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
FOO trade ideas
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.
CRM Salesforce Options Ahead of EarningsIf you haven`t bought CRM ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of CRM Salesforce prior to the earnings report this week,
I would consider purchasing the 280usd strike price Puts with
an expiration date of 2024-3-1,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CRMRising wedge breaking down here..
Short entry below 272 (50sma)
Or retest of 285 (20sma).
Target is 250
Salesforce LONG Short TermShort term opportunity for a LONG.
Context:
Market: strong
Ticket weekly: Up wave
Ticket daily: Up wave
Ticket 1h: uptrend, consolidation (down wave)
Last day:
Gap-up open, price didn't find much support from buyers and was rejected. Rejection wasn't strong enough (price didn't reach prev day low), which shows lack of strong sellers interest.
Conclusion:
The context is still very bullish. There is a short term LONG opporunity but only if price sets hourly higher low above 289. Depending on where it happens the profit target can be either around 293 or 295 and higher
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
Bullish Rising Triangle Setup on CRM Looking for ATHsKey Takeaways:
+Consistently making higher lows after strong uptrend and is forming into rising triangle on flat supply zone for ATH breakout
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA
+I would expect ~$9 move topside after breaking 289 which would send us to 298 & ATHs, based on the height of the rising triangle consolidation pattern
$CRM: 270 Bulls Are a ForceSalesforce has been showing a lot of strength lately and could be poisted to move even higher off this 270 handle. We may need to see more weakness out of the dollar so may need to stay patient. However, we currently believe this may be one of the leaders should equities continue higher over the long run.
Salesforce is in force! Trading idea for 16/01/2024Analysts at the Baird brokerage company have upgraded the stock rating for Salesforce Inc. from Neutral to Outperform, setting a target price of 300 USD. They believe the issuer's business has a high margin, and the subsequent introduction of artificial intelligence technologies will increase it. For this reason, Salesforce shares may become attractive for both medium-term investment and short-term speculation.
So, today, we will examine the Salesforce Inc. (NYSE: CRM) stock chart.
On the D1 timeframe, resistance at 267.01 was broken through, and support formed at 250.17. The current upward trend will likely continue after a retest at the 267.01 level. Quotes are probably attempting to reach their historical maximum, but external macroeconomic factors can change the current trend.
On the H1 timeframe, a rebound from the 267.01 level could set a short-term target for a price increase at 282.00, while in the medium term, it could hover around 300.00.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CRM Super performance52wk highs breakout closing in, rising RS rating, above 200dma and past 4 Quarterly earnings VWAP, I have reasons to believe this security displays all behaviors of super performance.
Amazon and Salesforce Join Forces to Supercharge Prime Momentum Amazon ( NASDAQ:AMZN ) and Salesforce ( NYSE:CRM ) have formed a strategic alliance to turbocharge the momentum of Amazon's Prime program. The integration of Amazon's "Buy with Prime" feature with Salesforce's NYSE:CRM Commerce Cloud platform promises to reshape the e-commerce landscape, offering a seamless shopping experience for Prime members while presenting an exciting growth opportunity for merchants, especially those on the Shopify platform.
The Power of Prime:
Amazon's Prime program has long been a key driver of the e-commerce giant's top-line growth. With customer-friendly perks such as ultrafast delivery services, a streamlined checkout experience, 24/7 live chat support, and hassle-free returns, Prime has amassed a loyal subscriber base. The recent collaboration with Salesforce aims to further enhance the Prime experience by allowing merchants on the CRM Commerce Cloud platform to integrate the "Buy with Prime" feature into their online stores.
Enhancing the Merchant Experience:
Salesforce merchants can now deliver the full suite of Prime benefits directly from their online storefronts. The integration preserves merchants' control over their store aesthetics, enabling customization of the placement and appearance of the "Buy with Prime" experience on product, cart, and checkout pages. Additionally, sellers can seamlessly sync day-to-day operations with Salesforce Order Management, ensuring a streamlined and efficient workflow.
Advanced Features for Sellers:
The upgraded "Buy with Prime" features empower sellers to activate search and filter capabilities, enabling customers to quickly locate Prime-eligible items. The introduction of a mixed cart facility allows customers to add both Prime-eligible and non-eligible items to their carts, streamlining the checkout process. This not only enhances the shopping experience for Prime members but also presents a lucrative opportunity for Shopify merchants to expand their reach to the ever-growing Prime subscriber base.
Financial Implications:
Amazon's subscription revenues, a key driver of the company's financial performance, are expected to receive a significant boost from the growing momentum of Prime. The success of the Prime program is reflected in Amazon's stock performance, which has surged 68.5% over the past year, outpacing industry growth.
Investor Optimism and Technical Outlook:
Salesforce investors have demonstrated increasing optimism, as evidenced by the rising trend channel in the medium to long term. The stock's impressive performance since breaking through resistance at $215 indicates a positive sentiment among investors.
Conclusion:
The collaboration between Amazon and Salesforce represents a pivotal moment in the e-commerce landscape. The integration of "Buy with Prime" not only strengthens the Prime program but also opens new avenues for merchants to capitalize on the rapidly expanding Prime subscriber base.
Salesforce Stock: Trading Idea for 14/12/2023Apple Inc. has introduced new integrations with the Salesforce Inc. tools, such as Apple Messages for Business in Service Cloud or ARKit in the Field Service mobile app. The partnership between the companies began in 2018 and continues to expand.
Salesforce Inc. clients will be able to interact using Messages, and technicians will receive an ARKit-based room mapping tool and a new widget for iOS. All this may lead to an increase in the company's revenue and net profit.
So today, we suggest examining the Salesforce Inc. (NYSE: CRM) stock chart.
On the D1 timeframe, support formed at 224.25, with resistance at 263.43. A fairly wide channel has appeared with a high probability of a breakthrough of its upper border. Considering investors' general optimism after yesterday's meeting of the US Federal Reserve, there may be a relatively high growth potential in Salesforce's stocks.
On the H1 timeframe, the first target for the price increase can be set at 283.67, while in the medium term, it could hover around 298.24.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
