To kick off September, investors have three hot stocks to consider.
The steep sell-off in SaaS ended a few weeks ago. Cybersecurity stocks rose amid the rebound but have more upside ahead. CrowdStrike (CRWD), which traded as low as $100 in April, closed at $231.
CRWD stock traded at a 52-week high after it announced a new AI Partner Specialization. That would expand its ecosystem that secures enterprise AI deployments. Partners have new ways to build and deliver their AI-powered security products.
On August 27, CRWD broke out after it posted strong Q2 results. It earned $0.31 a share (non-GAAP) on revenue of $1.47 billion (+25.6% Y/Y).
Tesla (TSLA) touched a 52-week low of $297.38 in late July. Since then, shares rose nearly daily. The uptrend in the month was followed by TSLA stock adding 5.51% on Monday. Bulls are pricing in a euphoric reaction to its upcoming Cybercab robotaxi event on September 3.
Google’s (GOOG) Waymo has more advanced technology and test hours for self-driving. Nevertheless, Tesla’s brand strength should boost the Cybercab’s total addressable market size.
SanDisk (SNDK) blipped up by 5.5% on Monday. At $1,566.70, the stock price is well below the $2,354.39 high. SNDK stock offers strong value, growth, and profitability. The stock momentum is strengthening. A breakout might follow.
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