|Day Low/High||279.05 / 284.80|
|52 Wk Low/High||201.62 / 282.77|
CRM is still suffering, but a number of other cloud stocks are still hot. Here is how to play it.
You all know that I love the software/cloud type names.
We have to stipulate what makes a market really tick these days in a world where we are ruled by tariffs and trade with a Fed sideshow.
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
The downbeat progression of talk is at odds with the market itself.
If you can survive this hell week you can pretty much survive anything.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.
'Rookie buying' ahead of the print can get you in trouble.
We have to hope they are given a better chance to tell their story than they were Wednesday.
Use the swoon to buy, but wait until the coast is clear and nothing happens and it is just a random rotation.
I am going to lay it all out for you so you understand what happened today and what will continue to happen now that we are in the IPO gauntlet.
'Investors need to see this stock stabilize before the cloud kings will be safe to buy.'
Why am I not more worried about a recession? Because Fed Chair Jay Powell has our back.
Why are big institutions running and can you outrace them?
Samsung's latest flagship phones contain meaningful hardware improvements, and reviews have been pretty good. They're unlikely to be smash hits, but demand could be better than feared.
It is so patently obvious what's happening that it's almost other worldly.
What I noticed most about Q4 GDP was the increase in business investment.
The least covered and perhaps most important of the Wednesday's three events was the appearance of U.S. Trade Representative Robert Lighthizer before the House Ways and Means Committee.
Zendesk's stock has been on a tear. But there may still be some room for growth in the weeks ahead for the high-flying customer service software company.
After many years of trying to compete in China, Amazon is reportedly in talks to merge its Chinese operations with those of a bigger local player.
These firms offer complex hardware and software solutions that empower the modern-day corporation.
An $11 billion deal to buy cloud HR software firm Ultimate Software is the latest in a string of major software M&A transactions. More are likely on the way.
Here's why these companies do well in a choppy environment.
Whether this is the end of the slump is still up for debate, but the crash since October has been brutal and all bear markets end the same way.
As the market has encountered a bit of volatility and tech stocks began to falter overall, many cloud companies have outpaced the market on the way down.
Let's see how far this breakout can carry.
Use it to your advantage or don't use it at all.
There are some solid individual names in tech, but traders must be selective.