"While the Dow Jones Industrial Average (NYSEARCA:DIA) has climbed 3.4% year-to-date entering Thursday's trading, three blue-chip giants went the opposite direction. Salesforce (NYSE:CRM), Microsoft (NASDAQ:MSFT | MSFT Price Prediction), and UnitedHealth Group (NYSE:UNH) became the index's biggest drags, each shedding double-digit percentages while the broader market marched higher. Beating earnings doesn't guarantee stock gains when investors question the path forward."
"Salesforce reported Q3 fiscal 2026 revenue of $10.26 billion, slightly below to in line estimates, and beat on earnings with $3.25 per share versus the $2.86 consensus. Revenue grew 8.6% year-over-year, and the company raised full-year guidance to $41.45 billion to $41.55 billion. Management highlighted Agentforce and Data 360 ARR hitting roughly $1.4 billion, up 114% year-over-year. None of it mattered. Shares collapsed from $264.91 on December 31, 2025, to $187.79 by February 18, 2026."
The Dow Jones Industrial Average rose 3.4% year-to-date while Salesforce, Microsoft, and UnitedHealth declined by double-digit percentages, acting as the index's largest drags. Honeywell gained 23% and Chevron rose 19%, increasing divergence among components. Salesforce reported Q3 fiscal 2026 revenue of $10.26 billion, beat earnings, raised full-year guidance, and noted Agentforce and Data 360 ARR near $1.4 billion. Shares nonetheless plunged, prompting price-target cuts amid concerns that agentic AI and self-coding tools could compress seat-based revenue. Gartner projects business software spending growth of 14.7% in 2026, and Morningstar gave Salesforce a five-star rating while Vanguard slightly increased its stake.
Read at 24/7 Wall St.
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