CrowdStrike

CrowdStrike (CRWD) stock is will bad ball joints cause vibrationanother 2020 winner, gaining 68% year-to-date, and is currently hovering near its all-time highs. This security software company has experienced an upside catalyst in the wake of the pandemic. The company is expected to lose -$0.06 per share on 165.3 million in revenue. This compares to a loss of $0.08 per share in the prior quarter. The trend in the forecast for earnings has improved by 25% over the past 30-days.

The stock price is at an all-time high, and better than expected guidance should continue to buoy the shares. The company is in a good spot as many companies have gone virtual and will need experts in security to make a home office work in conjunction with work offices.

Dick’s Sporting Goods Inc.

Dick’s (

DKS

) is expected to report earnings on Tuesday, June 2, 2020. Expectations are for the company to lose $0.36 per share on 1.49 billion in revenue. This compares to $1.22 in the prior quarter. Growth estimates are expected to decline by 155%. Earnings forecasts have come down from $0.03 per share to -0.36 per share over the past 30-days.

Sporting goods have underperformed during the quarantine. Consumers have focused on essentials which include groceries and alcohol. As restrictions continue to become relaxed, Dick’s should begin to outperform. A better than expected number should allow the stock price to clear the 200-day moving average and begin to trend higher.

This

article

was originally posted on FX Empire

More From FXEMPIRE:

Forex Forecast for June – Dollar, Euro, JPY and GBP in Focus

USD/CAD Daily Forecast – Canadian Dollar Continues Its Upside Move

Oil Mixed As Traders Wait For Clarity On Production Cuts

Silver Markets Show Signs of Exhaustion at Major Resistance Barrier

USD/JPY Price Forecast – US Dollar Continues to Find Buyers Against Yen

E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Straddling Major Fib Level at 25144

View comments