Jul 10, 2026 · 7 min
WD-40 surges on earnings while tech stocks face downgrades and profit-taking
Closing Bell: SK Hynix, CrowdStrike Sinks, WD-40 Soars
This episode highlights how corporate earnings and analyst ratings are shifting capital away from some tech high-fliers and into industrial and semiconductor players.
- 1WD-40 surged following strong earnings while SK Hynix enjoyed a highly successful US listing.
- 2Tech favorites like Datadog and Palo Alto Networks faced pressure from downgrades and insider selling.
- 3Meta Platforms bucked the tech weakness by gaining on positive analyst upgrades.
Don't miss
The discussion of WD-40 Company soaring on massive earnings-driven momentum, showcasing legacy industrial strength.
The brief
The US market close brought a sharp divergence between legacy industrial strength and tech sector volatility, as major stock movements highlighted shifting investor sentiment across different sectors.
SK Hynix made waves with a highly successful US listing, while WD-40 Company saw its stock soar on the back of stellar earnings. Meanwhile, Meta Platforms also enjoyed gains following positive analyst upgrades.
The tech sector faced headwinds as Datadog suffered a notable analyst downgrade and Palo Alto Networks dipped despite a target price increase, amid broader trends of insider selling.
What was said on this episode
9 statements · 6 positive · 3 neutral
SK Hynix’s ADR offering was the largest-ever U.S. listing by a foreign company, raising $26.5 billion.
“It was the largest ever US listing by a foreign company. 26.5 billion raised in that ADR offering.”
Listen at 1:05
SK Hynix ADRs traded at a premium because exchanging South Korean shares was restricted.
“They did trade at a premium over the closing price of the sole listed common stock due to restrictions on exchanging the South Korean stock for the US Instruments.”
Listen at 1:13
Demand for memory chips is expected to persist for several years.
“the demand, they seem to say, is still there and will be for several years.”
Listen at 1:40
Justin Patterson raised Meta’s price target from $760 to $790 per share.
“KeyBanc Capital Markets analyst Justin Patterson raised the target of METTA to 790from 760A share.”
Listen at 2:00
Meta is viewed as the only hyperscaler on track to achieve world-class data, talent, and compute.
“they believe Metta is the only hyperscaler Neolab on track to be a world class at all three and therefore has the best chance of catching up with anthropic and open air.”
Listen at 2:18
WD-40 raised its full-year net sales forecast.
“Boosted its net sales forecast for the full year.”
Listen at 3:01
George Kurtz’s sale of 3.86 million CrowdStrike shares does not necessarily indicate company trouble.
“selling 3.86 millions of shares, it doesn't necessarily mean a company is in trouble.”
Listen at 4:14
CrowdStrike insider selling could reflect wealth diversification or tax payments.
“it could be just them diversifying their personal wealth or paying for taxes, etc.”
Listen at 4:26
Needham raised Palo Alto Networks’ target to $425 from $350 and maintained a buy rating.
“Needham raised their target to 425 from 350. They maintained their buy rating”
Listen at 4:39
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Romaine Bostick
DatadogListen to the full episode and explore every guest, topic, and moment on PodLume.