A month before the crash

Dear Reader,

Over the past 25 years, I've made it my mission to speak up when something feels off in the markets.

A month before the dot-com bubble burst, I published a warning essentially saying: "This can't last."

In 2008, I rang the alarm on housing calling the fall of Bear Stearns and Lehman Brothers.

I've exposed shady CEOs, market frauds, and financial bubbles before most investors saw the cracks.

Eventually, CNBC gave me a nickname I didn't ask for: "The Prophet."

But what I see happening right now... it's much bigger.

Some are even calling it, "The bubble to burst them all."

And that's why I've stepped forward in a way I never have before... to show you exactly what's coming... and how to stay on the right side of it.

Because if I'm right again – and I've put together all my proof for you – this may be your final chance to prepare.

Click here to see the full details while there's still time.

Regards,

Whitney Tilson
Editor, Stansberry's Investment Advisory

Additional Reading from MarketBeat Media

Salesforce Stock Is Coiled Like a Spring and Ready to Rebound

Author: Thomas Hughes. Article Published: 12/5/2025.

Key Takeaways

Salesforce's Q3 results affirm that its AI strategy is sound and provides incentives for businesses to accelerate AI adoption.
Strong cash flow continues to grow in Q3, supporting a robust capital return outlook.
Market dynamics suggest a robust rebound lies ahead and may begin before the year's end.

An examination of Salesforce's (NYSE: CRM) stock price chart reveals a market coiled up like a spring.

On one hand, Salesforce's blue-chip, tech-growth business is healthy and commands broad market support.

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On the other, concerns about its AI strategy and growth outlook have compressed price action. The stock shows solid support at the bottom of its December 2025 trading range, along with signs of underlying strength.

The two most interesting signals are the divergences in stochastic and MACD on the weekly price-action chart. When price makes a new low but the indicators do not, it suggests bears have lost control and bulls are stepping in.

These indicators are positioned to generate strong bullish signals — a pattern that early pre-market action following the Q3 release already confirmed. The question is whether the broader market will follow through; the Q3 results and guidance update suggest it likely will.

Q3 Earnings Reflect Accelerating Adoption of AI Applications

Salesforce's Q3 results and guidance update are notable for several reasons: they were strong, and they should accelerate AI adoption. Adoption is crucial for AI applications globally — including Salesforce's — and the results not only reflect acceleration but are likely to further accelerate it.

Revenue matched expectations at $10.28 billion, up 8.7% year-over-year (YOY). Margins expanded materially, driven in part by AI's impact on Salesforce's operations. Salesforce is effectively a poster child for how AI adoption can improve profitability.

Core Subscription and Support grew 10%, helped by AI adoption and higher agent utilization. Annual recurring revenue for Agentforce and Data Cloud rose 114%, including a 330% increase in Agentforce driven by both new and existing customers. Notably, 50% of Agentforce deals came from existing clients expanding usage — a clear sign of momentum.

Remaining performance obligation (RPO) rose 12%, outpacing the 9% revenue gain and indicating accelerating business into upcoming quarters.

Margins and earnings are accelerating, supporting the company's long-term profitability goals. Operating cash flow grew 17% versus 8.7% top-line growth, and free cash flow — which was about 95% of operating cash flow — rose 22% year over year.

Looking ahead, the company expects these strengths to continue, issuing better-than-expected guidance with EPS targets above MarketBeat's reported consensus. Analysts' consensus sits near $11.38 in adjusted full-year earnings; Salesforce is guiding to roughly $11.75, which suggests management may be conservative.

Salesforce Analysts Signal a Bullish Shift in Sentiment Trends

Analysts never turned outright bearish on Salesforce, but a string of price-target cuts capped gains and pressured the stock in 2025.

Post-release activity includes numerous reaffirmed or reiterated ratings and price targets, signaling that the sentiment downdraft may be over.

As of early December, the consensus across 39 analysts is a "Moderate Buy" with roughly 35% upside. A move to that consensus price would lift the stock above key moving averages and resistance, toward the high end of its trading range and close to a record high.

Institutions have been accumulating CRM throughout 2025, providing steady support. With improving profitability, Salesforce is generating strong operating cash flow and free cash flow.

Free cash flow underpins the stock outlook by enabling capital returns. The dividend is modest — about 0.7% — but buybacks are more meaningful: share count declined 1.3% for the quarter and year-to-date, and buybacks are expected to continue into the current quarter and the coming year.

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