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Adobe's rating cut to underweight as CEO search drags on
TheStreet65d agoneutral
Adobe's rating cut to underweight as CEO search drags on

Morgan Stanley downgraded Adobe to underweight from equal weight on Tuesday, July 21, slashing its price target to $240 from $365, according to Seeking Alpha. The move landed one day after CLSA initiated coverage of Adobe with an outperform rating and a $300 target, according to Investing.com. Two ...

Stocks Rally on Fed-Friendly CPI Report
Barchart72d agobullish
Stocks Rally on Fed-Friendly CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.28%, and September E-mini Nasdaq futures...

Bloomberg77d agobearish
Winning Trade of Buying Chips, Selling Software Is Falling Apart

(Bloomberg) -- The dominant tech trade of 2026 — buy chip stocks and sell software — is showing signs of falling apart.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Second Straight DayGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaSoftware stocks are coming to life afte

Here Are Thursday’s Best Wall Street Analyst Research Calls: Adobe, Chevron, Dana, Honeywell Aerospace, Mobility Global, Ni Source, Palantir, SpaceX, and More
24/7 Wall St.84d agoneutral
Here Are Thursday’s Best Wall Street Analyst Research Calls: Adobe, Chevron, Dana, Honeywell Aerospace, Mobility Global, Ni Source, Palantir, SpaceX, and More

Pre-Market Stock Futures: Futures are trading mixed as we get ready to end the holiday-shortened trading week, with the country preparing to celebrate the 250th birthday of our democratic republic. The stock market will be closed on Friday for the federal holiday, kicking off a long weekend to jump-start the holiday fun. All of the ... Here Are Thursday’s Best Wall Street Analyst Research Calls: Adobe, Chevron, Dana, Honeywell Aerospace, Mobility Global, Ni Source, Palantir, SpaceX, and More

Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics, Terawulf, and More
24/7 Wall St.87d agoneutral
Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics, Terawulf, and More

Pre-Market Stock Futures: Futures are trading higher as we get ready to start a holiday-shortened trading week, with the Federal 4th of July holiday scheduled for Friday, before we celebrate the 250th anniversary of the country on Saturday. Futures are higher after reports that the U.S. and Iran have agreed to halt hostilities, which we ... Here Are Monday’s Best Wall Street Analyst Research Calls: Adobe, Applovin, Casey’s General Stores, CrowdStrike, Honeywell Aerospace, Salesforce, Synaptics,

Michael Burry pulls back on massive Palantir short bet
TheStreet89d agoneutral
Michael Burry pulls back on massive Palantir short bet

Michael Burry is not a name the market ignores. The investor behind the "Big Short" trade that predicted the 2008 financial crisis has made his bearish stance on Palantir Technologies one of the more talked-about positions on Wall Street. Now, something has shifted. According to GuruFocus: Burry's ...

Michael Burry doubles down on beaten-down China tech
TheStreet89d agobullish
Michael Burry doubles down on beaten-down China tech

The man who predicted the 2008 housing crash is making another contrarian call, and this time his sights are set on China. Hedge fund manager Michael Burry, who became famous after the film "The Big Short" chronicled his bet against subprime mortgages, revealed on Thursday, June 25, that he added ...

US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
Reuters92d agoneutral
US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says

Online spending among shoppers on the first day of Amazon's Prime ‌Day rose 5.3% from a year earlier ‌to $8.3 billion across U.S. retailers, Adobe Analytics said on ​Wednesday. The four-day shopping event, which started on Tuesday and is being held earlier than usual this year, will be a litmus test of U.S. ‌shoppers' spending power ⁠as the focus shifts to essential goods. • Online ⁠spending on Tuesday is tracking ahead of its projections and marks the biggest e-commerce day so ​far in ​2026, Adobe said.

Bloomberg93d agoneutral
Amazon Prime Day Shoppers Plan to Hold Out for Steep Discounts

(Bloomberg) -- Patrice Kihlken used to get excited about Amazon.com Inc.’s annual Prime Day sale because she found the deals to be “really good.” This year she’ll browse the site for dresses and art supplies, but she’ll only buy them if the price is right. She’s been tracking prices and taking screenshots just to make sure.Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10%

Citi resets Adobe stock price target
TheStreet97d agoneutral
Citi resets Adobe stock price target

Wall Street is adjusting its expectations for Adobe after the software giant delivered a mixed earnings report that raised more questions than it answered about the company's near-term growth trajectory. Citi analyst Tyler Radke lowered his price target on Adobe (ADBE) to $228 from $264, while ...

Bloomberg99d agoneutral
Snubbing Nvidia for Adobe Costs Florida Stock-Picker $50 Billion

(Bloomberg) -- It was 180 degrees off the hot trade on Wall Street. Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace DealSnub Nvidia Corp., the soaring king of artificial intelligence chips. Embrace Adobe Inc., a sinking casualty of AI disruptio

A new technology is learning how to move money
TheStreet100d agoneutral
A new technology is learning how to move money

For the past two years, the story of AI on Wall Street has mostly been about speed. Faster research, faster summaries, faster answers to questions an analyst would otherwise spend an afternoon on. That story is now changing shape. The systems now being built are not just answering questions about ...

Adobe's outgoing CEO makes CEO big bet on the future
TheStreet101d agoneutral
Adobe's outgoing CEO makes CEO big bet on the future

Wall Street routinely punishes companies for doing exactly what they are supposed to do: build for the long term. Adobe just learned that lesson the hard way, watching its shares slide even as it broke financial records. Adobe (ADBE) posted record revenue of $6.62 billion in its second fiscal ...

Adobe Stock Set for 46% Gain After Earnings Beat
24/7 Wall St.101d agobullish
Adobe Stock Set for 46% Gain After Earnings Beat

Adobe (NASDAQ:ADBE) just delivered a record quarter, raised its full-year outlook, and watched its stock fall anyway. That gap between fundamentals and price action frames our thesis. The stock trades at $218.80 after a 15.33% one-week drop and a 37.48% year-to-date decline. Our 24/7 Wall St. price target for Adobe is $320.46, implying 46.46% upside ... Adobe Stock Set for 46% Gain After Earnings Beat

Cyber leaders urge US to lift curbs on Anthropic's security models
Reuters101d agoneutral
Cyber leaders urge US to lift curbs on Anthropic's security models

Cybersecurity leaders at major U.S. firms including Nvidia and Adobe have asked the Trump administration to lift restrictions on Anthropic's most powerful AI ‌models, arguing that the bans hamper efforts to prevent the spread of digital ‌attacks. The letter follows Washington's decision on Friday ordering Anthropic to suspend access to its Fable 5 and Mythos 5 ​models for any foreign nationals over national security concerns. The curbs that Washington has now placed on ‌the technology will limit the cybersecurity ⁠industry's ability to find and fix software flaws at a time when other AI tools are making it easier for hackers to exploit vulnerabilities, ⁠according to a letter on Sunday signed by more than 50 security leaders.