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InvestTalk

InvestTalk 7-22-2024 – CrowdStrike Stock Plummets 13% After Massive IT Outage

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K Ratings

🗓️ 23 July 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

CrowdStrike shares tumbled 13% following a global cyber outage caused by a glitchy software update. The incident affected 8.5 million Windows devices worldwide, disrupting various industries and raising concerns about the company's reputation and future contracts. As CrowdStrike faces potential challenges, rival Sentinel One sees a surge in stock value, signaling a potential shift in the cybersecurity landscape.

 

Today's Stocks & Topics: SBSW - Sibanye-Stillwater Ltd. ADR, Investing Funds, CVE - Cenovus Energy Inc., Market Wrap, OVV - Ovintiv Inc., CrowdStrike Stock Plummets 13% After Massive IT Outage, ANGPY - Anglo American Platinum Ltd. ADR, WM - Waste Management Inc., FSM - Fortuna Mining Corp., SGOV - iShares 0-3 Month Treasury Bond ETF, China, CRWD - CrowdStrike Holdings Inc. Cl A, OPRA - Opera Ltd. ADR, OPRA - Opera Ltd. ADR.



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Transcript

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0:00.0

At a time when investors are confronted with market volatility and a variety of challenges

0:09.8

fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures.

0:17.0

Justin Klein stands ready to take your finance and investment questions and share his unbiased answers.

0:24.0

Invest Talk is made possible by KPP Financial, a registered investment advisor firm,

0:31.0

serving clients throughout the United States. The clarity for your

0:36.0

path forward starts now. Here is KPP Financial Chief Executive

0:42.1

Officer, Financial Financial, Chief Executive Officer,

0:43.0

Financial Advisor, Justin Klein.

0:46.3

Good afternoon fellow investors

0:49.4

and welcome back to Invest Talk.

0:51.4

This is our Monday, July 22nd 2024 edition I am Justin

0:56.3

Klein and my objective is the same each and every weekday and that's to help you

1:00.6

become a better investor.

1:03.5

That's what this is all about one lesson at a time,

1:07.3

and some people learn lessons the hard way.

1:09.6

Our job here is to help you learn them the easy way by avoiding the pitfalls that be

1:16.4

fail most average investors which is typically chasing returns using their

1:22.3

emotions to make decisions as opposed to facts on the ground and

1:26.0

that's what we are here to help you with is give you the facts that are on the

1:31.0

ground not allowing allowing your biases, we all have bias in some

1:36.7

way, but not allowing them to creep in to your decision-making process, at least as much as possible.

1:45.0

And that's why we're here to give you unbiased answers to your finance and investment questions.

...

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