Why Jim Cramer's Keeping a Close Eye on the Cloud Kings
It's a busy week for the Cloud Kings and Princes.
The market will get earnings from Salesforce (CRM) , Workday (WDAY) , and Coupa (COUP) .
Jim Cramer had some thoughts on the sector.
"I'm watching the Cloud Kings have a major, major reversal here. Salesforce reports this week. Adobe had a big run. Workday coming in. ServiceNow coming in. So I find myself thinking this, I find myself thinking, once again, rotation out of high multiples and locking in gains and those usually presage a decline in the market. So let's be a little careful," he explained.
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