Core Viewpoint - J Sainsbury shares experienced a significant decline following the decision of Qatar's sovereign wealth fund, the company's largest shareholder, to reduce its long-term stake in the UK supermarket [1] Group 1 - The stock was reported as the worst performer in the market on the day of the announcement [1]

Core Viewpoint - Salesforce, Inc. is recognized as a prominent AI stock on Wall Street, with Oppenheimer maintaining an "Outperform" rating but lowering its price target to $300 from $315 due to reduced group multiples [1][3]. Group 1: Company Performance and Outlook - Oppenheimer's optimism is based on Salesforce's long-term positioning in AI, driven by pricing benefits and strong momentum in Agentforce and Data Cloud [2]. - The firm's surveys indicate normal end-of-year customer and IT spending, with low expectations for the upcoming quarter, suggesting limited downside risk [2]. - Analysts noted continued margin growth and the closing of the Informatica deal, which alleviates previous concerns, while an 8% free cash flow yield provides additional downside protection [3]. Group 2: Market Context and Comparisons - Despite acknowledging Salesforce's potential, some analysts believe other AI stocks may offer greater upside potential and lower downside risk [4].

Core Insights - The company has become more profitable in recent years, despite a slowdown in sales growth [1] Group 1 - The company has experienced an increase in profitability over recent years [1] - Sales growth has slowed down, indicating a potential shift in market dynamics [1]

Core Viewpoint - Salesforce (CRM.US) is set to release its Q3 earnings report on December 3, with analysts projecting an EPS of $2.86, an 18.7% year-over-year increase, and revenue of $10.27 billion, an 8.8% year-over-year increase [1] Group 1: Financial Performance Expectations - Analysts expect Salesforce's Q3 revenue to fall between $10.24 billion and $10.29 billion, following a previous quarter where both revenue and profit exceeded market expectations [1] - The company has a strong historical performance, with 88% of quarterly EPS exceeding market expectations and 75% of quarterly revenue surpassing forecasts over the past two years [2] Group 2: AI and Strategic Developments - Salesforce has been active in AI and M&A, forming partnerships with Google, OpenAI, and Anthropic, and acquiring Informatica, Spindle AI, and Regrello, while also updating its AI platform Agentforce [1] - Some analysts express caution regarding the company's AI progress, noting that Salesforce's stock has been affected by the recent downturn in AI-related stocks [2] Group 3: Market Sentiment and Stock Performance - The stock has seen a nearly 9% decline over the past month and a cumulative drop of about 30% year-to-date [2] - Analysts have made 22 upward revisions and 14 downward revisions to EPS expectations in the last three months, while revenue expectations have seen 11 upward and 21 downward revisions [2]

Earnings Reports - Dollar Tree Inc. is expected to report quarterly earnings of $1.08 per share on revenue of $4.70 billion [2] - CrowdStrike Holdings Inc. reported third-quarter revenue of slightly above $1.23 billion, beating analyst estimates of approximately $1.22 billion, and adjusted earnings of 96 cents per share, exceeding estimates of 94 cents per share [2] - Macy's Inc. is anticipated to post a quarterly loss of 16 cents per share on revenue of $4.60 billion [2] - Box Inc. reported in-line earnings for the third quarter but issued fiscal 2026 EPS guidance below analyst estimates, expecting EPS to be more than $1.28 versus the $1.31 estimate [2] - Salesforce Inc. is expected to report quarterly earnings of $2.86 per share on revenue of $10.27 billion [2] Stock Performance - Dollar Tree shares rose 0.5% to $109.49 in after-hours trading [2] - CrowdStrike shares fell 3% to $500.96 in after-hours trading [2] - Macy's shares rose 1.8% to $23.12 in after-hours trading [2] - Box shares dipped 6.1% to $28.34 in after-hours trading [2] - Salesforce shares rose 0.6% to $236.00 in after-hours trading [2]

Core Insights - The global consumer spending during "Cyber Monday" is projected to reach $52.7 billion, marking it as the largest single-day online shopping event of the year [1][2]. Group 1: Sales Performance - Salesforce reports a 5.3% increase in global online sales on "Cyber Monday," with expectations of a 6% year-over-year growth by the end of the day [2]. - Adobe Analytics predicts that U.S. online spending on "Cyber Monday" will hit $14.2 billion, reflecting a 6.3% increase compared to the previous year [2]. - The total online spending over the five-day shopping period, including Thanksgiving, is estimated to be around $43.7 billion [2]. Group 2: Consumer Behavior - Adobe forecasts that over half (57%) of online spending on "Cyber Monday" will be driven by three categories: electronics ($3.6 billion, up 12.5%), apparel ($2.7 billion, up 5.8%), and furniture ($1.8 billion, up 5.2%) [3]. - The average retail price in the U.S. during this shopping period has increased by 5% compared to last year, while the global average price rose by 4% [4]. Group 3: Market Trends - The competition between "Black Friday" and "Cyber Monday" for online traffic is intensifying, with "Cyber Monday" becoming increasingly popular as consumers expect discounts to start earlier in the shopping week [4][5]. - The use of artificial intelligence in e-commerce is significantly enhancing sales, with retailers utilizing AI shopping channels experiencing three times the sales growth compared to those without such features [5].

To dispel the fear that AI is eating software, Salesforce will need to show increasing Agentforce adoption and monetization. ...

Core Viewpoint - Salesforce Inc. is expected to report strong third-quarter financial results, with a focus on AI-related tools and recent acquisitions, which may influence investor sentiment and stock performance [1][9]. Earnings Estimates - Analysts predict Salesforce will report third-quarter revenue of $10.27 billion, an increase from $9.44 billion in the same quarter last year [2]. - The company has consistently exceeded revenue estimates, achieving record revenue of $10.24 billion in the second quarter [2]. - Earnings per share (EPS) are expected to be $2.86, up from $2.41 in the previous year’s third quarter, with guidance suggesting a range of $2.84 to $2.86 [3]. Expert Opinions - Jay Woods from Freedom Capital Markets expressed caution regarding Salesforce's AI initiatives, noting that the company is under scrutiny for its ability to monetize AI [4]. - Woods highlighted that if Salesforce reports slower growth or weaker guidance, it could lead to a reassessment of the company's future trajectory [5]. - The stock chart indicates potential downside pressure, with the $230 level being a critical point to watch [5]. Analyst Ratings and Price Targets - Citizens maintains a Market Outperform rating with a price target of $430 [7]. - Oppenheimer has lowered its price target from $315 to $300 while maintaining an Outperform rating [7]. - Citigroup has reduced its price target from $276 to $253, maintaining a Neutral rating [7]. - Cantor Fitzgerald reiterates an Overweight rating with a price target of $325 [7]. - Bank of America has lowered its price target from $325 to $305 while maintaining a Buy rating [7]. Recent Performance and Guidance - Salesforce reported a 10% year-over-year revenue growth in the second quarter, with remaining performance obligations of $29.4 billion [8]. - Despite raising full-year revenue and EPS guidance, investor sentiment remains cautious, with expectations for higher numbers [9]. - The company's recent acquisitions, including Informatica, Doti, and Spindle AI, may positively impact future guidance [10][11]. Stock Performance - Salesforce stock is currently trading at $235.71, up 1.2% on Tuesday, but has decreased by 29.5% year-to-date in 2025 [12].

Core Viewpoint - Salesforce (CRM) is currently trading near a support zone, which has historically led to significant rebounds, making it a potentially attractive investment opportunity [2][3] Group 1: Stock Performance and Support Levels - CRM stock is hovering around $230, within a support zone of $221.19 to $244.47, where it has previously rebounded significantly [3] - Over the past decade, CRM stock has shown buying interest at this level on five occasions, achieving an average peak return of 31.8% [3] Group 2: Fundamentals and Market Conditions - Robust fundamentals are evident, with healthy margins and cash flow, and the CRM market is expected to experience double-digit AI-driven growth [4] - Analyst consensus indicates a "Moderate Buy" rating, with potential upside to average price targets despite recent downward adjustments [4] - Upcoming Q3 FY2026 earnings are projected to show solid EPS growth and ongoing momentum from Agentforce/Data Cloud, which could act as a catalyst for the stock [4] Group 3: Historical Volatility and Risks - Despite strong fundamentals, CRM has experienced significant declines in the past, including a 70% drop during the Global Financial Crisis and a 59% decline during the recent inflation shock [6] - The stock has also faced declines of approximately 36% during the Covid pandemic and 25% during the 2018 correction [6] Group 4: Financial Metrics - Revenue growth for CRM stands at 8.3% for the last twelve months (LTM) and an average of 10.5% over the last three years [10] - The company has a free cash flow margin of approximately 31.6% and an operating margin of 21.2% LTM [10] - CRM stock is currently trading at a price-to-earnings (PE) multiple of 39.1 [10]

Bill Nygren's legendary Oakmark fund made some remarkable moves in the third quarter, to say the least. ...