309.00 +2.77 (0.90%)
Pre-Market: 8:43AM EST
|Bid||309.06 x 800|
|Ask||311.30 x 1400|
|Day's Range||303.16 - 306.74|
|52 Week Range||204.95 - 313.11|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||54.49|
|Earnings Date||Dec 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||317.62|
The Federal Open Market Committee’s (FOMC) last policy-setting meeting of this year and November’s retail sales data will take centerstage this week.
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: (COST) is Expected to Have Grown its Earnings 6.2% —from a year ago. The retail giant releases its results for the last quarter on Thursday. Costco Wholesale (COST) is one of several notable companies reporting this week.
The stock market pause after Thanksgiving gave a chance to build handles on software names Adobe, Okta, Trade Desk, ServiceNow and Dynatrace.
Facebook is selling Oculus Medium -- a 3D virtual reality sculpting tool for creatives -- to Adobe. The team was an expensive effort for Oculus and its sale signifies a broader rethinking within Facebook in what virtual reality projects they tackle in-house. It's clear that Oculus pumped an awful lot of money into Medium over the years and the sale probably isn't great for the Oculus Medium team, if only because there is now a proper price tag attached to the effort that will be looming for the fairly niche software.
The San Jose software giant didn’t say how much it paid for the program, which it said will continue to build out Adobe’s portfolio of 3D and VR tools, such as Photoshop, Dimension, After Effects, Substance and Aero.
On CNBC's "Fast Money Halftime Report," Joe Terranova said there's more room on the upside for iShares Dow Jones US Medical Dev. (NYSE: IHI ). He added that this is a secular play on aging population. ...
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.The earnings calendar is surprisingly full next week. And next week's earnings reports, including several from big names, come at an interesting time for the market.After all, U.S. stocks saw their first real stumble in almost two months this week. A three-session decline that began on Friday took nearly 2% off the S&P 500. Investors started buying the modest dip on Tuesday afternoon, though flat trading on Thursday suggests even that optimism has faded.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, equities look a little shaky heading into the rest of the year. Next week's earnings reports could change overall sentiment -- or at least signal just how confident, or worried, the market truly is.That said, reports from two big names don't have quite the juice they might normally have. Adobe (NASDAQ:ADBE) already has released guidance for fiscal 2020, with its shares gaining nicely on that news. There's likely little in the way of surprises coming when it reports on Thursday.Costco Wholesale (NASDAQ:COST) released sales for its fiscal fourth quarter this week, and doesn't give guidance. It's worth keeping an eye on shaky trading of late, but there, too, earnings don't seem likely to drive a major move. * 7 Hot Stocks for 2020's Big Trends Still, there are plenty of other key earnings reports to watch next week. Several retailers report as the important (and shortened) holiday shopping season ramps up. A pair of big value plays in tech will try to maintain recent momentum. And a leader in one of the market's hottest sectors will try and avoid a pothole. Next week seems potentially important for a market that seems to have cooled off, and these earnings reports could have a lot to do with where stocks go from here. Earnings Reports to Watch: AutoZone (AZO)Source: Robert Gregory Griffeth / Shutterstock.com Earnings Report Date: Tuesday, December 10, before market openAutoZone (NYSE:AZO) isn't the biggest company reporting next week. Its fiscal first quarter earnings report isn't going to move the markets, and may not even generate all that much in the way of headlines.Still, AutoZone earnings bear watching. At the least, they could move shares of rivals O'Reilly Automotive (NASDAQ:ORLY) and Advance Auto Parts (NYSE:AAP), which like AZO sit in an interesting spot at the moment.All three stocks fell rather sharply in 2017 amid fears of online competition from the likes of Amazon (NASDAQ:AMZN). They've since rebounded -- AZO stock has more than doubled from late 2017 lows -- but there's a question of just how much rally is left.Indeed, the three names have traded relatively flat in recent months. As a result, this is a sector that looks like it needs a catalyst; blowout AutoZone earnings certainly would qualify.Meanwhile, AZO stock looks like an interesting test for the market after earnings. Fears of online competition persist. Valuation is attractive relative to the market, but seems to make sense given external risks. Are investors willing to focus on valuation over risk? If they are with AZO, they might be elsewhere in the market too. American Eagle Outfitters (AEO)Source: Helen89 / Shutterstock.com Earnings Report Date: Wednesday, December 11, before market openAmerican Eagle Outfitters (NYSE:AEO), too, isn't one of the largest companies reporting next week. It's not even the largest apparel retailer: that honor goes to Lululemon (NASDAQ:LULU), which also releases third quarter earnings on Wednesday afternoon.But Lululemon is an outlier in retail given its impressive growth. American Eagle, on the other hand, is one of many retailers trying to adapt to the "new normal." Lately, that hasn't been good news for AEO stock, which has declined 22% so far this year and sits not far from a two-year low.That weakness seems surprising given what American Eagle has delivered over the past two years. As a company, American Eagle has performed better than most, and maybe all, other mall-heavy retailers. Its aerie brand has posted spectacular same-store sales growth. The namesake brand has outperformed many of its peers. Earnings have risen.And yet shares keep heading in the wrong direction. In that context, American Eagle earnings look important for the entire apparel retail sector.If American Eagle Outfitters posts another solid earnings report next week, AEO stock has to rally. Because if it can't get at least a bounce at this valuation, investors will rightly wonder if the industry's other, often weaker, stories are worth buying. Meanwhile, if American Eagle disappoints (particularly relative to its outlook for the holiday season), that's a concerning data point at a critical time for the industry. * 10 Stocks That Should Be Every Young Investor's First Choice Mall retailers need good news from American Eagle next week. Anything less could be a big problem at close to the worst possible time. Oracle (ORCL)Source: Jonathan Weiss / Shutterstock.com Earnings Report Date: Thursday, December 12, after market closeOracle (NYSE:ORCL) might well make a big move next week. ORCL stock has lacked much in the way of direction going back to April. Shares have pulled back in recent sessions. Investors don't seem to have much confidence in Oracle stock right now, with a push/pull between an attractive valuation and worries about whether the business can adapt to the new environment in tech.Indeed, recent trading suggests the key question I asked about ORCL stock last year remains unanswered: Is Oracle the next Microsoft (NASDAQ:MSFT) or the next IBM (NYSE:IBM)? Fiscal second quarter earnings on Thursday afternoon won't definitely answer that question, but a solid report could convince investors that the company is at least on the right track.And that would be enough, with ORCL stock still trading at less than 13x earnings. With Broadcom (NASDAQ:AVGO) also reporting on Thursday afternoon, investor appetite for value plays in tech will be tested. That has, of course, been a sector where investors have strongly favored growth. Strong earnings from Oracle and Broadcom might be a modest step toward the long-awaited shift back to value.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities * 7 High-Yield ETFs to Buy Now * 4 Dow Jones Industrial Average Stocks to Sell The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
Creative software leader Adobe (NASDAQ:ADBE) announced on Wednesday that it will be reporting Q4 and fiscal year 2019 earnings on Thursday, Dec. 12. Adobe stock has performed well this year, and at $303.03 it is up 34% so far in 2019. Will that growth continue? Here's what to expect from Adobe next week.Source: r.classen / Shutterstock.com Adobe will be reporting both its fourth-quarter and fiscal year 2019 earnings after the bell next Thursday. The first hint of what to expect came when the company updated investors on its third-quarter performance. Q3 Reaction to Q4 ADBE Earnings GuidanceThe company's Q3 earnings report on Sept. 17 resulted in ADBE stock dropping as much as 4% in after hours trading, before closing down 1.7% the following day. The reason for the negative market reaction? It wasn't the company's Q3 performance (it beat analyst expectations on both revenue and earning), but softer than expected guidance for Q4.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot Stocks for 2020's Big Trends Adobe told investors to expect EPS of approximately $2.25 per share on revenue for the quarter of roughly $2.97 billion. CNBC reported at the time that analysts had been expecting EPS of $2.30 per share on $4.03 in revenue. Coming in under expectations with that Q4 guidance spooked the market, resulting in a loss for ADBE stock instead of the gain one might expect for the Q3 beat.Following the negative reaction to the Q4 guidance, Adobe stock had a rocky patch for just over a month, eventually bottoming out at $261.09 on Oct. 22 before beginning a rally that extended to the end of November. Whatever trepidation the market had been feeling appears to have passed. Factors That Could Impact Adobe's Q4 EarningsIn June, ADBE unveiled its new AI-powered Adobe Experience Cloud, an update to its enterprise marketing and analytics offerings. That division saw slightly lower-than-expected earnings in Q3, but Adobe said at the time it would be boosting its investment in sales generation.It also delivered a big win with Rite Aid (NYSE:RAD), announcing in June that it would adopt Adobe Experience Cloud. If the promised marketing boost pays off, the company's enterprise revenue should get back on track for Q4. Creative Cloud business was up 22% year-over-year in Q3. In its guidance, the company says it expects to see 20% growth in Q4. That business accounted for 69% of Adobe's Q3 revenue, so if it comes out even slightly ahead of projections and closer to Q3 growth levels that will make a big difference.What about China? The trade war between the U.S. and China has impacted the performance of many tech stocks this year. However, Adobe says it has minimal exposure for either its creative or enterprise businesses.One thing thing to keep in mind -- despite the soft guidance for the quarter -- is that in three out of the last four quarters, Adobe has beaten consensus EPS estimates. Bottom Line for Adobe StockAdobe is one of those tech companies that successfully upended its business model to adapt to changing times. The company went from selling boxed software customers would buy a new version of every three to five years, to providing cloud-based monthly subscription access to its apps. After more than a decade of tepid growth, since going to a subscription-only model with its "Creative Cloud" in 2013, ADBE stock has grown in value by over 600%.Among investment analysts it's a consensus "buy" with a $323 median 12-month stock price target. Not spectacular performance expected there -- especially in comparison to the 34% growth posted in 2019 -- but there's still upside.Regardless of what happens in the short-term after the company's earnings report on Dec. 12, Adobe remains a solid long-term investment. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Hot Stocks for 2020's Big Trends * 7 Lumbering Large-Cap Stocks to Avoid * 5 ETFs for Oodles of Monthly Dividends The post What to Expect From Adobe Stock Earnings appeared first on InvestorPlace.
Adobe (Nasdaq:ADBE) today announced it will webcast its fourth quarter and fiscal year 2019 earnings conference call to be held on Thursday, Dec. 12, 2019.
Adobe (ADBE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Software and its close cousin, services, are en vogue once more.For some time, Apple (AAPL), Samsung and other tech stocks sucked up most of the air in the room with their smartphone rivalries and hardware "reveals." But over the past few years, the momentum has clearly swung back toward companies offering software and services.Software isn't new, but how it's being delivered and monetized is. Tech stocks are increasingly borrowing a concept from the services model: subscriptions. Consumers like the lower cost of entry compared to paying big upfront for a software package. Enterprise customers have bought in too. And investors love the resulting financial benefit."Manufacturers benefit from the subscription model," says John Conlon, Chief Equity Strategist, People's United Advisors. "It provides them with a very steady stream of revenue. It's a lot easier to get a handle on what a company's revenue stream will be using a subscription model. It lowers the entry point for potential customers, which encourages more customers to pay for the service offered. It's an easier business model."Here, we examine 11 tech stocks to buy that have the potential to deliver super-sized software profits. SEE ALSO: 43 Companies Amazon Could Destroy (Including One for a Second Time)
Adobe is the IBD Stock Of The Day as its shares approach a buy point ahead of the software company's recent earnings report. Adobe stock fell on Monday during a down day for the market.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains takes a look at 3 large-cap tech stocks that investors might want to buy for December...
Target Corp., Best Buy Co. Inc. and Lululemon Athletica Inc. are among the winners from the record-breaking holiday shopping weekend, analysts say. About 160 million people went to stores over Thanksgiving weekend, spending an average of $504, up 50% from last year, according to data from the International Council of Shopping Centers. Online shoppers spent $4.2 billion on Thanksgiving, the first time the final tally exceeded $4 billion.
This year's estimated Thanksgiving weekend e-commerce growth rates aren't too different from last year's estimates. But there are some notable changes beneath the surface.