$CRMNot financial advice.
NYSE:CRM
weekly candle chart entering a common A, B, C correction.
Gaps to be filled in purple boxes.
will see what time says.
Like and follow for more ideas.
FOO trade ideas
CRM Bullish Signal Bearish SentimentCRM recently posted their Earnings but had a huge over reaction and fell down almost 20%
in a long term chart you can see a clear formation of cup and handle which is a very bullish pattern for a long term horizon
CRM has strong fundamentals
Right now CRM is in bearish trend can fall up to 200 but this is where the opportunity arises
Start accumulating at current prices until 200 drop
STOP LOSS @ 195
Entry @ now until 200 drop
TP would be amazing as it will bounce back to its previous top of 315
CRM: Sell ideaSell idea on CRM as you see on the chart afetr the breakout with force the vwap and the support line by a big red candle follow by a large red volume.Thanks!
Strategic Entry Point for CRM: Tight Risk, High Reward PotentialOuch, that was a nasty blow for all the CRM bulls. Now the question arises: What's next? A look at the volume profile, from the December 2022 low to the March 2024 high, shows that the price has stopped exactly at the POC of this trading range - and exactly so. This is certainly no coincidence. This offers a good chance for a long entry. Although no one can say with certainty that prices will start rising again immediately, the area where the CRM stock is now allows us to tightly limit our risk and fully capitalize on the potential upside.
CRM DCM
Insider buying is happening cautiously
Buy with 1 percent risk and double that risk doing DCM in 210-200 Zone.
Entry at Current Market Price
SL @ 196
5/29/24 - $crm - willing buyer into EPS WITH +ve tape into close5/29/24 - vrockstar - NYSE:CRM - this should be on everyone's short list. visibility toward 7+ bn of fcf (don't dilute w/ options like many other smaller tech which i've been warning against + stock not broken) which means that's about a 2.5% yield. i think you could do better in NASDAQ:AAPL at >3%, but again it's not software, nevermind stickier B2B. sub 30x PE for CRM (~28x) is reasonable given mid 20s EPS growth. don't love the HSD revenue growth - but at a $260 bn valuation it's not easy to grow like nvda, obviously. So all else equal, this should be a good result, i'm tempted to get long - as it's a good hiding spot in B2B software which is getting shot (more on this in posts to come), which i think could support the bid as well. the tape looks a bit messy into the open, we have some fed data coming today, inflation prints this friday, jobs next week. we're at the end of earnings season and only nvda is levitating these markets. my bias here is to be greedy and look for a better entry... let's see how the day shapes up. if we show some index resilience into 2H of the day and especially into the close, i'll probably swing long.
Salesforce Slumps 45% in Pre-market Trading After Earnings PostSalesforce ( NYSE:CRM ) shares plunged more than 44% in pre-market trading on Wednesday after the company reported its first quarterly revenue miss in 18 years and issued weak annual guidance. The cloud software maker's current Remaining Performance Obligation (cRPO) metric, which combines deferred revenue and order backlog, indicates slowing momentum. Salesforce CEO Brian Millham told analysts on the earnings call that the company saw budget scrutiny and longer deal cycles than usual during the quarter.
Salesforce ( NYSE:CRM ) shares trended steadily higher for 12 months following the 50-day moving average crossing above the 200-day MA in March last year to form a bullish golden cross pattern. However, since topping out in March this year, the price has fallen below the 50-day MA, with the indicator also acting as a line of resistance during a recent countertrend rally earlier this month.
Amid uncertainty over the macroeconomic environment, enterprise customers continue to spend cautiously on software. Salesforce's AI-focused data cloud business contributed to 25% of the deals valued above $1 million in the first quarter, unchanged from the prior quarter. It did not disclose more financial details about the business, which was nearing $400 million in annual recurring revenue in its last fiscal year.
Some brokerages warned that Salesforce's forecast also meant software demand had slowed further in April. The selling environment got worse from the end of March and more pronounced in April, which could explain why off-cycle names, like Workday or Salesforce, suffered more than ServiceNow or Microsoft. Salesforce could turn to large deals to accelerate growth and would consider them if they were "accretive" and had "the right metrics."
Activist investors pressured Salesforce last year to prioritize profitability, after years of growing its business through big deals, including the $27.7 billion acquisition of Slack in 2021. RBC analyst Rishi Jaluria said that investors wouldn't react well to most large deals at this point, given growth is slowing down, a big acquisition would be viewed as buying growth.
At least ten brokerages lowered their price targets on the stock following the results. D.A. Davidson's PT of $230 was the lowest among 49 analysts covering the stock.
Technical Analysis of Salesforce.As of the latest close, Salesforce (CRM) is trading at $271.62, up by $1.79 (0.66%). The pre-market data shows a significant drop to $228.03, down by $43.59 (-16.05%). This sharp pre-market decline suggests potential upcoming volatility.
Relative Strength Index (RSI): The RSI value is 39.75, indicating a neutral to slightly oversold condition. This suggests that while the stock is not extremely oversold, it is approaching levels that could attract buyers.
Stochastic %K: At 16.23, the Stochastic %K is neutral, suggesting limited momentum either way.
Commodity Channel Index (CCI): The CCI is at -96.65, also indicating a neutral position.
Average Directional Index (ADX): The ADX is 22.46, indicating a weak trend.
Momentum (10): This is a buy signal with a value of -5.18, indicating short-term bullish momentum.
MACD Level (12, 26): At -2.03, the MACD indicates a sell signal, suggesting bearish momentum.
The majority of moving averages, including the 10-day, 20-day, 30-day, 50-day, and 100-day, suggest a sell signal. The 200-day exponential moving average is a buy at 260.29, indicating long-term support around this level.
Support Levels: S1 at 254.43, S2 at 239.92, and S3 at 196.98.
Resistance Levels: R1 at 297.38, R2 at 325.81, and R3 at 368.76.
Pivot Point: 282.87.
The recent candlestick patterns and Ichimoku Cloud analysis indicate a bearish trend, with the price moving below the cloud and key resistance levels. The RSI and MACD corroborate this bearish sentiment.
Short Position: Enter a short position if the price breaks below the pre-market low of $228.03. Set a stop-loss at $240.00 to limit potential losses. The first target for the short position would be the S2 support level at $239.92, followed by S3 at $196.98 if bearish momentum continues.
Long Position: Consider entering a long position if the stock shows signs of recovery and breaks above the pivot point at $282.87. Set a stop-loss at $275.00. The first target for this long position would be R1 at $297.38, followed by R2 at $325.81.
Salesforce (CRM) is currently showing bearish signals across multiple technical indicators and moving averages. The significant pre-market drop suggests a bearish sentiment that could persist. Traders should look for short opportunities below $228.03 with cautious stop-loss settings, and only consider long positions if there is a definitive break above the pivot point at $282.87. The upcoming earnings report on August 28 could be a catalyst for future price action, so keeping an eye on fundamental developments is crucial.
Salesforce's Earnings Call: 4 Key TakeawaysSalesforce's recent earnings call revealed insights into its current challenges and future opportunities. Despite reporting lower-than-expected revenue and conservative guidance, the company remains optimistic. Here are four key takeaways:
1. Measured Buying Behavior : Salesforce observed cautious spending among customers, influenced by economic uncertainties, leading to elongated deal cycles and increased budget scrutiny.
2. Confidence in Fiscal 2025 Guidance: Despite weaker guidance for the next quarter, Salesforce maintains confidence in its full-year fiscal outlook, driven by strategic AI investments.
3. Data as AI Foundation: Salesforce's extensive data assets position it well to capitalize on the growing demand for AI-powered tools, enhancing its competitive edge.
4. Opportunistic M&A Strategy: Salesforce remains open to acquisitions that align with its strategic framework, focusing on shareholder value and long-term growth.
CRM Call Condor-275 +272.5 / -297.5 +300
May 31st expiry, Premium after fees: $170.44 / capital required: $75
227% gain on capital.
2 DTE May 31st
Expecting CRM to bump up before expiry
Salesforce Support Rejection ? 29.05.2024- Support rejection observed at $265.35 in 4HR chart of Salesforce Inc (NYSE: CRM).
- If support rejection holds, potential for upward movement.
- If support rejection fails, potential for downward movement.
- Apply risk management
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
peeking at $CRM Fibonacci levels before its ERsome of the top competitors to Salesforce:
Microsoft Dynamics 365: Known for its comprehensive features.
Zoho CRM: A great choice for growing companies
monday.com: Offers Kanban-style tracking and collaboration features.
ActiveCampaign: Ideal for automation and managing contacts.
Zendesk Sell: Focused on customer service alignment.
Freshsales: Offers affordability and ease of use.
Less Annoying CRM: Known for its user-friendly interface.
Neon CRM: Designed for nonprofits.
Insightly: Useful for project management.
Bitrix24: Offers unlimited users.
Additionally, other sources mention alternatives like Pipedrive, HubSpot CRM, and Vtiger Sales CRM.
Salesforce Inc Descending Triangle Spotted 28.05.2024- Descending triangle pattern identified on 4-hour chart of Salesforce Inc (NYSE: CRM)
- Downtrendline rejection at $311.62, rejecting price at $290.22 after retracing from $267.92
- Downtrend continued to $267.92 before rejection, current price at $272.45
- If support rejection holds, high chance of price ascending to downtrendline
- If downtrendline breached to upside, strong possibility of further price appreciation
- If support rejection breached to downside, high chance of further price depreciation
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene.
BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
CRM potential Buy setupReasons for bullish bias:
- Price gave a small consolidation breakout
- Bullish divergence
Here are the recommended trading levels:
Entry Level(CMP): 283.47
Stop Loss Level: 265.74
Take Profit Level 1: 301.20
Take Profit Level 2: Open
Salesforce’s Stock Surge to $298.14 AFTER EARNINGS ?NYSE:CRM
Analyzing Salesforce’s Stock Surge to $298.14
Salesforce, a global leader in cloud-based software, has recently seen its stock price soar to an impressive $298.14. This significant increase is not a random occurrence but the result of a combination of factors that have played out in favor of the company.
Strong Earnings Reports: Salesforce has consistently reported strong earnings, demonstrating robust financial performance. These positive reports have instilled confidence in investors, leading to increased demand for the stock.
Innovative Product Portfolio: Salesforce’s diverse and innovative product portfolio has been a key driver of its success. The company’s offerings, ranging from sales and service automation to marketing and analytics, have kept it at the forefront of the industry.
Market Leadership: Salesforce’s position as a market leader in the Customer Relationship Management (CRM) space has contributed to its strong stock performance.
The company’s dominance in this sector has made it a preferred choice for investors looking for stable returns.
Strategic Acquisitions: Salesforce’s strategic acquisitions have also played a role in boosting its stock price. These acquisitions have not only expanded the company’s product offerings but also opened up new markets, contributing to revenue growth.
If insiders are selling shouldn't we? 🤔 Down price target $242NYSE:CRM Salesforce executives sell shares worth over $17 million in the first week of May 2024. If insiders are selling shouldn't we? 🤔
Price heading towards fib level of $240.
We have pointed our downside price target at the level we expect price to retrace near the Fib level of $240 and the green support line near $242.
Are you shorting?
Salesforce & Informatica Unable to Agree on PriceNegotiations between Salesforce Inc. ( NYSE:CRM ) and Informatica Inc. regarding a potential acquisition have stalled due to the parties' inability to agree on a suitable price. The source, who requested to remain anonymous, disclosed that the matter is confidential.
The Wall Street Journal reported on Sunday that the talks were losing steam, but representatives from both companies declined to comment on the matter. Pre-market trading on Monday saw Informatica shares plummet by up to 7.6%, from its Friday close of $35.19 in New York, which valued the firm at approximately $10.5 billion. Meanwhile, Salesforce ( NYSE:CRM ) shares rose by as much as 3.3% in early trading, having closed at $270.37 previously.
Salesforce ( NYSE:CRM ), the leading AI CRM, has announced a collaboration with IHG Hotels & Resorts, one of the world's largest hotel companies with over 6,000 hotels across 19 global brands, to enhance guest loyalty through its IHG One Rewards program. The collaboration aims to achieve deeper personalization, unlock efficiencies, and inspire faster innovation.
As customer expectations evolve, with 65% of consumers indicating that they will remain loyal to businesses that offer more personalized experiences, IHG is standardizing its NYSE:CRM on the Einstein 1 Platform. This platform integrates CRM, AI, data, and trust on a single, unified platform to foster customer loyalty, more personalized guest experiences, and greater efficiencies.
Heather Balsley, Global Chief Commercial & Marketing Officer at IHG Hotels & Resorts, stated that "As we continue to enhance the IHG One Rewards loyalty program, one of our top priorities is ensuring our guests have a booking and stay experience that is customized to their individual travel needs." She also emphasized that the collaboration with Salesforce would enable the company "to provide personalized content and offerings that ultimately drive a deeper connection to our most valued guests."
Jeff Amann, EVP & GM, Salesforce Industries, noted that "By bringing more data into Salesforce, IHG Hotels & Resorts is able to garner greater insights that will contribute to an unparalleled experience for guests and hotel owners." He added that "With the Einstein 1 Platform, IHG is delivering joy for its guests today while setting itself up to leverage new technologies like AI that help optimize guest interactions in the future."
By adopting Loyalty Management and the Einstein 1 Platform, IHG is expected to attract stronger relationships with guests and increase its loyalty membership with predictive AI capabilities. The company also leverages Data Cloud and Service Cloud to quicken innovation and create more tailored customer service.
IHG Hotels & Resorts will create a single source of truth for millions of customer profiles by expanding the use of Data Cloud, unifying data from multiple external systems, and creating a seamless guest experience across its 19 global hotel brands. The company is also laying the foundation to use generative AI to help guests manage their stays more effectively, with the support of Salesforce and other technology partners.
Moreover, IHG Hotels & Resorts will use Marketing Cloud to effectively target customers through channels of their preference, including email, SMS, or push notifications. When a potential guest visits an IHG Hotels & Resorts booking page but does not complete a booking, a segment is created in Data Cloud and sent to Marketing Cloud for activation to encourage the member to return and complete the transaction.
Finally, with Service Cloud's 360-degree view of its guests, IHG Hotels & Resorts will be able to offer more tailored customer service and provide more accurate and quicker resolutions to guest inquiries.
Wall St. searching for thext AI hitSome of the world's biggest money managers are looking outside the US for the next wave of AI winners.
At a time when global euphoria around AI has caused a three-fold jump in Nvidia Corp. and a 50% jump in a key US index for semiconductor makers in less than a year, investors are turning to emerging markets for better value and a greater range of options.
The asset management division of Goldman Sachs Group Inc. said it is specifically looking for stakes in makers of AI supply chain components such as cooling systems and power supplies. JPMorgan Asset Management favors traditional electronics makers becoming AI leaders, while investment managers at Morgan Stanley are betting on players where AI is changing business models in non-tech sectors.
CRM offers the perfect option chain for put options...
Salesforce Set to Acquire the Data Cloud Company InformaticaIn a bold strategic maneuver, Salesforce.com ( NYSE:CRM ) finds itself at the precipice of a transformative acquisition, with reports emerging of advanced discussions to acquire data-management software powerhouse Informatica (INFA). As the rumor mill churns and investors brace for potential ripple effects, the landscape of cloud computing and artificial intelligence stands poised for seismic shifts.
The Deal in Context:
The revelation of Salesforce's courtship of Informatica comes against the backdrop of a shifting paradigm in the tech industry. The convergence of data management and AI capabilities has emerged as a linchpin for enterprises seeking to harness the power of digital transformation. Salesforce's potential acquisition of Informatica represents a strategic gambit to fortify its foothold in this burgeoning landscape.
Market Turbulence:
News of the impending deal sent shockwaves through the stock market, with both Salesforce ( NYSE:CRM ) and Informatica witnessing a sharp decline in their share prices. Salesforce's stock ( NYSE:CRM ) plummeted 7.3% in Monday's trading session, closing at $272.90, but the stock is up 0.66% on in Tuesday's early market trading with a Relative Strength Index (RSI) of 28.92 indicating a bullish uprising. The monthly price chart indicates a hammerhead pattern further accentuating the bullish thesis, while Informatica saw a 6.5% dip, closing at $35.98.
Strategic Imperatives:
At the heart of Salesforce's pursuit lies a dual imperative: bolstering its data cloud capabilities and positioning itself as a formidable player in the realm of generative artificial intelligence. With activist investors breathing down its neck, Salesforce faces the delicate task of striking a balance between growth aspirations and financial prudence.
Analyst Insights:
Analysts dissecting the potential ramifications of the deal offer nuanced perspectives. Deutsche Bank's Brad Zelnick highlights the potential for near-term dilution to growth but anticipates accretion to operating margins, underscoring the strategic calculus at play. Arjun Bhatia of William Blair emphasizes Salesforce's strategic focus on empowering customers in deploying generative AI, positioning the acquisition as a pivotal step in this trajectory.
Unlocking Synergies:
The marriage of Salesforce ( NYSE:CRM ) and Informatica holds the promise of unlocking synergies that transcend mere financial gains. With Informatica's expertise in data management complementing Salesforce's existing arsenal, the combined entity could wield unparalleled prowess in bridging disparate data silos and fueling AI adoption across enterprises.
Salesforce Could Be StallingSalesforce more than doubled between late 2022 and early 2024. But now some traders may think the provider of marketing software is stalling.
The first pattern on today’s chart is the November 2021 high of $311.75. CRM rallied above that level on March 1 but couldn’t stay there. Such a failed breakout is a potentially bearish reversal pattern.
Second is a trend line rising along the lows of January and February. CRM touched that support more frequently in March. That could suggest it’s at risk of breaking. (The 21-day exponential moving average may be providing a similar signal.)
Third, MACD has mostly fallen since mid-February. That may reflect weakening momentum.
Fourth, Bollinger Bandwidth has narrowed. Will that tightening price action give rise to increased volatility?
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CRM WEEKLY CHARTHere's a chart of salesforce on a weekly. As you can see we failed to stay above the 2021 highs here recently. To me the level is 310 that we need to get above, then the next level for me is 424.
Salesforce Sees Annual Revenue Below EstimatesSalesforce ( NYSE:CRM ) expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading.
The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients struggle with high interest rates and rising inflation, making them to keep a lid on costs.
The company sees revenue between $37.7 billion to $38 billion for full-year 2025, compared with analysts' estimate of $38.62 billion.
Warnings of a slow economy prompted Salesforce ( NYSE:CRM ) to cut about 700 employees, or roughly 1% of its global workforce, last month, adding to the slew of layoffs across the tech and media industry.
"Salesforce is guiding for only 8-9% growth (for the full year), which moves it out of the high growth category. In order to make up for that, it is introducing a dividend, which is appropriate for the lower level of growth," said Gil Luria, analyst at D.A. Davidson.
However, Salesforce ( NYSE:CRM ) beat revenue estimates for fourth-quarter revenue and profit as it benefited from higher cloud spending, joining other cloud giants like Amazon.com and Microsoft.
The company reported revenue of $9.29 billion for the quarter ended Jan. 31, beating analysts' estimate of $9.22 billion.
On an adjusted basis, the company earned $2.29 per share compared with estimates of $2.26 per share.
In early 2023, Salesforce had become a target for activist investors to push for changes resulting in cost cuts, increased share buybacks and a dismantled mergers and acquisition committee.
Salesforce ( NYSE:CRM ) expects adjusted profit between $9.68 to $9.76 per share for the full-year, compared with estimates of $9.57 per share.
SALESFORCE 310 AFTER EARNINGS Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign.
Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial performance.
Positive Analyst Expectations: Analysts expect the company to report earnings of $2.27 per share on revenue of $9.2 billion2. If Salesforce meets or exceeds these expectations in their upcoming earnings report, it could provide a further boost to the stock.
Historical Stock Performance: The stock soared 12% after its last earnings report3, which could indicate investor confidence in the company’s financial health and future prospects.
