CRM
Salesforce, Inc.
stock NYSE

all of my watchlist stocks (utilities, industrials, some REITs, some tech, but mostly the aformentioned sectors)
I do low risk/low reward since valuations got insane last year. I had been trading CRM but it popped today which killed any trading opportunity so I was looking at the first three sectors today

My case might be a bit different as I tend to work with individual creatives or small scale teams but I’ve implemented this for a number of clients, have done both off the shelf ‘all in one’ CRM based business tools where the requirements are only basic, or custom portal pages integrated into website.
Highly recommend it either way, when done right it massively improves the customer experience.

CRM

LOL what do you own. Only think up today are stocks already in a crash (like CRM and MSFT)

Not investment advice, but I like that you are explicitly calling out "agentic AI" as part of the CRM thesis, that is one of the clearer ways to map AI to actual workflow value. One thing I would watch is how much of the agent story becomes durable, recurring spend vs bundled upsell that gets competed down.
If you want a broader non-finance view of where AI agents are actually landing in orgs (ops, support, sales), this has been a useful scan: https://www.agentixlabs.com/blog/

Hi Everyone,
I’m looking for a "vibe check" on my current portfolio. I’ve built this around high-growth companies and industry leaders, but I’m wondering if I’m becoming too concentrated in specific sectors .Am I missing exposure to specific sectors that you think are undervalued right now?
**Strategy:** Long-term growth. I prefer individual "best-in-class" companies over broad ETFs. **Risk Tolerance:** High.
|Ticker|Avg price (USD)|%|Thesis & Fundamental Rationale|
|:-|:-|:-|:-|
|Alphabet (GOOGL)|$157.00|14.60%|Dominance: Google Cloud is now a major profit engine (30%+ growth). The moat in proprietary AI (TPUs) justifies the heavy $180B+ Capex, ensuring they remain the "backbone" of AI search/compute. Holding it for 2 years now|
|Netflix (NFLX)|$84.30|9.80%|The Bundle King: Now a free-cash-flow machine. The ad-tier (190M+ MAUs) is scaling efficiently, proving they don't need to overspend to retain subscribers. I bought it at the recent bottom , i believed irresptive of the outcome of the warner takeover , netflix would benefit|
|Rubrik (RBRK)|$57.90|8.60%|Data Security: My pure play on "Cyber-Resilience." NRR (Net Retention Rate) of 120%+ proves that data security is non-discretionary for enterprises, even in a slowdown.|
|Mercado Libre (MELI)|$1,995.00|8.10%|LatAm Monopoly: The "Amazon + PayPal" of Latin America. 30%+ revenue growth for 27 straight quarters. Logistics lead is now insurmountable by local competitors.|
|Microsoft (MSFT)|$410.00|7.40%|The Anchor: Azure growth (25-30%) paired with the "Copilot" pricing power creates a multi-year tailwind. Defensive tech exposure. Doubled the exposure in the recent drop.|
|Lulu Lemon (LULU)|$180.00|6.40%|Brand Moat: Despite US discretionary cooling, their international expansion (China/Europe) provides a runway. A "quality" play at a mid-teens P/E.|
|Salesforce (CRM)|$269.00|5.60%|Agentic AI: "Agentforce" ARR is exploding (100%+ growth). They are pivoting from being a "database" to the "OS" for enterprise AI agents. Have serious doubts whether this will recover.|
|Uber (UBER)|$77.60|5.60%|Platform Synergies: Mobility and Delivery segments are hitting record gross bookings. The transition to consistent profitability and buybacks is now the primary bull case. I now have concerns about self driving|
|United Health (UNH)|$297.00|5.60%|Defensive Hedge: As tech valuations fluctuate, UNH provides steady dividends and exposure to aging-population tailwinds, balancing my growth tilt.|
|Palo Alto (PANW)|$171.00|5.40%|Platformization: Management is successfully bundling products (NGS ARR >30%), which is the only way to beat "point-solution" churn in 2026.|
|Snowflake (SNOW)|$172.00|5.00%|Data Engine: Re-accelerating revenue growth in Q4. Their AI-native "Cortex" platform is positioning them as the "front door" for enterprise data. Recent buy.|
|Adobe (ADBE)|$377.00|4.30%|Software Margin: 60%+ ROE and 30% net margins. Adobe Firefly and their Acrobat AI tools have successfully monetized the AI workflow, defending their creative moat.|
|ONON (On Running)|$44.30|3.70%|Disruption: Continued 23%+ growth forecast. Their premium "LightSpray" tech is stealing share from legacy incumbents and expanding into the "toe-to-head" apparel category.|
|Crowdstrike (CRWD)|$350.00|2.40%|Telemetry Flywheel: Largest endpoint footprint. Every new customer expands the data model, reinforcing their dominance in security telemetry.|
|Ferrari (RACE)|$396.00|2.10%|Luxury Scarcity: Industry-leading 39% EBITDA margins. Order books are full through late 2027; the 2026 EV transition is a branding exercise, not a mass-market play.|
|Fortinet (FTNT)|$78.00|2.10%|Hard Bottom: Benefiting from institutional accumulation in early 2026. Their focus on the mid-market and secure networking makes them a "buyable" bottom pick.|
|Elevance (ELV)|$291.00|1.90%|Margin Recovery: Pricing discipline in 2026 is expected to return them to targeted long-term operating margins after a difficult 2025.|
|Novo Nordisk (NVO)|$48.90|1.50%|Resilience: Recent price volatility (post-guidance reset) has created a high-ROE entry point (60% ROE) for exposure to the long-term obesity/diabetes TAM.|

CRM holding up the market right now

Ha!
https://preview.redd.it/sq7rmt23s9ng1.png?width=124&format=png&auto=webp&s=8427daa3e8eaed888cd7bcb7382146fb07729dcb
Gesunde Vola in der Deponie!
Das dreht noch!
Aber wenigstens die eine andere Deponie heute +2 wegen, oder trotz $CRM und $NOW

[CRM](https://www.onvista.de/aktien/SALESFORCE-INC-Aktie-US79466L3024) - Salesforce 📃@202.57$(+4,92% 🍗)
[NOW](https://www.onvista.de/aktien/SERVICENOW-INC-Aktie-US81762P1021) - ServiceNow 📃@121.66$(+6,85% 🚀)

UBER, MSFT, and CRM are 3 stocks that I think are undervalued at the moment and unjustifiably shaken by the idea that AI will replace their software.

Great comment, yeah they’ve been expanding into Europe, APAC, and LATAM. A 1/3 of their revenue segments are driven internationally where innovation lags as well. I don’t think AI generating more leads for companies is a worry. That’s a service within CRMs revenue segments that constitutes less than 20% of revenue. Realistically that product generates 5-10%. The beauty about CRM is their Golden Record, essentially it maps out data and operates on sites like DDOG and SNOW which facilitate that process of building leads with Data 360. That’s why access to that data repository is really valuable. What is also of value is their Atlas model, which is likely what companies will use when wanting to adopt LLMs. They’ve seen 57% growth in this field so it’s not a hypothetical. They’ll then use these for shipping routes, follow ups, customer service, etc. They’ll do so with the data repository that prevents the AI from being generative and having errors. The idea behind seats lost is that other companies will become more efficient resulting in less headcount which could lead to more volatility in earnings. Realistically I don’t think it’s a major risk especially with their pricing model expecting to change to be consumption based or enterprise fee linked. Overall as more AI is used through Atlas=More money.

Still risk there, just as there always is. I've been looking at ADBE but so far am only long through my IGV exposure. I'm holding CRM shares as well.
Keep in mind that they (ADBE) have earnings coming up on the 12th.

Yeah it bundles CRM and portal.

Tf is this CRM bonner lol. After being flat as tits since earnings

why do you think the margin will go up to 25%? The operating margins for the last 3 years are nowhere near this level. Going forward we have more risks and yet you factor in a large increase in margin. From a quick lookup and didn't verify, CRM ROIC is around 10% (from gurufocus or finviz) but you put WACC = 10.75% > ROIC so I am a bit suspicious of your high valuation. Typically when WACC > ROIC and you factor in the reinvestment needed to grow revenue, the company basically makes no money and destroys value over time.

Yup, this is an ad for what I can only assume is some half baked, vibe coded AI shit CRM. Does anyone really want to trust their core business operations to something like this? They didn’t even go to the effort of not trying to sound like AI in a social media post.

The product is their CRM saas

Google is technically a software company and Buffett owns them. : ) It's incorrect to say Buffett doesn't understand software company. He apparently understands enough to know he should own Google. He has never owned a company like CRM because CRM isn't an attractive investment to him.
MSFT is not the same as CRM. I think MSFT will be fine, I'm not sure about CRM. The market is recognizing not every tech companies are going to be AI winners and they are saying most software will be losers. Maybe they are wrong. I'm not telling anyone not to buy CRM. If you believe the market is wrong, go for it and I hope you make lots of money being the contrarian. I happen to think the market is right until proven otherwise and if I miss out it won't be the first or the last.

Come on he has never owned a company like CRM, he doesn't understand them. If you know anything about Buffet that's 1st. 2nd He only bought Apple because of Munger, which he concluded was consumer discretionary. Buffet was a cigar butt buyer until Munger entered then finally got on board with GARP. If he understood software, he'd most certainly be a buyer after the 50B buyback on a company not valued that much higher? It will retire a huge amount of their float. It's also obvious ppl don't understand macro to much in these discussions. We literally just started a war. Msft is literally value rt now. In a few years after it hits 650+, this crush software will look ridiculous.

I never take Buffett's value investing to mean buy when the stock's metric says it's cheap. Value investing is to buy quality compounding stocks at a discount. That quality compounding stock can look expensive on paper. The key is to understand the business and think like a business owner. If I'm a business owner, would I rather own Salesforce (which has a low PE) or Google (which has a PE double that of CRM)? Of course I'd prefer Google. Salesforce's pricing model is being disrupted and is facing fundamental business problem. Google is leading the new age and disrupting other businesses. Buffett agrees as well. He bought Google. He didn't buy Salesforce.
Buffett's principle applies in the modern world. The challenge is: his principle requires deep understanding of businesses and that's very difficult.