Shares of Salesforce (NYSE: CRM) popped on Thursday after the cloud software leader announced a sharp increase in operating profits and issued an upbeat forecast for the coming year. As of 3:12 p.m. ET, Salesforce's stock price was up more than 11%. Salesforce's revenue jumped 14% year over year to $8.4 billion in its fiscal 2023 fourth quarter, which ended on Jan. 31. Read More...
‘Load Up,’ Says Raymond James About These 3 ‘Strong Buy’ Stocks
For more than a year now, the markets have been preoccupied by the Fed with the focus squarely on inflation’s trajectory and the central bank’s counter measures of rising interest rates. “With this in mind,” says Larry Adam, Chief Investment Officer at Raymond James, “it is understandable that the market is analyzing every development in these two dynamics within the framework of what it means for the Fed.” However, with the spotlight turned solely on those factors, Adam thinks increasingly prom