20 March Watchlist 👀

 

Today we are watching…

1. Crowdstrike (#crwd)

Crowdstrike gave its peers a lesson in earnings report announcements yesterday, the cybersecurity player doing everything right. Investors kept piling into the stock as the firm beat not only this quarter’s revenue expectations and profit expectations, but next quarter’s as well. The company revised guidance, telling investors to cheer up and remember that no matter what the feds take lockdown measures, business clients will always need sound cybersecurity. The company is fractionally unprofitable at the moment. Is that about to change? 

2. Tesla (#tesla)

Non-essential businesses must close, so that includes Tesla’s Fremont electric car factory right? Wrong! Elon Musk has somehow convinced county officials to permit his assembly line to stay in operation. There’s a good chance the factory will begin manufacturing respiratory ventilators and other hospital equipment, so that may be a part of a deal. For the survival of Tesla (seventeen years without a profit, remember), Musk needs to deliver more cars without lowering prices during this downturn, and pay off debt at the same time. It’s a big ask, but a Brave New World depends on him!

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