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

This week, whereas everybody else is concentrated on NVIDIA Corp. (NVDA), we are going to focus our consideration on shares with earnings which 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 most effective 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 huge 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’s take a look at a five-year day by day chart.

Shares have damaged out forward of earnings and have quite a bit to reverse. If we see weak spot after outcomes, there are a number of assist areas the place we might wish to enter the inventory with favorable danger/reward. The primary sturdy assist space is between $115/$118, an previous resistance degree that the inventory simply eclipsed. Previous resistance might act as new assist and supply a possibility.

Exterior of current weak spot on account of “Liberation Day,” OKTA’s inventory worth has outperformed its friends and held key shifting averages. Use ranges slightly below 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. When 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 components 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 good points once they report on Tuesday morning.

One factor that has helped AZO’s continued development is that the common automotive is roughly 12 years previous. Customers 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 dearer, 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 wonderful 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 direction of its current uptrend line offers traders a robust entry level, with draw back danger in direction of its 50-week shifting common.

It is also the most effective in school when in comparison with its high opponents, reminiscent of O’Reilly Automotive (ORLY) and Superior Auto Elements (AAP). When sturdy uptrends in a difficult surroundings, it is best to search out the most effective in school, and AZO continues to be simply that. The pattern continues to be the investor’s greatest buddy.

Salesforce (CRM) Hits a Crossroads

A 12 months in the past, Salesforce (CRM) shocked traders with a income miss for the primary time since 2006. This resulted within the inventory worth dropping 20% (pink field within the chart beneath). It marked the inventory’s low level, because it rallied as a lot as 74% over the following seven months. It now sits in the course of a large year-long vary and is poised to maneuver once more.

Which means 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 unfavorable. The Shifting Common Convergence/Divergence (MACD) has fashioned 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 amass Informatica.

When you’re pondering of shopping for CRM, chances are you’ll wish to maintain your horses. Watch the 50-day shifting common round $270 to see if it may well maintain. On power, search for affirmation and an in depth above the $295 degree for an all clear that momentum has lastly shifted in favor of the bulls.

Closing 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 commonly.