The tech giants frequently capture the headlines and drive the stock market to new highs. The S&P 500 has approximately 30% of its total portfolio allocated toward the Magnificent Seven growth stocks.It’s no wonder those seven stocks influence the stock market to such a high degree. However, there are many up-and-coming media mavericks that have the potential to outperform the giants. Some of these growth stocks have already outperformed the Magnificent Seven and look poised to continue the trend.Investors ...

Goldman Sachs CEO David Solomon has expressed caution about the Federal Reserve’s ability to achieve a smooth economic slowdown, citing lingering inflationary pressures and geopolitical uncertainties. While the market anticipates a gentle landing, Solomon points out higher uncertainty, emphasizing that the lower tier of the economy is experiencing a slowdown in consumer spending. Despite the strength in the upper half of the economy, Solomon’s recent remarks indicate a more bearish outlook compared to his p ...

ChatGPT was one of the big stories of 2023. As part of the generative AI’s rise to prominence, ChatGPT stock picks have become all the rage. Google “Chat GPT stock picks,” and you get 10,300 results.  InvestorPlace’s very own Luke Lango discussed investors using ChatGPT to select stocks in August 2023, pointing out that 47% of adults in the U.S. have asked the generative AI app for help. It’s not surprising that the numbers are so high, retail investors will do almost anything to feel like they’ve got an ed ...

Adobe Systems (ADBE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Adobe Systems (ADBE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Adobe currently has an average broker ...

In the latest trading session, Adobe Systems (ADBE) closed at $560.48, marking a +1.27% move from the previous day. This move outpaced the S&P 500's daily loss of 0.38%. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.13%.Shares of the software maker witnessed a loss of 9.85% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.93% and the S&P 500's gain of 4.74%.The investment community will be closely monitorin ...

Bloomberg/Bloomberg via Getty Images Introduction Adobe (NASDAQ:ADBE) stands out as an undisputed leader in the realm of digital content creation and editing software, boasting an unparalleled market dominance. This commanding position translates into exceptional profitability, which Adobe consistently channels back into fueling its growth initiatives. With a track record of historically high returns on invested capital, the chances of future investments paying off successfully are very high. The balance sh ...

In the stock market, a seismic shift is underway—a combination of three stocks may challenge the status quo of the current Magnificent 7. While tech giants have long dominated the market spotlight, the emergence of three solid contenders signals a new era of return-generating opportunity.With shaking milestones, innovative product suites, and strategic acquisitions, these underdogs are poised to disrupt the established hierarchy and capture the logical sense. From the first one’s record-breaking revenue to ...

By hitting the elusive $3 trillion mark in valuation last month, Microsoft (NASDAQ:MSFT) reignited the debate over trillion-dollar companies.This monumental achievement, fueled by the burgeoning artificial intelligence sector, marks a significant moment in the financial realm. Microsoft’s shares surged remarkably last month, propelling the tech giant beyond Apple (NASDAQ:AAPL), its long-standing rival, to fleetingly claim the title of the world’s most valuable publicly traded company.With the landscape ripe ...

David Wadhwani, senior vice president of digital media for Adobe, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco, April 23, 2012.Adobe on Tuesday launched an artificial intelligence assistant in its Reader and Acrobat applications that can produce summaries of and answer questions about PDFs and other documents.The AI assistant, currently in beta, is now available on Acrobat, "with features coming to Reader over the coming days and weeks," according to a news release. Adobe plans ...