The Magnificent Seven stocks continue to generate a fair amount of ink in the media. And for good reason. The seven mega-cap tech stocks were responsible for nearly two-thirds of the benchmark S&P 500 index’s 24% gain in 2023. Six of the seven stocks can be found among the 10 largest companies in the world based on market capitalization. The stocks dominance and influence is unquestioned. That said, there are many smaller tech stocks that are equally appealing and have the potential to offer investors big g ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points: Total S&P 500 earnings for the first quarter of 2024 are expected to be up +2.1% from the same period last year on +3.4% higher revenues. This follows the +6.5% earnings growth on +3.8% higher revenues in 2023 Q4. Estimates for 2024 Q1 have come down since the quarte ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scor ...

Justin Sullivan/Getty Images NewsOverview Adobe’s (NASDAQ:ADBE) price dropped by 18% while the S&P 500 went up by 7.4% (Figure 1) after OpenAI released Sora, a new AI capable of producing high-quality videos directly from text descriptions, and Adobe issued revenue guidance for the second quarter of 2024 that fell short of expectations. Figure 1: Seeking Alpha Adobe reported revenue of $5.18 billion for 1Q, up 11%, beating the expected $5.14 billion. Adjusted profits were $4.48 per share, exceeding Wall ...

Adobe Systems (ADBE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this software maker have returned -6%, compared to the Zacks S&P 500 composite's +3% change. During this period, the Zacks Computer - Software industry, which Adobe falls in, has gained 3.5%. The key question now is: What could be the stock's future direction?While media releases ...

Adobe's (ADBE -0.39%) stock was crushed late last week after earnings -- and for good reason. The company isn't growing rapidly on the back of artificial intelligence, and it looks like shares have been bid up to an unsustainable level. In this video, Travis Hoium covers the multiples and what investors should watch for next.*Stock prices used were end-of-day prices of March 15, 2024. The video was published on March 19, 2024. ...

SAN FRANCISCO, CALIFORNIA - DECEMBER 13: A sign is displayed on the exterior of an Adobe office on ... [+] December 13, 2023 in San Francisco, California. Computer software company Adobe will report fourth quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)Getty ImagesAdobe’s stock (NASDAQ NDAQ : ADBE DBE ) has lost 17% in 2024 as compared to the 7% rise in the S&P500 index over the same period. Further, the stock price dropped 13.7% on Friday vs a 0.7% gain in the broader ...

A downtrend has been apparent in Adobe Systems (ADBE) lately with too much selling pressure. The stock has declined 9.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for s ...

SONY Corporation (SONY) has stopped the production of its PlayStation VR2 headset for the time being amid unsold inventory pile up, per a Bloomberg report.Citing an IDC report, Bloomberg further noted that shipments have declined every quarter for PS VR2 headset since it was unveiled.SONY introduced PS VR2 in February 2023 and has produced over 2 million units of the product. There has been no official word on the development from Sony.Citing an analyst, the report highlighted that hefty price tag ($550) an ...

Adobe's (ADBE -13.67%) stock price sank 11% during after-hours trading on March 14 in response to the cloud-based software provider's latest earnings report. For the first quarter of fiscal 2024, which ended on March 1, its revenue rose 11% year over year to $5.18 billion and exceeded analysts' expectations by $30 million. Its adjusted EPS grew 18% year over year to $4.48 and also cleared the consensus forecast by a dime.Adobe's headline numbers looked healthy, but its guidance was uninspiring. It expects i ...