ADBE - Adobe Inc.
| Previous Close | 279.85 |
| Open | 276.10 |
| Bid | 275.45 x 1400 |
| Ask | 281.30 x 1000 |
| Day's Range | 273.40 - 277.89 |
| 52 Week Range | 204.95 - 291.71 |
| Volume | 1,903,260 |
| Avg. Volume | 2,689,345 |
| Market Cap | 134.406B |
| Beta (3Y Monthly) | 1.04 |
| PE Ratio (TTM) | 51.10 |
| EPS (TTM) | 5.39 |
| Earnings Date | Jun 18, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2005-03-24 |
| 1y Target Est | 295.38 |
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Adobe Systems (ADBE) Dips More Than Broader Markets: What You Should Know
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- InvestorPlace•4 days ago
Don’t Look Now, But Adobe Stock is Finally a Short
Nobody is questioning the business prospects of Adobe (NASDAQ:ADBE). But on the price chart, ADBE stock's longevity and top-dog status among the bulls is looking tenuous at best. Let me explain.Source: Shutterstock Wall Street loves Adobe stock. The analyst community collectively has 17 buys on the company behind ever-present products such as Photoshop, Acrobat and Illustrator. The staunch support has manifested itself into a median price target almost 6% above yesterday's $283.55 close.Want more? The Street's $340 high estimate is 20% removed from today's levels and 17% north of Adobe stock's all-time-highs set in early May. Mind you, those heady expectations are despite shares having enjoyed a rally of around 300% since 2016 and a massive return for its investors of about 1,650% over the last decade.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the other extreme? Currently, there's not a single sell recommendation on Adobe stock.Most recently and backing the Street's enthusiasm, ADBE's CEO enjoyed a bit of cushy armchair talk on CNBC's Mad Money. The interview highlighted the company's enviable position within secular trends for design and creativity, emphasized Adobe's exposure to the trade war is "fairly minimal" and the outlook for 2019 looks strong. * 7 Cloud Stocks to Buy on Overcast Days And away from the cameras? Adobe's soon-to-be-released Photoshop Creative Cloud for the Apple (NASDAQ:AAPL) iPad is the latest innovative tool backing up the upbeat talk.Nevertheless, when I see a picture or chart illustrated like Adobe stock's below, there's good reason to be more cautious than carefree. Adobe Stock Monthly ChartClick to EnlargeWhat concerns me are indications of price and pattern weakness emerging on Adobe stock's longer-term monthly chart. A two-candlestick reversal formation centered on the 2018 all-time high is developing. This pattern is closing in on a bearish signal to short ADBE stock below April's low of $263.72. The formation also maintains a supportive, weak-looking stochastics set-up.At a minimum, for investors that have participated in Adobe stock's burly rally, confirmation of a top should be used for profit-taking as the chances for a much larger correction increases. Adobe Stock Short StrategyFor investors who are comfortable shorting, as mentioned, I'd wait for pattern confirmation as ADBE stock trades through $263.72. Using a pattern breaking stop-loss above $291.71 amounts to short exposure of about $28 or roughly 11% stock risk. * 7 Stocks to Buy that Lost 10% Last Week Alternatively, if a short in Adobe stock signals, a tighter exit above the September high of $277.61 equates to reduced risk of around 5%. That kind of price action could be enough of an indication our technical concern was misplaced.On the downside and if conditions allow for a top to play out, the "X" on the ADBE stock chart marks the spot or more aptly, 'illustrates' where I see the first layer of substantial support. This is backed by a key Fibonacci trend-line at the December lows. Shorts would also be looking at solid open profits versus the position's initial risk. As much, this area makes a good choice for taking partial profits or maybe even giving Adobe stock a second look for an entirely new position.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post Donat Look Now, But Adobe Stock is Finally a Short appeared first on InvestorPlace.
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Adobe Rises 3%
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- InvestorPlace•6 days ago
Nokia Stock Looks Like an interesting Contrarian Play Here
There's nothing to be impressed about Nokia (NYSE:NOK) stock this year. It seems like nothing is going right. So far, the return on Nokia stock price is a miserable -17%, despite a strong bull move in the tech space.Source: Shutterstock But there is nothing new about this. Let's face it, Nokia stock has not had much traction for quite a while. Note that the average return for the past decade is -5.81%.Despite all this, might there still be a contrarian play here? Maybe the company's strategy is the right one? Hey, after all, we've seen slumbering tech gains like Microsoft (NASDAQ:MSFT) and Adobe (NASDAQ:ADBE) find ways to renew their businesses. And this has resulted in substantial gains for shareholders.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Forever Stocks to Buy for Long-Term Gains So, could there potentially be something similar with NOK stock? Granted, this may seem kind of laughable right now. The company has shown lapses in execution, as witnessed in its latest earnings report. Nokia posted a loss of 2 cents a share and revenues of $4.49 billion, while the Street was looking for a profit of 2 cents a share and revenues of $5.06 billion.But when it comes to transforming a company, the progress can be choppy. Competition remains tough and there are long sales cycles.However, NOK is still a much better company today, as it has done much of the needed heavy-lifting of cost cutting and restructuring to streamline operations. There have also been some major acquisitions, such as for Alcatel-Lucent.Yet, the most important potential catalyst is the emergence of 5G. As an indication of the importance of this trend, look at Apple (NASDAQ:AAPL). It appears that the key reason it settled its massive lawsuit against Qualcomm (NASDAQ:QCOM) was to ensure that the company has the necessary technology for 5G. This technology is a must-have.While mobile network transitions do not necessarily result in major demand for equipment, this time is likely to be different. Speeds for 5G are likely to be 100 times faster than 4G, which means there will probably be a surge in innovation. And this means more than just greatly improving smartphones. There will also be opportunities in categories like IoT (Internet-of-Things), gaming, education, autonomous cars and so on.To play in this market, there needs to be secure, reliable and scalable technology. And yes, NOK is one of a few companies that that has these capabilities with its systems.Another important factor: The US-China trade standoff. This means that the US will block out a fierce competitor -- mainly, China's Huawei.And finally, Nokia has a valuable patent portfolio. On the earnings call, CEO Rajeev Suri remarked that there will be continued strength from the portfolio that should provide "considerable monetization opportunities." Bottom Line on NOK StockThe move to 5G has certainly not been without its challenges -- and this should be no surprise. The technology is complicated and requires dealing with onerous rules and requirements. But as for NOK, management is still optimistic and believes that the second half of the year will see a pick-up in the business. There is also about 200 million in euros of revenues that are expected to be recognized during this period of time. * 10 Retirement Stocks That Won't Wilt in a Bear Market Something else: NOK stock is quite cheap at current levels, with the forward price-to-earnings multiple at 12 or so. Oh, and the dividend yield is an attractive 4.13%. This is among one of the highest in the tech sector.In other words, NOK stock does look like an interesting value play on the 5G opportunity.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Nokia Stock Looks Like an interesting Contrarian Play Here appeared first on InvestorPlace.
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- TheStreet.com•6 days ago
Adobe Is Showing Some Weakness: Protect Your Long Positions
In his first "Executive Decision" segment of Tuesday night's Mad Money program, Jim Cramer checked in with Shantanu Narayen, president and CEO at Adobe Inc. Narayen said that Adobe's mission is still to help companies create content, attract customers and transact with them. When asked about their exposure to China and tariffs, Narayen noted that Adobe has minimal exposure to both and is benefiting more from the tailwinds of people everywhere creating more content than ever.
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Should You Be Excited About Adobe Inc.'s (NASDAQ:ADBE) 27% Return On Equity?
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- InvestorPlace•6 days ago
Even Without the Trade War, Adobe Stock Won’t See $300 Anytime Soon
If you put $1,000 into Adobe (NASDAQ:ADBE) at the end of 2011, today that Adobe stock would be worth $9,849, a compound annualized return of 35.7%.Source: Shutterstock So far in 2019, ADBE stock is up 23% year to date through May 10. If Adobe can meet its average annual return over the past seven-and-a-half years, it will hit $300 with a little room to spare. Given the stock's momentum, it seems like an absolute certainty. However, others would argue that its valuation is far too stretched, suggesting $250 is a more likely scenario for the end of the year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Trade War Stocks With a Lot of Risk Here's an argument for both prices. Adobe Is a $300 StockAdobe stock has taken in the trade war and the Chinese recent retaliation. The Chinese, in a tit-for-tat move, added tariffs to $60 billion in American exports to China, scaring the heck out of investors and sending the major indexes down by more than 2%. President Trump is playing the ultimate game of chicken. However, cooler heads will prevail because no one wants a protracted trade war between the world's two largest economies. When that day comes, and the trade negotiators deliver a workable deal, Adobe's move higher should resume to $300. A big reason why Adobe stock will continue moving higher has very little to do with a trade deal and everything to its business functioning at a very high level of efficiency. At the end of April, Adobe's stock got a ratings upgrade from Morgan Stanley analyst Keith Weiss who upped it from equal weight to overweight while also increasing his 12-month price target by 21% to $340, providing investors with 26% upside from current prices. "Adobe should sustain a 20%+ EPS compound annual growth rate over the next three years, even if digital-media growth begins to wane, given improving segment profitability and ramping digital-experience growth," Weiss wrote in a note to clients.He's not the only analyst who likes Adobe. A total of 19 analysts have an overweight or buy rating on the stock with 12 analysts giving it a hold rating. None of the 31 analysts covering it gives it an underweight or sell rating. Of course, when you're growing earnings per share by 20% or more a year, it's easy to see why no analysts are negative about the company.As for target prices, Weiss's is highest at $340 with the average just under $300 at $296.68. From where analysts are sitting, Adobe looks primed to hit $300 by the end of 2019. Adobe Stock Is Only Worth $250In March, Adobe reported its first-quarter results and they were very strong with its digital media segment up 22% year over year while its digital experience segment increased revenues by 34% on the back of two acquisitions; Marketo for $4.7 billion and Magento for $1.6 billion.In fiscal 2019, Adobe expects its digital media segment's revenues to grow by 20% while its digital experience segment should see revenues grow by 34%, again thanks in large part to its two acquisitions. Most important, it expects non-GAAP earnings per share in fiscal 2019 to grow by 15% from $6.76 in 2018 to $7.80 in 2019. While the $7.80 figure is likely a conservative estimate (it increased guidance from $7.75 after the first quarter) earnings have got to hit $8.11 a share or higher to meet Weiss' three-year grow rate mentioned above. Considering both its price-to-sales and price-to-cash flow ratios are higher than its peers, and its five-year historical average, any growth below 20% will have to be viewed by investors as a failure to deliver. While I agree with InvestorPlace contributor Tezcan Gecgil that Adobe is a good long-term investment given the strength of its cloud-based products. Furthermore, it probably would make an attractive acquisition for Microsoft (NASDAQ:MSFT).However, valuation in a volatile market remains a major sticking point to a higher stock price. More bad news on the trade front could put tech investors in an extended selling mood making $250 a real possibility. The Bottom Line on Adobe StockIt's important to remember that Adobe was trading below $210 as recently as December. Therefore, it's more than possible that its share price will drop to $250 or even lower. Long-term, like my colleague, I believe Adobe stock is a winner. I would wait to see how this trade war plays out before buying. If you already own, I'd continue to hold, buying more in the $250s. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post Even Without the Trade War, Adobe Stock Won't See $300 Anytime Soon appeared first on InvestorPlace.
- TheStreet.com•6 days ago
The Buyers Are Back: Cramer's 'Mad Money' Recap (Tuesday 5/14/19)
Investors can expect more days like today if the trade war rhetoric stays quiet, Jim Cramer told his Mad Money viewers Tuesday. After Monday's market meltdown, trading today seemed to return to normal, as Wall Street realized tariffs may not be as bad as everyone feared. Most of China's latest tariffs were on agricultural products, Cramer noted, but America has a long history of subsidizing farmers, so this time will likely be no different.
- CNBC•6 days ago
Cramer Remix: Tariffs could hurt earnings, but for some CEOs, it's worth it
"Even CEOs who would never vote for Trump are willing to see their own earnings cut if it means they can get a more level playing field down the line," CNBC's Jim Cramer says. "There's no way to form a united front against China on trade because they can play us off against each other," he says. The CEOs of companies with outsized exposure to China are anticipating that the United States will escalate trade tensions even further by extending tariffs to more Chinese products, CNBC's Jim Cramer said Tuesday.
- TheStreet.com•6 days ago
Jim Cramer: Why Buyers Are Now Stepping Up to the Plate
Day three, and they are getting the jump on 'em. What's happening today is the market is trying to assess whether the loss of market cap -- about ten times the tariff impact -- is too much. What I see is this: the same pool of money is sloshing around and now it is going to the cloud kings -- Adobe Systems (on Mad Money tonight), Salesforce.
