$Salesforce (CRM.US)$ No matter the PCE results this has ton...
$Salesforce (CRM.US)$ No matter the PCE results this has tons of potential to rise. Take a look at it's customers, are they regular consumers or companies? While I am not condoning 100% you should buy it, it does make sense that longing might be a wise choice.
Then again, you'll never know in this market ![]()
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High risk & leverage trading focus on Tech/AI & Crypto. Ex-Software Engineer.
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Arrayfunction : Is there a reason why Salesforce in particular is used as a higher significance stock? I thought it was just a customer service platform so not really worthwhile until economy of scale is built in
Novice Trades OP Arrayfunction : I'd say it's a variety of factors, to which I can't exactly weigh which is more important. While so, it is most likely the fact that the ecosystem right now is unstable (eg presidential disputes), speculation over inflation, and the fact that earnings for many of the surrounding software and big tech companies are highly variable along with the 'clumps' of periods in which groups of stocks are releasing their earnings in close proximity.
Arrayfunction Novice Trades OP : Thanks for the explanation! I just thought it was an odd choice. I figured Oracle would more the "big name" in cloud based services. I do understand why that would operate differently from the social media companies - but perhaps I am biased since I work for a big corporation that loves just grabbing off the shelf products and trying to fit the square leg into a round hole vs just having something get built by internal staff
Novice Trades OP Arrayfunction : cheers man, may the market be in your favor!
Junior Seng Arrayfunction : hello! i recommend watching the Salesforce video from Joseph Carlson on youtube, he explained it quite well imo. :)