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Business

Tech investor Paul Meeks buys Salesforce on the dip

Salesforce
Robert Galbraith | Reuters
Salesforce

I'm always on the lookout to buy shares of cloud computing leaders at reasonable prices. In my Platinum Portfolio, I've owned cloud powerhouses Amazon.com (AMZN), Alphabet (GOOGL) and Microsoft (MSFT). I recently sold AMZN at a big profit, but, frankly, I unloaded it too soon. I still hold GOOGL.

Since I had too much cash in my model portfolio after selling NXP Semiconductors (NXPI) last week after the stock vaulted +26 percent on rumors of a potential acquisition by QUALCOMM (QCOM), I decided to put some of that money to work.