Tag: NYSE

Salesforce.com (NYSE:CRM) could fall to $66

Salesforce.com (NYSE:CRM) could fall to $66

Technical Analysis
Salesforce.com (NYSE:CRM) closed $0.90 lower on Friday at $81.83 or 1.09% lower on the day. SEC filing reports suggested that there was some insider activity as Dayon Alexandre, President and Chief product officer at Salesforce.com sold 2,166 shares on Friday, June 10th at an average price of $82.00. Currently, the stock stands at $81.83, which is -1.09% from its open. How did it get here? Year to date, Salesforce.com’s stock has performed at 4.38%.  Breaking that down further, it has performed -1.21% for the week ending June 10th, 2016, 10.44% for the month of May, -5.83% over the last quarter (Q1, 2016). RETURNS AND RECOMMENDATION While looking at past performance of a particular stock is important when speculating on its future, we must take other indicators into consideration a
Caterpillar Inc. – This short position could work

Caterpillar Inc. – This short position could work

Technical Analysis
On Friday May 6th at the 21st annual Sohn Conference in New York which saw hedge funds coming together for a charity for pediatric cancer, David Einhorn, founder of Greenlight Capital noted that he was short on Caterpillar Inc. (NYSE: CAT). He said that Caterpillar Inc's business was at the bottom. Asking the question whether Caterpillar Inc. was at or near the trough, Einhorn said that he thinks it is much close mid-cycle and that it could bottom in 2018. Most importantly, he said that he expect Caterpillar Inc. to trade at half of its current price. On May 6th, market close, Caterpillar Inc. close at $73.36. More details here. Justifying his call, Einhorn said that Caterpillar's business, which is primarily in resources, construction, energy and transport; sectors that are currently w...