CrowdStrike Holdings Stock (NASDAQ: CRWD)

CrowdStrike Holdings Stock (NASDAQ:CRWD), Trade Ideas

CrowdStrike Holdings

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.

News

Short Ideas

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

CRWD

ENPH

The Nasdaq 100 closed slightly higher on Tuesday. Investors, meanwhile, focused on some notable insider trades.

CrowdStrike, Wayfair And 2 Other Stocks Insiders Are Selling

bull ai

Analyst Color

Earnings

Long Ideas

Analyst Ratings

Tech

AMZN

CHKP

CYBR

GOOG

GOOGL

MSFT

PANW

PLTR

TENB

Tech analyst Daniel Ives predicts 15% surge for Microsoft, Alphabet, Amazon, Palantir, and Meta. Q1 earnings expected to drive tech stocks up 15% in 2024.

Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst

AVGO

QCOM

The Nasdaq 100 closed lower by around 1.5% on Thursday. Investors, meanwhile, focused on some notable insider trades.

Qualcomm, Broadcom And 2 Other Stocks Insiders Are Selling

CrowdStrike Holdings, Inc. - Class A Common Stock

CrowdStrike Holdings Inc

Earnings Misses

AT&T Q1 2024 GAAP EPS $0.47 Misses $0.49 Estimate, Sales $30.028B Miss $30.540B Estimate

<p>HC Wainwright &amp; Co.  analyst Yi Chen   maintains Oculis Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCS#NASDAQ">OCS</a>) with a Buy and lowers the price target from $29 to $28.</p>


Price Target

HC Wainwright & Co. Maintains Buy on Oculis Holding, Lowers Price Target to $28

<div>The company expects second quarter Travel and Membership Adjusted EBITDA of&nbsp;$60 million&nbsp;to&nbsp;$65 million.</div>


Guidance

Travel Leisure Projects Q2 Adjusted EBITDA Of $235M-$245M With Gross VOI Sales Of $580M-$610M

<p><strong>Second Quarter&nbsp;2024&nbsp;Outlook&nbsp;&amp;&nbsp;Guidance</strong></p>
<p><strong>Quarter-over-Quarter&nbsp;Guidance:</strong></p>
<ul>
<li>Wafer Shipments: Will increase by low single digit %</li>
<li>ASP in USD: Will remain firm</li>
<li>Gross Profit Margin: Will be approximately&nbsp;30%</li>
<li>Capacity Utilization: mid-60%&nbsp;range</li>
<li>2024 CAPEX: US$3.3 billion</li>
</ul>


United Microelectronics Expects Q2 Wafer Shipments to Grow by Low Single Digit % and Firm Average Selling Price QoQ

WIIM

Seagate shares are trading higher following Q3 earnings.

Travel Leisure Reaffirms 2024 Adjusted EBITDA Outlook Of $910M-$930M With Gross VOI Sales Of $2.25B-$2.35B

New Oriental Education & Technology Group

New Oriental Education shares are trading lower following a Q3 EPS miss.

SIRI

Sirius XM Holdings shares are trading higher after Pivotal Research upgraded the stock from Hold to Buy but cut its price target from $5.05 to $4.90.

<p><strong>International Business Machines Corporation&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is reportedly on the verge of acquiring cloud software provider&nbsp;<strong>HashiCorp</strong>&nbsp;<strong>Inc&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NYSE">HCP</a>), signaling potential growth for both entities.</p>
<p>An acquisition of HashiCorp would likely entail a premium above its current stock value,&nbsp;<a target="_blank" href="https://www.wsj.com/business/deals/ibm-nears-deal-for-cloud-software-provider-cf146448?mod=lead_feature_below_a_pos1" rel="noreferrer noopener">reported&nbsp;</a>The&nbsp;Wall Street Journal.</p>
<p>Citing sources familiar with the matter, the report suggested that a deal for HashiCorp is likely to materialize soon, although there&#8217;s a possibility it may not proceed.</p>
<p>HashiCorp, headquartered in San Francisco, specializes in cloud infrastructure setup, boasting partnerships with numerous tech giants, including&nbsp;<strong>Cisco Systems Inc</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>),&nbsp;<strong>RedHat</strong>&nbsp;(owned by IBM), and&nbsp;<strong>Datadog Inc</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>).</p>
<p>As per the report, IBM is undergoing a strategic shift towards&nbsp;hybrid-cloud&nbsp;and&nbsp;artificial-intelligence&nbsp;domains under the leadership of CEO Arvind Krishna.</p>
<p>The company&#8217;s recent endeavors include ventures into quantum computing and blockchain technologies,&nbsp;evident&nbsp;from its $5 billion acquisition of software firm&nbsp;<strong>Apptio</strong>&nbsp;last year, enhancing its automation capabilities.</p>
<p>Recent reports indicate&nbsp;<strong>Salesforce Inc&#8217;s</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) withdrawal from negotiations to acquire&nbsp;<strong>Informatica Inc</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>), signaling a&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/04/38357035/whats-going-on-with-salesforce-and-informatica-stock-monday" rel="noreferrer noopener">cautious approach in the sector.</a></p>
<p><strong><em>Read Next</em></strong><em>:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38391805/ibms-moment-of-truth-as-earnings-expected-to-impress-with-strong-ai-influence-analy" rel="noreferrer noopener">IBM&#8217;s Moment Of Truth As Earnings Expected To Impress With Strong AI Influence, Analyst Says</a></em></p>
<p><strong>Price Action</strong>: HCP closed higher by 18.7% at $29.15 on Tuesday.</p>
<p><strong><em>Disclaimer</em></strong>: <em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Photo via Shutterstock</em></p>


Equities

Media

General

CSCO

DDOG

INFA

Strategic Shift: IBM Reportedly Eyes HashiCorp Acquisition

Dividends

Travel Leisure Says It Will Recommend Q2 Dividend Of $0.50 Per Share For Approval By Company's Board Of Directors In May 2024

Enphase Energy shares are trading lower after the company reported worse-than-expected Q1 financial results and issued Q2 revenue guidance below estimates.

Vertiv Holdings shares are trading higher after the company reported better-than-expected Q1 financial results and raised its 2024 guidance.

<p>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.15 by 12.67 percent. This is a 36.1 percent decrease over earnings of $0.20 per share from the same period last year.  The company reported quarterly sales of $1.708 billion which missed the analyst consensus estimate of $1.730 billion by 1.30 percent.  This is a 0.77 percent increase over sales of $1.695 billion the same period last year.</p>


United Microelectronics Q1 2024 GAAP EPADS $0.13 Misses $0.15 Estimate, Sales $1.708B Miss $1.730B Estimate

SNAP

Shares of Meta and Snap are trading higher after the US Senate passed a bill under which ByteDance would need to divest TikTok or the app will fave a ban.

<p>Travel+Leisure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNL#NYSE">TNL</a>) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.86 by 12.79 percent. This is a 8.99 percent increase over earnings of $0.89 per share from the same period last year.  The company reported quarterly sales of $916.00 million which beat the analyst consensus estimate of $906.16 million by 1.09 percent.  This is a 4.21 percent increase over sales of $879.00 million the same period last year.</p>


Earnings Beats

Travel+Leisure Q1 Adj $0.97 Beats $0.86 Estimate, Sales $916.00M Beat $906.16M Estimate

<p>HC Wainwright &amp; Co.  analyst Scott Buck   reiterates AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) with a Buy and maintains $17 price target.</p>


Reiteration

AEYE

HC Wainwright & Co. Reiterates Buy on AudioEye, Maintains $17 Price Target

Management

VIRT

On August 1, 2024, Cindy Lee, Currently Deputy CFO, Will Become CFO Of Virtu Financial. Sean Galvin, Currently CFO Of Virtu Since 2020, Will Remain With Virtu In A Senior Capacity And Will Work With Cindy To Ensure Transition

Visa shares are trading higher after the company reported better-than-expected Q2 financial results.

Thermo Fisher Scientific shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY24 guidance.

<p>HC Wainwright &amp; Co.  analyst Amit Dayal   reiterates ClearSign Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) with a Buy and maintains $6 price target.</p>


CLIR

HC Wainwright & Co. Reiterates Buy on ClearSign Technologies, Maintains $6 Price Target

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>When it comes to Nasdaq stocks with strong buy ratings, mega-cap <a href="https://investorplace.com/industries/technology/">tech stocks</a> may be what may first come to mind. To some extent, this is a correct assumption. Wall Street&rsquo;s analyst community has issued &ldquo;strong buy&rdquo; or &ldquo;overweight&rdquo; ratings on quite a few of the &ldquo;Magnificent Seven&rdquo; stocks.</p>



<p>That said, these aren&rsquo;t the only Nasdaq-listed names sell-siders are bullish on right now. Many large-cap tech names have also received similarly high marks from sell-side analysts over the past few months.</p>



<p>Moreover, remember that while heavily associated with tech stocks, scores of non-tech stocks across all sectors also trade on the Nasdaq exchange. Plenty of these names have also garnered a &ldquo;strong buy&rdquo; or &ldquo;overweight&rdquo; ratings since the start of the year.</p>



<p>The accuracy of sell-side ratings has long been subject to debate. It may be worth taking a look at these lauded Nasdaq stocks, such as the following seven.</p>



<h2>Academy Sports and Outdoors (ASO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/retail1600b-300x169.jpg" alt="Woman at the supermarket checkout, she is paying using a credit card, shopping and retail concept"><div>Source: Shutterstock</div></div><p><strong>Academy Sports and Outdoors</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/aso-stock-quote/"><strong>ASO</strong></a>) is a sporting goods retailer, with stores located primarily in Texas, as well as across the southern and midwestern United States. Last year, I pointed out ASO as being one of the <a href="https://investorplace.com/2023/04/the-7-most-undervalued-nasdaq-stocks-to-buy-in-april-2023/">undervalued Nasdaq stocks</a>.</p>



<p>ASO stock has traded sideways since then. Recent fiscal results and guidance from the company have <a href="https://seekingalpha.com/news/4082193-academy-sports-and-outdoors-slides-after-sales-guidance-disappoints">fallen short of expectations</a>. Yet while I&rsquo;m more skeptical about the stock than before, one sell-side analyst remains very bullish. Last August, Telsey Advisory Group <a href="https://www.investing.com/news/stock-market-news/telsey-sees-a-return-to-growth-for-academy-sports-and-outdoor-in-2024-432SI-3153692">initiated coverage</a> of Academy Sports and Outdoors stock. </p>



<p>Giving ASO an &ldquo;outperform&rdquo; rating,&rdquo; and a $72 per share price target, Telsey cited the potential for Academy to &ldquo;return to growth&rdquo; during 2024. The analyst firm has <a href="https://finviz.com/quote.ashx?t=ASO&amp;p=d">twice reiterated its &ldquo;outperform&rdquo; rating</a>. Telsey raised its price target in the first reiteration to $83 per share, but lowered in the second reiteration to $75 per share.</p>



<h2>Crowdstrike Holdings (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/crwd1600-300x169.png" alt="Person holding smartphone with logo of US software company CrowdStrike Holdings Inc. (CRWD) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>&ldquo;AI mania&rdquo; has been a boon for tech stocks across the board, and <strong>Crowdstrike Holdings</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/"><strong>CRWD</strong></a>) stock is no exception. Shares in the cybersecurity solutions firm have rallied by a staggering 144.73% over the past year. </p>



<p>While many other large and mega-cap Nasdaq stocks have outperformed it during this time frame, these massive gains for CRWD stock are nothing to sneeze at. That said, following this massive run-up, Crowdstrike shares have become pricey. Right now, CRWD trades for 81.1 times forward earnings.</p>



<p>But while this may have the valuation-conscious leery about entering a position, keep in mind that analysts at Raymond James have yet to reiterate or change an <a href="https://seekingalpha.com/news/4060086-crowdstrike-gets-outperform-rating-as-cyber-security-stocks-flatten">&ldquo;outperform&rdquo;</a> rating on CRWD, issued in January. </p>



<p>The same goes for analysts at Bernstein, who also issued an <a href="https://www.streetinsider.com/New+Coverage/Bernstein+Starts+CrowdStrike+Holdings+%28CRWD%29+at+Outperform/22641288.html">&ldquo;outperform&rdquo;</a> rating on the stock at that time. This could change, however, after Crowdstike next reports earnings, sometime next month.</p>



<h2>East West Bancorp (EWBC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/banks1600-300x169.jpg" alt="Image of a grey cityscape with a large corporate building that features the word bank on it"><div>Source: Shutterstock</div></div><p><strong>East West Bancorp</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ewbc-stock-quote/"><strong>EWBC</strong></a>) is a California-based regional bank, focused on providing personal and business banking services to the Chinese-American community. </p>



<p>Regional banks have contended with many challenges lately, but based on a recent sell-side rating, EWBC has been one of the more resilient names in the space.</p>



<p>Last month, Barclays analyst Jared Shaw issued an <a href="https://www.tipranks.com/news/article/barclays-taps-3-mid-cap-bank-stocks-for-up-to-50-upside-potential">&ldquo;overweight&rdquo;</a> rating on EWBC stock, giving it a $106 per share price target. In his bullish assessment, Shaw cited management&rsquo;s strong execution. Per the analyst, East West Bancorp has continued to increase its deposits and loan, all while maintaining &ldquo;excellent credit underwriting&rdquo; and staying well-capitalized.</p>



<p>With EWBC trading for around $74 per share today, reaching Shaw&rsquo;s price target may seem like a tall order. </p>



<p>However, if the bank&rsquo;s strengths persist, macro conditions improve, and sentiment for regional <a href="https://investorplace.com/industries/financial/bank/">bank stocks</a> shift back to bullish, shares could hit this price target sooner than you think.</p>



<h2>Microsoft (MSFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div><p>You probably don&rsquo;t find it surprising that <strong>Microsoft </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a>) is one of the Nasdaq stocks getting a lot of love from the analyst community right now. </p>



<p>The software giant has so far been one of the early-movers in generative artificial intelligence technology. Because of this, the strong buy ratings keep coming in.</p>



<p>For instance, on March 20, Keybanc issued an  <a href="https://www.investing.com/news/stock-market-news/paying-todays-premium-multiple-for-microsoft-is-worth-the-price--keybanc-432SI-3348117">&ldquo;overweight&rdquo;</a> rating, and a $490 per share price target, on MSFT stock. In their view, &ldquo;Microsoft sits in the catbird seat in two of the three main ways software vendors can monetize the AI wave.&rdquo;</p>



<p>That&rsquo;s not all. On April 11, Morgan Stanley <a href="https://www.investing.com/news/stock-market-news/microsoft-stock-target-raised-at-morgan-stanley-as-eps-could-double-by-2029-432SI-3375130">reiterated its &ldquo;outperform&rdquo; rating</a> on MSFT, raising its price target to $520 per share. In the sell-side firm&rsquo;s view, Microsoft&rsquo;s lead position in cloud computing and gen AI points to annual earnings doubling to $29 per share by 2029.</p>



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/nvda-1600-300x169.png" alt="Closeup of mobile phone screen with logo lettering of nvidia corporation on computer keyboard. NVDA stock."><div>Source: Shutterstock</div></div><p><strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>) is another &ldquo;Magnificent Seven&rdquo; component that&rsquo;s still earning top grades from Wall Street analysts. </p>



<p>With the cool down in &ldquo;AI mania,&rdquo; investors have also cooled down in their excitement for this leading AI chip designer.</p>



<p>The next big move for NVDA stock may be just around the corner.. The company is expected to report earnings sometime next month. That said, if you&rsquo;ve been thinking about exiting a NVDA position, a look at the latest sell-side commentary on Nvidia could change your view.</p>



<p>Last week, Raymond James&rsquo; Srini Pajjuri <a href="https://www.barrons.com/articles/nvidia-stock-price-buy-sell-2c6124fa?mod=md_stockoverview_news">maintained his &ldquo;strong buy&rdquo; rating</a> on Nvidia, and raised his price target from $850 to $1000 per share. Pajjuri believes concerns about a slowdown in AI chip sales are &ldquo;unwarranted,&rdquo; given demand still exceeds supply. </p>



<p>Analysts at Morgan Stanley have also recently raised their NVDA price target to <a href="https://investorplace.com/2024/04/morgan-stanley-just-raised-its-price-target-on-nvidia-nvda-stock/">$1000 per share</a>, as <em>InvestorPlace&rsquo;s</em> Larry Ramer discussed on April 11.</p>



<h2>Synopsys (SNPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/snps1600-300x169.png" alt="Person holding mobile phone with logo of American technology company Synopsys Inc. (SNPS) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>Electronic design automation company <strong>Synopsys</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/snps-stock-quote/"><strong>SNPS</strong></a>) is another of the Nasdaq stocks that have recently received a &ldquo;strong buy&rdquo; rating or the equivalent to a &ldquo;strong buy&rdquo; rating from analysts.</p>



<p>On April 4, Piper Sandler&rsquo;s Clarke Jeffries issued <a href="https://www.streetinsider.com/Analyst+Comments/Piper+Sandler+Starts+Synopsys+%28SNPS%29+at+Overweight%2C+Transformative+Moves+Create+New+Margin+Opportunity/23026006.html">an &ldquo;overweight&rdquo; rating, and a $665 per share price target</a>, on SNPS stock. In the research note, the analyst cited several factors driving this bullish view on shares. </p>



<p>First, Jeffries pointed out that the company has sustained strong levels of annualized revenue growth. Alongside this, Synopsys&rsquo; margins have improved considerably over the past five years.</p>



<p>Besides the strong performance of its underlying business, the analyst also believes acquisitions and divestitures are also a catalyst for SNPS. </p>



<p>The company&rsquo;s pending purchase of <strong>Ansys</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/anss-stock-quote/"><strong>ANSS</strong></a>) is poised to be accretive to shareholders. Synopsys&rsquo; sale of its Software Integrity Group segment stands to be a major positive for further margin expansion.</p>



<h2>Weatherford International (WFRD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/04/oil-stocks1600-300x169.png" alt="Oil. 3D Illustration. Oil stocks are up."><div>Source: Pavel Ignatov / Shutterstock.com</div></div><p>On February 28, Barclays&rsquo; J. David Anderson issued <a href="https://seekingalpha.com/news/4073368-weatherford-started-at-overweight-by-barclays-as-reborn-oil-services-player">an &ldquo;overweight&rdquo; rating, and a $135 per share price target</a>, on <strong>Weatherford International</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/wfrd-stock-quote/"><strong>WFRD</strong></a>). At the time, this oil equipment and services company was trading for just over $100 per share.</p>



<p>WFRD stock has since climbed to $120 per share, but if you decide to take heed of this analyst recommendation, upside may be more substantial than you think. </p>



<p>In the Barclays research note, Anderson argued that the key factor pointing to higher prices for Weatherford was the company&rsquo;s continued implementation of cost cutting and other efficiency measures.</p>



<p>However, couple this with a recent positive development for the energy sector. That would be the latest surge in oil prices. With <a href="https://www.bloomberg.com/news/articles/2024-03-22/oil-demand-outpaces-expectations-testing-calculus-on-peak-crude">oil demand outpacing expectations</a>, exploration efforts could rise as well. </p>



<p>This could further boost demand for Weatherford&rsquo;s products and services. Hence, giving shares an organic growth catalyst, alongside a turnaround catalyst.<span><a href="https://investorplace.com/stock-quotes/-stock-quote/"></a></span></p>



<p><em>On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/wall-street-favorites-7-nasdaq-stocks-with-strong-buy-ratings-for-april-2024/">Wall Street Favorites: 7 Nasdaq Stocks With Strong Buy Ratings for April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Wall Street Favorites: 7 Nasdaq Stocks With Strong Buy Ratings for April 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>United States equities have calmed down since their rally in the first quarter of 2024. The<strong>&nbsp;S&amp;P 500</strong>, <strong>Nasdaq</strong>, and <strong>Russell 2000</strong>&nbsp;have all dipped slightly from their previous highpoints. While market trends, such as the generative AI craze, may have been enough to lift stocks to new heights, nowadays analysts and investors are increasingly worried about how stretched trading multiples have become. As equities take a dip in the U.S., it&rsquo;s probably about time to think about which stocks to buy as valuations fall. Given the traction AI-related technology companies have received both in 2023 and 2024, machine learning stocks could also receive a lot of love in 2024.</p>



<p>Machine learning (<span>ML</span>)&nbsp;is a branch of artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a>) that enables computers to learn from data and experience without explicit programming. Over the past decade, the technology has also garnered attention for its numerous applications. Below are three machine learning stocks that could 10x your capital if you choose to hold them long term. </p>



<h2>CrowdStrike (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/crwd-1600-300x169.png" alt="CrowdStrike sign and logo at headquarters in Silicon Valley. CRWD stock."><div>Source: Michael Vi / Shutterstock</div></div><p><strong>CrowdStrike</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/" target="_blank"><strong>CRWD</strong></a>) is a cybersecurity firm that specializes in cloud-based&nbsp;<a href="https://www.crowdstrike.com/falcon-platform/" target="_blank">endpoint protection and threat intelligence</a>&nbsp;services. The cybersecurity firm employs a host of machine learning algorithms to detect cyber threats on a company&rsquo;s network and across its endpoints.&nbsp;The company already seems to be feeling the impact of the current market turbulence. Shares have fallen more than 2% since the start of the second quarter, and it&rsquo;s most likely not due to anything wrong with the business. </p>



<p>The company&rsquo;s Q4 earnings underscored how a cybersecurity firm could grow even during economic uncertainty. In particular, CrowdStrike beat earnings Wall Street estimates and saw top-line growth in 2023,&nbsp;<a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2023">reaching</a>&nbsp;54% on a year-over-year basis, while revenue for the quarter increased 45% year-over-year. Despite the cybersecurity industry as a whole struggling with growth, CrowdStrike has continued to significantly improve top-line figures year-over-year. The company has also&nbsp;<a href="https://www.crn.com/news/security/cybersecurity-layoffs-in-2023-companies-who-cut-jobs-in-q3?itc=refresh">avoided job cuts</a>&nbsp;unlike companies like&nbsp;<strong>Zscaler</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/zs-stock-quote/"><strong>ZS</strong></a>) and&nbsp;<strong>SentinelOne</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/s-stock-quote/"><strong>S</strong></a>).</p>



<p>However, CrowdStrike&rsquo;s valuation multiples have risen too high. CrowdStrike&rsquo;s shares had climbed more than 140% by the end of 2023. Nowadays, CrowdStrike&rsquo;s shares trades at around 80.0x forward earnings, after having risen more than 22% since the start of 2024. Once CrowdStrike&rsquo;s valuation comes down a bit, it may be a good time to consider investing in the company&rsquo;s shares. As enterprises continue to pursue digital transformation plans, CrowdStrike will be a clear beneficiary.</p>



<h2>Palantir (PLTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/pltr1600-3-300x169.png" alt="Palantir logo on the smartphone and the company share price on the day of opening the trade October 1, 2020. Palantir valued at $15.8bn in stock market debut. PLTR stock"><div>Source: Ascannio / Shutterstock.com</div></div><p>While <strong>Palantir Technologies</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/pltr-stock-quote/"><strong>PLTR</strong></a>) was skyrocketing in Q1&rsquo;2024, at one point increasing as much as 54%, I was sounding the alarm on its valuation. I pointed out the data analytics firm was being valued too much as a fully-grown AI company when it hadn&rsquo;t, in my eyes, achieved that status yet. PLTR&rsquo;s price-to-earnings multiple hit 80.2x forward earnings in early March. It did not really make sense a company that was just rolling out its AI platform was valued way higher than <strong>Nvidia</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>). </p>



<p>Since then, however, PLTR shares have fallen more than 16% and its valuation has come down some. Thus, now may be a good time to consider PLTR as a long-term investment. Although I&rsquo;ve had quips about the company&rsquo;s valuation, Palantir still has a great business. The data analytics firm started out serving the defense and intelligence sectors by providing comprehensive data analytics products. Back then, Peter Thiel was at the helm of the firm. Nowadays, Palantir has broadened its horizons to servicing customers in healthcare, energy, and finance industries with both on-premises and cloud software solutions. At the end of 2023, Palantir&nbsp;<a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001321655/301c4e7c-bc97-4414-ad8b-3c84568750eb.pdf">counted</a>&nbsp;497 companies amongst its broad customer base.</p>



<p>Moreover, Palantir has made significant strides in improving profitability, and although its new&nbsp;<a href="https://www.palantir.com/platforms/aip/">Artificial Intelligence Platform (AIP)</a>&nbsp;may be initially overhyped, the platform will likely boost revenue growth and earnings at some point in the future. In other words, if bought at a decent price, PLTR shares could be a worthwhile long investment in machine learning. </p>



<h2>International Business Machines (IBM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/ibm1600-1-300x169.jpg" alt="The IBM 5160 is a version of the IBM PC with a built-in hard drive. Released on March 8, 1983. The 5100 series are knowns as one of the first home computers."><div>Source: Twin Design / Shutterstock.com</div></div><p><strong>International Business Machines</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ibm-stock-quote/"><strong>IBM</strong></a>) is a well-established technology business that employs machine learning in a number of its core businesses. Not to mention, IBM&rsquo;s price-to-earnings multiple is just around 18.7x forward earnings, making the tech giant a great candidate to deliver 10x returns to a company&rsquo;s portfolio. </p>



<p>Given we&rsquo;re in the beginning of the generative AI age, I would say IBM&rsquo;s machine learning and AI businesses are just getting started. The company&rsquo;s <a href="https://www.ibm.com/watsonx">watsonx platform</a> allows enterprises to leverage the most optimal ML and AI models to meet their analytical needs. Moreover, IBM&rsquo;s <a href="https://www.ibm.com/aiops">AIOps product</a> also uses machine learning to help automate certain tasks related to operating and monitoring cloud infrastructure, thereby minimizing costs. These kinds of AI and ML-based tools will not only be useful for a number of enterprises but also crucial to maintaining modern businesses in the digital age. </p>



<p>Another novel area where IBM can drive value is its quantum computing business. Currently, machine learning and generative AI are new big things in tech, but quantum computing is likely to surpass the capabilities of both in certain applications. Outside of operating its own physical quantum computer, IBM has worked on making quantum computing accessible through its a cloud-based quantum computing service called&nbsp;<a href="https://quantum-computing.ibm.com/" target="_blank">IBM Quantum Experience</a>, which allows customers and researchers to access its quantum hardware and software.</p>



<p>IBM, now <a href="https://www.cnbc.com/2024/01/24/ibm-q4-earnings-report-2023.html">flusher with free cash flow</a>&nbsp;these days, could make even more breakthroughs in machine learning and quantum computing, spurring innovation and earnings growth in the long run. </p>



<p><em>On the date of publication, Tyrik Torres&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-machine-learning-stocks-to-turn-100000-into-1-million-april-2024/">3 Machine Learning Stocks to Turn $100,000 into $1 Million: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Machine Learning Stocks to Turn $100,000 into $1 Million: April 2024

Cisco Won't Stay This Cheap For Long

ClearBridge Multi Cap Growth Strategy Q1 2024 Portfolio Manager Commentary

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/industries/technology/cybersecurity/">Cybersecurity stocks</a> have been going through a tough stretch. Many cybersecurity firms that have dominated the stock market since the pandemic (and even before that point) have been losing momentum.&nbsp;</p>



<p>Earnings misses, reduced guidance and frothy valuations fill the industry. This combination of factors makes it more difficult to find quality cybersecurity stock, especially pure plays. While many firms are experiencing slowdowns, the cybersecurity industry is here to stay. It&rsquo;s projected to achieve a&nbsp;<a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market#:~:text=Cyber%20Security%20Market%20Size%20&amp;%20Trends,12.3%25%20from%202023%20to%202030." target="_blank">c</a>ompounded annual growth rate of <a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market#:~:text=Cyber%20Security%20Market%20Size%20&amp;%20Trends,12.3%25%20from%202023%20to%202030." target="_blank">12.3% until 2030</a>.</p>



<p>Businesses need to keep themselves safe from hackers. Too much data and assets are at risk. These three cybersecurity stocks to buy now are companies that can protect businesses and generate long-term returns for shareholders.</p>



<h2><strong>Crowdstrike (CRWD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/crwd1600-300x169.png" alt="Person holding smartphone with logo of US software company CrowdStrike Holdings Inc. (CRWD) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Crowdstrike</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/crwd-stock-quote/"><strong>CRWD</strong></a></span>) is one of the best cybersecurity stocks to buy now for investors who don&rsquo;t mind a high valuation. Unlike most competitors, Crowdstrike is still growing at an impressive rate. The cybersecurity firm recently reported 33% year-over-year revenue growth in&nbsp;<a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024" target="_blank">Q4 FY24</a>. Guidance suggests that revenue growth will remain high.&nbsp;</p>



<p>The firm generates a good chunk of its revenue through a recurring business model. Annual recurring revenue grew by 34% year-over-year to reach $3.44 billion. The company also expanded its profit margins with $53.7 million in GAAP net income compared to a $47.5 million GAAP net loss in the same period last year.</p>



<p>Investors have noticed and are continuing to accumulate the stock. Shares are up by 25% year-to-date and trade at a&nbsp;<a target="_blank" href="https://finance.yahoo.com/quote/CRWD/key-statistics">78-forward P/E ratio</a>. If vast profit margin expansion continues, the stock can grow in its valuation. A good compounded annual growth rate for the cybersecurity industry combined with weaknesses from its competitors suggests Crowdstrike can capitalize on the opportunity.</p>



<h2><strong>Palo Alto Networks (PANW)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw-stock-1-300x169.jpg" alt="Palo Alto Networks (PANW) logo on corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>Palo Alto Networks</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a></span>) was once a heralded cybersecurity stock until a recent earnings report dragged down the stock price. The stock is down by 3% year-to-date but has gained 240% over the past five years.</p>



<p>Revenue grew by 19% year-over-year in&nbsp;<a href="https://investors.paloaltonetworks.com/news-releases/news-release-details/palo-alto-networks-reports-fiscal-second-quarter-2024-financial" target="_blank">Q2 FY24</a>,&nbsp;a lower growth rate than previous quarters. The company had been generating 25% year-over-year revenue growth in previous quarters. Palo Alto Networks generated $135.5 million in income before income taxes during the quarter. Using this distinction is important since the company received a $1.6 billion benefit from income taxes. That&rsquo;s why the company has an inflated net income of $1.7 billion in GAAP, which isn&rsquo;t an accurate metric for gauging the stock.</p>



<p>Income before income taxes increased from $118.8 million in Q2 FY23 to $135.5 million in the most recent quarter. That&rsquo;s a 14% year-over-year growth rate. The company anticipates revenue growth to range from 13% to 15% in Q3 FY24.&nbsp;</p>



<p>The big drop may present a long-term buying opportunity. The stock has an average rating of &ldquo;<a target="_blank" href="https://www.tipranks.com/stocks/panw/forecast">Moderate Buy</a>&rdquo; and an implied 20% upside. Recent post-earnings price targets have been mostly positive and indicate the stock can gain more than 20%.</p>



<h2><strong>Microsoft (MSFT)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div><p><strong>Microsoft&nbsp;</strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a></span>) isn&rsquo;t a pure-play cybersecurity stock, but it has a lot going for it. Most of the company&rsquo;s revenue&nbsp;<a href="https://www.microsoft.com/en-us/investor/earnings/fy-2024-q2/press-release-webcast" target="_blank">comes from cloud computing</a>. The platform helps businesses run more efficiently, but it&rsquo;s also a digital resource companies have to protect.&nbsp;</p>



<p>The tech giant has a suite of cybersecurity software and recently announced&nbsp;<a href="https://www.microsoft.com/en-us/security/business/ai-machine-learning/microsoft-copilot-security" target="_blank">Copilot for Security</a>&nbsp;to gain more market share. This feature makes cybersecurity more accessible for individuals and small businesses. Copilot is the company&rsquo;s artificial intelligence tool that has many users. It&rsquo;s not just for cybersecurity; the company&rsquo;s recent innovation will increase Copilot&rsquo;s adoption.</p>



<p>The stock has outperformed the stock market for many years and is up 225% over the past five years. Analysts are bullish on the stock and believe it can&nbsp;increase by <a href="https://www.tipranks.com/stocks/msft/forecast" target="_blank">12% from current levels</a>. The stock is rated as a &ldquo;Strong Buy&rdquo; by 35 analysts. Recent price target hikes suggest the stock can gain more than 12%. The highest price target of $550 per share implies a 30% gain.</p>



<p><em>On this date of publication, Marc Guberti held a long position in MSFT. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-3-best-cybersecurity-stocks-to-buy-now-q2-edition/">The 3 Best Cybersecurity Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Best Cybersecurity Stocks to Buy Now: Q2 Edition

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The end of the first quarter means another volatile earnings season. United States equities ended Q1 on a high note after an overall positive Q4 earning season. The two major U.S. stock market indices &mdash; the <strong>S&amp;P500</strong> and the <strong>Nasdaq </strong>&mdash; ended the first quarter up 10.2% and 9.1%, respectively. The small-to-mid cap index, the <strong>Russell 2000</strong>, trailed behind, only having risen 4.8% for the first quarter. While positive earnings and market trends, such as the generative AI craze, may have been enough to lift stocks for earnings volatility to new heights, macroeconomic volatility has come back into view. Moreover, the high trading multiples U.S. equities have risen to has also led to a lot of selling pressure in Q2. </p>



<p>Yesterday, Jerome Powell mentioned because of persistent inflation, interest rates would be higher for a longer period of time. This level of macroeconomic uncertainty could bring heavy amounts of volatility to the coming earning season. In this article, I&rsquo;ll go through three stocks for earnings volatility. </p>



<h2>CrowdStrike (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/crwd-1600-300x169.jpg" alt="A sign with the Crowdstrike (CRWD) company logo"><div>Source: VDB Photos / Shutterstock.com</div></div><p><strong>CrowdStrike</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/" target="_blank"><strong>CRWD</strong></a>) is a cybersecurity firm that specializes in cloud-based&nbsp;<a href="https://www.crowdstrike.com/falcon-platform/" target="_blank">endpoint protection and threat intelligence</a>&nbsp;services.&nbsp;The company&rsquo;s Q4 earnings underscored how a cybersecurity firm could grow even during economic uncertainty. In particular, CrowdStrike beat earnings Wall Street estimates and saw top-line growth in 2023,&nbsp;<a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2023">reaching</a>&nbsp;54% on a year-over-year basis, while revenue for the quarter increased 45% year-over-year. Despite the cybersecurity industry as a whole struggling with growth, CrowdStrike has continued to significantly improve top-line figures year-over-year. The company has also&nbsp;<a href="https://www.crn.com/news/security/cybersecurity-layoffs-in-2023-companies-who-cut-jobs-in-q3?itc=refresh">avoided job cuts</a>&nbsp;unlike companies like&nbsp;<strong>Zscaler</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/zs-stock-quote/"><strong>ZS</strong></a>) and&nbsp;<strong>SentinelOne</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/s-stock-quote/"><strong>S</strong></a>).</p>



<p>Cybersecurity is a space that is pretty sensitive to macroeconomic machinations. Once businesses feel the overall environment is cloud, they could delay or forgo any technological upgrades, which could slowdown business for companies like CrowdStrike. The cybersecurity firm has been able to blow past earnings estimates. For the company&rsquo;s Q4 2023 earnings report, CrowdStrike&rsquo;s revenue beat estimates modestly while its <a href="https://app.koyfin.com/snapshot/earn/eq-yzc61h">EPS was 15% higher</a> than what analysts had been predicting, according to Koyfin. The firm&rsquo;s share skyrocketed more than 10% after its earnings release.</p>



<p>Given if the company beats estimates again and reiterates strong guidance, especially during times of uncertainty, CRWD shares could skyrocket again.</p>



<h2>Palantir (PLTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/pltr_palantir_1600-300x169.png" alt="Palantir (PLTR) logo on data network background, imaginary location in the future. Must-Buy Stocks on Major Deals"><div>Source: Spyro the Dragon / Shutterstock.com</div></div><p><strong>Palantir </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/pltr-stock-quote/"><strong>PLTR</strong></a></span>) is another option among stocks for earnings volatility. The data analytics firm released its AI Platform in the latter half of 2023, and subsequently, during the company&rsquo;s Q3 results, overall revenue increased 17% to $558 million from $478 million a year earlier. However, most notably, Palantir&rsquo;s &ldquo;U.S. Commercial business segment&rdquo; increased revenue figures by 37% on a year-over-basis driven by demand for Palantir&rsquo;s Artificial Intelligence Platform. The data analytics firm&rsquo;s AIP can&nbsp;<a href="https://www.palantir.com/platforms/aip/#aip-features">deploy</a>&nbsp;commercial and open-source large language models onto internally held data sets and, from there, recommend business processes and actions.</p>



<p>This next earnings season for Palantir will, no doubt, focus on AIP again. Analysts will be looking for any traction that product has gained from potential customers. The company beat estimates in its last earnings release, which sent the stock soaring to a record stock price. </p>



<p>The question is not only whether or not Palantir could blow away estimates but also if the market continues to accept Palantir&rsquo;s high stock-based compensation. In the company&rsquo;s Q4 report, for example, SBC came in at $132.6 million and was the largest add-back line-item to get the &ldquo;adjusted operating profit&rdquo; figure. Palantir&rsquo;s adjusted operating profit margin sat around 34% in Q4. If we count SBC as a&nbsp;<a href="https://hbr.org/2003/03/for-the-last-time-stock-options-are-an-expense">real expense</a>, margins would have been around 11%. This is similar for its adjusted EBITDA figure. </p>



<p>Due to these concerns, there could definitely be some earnings volatility on PLTR shares based on how analysts view the company&rsquo;s earnings figures.</p>



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/nvda-stock-1600-3-300x169.jpg" alt="Nvidia (NVDA) logo on a microchip. stocks for earnings volatility"><div>Source: Antonio Baccardi / Shutterstock.com</div></div><p><strong>Nvidia</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>), the preeminent designer of AI-powering graphics cards, will also likely receive a lot of earnings volatility. The chipmaker is by far the leader in the AI chip space, and it&rsquo;s easy to see why. Nvidia&rsquo;s chip design prowess and ample R&amp;D expense,&nbsp;<a href="https://s201.q4cdn.com/141608511/files/doc_financials/2023/ar/2023-Annual-Report-1.pdf">which was $7.3 billion in 2023 (27.2% of 2023 revenue)</a>&nbsp;and has floated between 1/5 and 1/4 of revenue over the past few years, has allowed Nvidia to effectively snap up&nbsp;<a href="https://cfotech.asia/story/nvidia-maintains-tight-grip-on-market-for-ai-processors-in-cloud-and-data-centers">81% of the market</a>&nbsp;for AI chips. Nvidia&rsquo;s&nbsp;new flagship processors dubbed &ldquo;<a href="https://www.bloomberg.com/news/articles/2024-03-18/nvidia-unveils-successor-to-its-all-conquering-ai-processor?sref=a6OYFmE3">Blackwell</a>&rdquo;&nbsp;will likely help Nvidia to maintain its lead against competitors. </p>



<p>For this earnings season, analysts will likely be focused on how Nvidia&rsquo;s revenue and EPS figures will stack up against current estimates. Guidance will also be a major factor. Given interest rates are to be higher for longer, I&rsquo;m sure analysts will be wondering if Nvidia&rsquo;s growth rate will be sustainable. NVDA&rsquo;s shares soared in double-digit territory and could do so again. </p>



<p><em>On the date of publication, Tyrik Torres&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/volatility-jackpot-3-ways-to-cash-in-on-the-coming-earnings-chaos/">Volatility Jackpot: 3 Ways to Cash in on the Coming Earnings Chaos</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Volatility Jackpot: 3 Ways to Cash in on the Coming Earnings Chaos

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/growth-stocks/">Growth stocks</a> have the potential to outperform the stock market and help investors reach their long-term financial goals sooner. While&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-04-15/treasury-yields-reach-new-2024-highs-after-march-retail-sales" target="_blank">higher yields</a>&nbsp;and a desire to&nbsp;<a href="https://www.cbsnews.com/news/federal-reserve-meeting-rate-decision-march-2024/" target="_blank">keep rates the same</a>&nbsp;can dampen the mood in the short run, some growth stocks can deliver enticing long-term returns.</p>



<p>Investments with the potential to generate explosive returns are volatile in nature. You will have to endure sharp price movements from time to time. However, if these corporations continue to thrive with their growth initiatives, they can become some of the top picks in the stock market. Investors may want to monitor these promising investment opportunities.</p>



<h2><strong>Duolingo (DUOL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/shutterstock_1668567226-300x169.jpg" alt="DUOL stock: A phone displaying the duolingo logo in front of a computer screen displaying the duolingo site"><div>Source: dennizn / Shutterstock</div></div><p><strong>Duolingo</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/duol-stock-quote/"><strong>DUOL</strong></a></span>) is an educational tech stock that delivers impressive financial growth. The stock&rsquo;s only weakness is its lofty&nbsp;<a href="https://finance.yahoo.com/quote/DUOL/key-statistics" target="_blank">126-forward P/E ratio</a>. I do not have a position in this stock, but I welcome any short-term pullbacks that would make this stock more enticing.</p>



<p>The stock is in the middle of a correction and has lost roughly 10% of its value since the start of April. It&rsquo;s a stock worth monitoring, and if it drops low enough, the stock can become a captivating buying opportunity. The business model is solid.&nbsp;</p>



<p>Revenue increased by 45% year-over-year in&nbsp;<a href="https://investors.duolingo.com/static-files/f456546b-5c18-4e4b-966d-59534089ef02" target="_blank">Q4 2023</a>,&nbsp;while net income came in at $12.1 million. That&rsquo;s a big switch from the company&rsquo;s $13.9 million net loss. Duolingo&rsquo;s net profit margin was above 8% compared to a 2% net profit margin in Q3 2023.&nbsp;</p>



<p>The difference is even more apparent with full-year results. Full-year 2023 net income came in at $16.1 million compared to a net loss of $59.6 million in the same period last year.</p>



<p>User growth rates also came in hot. Daily and monthly active users surged by 65% and 46% year-over-year respectively.&nbsp;</p>



<h2><strong>Crowdstrike (CRWD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/crwd1600-300x169.png" alt="Person holding smartphone with logo of US software company CrowdStrike Holdings Inc. (CRWD) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Crowdstrike</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/crwd-stock-quote/"><strong>CRWD</strong></a></span>) has comfortably outperformed the stock market with a 21% year-to-date gain. The cybersecurity firm continues to report impressive financial growth while many cybersecurity companies struggle to maintain last year&rsquo;s growth rates.</p>



<p>The firm generated $845.3 million in&nbsp;<a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024" target="_blank">Q4 FY24</a>&nbsp;revenue, a 33% year-over-year increase. Annual recurring revenue reached $3.44 billion, up 34% year-over-year. The company also had its fourth consecutive quarter of record GAAP profitability. GAAP net income came to $53.7 million compared to a $47.5 million GAAP net loss in the same period last year.</p>



<p>The stock has a&nbsp;<a href="https://finance.yahoo.com/quote/CRWD/key-statistics" target="_blank">78-forward P/E ratio</a>&nbsp;but a more reasonable 1.34 PEG ratio. Value investors won&rsquo;t like this one, but the growth stock has the potential to outperform the market for a while. The company&rsquo;s guidance suggests that growth rates remain high, while other cybersecurity firms have reported the opposite. Crowdstrike looks poised to take market share from its competitors.&nbsp;</p>



<h2><strong>Chipotle (CMG)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div><p><strong>Chipotle&nbsp;</strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/cmg-stock-quote/"><strong>CMG</strong></a></span>) has become a top choice for consumers who want healthier fast-food restaurants. The company reported 15.4% year-over-year revenue growth in&nbsp;<a href="https://ir.chipotle.com/2024-02-06-CHIPOTLE-ANNOUNCES-FOURTH-QUARTER-AND-FULL-YEAR-2023-RESULTS" target="_blank">Q4 2023</a>&nbsp;and expanded its profit margins.&nbsp;</p>



<p>The company also expanded by opening 271 new restaurants with 28 locations, including Chipotle. While those numbers are good, Chipotle&rsquo;s guidance is even better. If everything goes according to plan, the company will have opened 285-315 restaurants in 2024.</p>



<p>Chipotle is still expanding, so it&rsquo;s not in the position to offer dividends quite yet. However, the company did initiate $589.8 million in stock buybacks with an average price per share of $1,827.46. The recent&nbsp;<a href="https://apnews.com/article/chipotle-stock-split-nyse-9dc26a24bf5c356a188a992fff0ca2ca#:" target="_blank">50-for-1 stock split announcement</a>&nbsp;is also geared toward strengthening shareholder value.&nbsp;</p>



<p>The stock has outperformed the market with a 31% year-to-date gain and a 334% increase over the past five years. CMG stock is rated as a &ldquo;<a target="_blank" href="https://www.tipranks.com/stocks/cmg/forecast">Moderate Buy</a>&rdquo; among 27 analysts and has a bunch of high price targets coming in. The highest price target of $3,366 suggests a 15% upside from the current price.</p>



<p><em>On the date of publication, Marc Guberti did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-explosive-growth-stocks-to-buy-as-q2-gets-underway/">3 Explosive Growth Stocks to Buy as Q2 Gets Underway</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Explosive Growth Stocks to Buy as Q2 Gets Underway

All 54 AI stocks in the 7 AI category portfolios dropped this week, down 8.4%, on average, making it clear that the surge in the AI sector that began back on October 31st is over.

All 7 AI Category Portfolios Continued To Decline This Week

Stocks with the least price swings, most attractive option-sale candidates - JPM

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Artificial intelligence (<span>AI</span>) is one of the most exciting markets right now due to the seemingly unlimited potential of its applications in businesses everywhere. Many large companies are making massive <a href="https://www.statista.com/chart/31314/global-corporate-investment-in-artificial-intelligence/">investments </a>to integrate AI into their platforms and services to stay ahead of the charge and offer customers the latest and greatest edition tech has to offer.</p>



<p>The three stocks we will examine today are currently on a dip and trading at a lower price than their actual value. When stocks dip due to volatility or other short-term events, investors have an excellent opportunity to buy when the stock is cheaper and see significant profits when it bounces back to its former price.</p>



<p>We&rsquo;ll detail why these three <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> are so prominent in today&rsquo;s AI market and why the dips they are facing now give investors a chance to profit from their inevitable future growth.</p>



<h2><strong>C3.ai (AI)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/c3ai-ai-stock-1600-300x169.jpg" alt="C3.ai (AI) logo on a smartphone with computer screen showing graph in background, symbolizing AI stock"><div>Source: shutterstock.com/Below the Sky</div></div><p><strong>C3.ai </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/ai-stock-quote/"><strong>AI</strong></a>) is unique to the other stocks on this list as the company is dedicated entirely to AI software for businesses. It offers AI software-as-a-service to assist other companies looking to integrate AI <a href="https://c3.ai/c3-ai-platform/">platforms</a> into their operations.&nbsp;</p>



<p>The potential applications of C3.ai&rsquo;s software are near the point where it is limited only by the imagination and vision of the company utilizing it. Because of the extensive range of uses possible within C3.ai&rsquo;s AI development platform, the company has no peers that offer a similar service that makes up direct competition.</p>



<p>Despite its state-of-the-art AI software and lack of competition, C3.ai has been on the dip since late February. The stock has fallen over 40% this year and sits at just over $21, almost half its peak earlier this year.&nbsp;</p>



<p>C3.ai has taken a hit this year due to inflation affecting businesses&rsquo; spending power. However, despite these headwinds, the company is not showing a weak performance. The company&rsquo;s most recent earnings <a href="https://ir.c3.ai/news-releases/news-release-details/c3-ai-announces-third-quarter-fiscal-2024-financial-results">report </a>showed a year-over-year revenue increase of 18% and a 58% profit margin.&nbsp;</p>



<p>While the company could improve its earnings and is priced low, there is no reason not to believe that C3.ai will be one of the first companies to benefit from businesses&rsquo; increasing demand for AI platforms.&nbsp;</p>



<h2><strong>Crowdstrike (CRWD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/crwd-1600-300x169.jpg" alt="A sign with the Crowdstrike (CRWD) company logo"><div>Source: VDB Photos / Shutterstock.com</div></div><p><strong>Crowdstrike </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/"><strong>CRWD</strong></a>) is one of the most prominent cybersecurity companies to date and is also leading the charge in incorporating AI into its platform. Its generative AI analyst, <a href="https://www.crowdstrike.com/falcon-platform/artificial-intelligence-and-machine-learning/">Charlotte AI</a>, offers advanced features as part of the company&rsquo;s leading Falcon platform.</p>



<p>The company has seen a stellar performance since the summer of 2023 when the stock shot up 300% to reach its all-time <a href="https://www.macrotrends.net/stocks/charts/CRWD/crowdstrike/stock-price-history">high </a>in February of this year. In fiscal 2024, the company generated over $3 billion in <a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024">revenue </a>and generated free cash flow of $938.2 million.&nbsp;</p>



<p>Subscription revenue accounts for almost all of the company&rsquo;s income and has some of the highest retention and adoption rates in the cybersecurity sector. While the company&rsquo;s <a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024">outlook </a>expects another $1 billion increase in revenue over the next year, to much surprise, the stock has fallen over $40 in the past month.</p>



<p>Considering Crowdstrike has been one of the most expensive <a href="https://investorplace.com/industries/technology/cybersecurity/">cybersecurity stocks</a>, a dip like this presents an exceedingly rare opportunity for interested investors. While the stock may dip further with such a high valuation, there is a likelihood Crowdstrike will see another leap in the years to come. That makes the current dip a one-of-a-kind chance.</p>



<h2><strong>Advanced Micro Devices (AMD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/amd_stock1600-2-300x169.png" alt="Sign of AMD office in Markham, Ontario, Canada. Advanced Micro Devices, Inc. is an American multinational semiconductor company."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Advanced Micro Devices </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/"><strong>AMD</strong></a>) is undoubtedly a force to be reckoned with. It is a stock that has been on many investors&rsquo; lists over the past few years. The AI chip manufacturer is second only to tech giant <strong>Nvidia </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>) but is in a fantastic position to capitalize on the growing demand for AI chips.&nbsp;</p>



<p>This past month, investors had a golden opportunity to buy AMD on the dip. The stock fell almost 20% due to volatility and macroeconomic headwinds. While AMD does not have as much market share as Nvidia, its products are up to par &mdash; some might say even better.</p>



<p>AI chips allow users to extract the processing power necessary to run through the enormous amounts of data required for AI applications. While Nvidia&rsquo;s H100 chips are exceedingly popular, AMD&rsquo;s MI300 chips are even more <a href="https://www.semianalysis.com/p/amd-mi300-performance-faster-than">powerful</a>. AMD also offers open-source software that pairs with the chips, which claims to provide better accessibility to users than Nvidia&rsquo;s software. AMD has profitable <a href="https://www.cnbc.com/2023/12/06/meta-and-microsoft-to-buy-amds-new-ai-chip-as-alternative-to-nvidia.html">deals </a>with monster companies like <strong>Microsoft</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a></span>) and <strong>Meta Platforms</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a></span>) for its chips, ensuring a steady income stream. With the coming boom in AI, AMD will certainly be at the forefront. Its current low price is something any investor should keep an eye on this year.</p>



<p><em>On the date of publication, Joel Lim did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Joel Lim is a finance freelance writer who writes content for several companies like LTSE and Realtor, along with financial publications, including Mises Institute and Foundation for Economic Education.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-ai-stocks-to-buy-on-the-dip-april-2024/">3 AI Stocks to Buy on the Dip: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 AI Stocks to Buy on the Dip: April 2024

ABBV

ABNB

ABSI

ADSK

AGNC

BIIB

CACC

CDNS

DUOL

EWBC

FTNT

HUBS

INTU

IONS

ISRG

LBRDA

LBRDK

MRVL

NFLX

NVDA

ODFL

PODD

RGTI

SNOW

SNPS

TSCO

WFRD

WOLF

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