KEY
TAKEAWAYS
- Okta’s inventory has a historical past of massive earnings strikes. Look ahead to assist ranges throughout a pullback and upside targets if worth rises.
- AutoZone continues to learn from rising restore demand and is right for affected person buyers in search of regular progress.
- Salesforce is struggling, however is one to maintain in your radar.
This week, whereas everybody else is targeted on NVIDIA Corp. (NVDA), we are going to focus our consideration on shares with earnings which will get ignored.
We’re watching a special group of shares heading into earnings: Okta, Inc. (OKTA), AutoZone, Inc. (AZO), and Salesforce.com, Inc. (CRM). OKTA and AZO are making new highs as they head into their earnings name, whereas CRM is struggling.
Let’s break down one of the best danger/reward set-ups as we kick off the week.
Okta, Inc. (OKTA): Volatility Now, Potential Later
Okta’s inventory worth broke out to new 52-week highs per week earlier than it posts its quarterly numbers. The cybersecurity firm has skilled excessive volatility after posting earnings. Within the final three quarters, the inventory noticed some fairly massive swings—up 24.3%, up 5.4%, and down 17.6%. Its common worth change post-earnings is +/-10.2%.
Technically, I like this setup. Let us take a look at a five-year day by day chart.

Shares have damaged out forward of earnings and have loads to reverse. If we see weak spot after outcomes, there are a number of assist areas the place we’d wish to enter the inventory with favorable danger/reward. The primary robust assist space is between $115/$118, an outdated resistance stage that the inventory simply eclipsed. Previous resistance might act as new assist and supply a chance.
Outdoors of current weak spot resulting from “Liberation Day,” OKTA’s inventory worth has outperformed its friends and held key shifting averages. Use ranges just under the 50-day shifting common round $110 as a near-term cease if $115 does not maintain.
To the upside, there may be a lot to reverse and targets of $150 to $160 are attainable. Should you’re a longer-term investor, the downtrend is damaged and the bulls are again in cost.
AutoZone, Inc. (AZO): Using Regular
The retail chief in automotive alternative elements and equipment, AutoZone, Inc. (AZO), continues to rise, slowly and steadily, regardless of market volatility. The inventory worth is up 20% year-to-date, and we hope so as to add to these positive factors once they report on Tuesday morning.
One factor that has helped AZO’s continued progress is that the common automotive is roughly 12 years outdated. Shoppers are investing extra in upkeep and repairs as a substitute of buying new automobiles. And with tariffs, shopping for a brand new automotive turns into costlier, which advantages the automotive restore and upkeep enterprise.
Let us take a look at that long-term uptrend on a weekly chart going again 5 years.

The inventory is a juggernaut. It has ridden the 50-week shifting common persistently since Covid. It’s in a good looking uptrend and made new highs once more simply final week.
Whereas the development itself seems a tad prolonged above its averages, any journey again in the direction of its current uptrend line provides buyers a powerful entry level, with draw back danger in the direction of its 50-week shifting common.
It is also one of the best in school when in comparison with its prime rivals, corresponding to O’Reilly Automotive (ORLY) and Superior Auto Components (AAP). When robust uptrends in a difficult surroundings, it is best to seek out one of the best in school, and AZO continues to be simply that. The development continues to be the investor’s greatest pal.
Salesforce (CRM) Hits a Crossroads
A yr in the past, Salesforce (CRM) shocked buyers with a income miss for the primary time since 2006. This resulted within the inventory worth dropping 20% (purple field within the chart under). It marked the inventory’s low level, because it rallied as a lot as 74% over the subsequent seven months. It now sits in the course of a large year-long vary and is poised to maneuver once more.
Which method will it go? To look at that query, let us take a look at the day by day chart of CRM.

Technically, shares are at a crossroads. Shares dropped 37% from their December peak after forming a double prime. It simply broke its near-term downtrend from its post-Liberation Day lows, experiencing a 28% rally, however paused proper at its 200-day shifting common.
Momentum seems to be unfavourable. The Transferring Common Convergence/Divergence (MACD) has fashioned a bearish crossover, and shares did not eclipse the 200-day. Shares are down -18% for 2025, underperforming the tech sector and the S&P 500. CRM bought off late Friday, hitting its 50-day shifting common, on information that it is in talks to accumulate Informatica.
Should you’re pondering of shopping for CRM, it’s possible you’ll wish to maintain your horses. Watch the 50-day shifting common round $270 to see if it will probably maintain. On power, search for affirmation and a detailed above the $295 stage for an all clear that momentum has lastly shifted in favor of the bulls.
Remaining Ideas
OKTA, AZO, and CRM are considerate performs primarily based on technical tendencies and real-world fundamentals. OKTA and AZO might have favorable danger/reward setups. As for CRM, add it to your ChartLists and monitor it usually.


Jay Woods is the Chief International Strategist for Freedom Capital Markets. Previous to becoming a member of Freedom, he was the Chief Market Strategist at DriveWealth Institutional. He additionally served as an Govt Ground Governor on the NYSE, the best elected place on the Alternate held by solely six NYSE members. Jay spent over 25 years as a Designated Market Maker on the NYSE flooring.
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