The stock market closed lower on Monday after Treasury yields hit its highest level since August. The benchmark 10-year Treasury yield climbed to 4.02%. Meanwhile, oil prices continued to increase amid the high tensions in the Middle East.
Overall, S&P 500 declined 1.0% to 5,696, while NASDAQ fell 1.2% to 17,924.
Tweet of the Day
After weeks of deliberation I decided to hold Celsius $CELH shares I own for investors.
This qtr, PepsiCo is cutting its Celsius inventory by $100-150 million. CELH sales est is -25%.
After that, revenue is expected to grow around 10% the next 2qtrs. The stock might rally. https://t.co/m3rCbGXX27
— David Sharek (@GrowthStockGuy) September 30, 2024
Chart of the Day
Here is the one-year chart of Salesforce (CRM) as of September 4, 2024, when the stock was at $248.
In last quarter’s earnings call, Salesforce management was excited about its new Agentforce platform, which they claim will redefine enterprise software. Agentforce is Salesforce’s AI-driven platform designed to automate tasks and drive productivity for organizations. It is integrated directly into Salesforce’s ecosystem, leveraging its data to deliver high levels of automation and accuracy.
What’s good with Agentforce? It is a key strategic initiative platform by Salesforce, offering autonomous, no-code, AI-driven agents. Now, organizations do not have to train their own AI initiatives since they can just use Agentforce. Salesforce signed 1,500 AI deals last quarter alone, with some of the world’s largest brands using AI solutions, including Alliant, Bombadier and CMA CGM. Agentforce combines info from Data Cloud, utilizes the company’s AI assistant Einstein, and integrates Customer 360 apps.
CRM is part of our Growth Portfolio.
