According to CNBC, Deutsche Bank upgraded CrowdStrike to buy from hold, saying investors may be underestimating how much artificial intelligence could expand the cybersecurity market and CrowdStrike’s position in it. CrowdStrike shares fell amid weakness across cybersecurity stocks, with Check Point’s disappointing results likely weighing on the group. Jim Cramer called CrowdStrike a leader among cybersecurity companies and urged investors without a position to consider the stock.
Apple was set to report earnings after Monday’s closing bell. Jim Cramer reiterated his view that investors should own Apple rather than trade it, but said he was not predicting how the shares would react to results. Portfolio director Jeff Marks said the stock’s valuation had risen after a run-up since August. The earnings call was expected to provide more information about demand for the iPhone 18 Pro and iPhone Duo, as well as the effect of higher memory prices. The report was John Ternus’ first as CEO since taking over from Tim Cook on Sept. 1.