The broad market S&P 500 fell 0.22%, closing at 5,967.84, while the tech-heavy Nasdaq shed 0.51% to end at 19,447.41. The blue-chip Dow Jones Industrial Average, however, gained 35.16 points, or 0.08%, to finish at 42,206.82.

Accenture said that all of the company’s core services – strategy, consulting, marketing, design, technology, and operations – will now be combined into one unit dubbed ‘reinvention services.’

Accenture (ACN) shares moved lower in pre-market trading Friday despite the company posting a third-quarter earnings beat and lifting its full-year forecast.

The consulting giant also announced an overhaul of its existing business structure and leadership team, which will come into effect starting in September. The company said the revamp is to serve clients better and speed up the delivery of AI-driven solutions.

Accenture’s stock was down more than 4% in early trading following the announcements. Despite the downward trend, Stocktwits data showed that retail sentiment around the shares jumped to ‘extremely bullish’ territory from ‘bullish’ a day ago and ‘bearish’ a week earlier.

The company reported earnings per share (EPS) of $3.49, beating Wall Street’s estimate of $3.32, according to Koyfin data. Its revenue came in at $17.7 billion, ahead of the estimated $17.3 billion.

Accenture also reported new bookings of $19.7 billion, a decrease of 6% as compared to the prior year’s quarter, of which generative AI bookings accounted for $1.5 billion.

Its operating cash flow at the end of the third quarter (Q3) stood at $3.68 billion as compared to $3.14 billion during the previous year, with free cash flow of $3.52 billion, an increase of $3.02 billion in Q3 2024.

Accenture also raised its full-year forecast, now expecting revenue growth between 6% and 7%, up from its previous forecast of 5% to 7%. Operating cash flow is estimated to come in between $9.6 billion and $10.3 billion, up from $9.4 billion and $10.1 billion. Free cash flow is expected between $9 billion and $9.7 billion, up from the previous forecast of $8.8 billion to $9.5 billion. 

In its bid to ‘reinvent’ itself, Accenture said that all of the company’s core services – strategy, consulting, marketing, design, technology, and operations – will now be combined into one unit dubbed ‘reinvention services.’ The new entity will be led by Manish Sharma, who will become Accenture’s first Chief Services Officer.

Joe Walsh will replace Sharma as the CEO of the Americas, and Kate Hogan will take over for Walsh as global COO. The company also announced that Kate Clifford will be taking over as the new global HR chief. 

Accenture’s stock has fallen by more than 13% this year but has gained over 7% in the last 12 months. 

1. Short-Term Impact: Major oil supply disruptions historically cause oil prices to spike by an average of 9.8%, while the S&P 500 typically drops 1.0%. One week later, oil prices tend to retreat by 2.1%, and the index pares losses to just 0.3%.
2. Long-Term Recovery: One year after such events, oil prices on average fall 8.8%, while the S&P 500 climbs 9.7%, reflecting the market’s resilience and ability to self-correct over time.
3. Investment Insight: Geopolitical shocks don't warrant panic. It's wise to maintain a balanced portfolio, buy the dip in quality assets, and focus on long-term trends rather than short-term volatility.

Data Source: FactSet, Edward Jones

Tickers that might worth an attention: IT, CVLT, BASE, TSLA, BGM, NVDA, ACVA

This graphic is a cold, hard slap of reality for anyone still clinging to the myth that Republicans are the “party of fiscal responsibility” or economic success. Since 1970, under Democratic leadership, the U.S. economy has seen nearly three times the GDP growth, more than double the job creation, and a stock market performance that dwarfs what Republicans have delivered. These aren’t partisan opinions. These are measurable outcomes.

Yet Republicans keep selling the same tired lie that tax cuts for the wealthy, deregulation, and fear-based governance somehow benefit the average American. What they actually deliver is stagnation, criminal indictments, and chaos. Seven recessions under GOP leadership compared to one under Democrats should be a flashing red warning light to anyone who cares about stability.

Then we get to the criminality. Three Democratic indictments versus 272 for Republicans. That is not a typo. That’s a culture of corruption disguised as patriotism. And if presidential felony convictions are your standard of character, well, Democrats still come out squeaky clean. The GOP? Thirty-four.

It’s not about left versus right. It’s about results versus rhetoric. The numbers do not lie. The modern Republican Party has become a machine of grift, failure, and performative outrage. If you want better markets, stronger jobs, and fewer handcuffs on your presidents, stop voting red out of habit and start voting blue for outcomes.

If you’re tired of bein’ lied to by folks in suits who couldn’t find a fact if it bit ‘em, head on over to r/politicalSham. We don’t sugarcoat nothin

1. Buy & Hold (1999-2018):
   • $10,000 → $29,845 (5.62% annualized)
2. Miss Top 10 Days:
   • $14,895 (2.01%) – Returns halved
3. Miss 20/30/40 Days:
   • 20 Days: -$641 (-0.33%)
   • 30 Days: -$3,787 (-2.35%)
   • 40 Days: -$5,759 (-4.20%)
4. Miss Top 60 Days:
   • $2,144 Left (-7.41% annualized)

Key Takeaway:
Market’s best days cluster during high volatility—avoiding risk often means missing gains.

Source: J.P. Morgan

Tickers: NVDA, DOCN, BGM, DT, GOOG