Dow Jones futures fell modestly Monday night, along with S & P 500 futures and Nasdaq futures, after growth names led to a volatile stock market move. Salesforce.com (CRM) and Chinese Internet shares YY (YY) and majority owned Huya (HUYA) reported earnings late. Salesforce stock fell late on Tuesday and suggests a possible test of the last place of purchase. Huya stock and YY stock jump in expanded trading.
Salesforce inventory has the best possible IBD Composite Rating of 99 and is on IBD's sector leaders list. Huya stock has an 85 composite rating; The company recently became profitable. YY has a 58 CR.
Dow Jones Futures Today
Dow Jones futures fell 0.2% below fair value. S & P 500 futures were 0.25%. Nasdaq 100 futures deleted 0.35%. Keep in mind that taking over in Dow futures, Salesforce shares, and elsewhere does not necessarily translate into actual trading in the next ordinary stock market session. The Dow Jones futures were positive on the way to Monday's open, but clearly it didn't last long.
Current Stock Market Collection
The largest stock markets were opened higher, but reversed sharply lower before they were closed modestly lower. The Nasdaq composite fell 0.2%, and S & P 500 lost 0.4%. Dow Jones withdrew 0.8%, pulled down by UnitedHealth (UNH) and Walgreens (WBA) as "Medicare For All" fear continues to beat insurance companies and some related stocks.
Software Stocks Hit
Growth stocks were also big losers, including top software names such as Salesforce stock and IBD Leaderboard names CyberArk Software (CYBR) and ServiceNow (NOW). The CyberArk share closed 3.9%, and the ServiceNow share cut 2.7%, but they were good today. Their inventory charts still appear to be healthy.
But the data analysis and security software manager Splunk (SPLK) fell 5% in Monday's action, and falls below a buying point. The Splunk share was reversed from a record high to close slightly after reporting earnings late on Thursday.
One of the best ETFs in today's stock market collection, iShares Expanded Tech Software ETF (IGV), fell 1.9% on Monday after losing 3.3% intraday. It is after IGV hit a new high soon after the opening bubble.
After such a quick start, it is not surprising to see a withdrawal. It is unclear whether the current stock market rally, both the major averages and the leading stocks, will boast of Monday's action, pause for once or withdraw more significantly.
Q4 Salesforce revenue came in at 70 cents share, including a 12 percent accounting gain. Revenues increased by 26% to $ 3.6 billion. Analysts expect Salesforce's earnings of 55 cents per share, with revenues of $ 3.56 billion.
For the first quarter of 2020, the slider software pioneer sees EPS at 60-61 cents, with sales of $ 3.67 billion to $ 3.68 billion. Analysts had predicted salesforce earnings per share of 63 cents and sales of $ 3,691 billion to $ 3.68 billion. The fiscal policy completion plan by 2020 was roughly in line.
Salesforce sees a $ 20 billion $ 2023 financial turnover.
Sales force shares fell 2.7% to 154.25 late after closing 3.7% to 158.50. Stocks can test a 153.37 handle purchase point removed on February 1 in light volume.
Salesforce earnings guide can weigh on the best software stocks on Tuesday. IGV ETF had the Salesforce share as its peak at 8.9% per share. 1 March.
Huya Earnings came in at 11 cents per share against a break-even quarter a year earlier. Analysts expected Huya earnings of 5 cents. Revenues shot up 103% to $ 218.9 million, also hit. Huya is China's largest video game live streaming operator.
The Huya share increased by 11%.
The Huya share was announced on 12 shares in May 2018 and jumped to 50.82 on June 15. The IPO share fell all the way to 14.44 on December 7. Since then, the Huya share has recovered, but it fell 2.6% to 24.56 on Monday. The stock has never had a real base.
Meanwhile, YY revenue fell against a year earlier after growth slowed for several quarters. EPS made top view. The live-flowing game increased sales by 28% to $ 675 million, which is consistent with growth in the previous quarter.
YY is the majority owner of Huya.
An earlier version of this story mistakenly stated that Salesforce.com is on the IBD Leaderboard.
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