Editorial companion

What stands out

Jenny Kovacs flags three quick premarket moves that mattered Monday: an analyst upgrade on Salesforce that lifted early attention to cloud software, a downgrade of Adobe that put one of creative software’s bellwethers under pressure, and Microsoft-led software cost cuts that set the tone for enterprise spending. The tidy trio captures a single theme journalists repeated on morning shows: software vendors are being re‑priced on both growth and margin discipline at the same time, so small headlines can move large-cap names before the bell.