Exceeding expectations

[The beef 675] [I'm an image] “The Ohana is closer than ever.” - Jeff Hey there carnivores, The markets were mixed on Tuesday, as Jerome Powell's expected to change the way banks look at inflation soon. Today we’re looking at Salesforce exceeding expectations. Keep raging, Jeff & Jason [Image] [I'm an image] A force to be reckoned with Salesforce [reported its Q2 earnings]( yesterday after the bell, and it's safe to say Marc Benioff is having a better week than you or I. The cloud-based CRM software company’s revenue came in at $5.15B for the period ended July 31st compared to estimates of $4.90B. EPS more than doubled expectations coming in at $1.44 per share vs. 67 cents expected by analysts. But it wasn’t just "business as usual" this quarter at Salesforce Tower. A $617M investment windfall from Salesforce's ownership of nCino, which went public in July, played a big role in the company making estimates their b*tch. nCino provides banks with cloud-based services [using Salesforce’s platforms](. Let’s hope somebody didn’t count that revenue twice... Overall, revenue grew 29% YoY... which is actually down from the 30% YoY growth in Q1. You hate to see it. Still, shares rose 13% after hours, after climbing 3.6% during the day. The bottom line... The stellar report comes on the heels of the announcement that Salesforce will join the Dow, replacing Exxon-Mobil. It’s a big step for the company, and its [first-ever]( $5B quarter is a great introduction. And it doesn’t appear to be slowing down. Salesforce upped its full-year guidance to between $20.70B and $20.80B, beating expectations of $20.07B. [Image] Attendance Is Necessary... On Thursday, Aug. 27 At 8 PM ET Kyle Dennis Reveals His Latest Breakthrough [Alternate text]( Discover How Kyle Sets Himself Up For Overnight Profits Right From His Phone! [Secure Your Spot Now]( [I'm an image] ☑️And for that reason, we’re out. Nike is [cutting out]( some of its wholesalers, and to analysts, that’s not necessarily a bad thing. The move comes as Nike looks to take “control of more of its own destiny.” I’ve seen the end of this movie, not every destiny has a positive outcome. So who is Nike snubbing? Zappos, Boscov’s, Dillards… I could keep going, but you get the idea. Retailers won’t be cut off in one fell swoop, but the move is entire and coming soon. According to Nike this is part of the company’s Consumer Direct Offense initiative, a strategy that pulls retail sales in-house. ☑️WFH. JPMorgan is ready to change the way Wall Street works. The bank [told employees]( in its corporate and investment bank that the almost 61k employees will swap between in-office days and WFH days. So, do they bring their monitors home every time? According to department head Daniel Pinto, “Depending on the type of business, you may be working one week a month from home, or two days a week from home, or two weeks a month.” Who is going to water my succulent? ☑️Making a mountain out of an Ant Hill. Jack Ma’s Ant Group revealed how profitable it’s been as the company gets ready to go public. On Tuesday, Ant publicly [disclosed]( how much the company was worth, and the scale at which the business was operating. Hint: it’s a lot. For the first six months in 2020, Ant made $3B in net profit with a revenue of $10.5B, marking a near 30% net margin, a high one for a young, quickly growing company. ☑️AA Meetings. American Airlines announced it was cutting [another 19k]( employee including pilots, flight attendants, mechanics, and other airline employees. Why? That big ol’ bailout the US government gave to airline carriers expires on October 1. In AA’s defense, the cuts are less than the 25k it warned would happen last month. Between retirements and temporary leaves of absence, (read: furloughs) the company's headcount is down 30% from March. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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