Scotiabank Maintains $400 Target on CrowdStrike Shares on S&P 500 Index Inclusion
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Stock futures fell on Monday as investors awaited comments from Federal Reserve speakers for clues on the U.S. economy and interest rates. Despite a strong month for the Dow Jones Industrial Average, S&P 500, and Nasdaq, e-commerce company Alibaba's shares jumped 14% after reporting strong Q3 earnings. On the other hand, cybersecurity firm CrowdStrike's shares fell 5% despite beating earnings estimates. Danish drug maker Novo Nordisk's shares also fell about 2% after a data analysis suggested a competitor's drug led to greater weight loss. The October effect, a theory that stocks decline in October, lacks supporting data.
Investing.com suggests that CrowdStrike is a stock to buy this week, as the information security specialist is expected to deliver strong earnings and guidance due to f...
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