{
  "url": "https://struct.news/briefs/salesforce-intuit-and-a-real-estate-stock-share-a-market-rhythm",
  "title": "Salesforce, Intuit and a real-estate stock share a market rhythm",
  "summary": "Twelve names participated on Aug. 17, spanning seven sectors, with technology making up just over half the group.",
  "published_at": "2026-08-17T23:47:28.402152+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": null,
    "ticker": null,
    "cik": null,
    "sector": null,
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "How unusual is the grouping?",
      "label": "Recent correlation",
      "value": 0.6633,
      "display": "0.66",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-17"
      }
    },
    {
      "group": "How unusual is the grouping?",
      "label": "Usual correlation",
      "value": 0.0746,
      "display": "0.07",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-17"
      }
    },
    {
      "group": "How unusual is the grouping?",
      "label": "Above normal",
      "value": 3.28,
      "display": "3.3σ",
      "unit": "sigma",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-17"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Recognized $9 million of interest expense during the current quarter related to the Brown Judgment.",
      "importance": "medium",
      "evidence": "The change was primarily due to a decrease in our cash and cash equivalents, as well as $9 million of interest expense recognized during the current quarter related to the Brown Judgment.",
      "source_date": "2026-07-29"
    },
    {
      "type": "input_costs",
      "statement": "Total share-based compensation expense decreased $50M to $409M (16.1% of revenues) for the quarter, down from $459M (20.5%), primarily due to reduced restructuring expenses.",
      "importance": "medium",
      "evidence": "Total share-based compensation expense $ 409 $ 459 Percentage of total revenues 16.1 % 20.5 % Share-based compensation expense decreased by $50 million for the three months ended April 30, 2026, compared to the prior year period, primarily due to a reduction in restructuring expenses.",
      "source_date": "2026-05-22"
    },
    {
      "type": "demand",
      "statement": "Reported Trust‑Based Solutions revenue rose to $1,661M in FY2026 (from $759M in FY2025). Monitor future reported segment revenue for changes.",
      "importance": "medium",
      "evidence": "Cyber Safety Platform $ 3,339 $ 3,176 Trust-Based Solutions 1,661 759 Total net revenues $ 5,000 $ 3,935 Direct revenues $ 4,137 $ 3,463",
      "source_date": "2026-05-21"
    },
    {
      "type": "product_pipeline",
      "statement": "R&D expense increased $80M in fiscal 2026, driven by headcount, equipment, stock‑based comp, and other costs; track next R&D spend disclosure.",
      "importance": "medium",
      "evidence": "Research and development expense, including the impact of the additional week in the first quarter of fiscal 2026, increased $80 million, primarily due to a $31 million increase in headcount costs, a $19 million increase in equipment expenses, a $17 million increase in stock-based compensation expense and an $8 million increase in occupancy and IT costs.",
      "source_date": "2026-05-21"
    }
  ],
  "related_tickers": [
    "BILL",
    "BRZE",
    "CRM",
    "CSGP",
    "DBX",
    "DOCU",
    "GEN",
    "INTU",
    "NICE",
    "NTNX",
    "WDAY",
    "WK"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}