Salesforce (CRM) Offering Possible 31.58% Return Over the Next 17 Calendar Days

Salesforce's most recent trend suggests a bearish bias. One trading opportunity on Salesforce is a Bear Call Spread using a strike $247.50 short call and a strike $252.50 long call offers a potential 31.58% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $247.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock rose above the $252.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Salesforce is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Salesforce is bearish.

The RSI indicator is at 41.57 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

Snowflake Attracts Berkshire, Salesforce to Technology IPO
Tue, 08 Sep 2020 22:51:53 +0000
(Bloomberg) — Snowflake Inc. plans to raise as much as $2.38 billion in one of this year’s biggest technology initial public offerings that has already attracted the likes of Warren Buffett.The San Mateo, California-based company said in a filing Tuesday that it will market 28 million shares for $75 to $85 each. At the top of that range, Snowflake would be valued at $23.7 billion based on the outstanding shares listed in the filing.That would give the cloud-data company a valuation of almost twice that in its last private funding round of $12.4 billion.Timed with the IPO, Berkshire Hathaway Inc. and Salesforce Ventures, an arm of Salesforce.com Inc., will each buy $250 million the company’s Class A common stock in a private placement. Berkshire has also agreed to buy 4 million shares in a secondary transaction, according to the filing.Snowflake raised $479 million in February at a valuation of $12.4 billion from backers including Dragoneer Investment Group and Salesforce Ventures. Other investors include Iconiq Capital, Sequoia, Altimeter Capital, Madrona Venture Group, Redpoint Ventures and Sutter Hill Ventures.Tech RushOther technology companies are also gearing up for their listings once the U.S. holiday weekend is over. JFrog Inc., a technology company that makes tools for software developers,set terms on Tuesday for its up to $428 million IPO, according to a filing.Cloud software platform Sumo Logic Inc. also filed Tuesday to sell 14.7 million shares at $17 to $21 apiece, or $310.8 million, its listing document shows.Meanwhile, the two direct listing candidates, Palantir Technologies Inc. and Asana Inc. are hosting investor days Wednesday and Thursday respectively, the companies said on their websites.Snowflake, which announced an enhanced strategic partnership with Salesforce in June, said it had more than 3,000 customers as of July 31, including 146 of the Fortune 500, according to its filing.The company said it lost $171 million on revenue of $242 million for the six months ended July 31, compared with a loss of $177 million on revenue of $104 million for the same period last year.The Snowflake offering is being led by Goldman Sachs Group Inc. and Morgan Stanley. Snowflake plans to list its shares on the New York Stock Exchange under the symbol SNOW.(Updates with background starting in 7th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Warren Buffett and Salesforce Will Invest in Snowflake's IPO
Tue, 08 Sep 2020 22:26:12 +0000
Cloud data management company Snowflake revealed in a regulatory filing today that Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and salesforce.com (NYSE: CRM) would each make a $250 million investment in the company using a concurrent private placement in conjunction with its initial public offering (IPO).

Warren Buffett's Berkshire Hathaway to buy $250 million worth of Snowflake's shares in private placement
Tue, 08 Sep 2020 19:49:54 +0000
Berkshire is expected to purchase another 4 million shares from a stockholder in a secondary transaction.

Dow's nearly 525-point drop led by losses for Apple Inc., Boeing shares
Tue, 08 Sep 2020 19:22:00 +0000
DOW UPDATE Dragged down by declines for shares of Apple Inc. and Boeing, the Dow Jones Industrial Average is seeing a selloff Tuesday afternoon. Shares of Apple Inc. (AAPL) and Boeing (BA) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 520 points lower (-1.

Boeing, Apple Inc. share losses lead Dow's 437-point drop
Tue, 08 Sep 2020 18:22:00 +0000
DOW UPDATE Dragged down by declines for shares of Boeing and Apple Inc., the Dow Jones Industrial Average is in a selloff Tuesday afternoon. Shares of Boeing (BA) and Apple Inc. (AAPL) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 437 points (1.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.