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Review & Preview: AI Is At It Again
Barrons.com11d agoneutral
Review & Preview: AI Is At It Again

Time Is a Flat Circle. Many stocks outside of tech actually gained ground, but given the sector’s outsized position in major indexes, its selloff carried the day. The Dow Jones Industrial Average lost 0.3% while the S&P 500 fell 0.5% and the Nasdaq Composite ended 0.6% lower.

Should You Buy UNH Stock Because Its Cash Runs Ahead Of Its Profit?
Trefis11d agobullish
Should You Buy UNH Stock Because Its Cash Runs Ahead Of Its Profit?

UnitedHealth (UNH) has spent the past year repairing margins rather than chasing growth. The shares rebounded well ahead of any actual margin recovery: up about 38% over the past six months, though down about 6% over the past three, and still behind the S&P 500 over the past twelve months, 12.2% for the stock against 18.6% for the index. What argues for owning them now shows up in cash running ahead of reported profit.

How Far Can Adobe Stock Fall While It Waits On Freemium?
Trefis11d agobearish
How Far Can Adobe Stock Fall While It Waits On Freemium?

Adobe (ADBE) trades near $252, about 31% below its 52-week high, and the past week alone took 11.7% off it. Over the trailing twelve months the stock has lost 28% while the S&P 500 gained about 19%. That underperformance wasn't driven by broad market weakness. Adobe decided to stop putting an immediate paywall in front of its newest users, and that is what makes this fall hard to size.

Caterpillar Stock Looks Expensive Until You Price The Backlog, And Then The Margins
Trefis11d agoneutral
Caterpillar Stock Looks Expensive Until You Price The Backlog, And Then The Margins

Caterpillar (CAT) has nearly doubled over the past year, and it trades near $820 a share, about 36 times its last twelve months of adjusted earnings. That is normalized net income with stock-based compensation added back, meant to sit closer to the basis analysts use than a GAAP figure would, though the two are not defined identically. The multiple is steep for a maker of construction equipment and engines. It reads differently against the earnings analysts expect.