CrowdStrike Stock: 7 Straight Green Days, Up 11%
CrowdStrike (CRWD) stock has risen for 7 consecutive trading days, gaining 10.6% over that stretch. That added about $27.2 billion to the company’s market value, which now stands at about $284.3 billion. The stock closed at $278.86 on Tuesday, October 6, its highest close of the past year.
The Streak Next To The S&P 500
Returns for CRWD and the S&P 500 over the streak and the periods around it, all ending Tuesday, October 6 and including dividends:
| Return Period | CRWD | S&P 500 |
|---|---|---|
| 1 Day | 2.3% | 0.6% |
| 7 Days (Current Streak) | 10.6% | 1.0% |
| 1 Month (21 Trading Days) | 30.9% | 1.4% |
| 3 Months (63 Trading Days) | 45.9% | 4.8% |
| Year To Date | 138.0% | 15.2% |
| 1 Year (252 Trading Days) | 127.7% | 17.8% |
How The Streak Compares With The Market
The market explains little of this: the S&P 500 gained 1.0% over the same 7 sessions, including dividends, against CrowdStrike’s +10.6%. 3 other S&P 500 stocks are currently on winning streaks of 7 days or longer. Over the past three months the stock is up 45.9%, a window that includes the streak; over the other 56 sessions of that window it was up 31.9%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 24.3% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; and its operating margin is -2.2%, versus a median of 21.7%. At least one of the last four quarters was a loss, so a price-to-earnings multiple would not be a meaningful yardstick here. The read is mixed: revenue growth above the median on one side, an operating loss on the other.
If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.
For anyone who would rather back the theme than one company, a software ETF like IGV holds the whole group, not just this stock. It is still a concentrated bet on one theme, which is the gap the portfolio below is built to close.
One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Follow the story; invest in the strategy.