CRWD - A Bull Market Is Coming: 1 Hot Nasdaq Stock to Buy Before It Jumps 76% According to Wall Street
2023-04-19 10:12:47 ET
Shares of CrowdStrike (NASDAQ: CRWD) are in recovery mode this year, jumping about 27% thanks to a broader rally in technology stocks fueled by cooling inflation.
The tech-heavy Nasdaq-100 index is up 19% so far in 2023, and it could head higher as the latest Consumer Price Index (CPI) report shows that inflation continued to cool in March. The CPI increased 5% year over year for March 2023, down from the 6% jump seen in February. The month-over-month increase stood at 0.1% in March, down from the 0.4% increase in February. Both measures were better than analyst expectations.
The cooling inflation and the possibility that the Federal Reserve could pause interest rate hikes could return the Nasdaq back into a bull market territory. That's the reason why investors who haven't bought CrowdStrike stock yet should consider acting quickly as its hot rally could intensify.
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A Bull Market Is Coming: 1 Hot Nasdaq Stock to Buy Before It Jumps 76%, According to Wall Street