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Salesforce

Salesforce

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116 stories mentioning SalesforceUpdated 2d ago

Its proposed $3.6 billion acquisition of AI agent platform Fin strengthens its customer-service AI strategy, adding talent and 30,000 customers, analysts say.

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Salesforce's Organic Revenue Growth Reacceleration Views May Be 'Good Enough' to Ease Concerns, UBS Says
US Markets

Salesforce's Organic Revenue Growth Reacceleration Views May Be 'Good Enough' to Ease Concerns, UBS Says

Salesforce's (CRM) views on organic revenue growth reacceleration in the second half of the year may be "good enough" to help ease investor concerns, UBS Securities said Thursday.Late Wednesday, the customer relationship management platform increased its full-year revenue guidance after delivering a fiscal second-quarter beat."Exceptional (second-quarter) bookings, along with near-record low attrition drove our (second-quarter current remaining performance obligation) beat," Salesforce Chief Financial and Operating Officer Robin Washington said on an earnings conference call, according to a FactSet transcript.The company remains on track for second-half organic revenue reacceleration, Washington told analysts, adding that "contract length terms for new business and renewals are increasing across all segments."The reaffirmation may be "good enough," UBS analyst Karl Keirstead said in a note to clients Thursday. "(Wall) Street sentiment had turned fairly cautious on concerns that Salesforce might walk-back its (second-half) acceleration guide given weak CRM software demand signals."UBS increased its price target on the Salesforce stock to $240 from $210."While this print was better than feared, we're comfortable staying patient and remaining neutral-rated until we have more visibility into the magnitude of the (second-half/2027) acceleration, as well as greater confidence in Salesforce's AI suite," Keirstead said.The company's shares were up 21% in Thursday afternoon trade. The stock has dropped 6.1% so far this year."Salesforce's growth metrics are very mixed, but do not show strong evidence of AI displacement, bolstering the growing view that apps may be a more resilient category than thought," Keirstead said. "Second, the notion that Anthropic is co-developing a Claude-based product with Salesforce serves to de risk the sector."Price: $244.76, Change: $+39.14, Percent Change: +19.04%

$CRM
Wire

Salesforce Reacceleration Backed by Slack Momentum, AI Growth, Oppenheimer Says

Salesforce's (CRM) reacceleration is backed by Slack's momentum and continuous growth in the company's artificial intelligence metrics, along with solid fiscal Q2 results and full-year outlook raise, Oppenheimer said in a Thursday note.The company reported fiscal Q2 adjusted earnings of $5.90 per diluted share, up from $2.91 a year earlier, as revenue increased to $11.35 billion from $10.24 billion. Salesforce also raised its fiscal 2027 outlook to $16.67 to $16.71 in adjusted EPS on revenue of $46.1 billion to $46.4 billion.Management expects business to reaccelerate in H2, noting Slack's momentum and the partnership with Anthropic over Claudeforce integration, according to the note.Oppenheimer also noted upside to the company's current remaining performance obligations after a 14% growth in fiscal Q2 and fiscal Q3 outlook above analysts' expectations.Oppenheimer maintained the company's outperform rating and increased its price target to $275 from $250.Price: $245.25, Change: $+39.63, Percent Change: +19.27%

$CRM
Wire

Macquarie Adjusts Price Target on Salesforce to $225 From $190, Keeps Neutral Rating

Salesforce (CRM) has an average rating of overweight and mean price target of $258.90, according to analysts polled by FactSet.Price: $248.33, Change: $+42.71, Percent Change: +20.77%

$CRM
Wire

Top Midday Stories: Strong Nvidia, Salesforce, CrowdStrike Earnings Help Drive Stock Indexes Higher

All three major US stock indexes were up in late-morning trading Thursday, after Nvidia (NVDA) released their highly anticipated earnings results on Wednesday after markets closed.In company news, Nvidia reported fiscal Q2 adjusted earnings late Wednesday of $2.22 per diluted share, up from $1.01 a year earlier and above the FactSet consensus analyst estimate of $2.09. Fiscal Q2 revenue was $96.22 billion, up from $46.74 billion a year ago and above the FactSet consensus of $92.27 billion. For fiscal Q3, the company expects revenue of $108 billion, plus or minus 2%. Analysts polled by FactSet expect $104.86 billion. Separately, Nvidia has agreed to buy Hugging Fact, the open-source AI platform, for $12.9 billion, The Information reported late Wednesday. Lastly, Nvidia and Amazon's (AMZN) AWS plan to deploy 2 million additional Nvidia GPUs across AWSs global infrastructure in 2027-2028, the companies said. Nvidia shares were up 7.6% around midday.Salesforce (CRM) reported fiscal Q2 adjusted EPS late Wednesday of $5.90, up from $2.91 a year earlier and above the FactSet consensus of $3.27. Fiscal Q2 revenue was $11.35 billion, up from $10.24 billion a year ago and above the FactSet consensus of $11.33 billion. For fiscal Q3, the company expects adjusted EPS of $3.42 to $3.44 on revenue of $11.42 billion to $11.50 billion. Analysts polled by FactSet expect $3.37 and $11.42 billion, respectively. For fiscal 2027, Salesforce expects adjusted EPS of $16.67 to $16.71 on revenue of $46.1 billion to $46.4 billion, up from their prior forecast of adjusted EPS of $14.06 to $14.12 on revenue of $45.9 billion to $46.2 billion. Analysts expect $14.16 and $46.11 billion, respectively. Separately, Salesforce and Anthropic said they were expanding their partnership to pair Claude's intelligence and reasoning with Salesforce's enterprise platform under the name Claudeforce. Salesforce shares were up about 19%.CrowdStrike (CRWD) reported fiscal Q2 adjusted EPS late Wednesday of $0.31, up from $0.23 a year earlier and above the FactSet consensus of $0.29. Fiscal Q2 revenue was $1.47 billion, up from $1.17 billion a year ago and above the FactSet consensus of $1.44 billion. For fiscal Q3, the company said it expects adjusted EPS of $0.31 on revenue of $1.523 billion to $1.529 billion. Analysts expect $0.31 and $1.51 billion, respectively. For fiscal 2027, CrowdStrike expects adjusted EPS of $1.25 to $1.26 on revenue of $5.99 billion to $6.01 billion. Analysts expect EPS of $1.23 on revenue of $5.94 billion. CrowdStrike shares were up 17.7%.Moderna (MRNA) plans to offer $2 billion worth of convertible senior notes due 2032 in a private placement, the company said Thursday. The company plans to grant initial purchasers a 13-day option to acquire up to $300 million worth of additional shares, Moderna said. Shares of Moderna were down 7.1%.Best Buy (BBY) reported fiscal Q2 adjusted EPS Thursday of $1.47, up from $1.28 a year earlier and above the FactSet consensus of $1.39. Fiscal Q2 revenue was $9.78 billion, up from $9.44 billion a year ago and above the FactSet consensus of $9.59 billion. For fiscal 2027, the company expects adjusted EPS of $6.70 to $6.90, up from its prior outlook of $6.30 to $6.60. The retailer also expects full-year revenue of $42.30 billion to $42.80 billion, up from its prior guidance of $41.20 billion to $42.10 billion. Analysts expect EPS of $6.62 on revenue of $42.08 billion. The company also said it expects fiscal 2027 comparable sales growth of 1.9% to 3%, up from its prior guidance of a decline of 1% to growth of 1%. Best Buy shares were down 4.4%.Price: $225.41, Change: $+15.75, Percent Change: +7.51%

$AMZN$BBY$CRM$CRWD$MRNA$NVDA
Wire

Salesforce's Outlook Strengthens on Organic Momentum, Acquisitions, RBC Says

Salesforce's (CRM) updated fiscal 2027 outlook reflects a lift from both organic momentum and recent acquisitions, pointing to a stronger revenue trajectory than expected, RBC Capital Markets said Wednesday in a report.Salesforce's revised fiscal 2027 revenue guidance implies $300 million of upside, including $200 million from the Contentful and Fin acquisitions and $100 million from organic strength tied to Agentforce, Data 360, and Slack, RBC said.The company expects fiscal 2027 adjusted EPS of $16.67 to $16.71 on revenue of $46.1 billion to $46.4 billion, compared with previous guidance of EPS of $14.06 to $14.12 on revenue of $45.9 billion to $46.2 billion.Salesforce's pricing strategy is increasingly organized around use cases rather than individual products, a "sensible" shift given varying customer maturity, RBC said. The approach supports average order value expansion over time as usage increases, the report said.RBC raised its price target on Salesforce stock to $250 from $210 and maintained its sector-perform rating.Price: $244.51, Change: $+38.89, Percent Change: +18.91%

$CRM
Sectors

Sector Update: Tech Stocks Rise Pre-Bell Thursday

Technology stocks were rising pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.3% higher.Nvidia (NVDA) shares were up more than 6% after the company posted fiscal Q2 earnings and revenue that more than doubled from a year earlier, and issued a fiscal Q3 revenue forecast above analysts' expectations.CrowdStrike (CRWD) stock was up more than 9% after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2027 revenue outlook.Salesforce (CRM) shares were up more than 10% after the company posted higher fiscal Q2 adjusted earnings and revenue, and lifted its fiscal 2027 guidance.

$CRM$CRWD$NVDA$XLK$XSD
Asia Markets

Update: Nvidia Results, Semiconductor Rally Lift US Equity Futures Pre-Bell

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly higher pre-bell Thursday as Nvidia's (NVDA) earnings and an upswing in semiconductor-related stocks lifted market sentiment.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.4%, and Nasdaq futures were 1% higher.Nvidia was up 6.2% after the company reported fiscal Q2 earnings and revenue late Wednesday that more than doubled from a year ago.The Trump administration is considering sweeping new tariffs on semiconductors that could extend to products containing chips, including laptops, gaming consoles and data center servers, Politico reported, citing unnamed sources familiar with the matter.Marvell Technology (MRVL) is expected to report its fiscal Q2 earnings after the market closes. Analysts polled by FactSet expect adjusted earnings of $0.93 per share on revenue of $2.72 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.4% at $87.25 per barrel and US West Texas Intermediate crude 0.3% higher at $82.47 per barrel.The US advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, compared with expectations to narrow to $100.5 billion in a survey compiled by Bloomberg. Initial jobless claims dropped to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 level in the previous week, compared with expectations for an increase to 208,000.The Federal Reserve's annual three-day Economic Policy Symposium in Wyoming begins in the morning, with Fed Chief Kevin Warsh slated to deliver keynote remarks on Friday.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.3% lower, and China's Shanghai Composite finished 1.1% higher. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, stocks of Marvell Technology and Micron Technology (MU) were up 4% and 4.2%, respectively, as part of a wider rally in the semiconductor sector. CrowdStrike (CRWD) shares were up 9.5% after the company posted better-than-expected fiscal Q2 results and boosted its fiscal 2027 net new annual recurring revenue guidance. Salesforce (CRM) stock was 10% higher after the company reported late Wednesday higher fiscal Q2 financial results and raised its fiscal 2027 guidance.On the losing side, Moderna (MRNA) shares fell 3.5% after the company said it plans to offer $2 billion worth of convertible senior notes due 2032 in a private placement. HP (HPQ) stock was down 12% despite the company posting higher adjusted earnings and revenue for fiscal Q3 on late Wednesday.

Dow JonesNasdaq CompositeS&P 500$CRM$CRWD$HPQ$MRNA$MRVL$MU$NVDA
Stocks Mostly Up Pre-Bell as Traders Parse Nvidia Results, Await Fed Chair's Speech
US Markets

Stocks Mostly Up Pre-Bell as Traders Parse Nvidia Results, Await Fed Chair's Speech

US equity markets were mostly trending higher before the opening bell Thursday as traders digest Nvidia's (NVDA) latest financial results and prepare for Federal Reserve Chair Kevin Warsh's speech on Friday.The S&P 500 rose 0.4%, and the Nasdaq increased 1% in premarket activity, while the Dow Jones Industrial Average edged down 0.1%. The three main indexes finished the previous trading session lower, with the Dow snapping a three-day winning streak.Shares of Nvidia jumped 6.9% pre-bell as the tech bellwether's fiscal second-quarter results more than doubled from a year ago and topped Wall Street expectations amid record data center sales.CrowdStrike (CRWD) climbed 9.3% as the firm lifted its full-year net new annual recurring revenue outlook amid increasing demand for cybersecurity to address risks associated with the adoption of artificial intelligence. Salesforce (CRM) spiked 11% after raising its fiscal 2027 guidance.Dollar General (DG) shares gained nearly 13% after the discount retailer beat Wall Street estimates for the fiscal second quarter. Dollar Tree (DLTR) shares fell over 4% after the company's latest quarterly earnings.The Fed's annual economic policy Symposium at Jackson Hole, Wyoming, is set to kick off on Thursday, with Warsh scheduled to speak on Friday.Markets are currently pricing in a roughly 64% probability that the Federal Open Market Committee will keep its benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.Government data on Wednesday showed that US inflation accelerated sequentially in July, keeping the Fed's preferred gauge for price increases well above its 2% target, while consumer spending growth eased."As long as the month-on-month rate continues to come in close to 0.2%, the annual rate of inflation will converge on 2% over time, but the question is how much more patience the Fed actually has," ING Bank said in a Wednesday report. "Markets continue to price a (25 basis point) rate hike before year-end while economists, in general, still favor an extended pause for policy rates."Treasury yields were up in premarket action, with the two- and 10-year rates each inclining 0.6 basis points to 4.23% and 4.67%, respectively.Iran and Oman are working on finalizing a deal that will see both countries share control of the Strait of Hormuz, Reuters reported.Tehran's Islamic Revolutionary Guard Corps reportedly told state news agency Tasnim that the US is obstructing the Iran-Oman deal, according to a CNBC report. Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim bin Jaber Al Thani is reportedly traveling to Iran on Thursday as part of efforts to de-escalate tensions between Washington and Tehran.West Texas Intermediate crude oil dipped 0.1% to $82.17 a barrel before the open, while Brent nudged 0.4% higher to $88.18.Burlington Stores (BURL), Best Buy (BBY) and Hormel Foods (HRL) are scheduled to release their quarterly earnings before the bell, among others. Marvell Technology (MRVL), Workday (WDAY) and Ulta Beauty (ULTA) post their results after the markets close.Thursday's economic calendar has the international trade in goods data, as well as the retail and wholesale inventories reports, all for July, at 8:30 am ET, along with the weekly jobless claims bulletin. The Kansas City Fed manufacturing index for August is out at 11 am.Gold declined 0.6% to $4,654.79 per troy ounce, while bitcoin gained nearly 2% to $79,982.

Dow JonesNasdaq CompositeS&P 500$BBY$BURL$CRM$CRWD$DG$DLTR$HRL$MRVL$NVDA$ULTA$WDAY
Update: Equities Fall Intraday After Inflation Report; Nvidia Earnings On Deck
US Markets

Update: Equities Fall Intraday After Inflation Report; Nvidia Earnings On Deck

(Updates with latest market prices and developments.)US benchmark equity indexes drifted lower intraday as traders parsed the latest inflation data while awaiting technology bellwether Nvidia's (NVDA) financial results.The Nasdaq Composite and the Dow Jones Industrial Average were down 0.2% each at 26,093.1 and 53,460.6, respectively, after midday Wednesday. The S&P 500 edged down 0.1% to 7,671.6. The three indexes finished Tuesday trading higher, with the Dow rising for a third consecutive session.Among sectors, consumer discretionary and healthcare saw the steepest declines intraday Wednesday, while industrials paced the gainers.US inflation accelerated sequentially in July, keeping the Federal Reserve's preferred gauge for price increases well above its 2% target, while consumer spending growth eased, official data showed.US Treasury yields were mostly higher intraday, with the 10-year yield up 2.5 basis points at 4.66% and the two-year yield rising 2.2 basis points to 4.23%.Markets are currently pricing in a 60% probability that the Fed will keep its benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.Nvidia shares were down 1.3% intraday, following a 2.2% increase in the previous session. The chipmaking giant is scheduled to report its fiscal second-quarter results after the closing bell Wednesday. The current consensus on FactSet is for non-GAAP earnings of $2.09 a share on revenue of $92.27 billion.In a recent note to clients, Morgan Stanley said Nvidia is expected to post strong second-quarter results, though investors are likely to focus more on its longer-term growth drivers.CrowdStrike (CRWD), Salesforce (CRM), Synopsys (SNPS), HP (HPQ) and Urban Outfitters (URBN) are also scheduled to report results in the after-hours, along with others.In other company news, Intuit (INTU) shares fell 3.5% intraday, among the worst performers on the S&P 500, after the tax and finance software maker overnight issued a soft fiscal 2027 outlook.Zoom Communications (ZM) shares slumped 6.4% as the video communication platform late Tuesday provided a downbeat earnings outlook for its fiscal third quarter following a second-quarter beat.Abercrombie & Fitch (ANF) shares surged 31% intraday Wednesday after the apparel retailer raised its full-year outlook as tariff-related refund benefits helped the company post fiscal second-quarter results above Wall Street's estimates.West Texas Intermediate crude oil was up 0.6% at $82.81 a barrel, while Brent advanced 0.3% to $88.80.The Iranian military said it reached a revenue-sharing deal with Oman on the Strait of Hormuz, the world's most important chokepoint for crude flows, Bloomberg News reported.Spot gold fell 1.4% to $4,593.34 per troy ounce, while silver lost 1.1% to $68.73 per ounce.

Dow JonesNasdaq CompositeS&P 500$ANF$CRM$CRWD$HPQ$INTU$NVDA$SNPS$URBN$ZM
Equity Futures Mixed Pre-Bell Ahead of Key Inflation Report, Nvidia Earnings
US Markets

Equity Futures Mixed Pre-Bell Ahead of Key Inflation Report, Nvidia Earnings

The main US equity measures were mixed in premarket activity Wednesday as traders await a key inflation report and the latest financial results of tech bellwether Nvidia (NVDA).The Nasdaq was down 0.1%, the Dow Jones Industrial Average was up 0.1%, while the S&P 500 was little changed before the opening bell. The three indexes finished Tuesday trading higher, with the Dow rising for a third consecutive session.The personal income and outlays report for July is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric, as well as data on consumer spending.Data are expected to show that core PCE -- which excludes food and energy prices -- increased 0.2% sequentially and 3.3% annually, according to a Bloomberg-compiled consensus.Treasury yields were mixed in premarket action, with the two-year rate retreating one basis point to 4.2% and the 10-year rate little changed at 4.64%.On Tuesday, Boston Fed President Susan Collins said the Fed may have to raise interest rates soon, unless inflation continues to cool.Markets are currently pricing in a 64% probability that the central bank will keep its benchmark rate steady next month, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.The second estimate report of the US second-quarter gross domestic product is also out at 8:30 am, along with the durable goods orders report for last month. Wednesday's economic calendar also has the weekly mortgage applications bulletin and weekly EIA domestic petroleum inventories report.Richmond Fed President Thomas Barkin is slated to speak at 11:45 am.Nvidia shares were up 0.4% pre-bell, following a 2.2% increase Tuesday. The chipmaking giant is scheduled to report its fiscal second-quarter results after the markets close Wednesday. The current consensus on FactSet is for non-GAAP earnings of $2.09 a share on revenue of $92.27 billion.In a recent note to clients, Morgan Stanley said Nvidia is expected to post strong second-quarter results, though investors are likely to focus more on its longer-term growth drivers.CrowdStrike (CRWD), Salesforce (CRM), Synopsys (SNPS), HP (HPQ) and Urban Outfitters (URBN) are also scheduled to report results in the after hours, while Williams-Sonoma (WSM), J.M. Smucker (SJM), Abercrombie & Fitch (ANF), Bath & Body Works (BBWI) and Kohl's (KSS) post before the bell, among others.West Texas Intermediate crude oil dropped 2.7% to $80.18 a barrel before the open, while Brent fell 3% to $85.97.The foreign ministers of Iran and Oman discussed a proposed framework Tuesday to establish "a joint temporary navigational corridor" through the Strait of Hormuz and implement a joint project to clear the crucial waterway of mines, news outlets reported. The two countries also reportedly agreed to continue technical talks for the future administration of the strait.Intuit (INTU) shares were down 9.8% pre-bell Wednesday after the tax and finance software maker overnight issued a soft fiscal 2027 outlook.Zoom Communications (ZM) fell 6.9% in premarket activity as the video communication platform late Tuesday provided a downbeat earnings outlook for its fiscal third quarter following a second-quarter beat.Gold fell 0.3% to $4,679 per troy ounce, while bitcoin dropped 0.7% to $78,340.

Dow JonesNasdaq CompositeS&P 500$ANF$BBWI$CRM$CRWD$HPQ$INTU$KSS$NVDA$SJM$SNPS$URBN$WSM$ZM
Salesforce Fiscal Second-Quarter Results Likely to Show Solid Progress in Key Areas, Truist Says
US Markets

Salesforce Fiscal Second-Quarter Results Likely to Show Solid Progress in Key Areas, Truist Says

Salesforce (CRM) is likely to show solid progress in key areas in its fiscal second-quarter results, with organic growth expected to improve in the coming quarters, Truist Securities said in a Tuesday client note.The brokerage expects areas that remained resilient in the first quarter to continue showing strength in the second quarter, including innovations from Slack, helping offset weakness in the marketing cloud, commerce cloud and Tableau businesses.Truist said it remains "stubbornly positive" on Salesforce despite negative sentiment surrounding a second-half acceleration in organic growth and doubts over agentic artificial intelligence becoming a material catalyst, among other concerns."We assume (second-quarter) performance in strategically important areas progressed solidly, while improving organic growth going forward on the back of favorable (net new annual order value) trends points to an attractive setup for value-centric investors," Truist Managing Director Terry Tillman wrote in the note.Salesforce is scheduled to release its latest financial results after the markets close Wednesday. The current consensus on FactSet is for the company to post non-GAAP EPS of $3.27 and sales of $11.33 billion for the second quarter.The brokerage estimates the company to continue to record triple-digit annual recurring revenue growth in its Agentforce AI platform and Data 360 customer data platform, after achieving annual gains of 200% in the first quarter."We expect positive commentary around increased adoption of agentic workloads, Agentforce One and continued strong uptake with Agentforce for App premium (stock keeping units) associated with sales and service," according to Tillman.Agentforce is Salesforce's artificial intelligence-powered platform designed to automate tasks.Truist believes Salesforce can accelerate organic revenue growth from roughly 6% year over year in the second quarter, increase by "a point or more" in the third quarter, and exit the year at roughly 9.5% organic growth.Truist reiterated its buy rating on Salesforce's stock with a price target of $280.Last week, Oppenheimer said the firm faces a favorable setup heading into its second-quarter results, with upside potential amid robust Agentforce adoption and usage trends.

$CRM
Update: Nasdaq, S&P 500 Fall as New Sanctions Plan Targets Iran's Trading Partners
US Markets

Update: Nasdaq, S&P 500 Fall as New Sanctions Plan Targets Iran's Trading Partners

(Updates with market moves at the end of the day, and other changes, if any.)The Nasdaq Composite and the S&P 500 fell Monday as the US unveiled a global sanctions plan targeting countries that have an economic relationship with Iran.The Nasdaq shed 0.8% to close at 25,980.19, while the S&P 500 declined 0.3% to 7,652.86. The Dow Jones Industrial Average rose 0.3% to 53,417.16. Technology led the laggards, while most sectors were in the green, led by consumer staples.The Treasury Department on Monday launched a campaign to close all financial resources that support Iran."We are launching an economic onslaught against Iran's financial connections around the globe," Treasury Secretary Scott Bessent said in a statement. "Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone."Countries doing business with Iran will be given deadlines to shut down Iran-related activities, according to the statement. Entities aiding money laundering or sanctions evasion on behalf of Iran could be cut off from the US financial system.China, Russia, India, Pakistan, Qatar and Turkey, among others, still trade with Tehran, Axios reported."No one is above the reach of US sanctions," Bessent said Monday in response to a question at a press conference on whether the Trump administration would target Chinese banks, CNBC reported.West Texas Intermediate crude oil was down 2.3% at $85.07 a barrel in Monday late-afternoon trade, while Brent dropped 2.5% to $92.06.Iran's state-controlled Persian Gulf Strait Authority warned on X that vessels breaching its protocols in the Strait of Hormuz could face restrictions on future passages.US Treasury yields were mixed, with the 10-year yield down 3.2 basis points at 4.71%, while the two-year yield was little changed at 4.24%.Federal Reserve Chair Kevin Warsh's debut Jackson Hole speech on Friday is unlikely to help clear up investor confusion over the Treasury Department's bond market intervention, Morgan Stanley said in a note sent Monday. The firm's economists view the expansion in bond buybacks announced last week as evidence that the Treasury had become uncomfortable with a rise in long-term interest rates.Markets are currently pricing in a 58% probability that the Fed will keep its benchmark rate steady in September, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.In company news, Nvidia (NVDA) shares fell 2.9%, the worst performer on the Dow. The technology bellwether is scheduled to release its latest quarterly earnings on Wednesday.Some Nvidia customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg News reported Saturday, citing people familiar with the matter.Chip-related stocks were among the notable laggards on the S&P 500, with SanDisk (SNDK) down 6.5%, the second-steepest decline on the index. Micron Technology (MU), Super Micro Computer (SMCI) and Western Digital (WDC) shed more than 5% each.Marvell Technology (MRVL), CrowdStrike (CRWD), Salesforce (CRM) and Intuit (INTU) are also slated to post their results this week.Spot gold rose 1.1% to $4,654.89 per troy ounce, while silver lost 1% to $69.65 per ounce.

Dow JonesNasdaq CompositeS&P 500$CRM$CRWD$INTU$MRVL$MU$NVDA$SMCI$SNDK$WDC
Update: Equities Mixed Intraday as US Discloses Anti-Iran Global Sanctions Plan
US Markets

Update: Equities Mixed Intraday as US Discloses Anti-Iran Global Sanctions Plan

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday as Treasury Secretary Scott Bessent announced a global sanctions plan targeting countries doing business with Iran.The Nasdaq Composite was down 0.6% at 26,036.8 after midday Monday, while the Dow Jones Industrial Average edged up 0.1% to 53,342.9. The S&P 500 declined 0.3% to 7,653.6. Among sectors, technology led the laggards, while consumer staples and communication services saw the biggest gains.The US will reportedly impose sanctions on countries that do business with Iran. China, Russia, India, Pakistan, Qatar and Turkey, among others, still trade with Tehran, Axios reported."No one is above the reach of US sanctions," Bessent said Monday in response to a question on whether the Trump administration would target Chinese banks, CNBC reported.Last week, President Donald Trump threatened to launch "economic warfare" against Iran and impose financial consequences for countries that seek to provide any form of support to Tehran.The US will raise tariffs on Canadian cars, trucks and steel to 50%, effective Jan. 1, 2027, Trump said Monday on Truth Social.West Texas Intermediate crude oil fell 2.3% to $85.02 a barrel, while Brent dropped 2.2% to $92.33.Iran's state-controlled Persian Gulf Strait Authority warned on X that vessels breaching its protocols in the Strait of Hormuz could face restrictions on future passages.US Treasury yields were mixed intraday, with the 10-year yield down 4.8 basis points at 4.69%, while the two-year yield was unchanged at 4.23%.Federal Reserve Chair Kevin Warsh's debut Jackson Hole speech on Friday is unlikely to help clear up investor confusion over the Treasury Department's bond market intervention, Morgan Stanley said in a note sent Monday. The firm's economists view the expansion in bond buybacks announced last week as evidence that the Treasury had become uncomfortable with a rise in long-term interest rates.Markets are currently pricing in a 58% probability that the Fed will keep its benchmark rate steady in September, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.In company news, Nvidia (NVDA) shares fell 2.4% intraday, the second-worst performer on the Dow. The technology bellwether is scheduled to release its latest quarterly earnings on Wednesday.Some Nvidia customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg News reported Saturday, citing people familiar with the matter.Chip-related stocks were among the notable laggards on the S&P 500 intraday, with SanDisk (SNDK) down 7%, the steepest decline on the index. Micron Technology (MU) and Western Digital (WDC) shed more than 5% each.Marvell Technology (MRVL), CrowdStrike (CRWD), Salesforce (CRM) and Intuit (INTU) are also slated to post their results this week.Spot gold rose 1% to $4,648.43 per troy ounce, while silver lost 1% to $69.63 per ounce.

Dow JonesNasdaq CompositeS&P 500$CRM$CRWD$INTU$MRVL$MU$NVDA$SNDK$WDC
S&P 500 Annual Earnings, Revenue Growth Slows From Last Week, Oppenheimer Says
US Markets

S&P 500 Annual Earnings, Revenue Growth Slows From Last Week, Oppenheimer Says

S&P 500 companies' second-quarter earnings and revenue growth eased week over week as the reporting season begins to wind down, Oppenheimer Asset Management said Monday.A total of 467 companies, reflecting 94% of the index, have reported quarterly results, with nearly 50% showing year-over-year profit growth, down slightly from about 51% last week. Revenue growth slowed to 14.1% from 14.7%.Ahead of the reporting cycle, FactSet put analysts' earnings growth estimate at 23.6% from a year earlier, according to the Oppenheimer report.Energy continued to lead all sectors with 147% earnings growth while communication services grew 114%, according to the report. Healthcare was the only sector that declined, Oppenheimer added. Nine out of 11 sectors reported earnings growth in double digits or higher.Energy remained on top in terms of revenue growth, at 42% followed by technology and financials.Strong second-quarter results and data including the Conference Board's Leading Economic Index that rebounded in July helped offset negative sentiment, Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a note to clients. "That said, key stateside stock indexes slipped last week across sectors, market capitalizations, and style."The Nasdaq Composite, the S&P 500, and the Dow Jones Industrial declined 2.1%, 1.4%, and 0.9% last week, respectively."In our view, the courage of an investor's convictions, a tolerance for risk, an appetite for opportunity along with right-sized expectations are key to navigating through periods of transition," Stoltzfus wrote.Another 18 S&P 500 companies are scheduled to report earnings this week, including technology bellwether Nvidia (NVDA), CrowdStrike (CRWD), Salesforce (CRM) and Marvell Technology (MRVL).Price: $209.27, Change: $-5.45, Percent Change: -2.54%

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Stocks Down Pre-Bell as Investors Await Key Inflation Data, Warsh Speech, Nvidia Earnings
US Markets

Stocks Down Pre-Bell as Investors Await Key Inflation Data, Warsh Speech, Nvidia Earnings

The benchmark US stock measures were tracking in the red before the opening bell Monday as traders prepare for a busy week that includes a key inflation report, remarks by Federal Reserve Chair Kevin Warsh, and Nvidia's (NVDA) latest financial results.The S&P 500 declined 0.2%, the Dow Jones Industrial Average edged down 0.1%, and the Nasdaq was off 0.6% in premarket activity. All three main indexes finished Friday trading higher.The personal income and outlays report for July is scheduled for release on Wednesday. The report includes the personal consumption expenditure core price index, the Fed's preferred inflation metric.Warsh is expected to speak at the Fed's annual economic symposium in Jackson Hole, Wyoming, on Friday. Investors are likely to closely monitor his comments for clues about the central bank's policy outlook.Warsh's keynote speech is "unlikely to give any significant hints" related to near-term policy, Oxford Economics said in remarks emailed toon Monday."But we suspect he could shed some light on his plans to overhaul the Fed's longer-term policies and operations," Oxford Economics said.Markets are currently pricing in a 64% probability that the Fed will keep its benchmark rate steady in September, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two-year retreating 0.9 basis points to 4.23% and the 10-year rate off 0.3 basis points to 4.71%.Last week, the Treasury Department surprised markets by announcing it will at least double its buybacks for longer-dated Treasuries to $4 billion per operation. Treasury Secretary Scott Bessent reportedly said the planned buybacks could be worth more than $4 billion per issue.Technology bellwether Nvidia is scheduled to release its latest quarterly earnings on Wednesday. In a Monday client note, Wedbush Securities said it expects the company to "exceed its guidance" and issue third-quarter revenue guidance above market estimates, based on a strong hyperscale spending backdrop and a robust supply position.Marvell Technology (MRVL), CrowdStrike (CRWD), Salesforce (CRM) and Intuit (INTU) are also slated to post their results later this week.West Texas Intermediate crude oil dropped 2.4% to $85.02 a barrel before the open, while Brent fell 1.8% to $92.73.In an opinion piece for the Financial Times over the weekend, Bessent said the US would launch "the single greatest financial offensive ever" against Iran on Monday."Now we are entering the endgame," Bessent wrote. "At dawn begins an economic D-Day."Last week, President Donald Trump threatened to launch "economic warfare" against Iran and impose financial consequences for countries that seek to provide any form of support to Tehran.Iranian officials reportedly responded by warning Gulf neighbors not to join the US economic measures against the country, according to CNBC. Iran's state-controlled Persian Gulf Strait Authority warned on X that vessels breaching its protocols in the Strait of Hormuz could face restrictions on future passages, including fines, detention or confiscation.The US on Saturday imposed 50% tariffs on certain Canadian goods after the two countries failed to reach a trade agreement, as both sides blamed each other for the breakdown in negotiations, Reuters reported. Canadian Prime Minister Mark Carney said in a statement that Canada will match the US tariffs "dollar for dollar."Monday's thin economic calendar has the Chicago Fed national activity index for July at 8:30 am ET.Temu parent PDD (PDD) inched up 3% before the bell despite missing second-quarter revenue estimates.Chinese electric vehicle manufacturer Xpeng (XPEV) was down 6% in premarket trading after reporting its latest results.Gold inclined 0.5% to $4,701 per troy ounce, while bitcoin gained 0.8% to $77,971.

Dow JonesNasdaq CompositeS&P 500$CRM$CRWD$INTU$MRVL$NVDA$PDD$XPEV
Asia Markets

US Equity Investors to Focus on Nvidia's Earnings, Chair Warsh's Jackson Hole Speech, PCE Inflation This Week

US equity investors are expected to focus this week on Nvidia's (NVDA) earnings, Federal Reserve Chair Kevin Warsh's speech at the annual Jackson Hole symposium, and inflation data key to monetary policy formulation.* Nvidia is likely to report a beat on Q2 revenue driven by stable Blackwell demand, with FQ3 guidance potentially lifting confidence toward earnings targets in 2027 and 2028, a UBS note said. Management will likely spotlight growing backlog from robust AI compute demand and traction in open models.* Other quarterly reports due this week include Intuit (INTU), Zoom Communications (ZM), CrowdStrike (CRWD), Salesforce (CRM), Synopsys (SNPA), Agilent Technologies (A), Trip.com (TCOM), and Marvell Technologies (MRVL).* Investors will weigh Chair Warsh's speech at Jackson Hole on Friday as a litmus test for the new Fed, according to a Stifel note Sunday. Stifel's base case is that Warsh will signal progress in inflation and a continued policy pause even though core inflation remains above target.* "We view 3% core inflation as the new 2%, supported by sticky 'supercore' (core services ex-housing), and AI-capex and war disruptions sustaining goods inflation," per the Stifel note.* Macroeconomic data due this week include personal consumption expenditures, or PCE, price index for July, gross domestic product second estimate for Q2, non-farm payrolls annual revision preliminary, Michigan consumer sentiment and inflation expectations for August, durable goods orders for July, ADP employment change and initial jobless claims.* Iran dismissed the US threat of "the greatest financial offensive ever," vowing to shut down all oil exports from the Gulf "if the economic war continues" and issued a new warning not to use the Strait of Hormuz without its permission, Reuters reported.* Treasury auctions this week will include $69 billion of two-year notes on Tuesday, followed by a $70 billion auction of 5-year notes on Wednesday, according to a Jefferies note Friday.

Dow JonesNasdaq CompositeS&P 500$A$CRM$CRWD$INTU$MRCL$NVDA$SNPA$TCOM$ZM
Salesforce Faces Favorable Second-Quarter Setup With Upside Potential, Oppenheimer Says
US Markets

Salesforce Faces Favorable Second-Quarter Setup With Upside Potential, Oppenheimer Says

Salesforce (CRM) faces a favorable setup heading into its fiscal second-quarter results, with upside potential amid robust Agentforce adoption and usage trends, Oppenheimer said Thursday.The brokerage expects the customer relationship management platform to post pro-forma earnings of $3.26 a share on revenue of about $11.31 billion for the quarter when it reports results Aug. 26. Wall Street is looking for $3.27 and $11.33 billion, respectively, according to Oppenheimer."We are comfortable with our estimates, driven by strong net new Agentforce and data cloud (annual recurring revenue) based on partner checks, and likely upside to (second-quarter) consensus estimates, which is a low bar," Oppenheimer analysts Brian Schwartz and Idan Gutkind said in a note to clients.The brokerage noted mixed field check feedback, as strong Agentforce activity and Federal business were countered by lengthening sales cycles, looming second-half information technology budget constraints, and "soft" small- and medium-sized business conversions."There is heightened awareness for Agentforce across the installed-base and partner ecosystem, and increasing usage from the early Agentforce adopters," Schwartz and Gutkind wrote. "The Agentforce cycle is evolving from broad-based testing initiatives to returns justification, which is increasing deal size, but slowing down Agentforce customers ramping deployments to scaled production levels."Agentforce is Salesforce's artificial intelligence-powered agent platform designed to automate tasks.Salesforce's second-quarter outlook of 14% current remaining performance obligation growth appears "beatable," according to Oppenheimer. "If management guides 13% to 14% for (third-quarter) CRPO growth, it will support the revenue reacceleration narrative expected in the (second half of 2027) and possibly higher multiples ahead of the investor day next month at the Dreamforce conference," the analysts said.The brokerage reiterated its outperform rating on the Salesforce stock, with a $250 price target.The company's shares were up 0.5% in Thursday late-afternoon trade. The stock has lost 22% in value so far this year.Last week, UBS Securities said Salesforce could temper expectations for an acceleration in second-half revenue amid mixed customer feedback regarding their software spending.Price: $207.22, Change: $+1.13, Percent Change: +0.55%

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Wire

Salesforce Heads Into Fiscal Q2 Print With Favorable Earnings Setup, Oppenheimer Says

Salesforce (CRM) heads into the fiscal Q2 print with a favorable earnings setup, supported by robust net new Agentforce and data cloud annual recurring revenue trends, Oppenheimer said in a Thursday research report.For fiscal Q2, the brokerage said it expects EPS of $3.26 on revenue of $11.31 billion. It added that channel checks indicated mixed trends for business activity and pipeline momentum, but targets look achievable with low expectations and robust usage trends. The company will report fiscal Q2 results next week.Agentforce cycle is evolving from broad-based testing initiatives to returns justification, which is increasing deal size, but slowing down the trend of customers ramping deployments to scaled production levels, according to the note.The brokerage said it reiterated its outperform rating on the stock and price target of $250 per share.Price: $206.62, Change: $+0.53, Percent Change: +0.26%

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Software Companies' Second-Quarter Beat Rate Accelerates Sequentially, RBC Says
US Markets

Software Companies' Second-Quarter Beat Rate Accelerates Sequentially, RBC Says

Software companies' revenue and earnings beat rates accelerated sequentially in the second quarter, driven by strength in infrastructure, security, and observability, RBC Capital Markets said in a note emailed Wednesday.Among the 54 on-quarter software companies that have reported results in the most recent cycle, the average company topped Wall Street's revenue estimates by 2.6%, up from a 2.4% beat in the first quarter, according to the brokerage. The profitability measure surpassed consensus expectations by 21.2%, compared with the first quarter's 15.7%."The biggest (second-quarter) revenue beats came from infrastructure, security, and observability while the smallest beats came from back Office, (software-as-a-service), and vertical," Matthew Hedberg, RBC's head of global technology, Internet, media, and telecommunications research, said in the note.The annual recurring revenue-to-billings ratio exceeded estimates by 3.4%, reaching the highest level in four years.Palantir Technologies (PLTR), Twilio (TWLO), Cloudflare (NET), and Xometry (XMTR) registered positive stock moves the day after results as they posted accelerated revenue beats, Hedberg said. Other companies that helped buoy sentiment were those with positive commentary on artificial intelligence tailwinds or adoption.Datadog (DDOG) and Varonis Systems (VRNS) logged share price declines post earnings as they "did not clear high bars," while HubSpot's (HUBS) stock traded lower amid reduced guidance, according to the RBC note. Meanwhile, EverCommerce (EVCM), IBM (IBM), N-able (NABL), and Pegasystems (PEGA) seem to be navigating a tough spending environment."While software stock movement has bifurcated through 2026 over perceived AI leaders/laggards, (second-quarter) showed a clear sign of bifurcating fundamentals with numerous companies seeing pressure from AI spending taking away budget or delaying decision-making," RBC analysts said.The brokerage said the full-year 2026 revenue outlook was 0.7% above consensus on average as top-line guides came in better than expected, while full-year profitability guidance topped market expectations by 2.8%.Salesforce (CRM), CrowdStrike (CRWD), Nutanix (NTNX), Okta (OKTA) and Veeva Systems (VEEV) are scheduled to report off-quarter results on Aug. 26."Similar to the (on-quarter) cohort, we expect price action for the (off-quarter) cohort to be volatile with a bifurcation in the AI haves and have not," RBC said.

$CRM$CRWD$DDOG$EVCM$HUBS$IBM$NABL$NET$NTNX$OKTA$PEGA$PLTR$TWLO$VEEV$VRNS$XMTR
Salesforce Poised to Temper Revenue Growth Acceleration Outlook for Second Half, UBS Says
US Markets

Salesforce Poised to Temper Revenue Growth Acceleration Outlook for Second Half, UBS Says

Salesforce (CRM) could temper expectations for an acceleration in second-half revenue amid mixed customer feedback regarding their software spending, UBS Securities in a note sent Wednesday.The customer relationship management platform is scheduled to release its fiscal second-quarter results on Aug. 26. UBS is projecting earnings per share of $3.44 for the quarter, above the consensus of $3.27.In May, Salesforce guided second-quarter revenue in the range of $11.27 billion to $11.35 billion, indicating a 10% to 11% increase year over year. It raised the midpoint of its full-year revenue guidance, pegging sales at $45.9 billion to $46.2 billion.During the earnings call in May, Chief Financial Officer Robin Washington projected a reacceleration in organic revenue in the second half of fiscal 2027 amid growth momentum in annual order value."For several quarters now, Salesforce has signaled improving bookings, especially downmarket, that is expected to convert to an acceleration in core revs growth in (the October and January quarters)," UBS analyst Karl Keirstead wrote. "While these checks were more about mid-large enterprise demand, they did not support a view that demand is improving."The feedback from Salesforce customers is that demand remains muted, similar to the last quarter, and "did not point to a material growth acceleration" in the second half."By product segment, the big sales and service cloud segments remained relatively steady and the feedback on data cloud was very strong, while the feedback on marketing, commerce and tableau was cautious," Keirstead said. "Bottom line, we attach a higher probability to Salesforce tempering its outlook for a (second-half) acceleration."Agentforce adoption seemed to be strong, but "the commentary did not point to any material usage inflection and privately-held Sierra was flagged more as a rival," Keirstead said.Salesforce's stock is down 27% year to date.UBS maintained a neutral rating on Salesforce, though it raised the price target to $210 from $185.Price: $192.37, Change: $-5.10, Percent Change: -2.59%

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