1 minute ago

CrowdStrike (CRWD) shares lost ground Wednesday after surging to a record high Tuesday following news of a cyber attack against Chinese AI startup DeepSeek.

Since the 50-day moving average (MA) crossed back above the 200-day MA in late November to form a golden cross, CrowdStrike shares have consolidated within a rectangle formation, a chart pattern that signals a continuation of the stock’s longer-term uptrend.

The price staged a decisive volume-backed breakout above the pattern’s upper trendline on Tuesday, which also points to further upside. While the relative strength index (RSI) confirms bullish price momentum with a reading above the 70 threshold, it also places the indicator in overbought territory, increasing the possibility for short-term profit-taking.

CrowdStrike shares were down nearly 4% at around $392 in mid-afternoon trading Wednesday.

Read the full technical analysis piece here.

-Timothy Smith

1 hr 14 min ago

Shares of Trump Media and Technology Group surged Wednesday morning after U.S. President Donald Trump's media company announced its first move into the world of financial services.

Trump Media (DJT), which owns Truth Social and a streaming service, said Wednesday that its board has approved a financial services strategy that includes a new product and new investments.

The company said it will launch a platform called Truth.Fi, and also invest $250 million of its roughly $700 million in assets to be handled by investment manager Charles Schwab (SCHW). The funds will diversify Trump Media's assets, and be allocated to a variety of investments like exchange-traded funds or cryptocurrency, the company said.

The company plans to launch Truth.Fi sometime this year, as the company's "new agreements are consummated, funding levels are determined, and any necessary approvals by financial regulators are secured." Schwab will "broadly advise" on the Truth.Fi investments that will likely be focused on American manufacturing and energy companies, Trump Media said.

In the weeks following his election victory, Trump placed his shares in the media company in a revocable trust, regulatory filings showed.

Trump Media shares were up around 8% Wednesday. Despite the gain today, the stock is down about 5% since the start of the year.

2 hr 51 min ago

Shares of F5 (FFIV) traded at an all-time high Wednesday, a day after the cloud-solutions provider posted record results and strong guidance on increasing market demand.

The company reported fiscal 2025 first-quarter adjusted earnings per share (EPS) of $3.84, with revenue climbing nearly 11% year-over-year to $766 million. Analysts surveyed by Visible Alpha were anticipating $3.37 and $715.3 million, respectively.

Software revenue jumped 22% to $209 million, systems revenue added 18% to $160 million, and revenue from global services was 3% higher to $398 million.

The company expects full-year adjusted EPS increasing 6.5% to 8.5%, up from its previous estimate of 5% to 7% growth. It sees revenue growth of 6% to 7%, compared with the earlier forecast of a 4% to 5% rise.

F5 shares were up 11% at around $300 in recent trading. The stock has gained about 60% over the past 12 months.

-Bill McColl

3 hr 38 min ago

Shares of T-Mobile US rose Wednesday morning after the telecommunications company reported strong fourth-quarter results.

T-Mobile (TMUS) reported $2.98 billion, or $2.57 per share, in net income on $21.87 billionin revenue for the final quarter of 2024. Analysts had expected $2.63 billion, or $2.26 per share, in profits on $21.31 billion in revenue, according to estimates compiled by Visible Alpha.

CEO Mike Sievert said that T-Mobile had its lowest full-year churn rate for postpaid phone subscribers on record, and said it recorded its third straight year of at least 3 million postpaid phone net additions. The company recorded 903,000 postpaid phone net additions and 428,000 net internet customer additions, above the 859,810 and 402,000, respectively, that analysts had expected.

T-Mobile expects to record 5.5 million to 6 million net new customers in 2025, but did not provide a profit forecast because of the "high variability and difficulty in predicting" factors like tax expense and interest expense, which affect net income.

T-Mobile joins telecommunications rivals AT&T (T) and Verizon (VZ), which each topped estimates in their own fourth-quarter results over the last week.

T-Mobile shares were up 8% in recent trading. The stock has gained nearly 50% over the past 12 months, about double the S&P 500's increase over the period.

-Aaron McDade

4 hr 11 min ago

U.S. equities took a bruising to kick off the week, but with yesterday's gains the major indexes are all near record highs and on pace to post gains for the month.

The Dow enters Wednesday's session just 0.4% away from an all-time closing high, while the S&P 500 is 1% below its record close set last Thursday. The Nasdaq Composite is 2.2% away from its record closing high.

With three trading days remaining in the month, the Dow is up 5.4% so far in January, while the S&P 500 and Nasdaq have gained 3.2% and 2.2%, respectively. The Dow and S&P both posted losses in December, while the Nasdaq is riding a two-month winning streak.

4 hr 50 min ago

Apple (AAPL) shares were losing ground in premarket trading Wednesday after two straight days of solid gains.

While AI-linked stocks tumbled to start the week on news that a sophisticated AI model developed by Chinese startup DeepSeek can compete with leading American models at a fraction of the cost, Apple shares climbed as investors concluded it wasn’t all bad news for the iPhone maker.

After setting a record high in late December, Apple shares retraced as much as 16% before finding support early last week around the 200-day moving average.

Apple shares broke above a key resistance area of $235 on Tuesday, and investors should keep a close eye on the $260 level. Key support levels are near $218 and $207.

Shares were down nearly 2% at around $234 in recent trading.

Read the full technical analysis piece here.

-Timothy Smith

5 hr 20 min ago

Futures tied to the Dow Jones Industrial Average were down less than 0.1%.

S&P 500 futures were flat.

Nasdaq 100 futures were up 0.3%