CRM Sep 2024 400.000 put
- Yahoo Finance Video
Stocks open in the green following PCE inflation print
All three of the major market averages (^DJI, ^IXIC, ^GSPC) are opening higher on Friday coming off of this morning's in-line inflation print from the PCE index (Personal Consumption Expenditures). Yahoo Finance's Seana Smith and Brad Smith monitor market movements while Salesforce shares (CRM) seek to recover from a stock selloff fueled this week by the cloud computing company's weaker-than-expected second-quarter guidance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Salesforce is still the 'gold standard': Analyst
Salesforce (CRM) shares dipped on Thursday after the company missed revenue estimates and reported a weak outlook. Wedbush Managing Director Dan Ives joins Market Domination to discuss his perspective on the company's future trajectory. Ives notes that the current pressure on Salesforce represents "a bump in the road," characterizing its guidance as conservative to "clear the deck" for the next quarter. He emphasizes that Salesforce remains "a gold-standard tech play" and now is an ideal opportunity for investors to acquire the stock. "This is a situation where they have it all in front of them, and I just view this as a speed bump, not the start of a structural decline," Ives tells Yahoo Finance, expressing confidence in the company's long-term prospects. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Yahoo Finance Video
Soft Q1 GDP, Salesforce falls, Dow shaves 300 points: Catalysts
First quarter GDP figures were softer than expected, rising by 3.0% compared to an expected 3.1%, leaving future Federal Reserve policy decisions up for further debate. US pending home sales fell by 7.7% in April, significantly more than predicted by the National Association of Realtors (NAR), which forecast a 1.0% month-over-month decline. Shares of Salesforce (CRM) are experiencing a dip after the company shared first quarter results on Wednesday, reporting a revenue miss for the first time in nearly two decades. The Dow Jones Industrial (^DJI) fell about 300 points on Thursday morning. For more expert insight and the latest market action, click here
