223.99 +1.81 (0.81%)
Pre-Market: 8:08AM EDT
|Bid||223.00 x 200|
|Ask||224.00 x 1000|
|Day's Range||218.68 - 226.59|
|52 Week Range||124.51 - 228.88|
|PE Ratio (TTM)||59.26|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Back in 2013, Mad Money host and former hedge fund manager Jim Cramer coined the FANG acronym. Cramer called each of the FANG stocks “companies that represent the future … are dominant in their markets … and have serious momentum.” He consequently declared these stocks to be long-term winners.
Since the latest earnings report from Autodesk, Inc. (NASDAQ:ADSK), the shares have been on a nice bull ride. For example, in the third quarter, which ended in late November, Autodesk stock got hit hard.
Growing subscription for cloud applications and strong demand for innovative products help Adobe's (ADBE) stock rally to a new 52-week high.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors that enabled Adobe’s (ADBE) stock to rise ~70% in the last one year. RBC Capital Markets reiterated its “outperform” rating on Adobe’s stock and raised its price target to $235 from the previous $208.
What Drove Adobe Stock to All-Time High? Earlier in the series, we discussed the factors that make Adobe (ADBE) one of the “cloud kings.” In fiscal 2017, which ended December 1, 2017, Adobe’s revenue surged 25% to $7.3 billion, while its net income jumped 45% to ~$1.7 billion. Thus, in the last couple of years, Adobe has not only managed to increase its top line but also its bottom line through efficient cost control, which has led to margin expansion and profitability.
Adobe Systems Incorporated (NASDAQ: ADBE ) reported last Thursday its fiscal first quarter results which helped boost the stock to a new all-time high of $228.88 Friday. With the stock now up more than ...
By Nick Brown NEW YORK (Reuters) - Oil prices finished the week at a gain after a big Friday rally, and U.S. stock indices ended flat-to-higher, to close a bumpy week on a high note. Crude prices had been ...
The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street's major indexes posted losses for the week. Energy led the major sectors of the S&P 500 with a 1.0 percent gain, as oil prices rose 1.7 percent. The Nasdaq was barely changed at Friday's market close.
Adobe stock received price-target hikes from at least 15 Wall Street firms following the company's earnings report.
Stocks that moved substantially or traded heavily Friday: Overstock.com Inc., down $2.50 to $45.70 The online discount retailer said it will take losses and ramp up its growth to compete with rival Wayfair. ...
President Trump blocked Broadcom's bid to buy Qualcomm and moved toward China tariffs. Boeing tumbled as stocks drifted lower. Adobe earnings were hot.
The S&P and Dow Industrials rose on Friday as strong U.S. industrial output numbers boosted stocks across sectors, though equities were on track for overall losses this week. Energy led the major sectors of the S&P 500 with a 0.9 percent gain, as oil prices rose by more than a dollar.
The stock market looked poised to end the week on solid ground Friday as several Dow stocks outperformed with gains of 1% more.