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We recently published a list of 10 Mega Cap Stocks Gaining Bullish Momentum This Week. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other mega cap stocks gaining bullish momentum this week.
The S&P 500 index started the week with a bang after staying under pressure for a few days. There was a realization that Wall Street may have overestimated the impact of tariffs. Once the dust settles, the market will continue to go higher, just like the US economy which continues to grow despite challenges.
When the broader market corrects itself due to uncertainty, such as the one brought about by Trump’s tariff wars, mega-cap stocks also get affected. This provides investors, especially the ones that invest at regular intervals, to take another bite of these impressive stocks. The same situation happened during the last week, and we believe that after Monday’s impressive recovery, the trend is about to reverse.
Mega cap stocks like the ones in our list have driven the market in recent months and are therefore likely to be the ones leading it again. We decided to come up with the top 10 mega-cap stocks in the S&P index that have lost a considerable chunk of value in the last month and are now trading at a discount, a valuation gap that could quickly be recovered during this week’s trading.
To come up with the list of 10 oversold S&P 500 Mega-Cap Stocks To Trade This Week, we only looked at stocks with a market cap of at least $200 billion that have lost the most value in the last month.
A customer service team in an office setting using the company's Customer 360 platform to communicate with customers.
Salesforce, Inc. (NYSE:CRM)
Salesforce, Inc. (NYSE:CRM) is a customer relationship management (CRM) technology provider. Its technology connects customers and companies. The company provides Data Cloud, Salesforce Starter, Agentforce, Industries AI, Slack, MuleSoft, and Tableau.
Software stocks are expected to drive the next AI bull run and Salesforce is one of the most likely stocks to lead that rally. Salesforce, Inc. (NYSE:CRM) has a wide range of AI products, as recently pointed out by Evercore analysts, calling the stock the most resilient if AI and software spending were to slow down.
Salesforce, Inc. (NYSE:CRM) is also making its mark on a global level after recently announcing a $1 billion investment in Singapore. This will further help the company strengthen its AI offering, Agentforce, which is gaining traction by the day and cashing in on a good chunk of the AI growth.