Momentum Stock: Adobe Inc

Adobe has been on a good upward run over the last 9 months recovering a bit over half of its drop from previous highs. I think they are well positioned to take advantage of all the AI momentum and be able to deeply integrate it with their products. Could lead to a significant revival for the brand and its products.

With earnings only 2 days out it is looking a bit expensive on some of the technicals, but I think longer term it could be an interesting stock.

As always how you interpret and decide to act on any results is up to you. This is just data not financial or trading advice and past performance is in no way any guarantee of future performance. Think of it as a way to spot stocks you might be interested in and can add to your watch list and perform further research on and or discuss with your broker.

Again. Not trading advice. Industries and companies change. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.

Comment:

Earnings topped estimates. Will be interesting to see if this opens Adobe up to continue its run.