4 Stocks Performing Better than Big Tech
Fundamental and Technical View: CRWD - NOW - SNOW - HOOD
When investing in the stock market, it is worthwhile to have a view of the overall market to get a better sense of what is happening. Hence, the SmartReversals site has a fundamental analysis library with over 40 companies listed in the S&P 500, to help capture opportunities. For access, click here.
After the recent bear market, (or the recent lows if you prefer), several companies are bouncing faster than most of the Magnificent Seven (GOOG, AMZN, META, TSLA, NVDA, and AAPL. MSFT is the one outperforming), which is why the Weekly Compass includes PLTR and NFLX in addition to the seven tech giants. For access, click here.
Today, I will dedicate this publication to analyzing four companies that are bouncing or breaking out in a way that is worth watching. If you like this open-access publication, please like and repost it; even the heart sign in an email works as a like for Substack, where the SmartReversals’ site is hosted.
Let’s begin.
CrowdStrike Holdings, Inc. is an American cybersecurity technology company that has become a prominent name in protecting organizations against modern cyber threats. Founded in 2011, it is headquartered in Austin, Texas. At its core, CrowdStrike is known for its Falcon platform, which is a cloud-native endpoint protection solution.
CrowdStrike: Securing the Digital Frontier and Defining the Future of Cybersecurity
CRWD is shaping the landscape of modern cybersecurity. The digital world is expanding at an unprecedented rate, and with it, the attack surface for malicious actors. Cybersecurity is no longer a niche IT concern but a fundamental pillar of business resilience, national security, and individual safety. In this high-stakes environment, CrowdStrike has emerged as a recognized leader, primarily through its groundbreaking Falcon platform. This cloud-native platform offers a comprehensive suite of solutions protecting endpoints, cloud workloads, identities, and data, making it an indispensable tool for organizations navigating the complexities of the modern threat landscape.
The company's strategic importance is further highlighted by its consistent financial momentum. For its first quarter of fiscal year 2025 (ended April 30, 2024), CrowdStrike reported total revenue of $921.0 million, a 33% increase year-over-year, with Annual Recurring Revenue (ARR) growing 33% to reach $3.65 billion. This robust growth, coupled with record operating and free cash flow, demonstrates strong market adoption and customer trust in CrowdStrike's capabilities. Customers are increasingly standardizing on the Falcon platform, evidenced by high module adoption rates—as of Q1 FY25, 65% of customers used five or more modules, showcasing the platform's depth and stickiness.
Navigating the Evolving Threat Landscape with Innovation
Recent strategic initiatives underscore CrowdStrike's commitment to growth and market leadership. The Falcon Flex licensing model offers customers greater adaptability, while expanded partner programs aim to accelerate ecosystem success. Furthermore, achieving FedRAMP High certification opens significant opportunities within the U.S. federal government sector, a critical area for cybersecurity enhancement. Even recent operational adjustments, such as a targeted reduction in workforce in May 2025, were framed as part of a broader strategy to scale the business efficiently towards a $10 billion ARR goal, while continuing to invest in customer-facing and product-engineering roles.
Charting a Dominant Future in Cybersecurity
The future for CrowdStrike appears bright, driven by several key factors. The overall cybersecurity market continues to expand rapidly, with CrowdStrike estimating its Total Addressable Market (TAM) to reach $116 billion in 2025 and potentially $250 billion by 2029. This vast market provides ample runway for growth.
Innovation remains central to CrowdStrike’s strategy. The continuous development of its AI-powered platform, including next-generation SIEM, cloud security, and identity protection—which collectively surpassed $1.3 billion in ending ARR as of Q4 FY25—positions the company to address the most pressing security challenges.
Technical Analysis
The Stock retraced once the upper Bollinger Band was breached in February, the pullback found support in the lower one, bouncing creating a potential cup with handle formation that as of today recovered the annual $435.3 level. Considering that the higher band is widening, clearing the space for more upside, and the fundamentals are promising, $515.6 is a reasonable price target for the coming months. The Stochastic curling down makes perfect sense with “the handle” of the cup that has formed so far. A buying opportunity at a lower price may or may not come, but for now the fundamentals and technicals support upside. $431 is the level that if lost, a pullback could be considered in progress.
For educational content about Bollinger Bands, click here.
Snowflake Inc. (NYSE: SNOW) has established a significant presence in the cloud data sector with its comprehensive Data Cloud platform. Founded in 2012, the company provides a sophisticated infrastructure for modern data management and analytics.
Snowflake's Q4 Performance Signals Stability and Potential Acceleration, Underpinned by Core Platform Strengths
Snowflake reported a solid fourth quarter, with financial results and an operational outlook suggesting sustained momentum as the company progresses into Fiscal Year 2026. This performance offers a current snapshot of its market standing, which is deeply rooted in the architecture and capabilities of its Data Cloud platform.
Key highlights from recent financial disclosures indicate that Q4 product revenue grew by 28%, surpassing the guided 23% and marking a 4% beat. This robust performance was primarily driven by healthy consumption within Snowflake's core data warehouse business. The European market performed better than anticipated, indicating effective execution despite ongoing regional challenges.
Net revenue retention (NRR) showed signs of stabilization, reported at 126% in Q4, a slight deceleration of 1% from the third quarter. Expectations are for NRR to remain in the mid-120s. While total new customer additions grew by 9% quarter-over-quarter, these were predominantly smaller accounts. A lower number of Global 2000 (G2K) wins, at three, was observed, potentially signaling a maturation in the cloud data warehouse adoption cycle among the largest enterprises. The newer Snowpark data engineering offering contributed 3% to total revenue, aligning with expectations.
At the heart of Snowflake's offering is a cloud-native architecture designed to address the evolving data needs of contemporary enterprises. A distinguishing feature is its multi-cloud interoperability, enabling operations across prominent cloud environments including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). This capability affords organizations considerable architectural flexibility and mitigates risks associated with single-provider dependency.
Key to Snowflake's design is the architectural separation of data storage and compute resources. This model allows for independent and elastic scaling of each component, facilitating cost optimization through a consumption-based pricing model while maintaining performance across a wide range of concurrent workloads and user demands.
The Snowflake platform supports a diverse spectrum of unified data workloads, empowering organizations to consolidate disparate data sources into a coherent and accessible repository. These supported workloads include:
Data Warehousing: Enabling robust analytical processing and business intelligence functions.
Data Engineering: Facilitating the construction and management of complex data pipelines.
Data Science & Machine Learning (ML): Providing an environment for the development and operationalization of advanced predictive models.
Data Applications: Supporting the creation and deployment of applications that are intrinsically data-reliant.
Secure Data Sharing: Offering capabilities for governed, real-time data collaboration across internal departments and with external entities, obviating traditional data extraction and loading complexities.
Cybersecurity Data Applications: Serving as a security data lake, allowing for the aggregation and analysis of security-related data to enhance threat detection, investigation, and response capabilities.
By enabling the integration of these varied workloads onto a singular platform, Snowflake facilitates the de-siloing of data. This allows organizations to extract more profound insights, develop innovative data-centric applications, and explore new avenues for data collaboration and value creation.
Technical Analysis
This stock is far from its all time highs, and right now is finding resistance at a bearish diagonal that I will allow to be described better by the 200 weekly average, an uncommon line in my charts, but clear enough to highlight that a breakout of the current price zone would clear the pathway to $228.5 at the very least in the coming months. The latest weekly candle suggests indecision but the oscillator is not yet overbought, so let’s use $180.5 as a central weekly level to validate a pullback towards $168.
ServiceNow, Inc. stands as a prominent enterprise software company, delivering a comprehensive cloud-based platform designed to streamline and automate a wide array of business processes across organizations. Founded in 2003, the company has evolved from its strong roots in IT service management to become a critical enabler of digital transformation for enterprises globally. Its core offering, the Now Platform, functions as a versatile "System of Action," adept at orchestrating workflows and connecting disparate systems to enhance operational efficiency and user experiences.
ServiceNow Aims to be Enterprise AI Operating System, Bolstered by New AI Innovations
Recent strategic announcements from ServiceNow underscore its ambition to become the AI operating system for enterprise AI, introducing innovations designed to significantly enhance its platform capabilities. A significant development is the debut of AI Agent Fabric, slated for general availability in the third calendar quarter of 2025. This new capability leverages Model Context Protocol (MCP) and Agent2Agent (A2A) protocol to enable seamless connection and orchestration between thousands of native ServiceNow AI agents and third-party agents. By extending AI Agent Orchestration to this fabric, the system can assemble and coordinate diverse AI agents across various platforms to collaboratively address complex tasks. Key initial integrations include major enterprise software vendors like Adobe, Cisco, Google Cloud, and Microsoft. For example, an integration with Cisco AI Defense aims to help security teams rapidly translate threat detection into actionable, automated security workflows.
Further strengthening its AI governance and management capabilities, ServiceNow launched the AI Control Tower. This tool is designed to provide enterprises with comprehensive AI visibility, embedded compliance and governance, lifecycle management for AI agents, and real-time reporting on AI performance. The AI Control Tower is built upon ServiceNow’s robust Configuration Management Database (CMDB), which will also capture agentic operation data for future AI training and learning. Additionally, the company has broadened its interoperability by integrating with a range of new third-party Large Language Models (LLMs), including Google Gemini, OpenAI GPT, and Anthropic Claude, offering customers more flexibility in assigning specific LLMs to different agents and tasks—an expansion from supporting only Mistral AI a year ago.
Beyond the traditional confines of IT, ServiceNow has significantly expanded its reach, offering a multitude of applications that automate and simplify self-service related processes across various business units. For instance, its Employee Workflows streamline human resources functions like employee onboarding, inquiries, and transitions. Similarly, Customer Workflows aim to enhance customer service management by automating case management and improving engagement. The platform also addresses needs in areas such as facilities management and provides sophisticated tools for governance, risk, and compliance (GRC), ensuring that organizations can manage these critical functions with greater cohesion and automation.
Technical Analysis:
It’s too early to consider a weekly doji since the chart was devised today, but the Stochastic RSI and Williams%R both suggest that it’s time for a pullback.
The stock presents clear changes in the trend when the 5 and 10 weekly moving averages are breached, so managing risk this week considering $1,019 as the reference to validate a pullback can protect investors from some pain to $993 or even $887 where the 10MA sits today. If the pullback is confirmed an the price bounces from $959, there could be a good likelihood to reach $1,280 in 2025.
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Robinhood Markets, Inc. is a U.S.-based financial services company known for pioneering commission-free trading of stocks, ETFs, options, and cryptocurrencies through its online and mobile brokerage platform. The company primarily targets retail investors, with a focus on attracting a younger demographic and those underserved by traditional wealth management firms. Robinhood's business model largely relies on generating revenue through payment for order flow, where it receives rebates from market makers for directing client trades, rather than charging direct commissions on trades. This approach allowed it to significantly undercut established competitors and rapidly expand its user base.
As Robinhood navigates 2025, its strategic evolution hinges significantly on two key initiatives aimed at broadening its market penetration and deepening customer relationships: the expansion of its "Legend" platform for active traders and the keenly anticipated launch of a digital private banking service.
The "Legend" platform, which began its rollout in late 2024, represents Robinhood's determined push into the competitive active trader demographic. By mid-2025, the industry is closely observing the platform's traction against established giants like Interactive Brokers and Charles Schwab. Robinhood's strategy with Legend centers on leveraging its modern, agile technology stack to offer superior execution speed, advanced charting tools, and dedicated customer support—areas critical for sophisticated traders. The ongoing enhancements, including the integration of more crypto assets and index options, signal a commitment to closing feature gaps.
Simultaneously, the financial community is keenly awaiting Robinhood's foray into the high-net-worth (HNW) segment with its distinct digital private banking offering, slated for launch in the second half of 2025. This initiative is more than just a product extension; it's a strategic imperative. As Robinhood's initial cohort of younger users matures and accumulates wealth, providing sophisticated wealth management services becomes essential for client retention and asset growth. By aiming to deliver a digitally native service akin to the high-touch approach of institutions like the former First Republic, Robinhood is signaling its intent to challenge traditional wealth management paradigms.
These focused endeavors in 2025 illustrate Robinhood's evolving strategy: to not only serve as an entry point for new investors but also to grow with them, while simultaneously attracting more sophisticated market participants. The successful execution of these plans will be critical in solidifying its position as a more comprehensive and competitive financial services provider.
Technical Analysis:
The promising context for the company is aligned with a chart that is also suggesting a breakout, surpassing $64.5 would validate the bullish thesis targeting $85 during 2025. The bullish MACD crossover suggests a multi-week bull leg.
SPX The Market Today:
The Strength in the Rally is Impressive: The market reaction was notably different compared to previous U.S. debt credit downgrades. With precision, the $5,901 set as central level last Friday acted as support zone today (the low was slightly below that line, hence the importance of setting stops below the exact level, or being patient waiting for the 2H candles to be closed), and a reversal is unlikely until that level is breached. Anyway, I am paying attention to the upper Bollinger Band, which is curling downward, similar to patterns observed before previous healthy pullbacks.
You know my bullish stance mid term expecting a healthy pullback in the short term, which is still very soon to state it has been called off. The Volatility index bounced and retraced quickly today but anyway it missed to reach 21.8 to close the gap, so the pathway for further upside in the S&P500 is not completely cleared and prudence is key.
If there is a bullish continuation tomorrow, I’d pay attention to the RSI, which is nearing 70, the level from where the oscillator becomes overbought and from where more caution will be advised.
Using the levels protect us of taking premature decisions. For the complete set of Support and Resistance levels including other 34 securities, click here.
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