Salesforce (CRM) is down 34% YTD with low expectations, while Figma’s strong beat and raised guidance suggest software demand is resilient. Low expectations create a high probability of an earnings beat, which could shift the negative narrative and drive a re-rating similar to Crowdstrike’s recovery. Long CRM into its late-May earnings report as a contrarian play on software sentiment turn.
Salesforce (CRM) is down 34% YTD with low expectations, while Figma’s strong beat and raised guidance suggest software demand is resilient. Low expectations create a high probability of an earnings beat, which could shift the negative narrative and drive a re-rating similar to Crowdstrike’s recovery. Long CRM into its late-May earnings report as a contrarian play on software sentiment turn.
Crowdstrike (CRWD) recovered from a 37% drawdown earlier this year and is now back to all-time highs, proving the software sector can rebound. If software narrative is turning, CRWD’s recent strength signals momentum that could continue as investors rotate back into SaaS. Long CRWD as a momentum play riding the sector recovery, supported by author’s existing position.
Crowdstrike (CRWD) recovered from a 37% drawdown earlier this year and is now back to all-time highs, proving the software sector can rebound. If software narrative is turning, CRWD’s recent strength signals momentum that could continue as investors rotate back into SaaS. Long CRWD as a momentum play riding the sector recovery, supported by author’s existing position.