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first magnificent Dow stockThe Motley Fool
•78% Informative
The iconic Dow Jones Industrial Average (DJINDICES: ^DJI) has served as one of Wall Street's top "health" barometers.
Despite the Dow being in rally mode and reaching new all-time highs, select billionaire money managers couldn't sell shares of three Dow components fast enough in the June-ended quarter .
The first magnificent Dow stock that billionaires surprisingly sold during the second quarter is the leading payment processor Visa .
Salesforce reduced its full-year operating margin guidance by 50 basis points to 19.9% and lowered its subscription and support revenue-growth guidance for the year .
The silver lining for Salesforce is that it's the undisputed leader in cloud-based CRM software.
CEO Marc Benioff has overseen a number of earnings-accretive acquisitions.
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