We're itching to buy the dip in our cyber stocks because they shouldn't be down with the rest

Rallies in mega-cap names Apple and Nvidia weren't enough to keep the index up

After an initial burst around the opening on news that semiconductor companies may avoid harsh tariffs if they pledge big investments in the United States, stocks slid as the session gressed

More economically sensitive groups – financials and consumer discretionary — fell, while more resistant sectors — utilities and staples — outperformed

We're still less than one week removed from last Friday's weak jobs report, and the market is still trying to figure out how sturdy the economy is

Cyber selling: The cybersecurity group was getting crushed in reaction to Fortinet 's earnings report

Analysts thought a lot more upside was on the way, which is why several downgraded on the change in thesis

When a stock in a specific group plunges this much in a single session, it brings down its peers, even if the others have nothing to do with the reason why it's down

A lot of this has to do with the so-called ETFization of stocks, which is our way of explaining how the rise in trading of sector-based exchange-traded funds can distort individual stocks

As for Palo Alto Networks , its stock was getting hit again on Thursday despite analysts at Morgan Stanley writing up a good note detailing the accretion of the CyberArk deal

Palo Alto does sell traditional firewalls, but never hyped up a refresh cycle as an important driver of its growth

Management's view of the traditional firewall market was always one of low but stable growth

Funny enough, CEO Nikesh Arora said some eight months ago on "Mad Money" that refresh cycles at other industry peers create opportunities for his customers to replace their old firewalls and consolidate on Palo Alto's platform

We are still interested in adding more Palo Alto when our trading restrictions allow

Up Next: Texas Roadhouse reports earnings after Thursday's closing bell

Two things we'll be watching are comparable restaurant sales and the impact rising beef prices have on margins

Other companies scheduled to report are Trade Desk, Take-Two Interactive, Wynn Res, Pinterest, and Block

There are no major earnings reports or economic releases scheduled for Friday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a r to the CNBC with Jim Cramer, you will receive a trade alert before Jim makes a trade

Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio

If Jim has talked a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade

THE ABOVE INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER

NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION VIDED IN CONNECTION WITH THE

NO SPECIFIC OUTCOME OR FIT IS GUARANTEED.