Adobe(ADBE)
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Adobe Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-06-21 11:15
Artificial intelligence is both an opportunity and a potential risk for this digital media giant.Shares of Adobe (ADBE 0.13%) rallied sharply following a better-than-expected second-quarter earnings report, sending shares to a three-month high.The update helped brush aside some market fears that the digital media software giant may be losing its step amid the emergence of competing artificial intelligence (AI) applications representing a threat to its core business. The stock is still down about 13% in 2024 ...
Here's Why Adobe Systems (ADBE) is a Strong Momentum Stock
ZACKS· 2024-06-20 14:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring 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, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
Here's the Artificial Intelligence (AI) Growth Stock Down 24% I Just Added to My Portfolio
The Motley Fool· 2024-06-19 22:00
Short-term challenges pushed this stock price down, but the long-term outlook remains strong.Every so often, the market will put a great stock on sale, and it's important to recognize whether that sale is a buying opportunity or a warning to investors.The market may put a stock on sale because operations are deteriorating, competition is eating into its market share, or for several other legitimate reasons. Sometimes, though, the market ends up weighing near-term challenges much more heavily than a positive ...
Adobe (ADBE) Boosts Acrobat Offerings With Generative AI
ZACKS· 2024-06-19 14:45
Adobe (ADBE) is riding on the solid momentum of its family of creative, generative AI models, Firefly, which has been bolstering its generative AI strength for some time now. The company is continuously making efforts to expand its Firefly-powered solution offerings to deliver enhanced customer experience.ADBE recently integrated Firefly-powered Generative Fill, Remove Background, Erase and Crop features into Acrobat, which are designed to allow customers to edit images directly in PDFs. The company also in ...
Adobe and Broadcom's Results Look Like Great News for the Rest of the Tech Sector
The Motley Fool· 2024-06-19 12:00
Sustained gains in the tech sector will depend on artificial intelligence investments paying off.The current technology sector rally has been largely driven by Apple, Microsoft, and the semiconductor industry. Broadly speaking, the software industry has been lagging behind. However, Adobe's (ADBE 0.68%) latest quarterly results show that its artificial intelligence (AI) investments are paying off. Meanwhile, Broadcom (AVGO -1.44%) is on track to generate over $50 billion in revenue this fiscal year -- a mil ...
US Government Sues Adobe Over 'Convoluted' Cancellation Process
CNET· 2024-06-19 01:04
The US government, acting on a referral from the Federal Trade Commission, filed suit against Adobe on Monday for reportedly making its subscriptions confusing and costly to cancel. The suit alleges that Adobe, among other things, hides the existence of an early termination fee when users sign up for the annual subscription plan, revealing the fee only when a subscriber tries to cancel. Adobe's products include Photoshop, Illustrator, Acrobat Reader and others."During enrollment, Adobe hides material terms ...
3 Reasons Growth Investors Will Love Adobe (ADBE)
ZACKS· 2024-06-18 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...
Adobe's Artificial Intelligence (AI) Investments Are Paying Off, but Is the Growth Stock a Buy Now?
The Motley Fool· 2024-06-18 12:00
Adobe is well-positioned to be a market leader in the new age of AI-infused creativity.Adobe (ADBE -1.25%) shares shot up 14.5% last Friday after the company reported strong second-quarter results and boosted its full-year 2024 guidance. Adobe had been one of the poorer-performing stocks in the S&P 500 index. And even after Friday's gain, it is still down 12% in 2024.Here's why Adobe could be turning the corner and why the growth stock is worth buying now. A new narrativeAdobe stock sold off heavily in Marc ...
3 ESG Stocks Crushing the ‘Sustainability Kills Profit' Myth
Investor Place· 2024-06-18 10:00
It’s easy to fall under the notion that ESG stocks – that is, enterprises that prioritize environmental, social and governance-related directives – will somehow generate less stakeholder profits than enterprises that aren’t so generous. After all, why would a company investing in doing the right thing be better off than those cutting corners?It’s simple, straightforward logic – and it could also be dead wrong. For example, thought leaders like McKinsey laid out several reasons why ESG stocks could profit fr ...
3 Cloud Computing Stocks to Buy Now: June 2024
Investor Place· 2024-06-18 10:00
Since OpenAI launched ChatGPT in November 2022, the AI thesis has lifted many technology stocks. However, software stocks have recently faced the perfect storm as investors price in the risk of AI disruption. Due to uncertainty, investors are throwing out the baby with the bathwater, presenting some cloud computing stocks to buy now.Over the past three months, the iShares Expanded Tech-Software Sector ETF (BATS:IGV) is down 3%, while the S&P 500 is up over 5%. The underperformance is due to the risks AI cou ...