Artificial intelligence (AI) optimism hasn't been enough to offset weak near-term results.
A revenue growth deceleration might not be as bad as it looks.
Salesforce reported quarterly financial results that sent the stock price downward.
Salesforce stock was down 20% after reporting earnings.
The market overreacted to a slight miss in Salesforce's quarterly revenue. Meanwhile, it made a massive 66.3% free cash flow margin, guiding for 31.8% for the year. CRM stock looks deeply undervalued here....
All three companies recently started a dividend program.
June S&P 500 E-Mini futures (ESM24) are up +0.26% this morning after the release of the Fed’s first-line inflation gauge.
Asian shares are higher as investors shrug off yet another decline on Wall Street
The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.06%. US stock...
Salesforce reported weak first-quarter growth and cut guidance in some metrics.