Wednesday's big stock stories: What’s likely to move the market in the next trading session
CNBC Top News ·

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Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as a tech rally lifted the S & P 500 to fresh records, and what's on the radar for the next session. Big Tech CEOs on a big edition of 'Mad Money' Wednesday night with Jim Cramer Snowflake and Salesforce both report after the bell. Both stocks aren't doing as well as investors would hope. Sridhar Ramaswamy, CEO of Snowflake joins Cramer on Wednesday night. The stock has gained 2.6% in the past three months. Shares are down 37% from the November high. Marc Benioff, CEO of Salesforce is on " Mad Money " as well. The stock has lost 10% in the past three months. The stock is down 36% from last year's high. StockStory, a web platform covering the stock, went through all the analysts and reports: "The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Salesforce has missed Wall Street's revenue estimates multiple times over the last two years." Implied volatility, which measures how much a stock is expected to move after the earnings report, is around 8% for Salesforce. Implied volatility has been at about that level in each of the last four quarters for the stock, but has come in under each time by about 50%. …
Original source: CNBC Top News
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