Pinterest (PINS) is a stock to watch today. The stock is attracting buyers at the $30 level. In the last eight quarters, the firm grew its user base.
Pinterest is driving engagement by making its platform shoppable. This drives the action to buy at online stores. Additionally, the site curates user behavior, which it feeds to its AI. As a result, Pinterest is seeing improvements in the relevancy of its recommendations.
CrowdStrike (CRWD), a cybersecurity firm, bottomed at nearly $200 to close at around $300. The company committed to an annual recurring revenue of $10 billion. It will increase its revenue by selling identity protection. This would add between $1 billion and $1.5 billion in revenue.
In the drugstore sector, Walgreens Boots (WBA) shows no signs of bottoming. The stock closed near a multi-decade low. On September 13, the firm sold its 11.62 million shares in BrightSpring Health Services (BTSG) to KKR (KKR).
Mobileye (MBLY) is forming a bottom after bouncing from $11 last week. Intel (INTC) said that it did not plan to sell its majority interest in the firm. Bears are in control, however. They hold an 11.77% short interest in the stock.
Intel needs to post strong PC CPU chip sales after its launch in October. When its cash flow improves, it may start selling its MBLY stock position. That could lift INTC stock, similar to General Electric (GE) after the break-up.