CRM Salesforce Earnings Report | Stocks to Trade 5-18-17

CRM Salesforce

CRM Salesforce.Com

Salesforce.com Looking At ‘Low Bar’ For Q1 Earnings, Billings

Salesforce.com (CRM) should “clear a low Q1 bar” when it reports first-quarter earnings late Thursday, says an analyst. The leader in software-as-a-service is expected to report unadjusted profit of 26 cents, up 8% from 24 cents a year earlier, with revenue rising 22.5% to $2.35 billion.

Salesforce.com in February doled out conservative guidance for a seasonally tough quarter, analysts say. Salesforce.com gave guidance that implied 5% to 6% billings growth, a sales metric, for the first quarter.

“In a seasonally weak Q1, against difficult comps, the onus may lie more heavily on margin expansion than billings growth to push the story forward,” said Keith Weiss, a Morgan Stanley analyst in a report. “However, past Q1 we see multiple positive top-line catalysts.”

www.investors.com/salesforce

Salesforce on track for record earnings despite competition

Salesforce.com Inc. is expected to report another quarter of record earnings and sales when it reveals fourth-quarter results after the market closes Tuesday.

The cloud-computing company has a long history of notching quarterly revenue records. Salesforce CRM, -2.13% has posted sequential increases in sales — hitting records — every quarter since at least the third quarter of 2011, according to available data on FactSet.

www.marketwatch.com/crm-salesforce

CRM Salesforce.com Before Earnings 5-18-17

CRM Salesforce.com Before Earnings 5-18-17

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On the Tape Today | 5-18-17

$AMT 5-18-17

$AMT 5-18-17

AMT American Tower Corp showing solid relative strength. A strong close and fuel candlestick gives us a clean trade on the long side. A pause at $128 then a breakout with solid volume makes this a solid new swing trade long for today's game plan.  Looking to bid a $130 limit order below yesterday's close to get long, in sympathy with the bigger picture of the stock market. Target to sell @ $136. Stop loss if filled comes in  on a close below $128.50.

AMGN 5-18-17

AMGN 5-18-17

AMGN showed a clean 4 day pause below the $160 level. Yesterday's breakdown sets up a new swing trade. A $156.75 sell-stop triggers the entry. A profit target @ $152.50 and a stop loss on a close above $158 completes all 3 pieces of the trade.

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SPY ETF Chart 5-18-17

SPY ETF Chart 5-18-17

Tape Reading the SPY ETF

$SPY cracked.

Was it Trump or simply in the cards?

The stock market gave an old-fashioned beat down to those who got long without confirmation. We have spent weeks expressing the difference between order flow and momentum. The breakout above the $240 level occurred after 17 days of indecision. Buying a breakout in that situation was simply poor trading.

You didn’t put the pieces together (explained in yesterday’s trading lesson).  There was zero institutional commitment. Great trading, consistently profitable trading, means you dig deeper, it means you have criteria.

It means you follow that criteria — all the time.

Today we face the $236 level. Price action is set to open slightly below that number. It’s the line in the sand for today. $236-234-232 are the levels to stalk. I am looking for at least one more day of bearish momentum.

Many traders wonder why stock fall faster than they rise. The answer is simple, if you are long, and wrong (which most people are) you must sell. If stocks are going higher, the fear of missing out is not as strong as the greed factor. Fewer people “need” to buy, as opposed to those who must sell.

If your stop loss wasn’t hit yesterday, I suggest you write it down, program it into your trading software, and don’t move it.

Stock Market Today: Heatmap of the S&P 500

SP 500 Heatmap 5-18-17

SP 500 Heatmap 5-18-17

Stocks to Trade 5-18-17 | Thursday Edition

Short-Term Momentum

Bullish Momentum: CL, AMT

Bearish Momentum: xar, slca, sti, gs, x, txn, snap, stx, yelp, jpm, fast, lyb, dow, akam, sbgi, dd, tmus, nue

Long-Term Order Flow

Bullish Order Flow: AMT, TSO, DE, MAR, AET, AMZN, BIDU, BABA, AAPL, RH, AVGO, MCHP, ADSK, WYNN, CC, AAOI, EA

Bearish Order Flow: car, slca, yelp, fast, lyb, akam, sngi, nue, oke, dfs, hog, agn. ibm, tsco, cbs, eqt, clr, oxy, twlo, o

2X Normal Volume: AAPL, TGT, BABA, CL, CVS, DIS, ABBV, MOMO, TJX, DKS, DISH, WBA, GS, EA, DDD, CBI, CAR

Inside Days: m, dks, aal, ctsh, twlo, dg

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