Breakfast News: Cloud Leaders Set to Report
December 1, 2025
| Friday's Markets |
|---|
| S&P 500 6,849 (+0.54%) |
| Nasdaq 23,366 (+0.65%) |
| Dow 47,716 (+0.61%) |
| Bitcoin $91,081 (-0.45%) |
1. A Big Week Ahead for 3 Rule Breakers
CrowdStrike (CRWD +1.52%) will post third-quarter results after Tuesday's close, following on from a record quarter for net new annual recurring revenue (ARR) in Q2. Since then, the company has raised its long-term outlook and expects $10 billion in ARR by 2031. The stock has beaten the S&P 500 by 142% since its most recent Stock Advisor recommendation in 2023.
- A current dividend yield of 0.71%: Salesforce (CRM +1.08%) is due to report Q3 on Wednesday, after seeing a 10% rise in revenue in Q2 with AI and cloud ARR more than doubling year over year (YoY). Management focus is on revenue from AI products, so watch new customer uptake in that area.
- Trailing the S&P 500 by 106% since RB's February 2022 recommendation: Thursday brings a Q3 update from DocuSign (DOCU +0.70%). Following a 9% revenue rise in Q2, eyes will be on expansion to end-to-end agreement management. As Fool analyst Emily Flippen put it: "The story is again shifting from incremental e-signature sales to Intelligent Agreement Management, which should make DocuSign stickier for customers, improve margins, and help create market-beating growth."
2. Other Key Q3 Earnings Coming Up
Okta (OKTA 0.29%) beat Q2 hopes in August, and raised the stakes with expectations of full-year revenue of up to $2.89 billion – for 10%-11% growth YoY. And that, it seems, is "prudent" guidance – as the company still faces uncertainty, especially among large government clients. We'll know more with Tuesday's Q3 release.
- $1.09 billion revenue in Q2: Wednesday brings Q3 figures from Hidden Gems rec Snowflake (SNOW +0.95%). The cloud platform saw product revenue soar 32% YoY last time. Growth is expected to slow in the current quarter, though guidance is still strong at 25%-26% over last year's Q3.
- Second-quarter revenue up 24%: MongoDB (MDB +1.97%) beat year-over-year revenue guidance again in Q2, reporting $591 million. Revenue from its Atlas cloud platform – up 29% YoY – accounted for 74% of the total. Watch for Q3 customer numbers – which reached a new record in Q2 – after today's market close.
3. Crypto Down, Mixed Month for Stocks
Bitcoin (BTC 6.71%) fell more than 5% in early trade this morning, as cryptocurrencies resumed their recent sell-off. The price quickly dipped below $86,000 – down 32% since the all-time high above $126,000 set in October.
- Ether (ETH 6.46%) fell 5.5% this morning: This drop aligns with a broader risk-off mood among investors at the start of the new month. Futures in the S&P 500 were down by more than 0.50% in pre-market trading, with Nasdaq futures down over 0.60%.
- AI worries easing: Markets had a strong week following tech-stock wobbles, with the S&P 500 up 3.7% as the Nasdaq gained 4.9%. The latter is now back to a modest 1.5% dip in November, and the S&P 500 is in positive territory – though only by 0.1%.
4. Intel Surges 10% on AMD Foundry Talks
Intel (INTC +10.19%) shares jumped Friday after reports emerged that Advanced Micro Devices (AMD +1.54%) is in early discussions to use Intel's foundry services. AMD stock nudged up almost 1.5% to close the week. The potential partnership would mark a significant validation of Intel's turnaround strategy.
- Superscore of 49 on our Rule Breakers Primary database: Intel recently secured $5 billion from Nvidia (NVDA 1.83%) and $2 billion from SoftBank, strengthening its balance sheet for strategic investments.
- Intel still trades for about 30% below where it was at the start of 2024 – before it had the Nvidia deal or government partnership: TMF co-founder and CEO Tom Gardner recently made reference to "the company ... investing heavily in quantum computing technology, which is a long way off from commercial viability but could be a massive technological revolution in the not-too-distant future."
5. Your Take
Black Friday and Cyber Monday are famous for fool's gold deals – which overhyped stock are you avoiding this year, even though everyone else seems to be buying? Debate with friends and family, or become a member to hear what your fellow Fools are saying.