XLK outperformance has persisted as inflation was not a negative event in May. We look for the outperformance trend to continue at the sector level given the absence of material headwinds and investor recognition of long-term leadership. Our new Elev8 Sector Model debuts with XLK as an OVERWEIGHT allocation of 2.92% for June
Salesforce was the best performing component of the Dow Jones Industrial Average on Friday, with shares trading up 1.8%. However, the company has lost approximately 15.6% year to date.
In the morning trading session on Friday, Salesforce had the highest performance among the Dow Jones Industrial Average components, rising 1.8%. Since the beginning of the year, Salesforce has experienced a decrease of approximately 15.6%.
Keep an eye on these two important price levels as Salesforce shares dropped over 16% after the company’s quarterly report.
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Salesforce held its Q1 2025 Earnings Call on May 29, 2024 at 5:00 p.m. ET. The Operator provided further details.
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Throughout the week, Wall Street was eagerly anticipating a favorable inflation report, and their hopes were largely fulfilled. Despite this, some inflation components remain elevated.
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