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The Market Glance for February 26: Salesforce Has a Compelling Growth Story

Asif Imtiaz Feb 26, 2018


Rising personal income and a potential surge in new home sales during January will likely keep the bullish momentum going in the equities markets. Moreover, if some key Q4 earnings reports live up to the estimates, we might again see the Dow inching closer to its all-time high.

International expansion, innovation, and acquisitions are likely to keep the annual revenue growth of Salesforce.com Inc. (CRM ) close to 12% and in Q4 2017 the estimate is that their quarterly EPS will have grown by an astonishing 450% compared to last year. This week, we will also see earnings from a number of other large-cap companies that may dazzle investors with above-average earnings in Q4.

New home sales worried market participants last month when the figure dropped significantly during December. As consumer sentiment level rebounded near the 100 mark last month, we might see homebuyers becoming more comfortable making long-term commitments. However, there is a supply gap in the housing market and rising prices might have a negative impact in January, so don’t hold your breath.

Check out last week’s Market Glance here, in which investors scrutinized Walmart’s e-commerce ambitions.

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