TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

‘buy Adobe into this week, just not today’

by souhaib
September 22, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Adobe Inc (NASDAQ: ADBE) shares are down about 4.0% on Wednesday after it reported a blowout quarter, but CEO Shantanu Narayen warned that supply chain issues and a tighter labour market could weigh on performance in the upcoming months.

Cramer’s remarks on CNBC’s “Squawk on the Street”

Despite the sell-off that had the stock hit a new six-week low, Jim Cramer is convinced that it is an opportunity to buy the dip. He, however, recommends investors wait for a day (until Thursday) to start buying. On CNBC’s “Squawk on the Street”, he said:


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

You have to buy the stock between now and their MAX event, which is October 26th to 28th. But buy Adobe into this week, just not today because these sellers will try and make themselves look good today. So, buy it tomorrow morning.

Other reasons why Cramer likes Adobe include margins that continue to grow strong. Only one analyst is currently negative on the stock, while all others have raised their price targets.

CEO Narayen feels great about the future

Cramer acknowledged that it wasn’t a “typical Adobe blowout” but expects the stock to recover on a strong clientele that includes giants like Walmart and Facebook.

I like Shopify, they’re really good with the backend fulfilment for the smaller clients, but Adobe does it for the bigger.

The sell-off in Adobe was also attributed to recurring revenue from digital media, creative segment, and cloud business that barely topped expectations. CEO Narayen, however, told Cramer on Mad Money last night:

We feel really good about the quarter, we feel really good about the year, but more importantly, we feel even better about the future. People appreciate that we’re helping them not just with technology but also with processes. So, we’ll continue to do that in terms of innovation.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

eToro






10/10

67% of retail CFD accounts lose money



Source link

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Qatar’s Al Rayyan announces the signing of Everton star James Rodriguez

Next Post

LeBron James organizes a ‘pre-training camp’ with the Lakers squad

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

LeBron James organizes a 'pre-training camp' with the Lakers squad

No Result
View All Result

Recent Posts

  • NBA superstar Giannis Antetokounmpo fires up George Kambosos as Devin Haney lands Down Under
  • Marilyn’s dress designer says it was ‘a mistake’ for Kim to wear it
  • #AMLOTrackingPoll Approval of AMLO, May 19
  • Experts warn: heat waves will intensify in the coming years | Sciences
  • USAID Analyzes Efforts to Counter Russian Actions in Ukraine

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.