Ticker delayed 20 minutes
Avg Daily Volume: 5,364,648 Market Cap: 8.13B Sector: Technology Short Interest: 23.45 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.08/share REV: 137.7/M
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LAST QTR: EPS: -.12/share ACTUAL: -.07/share (BEAT)
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NEXT QTR: EPS: -.08/share REV: 149.9/M
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FULL YR: EPS: -.53/share REV: 467.08/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 100% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -4.62, -13.28, 18.0
EXPECTED JUMP MOVE: 8-10
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
CrowdStrike Chief Executive George Kurtz answered the call from his cybersecurity company’s president, Michael Sentonas. It was Friday, July 19, a day Kurtz is unlikely to forget. An errant product update from CrowdStrike had crashed devices, with many affected machines unable to restart.
Analysts are adjusting their expectations for CrowdStrike stock after last week’s debacle.
MARKETS MAIN The Score is a weekly review of the biggest stock moves and the news that drove them. Delta Air Lines A recent widespread tech outage is still causing turbulence for Delta. Major carriers including Delta, American Airlines and United Airlines had to ground thousands of flights on July 19 after an update pushed out by cybersecurity firm CrowdStrike crashed computers around the world.
After a year and a half of big names pushing the market forward, some smaller companies are starting to go on a run.
US equities (^GSPC, ^DJI, ^IXIC) are jumping on Friday as Big Tech seems to be rebounding after a week that saw many investors rotate into small and mid-caps. With new economic data, the Personal Consumption Expenditures Index (PCE), signaling inflation may be under control, many expect the Federal Reserve to make its first interest rate cut in September. Catalyst Funds Co-Founder and CIO David Miller joins the show to give insight into what recent economic data suggests for the Fed, the tech sector, and the broader markets moving forward. Former President Barack Obama has officially endorsed Vice President Kamala Harris in her presidential run for the 2024 election. The former president joins a litany of Democrat leaders and mega-donors who have already rallied behind the VP, giving their endorsements and financial backing. CrowdStrike (CRWD) CEO George Kurtz announced that 97% of Windows sensors are back online after an outage last week, which impacted Microsoft (MSFT) systems globally. Pharmaceutical giant Bristol Myers Squibb (BMY) is seeing its stock get a boost after beating second quarter earnings expectations on the top and bottom lines and raising its full-year guidance. JPMorgan Chase (JPM) is reportedly launching a generative AI tool for its employees in its asset and wealth management division, according to the Financial Times. The tool will be able to summarize documents, generate ideas, and help with writing. For more expert insight and the latest market action, click here
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