|Day Low/High||294.12 / 297.00|
|52 Wk Low/High||204.95 / 313.11|
Tech giant's earnings prove it's a reigning power in the cloud, but now may not be the time to chase the stock.
Thanks to strong secular growth trends and perhaps also share gains against major rivals, Adobe and Salesforce are both reporting very strong growth for their marketing software segments.
Adobe bulls may want to keep their excitement in check for the next two to three weeks, as over the past nine out of 10 reports, the stock has moved between 1% and 4% the day after reporting.
Despite some soft guidance, Adobe's earnings are strong and those who have been long on are sitting on nice profits -- here're some tips for newcomers on taking a bullish position.
What the latest charts and indicators are telling us after Wednesday night's earnings.
Adobe's leadership position in cloud is clearing the way for share growth and pushing its shares higher despite more conservative guidance from management.
Adobe and its peers are making it so even tiny retailers can offer an engaging digital experience -- and compete with the big guys.
The ECB president speaks of more stimulus, more head-butting with Iran should help defense stocks, and how to play Adobe in advance of earnings.
Bearish signals and divergences keep us sidelined from purchasing this stock now.
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
The incredible trajectory of Beyond Meat is daunting to those of us who fear a toppy market and the run in the stock is a slap in the face of those who care about too much enthusiasm.
Our brewing Cold War over regional and global spheres of influence with China, has forced some merger activity across the aerospace and defense industry.
Markets are still willing to pay top dollar for high-growth software names that meet or beat their high expectations. But they're proving remorseless to the growing list of firms to fall short.
It's important to take a step back and see what is happening across asset classes.
Anything weak is a positive to be excited about and anything strong is a nightmare because that might stiffen Powell's resolve to keep rates where they are instead of cutting them.
Let's double check the charts and indicators of ADBE before jumping in.
You know where the firm has next to no revenue exposure? China.
Simply put, traders at the larger institutions were driven either by risk managers or simple fear out of FANG and information technology, and into anything else.
You can't start a discussion about the issue, though, without going right to the most impacted stock on earth: Apple.
CRM is still suffering, but a number of other cloud stocks are still hot. Here is how to play it.
You all know that I love the software/cloud type names.
It's ironic. Had the Chinese let Facebook, Amazon, Netflix and Alphabet in, there could have been some massive retaliation for Huawei. But they never did.
We have to stipulate what makes a market really tick these days in a world where we are ruled by tariffs and trade with a Fed sideshow.
There has been some weakening of the bullish case in the past two weeks.
Given how much Trump loves this fight, and how he will not back down, the companies that move out of China will get a higher multiple than those that don't.
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
The downbeat progression of talk is at odds with the market itself.
While DBX reports earnings tonight and has plenty of cash, they aren't exactly expecting big growth in the bottom line.