|Bid||273.01 x 900|
|Ask||277.81 x 800|
|Day's Range||274.00 - 277.09|
|52 Week Range||204.95 - 291.71|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||50.89|
|Earnings Date||Jun 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||296.81|
Investors will be keeping an eye on earnings reports from Adobe and others, Slack Technologies IPO on Thursday, and the Fed interest-rate decision on Wednesday.
The most important thing to watch next week is Twitter, Jim Cramer told his Mad Money viewers Friday. -- the Twitter account of President Trump, who's likely to have something to say about China and trade that will send the markets lower. Cramer said the numbers will be all investors care about at GE, but even if Adobe reports great earnings, investors might not care as they rotate away from the cloud stocks and into other sectors.
Investing.com - The Federal Reserve policy meeting is expected to be the biggest event for markets this week. Expectations for a rate cut have increased in recent weeks as President Donald Trump's trade policies fueled fears over the prospect of a U.S. recession.
Under his leadership, the big bank has posted record profits and overcome the ugly legacy of its financial crisis-era missteps
Adobe Systems (ADBE) closed at $274.28 in the latest trading session, marking a -0.73% move from the prior day.
Adobe's prior two earning reports were highlighted by smaller beats than usual and small guidance raises, Weiss said in a Friday note. This would imply 11% year-over-year organic growth in the business — a figure which may prove to be conservative and could likely accelerate through the rest of the year, he said.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Adobe today announced it will webcast its second quarter fiscal year 2019 earnings conference call to be held on Tuesday, June 18, 2019.
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.
Google is dropping a controversial clause in its employee manual that prevents former employees from poaching their former colleagues once they land at their next job.
We're finally seeing U.S. stocks cool off a bit after a miraculous run over the past few week or so. One would think that the bears could undo some of these gains here. The fact that they can't says it's more likely buyers are taking a rest right now rather than sellers taking control. That can always change -- sometimes just from a tweet -- but for now, we have to respect that observation. Let's look at some top stock trades going forward. Top Stock Trades for Tomorrow 1: Facebook Click to EnlargeFacebook (NASDAQ:FB) shares are under pressure with worries about whether CEO Mark Zuckerberg was aware of the company's privacy issues. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock was rejected from its 50-day moving average and is failing to hold its 20-day moving average. It's no surprise that downtrend resistance (blue line) is also squeezing it lower. * 5 Tech Stocks That Are Far Too Risky Right Now Let's see where it firms up. If buyers come in to defend FB, $175 may hold. If not, a decline down to the $160-ish level may be in the cards. On the upside, bulls really need to see FB clear downtrend resistance and the 20-day moving average. That puts the 50-day and potentially higher back on the table. Top Stock Trades for Tomorrow 2: General Electric Click to EnlargeLook at General Electric (NYSE:GE) quietly trying to breakout. The stock pushed through a convergence of moving averages near $9.75 and is now well north of $10. Bulls need to see the stock hold above its three major moving averages. So long as that's the case, a breakout over $10.50 is in the cards. If it does, the February high near $11.28 is the first target. If $10.50 holds as resistance, bulls need to see its trifecta of moving averages hold as support. Otherwise, $9.50 and potentially $9 are on the table. Top Stock Trades for Tomorrow 3: The Trade Desk Click to EnlargeThe Trade Desk (NASDAQ:TTD) took a quick 6% hit on Wednesday on an analyst note, but recovered half of those losses by the close. It's left the stock bouncing off its 10-day moving average, but is otherwise just floating there. Where resistance came into play is no surprise. A close below Wednesday's low could get us a flush in TTD. Maybe only down to the 20-day moving average, but perhaps down to the 50-day moving average. I would love to see TTD back down in that $190 to $200 consolidation zone, but after a $50 rip in a week, I don't know if it will decline that far, (short of a broader market correction). If it does, I would consider it a buying opportunity. Otherwise, see how it trades through the rest of the week. If today's lows hold, a retest of its highs and channel resistance are in the cards. Top Stock Trades for Tomorrow 4: Alteryx Click to EnlargeAlteryx (NYSE:AYX) is ripping higher on Wednesday, with the stock up 10%. Along with TTD, these two stocks have been total studs and the gains shouldn't surprise InvestorPlace readers. After all, they are two of the seven mid-cap stocks to buy for big-time returns. So what now? AYX continues to bumble along against channel resistance, a mark that's been in place since the fourth quarter. Can AYX breakout over it? Of course, but I wouldn't bet on it happening. I'd rather potentially play the breakout after the fact than gamble on multi-month resistance suddenly giving way. However, I would certainly be a buyer on a pullback into the $87 to $92 area. Aggressive bulls may pull the trigger at $95 to $96. Top Stock Trades for Tomorrow 5: Adobe Systems Click to EnlargeAdobe Systems (NASDAQ:ADBE) reports earnings on June 18th. Usually we see some upside action ahead of the report as optimism grows. It's no secret this name has been a huge winner over the years, so optimism ahead of the print is not surprising. Above, you can see that the 50-day moving average is holding up, as is the backside of short-term downtrend resistance. That said, $285 has been a ceiling to ADBE while it has made three straight lower highs. * 7 Stocks to Buy for the Coming Recession I don't know how the stock will trade post-earnings, but as long as it holds today's lows, it could be good for a bounce in the coming days. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ADBE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post 5 Top Stock Trades for Thursday: FB, GE, TTD appeared first on InvestorPlace.
Simplify, simplify, simplify. It's the mantra of some business gurus. So, how can you do the same in the stock market and still profit big in the best growth stocks?
Logitech (LOGI) unveils its Sync platform to automatically signal real-time hazards, lend sharp insights and survey numerous video conferencing devices via cloud.
Large Bay Area tech employers that pay a typical employee more than $200,000 per year include the typical suspects like Google parent Alphabet Inc., Facebook and Netflix. But several companies that are lesser-known outside Silicon Valley also pay top dollar for talent.
Companies like Salesforce (CRM) can see the burgeoning demand for big data and the analytics involved. They are planting their stake deep in the foundation of the industry no matter the cost.
Adobe Inc NASDAQ/NGS:ADBEView full report here! Summary * 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 | NeutralETF activity is neutral. ETFs that hold ADBE had net inflows of $1.29 billion over the last one-month. 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.
The Zacks Analyst Blog Highlights: Johnson & Johnson, Chevron, Adobe, Las Vegas Sands and Southern Copper
SAN FRANCISCO/WASHINGTON, June 7 (Reuters) - Fourteen Russia-backed YouTube channels spreading disinformation have been generating billions of views and millions of dollars in advertising revenue, according to researchers, and had not been labeled as state-sponsored, contrary to the world's most popular streaming service's policy. The previously unpublished research by Omelas, a Washington-based firm that tracks online extremism for defense contractors, provides the most comprehensive view yet of the Russian government’s success in attracting viewers and generating revenue from propaganda on YouTube, which has 2 billion monthly viewers worldwide. YouTube, owned by Alphabet Inc's Google, introduced a policy in February of 2018 to identify channels predominantly carrying news items and are wholly or partly funded by national governments, in order to help users make informed viewing decisions.
"Overall, we see the competitive narrative as over-hyped and see ample market opportunities for both Magento and Shopify," analyst Josh Beck wrote after attending the Magento Imagine conference last month in Las Vegas. Beck said more than 3,500 attendees took part in the conference and he spoke with developers, payments and shipping providers. The bank sees a path where Magento can gain about 9% market share, while Shopify gains about 2%, with limited overlap.
Adobe (ADBE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In a contrarian view, Goldman Sachs says 12 ‘crowded’ stocks held heavily by both mutual funds and hedge funds are likely to dramatically outperform the rest of the market amid two escalating U.S. trade wars. "The underperformance of popular positions today following President Trump’s announcement of tariffs on imports from Mexico underscores investor concern about crowded positions," said Goldman in its latest US Weekly Kickstart report.
was favored by Jim Cramer during the Lightning Round of his Mad Money program Tuesday night. The broad market turned weak in April and accelerated on the downside in May so let's double check the charts and indicators of ADBE before jumping in. In this daily bar chart of ADBE, below, we can see a small double bottom pattern in November/December followed by a rally to a new high at the end of April/beginning of May. Prices weakened during May as the broad market suffered.