Salesforce's most recent trend suggests a bullish bias. One trading opportunity on Salesforce is a Bull Put Spread using a strike $200.00 short put and a strike $190.00 long put offers a potential 17.23% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock dropped below the $190.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Salesforce is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Salesforce is bullish.
The RSI indicator is at 31.9 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Salesforce
Stripe’s Value Jumps to $95 Billion, Becomes Top U.S. Startup
Mon, 15 Mar 2021 02:58:54 +0000
(Bloomberg) — Stripe Inc.’s valuation almost tripled in less than a year to $95 billion with its latest funding round, making it the most valuable U.S. startup.The online payments processing company drew $600 million in its latest fundraising, Stripe said in a statement.The valuation figure is at the top of the range Bloomberg News reported in November, when Stripe was in talks with investors that would boost its value to more than $70 billion, with the possibility of pushing it to as high as $100 billion. The valuation also overtook billionaire Elon Musk’s SpaceX and Instacart Inc., according to CBInsights data.Stripe was founded in 2010 by two Irish siblings: 32-year-old Patrick Collison and his younger brother John, 30. Their net worth surged to $11.4 billion each with the latest valuation, according to the Bloomberg Billionaires Index, up from $4.3 billion in the last funding round.The company’s software, which competes with Square Inc. and Paypal Holdings Inc., is used by businesses to accept payments. Customers include Amazon.com Inc., Salesforce.com Inc., and Lyft Inc.Stripe will invest in its European operations, in particular its headquarters in Dublin, to support surging demand and expand its global payments and treasury network. It also has a dual headquarters in San Francisco, according to its website.Primary investors in Stripe also include the digital investment unit of Allianz Group, Axa SA, Baillie Gifford, Fidelity Management & Research Co., Sequoia Capital and Ireland’s National Treasury Management Agency, the company said Sunday.Stripe didn’t really need the money in spite of the fundraising, Chief Financial Officer Dhivya Suryadevara said. “I view this as a bit more opportunistic,” she said in an interview on Sunday. The company “is highly capital efficient.”Stripe was valued at $36 billion as recently as April, when it raised $600 million from investors including Andreessen Horowitz and Sequoia Capital.“It will just sit on the balance sheet,” Mike Moritz, partner at Sequoia Capital and a Stripe board member, said in an interview, emphasizing that the money will just be “a rainy day fund — it pays to have a little more insurance.”Stripe has benefited as some of its customers such as Instacart, which started out small, grew into significant companies. For Stripe, “the growth has been rapid and perhaps more rapid than anticipated,” Moritz said.Both Moritz and Suryadevara said Stripe will continue to seek out acquisitions. The company isn’t focusing on an initial public offering right now, the CFO said, and picked investors who shared its long-term view. “The next 10 years and beyond are even more exciting,” she added.Mark Carney, former governor of both the Bank of England and Bank of Canada, joined its board last month. He will help guide Stripe’s efforts to enable more businesses to bring funding to emerging carbon removal technologies.Stripe, which sells software allowing businesses to accept online payments, has been a beneficiary of the e-commerce boom accelerated by the coronavirus pandemic. The company has recently branched out to offer checking accounts to businesses through e-commerce providers, working with banks including Citigroup Inc., Goldman Sachs Group Inc. and Barclays Plc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
3 Stocks to Buy and Hold for Decades
Sun, 14 Mar 2021 11:05:00 +0000
These stocks have a rare combination of growth and stability that make them great retirement wealth builders.
3 Tech Stocks in Danger of a Dead-Cat Bounce
Fri, 12 Mar 2021 16:18:43 +0000
Bulls deserve credit for jamming most sectors back to new highs this week. The rebound led all but a single U.S. Index to new highs. Tech stocks remain the laggard, with the Nasdaq still stuck below its 50-day moving average. Because resistance remains in force, there’s a chance this rally turns into a dead-cat bounce. To prepare for that scenario, I’ve hand-selected a crop of vulnerable tech stocks. The lot of them saw increasing momentum during their last descent and could not climb above near-term resistance zones. As a result, the path of least resistance is lower. What’s more, since they’re all perched near a ceiling, the risk is low if you place your stop just above it. In other words, if this dead-cat bounce comes back to life, you can exit quickly with minimal loss. 7 OTC Stocks That Could Still Run with the Big Boys That said, here are the three stocks bears should target.InvestorPlace – Stock Market News, Stock Advice & Trading Tips Salesforce.com (NYSE:CRM) Apple (NASDAQ:AAPL) Zoom Video Conference (NASDAQ:ZM) Let’s breakdown each pattern and identify an options trade to profit. Tech Stocks in Danger of Dead-Cat Bounce: Salesforce.com (CRM) Source: The thinkorswim® platform from TD Ameritrade Salesforce.com was once a darling among investors. But, boy, has it fallen out of favor since November. While the rest of the market has been screaming higher, CRM stock has been plumbing the depths. The past two earnings reports delivered outsized price drops, hampering its recovery attempts. The latest one plunged prices below the 200-day moving average amid heavy distribution. Combining souring fundamentals with deteriorating technicals creates a compelling environment for short trades. This week’s bounce lacks conviction. The volume is low, and each candle suffered intraday rollovers. With Friday morning’s weakness, CRM is breaking the prior day’s low and could be starting its next descent. The Trade: Buy the April $210/$200 bear put spread for $3.45. Apple (AAPL) Source: The thinkorswim® platform from TD Ameritrade While Apple hasn’t experienced the type of fundamental fallout as CRM, its technicals have seen their fair share of bearishness. From January’s peak, the tech titan has seen its share price decline as much as 20%. The 50-day and 20-day moving average caved along the way. Fortunately for fanboys, the 200-day moving average still stands untested. Like CRM, this week’s bounce lacked any fireworks. Apple played along with the Nasdaq comeback, but its heart wasn’t in it. If this plays out like the last bounce attempt, a rollover will ensue. The 200-day moving average at $115 looms as the logical downside target. 7 OTC Stocks That Could Still Run with the Big Boys I remain open-minded that tech can get its act together. If AAPL pushes back above $125, then I’ll abandon my dead-cat bounce thesis. The Trade: Buy the April $120/$115 bear put spread for $2.00. Zoom Video Communications (ZM) Source: The thinkorswim® platform from TD Ameritrade Zoom rounds out my list of tech stocks with a pattern that mirrors its predecessors. Like CRM, its past two earnings announcements were underwhelming and delivered sucker punches to its price chart. It’s fallen below all major moving averages, including the 200-day. Volume during the recent post-earnings fallout was well above average, indicating that institutions were abandoning ship. That’s not the type of action that inspires confidence to would-be buyers. This week’s three-day bounce hasn’t done anything to change the trend structure. With old support and all moving averages looming overhead, the odds still favor this being a dead-cat bounce. I’ll start singing a more bullish tune if we climb above $380. Until then, this rally was born to be sold. The Trade: Buy the April $340/$320 bear put spread for $8.50 On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. For a free trial to the best trading community on the planet and Tyler’s current home, click here! More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post 3 Tech Stocks in Danger of a Dead-Cat Bounce appeared first on InvestorPlace.
Dow Jones Will Rise 7.6% More Thanks Mostly To 8 Stocks, Analysts Say
Fri, 12 Mar 2021 13:00:09 +0000
The Dow Jones Industrial Average and S&P 500 just hit another high. But analysts think the blue chips have 7.6% upside in 12 months thanks to eight stocks.
4 Dow Stocks With 24% to 31% Upside, According to Wall Street
Fri, 12 Mar 2021 11:06:00 +0000
Over the past month, we've witnessed an extremely rare divergence between the technology-dependent Nasdaq Composite and the iconic Dow Jones Industrial Average (DJINDICES: ^DJI). Whereas the Nasdaq Composite has dipped into official correction territory (down 10.5%, as of March 8), the Dow Jones pressed to a new intraday all-time high on Tuesday, March 9. What might come as even more of a surprise to investors is that, despite hitting an all-time high earlier this week, the Dow Jones Industrial Average is still home to a number of perceived bargains.
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