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Salesforce.com Roars Ahead

Salesforce.com (CRM) logoIf you took some profits off the table in June, with customer relationship software giant Salesforce.com (CRM), which I first wrote about on June 18, 2009, at a price of $40.16, you most likely notched a better than 80% on those shares.

Since that time, the stock has raced ahead, powering through key psychological resistance at $100 like a BMW 7-Series in third gear, then vaulting to $124, before pulling back to about $108.

Continue reading Salesforce.com Roars Ahead

Intel in Uptrend

Thinking about shorting Intel's stock? Think again. Bellwether Intel Corporation (INTC), the world's largest semiconductor manufacturer, is signaling that the global economic recovery is strengthening, which is why I'm reiterating my buy rating for the company's shares, first recommended on March 30, 2009, at a price of $14.72. If you bought Intel in March, you're up 40%.

Look for Intel's FY2010 revenue to increase 11-15%, as customers re-build inventories to prepare for ramping demand for computers, and chip-needed devices, each of which thoroughly explains why institutional investors (IIs) have looked past INTC's poor FY2009 results.

Continue reading Intel in Uptrend

Symbol Lookup
IndexesChangePrice
DJIA+16.3015,370.70
NASDAQ+1.983,500.95
S&P 500+2.591,670.06

Last updated: May 20, 2013: 01:50 PM

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