Wednesday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session
Snowflake and Salesforce CEOs appear on Jim Cramer’s show as analysts track earnings, targets and volatility across tech, airlines and logistics stocks.
- A tech rally lifted the S&P 500 to a new intraday record of 7,539.8 on Wednesday as technology stocks gained momentum throughout the trading session.
- Big Tech CEOs including Snowflake's Sridhar Ramaswamy and Salesforce's Marc Benioff are set to appear on Mad Money with Jim Cramer Wednesday night.
- Of analysts tracked on FactSet, 46 rate Snowflake buy or overweight while 40 rate Salesforce the same, though Snowflake faces steeper implied volatility at 12% versus Salesforce's 8%.
- Salesforce shares hit a high on Tuesday, closing at $179.08 ahead of after-hours earnings reporting alongside Snowflake.
- While analysts have reconfirmed estimates over the past 30 days suggesting stable business conditions, Salesforce has missed Wall Street revenue estimates multiple times over the last two years.
11 Articles
11 Articles
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The S&P 500 and Nasdaq hit record closing highs on Tuesday (May 26), as artificial intelligence-fueled optimism offset anxiety over Middle East peace talks – concerns that were compounded b... Read more at The Business Times.
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