Adobe Gears Up For Thursday Earnings As Options Traders Go Bullish
Adobe Inc. (ADBE) is all set to report its quarterly earnings on Sept. 14, 2023.
Analysts expect the company to report quarterly earnings at $3.98 per share on revenue of $4.87 billion. Meanwhile, Adobe shares gained 0.7% to close at $564.50 on Monday.
Wells Fargo and Morgan Stanley articulated that the upcoming ADBE’s Max conference in October will be even a more meaningful catalyst for the San Jose, Calif.-based company than the Q3 results.
“Heading into the MAX conference next month, we expect the company to highlight several key areas, including: 1) GenAI - building upon existing Firefly capabilities, more broadly across the CC portfolio; 2) Express updates – a key component to expanding its potential user base and defending vs. Canva, w/partners suggesting more interest recently; and 3) content supply chain – further expanding the product road map that ties together all of its offerings (DX & DM),” Wells Fargo analysts led by Michael Turrin wrote in a note.
U.S. Bond Market is Sending Recession Warning, and Friday’s Jobs Report Could Hold the Next Clue
Falling U.S. bond prices are sending a signal that a recession could finally be around the corner as they push Treasury yields to their highest levels in 16 years, said DoubleLine Capital founder Jeff Gundlach.
U.S. Government Shutdown Would Halt IPOs and Market Surveillance, SEC’s Gensler Warns
The U.S. government will shut down this weekend absent a last-minute funding deal from Congress, and that could lead to significant disruptions for stock and bond markets, according to the nation’s top securities regulator.
What a Fed Rate-Hike Pause Would Mean for Bank Accounts and Loans
The Federal Reserve decided to keep interest rates the same for just the second time since beginning its current hiking cycle aimed at curbing inflation last year
