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Why I'm Betting Long on Intuit and SalesforceFirst off, please don't take what I say seriously, this is on opinion basis, and I may have a conflict of interest. That being said, let us get to my thoughts. Both stocks are in the same CRM and cloud computing industry categories, and both had very similar growth correlations and periods. I believe as a long hold, both stocks are still continuing to meet many market expectations, and aren't high risk companies to invest in. You could see by my chart, I have set positive targets for both.
NASDAQ:INTULong
by gamer456148
$CRM Breakout to All-Time HighToday we're looking at Salesforce.com on the 1W chart as price has consolidated into an ascending triangle. Over the past week price has broken through the horizontal resistance around $166 with a very strong weekly candle. This ascending triangle has a price target of around $214.25 but we may see a small pullback before continuation. If we see a pullback I expect price to find support on the horizontal chart pattern boundary around $166. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NYSE:CRMLong
by TheLuckyS7ven
CRM - SALESFORCE - SHORT SETUP USING PUTSMETHOD: Short SALESFORCE {price at entry 156.40} via : +2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money. STRATEGIES: Using CRM day chart : The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short. The Fisher Transform bounce signal has failed and is now showing a continuation short near a critical support price. TACTICS: The plan in terms of stock price : STOP is price > 160 TGT1 153 scale; TGT2 148.75 to exit Trail option price to Break Even once stock price < 154; OR consider scaling as red cloud becomes large You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose. Will update in comments, B3 d^.^b
NYSE:CRMShort
by HammondB3
Palo Alto Networks - buying dip?FUNDAMENTAL PANW earnings guidance lagged its forecast, creating a 12% decline after hours. Palo Alto said that it has agreed to acquire Aporeto, a machine identity-based micro-segmentation firm, for $150 million in cash. The company said its earnings projections include net expenses related to the proposed acquisition. TECHNICAL Both the 50sma and 200sma are working as support after the earnings report took PANW 12% after hours. The 50sma is also looking to break the 200sma. Crossing of the 50sma over the 200sma could be a bullish confirmation of a healthy uptrend. Will enter position if we can stay above the SMA's and enter the channel, formed by the most recent gap. **Next short-term resistance area --> $228-$230.
P
by dorfmanmaster
THE WEEK AHEAD: CRM EARNINGS; QQQ, IWM, XOP, TBT, AAPL, TSLAEARNINGS CRM (57/42) releases earnings on Tuesday after market close, so look to put on a play in the waning hours of Tuesday's New York session. Pictured here is an iron condor in the July monthly with the short options nearest the 20 delta strikes. Preliminarily, it's paying 1.61 at the mid price with break evens wide of the expected move at 133.40/171.60 with delta/theta metrics of -.89/2.27. As of Friday close, the June 7th weekly to July 19th monthly volatility contraction is from 61.8% to 39.0% or about 41.5%. Look to manage intratrade by rolling the untested side toward current price on approaching worthless with a 50% max take profit target. BROAD MARKET EEM (38/21) QQQ (36/23) IWM (36/22) SPY (37/19) EFA (29/17) The EEM July 19th 37/41/41/45 iron fly is paying just shy of 25% of the width of the longs (8-wide) at 1.99 and break evens of 39.01/42.99. Look to take profit at 25% max, as you would with a short straddle. QQQ is paying slightly more than one-third the width of the wings for the short option strikes nearest the 20's -- the 158/161/185/188: 1.01 credit, break evens at 159.99/186.01, delta/theta metrics of -2.66/1.49. Manage intratrade by rolling in untested on approaching worthless toward current price; 50% max take profit. The IWM iron condor nearest the 20 delta is the July 19th 133/136/154/157, with break evens of 135.01/164.99, delta/theta metrics of -3.27/1.43. 50% max take profit. Manage intratrade by rolling in untested on approaching worthless toward current price; 50% max take profit. SECTOR EXCHANGE-TRADED FUNDS Top 5 By Rank: TLT (65/13); USO (58/48); TBT (58/27); OIH (54/42); GDXJ (51/29). The volatility in oil isn't a particular surprise. /CL (21/46) has been crushed from a late April high of 66.44 to a Friday session low of 53.05, leading to an OVX pop from the mid-20's to a Friday session high of 47.49, so it's an opportunity to sell premium in /CL, USO, or one of the closely correlated proxies like XOP (43/39). TBT is at a 52-week low; TLT, a similar high with the yield on the 10-year T note yield cratering to finish last week at 2.142, so I could envision putting on a bullish assumption play in TBT either on the notion that we get some risk on post-May sell-off or that yield has bottomed in this vicinity (between 2.00-2.25). A bullish assumption TBT short put in the July cycle at the 28 strike isn't paying a ton -- .43 at the mid, with a 27.57 break even and delta/theta metrics of 25.35/.85, but the more aggressive 29 pays .73 with a 28.27 break even and delta/theta metrics of 38.97/.96. SINGLE NAME WITH EARNINGS IN THE REAR VIEW X (66/61): The July 19th 12 straddle is paying 2.00, 10.00/14.00 break evens, and a delta/theta metric of -2.66/1.99. AAPL (51/33): The July 19th nearest the 20 delta iron condor, the 155/160/190/195 is paying 1.67 with 158.33/191.67 break evens, and a delta/theta metric of -1.88/2.05. TSLA (51/73): Some of the volatility leaked out last week, but the nearest the 20 -- the 140/145/215/220 appears to be paying 1.92 at the mid, assuming you can get filled there, with markets showing wide ... .
NYSE:CRM
by NaughtyPines
$CRM Bullish Channel - Unusual Options Activity$CRM Salesforce.com holding within what looks like a bullish channel for the last few months. - Bullish options activity today with 15k $155.00 strike (OTM lottos trading for under $1.00 - Delta 0.11) Jan 18th 2019 call options traded for $1M in premium against OI under 5k. As well as 3.8k $135.00 strike (ATM - Delta 0.54) Feb 2019 call options traded for $3.3M in premium against OI just over 1k. Price target based on channel trend lines = $153 by mid-January (which would mean I'm forecasting the $155 lottos will expire worthless) Note: Informational analysis, not investment advice.
NYSE:CRMLong
by Triple_Barrel_Capital
Salesforce New All Time High - Before Christmas?! Nasdaq is down 13.5% off of its ATH while I'm making this call. :) Blood is in the streets. NYSE:CRM Has built a massive Inverse H&S pattern that is completing it's trend reversal process and about to explode to a new all time high. We're seeing accumulation and accelerated buying right now while the market overall is extremely fearful and bearish (overly so). Fundamentally this company is on fire. It's currently significantly undervalued because of the fear in the market and since earnings is weathering the storm like a rock. I've taken this opportunity to accumulate significantly more. Salesforce is on the A-team of the software squad and ideally positioned to harpoon any whales that come near their boat. It has promoted itself as the emblematic tech growth stock promising to smash $16 billion of annual revenue by next year. The number of deals generating more than $1 million was up 46% YOY in the third quarter. Salesforce is poised to continue its ascent and that basically means quarterly sales growth in the mid-20s for the foreseeable future. There is an addressable market of $200 billion and the pipeline is rich as ever could be. Salesforce has really turned the corner with free cash flow and profitability. It was only a few years ago they were turning in heavy losses, but this new Salesforce will be even more profitable as the network effect makes the sum of the parts and each add-on cloud-based software tool even more valuable. Salesforce beat and raised its outlook calming the frayed nerves of investors looking to dump software stocks. Just look at the billings growth that was anticipated at 19%, Salesforce smashed it by 8% coming in at 27%. Not only are they scooping up new customers, but renewals have been just as robust. The truth is that Salesforce can’t roll out enough cloud-based software products to meet the insatiable demand. All of this backs up my thesis that software stocks will be the outsized winners of 2019.
NYSE:CRMLong
by David_Scott
1
Salesforce new all time high before Christmas! R/R very goodNasdaq is down 13.5% off of its ATH while I'm making this call. :) Blood is in the streets. NYSE:CRM Has built a massive Inverse H&S pattern that is completing it's trend reversal process and about to explode to a new all time high. We're seeing accumulation and accelerated buying right now while the market overall is extremely fearful and bearish (overly so). Fundamentally this company is on fire. It's currently significantly undervalued because of the fear in the market and since earnings is weathering the storm like a rock. I've taken this opportunity to accumulate significantly more. Salesforce is on the A-team of the software squad and ideally positioned to harpoon any whales that come near their boat. It has promoted itself as the emblematic tech growth stock promising to smash $16 billion of annual revenue by next year. The number of deals generating more than $1 million was up 46% YOY in the third quarter. Salesforce is poised to continue its ascent and that basically means quarterly sales growth in the mid-20s for the foreseeable future. There is an addressable market of $200 billion and the pipeline is rich as ever could be. Salesforce has really turned the corner with free cash flow and profitability. It was only a few years ago they were turning in heavy losses, but this new Salesforce will be even more profitable as the network effect makes the sum of the parts and each add-on cloud-based software tool even more valuable. Salesforce beat and raised its outlook calming the frayed nerves of investors looking to dump software stocks. Just look at the billings growth that was anticipated at 19%, Salesforce smashed it by 8% coming in at 27%. Not only are they scooping up new customers, but renewals have been just as robust. The truth is that Salesforce can’t roll out enough cloud-based software products to meet the insatiable demand. All of this backs up my thesis that software stocks will be the outsized winners of 2019.
NYSE:CRMLong
by David_Scott
THE WEEK AHEAD: CRM, ANF, HPQ EARNINGS; XOP, NFLX, FCX, EEMEARNINGS WITH A RANK >70/IMPLIED >50: CRM (81/52): Announces on Tuesday after market close. The pictured defined risk setup pays a greater than a one-third of the wing width 1.89 with break evens between the expected and one standard deevy. ANF (68/86): Announces Thursday before market open. The Dec 21st 16 short straddle was paying 3.04 as of Friday close; the 25 delta 14/19 short strangle, 1.19. HPQ (85/41): Announces Thursday after market close. The Dec 21st 22/23 skinny short strangle is paying 1.45, which makes for a near nominal trade at 25% max (.36 profit). Look for background implied to ramp up to 50 plus; otherwise, pass on a play. EXCHANGE-TRADED FUNDS WITH A RANK >50/IMPLIED >35: USO (100/66): I tend to use this more as of oil volatility indicator than anything (although you can naturally look at that more directly with OVX). Here, it's saying "Sell premium in petro underlyings," which for me means XOP, XLE, or OIH. UNG (96/104): With UNG, I'm waiting for a seasonality short, but think putting on something in December is likely to be too early. January, however, is coming into range (currently 54 DTE). XOP (85/45): A smidge early to go out to January, but the 29/36 is paying a 1.52 in that expiry; the 32/33 "skinny," 3.58. SINGLE NAME WITH A RANK OF >70/IMPLIED >50/EARNINGS IN REAR VIEW: NFLX (78/59): It's still got juice ... . The Jan 18th 25-delta 220/225/300/305 iron condor's paying 2.13 at the mid (but the platform's showing wide markets, so that may not be as hot at NY open). FCX (71/55): The Jan 18th 11 short straddle is paying 1.73. BROAD MARKET: EEM (71/27) QQQ (66/28) IWM (62/24) SPY (39/21) EFA (13/20)
NYSE:CRM
by NaughtyPines
CRM bearish divergence pointing to short term correctionCRM is a name in a long term uptrend I really like for a long, and the technicals are telling me a long signal may be coming up soon. But first, we're getting some pretty clear short signals that I fully intend to take advantage of. CRM has been trending up in a long term channel and recently the lower support line has risen much sharper while the resistance line remains the same, giving us a beautiful descending wedge pattern to play off of. Resistances right now are the Upper Bollinger Band and the upper resistance of the channel. While Salesforce has been able to breach the Upper Bollinger Band in the past, it generally cannot maintain the breakout for long, and always rejects hard when up against the channel resistance. Further, the daily chart is setting up bearish divergence on the MACD and RSI oscillators, adding to my confidence of a short term correction in the near future. We currently have a double bottom on the daily at 158.93, the loss of which could signal an earlier entry. I'm looking for a loss of the hourly higher lows to signal an entry - in the current formation that would be a loss of 158.12 support. My profit target would be to cover in the $150-145 range, and I would cover for a loss if we set a new all time high above 161.08.
NYSE:CRMShort
by McGuireTO