U.S. Markets closed
  • S&P 500

    4,076.60
    +58.83 (+1.46%)
     
  • Dow 30

    34,086.04
    +368.95 (+1.09%)
     
  • Nasdaq

    11,584.55
    +190.74 (+1.67%)
     
  • Russell 2000

    1,931.94
    +46.22 (+2.45%)
     
  • Crude Oil

    79.11
    +1.21 (+1.55%)
     
  • Gold

    1,943.80
    +4.60 (+0.24%)
     
  • Silver

    23.83
    +0.10 (+0.41%)
     
  • EUR/USD

    1.0870
    +0.0013 (+0.1196%)
     
  • 10-Yr Bond

    3.5290
    -0.0220 (-0.62%)
     
  • Vix

    19.40
    -0.54 (-2.71%)
     
  • GBP/USD

    1.2320
    -0.0034 (-0.2735%)
     
  • USD/JPY

    130.0990
    -0.2590 (-0.1987%)
     
  • BTC-USD

    22,891.45
    +110.17 (+0.48%)
     
  • CMC Crypto 200

    520.17
    +1.37 (+0.26%)
     
  • FTSE 100

    7,771.70
    -13.17 (-0.17%)
     
  • Nikkei 225

    27,327.11
    -106.29 (-0.39%)
     

Top Stock Picks for Week of June 6, 2022

CrowdStrike CRWD is a leader in next-generation endpoint protection, threat intelligence and cyberattack response services.CrowdStrike is benefiting from the rising demand for cyber-security solutions owing to the slew of data breaches and increasing necessity for security and networking products amid the COVID-19 pandemic-led remote working trend. Continued digital transformation and cloud-migration strategies adopted by organizations are key growth drivers. CrowdStrike’s portfolio strength, mainly the Falcon platform’s 10 cloud modules, boosts its competitive edge and helps add users. Additionally, strategic acquisitions, like that of Humio and Preempt, are expected to drive growth for the company. The stock has outperformed the industry over the past year.

The company reported first-quarter fiscal 2023 non-GAAP earnings that beat the Zacks Consensus Estimate. CrowdStrike has a strong balance sheet with ample liquidity position and no debt obligations.

Amazon.com AMZN is one of the largest e-commerce providers, with sprawling operations in North America, now spreading across the globe.Amazon is gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Further, strengthening relationship with third-party sellers is a positive. Also, growing momentum across Amazon Music is contributing well. Additionally, strong adoption rate of AWS is aiding the company’s cloud dominance. Also, expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. Further, robust Alexa skills and expanding smart home products portfolio are positives. Additionally, the company’s strong global presence and solid momentum among the small and medium businesses remain tailwinds. Amazon is the leading provider of cloud infrastructure as a service to enterprise customers. Amazon is also gaining strong momentum in the music streaming market on the back of its expanding global footprint.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
CrowdStrike (CRWD) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research