|Bid||154.31 x 2200|
|Ask||154.97 x 1200|
|Day's Range||153.17 - 157.15|
|52 Week Range||113.60 - 167.56|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||108.09|
|Earnings Date||Jun 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||182.18|
Cramer says he's heard a lot of people in the last few weeks complaining about the trade war. But the truth is that money managers have a hard time figuring out which companies will actually be hurt by the tariffs, and that's why we rallied today.
Salesforce said a technical issue on Friday left some customers unable to access the company's services. Co-founder Parker Harris said Salesforce is working to resolve the problems. Salesforce CRM said on Friday that a technical snafu resulted in customers losing access to some of the company's most popular online services.
Business software company Salesforce says it aims to provide skills training to 1 million people as part of a Trump administration push to boost career opportunities among Americans. Salesforce chairman Marc Benioff at first pledged that training for 500,000 people, but then doubled the figure during a Thursday event at its downtown Indianapolis offices with President Donald Trump's daughter and senior adviser Ivanka Trump. The San Francisco-based company says its free online platform Trailhead will offer tech training over the next five years toward credentials for Salesforce administrator, developer and marketing manager positions.
Cisco (NASDAQ:CSCO) reported earnings last night and investors are loving it. It spiked 3% on the headline and as of this writing, it's up 6% from yesterday's close. Today's write up is to share an opportunity to trade Cisco stock up from here -- but with a cautionary asterisk. The bottom line is that CSCO has technical and fundamental reasons to set new highs for 2019. This earnings report confirms that management can get the job done.Source: Shutterstock Let's first start with the investing environment: it's been volatile. Monday, equity markets panicked on headlines that China had retaliated against the new U.S. tariffs and the trade talks had completely broke down.In spite of it, CSCO stock bounced and recovered the dip. It even closed +.8% going into its earnings report. This is a sign of confidence from its investors especially when the rhetoric in the media is full of skepticism. Case in point, year-to-date Cisco stock is up 26% which is 70% better than the S&P 500. In 24 months, the difference is three fold.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast night, management delivered a report card that justified investors' confidence. CSCO beat on every metric that matters. They even guided sales above expectations. Cisco left nothing for the bears to sink their claws into. Selling this report makes no sense at this time.There were a few concern about margins but nothing that is going to last. The data suggest that the transition to cloud services and subscriptions is ongoing and according to plan. Completing this migration could fuel a longer rally to help Cisco stock set new multi-year highs or maybe even re-approach its Dotcom glory.Next, we examine the fundamentals -- and they are solid. CSCO sells at a 20 trailing P/E ratio which is cheap in absolute and relative terms. It is inline with Oracle (NYSE:ORCL) and 30% less expensive than Microsoft (NASDAQ:MSFT). This is not a knock against MSFT's valuation, however. They have completed their transformation. CSCO is making headway, but still has some time to go. And that's the opportunity for the long term.But here is the opportunity for the short term. The CSCO chart technicals suggest that the spike here is the start of another leg higher. This probably won't be a straight shot to the target. Cisco stock will hit resistance at $54.40 so what happens in the next few days is important.If I am long the stock, then I stay in it and ignore the small dips in this rally. But if I am looking to start a new bullish position then I can either buy Cisco stock here and accept that I may suffer a few red ticks before gaining. Or, I would set a trigger to buy when it Cisco stock closes above $54.50 per share. If this is a trade not an investment then I should also set a stop loss because below $51 per share would bring momentum sellers to target $48 or lower. The Bottom Line on Cisco StockSo to summarize the opportunity today: For the past two weeks, CSCO stock price range tightened into a point and this looks like a breakout from it. CSCO should have legs as long as it holds the support.While I like the macroeconomic environment, I worry a bit about the geopolitical headline risk. China and the U.S. are in full economic war as they try to come to terms. This is likely to linger for a few months, but I bet we have a reprieve from new news until mid June. * 7 Stocks to Buy that Lost 10% Last Week Investors liked hearing from the Cisco CEO Chuck Robbins that the tariffs are no longer a threat. CSCO has shifted operations to avoid the headwinds that those would create. That is the perfect example of a management team that is mature and doesn't leave many things to chance. Robbins also reiterated his commitment to increasing the percent of business to come from software and subscriptions.The experts on Wall Streets agree that there is more upside in CSCO stock. Most analysts who cover the stock have a BUY rating on it and it is still trading well below their average price target.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Sell Before They Tank Your Portfolio * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Low-Priced, High-Potential Tech Stocks to Buy Compare Brokers The post After Earnings, $58 Is In Sight for Cisco Stock appeared first on InvestorPlace.
Despite overvaluation concerns, the U.S. technology sector has had a stellar rally in the period between 2010 and so far in 2019, also popularly known as the twenty-tens.
INDIANAPOLIS, May 16, 2019 /PRNewswire/ -- Salesforce (CRM), the global leader in CRM, today announced it is signing the White House Pledge to America's Workers and pledging to give 500,000 Americans the skills they need to earn Salesforce credentials and get top jobs in the Salesforce ecosystem over the next five years. Through Trailhead, Salesforce's free online learning platform, anyone can acquire the in-demand tech skills needed for the jobs of today and tomorrow, including Salesforce administrator, Salesforce developer, Salesforce marketing manager and more.
The company, which makes Internet-based software used by the sales and marketing departments of businesses, said it would provide online training for up to 500,000 workers to get jobs that involve Salesforce's software systems. The White House's "Pledge to America's Workers" initiative was launched last year, with more than 200 companies participating in the program. Salesforce said that Chief Executive Officer Marc Benioff planned to announce the news at an event with Ivanka Trump in Indiana, where Salesforce has nearly 2,000 employees.
In the latest trading session, Salesforce.com (CRM) closed at $155.06, marking a -1.9% move from the previous day.
David Tepper's Appaloosa LP bulked up its positions in technology companies and dropped two big financial institutions from its portfolio at the end of March, according to a regulatory filing Wednesday. Appaloosa added a million shares of Alibaba Group Holding , 165,000 shares of Amazon.com Inc. and 200,000 shares of Salesforce.com Inc. . It bolstered holdings in Facebook Inc. , Micron Technology Inc. , and PG&E while more than doubling its stake in Allergan PLC to 3.13 million shares from 1.15 million at the end of December. Appaloosa has been pressuring the drug company to split its chief executive and chairman roles as part of its effort to push Allergan to review its business strategy. Meanwhile, the hedge fund sold out of Wells Fargo & Co. , Bank of America Corp. , and NRG Energy Inc. , according to its 13F filing.
The stock market put together a decent rally on Wednesday, adding to Tuesday's gains as tech led the way higher. Bulls are hopeful that more gains are to come, while others may look at the rally as an opportunity get short or lighten up their long exposure. Let's look at some top stock trades ahead of Thursday. Top Stock Trades for Tomorrow 1: Alphabet Click to EnlargeDid investors sleep on this one too long? Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has been a dog since its earnings report in April, but that's not what we saw on Wednesday. Shares are erupting more than 4% on the day, up about $50 apiece.The move forms a bullish engulfing candle, as shares took out Tuesday's lows before rocketing higher above the prior session's high. Now what?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 3 of the Best ETFs to Buy for a Play on Gold Stocks Just $15 above current levels and GOOGL will hit its 20-day moving average. This moving average was prior support over the past few months, gently guiding Alphabet stock higher. We'll see if there's a "change in tone" with the stock now if this moving average acts as resistance.If GOOGL is able to clear it, it will contend with the 50-day up near $1,200, a key level in itself. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeThe capital raise gave a temporary boost to Tesla (NASDAQ:TSLA) earlier this month. However, once TSLA broke below long-term range support near $250, we're now seeing this level act as resistance. That's emphasized by the chart's purple arrow.For now, Tesla remains trapped in a long-term downward channel. It will remain in that channel until either more downside breaks it down below support or bulls can rally through channel resistance. The issue for longs? They'll now have to get through downtrend resistance and the $250-ish level to undo much of this technical damage.First things first though, they need break TSLA above channel resistance. Then we'll re-examine. Top Stock Trades for Tomorrow 3: Bank of America Click to EnlargeMany banks are trading well, but we're not seeing the same "oomph" in Bank of America (NYSE:BAC). Shares are clinging to prior range support near $28 and haven't cleared the 200-day moving average in Wednesday's session.That gives me some concern. Below $28 and the $26.50 to $27 range from March may be in play. This is where BAC bottomed during the rate-inversion scare a few months ago. If $28 holds, look to see BAC get back through the 200-day and see how it handles $29.20 to $29.50. Top Stock Trades for Tomorrow 4: Zscaler Click to EnlargeThis is a breakout we flagged earlier in the week, as we were looking for stocks that were showing notable strength amid the market's recent correction. The 20-day moving average held as support for Zscaler (NASDAQ:ZS) all week, while the 50-day and uptrend support continue to guide shares higher.Last week the stock peeked its head over the $72.50 level, but Monday's selloff cut the rally short. After a few days of consolidation, we're seeing a nice move in ZS. See that $72.50 holds as support now. Below and bulls may want to wait for a retest of support before getting long again. Aggressive bulls may consider buying a retest-and-hold of $72.50-ish, provided the overall market climate warrants it.Notice how the RSI suggests shares aren't overbought and the MACD shows that momentum is now in bulls' favor (blue circles). If not for the trade-war worries, there would be much more confidence in this stock. Top Stock Trades for Tomorrow 5: Salesforce Click to EnlargeThis one is really interesting to me, as Salesforce (NYSE:CRM) is a name I was long for quite some time. Shares have been range-bound for a few months now, bobbing between $150 and $166 since February.Earnings aren't until June 4th and even though the trade war has little to no impact on CRM, the stock just doesn't have much mojo. Last week shares rallied off range support, but were stymied by the 20-day and 50-day moving averages (with the former crossing below the latter, indicating bearish short-term momentum). Downtrend resistance (blue line) has also keep a lid on the name. * 10 Retirement Stocks That Won't Wilt in a Bear Market Over $157.50 gets me interested, while a bounce over $160 gets me excited. Otherwise, bulls may want to wait for a pullback into the $152 range. Keep in mind that if CRM can't get above downtrend resistance, a break of range support may be in the cards. That puts a test of the 200-day immediately on the table, with lower prices to come should that fail as support.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 5 Top Stock Trades for Thursday: GOOGL, TSLA, BAC appeared first on InvestorPlace.
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.
For prospective interns looking to earn while they learn, it pays to start in Silicon Valley. Bay Area companies — almost exclusively in technology — accounted for half of the top 10 highest-paid internship programs in the U.S., and three of the top five according to a report on median monthly internship salaries released today by Glassdoor. All 10 of the Bay’s representative companies are in the top 25 nationwide and pay their median interns at least $4,500 per month.
The social network claimed the top spot once again on Glassdoor’s list of highest paying internships in the U.S. despite a tumultuous 2019.
SAN FRANCISCO, May 15, 2019 /PRNewswire/ -- Salesforce.org, the philanthropic arm of Salesforce (CRM), today announced it will offer foundationConnect, a next-generation grants management system that enables foundations and public charities to seamlessly manage the entire lifecycle of philanthropic giving. Nonprofits and grantmakers are often bogged down by antiquated processes, run on paper or spreadsheets with data trapped in different systems and lack uniform reporting tools.
SAN FRANCISCO, May 15, 2019 /PRNewswire/ -- MuleSoft, provider of the leading platform for building application networks, today announced the next major release of Anypoint Platform™ with the launch of Anypoint API Community Manager and other significant advancements across the platform. API Community Manager uniquely combines a full-featured API portal and industry-leading digital experience capabilities, transforming how teams collaborate across the entire lifecycle of an API program.
PARIS, May 15, 2019 /PRNewswire/ -- TECH FOR GOOD & VIVATECH -- Salesforce (CRM), the global leader in CRM, and OpenClassrooms, the European leader in online education, today announced a partnership to prepare individuals around the world for high-demand jobs in the technology sector. The companies are launching the first fully digital, online diploma course recognised by the French government and certified by Salesforce. Leveraging Trailhead, Salesforce's online learning platform, the programme will train individuals for roles as Salesforce Certified Administrators and Salesforce Certified Platform Developers, with a goal of providing an entry route into the workforce for more than 1,000 people by 2021.
Information Technology has faced a period of heightened volatility this year after nearly a decade of leading the market expansion since March 2009 lows. Concerns regarding slowing corporate earnings growth, inflated stock valuations, heightened regulatory pressure, and sector-specific headwinds like a downturn in the once red-hot chip industry, have dragged many IT stocks into correction territory.
Salesforce just disclosed that it has an investment in ride-hailing company Lyft, which is a departure from its focus on software.
The original promise of the internet age was the promise of time. Time returned to you, the consumer, from the analog age that bogs us down in phone calls, snail mail, and paperwork.