What To Watch For In Salesforce’s Q3 Earnings
Last week, Salesforce announced its partnership with Google to integrate Google’s G Suite office software suite with Salesforce’s core platform, and integration of Google Analytics into Salesforce’s marketing software. Investors reacted positively, with the company’s stock price going up by 5%.
The company expects to generate revenues of $2.64 billion, representing over 23% year-over-year growth. With customer preferences shifting towards cloud-based products, the company’s enterprise cloud computing solutions – which include apps and platform services, as well as professional services to facilitate the adoption of its solutions – will play a key role in driving its growth.
What to watch for in upcoming Salesforce earnings
Cloud computing company Salesforce.com is set to report quarterly earnings Tuesday, and one strategist is watching closely, as it’s one of the few remaining large tech names to report this earnings season.
The technology sector has posted a strong round of earnings, said Mark Tepper, CEO of Strategic Wealth Partners, and Salesforce.com shares have outperformed technology over the course of the year.
Go Long Salesforce.com, Inc. Into Earnings With Confidence
Salesforce.com, Inc. (NYSE:CRM) is a shooting start stock that has rallied for years. It used to be the tiny company that could. It is considered to have helped create the idea of the cloud, having been on that band wagon since inception. CRM stock is up 200% in five years.
Management reports earnings this week. The usual is likely to happen. Regardless of the quality of the report, the CRM CEO will masterfully spin the results as amazing.
Today's Trading Lesson
Trend Days | How to Prepare for Great Trades
Trend days don’t come often.
The stats say they only occur 35-40% of the month. Sounds right to me.
So how do you game plan for a trend days? How do you get ready to hook the whale?
Day trading is a small window. We have pressure to make money in 6.5 hours, but our trading plan says to be patient for specific scenarios.
Patience is frustrating, when we need to pay the bills.
Trend Days any Day Trader Can Capture
When we are alternating buying and selling days. This is exhausting for most traders. It’s been slim pickings for good opportunities.
Or has it been?
Many intra day charts show a clean, easy to spot trend day after the open price action. Could you have been ready to capitalize before the day?
The answer is yes.
Continue Reading and watch the video…
Today's Trade of the Day | 11-21-17
CCI-Crown Castle Spike on earnings and traded into an inside day, and offers a solid risk reward scenario. Game planning a $111 buy stop with an initial target of $115. Stop loss on a close below $110. Trading setups don't get much cleaner than this. An inside day after a decline and positive earnings. That doesn't mean it will be a profitable trade, but it does mean it's a must if triggered.
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Stock Market Sector Performance
Stocks to Trade |Tuesday Edition 11-21-17
Bullish Momentum: XNET, MOMO, WB, SHOP, NTAP, MU, ADI, DLTR, AAP, ICE
Bearish Momentum: qd, tal, myl, exel, mnk, pcg, agn
Bullish Order Flow: WB, ADI, DLTR, SQ, LRCX, DG, HD, NVDA, AVGO, DE, LULU, COST, JUNO, CCI, MA, LYB, MAR, SRPT, MCD, ADBE, WMT, AAPL, CRM, AMZN, QCOM, PYPL, LB
Bearish Order Flow:qd, cah, mnk, pcg, agn, tsla, twx, celg, hca, amgn, cvs, expe, evhc
Double Normal Volume: SQ, AABA, VIAB, FL, ADI, CPB, EA, CTSH, DLTR
Inside Days: ko, msft, amat, pfe, tgt, pypl, roku, hal momo, rost, bhge, mos, symc, ctrp, atvi, adm, esrx, cl, nlsn, unh, cag
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