Focus on tech stocks like CrowdStrike and Meta Platforms for August 2024 watchlist.
From Nasdaq: 2024-08-07 10:49:19
The tech sector is a key player in the stock market, with companies creating and selling technology products. Tech stocks represent ownership in innovative companies, attracting investors with potential for rapid growth and market disruption.
Investing in tech stocks offers benefits like high returns and scalable business models, but comes with risks like volatility and competition. Thorough research is crucial when considering tech stocks, understanding financial health, market position, and potential disruptions.
Two tech stocks to watch are CrowdStrike Holdings Inc. (CRWD) and Meta Platforms Inc. (META). CrowdStrike focuses on cybersecurity services, recently announcing Falcon Complete Next-Gen MDR service for enhanced breach prevention.
Meta Platforms, formerly Facebook, reported strong second-quarter financial results with earnings of $5.16 per share and revenue of $39.07 billion. Meta is investing in metaverse technologies for immersive digital experiences.
Over the past five trading days, CRWD stock rebounded by 3.37%, while META stock pulled back by 4.32%. On Wednesday morning, CrowdStrike stock was up 3.50% at $239.79, and Meta stock was up 1.13% at $499.66.
Read more at Nasdaq: 2 Tech Stocks For Your August 2024 Watchlist