Oct 8, 2024, 11:15 PM
Oct 7, 2024, 8:51 AM

CrowdStrike's Decline: Insights from CNBC's Final Trades

Provocative
Highlights
  • Deckers Outdoor Corporation announced a six-for-one forward stock split and received attention due to a recent jobs report.
  • Citigroup entered a $25 billion private credit and direct lending program with Apollo Global Management to enhance access for corporate clients.
  • The overall market response was positive, with gains in stock prices for Deckers, Citigroup, Ares Management, and CrowdStrike.
Story

In the United States, several companies were highlighted during CNBC's 'Halftime Report Final Trades' segment. Deckers Outdoor Corporation was mentioned by Rob Sechan of NewEdge Wealth, particularly in light of a recent jobs report and a six-for-one forward stock split approved by shareholders on September 13. Jim Lebenthal from Cerity Partners recommended Citigroup, which recently entered a $25 billion private credit and direct lending program with Apollo Global Management, aimed at enhancing access to private lending for corporate clients. Jason Snipe of Ares Management Corporation expressed optimism about Ares Management, citing favorable secular trends, while Stephanie Link from Hightower Advisors noted that CrowdStrike is still down 26% from its highs despite a recent expansion of its Marketplace. The stock performances on the day of the report showed positive movements for Deckers, Citigroup, Ares Management, and CrowdStrike, indicating a generally favorable market response to these developments.

Opinions

You've reached the end