The market climbed on Tuesday, driven by gains in technology stocks, as the S&P 500 and NASDAQ hit fresh record highs. At the same time, oil prices eased, helping to temper inflation worries.
Overall, S&P 500 rose 0.8% to 7,259, while NASDAQ jumped 1.0% to 25,326.
Chart of the Day
Here is the one-year chart of Rubrik (RBRK) as of March 19, 2026, when the stock was at $51.
Rubrik is an emerging cybersecurity company focused on safeguarding global data. Its core mission includes building guardrails for AI agents that can access vast amounts of corporate data, as well as enable quick recovery from cyberattacks. This young company has a nice niche, but we wonder if bigger cybersecurity companies will emulate Rubrik.
The company posted strong results last quarter. Analysts had anticipated a $0.11 per-share loss, and RBRK reported a $0.04 profit. Revenue growth was projected at 33%, yet Rubrik achieved 46%. These excellent results were driven by rapid expansion in subscription and cloud-based services.
Management highlighted momentum in AI-driven data security and cyber resilience, with subscription annual recurring revenue (ARR) growing 34% last quarter. However, despite these solid results, RBRK stock fell from $91 to $51 during the past quarter.
RBRK is on the radar for the Growth Portfolio.
