CrowdStrike $CRWD reported earnings Tuesday after the market closed.

While the results were objectively strong, the stock was met with a negative reaction in Wednesday’s session.

This marked the 3rd straight quarter where a double beat was followed by selling pressure.

On paper, the company is doing what investors should want.

Recurring revenue continues to climb, margins are expanding, and customer adoption remains healthy across multiple segments. 

Management once again delivered better-than-expected numbers, reinforcing their status as one of the most reliable compounders in enterprise software.

Yet the market wasn’t in the mood to reward them.

Some of that may come down to high expectations. 

Because the stock has performed so well in recent years, anything less than perfection can spark a short-term pullback.

There may also be concerns about moderating growth rates or cautious guidance. 

But zooming out, the fundamental story hasn’t changed. 

This company continues to dominate endpoint protection, build out a broader cybersecurity platform, and win market share...

In today’s Daily Digest, we’ll review the following:

1. New position in IGV.
2. No adjustments since the last report.
3. Closed IBB at Profit Target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Mind the Gap!

As feared, Gap was a sell-the-news moment, with shares crumbling 20%, dragging the Round-10 Portfolio to its first, and only, down week of the month.

Up 10% since March 20 and finding opportunities for the back half of the year!

Every day, we sift through the filings to spot where the real conviction lies – cutting through the noise to highlight the most meaningful insider moves.

Here's what stood out today:

📌 ORIC Pharmaceuticals $ORIC – Steve Cohen’s Point72 just revealed a 5.1% passive stake.

This new 13G filing suggests they're positioning early in a beaten-down biotech, possibly ahead of a catalyst.

📌 Illinois Tool Works $ITW – Director David Byron Smith Jr. reported a purchase of 7,000 shares, equivalent to $210,000.

Here’s The Hot Corner, with data from June 4, 2025:

Click the table to enlarge it.

📌 Texas Capital Bancshares $TCBI – Director Robert Stallings just stepped in revealing a $138,000 buy.

📌 First Busey Corp $BUSE – Director Stanley Bradshaw...

Today's number is... 10

The NYSE FANG+ Index, made up of 10 large-cap growth stocks, just closed at new all-time highs.

Here’s the chart:

Let's break down what the chart shows:

• The black line shows the price of the NYSE FANG+ Index.
• The red line is the 200-day moving average of the index.
• The blue line is the 50-day moving average of the index.

The Takeaway: The NYSE FANG+ Index tracks some of the biggest and most important tech names in the market. 

Think Microsoft, Apple, Amazon, and NVIDIA. 

These are the companies that tend to lead when the market is strong.

Since bottoming in November 2022 during the cost-of-living crisis, this index has been marching higher in a polite, stair-stepping fashion.

Breakout, pause, repeat.

Now they’ve broken out again — this time to record highs.

That’s not all.

The 50-day moving average just crossed above the 200-day moving average. That’s a golden cross. It’s a bullish signal. It tells us the trend is...

Stocks have pushed higher despite growing economic uncertainty fueled by rising tariffs.

Now that the rebound is in motion, the key question is whether the market will sustain this rally or pause to retest previous highs.

A prime example is the Technology sector ($XLK), arguably the most critical in the U.S. It’s currently pressing against a significant overhead supply level.

We expect tech—and the broader market—to respect these resistance points. Any consolidation here would set the stage perfectly for a decisive breakout toward new all-time highs.

Sign up for my free note here.

Aerospace and Defense stocks have been on an absolute tear these days.

This group has quietly become one of the strongest pockets within Industrials, showing serious leadership and momentum.

But the real fireworks are coming from European names. These stocks have been stealing the show lately.

We put together our own equally weighted index to track Europe’s core defense and aerospace leaders.

Check it out:

Since breaking out of a base in late 2023, this index has basically gone vertical.

These aren’t just big names — they’re the backbone of Europe’s military-industrial complex, chosen from countries that matter most on the geopolitical stage:

...

The analyst team is serving up all kinds of scans these days. Technical scans, fundamental scans, sentiment scans, a little bit of everything. These guys are really having a blast. 

But they are just trying to make the most out of this bull market. They know how this works.

So, we’ve been scanning for speculative growth, international leadership, mega trends, rotation extremes, fading analysts and short-sellers,… we’ve even been running scans on warrants.

We’re going to keep sharing more and more of them each week.

But the scan of the week has to be the Matt Warder-inspired Metals, Mining & Minerals Leaderboard.

Matt has become a dear friend of All Star Charts over the years and was just with us a few weeks ago out in New Orleans. We are truly blessed as Matt has some of the deepest knowledge of natural resource stocks of anyone in the business, with a focus on minerals. 

When he came on the Morning Show the other day, he dropped as much alpha in 30 minutes as any guest ever has. We must...

From the desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.

When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...

The difference in the stocks of WMT and TGT is pretty amazing.

When we take a look at the ratio of WMT/TGT we can see a parabolic lift off in WMT versus TGT. Frankly, WMT has crushed TGT in the recent past.

Take a look at the ratio - big target for the ratio. Will that signify some relief for TGT and, potentially, some rotation out of WMT?

Some NICE targets across the board in which to see if this plays out.

For the full post please see: https://bartscharts.com/2025/06/04/wmt-and-tgt/

One of the best parts about building a trading community isn’t just sharing my own ideas—it’s seeing others take those ideas and make them even better.

Case in point: Yesterday, I closed out a call calendar spread in $AVGO for a solid win. The trade worked—price moved up into my strikes, and I took the profit. Mission accomplished.

But then a member of my All Star Options community shared what he did instead… and honestly, it might’ve been the better play.

Here’s what he wrote:

“I couldn’t bring myself to fully exit AVGO given the price action and breakout over the December highs, so I closed the short position, paid for it by selling a portion of the longs, plus enough more to put me in free ride mode, guaranteeing a 30% gain. What remains is currently double the buy-in for the original spread…”

Brilliant.

Instead of just locking in the profit like I did, he saw continued momentum and structured a creative way to both guarantee a gain and keep a position on for more upside—all while removing his risk....

(IYKYK)

I love finding stocks that are under the radar, but are starting to get noticed, quietly. That's what my team's Under the Hood report uncovers, and today's trade comes from the most recent release.

We're getting involved early, before the masses catch on and send this stock back to yearly highs, which would be a nice ride from here.

In today’s Daily Digest, we’ll review the following:

1. New position in ARKK
2. No adjustments since the last report.
3. Closed GLD campaign.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Latest Portfolio Updates!

Click here to see the latest breakdown of the RoundUp10 and HotMom Index.

The spread between valuations between classes of retailers has never been higher and shows no signs of contracting. The looming oligarchy in retail. 

Plus, 5 Below preview: Is this the most Tariff Exposed Company on Earth?