Should Salesforce investors prepare to 'Ride the Lightning'?
The consumer resource management company is set to report earnings after Wednesday's closing bell. And according to Dan Nathan of RiskReversal.com, one hint on the numbers to come can be found on the Twitter page of Salesforce.com founder, chairman and CEO Marc Benioff.
On Friday, Benioff thanked iconic heavy metal band Metallica for playing a Salesforce event on Feb. 9:
For Nathan, this sends a clear signal about how the company did in the fourth quarter.
"You don't go and lay an egg a couple weeks after you have Metallica play at a corporate party here, I'm just going to say that," Nathan said Monday on CNBC's "Fast Money."
But not everyone believes that the presence of metal gods presents the best reason to get into the stock.
"I don't think that there's anything to read into that," said Joel Fishbein, who covers the company for BMO Capital Markets.
"They had these guys booked nine months or a year in advance," and Salesforce frequently hosts big concerts, the analyst said.
Nevertheless, Fishbein expects the company to report "a great quarter," and wrote in a Tuesday note that Salesforce is his "top large-cap growth recommendation."
The options market is implying a 6 percent move on earnings for the stock off of earnings, according to Nathan, who does not have a position in the company.
A Salesforce representative declined to comment, noting that the company is in a quiet period ahead of earnings.
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