What's behind an 'explosion of buying' Tuesday, including the rally in GE Vernova
Article excerpt
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 is higher for the fourth straight session Tuesday and on pace for its first record close since Aug. 13. The Nasdaq is also in the green, looking to build on the all-time closing high the tech-heavy index reached Monday. "Yesterday I talked about the idea that interest rates were actually going up when oil was actually going down. Today it's a little bit more in sync," Jim said, with oil down almost 2% and bond yields calm. "What happens is you get this explosion of buying going into the market." 2. One of our names seeing plenty of buying is CrowdStrike, which is up almost 3% and hit a fresh all-time high. CEO George Kurtz joined Jim earlier Tuesday on CNBC's "Squawk on the Street," and he made the case that CrowdStrike's business was broadening from providing cybersecurity defense into the domain of AI safety. "And that's a new market," said portfolio director Jeff Marks. Jim noted that in the era of companies deploying AI agents to operate autonomously, there needs to be third-party organizations providing protection. That's where CrowdStrike and fellow Club name Palo Alto Networks come into play. Also mentioned was Okta, an identity-focused security provider, as a name outside the portfolio that's crucial...
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It both serves existing reactors and is developing a next-generation type of nuclear technology called small modular reactors.
