|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||274.38 - 279.52|
|52 Week Range||204.95 - 280.17|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||51.51|
|Earnings Date||Jun 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||292.67|
Adobe today used the OFFF festival in Barcelona to show off an experimentalfeature for its Illustrator vector drawing application
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Cloud stocks are back. During the late 2018 market selloff, cloud stocks were thrown out, along with every other growth stock in the market. But as financial markets have improved in early 2019 due to stabilizing economic fundamentals, cloud stocks have come roaring back.The big rebound in cloud stocks can be chalked up to improving fundamentals and sentiment. As it turns out, the global economy isn't spiraling downward at a rapid rate. Instead, it is simply slowing at a reasonable rate to a more steady 2-3% growth rate. Amid this slowdown, cloud services demand has remained robust, since cloud services are seen both as the future and a way to cut costs amid slowing growth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsConsequently, the fundamentals and sentiment underlying cloud stocks have dramatically improved over the past month. As they have, cloud stocks have soared higher. * 7 Dividend Stocks That Could Double Over the Next Five Years This rally is far from over. Considering only 20% of enterprise workloads have shifted to the cloud, it's fair to say that the rally in cloud stocks is still in its early stages. With that in mind, let's take a look a seven cloud stocks to buy now. Adobe (ADBE)Perhaps the best-in-class cloud stock to buy now for healthy upside and limited risk is Adobe (NASDAQ:ADBE).The core growth narrative here is quite promising. Adobe is one part stable-growth business with a huge moat, and one part hyper-growth business with a rapidly expanding addressable market. Those two parts put together are worth far more than what the market is saying today.On the stable growth side, Adobe is a one-stop shop digital solution for creative professionals with relatively muted competition. This has always been the case. If you can't think of any true competitors to Adobe in the creative solutions space, you aren't alone. Just check out this list or this list of Adobe Photoshop alternatives. None of them are household names. Nor do any of them offer products even close in quality to Adobe's offerings. As such, this creative solutions business is a stable growth business with a huge moat and no competition, implying healthy revenue and profit growth for the foreseeable future.On the hyper growth side, Adobe is morphing into a cloud business with a unique value prop. Other cloud solutions focus on various factors. Adobe's cloud solutions focuses on experiences and visuals, and the company is leveraging its experience in visual-oriented solutions to create cloud solutions for companies looking to enhance their consumer's experience. As it does, Adobe's revenue and profits will move considerably higher.Overall, there's a lot to like about ADBE stock. This is a big growth company that will keep growing at a big rate for a lot longer. That level of robust growth will power ADBE stock significantly higher in a long term window. Twilio (TWLO)Another best-in-class cloud stock is cloud communications app maker Twilio (NYSE:TWLO)Over the past several quarters, Twilio has emerged as the unchallenged leader in the rapidly growing Communication Platforms-as-a-Service (CPaaS) market. The CPaaS market essentially consists of companies integrating real-time communication into their services. Think of Uber or Lyft using messages to communicate with riders when their rides are approaching.This market will be huge due to continuous shifts towards cloud-based communication, personalized customer experience and digital engagement. Quite simply, as consumers, we enjoy digital, real-time, and personalized communication about the services and products we are paying for. Twilio enables this communication. That positions this company for huge growth as the CPaaS market expands over the next several years. For what it's worth, research firm IDC expects this market to grow five fold over the next five years.Thanks to its huge customer and revenue growth and 95%-plus retention rate, Twilio has emerged as the clear leader in this space. As this space matures over the next several years, companies will increasingly turn towards Twilio to enable CPaaS solutions thanks to the company's leadership position (in new industries, you always tend to trust the leader). * 7 Dividend Stocks That Could Double Over the Next Five Years As such, over the next several years, Twilio will continue to grow at a rather robust rate. This big growth will ultimately power TWLO stock higher, especially against a favorable equity backdrop. ServiceNow (NOW)In the digitization and automation fields, the cloud stock to buy is ServiceNow (NYSE:NOW).ServiceNow is currently in the business of digitizing corporate operations. This includes automating corporate workflows and IT tasks. But, this is just the tip of the iceberg for ServiceNow. Automation is a big, big market. Automating IT tasks represents just a fraction of what the automation market will look like at scale.At scale, jobs across the entire corporate ecosystem will be replaced by more efficient digitized and automated solutions. ServiceNow will provide the lion's share of these solutions. As such, as the automation revolution plays out over the next several years, ServiceNow's revenues and profits will explode higher. As they do, NOW stock will explode higher, too, considering the valuation today remains reasonable.Overall, NOW stock is a great way to play the automation revolution. This revolution is still in the first inning, and the next eight innings promise to have broad and immense financial implications. For ServiceNow, those implications are hugely positive. As such, NOW stock should trend consistently higher over the next several years. Okta (OKTA)One of the more exciting cloud stocks to consider here is Okta (NASDAQ:OKTA).Okta is pioneering what the company calls the identity cloud. Essentially, this is a cloud solution centered on individual identity that allows millions of people across a corporate ecosystem to seamlessly, securely, and uniformly connect to the technological tools that the corporation is adopting. This may sound like a complex idea. The underlying technology is complex. But, the idea isn't. The idea is that companies everywhere are rapidly adopting new technologies, and that the implementation of these technologies is often difficult, chunky, and risky to identities and data. Okta solves this problem, and allows companies to adopt new technologies seamlessly and within the same secure cloud solution.This is a big idea. Big ideas have big markets. Indeed, the addressable market for Okta's identity cloud is the whole IT space. Okta recorded revenues of $115 million last quarter from growth of nearly 60%. This is nothing new. Over the past several quarters, the average revenue growth rate has hovered around 60%. * 7 Dividend Stocks That Could Double Over the Next Five Years Thus, this is a small company that is consistently and rapidly growing in a huge market. Gross margins are high, and marching higher, leaving room for big profits at scale. Overall, this is a big growth company with a ton of potential. The valuation is big, but the amount of growth firepower underneath this business implies a tremendous opportunity to grow into the valuation, and then some, making OKTA stock an attractive long term investment here. Salesforce (CRM)The king of all cloud stocks is Salesforce (NYSE:CRM), and there's good reason for that.Salesforce is at the heart of the cloud and data revolutions. The company leverages data and analytics to deliver robust cloud solutions to enterprises that want data-driven insights. Demand for this type of service will grow by leaps and bounds over the next several years as data-driven strategies and cloud solutions become the enterprise norm. Salesforce has developed a long-standing reputation for being the best in class for delivering these services.That won't change any time soon. As such, Salesforce's revenues and profits will soar higher over the next several years as the cloud and data revolutions gain mainstream traction.This will naturally push CRM stock higher. Valuation is somewhat of a concern at nearly 60x forward earnings. But, the company has enough growth firepower through cloud and data tailwinds to grow into its valuation. Plus, valuation has been a long-running concern for this stock, and the stock has done nothing but defy those concerns and head higher over the past several years.The same will be true over the next several years, too. Cloud and data tailwinds will propel CRM stock higher, and this stock will ultimately grow into its valuation. Indeed, numbers indicate the stock could double in the long run. Amazon (AMZN)Amazon (NASDAQ:AMZN) is better known for its giant e-commerce business. But, the true profit growth driver behind Amazon is the company's cloud business -- Amazon Web Services.AWS is the world's largest cloud infrastructure services business, and it's not even close. Amazon Web Services is bigger than its four closest competitors … combined. And the company has consistently controlled more than 30% of the cloud services market.This dominance speaks volumes about just how good AWS is. Indeed, AWS is so good that even Amazon's commerce competitors are giving money to the company through AWS. Notably, Amazon's e-commerce competitor Zulily migrated its infrastructure to AWS recently. Also, AWS is so good that Amazon it is the clear front-runner to win a $10 billion Joint Enterprise Defense Infrastructure (JEDI) commercial cloud contract with the U.S. government. If Amazon were to win that contract, that would be the second huge government contract it has won this decade (AWS won a $600 million CIA contract in 2013). * 7 Dividend Stocks That Could Double Over the Next Five Years Overall, AWS is the clear leader in the cloud infrastructure services. As this market grows over the next several years, AWS will grow, too, and that will provide a big boost to Amazon's profits. A big boost to Amazon's profits will give AMZN stock firepower to head higher. Alphabet (GOOGL)Much like Amazon, Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) is better known for its non-cloud businesses.But, a significantly underappreciated and underrated aspect of Alphabet is Google Cloud. Google Cloud is a big growth, big margin business for Alphabet. To be sure, the business has lost some steam over the past several quarters as Microsoft (NASDAQ:MSFT) has gained cloud market share at a more robust pace than Alphabet recently. But, there have been some C-suite changes at Google Cloud which could give the business new direction and new firepower to regain some lost momentum.Regardless, Google Cloud will remain a 20%-plus growth business for a lot longer. Overall, Google Cloud is the key to unlocking the next leg of value in GOOGL stock. Fortunately, this business is progressing as expected, and will continue to do so over the next several years. As it does, GOOG stock will move higher.As of this writing, Luke Lango was long ADBE, TWLO, CRM, AMZN and GOOG. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 7 Cloud Stocks to Buy Now appeared first on InvestorPlace.
Seagate's (STX) third-quarter results are likely to benefit from incremental adoption of latest storage solutions. However, perpetual decline in NAND flash pricing is an overhang.
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.