CNBC Investing Club: Cramer’s Morning Take on CrowdStrike 3/4/26

SPEAKER_1 (0:00)

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SPEAKER_3 (0:31)

Right? And the best part? They accept Discover.

SPEAKER_4 (0:33)

Accept Discover? In a little place like this? I don't think so, Jennifer. Oh, yeah.

SPEAKER_3 (0:39)

Discover is accepted where I like to shop. Come on, baby. Get with the times.

SPEAKER_4 (0:43)

Right. So we shouldn't get the parachute pants?

SPEAKER_3 (0:47)

These are making a comeback. I think. Discover is accepted at 99% of places that take credit cards nationwide. Based on the February 2025 Nielsen Report.

Jim Cramer (1:00)

Jim Cramer here to share a short preview of my take on the market from today's Members Only CNBC Investing Club Morning Meeting. Join the club for full access to the morning meeting every day at 10:20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take. Well look, I do think that when you read the news stories, it's very hard because as I said in some of my pieces yesterday and the pieces this weekend, what happens is you have a day where we look great, a day we look bad. And then yesterday, they just didn't have many drones shot at the US and Israel. And there's a belief that maybe they were too confident, the Iranians, and don't have as many missiles and as many drones. And if that's the case, then oil goes down. And we do come up with a bounce back of some proportions because we have some companies like CrowdStrike that really did have good quarters. Not everything's being destroyed by Anthropic, by the way. This stock's holding in. That's an unusual pattern. When we have these breaks, like a MongoDB, they just spend the whole day going down. So let's watch that. I actually am quite emboldened. I think if you're done on CrowdStrike, I think it's a good chance.

Jeff Marks (2:16)

The quarter was great, clean. ARR, annual recurring revenue, crosses over five billion. Net new ARR, how much new business they won in the quarter. 331 million, above estimates of 304 million. George Kurtz laid out the case, why AI will be an accelerant to the business, not a disruptor. Talked about how in security you can't have hallucinations. You can't prompt twice, first time's final. I thought that was a good comment. Also pointed out how the data mode creates a structural advantage. Guidance for the new quarter was solid. Maybe we're not seeing the material lift yet from AI, although they did talk about identity accelerating.

Jim Cramer (2:59)

I would have loved to see a dramatic raise because of AI. We did not get that. And that does matter to me. I want to see that.

SPEAKER_4 (3:08)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy. To view the full CNBC Investing Club Disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_2 (3:40)

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