"Salesforce shares jumped to an all-time intraday high Monday after the company announced late Friday plans to hire 1,000 new salespeople for its Agentforce tool. That's a 'positive demand signal' for the artificial intelligence platform and a major turnaround from the weakness it saw earlier this year due to a slowdown in demand, said Club portfolio director Jeff Marks. Wall Street firm Jefferies boosted its Salesforce price target to $400 per share from $350, implying 40% upside from Friday's close."
"Home Depot's third-quarter results this week are expected to be soft, with same-store sales down year over year. Marks said, however, the Club would be buyers of any post-earning pullback in anticipation of a rebound once mortgage rates cool off. A new housing turnover cycle will likely spark demand for home upgrades playing right into Home Depot's strengths. The stock was up more than 1% Monday."
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