Stocks to Watch: Strategy Inc, CrowdStrike, Best Buy, Credo Technology, and Tesla

On a challenging trading day, U.S. stocks saw a decline as President Donald Trump's tariffs on key trading partners went into effect. This situation amplified tensions surrounding global trade, contributing to a dip in stock prices. The Dow Jones Industrial Average decreased by 1.55%, settling at 42,520.99. Meanwhile, the S&P 500 saw a 1.22% drop, ending the day at 5,778.15, and the Nasdaq Composite fell 0.35% to 18,285.16, inching closer to correction territory.

Despite the overall market downturn, several specific stocks managed to attract interest from retail traders and investors. Here’s a closer look at how these stocks performed:

Strategy Inc. (NASDAQ: MSTR)

The stock for Strategy Inc. rose by an impressive 9.66%, closing the day at $275.15. During trading, it reached an intraday high of $293.04, while its low was $237.01. Over the past year, the stock reached a high of $542.99 and a low of $101. The company's decision to maintain its Bitcoin (BTC/USD) holdings and to declare a quarterly cash dividend on preferred stock has positively impacted investor sentiment.

CrowdStrike Holdings Inc. (NASDAQ: CRWD)

CrowdStrike’s shares climbed by 1.94%, finishing at $390.16. The stock registered an intraday high of $396.16 and a low of $370.58, with a 52-week range showing a high of $455.44 and a low of $200.81. The company reported impressive quarterly earnings, exceeding expectations for revenue and earnings per share (EPS). The fourth-quarter revenue hit $1.058 billion, surpassing the consensus estimate of $1.032 billion.

Best Buy Co., Inc. (NYSE: BBY)

In contrast, Best Buy faced a significant decline, with its stock price dropping nearly 13.30% to close at $75.20. The intraday trading had a high of $80.13 and a low of $72.92, while its 52-week high and low are $103.71 and $69.29, respectively. CEO Corie Barry raised concerns about potential price increases due to the new tariffs impacting goods primarily sourced from China and Mexico.

Credo Technology Group Holding Ltd. (NASDAQ: CRDO)

On a brighter note, Credo Technology saw its stock price increase by 7.74%, closing at $54.32. The stock reached an intraday high of $55.87 and dipped to a low of $48.40. Its 52-week high of $86.69 contrasts with a low of $16.82. The company reported better-than-expected third-quarter results, with earnings per share of 25 cents, surpassing the consensus estimate of 18 cents.

Tesla, Inc. (NASDAQ: TSLA)

Tesla’s stock, however, fell by 4.43%, ending the day at $272.04. Following an intraday high of $284.35 and a low of $261.84, the stock's performance fell short of its 52-week high of $488.54 and a low of $138.80. The company’s sales in China showed a troubling trend, with a reported 49.2% drop in February for its China-made electric vehicles, totaling 30,688 units sold, according to data from the China Passenger Car Association.

Investors are understandably focused on these stocks as they navigate the fluctuating market conditions shaped by both economic indicators and corporate performance.

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