Tuesday, July 02, 2019 5:56:48 PM
$ADBE It's usually a better idea to wait until after earnings.
Adobe earnings are expected to be very good tomorrow but we would not recommend buying it pre earnings , historically it has a habit of selling off regardless of the earnings results. The stock hit our previous target of $290 and we expect that the pullback has a little further to go, it must also be considered that the valuation is very high, in a market where investors are rushing for value.
Adobe earnings are expected to be very good tomorrow but we would not recommend buying it pre earnings , historically it has a habit of selling off regardless of the earnings results. The stock hit our previous target of $290 and we expect that the pullback has a little further to go, it must also be considered that the valuation is very high, in a market where investors are rushing for value.
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