ADBE Aug 2024 475.000 put
- Yahoo Finance Video
Why software stocks have 'legs,' upside potential: Strategist
Software stocks are gaining attention as investors identify potential market upside. Victor Cossel, Seaport Research Partners senior macro and equity strategist, joins Market Domination to offer guidance on navigating this sector. Cossel reflects on the sector's journey, noting that software stocks faced negative sentiment early in the year. Many investors believed that "AI would disintermediate" numerous companies in this space. However, Cossel argues that this sentiment has been "overdone," pointing to the continued strong performance of industry leaders like Salesforce (CRM) and Adobe (ADBE). Turning to market dynamics, Cossel highlights emerging trends: "We're seeing a lot of familiar reversal patterns in software stocks." He adds, "It's the reversal formation that really caught our attention. The prior consolidation that... springboards to the upside." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Insider Monkey
Adobe (ADBE) Slipped in Q1 on Lowered Guidance
Fred Alger Management, an investment management company, released its “Alger Focus Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets performed strongly in Q1, with the S&P Index up 10.56%. Class A shares of the fund outperformed the Russell 1000 Growth Index in the quarter. Information […]
- Simply Wall St.
Exploring Three Undervalued US Stocks With Intrinsic Discounts Ranging From 16.3% To 41.1%
As the third quarter of 2024 begins, U.S. stocks have shown resilience with modest gains despite ongoing concerns about interest rate policies and sector imbalances. In such a market, identifying undervalued stocks can offer investors potential opportunities for growth, especially when intrinsic values suggest significant discounts.
