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CRM

CRM - Sales losing the Force..-Since the start of the year tech stocks have taken two legs down, in late February and now, in early May. CRM stock has joined the party both times. It’s down 3% on the year, while the average S&P stock is up 11%. -It’s due to investors rotating out of expensive stocks and into those benefitting from the end of the pandemic or President Joe Biden’s Administration’s infrastructure plans. Even with this latest fall, Salesforce stock sells at 49 times its earnings. That won’t change at its next report on May 27, with 42 cents of net income expected on $5.89 billion of revenue. -When the pandemic was on, investors piled into the few names that were making money. Cloud application stocks like Salesforce were among those names. CRM stock peaked at $281.25 per share in late August into early September. Over the last year, you’re still up 32%. -But there are a lot more places for investors to make money now. You can buy a steel stock like Cleveland-Cliffs (NYSE:CLF). You can buy a cement stock like U.S. Concrete (NASDAQ:USCR). You can even grab a cruise line like Royal Caribbean (NYSE:RCL) and be rolling in profits. -The light is still on at Salesforce. There’s a succession plan in place, with 42-year old Bret Taylor on tap to replace co-founder Marc Benioff as CEO. Top line growth is still averaging 20%, the company continues to make money. -Salesforce profits would be higher, except it’s paying a massive $27.7 billion to buy Slack (NYSE:WORK) and compete more closely in office applications. This is not a bad idea. It’s just bad timing right now to go for growth when the market wants margins. That will change and, when it does, Salesforce stock will likely come back. BOTTOM LINE: -Tech valuations are compressing. It’s not a mirage. There’s no need to pay 49 times earnings for 20% growth when hundreds of companies are going from loss to profit and, at least in the near term, growing just as fast. Credit: Dana Blankenhorn Our Opinion: We keep our target at around: $185-190
NYSE:CRMShort
by caldooninvestment
9
Salesforce. CRM. Reverse Engineering a Decision.I went long a 240 call option earlier this week on a total gut play, and it turned out to be my best trade. Now I'm reviewing to get some positivity in to start the weekend, and maybe put into trader language what my gut was seeing. Key things I notice about the trade: Non-Indicator elements noticed: - It had nice bounce off the most easily visible liquidity zone. - It had a TLB from the February high. - It had a break of resistance ceiling and follow through. Maybe the stacking of these three elements is what led to the push through what could be viewed as the middle territory. Indicator elements noticed: - At the placement of the trade the indicators were saying it was a terrible decision. At least, from the Daily viewpoint. - The RSI proved pretty useless in this example. - The Stochastic crossover would have provided a nice entry. At the end of the day, there is no other way to classify a gut play than gambling, which is unfortunate, because it was my best trade of the week and now I'm having potentially unsustainable habits reinforced. Maybe I can find some way to confluence these ideas moving forward.
NYSE:CRMLong
by emehoke
CRM (NYSE) - If break up, u can buyGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader. Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan CRM (NYSE) - If break up, u can buy
NYSE:CRM
by MultiAssetX