Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $300.00 short put and a strike $295.00 long put offers a potential 28.21% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $300.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $295.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Adobe is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Adobe is bullish.
The RSI indicator is at 71.95 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Adobe
Facebook churns out a per-employee profit of $635K per year. How that compares with Apple, Google, Cisco, Oracle, Salesforce and others
Mon, 08 Jul 2019 11:30:00 +0000
Facebook makes more profit per employee than any other tech company on the Fortune 500: A whopping $634,694 per year. Here's how that compares with other major tech employers like Google, Apple and Cisco.
3 Surprising Stocks Hitting New Highs Last Week
Sun, 07 Jul 2019 18:00:00 +0000
Adobe, Starbucks, and Hilton hit new high-water marks despite recent challenges.
3 Tech Funds That Are Crushing Their Benchmarks
Fri, 05 Jul 2019 18:26:10 +0000
These days, passive and index investing is all the rage. And there's a good reason for that, many active managers struggle to beat their benchmarks and produce market-beating returns. So, why bother then and pay the additional costs? But the truth is, there are places that active management can pay off. One such example could be among tech stocks.The technology sector continues to be a game of guessing and selecting the next big time. That often means the leaders of tomorrow are the mid- and small-cap tech stocks of today. Popular tech stocks indexes and exchanged-traded funds like the Technology Select Sector SPDR Fund (NYSE:XLK) are often top-heavy with the largest tech stocks around. There's nothing wrong with that. However, an active manager can find the best and most promising smaller stocks outside of the benchmark. Thereby, leading to higher returns.And the proof is in the pudding when you look deeper into key tech ETFs to buy.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Should Be Every Young Investor's First Choice There are several tech ETFs and mutual funds that have managed to crush their benchmarks and the broader technology indexes for years. For investors looking for higher returns in the tech sector, the following three funds are a great bet. T.Rowe Price Science and Technology Fund (PRSCX)Earning an average of 20% per year over the last ten years sounds too good to be true. But that's exactly what the T. Rowe Price Science and Technology Fund (MUTF:PRSCX) has managed to do. PRSCX has managed to crush the S&P 500 by nearly 4% per year over that time. It has beaten the XLK as well. The secret is in the stock selection.Manager Ken Allen looks for tech stocks that have the potential for real earnings and revenue growth as well as those that are leading/growing their market share. This serves as an important hedge. Those companies, especially small tech stocks, that fall short of analyst expectations are often treated harshly by investors. But those that actually have the ability to keep churning out revenue and profit growth tend to keep on winning. As a result, PRSCX has been able to keep its returns consistent and high.As for those stocks themselves, the fund is able to not only bet here at home but overseas as well. Top holdings for the fund include U.S.-based Booking Holdings (NASDAQ:BKNG) and the Netherland's ASML Holdings (NASDAQ:ASML). The idea is not to find growth stories, but actual growth stocks. The fund is concentrated as well — with $5.5 billion in assets spread over just 43 different names. Allen is willing to trade them too. Turnover for the fund is a high 88%. So, this is not one to keep in a taxable account.Expenses for PRSCX clock in at 0.79% or $79 per $10,000 invested. That's a little high when compared to indexing. However, given the mega-sized excess returns for the fund, that expense ratio is a small price to pay. The minimum investment is $2,500. Fidelity Select Software and IT Services Portfolio (FSCSX)One of the biggest trends in all of technology happens to be cloud computing. Being able to access software and apps on any device through the internet has completely changed how both consumers and enterprise customers function. And there's plenty of growth ahead as more firms take to the cloud. Which is why the Fidelity Select Software and IT Services Portfolio (MUTF:FSCSX) could be a great active mutual fund to buy.As the name implies, FSCSX hones in on those stocks that provide software and services related to networking and data warehousing. These days, much of the fund's portfolio reads like a who's who of the top cloud computing players. Microsoft (NASDAQ:MSFT), Salesforce (NASDAQ:CRM) and Adobe (NASDAQ:ADBE) are just some examples of top holdings. And it turns out, this is a great place to be.As cloud computing has grown, so has FSCSX. Over the last ten years, the mutual fund has managed to produce a near-22% annual return. That handily beats the S&P 500 and its benchmark — the MSCI U.S. IM Software & Services 25/50 Index. That return has allowed the fund to score a coveted five-star rating from Morningstar. * 7 A-Rated Stocks to Buy for the Rest of 2019 Expenses for the fund run at 0.72%. But perhaps the best part is that thanks to recent changes at Fidelity, FSCSX's minimum has been lowered to $0, with additional investments at $0 as well. This can allow even the smallest investors to get better than benchmark returns in the tech sector. Red Oak Technology Select (ROGSX)Active management wins when it is highly selected and concentrated. That's just what the Red Oak Technology Select (MUTF:ROGSX) does. Jim Oelschlager and his team at Oak Associates first look for the most attractive sub sectors of technology. Then they look for great long-term winners among these tech sectors by placing plenty of weight on the durability of the business and the company's valuation. Individual tech stocks competitive advantages and sustainability are also key when building their portfolio. Oelschlager and his team specifically don't look for the hot stories or fads. You won't find Tesla (NASDAQ:TSLA) here.The result is very few bets that are held for a long time. Currently, ROGSX only holds just 35 different tech stocks. Turnover for the fund is just 9%. This focus on durability, moat, and holding has paid off over the long haul.In terms of returns, ROGSX has managed to outperform its benchmark by about a percentage point over the last decade. This highlights the more long-term focus of the managers. In the shorter-term, ROGSX's returns have been a bit bumpy. So, this is definitely one that you'll want to buy and forget about for a while. Expenses for the mutual fund come in at 1.01%.All in all, for those investors looking for long-term — potentially decades-long — exposure to tech stocks, ROGSX could be a great mutual fund to buy.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs — Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post 3 Tech Funds That Are Crushing Their Benchmarks appeared first on InvestorPlace.
Zacks Market Edge Highlights: Apple, Adobe, Oracle and Microsoft
Fri, 05 Jul 2019 13:36:01 +0000
Zacks Market Edge Highlights: Apple, Adobe, Oracle and Microsoft
Adobe Stock Is Teetering on Overvalued, but It Isn’t There Yet
Fri, 05 Jul 2019 13:23:16 +0000
Since Adobe (NASDAQ:ADBE) moved its applications to clouds and began selling them as a service early this decade, Adobe stock has been a rocket ship with seemingly unlimited fuel.Source: Marcin Wichary via FlickrOver the last five years alone it has risen 326%. If you bought it 10 years ago, near the bottom of the recession, your gains have been 819%. By comparison, Microsoft (NASDAQ:MSFT), whose Azure cloud hosts Adobe applications, is up "only" 480%.This is possible because of the economics of cloud, built on open source software and commodity hardware. The biggest benefits of open source go to the users, not the developers, and Adobe is a cloud user.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Should Be Every Young Investor's First Choice Adobe Stock Valuation ConcernsWith an opening July 3 price of $302, and a market cap of $146.3 billion, Adobe shares are in nosebleed territory. It's a place they've been before this decade, consolidating and then rushing higher on results.The latest results, delivered June 18, were once again above analyst expectations, with year over year growth of 25%. Adobe earned $632 million, $1.29 per share fully diluted, on revenue of $2.744 billion. Earnings beat elevated estimates by almost 3%.Shares rose 4.6% after the earnings beat and have kept rising since. Adobe now trades at a whopping 16 times last year's sales and 56 times last year's earnings.The time to be bullish, some say, is over. The marketing-based Experience Cloud carries lower margins than the Creative Cloud, which includes such products as Illustrator, Acrobat and Photoshop, the bears grumble, and it's growing fastest. Sweet Smell of SuccessMeanwhile, Adobe has broken ground on a second office tower in downtown San Jose, where it has long dominated the skyline. The new tower will serve 4,000 people, with 700,000 square feet on 18 floors. For San Jose, technically the Bay Area's largest city but long seen as a sleepy suburb until landing the new San Francisco 49'ers stadium, it's a very big deal.Adobe continues to break new ground on its software products, the latest innovation being a tool that can tell when the Face Liquify feature of its Photoshop has been used to enhance someone's face. As more-and-more fake photos and videos are released such security tools are becoming important. Spotting fakes provides a rich vein of future growth. Adobe has also released enhancements that let users erase background objects, so the definition of fake keeps shifting.For that reason, and Adobe's stellar track record this decade, there remain Adobe bulls. Adobe is a disrupter, they say, and that's where you want to be in the current market. Analysts who pounded the table for the stock before earnings looked prescient when the numbers came out. As more marketers in more places gain the scale to afford subscriptions, they see it as wise to let their bets on Adobe ride. The Bottom Line on Adobe StockThe cloud decade shows no immediate signs of ending. But it does show signs of maturing.Whether Adobe can lead in the next phase of technology, as artificial intelligence mediated by cloud gets into devices you see every day, is uncertain. But the company has the scale and the talent to keep moving forward.Until the ground truly shifts under Adobe's feet, I'd let my investment here ride. But for a young investor looking for the returns Adobe has delivered over the last 10 years, it's time to look elsewhere.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy — According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post Adobe Stock Is Teetering on Overvalued, but It Isn't There Yet appeared first on InvestorPlace.
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