276.17 +0.72 (0.26%)
Pre-Market: 8:00AM EDT
|Bid||276.00 x 1000|
|Ask||277.85 x 800|
|Day's Range||275.25 - 280.17|
|52 Week Range||204.95 - 280.17|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||51.10|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In the latest trading session, Adobe Systems (ADBE) closed at $275.45, marking a -1.09% move from the previous day.
New technology means that content creators can measure and act on fan engagement more than ever, and that's changing how online shows for platforms like YouTube and Facebook are made.
Four of the Latest Takeaways from Microsoft in April(Continued from Prior Part)Strengthening marketing software businessesMicrosoft (MSFT) and Adobe (ADBE) have teamed up to strengthen their marketing software businesses. Microsoft and Adobe provide
See who joins Facebook, Alibaba, Five Below, and Autohome on this stock screen based on the investing strategy of Berkshire Hathaway CEO Warren Buffett.
ServiceNow's (NOW) first-quarter 2019 results are likely to benefit from new contract wins, robust alliances and ongoing digital transformation.
Do you want to invest like real billionaires do?Most billionaires obviously have much more money to burn than the average investor. And they also have enough cash in the bank to wait things out should their stock picks turn sour.Still, given the so-called "smart money's" resources and intimate connections with some of the companies they own, it wouldn't be a crazy idea to study the top stocks that billionaires and high-asset hedge funds are plowing their long-term capital into. Rich people often get perpetually richer for a reason.Here are 50 top stocks of the billionaire class. In all cases, these companies represent major holdings (anywhere between 5% and 100% of the portfolio) of at least one ultra-wealthy person or a large hedge fund. In many cases, these stock picks are heavily owned by multiple high-net-worth individuals and/or are high-conviction picks by several fund managers. And while several of these stocks are popular blue chips, others fall far off the radar of most investors. SEE ALSO: Millionaires in America 2019: All 50 States Ranked
As financial markets have rebounded in 2019, so have shares of now-cloud giant Microsoft (NASDAQ:MSFT). Owing to its operational stability, lack of any prominent headwinds, and robust exposure to secular growth tailwinds in the cloud market, MSFT stock was largely insulated from the late 2018 market sell-off.Until December. Then, markets fell off a cliff. So did MSFT stock. In just a few weeks, it spiraled from $112 to $94.Since then, it's been nothing but up, up and away for MSFT stock. The shares rebounded back above $100 by the end of the year. They cruised past $110 by February and by April, sailed above $120. All together, MSFT stock has rebounded 30% over the past few months to trade at fresh all-time highs today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Q3 Numbers Will Be Gut CheckThis rally is about to get a gut check. Microsoft reports third quarter numbers next week. Considering how far and how fast Microsoft stock has come over the past few months, the company needs these numbers to be good in order for the stock to hold onto its year-to-date gains.Will the numbers be good? I think so. Everything I'm looking at suggests that Microsoft's cloud business has been on fire over the past few months. Ultimately, that should lead to headline beating numbers which will keep the rally in MSFT stock alive.Bigger picture, continued cloud strength will keep MSFT stock on a longer-term winning trajectory. Until that cloud strength cools, MSFT stock will keep making new highs. Investors Brushed Off Earlier DisappointmentBroadly speaking, Microsoft's upcoming third quarter earnings report is critical because it has the power to either confirm or negate the big year-to-date rally in MSFT stock. * 10 S&P 500 Stocks to Weather the Earnings Storm To be sure, this isn't the first time we've heard numbers from Microsoft in 2019. Back in late January, the company delivered Q2 numbers that were largely underwhelming. The big negative? Slowing growth. Revenue growth slowed from 18% in Q1 to 12% in Q2, while operating profit lost its mojo, with growth sliding from 28% to 18%. The culprit behind slower top- and bottom-line growth? Slowing cloud expansion, and that wasn't a bullish sign, since the Microsoft growth narrative goes as its cloud businesses go.But, investors largely brushed off those slowing growth concerns, and MSFT stock has rallied ever since. Why? Because investors chalked-up slowing Q2 cloud growth to broadly deteriorating global economic conditions. Those global conditions have meaningfully improved since late 2018, and as such, investors are thinking that maybe the Q2 cloud slowdown at Microsoft was just a blip on the radar. They reason that Q3 numbers should be much better.From this perspective, Microsoft needs to report a solid Q3 in order to satisfy bulls and keep MSFT stock in rally mode. Earnings Will Be GoodFortunately, I think Microsoft will deliver solid third-quarter numbers.Over the past several months, Exxon (NYSE:XOM) has tapped Microsoft as its cloud service provider in what is reportedly the largest cloud computing partnership in the oil industry. Volkswagen struck a similar large cloud deal. Meanwhile, Microsoft has teamed up with Adobe (NASDAQ:ADBE), VMWare (NYSE:VMW), and Slack in separate landmark partnerships, all of which have only broadened the utility and use cases of Microsoft's enterprise cloud solutions. Microsoft has also been named as one of the finalist for the Pentagon's huge JEDI contract, with the other being Amazon (NASDAQ:AMZN).In other words, it appears that over the past several months, Microsoft's cloud businesses have re-gained momentum that was lost in late 2018. This momentum will show up through improved Q3 growth rates, which will excite bulls and keep the stock in rally mode. * 7 High-Risk Stocks With Big Potential Rewards Longer term, this trend should continue to play out in favor of MSFT stock. The global cloud growth narrative is still in its first few innings, and Microsoft has established itself as an entrenched and dominant player in that industry. Thus, as cloud becomes a bigger and bigger piece of the total Microsoft pie, overall growth rates and margins will continue to improve. That will lead to healthy profit growth, which will ultimately keep MSFT stock on a winning trajectory. Bottom Line on MSFT StockThe big picture here is very easy to digest. Cloud is a huge growth industry, and Microsoft is right at the heart of all that growth. Thanks to the company's dominant position in the secular growth cloud industry, MSFT stock has secured a bright future for itself.As of this writing, Luke Lango was long ADBE and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Cloud Strength Will Keep Microsoft Stock On A Winning Path appeared first on InvestorPlace.
I'm not yet a believer in the ability of IBM (NYSE:IBM) to make the shift to the new tech world under its current leadership. Every other mega-cap technology company has already adapted to the new ways except IBM. While IBM stock came into its earnings event up 27% year-to-date compared to the S&P 500's 16%, it still trails the index and its competitors tremendously for the long term.Source: Shutterstock IBM is down 25% in five years, while the SPY is up 56%. Microsoft (NASDAQ:MSFT) and Salesforce (NYSE:CRM) are up 200% for the same period. More to that, Cisco (NASDAQ:CSCO) and Oracle (NYSE:ORCL) are up 145% and 38% respectively. So this is proof that old dogs can learn new tricks … except for IBM.Management talks the talk, but for some reason, it's hard to see the results without a forensic technician on hand. If CEO Ginni Rometti has to point out the innovation, then it's probably not as impressive as she thinks it is.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe new formula for tech success is simple. Companies now want to use subscription services that are based in the cloud. Anything else is considered ancient and is off trend. This is likely to continue for a few years. CRM started the model and Amazon (NASDAQ:AMZN) accelerated it with the advent of its AWS.Last night, IBM management missed on sales but managed to beat their bottom line. This means IBM is managing profitability, but it still struggles to meet its revenue expectations. Also, to make things even more confusing they rearranged some of the revenue segments to muddle things. So I caution you on chasing mentions of "cloud" in their statements -- now, it's a matter of showing, not just telling. * 7 Consumer Stocks to Buy and Hold for Years While I'm not an expert on IBM's business, I do know mediocrity when I see it. This report represents its third consecutive decline in quarter sales year-over-year. Clearly IBM needs to make another shift of sorts. Whatever the company is doing now is not working, yet the CEO still gets the benefit of the doubt. At some point, IBM needs intervention so it can transform itself as MSFT did with its new CEO Satya Nadella.My criticism here is not the same as shorting the stock, but it's not a good bullish thesis either. The good news is that fundamentally, IBM stock is cheap as it sells at a price-to-earnings ratio of 12. This is even cheaper than Apple (NASDAQ:AAPL), so there is value below and it's not likely to be a major loss to hold the shares here. It's just stagnating. Bottom Line on IBM StockMaybe its acquisition of Red Hat (NYSE:RHT) is their ticket out of the stock muck in which they are stuck. If so, then a lot is riding on that and if it fails for any reason, both of those stocks are doomed.In addition to its fundamentals, IBM stock can't rally here because it's facing heavy technical resistance. Yes, IBM rallied an amazing 34% off its December lows. But up here it runs into the supply of sellers who have been stuck up since the October disaster. * 10 Best Stocks to Buy and Hold Forever Pivot zones like these are where bulls and bears agree on price so they like to fight it out hard. This creates price action congestion and when a stock is rallying this translates into resistance. All of that means it won't be as easy for IBM stock to breach the $145 zone as it was getting here. Conversely, IBM stock has support above $132 per share, so it would take a big calamity in the equity markets for it to fall below it.If I owned shares, I'd put them to work by selling covered calls against them. This is an easy way to create synthetic dividends above and beyond the company's 4% yield.Another bit of potentially good news is that most analysts have given up on the rally in IBM, so they rate the stock as a HOLD. When IBM finally delivers actual turnaround results there should be a slew of upgrades to cause a buying catalyst for the stock.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post IBM Needs to Show Us It Can Succeed Before It's a Buy Again appeared first on InvestorPlace.
Software stocks jumped in the first quarter of 2019, repeating a pattern from the prior two years. The big question is whether premium valuations can be sustained amid worries over growth.
Are These Tech Stocks Overvalued after Nearing 52-Week Highs?(Continued from Prior Part)Stock returnsThe stock of digital marketing and media solutions company Adobe (ADBE) has generated returns of 20% in the last 12 months. The stock outperformed
To receive further updates on this Adobe (NASDAQ:ADBE) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Strategic Trader today.We have reopened our exposure to Adobe (NASDAQ:ADBE) with bullish trade.We recommend selling put options on ADBE, but we want to avoid being too aggressive because the market's rally doesn't have as much momentum behind it as we'd like. The bank reports have been somewhat erratic so far, which has set some traders on edge. Selling a put builds in a small hedge in case the stock heads lower.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWe took profits on our ADBE April 18th $260 Put Write last week. ADBE had lost some momentum after its last break higher, and we were concerned the resistance level just above $275 might prevent the stock from climbing any higher in the short term. Resistance at $275 caused the stock to form a double top in September 2018, and a rejection at that level could send the stock back down.Though it hasn't broken above $275, the stock is headed higher, and we think now is a good time to sell more premium. First Quarter Earnings Were StrongWe've talked in the past about why we like ADBE, and we've successfully sold three puts on it in 2019.Though the stock lost some value after reporting earnings, the report had some positive news. The company beat earnings per share (EPS) estimates, and it increased subscription based revenue since the first quarter of 2018.One aspect of ADBE's business model we've always liked is its subscription-based services. The fact that revenue from those services is increasing only makes the stock that much more appealing. Two "Double Bottoms"From a technical perspective, ADBE broke out of a large double bottom in the $205-$260 range in late February and is just completing another smaller double bottom in the $255-$270 range. The stock retested its most recent breakout with a bounce last week, making this a good opportunity to sell puts.Daily Chart of Adobe (ADBE) -- Chart Source: TradingViewWe are optimistic in the short term that investors have set a very low bar for earnings, which will reduce the risk for disappointments, but we want to be cautious for a few more days while we gather more data.ADBE is a good bet because its earnings were generally positive, and investors are moving capital into stocks that provide income and/or solid growth. ADBE is still a great buy in that sense.To find out which puts we're selling -- and to get access to our full portfolio of income-generating trades -- consider signing up for risk-free trial subscription to Strategic Trader today. InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation.Compare Brokers The post Looking for More Income from ADBE appeared first on InvestorPlace.
Adobe, the incumbent in the space, is today launching the Adobe Creative Cloud Plugin Accelerator. Essentially, individuals and teams interested in taking some time to build out plugins for Adobe XD can get themselves three months at Adobe's HQ, access to Adobe's product, design and engineering team, as well as a $20K per person stipend to offset expenses. To be clear, Adobe is not taking equity in these projects and participants will leave Adobe HQ with 100 precent ownership over their built IP.
After Adobe Inc.'s (NASDAQ:ADBE) earnings announcement on 01 March 2019, analysts seem cautiously bearish, with earnings expected to grow by 14% in the upcoming year...
On the other hand, a smaller number of investors are convinced the market is heading to new highs and are aggressively buying technology stocks. In late 2007, we at the Arora Report said stocks were in trouble. The answer lies in Arora’s Third Law of Investing: Make investing and trading decisions based on probabilities because it’s the only realistic and profitable approach.
Software companies that help businesses sell more are likely to do well even if overall spending on technology deteriorates, according to UBS.
The S&P 500 stalled near 2019 highs ahead of earnings season as companies that buy back shares and NASDAQ tech stocks continue to soar.
ServiceNow stock is rebounding off a 10-week moving average. ServiceNow earnings are due out in late April with profit expected to fall 4%. The company's analyst day is set for May 6.
A small handful of the Bay Area's largest tech employers, including Facebook, Palo Alto Networks, Splunk and Broadcom, pay their median employee above $200,000 per year.
Adobe Inc NASDAQ/NGS:ADBEView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for ADBE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADBE. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding ADBE is favorable, with net inflows of $26.40 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.