Today’s Research Reports on Stocks to Watch: Alphabet and Adobe
NEW YORK, NY / ACCESSWIRE / November 20, 2018 / With no particularly significant news from either Alphabet Inc. or Adobe Inc. yesterday, both stocks were still tanking head first into the red as the tech arena dragged lower.
The Market Edge Initiates Coverage on:
Alphabet Inc.
https://marketedgereport.com/report/GOOG/
Adobe Inc.
https://marketedgereport.com/report/ADBE/
Alphabet Inc. shares were down nearly 4% on Monday on about 1.8 million shares traded. Wall Street has learned that employees at Google, which Alphabet is the parent of, as well as three other tech giant companies can now sue over sexual harassment. Google was the first company to undo its mandatory arbitration clause for harassment earlier this month. “We recognize that we have not always gotten everything right in the past and we are sincerely sorry for that. It’s clear we need to make some changes,” wrote Google CEO Sundar Pichai in an email to employees recently. In separate news, Apple's CEO Tim Cook recently said in an Axios on HBO interview that the reason why the iPhone maker takes Google's cash in exchange for putting its search engine up front and center on the iPhone is because he thinks "their search engine is the best."
Access The Market Edge’s Alphabet Inc. Research Report at:
https://marketedgereport.com/report/GOOG/
Adobe Inc. shares were down a little over 8% on Monday on trading volume of about 7.5 million shares, roughly double compared to usual. There was no particularly bad news from the company. In fact Adobe announced that it was recognized as a Leader in “The Forrester Wave™: Web Content Management Systems, Q4 2018” report1 by Forrester Research, Inc. The company had received the highest scores in the current offering and market presence categories. In its report, Forrester stated: “[Adobe Experience Manager] Sites remains a top choice for enterprise marketing buyers demanding sophisticated tools, but increasingly, Adobe is also a good fit for experience-led, mid-market organizations of all industries, even government, given its well-rounded compliance certifications.” Loni Stark, head of Adobe Experience Manager and Adobe Target commented, "People are no longer buying products, they’re buying experiences and great content can make or break a brand’s relevance today. Only Adobe has the tools that help brands reimagine customer experience management (CXM). With Adobe’s industry leading content management solution, brands of all sizes can manage and deliver highly personalized experiences across channels at just the moment it matters to a customer.”
Access The Market Edge’s Adobe Inc. Research Report at:
https://marketedgereport.com/report/ADBE/
Our Actionable Research on Alphabet Inc. (NASDAQ: GOOG) and Adobe Inc. (NASDAQ: ADBE) can be downloaded free of charge at The Market Edge.
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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
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SOURCE: MarketEdgeReport
