Bad News Rife, Markets Down Ahead of Jobs Report

06:48pm, Thursday, 05'th Jan 2023
Low guidance and stubbornly high jobs numbers are a recipe for bearishness.
There are plenty of cheap tech stocks to buy since so many lost a lot of their value over the last year. The tech-heavy Nasdaq composite index has lost more than 33% of its value in 2022.
Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.
"CRM should have been down 25% on those job cuts. Job cuts are so not the reason to own that," Burry tweeted.
Salesforce (NYSE: CRM ) has not been trading all that well, but by now, that shouldn't be a surprise. However, CRM stock did catch a nice boost to start the year.
Salesforce.com (CRM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Over the last 24 hours, there have been new layoffs announced, and it's from some big names.
U.S. chip designer Qualcomm Inc and cloud-based software firm Salesforce Inc plan to develop a new connected vehicle platform for automakers, the companies said on Thursday.
Salesforce's layoffs signal that the tech industry is going to continue downhill, as customers cut spending. Here's a forecast for the storm ahead.
The rash of layoffs come after tech companies hired aggressively during the pandemic. But fears of a recession in 2023 have put the brakes on growth.

Salesforce Announces Layoffs

07:46pm, Wednesday, 04'th Jan 2023
SoFi Head of Investment Strategy Liz Young joins Caroline Hyde to discuss how Salesforce became part of the latest tech companies to announce layoffs, and what to expect in tech in 2023, and why she t

Salesforce Says It Hired Too Many People

07:46pm, Wednesday, 04'th Jan 2023
Bloomberg's Brody Ford reports on the latest round of layoffs in the tech sector. Salesforce is cutting 10% of its workforce.
Cramer explained what he believes the layoffs at Salesforce reveal about the tech industry.
CNBC's Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds.
After a bad 2022, analysts say that Salesforce, Microsoft, and other cloud companies will see more customers cut costs. The results could get grim.
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