CNBC Investing Club: Cramer’s Morning Take on CrowdStrike 6/4/26

SPEAKER_1 (0:00)

Trading at Schwab is now powered by Ameritrade, bringing you an expanding library of education with even more ways to sharpen your trading skills. Access new online courses, insightful webcasts, articles, engaging videos and more. All curated just for traders. Plus, guided learning paths with content designed to fit your unique interests. And no sifting to find exactly what you need, so you can spend your time learning to trade brilliantly. Learn more at schwab.com/trading.

SPEAKER_2 (0:27)

You're listening to this podcast, so you've got a curious mind. Here's a helpful fact. Drivers who switch and save with Progressive save over $900 on average. Visit progressive.com to see if you could save on car insurance. Progressive Casualty Insurance Company and Affiliates. National average 12-month savings of $946 by new customers surveyed who saved with Progressive between June 2024 and May 2025 Potential savings will vary.

Jim Cramer (0:54)

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 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

Jim Cramer (1:16)

Well, let's talk about CrowdStrike because the stock is lower today after reporting last night, following in the footsteps of Palo Alto. But really, for some perspective, the decline brings you back to the last Thursday levels. But it was a clean quarter, beats all around, revs up 26%, adjusts DPS, beating by 3 cents. Sure, net new annual recurring revenue, a very slight beat. But I think really the focus should be on how in their full year guidance, and they're only one quarter in, they raise net new ARR much more than what the beat was.

And so that is indicating a lot of strength in the future, and the reason why is the inflection of engagement they're seeing from project mythos.

Jim Cramer (2:04)

Well, the reason why you want to buy it, and I think these tend, when you see this down, it tends to be another day, tomorrow's best, is mythos. The whole fear of mythos occurred at a particular juncture, the last two weeks of the quarter. That's when the phone started ringing. We know that from the Cache Aurora at Palo Alto.

You can't close deals in two weeks. I think this quarter is going to be gigantic. You want to buy this company ahead of the quarter. Now, again, I just want everyone to know the way institutions think. This is down this much because typically a company might have, you have a typical big account, may have three million shares across.

They don't only want to be in crowd strike. They think that something is wrong, which is not. So you can't go in right now and sell three million. You'll knock it down too much. So you sell all day. At the end of the day, you still may have 500,000. That's sold tomorrow morning at the opening, and that's when you buy.

SPEAKER_6 (3:07)

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_7 (3:39)

Introducing Fidelity Trader Plus with customizable tools and charts you can access across all your devices. Try our most powerful trading platform yet at fidelity.com/traderplus.

Investing involves risk, including risk of loss, Fidelity Broker Services LLC, member NYSE SIPC.