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Salesforce Growth, Strong Guidance Lift Internet ETFs May 28, 2021
Salesforce.com Inc. (NYSE: CRM) jumped Friday, lifting internet-related exchange traded funds, after the cloud-based software company topped expectations and raised its outlook.
On Friday, the
Meanwhile, Salesforce shares jumped 5.9%. CRM makes up 8.7% of IGV, 4.5% of FDN, and 4.2% of PNQI.
Salesforce revealed fiscal first quarter net income of $469 million, or 50 cents a share, compared with $99 million, or 11 cents a share in the same period last year, MarketWatch reports. Revenue also rose to $5.96 billion from $4.87 billion year-over-year.
“We had the best first quarter in our company’s history,” said Marc Benioff, Salesforce chairman and chief executive, in a statement. “We believe our Customer 360 platform is proving to be the most relevant technology for companies accelerating out of the pandemic.”
Mobile apps represent a wealth of opportunity for investors with an interest in technology stocks.
The ubiquity of mobile devices and their prominence in everyday life has led to the development of mobile apps for everything from gaming and dating to banking and stock trading.
Mobile apps began rising to prominence in 2007 with the launch of iPhone, which heralded a new era in connectivity brought about by revolutionary touch technology. The diversity of today’s offerings makes investing in mobile apps an appealing prospect.
With nearly 3 million apps in Google’s (NASDAQ:GOOGL) Google Play Store, and nearly 2 million apps available in Apple’s (NASDAQ:APPL) App Store, there is no shortage of app choices for mobile devices.
Netflix shares advanced 17.9% on Wednesday, touching an all-time high. NFLX makes up 4.7% of VOX’s underlying portfolio, 4.7% of PBS, and 4.7% of FDN.
Netflix shares is experiencing its biggest daily gain since it closed up 19% in October 2016, CNBC reports.
The media streaming service is rallying after it revealed in its Q4 2020 earnings report that it was considering stock buybacks and had surpassed 200 million subscribers for the first time.
“We’ve gone from a historical bear on NFLX to a card-carrying bull,” Wells Fargo analysts said in a note, upgrading its price target to on NFLX. At least 15 other firms also raised their price targets.
FT Portfolios Canada Co. Announces Proposals to Change the Investment Objectives of Certain Funds
TORONTO, Dec. 18, 2020 FT Portfolios Canada Co. (the “
Manager”), the manager of First Trust AlphaDEX™ U.S. Utilities Sector Index ETF, First Trust AlphaDEX™ U.S. Consumer Staples Sector Index ETF, First Trust AlphaDEX™ U.S. Consumer Discretionary Sector Index ETF, First Trust AlphaDEX™ U.S. Materials Sector Index ETF, First Trust AlphaDEX™ U.S. Energy Sector Index ETF, First Trust AlphaDEX™ U.S. Financial Sector Index ETF and First Trust Dorsey Wright U.S. Sector Rotation Index ETF (CAD-Hedged) (collectively, the “
Funds”) is pleased to announce that the board of directors of the Manager has approved a proposal to change the investment objectives of each of the Funds as set out below (the “