CRM
Salesforce, Inc.
stock NYSE

MAG7:
* MSFT - Jefferies highlights tactical opportunity for MSFT from OpenAI's 2026 enterprise push. We expect OpenAI to lean into enterprise in 2026 & beyond, given strong traction. MSFT remains a net beneficiary - 27% owner, revenue-share partner, CSP - despite competing SKUs (M365 Copilot, GitHub Copilot). MSFT's early lands and distribution (>430M paid M365 seats) should outweigh overlap. ORCL & CRWV stand to benefit, with heavy backlog exposure to OpenAI, should benefit from OpenAI's traction in enterprise."
* NVDA - Deepseek used Banned NVDA chips for next model: The Information
* NVDA - Chinese tech firms are worried about scarce NVDA H200 supply and are asking the company for clarity, with any big China orders still needing government sign off as regulators may review purchase requests, even as ByteDance and Alibaba keen to place large buys.
* NVDA - has developed new location verification software for its AI GPUs that can estimate which country a chip is running in by pinging Nvidia servers, aiming to help curb smuggling into banned markets like China
* AMZN - is planning to invest more than $35B in India by 2030, focused on AI, logistics and exports, on top of the $40B it has already put in since 2010.
EARNINGS
* GEV - BOOSTS BUYBACK TO $10B FROM $6B, DOUBLES DIV. TO 50C GEV - blow-out earnings. Oppenehimer upgrades to outperform, PT 855.
* "GEV guided to significant upside vs. previous guidance in light of pricing and volume improvements while indicating potential for further upside from factory throughput and operational efficiencies. As data centers move toward higher voltage architectures and grid capacity in key regions remains constrained, we believe GEV's expertise in high and medium voltage technologies as well as integrated solutions bodes well for market share gains, pricing power improvements, and potentially becoming the primary technology partner for multiple hyperscalers. While we continue to see the Wind business underperforming expectations, we upgrade shares as the magnitude of the AI infrastructure buildout proving larger and lasting longer than we previously anticipated. At the same time, we see GEV leveraging pricing power and innovative operating processes into industry leader margins."
AVAV:
* Revenue: $472.5M (Est. $470.29M) ; UP +151% YoY
* EPS (Non-GAAP): $0.44 (Est. $0.79)
* Bookings: $1.4B; Book-to-bill 2.9x
* Funded Backlog: $1.1B vs $726.6M as of Apr 30, 2025
FY26 Guide:
* Revenue: $1.95B–$2.00B (Est. $2.00B)
* Net Loss: -$38M to -$30M
* Non-GAAP Adjusted EBITDA: $300M–$320M
* GAAP EPS: -$0.76 to -$0.61
* Non-GAAP EPS: $3.40–$3.55
Margins were affected by the acquisition. revenue up 151% was inflated due to the acquisition. most of that was inorganic growth.
OTHER COMPANIES:
* LLY on ABVX interest speculation: 'WE DO NOT COMMENT ON BUSINESS DEVELOPMENT ACTIVITY'
* MRVL: ONE OF ONLY VENDORS OFFERING VERTICALLY INTEGRATED STACK - STIFEL
* IONQ - is working with Swedish freight tech firm Einride on what they describe as the first real-world use of quantum computing on commercial transport data, plugging IonQ into Einride’s Saga platform to optimize shipment allocation and fleet orchestration.
* DQ, CSIQ - China’s big polysilicon makers are forming a JV called Beijing Guanghe Qiancheng with 3b yuan in capital to tackle solar overcapacity, per Bloomberg. Tongwei, GCL Tech and Daqo plan to use it to buy and shut over 1m tons of capacity via a $7b fund, though Daiwa doubts it will fully stabilize prices in 2026.
* TSMC - TSMC is lifting its CoWoS advanced packaging outlook, with local Taiwanese trade press now pegging 2026 capacity at about 127k wafers per month and non-TSMC providers near 40k.
* OWL - Raymond James upgrades to Strong bUy from market perform. PT 20. We think redemption risk is manageable as OWL appears likely to honor all requests, which would remove an overhang on the stock. OWL’s funds maintain plenty of liquidity to meet multiple quarters of redemption requests. And, we do not expect that elevated redemptions would have a material impact on AUM or management fees. From October 1 through December 1, OWL closed an estimated \~$4.3 billion of aggregate capital across its evergreen non-traded products, up from $3.4 billion in the prior quarter."
* EVTL - has unveiled its Valo eVTOL, which it says is designed to carry up to 6 passengers about 100 miles at speeds up to 150 mph. The company is targeting 2028 certification with UK and EU regulators and has roughly 1,500 preorders.
* CPNG - CEO Park Dae-jun resigned after South Korea’s largest data breach, which exposed shipping addresses and phone numbers for nearly two thirds of the country.
* SATS - MS upgrades to overweight from equalweigfht, raises PT to 110 from 82. As a seller of spectrum, SATS shares are either immune or stand to benefit from rising competition among US wireless carriers, creating a unique risk/reward relative to the broader industry. Spectrum is an appreciating asset and we expect both Verizon and T-Mobile to be aggressive in pursuing the remaining paired AWS-3 holdings at EchoStar.
* PLTR - has landed a $448M US Navy deal to power ShipOS, a shipbuilding operating system bringing AI and real-time data into the yard.
* UBER - is rolling out ride-booking kiosks so travelers can hail a car without the app. First one lands in Terminal C at LaGuardia, with more kiosks coming to airports, hotels and ports.
* CRM - Salesforce EPS estimates raised at Argus, keeps a Buy rating and $360 price target
* GPCR - Structure Therapeutics 8.5M share Spot Secondary priced at $65.00
OTHER NEWS:
* TRUMP SAYS WILL BE MEETING WITH 'COUPLE' OF PEOPLE FOR FED CHAIR JOB
* China Vanke rallied after opening the door to better terms on its 2bn yuan onshore bond due Dec 15, with shares up nearly 19% in Hong Kong and 2027/2029 dollar notes off the lows around 23 cents as bondholders weigh three extension options, per Bloomberg.
* China’s November CPI ticked up to 0.7% year on year while PPI fell 2.2%, so consumer prices have inched out of deflation but factory gate prices remain deeply negative, a mix that hurts profits and keeps pressure on Beijing for more support in 2026.
* EIA sees US power use hitting records at 4,199B kWh in 2025 and 4,267B in 2026 vs 4,110B in 2024. Growth is coming from AI and crypto data centers plus electrification, while renewables rise from 22% to 25% of generation.

Wow I was going to recommend CRM and ADBE

I bought CRM to hold for a while.
Consumers are struggling so I'm avoiding B2C companies. CRM is B2B.

Damn. Wish I had scooped CRM at 225. Sheesh

ADBE and CRM have good free cash flow, both undervalued
Incredibly boring companies/products but both are a buy
There's a concern AI will obsolete ADBE, I doubt it
CRM does HR work, Quality Systems (Pharma), etc. Companies have a history with CRM and its hard, risky, and expensive to switch from their existing application. So CRM is my favorite.

To compare SHLD and ITA, I run gravity analysis on today's (2025-12-09) data.
The two networks have 39 shared nodes in their respective top 100 nodes, sorted by force strength in descending order:
AMT, ANET, ARM, AVAV, CHTR, COIN, CRWD, CYBR, DLR, EEM, EME, ETN, FTNT, GLD, HD, HII, HUBS, IBM, IEMG, INTU, IVV, JCI, JPM, LMT, MSFT, NET, NOW, NRG, PANW, QQQ, QQQM, RTX, SAP, UBER, VOO, WDAY, WSM, WTW, XLI
Unique to SHLD:
ABNB, ADBE, ADP, AMD, ARKK, AXON, BA, BE, BH, BIDU, BITB, BTC, CB, CCI, CELH, CIBR, CRM, CRWV, DASH, DIA, DIS, DOX, DUOL, EA, EBAY, EDU, ES, EWY, FBTC, FFIV, FLUT, GBTC, HLNE, IGV, ITA, LPLA, META, MNDY, MSI, MSTR, MU, ORCL, PAYX, PLTR, PRIM, Q, QCOM, RBLX, ROKU, SCHW, SKYY, SNDK, SPOT, SPY, STX, TEL, TSLA, TSM, UPS, WDC, XOM
Unique to ITA:
AEM, AMZN, AON, APH, APPF, ATI, BABA, BIO, BMI, BWXT, CEG, COST, CW, EFG, EG, EGP, ELV, FSLR, FUTU, GD, GE, HCA, HEI, HON, IDCC, IQV, IT, ITW, IVE, IWB, IWF, LEU, LHX, MA, MMC, MPC, NOC, NSC, NVT, NXT, OSIS, PDD, PPA, PSA, PSX, RNR, ROP, SAM, SPGI, STRL, TM, TMO, TT, UNH, V, VLO, VRT, VTI, WSO, WST, XAR
It is an efficient way to check the overlapping and uniqueness between ETFs network market power. There is more way to break down each into detailed nodes as well.
Check it out at [knotcord.com](http://knotcord.com)

To compare VTI , QQQM , VXUS, I run gravity analysis on today's (2025-12-09) data.
The three networks have 26 shared nodes in their respective top 100 nodes, sorted by force strength in descending order:
ACWI, DIA, ESGU, FDS, GLD, ITOT, IUSG, IVE, IVV, IWB, IWD, IWF, QQQ, QUAL, RSP, SPXL, STX, TSM, UPRO, VIG, VO, VOO, VT, VTV, VXF, XLI
Unique nodes to VTI network:
AIT, BLK, CEG, CRM, DPZ, GPI, LFUS, MA, MCD, MLM, MUSA, NOW, UNP, VCR, VMC, VMI, WINA
Unique nodes to QQQM network:
APH, CR, CRL, FDN, IGM, IOO, MYRG, POWL, SANM, TEL, VOOV
Unique nodes to VXUS network:
ACWX, ANET, ATI, AVEM, BBJP, BBUS, BIDU, CCJ, CGDV, COIN, DFUS, DYNF, EEM, EFA, EFG, EMR, EMXC, ESGD, EWJ, EWL, EWT, EWY, FEZ, FUTU, GINN, ICE, IDEV, IEFA, IQLT, ITW, IUSV, IWR, IWS, IXUS, JGRO, LRCX, LRGF, MAGS, MET, MGA, MOAT, NDAQ, NEM, PLTR, PSX, QGRW, REMX, RJF, SEIC, SPTM, SPY, SPYM, SPYV, SSO, TEAM, TMFC, VEA, VEU, WFC, WTW, XLG, XMMO
It is an efficient way to check the overlapping and uniqueness between ETFs network market power.
Check it out at [knotcord.com](http://knotcord.com)

I think ADBE, CRM, MA, META, AMZN, UNH, UBER, and RDDT are undervalued.

CRM, ADBE, EXLS, WKL... plenty

Cool
Lmk if you do…
I do have PCS on CRM at 280/290 strike expiring 1-16-26

TT, CPRT, CRM.

Had been CRM but that came roaring back and had a banger Q that should keep it going up.
DECK 105 cost basis, averaged down at 80, now slightly in green. Very good fundamentals.
CPB I wanted a boring dividend play which I guess it is but it just lumbers along. 32 cost basis.
Meh, overall great year so can't complain.

MRK, CRM, and ALB.

Thinking of selling DDOG and moving it into CRM. I'm already well into the green as far as DDOG goes. Agreed?

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TTD, ADBE, CRM, ZETA, SAP

Damn I’m super bullish because of earnings for oracle adobe and one more big name Thursday. Also fed rate cut same day. CRM was a good indicator last week for bullish sentiment imo.