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Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | December 4, 2024
• Today (8:32 CST), the best performer in the DJIA is Salesforce.com Inc. CRM.
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Salesforce $CRM missed on earnings and guided down and is exploding higher
By: Barchart | December 3, 2024
• Salesforce $CRM missed on earnings and guided down and is exploding higher
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CRM share price at $360+ AH with CEO Benioff interviewed by Cramer. Total disruption of world labor force discussed.
Pretty ugly. Growth has stopped. They had $1.49 per share in net income in Q4 of prior year. Now they are projecting only $1.57 in net income for Q4 in the upcoming quarter. This is only 5% growth and is no higher than inflation. CRM can no longer keep up with inflation. The company has stalled and no longer has any real growth. The balance sheet is also looking worse.
Salesforce $CRM Just Reported Earnings:
By: Evan | December 3, 2024
• SALESFORCE $CRM JUST REPORTED EARNINGS
EPS of $2.41 missing expectations of $2.44
Revenue of $9.44B beating expectations of $9.34B
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Salesforce (CRM) stock stands out as the SPX component with the worst December returns
By: Schaeffer's Investment Research | December 2, 2024
• The 25 Worst S&P Stocks to Own in December
• CRM tops the list ahead of tomorrow's earnings report
Salesforce Inc (NYSE:CRM) stock is 0.5% higher to trade at $331.52 at last glance, as the cloud software company prepares for its third-quarter earnings report, due out after the close on Tuesday, Dec. 3. While earnings could cause some short-term volatility, there's a seasonality picture taking form that's more worrisome in the long term.
According to Schaeffer's Senior Quantitative Analyst Rocky White's list of the 25 worst returns in December, CRM is the worst performing stock on the S&P 500 Index (SPX) when looking at data from the last 10 years.
Per White's analysis, the security finished the month lower nine times over the last decade, averaging a 4.7% drop and beating sector peers Oracle (ORCL) and Paycom Software (PAYC). A move of similar magnitude would put Salesforce stock near the $315, an area it's traded above since early November.
On the charts, Salesforce stock has been on a tear, finishing 11 of the last 15 weeks higher. This November was the stock's best monthly performance in a year, with help from the 20-day moving average. However, the recent outperformance could have the stock due for a short-term pullback.
Circling back to earnings, Salesforce stock has a mixed history of next-day sessions, finishing four higher and four lower over the last two years. Regardless of direction, the equity averaged a 7.5% swing the day after reporting, and the options pits are pricing in a slightly larger move of 10.3% this time around.
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Salesforce Rising on AI Business, Financial Performance
By: Lucas Downey | November 15, 2024
CRM offers enterprise-level customer relationship management solutions that organize sales data, track leads, forecast opportunities, and apply AI-driven analytics to organizational data. The platform also supports automated quotes, contracts, invoices, and personalized support. Recently, the company announced the ability to build AI agents able to handle many business functions.
In its second-quarter earnings report, CRM delivered revenue of more than $9 billion, which is 8.4% more than a year prior. It generated more than $3.1 billion in operational income from that revenue, which is a 15.5% jump from the year-ago value. Per-share earnings rose 20.8% to $2.56. Also, the company initiated a dividend this year, with the current yield at nearly 0.5%.
It’s no wonder CRM shares are up 19% this year – and they could rise more. MAPsignals data shows how a rare bullish signal reflects Big Money investors are betting heavily on the forward picture of the stock.
Big Money Sold on Salesforce
Institutional volumes reveal plenty. In the last year, CRM has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in CRM shares. They reflect our proprietary inflow signal, pushing the stock higher:
Source: www.mapsignals.com
Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Salesforce.
Salesforce Fundamental Analysis
Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CRM has strong sales and earnings growth:
• 3-year sales growth rate (+18.1%)
• 3-year sales earnings rate (+590.9%)
Source: FactSet
Also, EPS is estimated to ramp higher this year by +10.4%.
Now it makes sense why the stock has been powering to new heights. CRM has a track record of strong financial performance.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.
Salesforce has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report multiple times in the last five years, with more potentially on the horizon. The blue bars below show when CRM was a top pick…driving value higher:
Source: www.mapsignals.com
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
Salesforce Price Prediction
The CRM rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
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$CRM Very Unusual $1.9 Million OTM Call
By: Cheddar Flow | November 14, 2024
• $CRM Very Unusual $1.9M OTM Call
This was bought to open (Vol>OI) and was executed above the ask for the December expiration.
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THIS PIG IS GOING DOWN!!!!!!!!!!!!!!!!!!!!!!!! IT'S OVER! MUAHAHAHAHAH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Salesforce $CRM Three years breakout is underway
By: TrendSpider | November 12, 2024
• $CRM Three years breakout is underway.
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Salesforce $CRM
By: TrendSpider | November 8, 2024
• $CRM
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$CRM Salesforce's valuation has come down significantly during this 4-year consolidation period...
By: TrendSpider | October 30, 2024
• $CRM Salesforce's valuation has come down significantly during this 4-year consolidation period...
Is it finally go time?
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Salesforce (CRM) Stock Could Keep Surging After Breakout
By: Schaeffer's Investment Research | October 4, 2024
• CRM broke above above resistance at the $265-$267.50 range
• The 200-day moving average is guiding shares higher
Blue-chip software stock Salesforce Inc (NYSE:CRM) broke above resistance at the $265-$267.50 range late last week, which also coincides with its year-to-date breakeven level. Plus, the shares went on to stage a bounce after a retest of this level.
CRM also just crossed above its 200-day moving average, which is still sloping higher. With these layers of technical support in place, now looks like a good time to bet on the stock’s next leg higher.
In the options pits, Salesforce stock’s 50-day put/call volume ratio of 0.85 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits in the 91st percentile of its annual range, meaning options traders have been much more bearish than usual. The last two rollovers from this area have marked bottoms around it.
Options look like a good way to go when considering CRM, as it’s seeing well-priced premium at the moment. This is per the stock’s Schaeffer’s Volatility Index (SVI) of 24%, which ranks in the low 12th percentile of its 12-month range.
Our recommended November call has a leverage ratio of 11.4, and will double on an 8.9% rise in the underlying shares.
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$CRM Explosive move off trendline from the highs and 200D SMA today...
By: TrendSpider | October 2, 2024
• $CRM Explosive move off trendline from the highs and 200D SMA today...
Relative strength duly noted.
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$CRM Really struggling to reclaim that 200D SMA...
By: TrendSpider | September 2, 2024
• $CRM Really struggling to reclaim that 200D SMA...
Proceed with caution.
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Salesforce $CRM on track to reclaim its 200D moving average
By: Barchart | August 29, 2024
• Salesforce $CRM on track to reclaim its 200D moving average. But the question will be can it hold as support this time which would be the first time since May.
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Salesforce $CRM Just Reported Earnings:
By: Evan | August 28, 2024
• SALESFORCE $CRM JUST REPORTED EARNINGS
EPS of $2.56 beating expectations of $2.35
Revenue of $9.3B beating expectations of $9.2B
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Per Seeking Alpha? LMFAO
$CRM Weekly potential breakout brewing..
By: Theta Warrior | August 18, 2024
• $CRM Weekly potential breakout brewing..
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$CRM Held major support at the Volume PoC, now the stage is set for a weekly breakout.
By: TrendSpider | August 18, 2024
• $CRM Held major support at the Volume PoC, now the stage is set for a weekly breakout.
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$CRM Millions worth of more tech call LEAPS again today
By: Cheddar Flow | August 14, 2024
• $AMZN, $CRM Millions worth of more tech call LEAPS again today.
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Large $5.3 Million Institutional Block Call LEAPS on Salesforce $CRM
By: Cheddar Flow | August 9, 2024
• Large $5.3M Institutional Block Call LEAPS on $PYPL, $CRM & $AMZN
It looks like this institution might be rebalancing their tech exposure
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Today Salesforce.com Inc. (CRM) is the best performer in the DJIA
By: Thom Hartle | August 8, 2024
• Today (8:32 CST), the best performer in the DJIA is Salesforce.com Inc. CRM.
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Interesting situation.
We shall see what comes out of this.
I was surprised with nvda as well.
And, both charts do not look too good either.
However, charts follow and what drives stock prices are what's happening in real life and the future that unfolds. Charts are not the driver anyway They are bases for interpretations and guesses for what may likely to happen in the future.
We shall see.
Cheers & GLTY
Salesforce $CRM acting differently at the 200-Day SMA this time around
By: TrendSpider | August 6, 2024
• $CRM Salesforce acting differently at the 200-Day SMA this time around.
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Salesforce Inc share price had a Double Top Breakout on 25-July-2024.
Salesforce $CRM insider blood buyers knew what they were doing
By: TrendSpider | July 22, 2024
• Salesforce insider blood buyers knew what they were doing. $CRM.
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Salesforce $CRM forms a Death Cross for the first time since January 2022. The last one sent shares plunging by more than 40% over the next 11 months!
By: Barchart | July 10, 2024
• Salesforce $CRM forms a Death Cross for the first time since January 2022. The last one sent shares plunging by more than 40% over the next 11 months!
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Salesforce $CRM Earnings gap slowly being bought back.. More to go over 265
By: Options Mike | July 7, 2024
• $CRM Earnings gap slowly being bought back..
More to go over 265
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