The S&P 500 Index pulled back from its record high last week as jitters in the bond market rippled through equities. The index closed at 7,674 points, down from the all-time high of 7,820 set earlier in the month.
Nvidia (NASDAQ:NVDA) headlines the stocks to watch this week, with CrowdStrike (NASDAQ:CRWD), Salesforce (NASDAQ:CRM) and Workday (NASDAQ:WDAY) also drawing investor attention.
Workday to Publish Earnings Amid Silver Lake Acquisition Rumors
Workday, a company that offers software for HR, accounting, planning, and legal solutions, will be in the spotlight this week as it publishes its earnings. These numbers come at a time when there are acquisition rumors.
A recent report said that Silver Lake was in talks to acquire it, taking advantage of its cheap valuation. Workday’s management may comment about this when it releases its results.
Workday’s earnings will also provide more color about demand of its services amid the ongoing SaaSPocalypse fears. The average estimate is that its revenue rose by 12% in the second quarter to $2.64 billion.
Technically, Workday is nearing the formation of a golden cross as the spread of the 200-day and 50-day moving averages narrows. Such a cross would provide it with renewed momentum as bulls target the key resistance at $250.
Salesforce Stock to React to Earnings
Marc Benioff’s Salesforce has staged a strong comeback in the past few months, moving from a low of $146 in July to the current $208. This rebound happened as investors bought the dip and as the SaaSPocalypse fears started to ease.
The company, which runs the biggest CRM operation, will publish its earnings this week. Analysts expect these results to show that its revenue jumped by 10% in the last quarter to $11.3 billion, with earnings per share moving from $2.91 in Q2’25 to $3.27. Salesforce has a reputation of beating analysts estimates and raising its guidance.
This time, however, investors will focus on its organic growth that strips out its Informatica acquisition. It spent $8 billion for the purchase, which closed in November last year.
CrowdStrike to Provide Insights on Demand
CrowdStrike and other top cybersecurity companies have soared this year as investors predict renewed demand as hacks grow. Top AI companies like Anthropic and OpenAI have reported some hacks as their models advance.
As a result, there is hope that more companies will use companies like CrowdStrike to fight against these attacks. Analysts expect the results to show that its revenue jumped by 23% in the last quarter to $1.4 billion.
Most analysts have a bullish outlook for the company, with the average target being $401, up by 109% from the current level.
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