NewsMV
In focus Wednesday evening: CrowdStrike ($CRWD) and Salesforce ($CRM), two software names that have rallied into their quarterly prints.
The reports will determine whether those moves were built on something the business can hold. Both stocks have run into the quarter, and that context shapes how the prints land.
Results that validate the gains need to show the street something it can accept at current levels.
Results or guidance that come in short of what the market had priced in could reverse the trades quickly, since the move in each name arrived before the numbers did.
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