Salesforce.com NYSE: CRM has been a brutal trade over the past year or two. The stock price came under pressure following the pandemic bubble, and fears of slowing growth amplified the effect. Each time the company produced better-than-expected results, bears sold into the rally, creating a string of buy-the-dip opportunities in 2022 and 2023 that have now paid off.
The Q3 results are mixed to include a better-than-expected margin and increase to profit guidance that sent the stock price up 10% to a multiyear high, confirming a complete reversal.
Stock market reversals are a tricky pattern to trade. The reversal can all too often turn from up or down to sideways and leave the market trading in a range rather than entering a new trend. In this case, the bottoming pattern has been completed; the pattern has been broken and opens the door to a $100 increase in share prices.
That target is derived from the magnitude of the pattern, a Head & Shoulders worth $100, and that figure is projected to the break-out point. That puts the market at $330, an all-time high above the analysts' highest price target.
No matter what happens in the market; finding good companies to invest in when their stock prices are low is one of the best ways to build wealth using the stock market. These stocks could grow 10X their current price, which are currently a BARGAIN. Buying stocks like these when the market is down could lead to massive wealth and net worth growth when the markets go back up. From Darwin.
Often, investors will overlook stocks just because they're cheap. It's a common thought that a cheap price tag means that something must be wrong with the company. But this couldn't be further from the case in many instances. From TradingTips.
AI robots will make it cheaper to manufacture goods here in America than China. And they'll create new American jobs in construction, maintenance, transportation, management, and more. Musk believes the potential of these robots is almost limitless… From Paradigm Press.
Juan Villaverde is no ordinary crypto trader. In the middle of a raging bull market at the beginning of 2018 … His proprietary timing algorithm warned investors a crash was coming. And led him to rack up a series of gains of 477%, 333% and 153% on Bitcoin … From Weiss Ratings.
The US Army says they're going to "build a lot of them very quickly." And one tiny defense contractor won the contract to build these weapons. The soaring demand for these weapons will undoubtedly have a major impact on this defense contractor's stock price. From Behind the Markets.
