Investment Literacy Coach
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May 29th Stock Market Update - Salesforce $CRM plunges 17th After hours

May 29th Stock Market Update - Salesforce $CRM plunges 17th After hours

$TW $INFA $DOCS

Mukund Mohan
May 29, 2024

Market

“Salesforce.com $CRM the SaaS company stock plunged 17% after hours on revenue growth of 11% to $9.13B which missed expectations by $0.05B” 🤒 😬

All indices headed much lower today after a break from all-time-highs for weeks

This is a good point where you want to look at short positions that might be good targets. After all indices hit all-time-highs and no pending catalyst, I can see a downdraft again for 3-5% for the market.

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A down day for all sectors, but technology held most of its gains

Most of the big tech except Nvidia headed lower, with Meta and Broadcom much lower than 1%.

Insights from the portfolio

$TW Tradeweb Markets Inc Deep Dive and 2024 Outlook

Tradeweb Markets Inc. is a financial technology company that specializes in building and operating electronic marketplaces for trading fixed-income products, ETFs, and derivatives.

stocksmarts.substack.com/p/tw-tradeweb-markets-inc-deep-dive