3 Shares to Watch Whereas Everybody’s Gazing NVIDIA | A View From the Ground

This week, whereas everybody else is targeted on NVIDIA Corp. (NVDA), we’ll focus our consideration on shares with earnings that will get neglected.

We’re watching a distinct 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 the perfect threat/reward set-ups as we kick off the week.

Okta, Inc. (OKTA): Volatility Now, Potential Later

Okta’s inventory value 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 value change post-earnings is +/-10.2%.

Technically, I like this setup. Let’s take a look at a five-year day by day chart.

Shares have damaged out forward of earnings and have rather a lot to reverse. If we see weak point after outcomes, there are a number of help areas the place we’d need to enter the inventory with favorable threat/reward. The primary sturdy help space is between $115/$118, an previous resistance degree that the inventory simply eclipsed. Previous resistance may act as new help and supply a possibility.

Outdoors of current weak point on account of “Liberation Day,” OKTA’s inventory value 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 would not maintain.

To the upside, there’s a lot to reverse and targets of $150 to $160 are attainable. In case you’re a longer-term investor, the downtrend is damaged and the bulls are again in cost.

AutoZone, Inc. (AZO): Driving 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 value is up 20% year-to-date, and we hope so as to add to these beneficial properties once they report on Tuesday morning.

One factor that has helped AZO’s continued progress is that the common automotive is roughly 12 years previous. Customers are investing extra in upkeep and repairs as an alternative of buying new autos. And with tariffs, shopping for a brand new automotive turns into costlier, which advantages the automotive restore and upkeep enterprise.

Let’s 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 gorgeous uptrend and made new highs once more simply final week.

Whereas the pattern itself seems a tad prolonged above its averages, any journey again in the direction of its current uptrend line provides buyers a robust entry level, with draw back threat in the direction of its 50-week shifting common.

It is also the perfect at school when in comparison with its high rivals, corresponding to O’Reilly Automotive (ORLY) and Superior Auto Elements (AAP). When taking a look at sturdy uptrends in a difficult surroundings, it is best to seek out the perfect at school, and AZO continues to be simply that. The pattern continues to be the investor’s greatest good friend.

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 value dropping 20% (crimson 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 midst of a large year-long vary and is poised to maneuver once more.

Which approach 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 high. 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 destructive. The Transferring Common Convergence/Divergence (MACD) has shaped a bearish crossover, and shares didn’t 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.

In case you’re considering of shopping for CRM, it’s possible you’ll need to maintain your horses. Watch the 50-day shifting common round $270 to see if it may maintain. On energy, search for affirmation and a detailed above the $295 degree for an all clear that momentum has lastly shifted in favor of the bulls.

Ultimate Ideas

OKTA, AZO, and CRM are considerate performs based mostly on technical tendencies and real-world fundamentals. OKTA and AZO may have favorable threat/reward setups. As for CRM, add it to your ChartLists and monitor it commonly.