Today is Friday, April 8, 2022.

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CrowdStrike Gets DoD Blessing

Shares of CrowdStrike (Nasdaq: CRWD) jumped 3.19% in after-hours trading on Thursday after the cybersecurity company received special authorization from the Department of Defense (DoD).

Details: CrowdStrike announced late Thursday that it was granted a Provisional Authorization to Operate (P-ATO) at Impact Level 4 (IL-4). This allows CrowdStrike to deploy its Falcon cybersecurity platform for a range of DoD customers.

Future: The company also announced that it is working towards attaining a DoD Impact Level 5 (IL-5) P-ATO, which would result in more authorization and customers.

Partnership: Crowdstrike’s stock also benefited from a new partnership with cybersecurity firm Mandiant (Nasdaq: MNDT), which was also announced Thursday.

Numbers: Shares of CrowdStrike are down about 11% in the past six months, but have surged 38% in the last 30 days.

Final Thoughts: How will cybersecurity stocks perform if Treasury yields climb?

Notables

Notable Earnings Today: Corus Entertainment (OTCMKTS: CJREF), Kewpie (OTCMKTS: KWPCY).

Notable IPOs Today: FutureTech II Acquisition Corp. Class A Common Stock (Nasdaq: FTII), QSAM Biosciences, Inc. Common Stock (Nasdaq: QSAM).

Notable Equity Crowdfunding Campaigns Ending Today: Tapville (StartEngine), Parknav (Wefunder), GACW (StartEngine), Unlocked Reality (Netcapital), Local Culture (SMBX).

Notable Economic Events Today: WASDE Report (12:00 p.m. ET).

Avalanche Soars 7% With Major Support

Photo by micheile .com / Unsplash

The cryptocurrency Avalanche jumped nearly 7% on Thursday on news that two organizations are throwing their support behind the digital coin.

Details: Crypto organizations Luna Foundation Guard and Terraform Labs each announced that they were buying $100 million in Avalanche for a total of $200 million.

Background: Avalanche is a decentralized, open-source proof of stake blockchain that was released in 2020.

Numbers: The digital currency reached an all-time high of $134 back in November. But similar to other cryptos, it later declined. It has been slowly climbing again these past two months.

Final Thoughts: Meanwhile, other cryptos had a decent Thursday with increases of about 1%-2%.

3 Potential Stock Splits

Here are three companies that could potentially have a stock split in the future, based on nothing but guesses.

Book It: Booking Holdings (Nasdaq: BKNG) currently trades for over $2,200 per share. And with the travel sector trying to come back in 2022, this might be the time for a stock split.

Shopping: Shopify (NYSE: SHOP) has a stock price of about $640 per share and the stock has been down over the last 12 months. This might be a good time for the e-commerce giant to announce a stock split.

Grilled: Chipotle Mexican Grill (NYSE: CMG) has a stock price of about $1,540 per share. The stock has dipped lately. This might be a good time to have a stock split and bring on new investors.

Final Thoughts: None of these companies have indicated that they will have a stock split. These are just predictions.

Trends to Watch

The State of Trucking: Walmart Dangles $110,000 Starting Pay to Lure Truck Drivers (The Wall Street Journal)

Streaming is About to Change: The Future of Streaming According to Jason Kilar (Vulture)

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