It May Be Time For A Big Dollar Reversal Higher

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Salesforce (CRM)

I love when Salesforce reports results. They reported EPS of $1.21, which was better than estimates for $0.88, while revenue came in at $5.963 billion vs. estimates for $5.9 billion. Mind you that $0.24 of their reported earnings was due to gains on strategic investments. So back that out, and they still beat, just not by nearly as much, that comes to $0.97 per share. EPS estimates at the top end of the range for $0.95. So we will see how the market feels tomorrow. For now, the market seems appeased, with the stock trading up some at $236. Tomorrow is likely to be a different story.

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Disclosure: Mott Capital Management, LLC is a registered investment adviser. Information ...

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