Salesforce Inc (CRM)

[DiscoverGold]

Stock Market Today With Jim Cramer: Salesforce Will Rise Again
By: TheStreet | December 2, 2020

• Jim Cramer discusses the latest stock market news including the Salesforce-Slack acquisition, the U.K.'s approval of the Pfizer vaccine and McDonald's stock.

Stocks fluctuated Wednesday, a day after the S&P 500 and Nasdaq both set record highs, but were off earlier lows as oil prices moved higher and energy shares rose.

The Dow Jones Industrial Average declined 10 points, or 0.04%, to 29,813, the S&P 500 was up 0.01% and the Nasdaq fell 0.22%.

TheStreet's Katherine Ross discussed breaking news in the stock market. Cramer spoke about the Salesforce and Slack acquisition, the U.K.'s approval of the Pfizer vaccine and McDonald's stock in a no seating world.

Salesforce: Buy Or Sell?

Shares of Salesforce (CRM) were dropping a day after its announcement that it is planning to buy Slack Technologies (WORK) for nearly $28 billion.

Cramer said Salesforce did a deal and seven out of the seven analysts hated it. "They just said like how could this have ever happened. For a variety of reasons [the analysts] felt they paid too much. Marc said he was not going to do any M&A. Slack is a losing proposition it can't take on Microsoft. These people are all wrong. Marc has always said the best companies are those that got away before you can buy them but once you're in the public market it doesn't mean you're just done. I believe this will take some time and then Salesforce will start going up again."

Read Full Story »»»

DiscoverGold