Top S&P 500 Stocks to Watch This Week: CrowdStrike, Salesforce, Workday
Key takeaways
- S&P 500 pulls back; key tech names—NVDA, CRWD, CRM, WDAY—are set to report earnings that could confirm or challenge the high‑growth tech narrative amid acquisition buzz.
- S&P 500 closed at 7,674
- All‑time high 7,820
- Workday Q2 revenue 12% to $2.64 billion
What happened
The S&P 500 fell from its record high of 7,820 to 7,674 as bond‑market jitters spread to equities. Nvidia (NVDA) is the headline stock, while CrowdStrike (CRWD), Salesforce (CRM) and Workday (WDAY) are the top S&P 500 names to watch this week. Workday will report Q2 earnings, amid rumors that private‑equity firm Silver Lake is in talks to buy it at a low valuation. Salesforce is set to release earnings that could confirm a 10% revenue jump to $11.3 billion and EPS rise to $3.27. CrowdStrike is…
Why it matters
These earnings will test the resilience of the SaaS sector amid the so‑called SaaS‑pocalypse and could influence investor sentiment on high‑growth tech stocks. Workday’s potential acquisition by Silver Lake could reshape its valuation and strategic direction. Salesforce’s organic growth metrics will be scrutinized…
Short-term and longer-term
Short-term. Short‑term traders should monitor WDAY’s earnings for any Silver Lake deal signals, as a positive outcome could trigger a breakout above $250.
Longer-term. Over the next few weeks, investors should assess whether the SaaS sector can sustain its growth trajectory post‑pandemic.