The stock market moved higher on Thursday as investors assessed from major companies, such as Meta Platforms (META), Tesla (TSLA), and Microsoft (MSFT).
Overall, S&P 500 increased 0.5% to 6,071, while NASDAQ rose 0.3% to 19,682.
Tweet of the Day
This has rocked the stock market, as if companies spending big on AI basically wasted their money. https://t.co/fbYJxNCRpB
— David Sharek (@GrowthStockGuy) January 27, 2025
Chart of the Day
Here is the ten-year chart of Palo Alto Networks (PANW) as of December 30, 2024, when the stock was at $184.
In last quarter’s earnings call, Palo Alto Networks management stated that they saw particular strength in their Next-Generation Security (NGS) products and services that help organizations protect their users and data from cyber threats. NGS Annual Recurring Revenue grew 40% last quarter, and management expects 31% to 32% growth for Fiscal 2025. Analysts estimate total company revenue to rise 14% this year.
PANW is part of our Growth Portfolio.
