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Motley Fool
Why Cloud Stocks Atlassian, MongoDB, and CrowdStrike Were All Up Today
Shares of cloud stocks including Atlassian (NASDAQ: TEAM), MongoDB (NASDAQ: MDB), and CrowdStrike (NASDAQ: CRWD) were all trading higher today, jumping with a broader surge in the market. All three of these stocks trade at high valuations and are barely profitable, making them sensitive to the macroeconomic environment, including interest rates. Initial unemployment claims ticked up slightly this morning, rising to 225,000 last week from 216,000 the week before.
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