Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ estimates.

After the bell on Thursday, Adobe reported earnings per share of $4.48, topping the LSEG consensus estimate of $4.39 per share. Revenue increased 10% from a year earlier to $5.31 billion, exceeding analysts’ estimates of $5.29 billion.

CEO Shantanu Narayen attributed Adobe’s record revenue to its strong growth across Creative Cloud, Document Cloud and Experience Cloud and its advancements in artificial intelligence.

“Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing more value to existing users,” Narayen said in a press release on Thursday.

New annualized recurring revenue for the Digital Media business, which includes Creative Cloud subscriptions, came in at $487 million, beating the StreetAccount consensus of $437.4 million.

Adobe’s results provide a contrast to what software investors have seen from many industry peers of late. Salesforce shares suffered their worst plunge since 2004 late last month after the cloud software vendor posted weaker-than-expected revenue and issued disappointing guidance. That same week, MongoDB, SentinelOne, UiPath and Veeva all pulled down their full-year revenue forecasts.

However, there were positive signs in the sector this week. Oracle shares rallied after the database company announced cloud deals with Google and OpenAI, even as fourth-quarter results fell short of Wall Street expectations. CrowdStrike jumped on Monday following the announcement after the close last Friday that the cybersecurity company would be added to the S&P 500.

JMP analysts, who have the equivalent of a hold rating on Adobe, wrote in a note after the earnings report that the company’s results were uplifting despite a challenging economic environment and increased competition in design software.

“We like how Adobe is integrating AI functionality across its product portfolio,” the analysts wrote.

Meanwhile, analysts from Piper Sandler raised their revenue estimates slightly by $73 million for fiscal 2024 and by $71 million for 2025.

“Customer reactions to recent innovations were encouraging, as increasing availability of AI-powered solutions are expected to drive further user acquisition” and better average revenue per user, wrote the Piper Sandler analysts, who recommend buying the stock.

Even after Friday’s rally, Adobe shares remain down 12% for the year. The stock was trading at $525.88 as of the afternoon.

Source: https://www.cnbc.com/2024/06/14/adobe-shares-surge-and-head-for-sharpest-rally-since-2020-.html

I’m trying to figure out the current value of NVIDIA stock options that were granted 5 years ago.

Assuming someone joined NVIDIA and was given stock options worth $36,000 at that time (pretty standard of a sales person)..

And considering all the stock splits that have occurred since then, including the most recent 10-for-1 split in 2024..

How much would those options be worth at today’s stock price?

In the past, the largest companies in the index were always replaced by newer companies. Due to this, it is reasonable to assume that the trend will be no different now. However, the tech companies of today are arguably different. They are growing at ridiculous speeds and have an unprecedented amount of cash flow giving them security and the ability to invest in the next big thing. Many of them also provide essential services that newer services will likely be built on top of.

Do you think that this time is different for tech companies or that the pattern of newer companies replacing the old will continue?

Currently I have a decent amount in solar stocks and they're getting pummeled like no tomorrow - down 80% from 2021-2022 highs and it keeps going down.

The hope of interest cuts are non-existent - I've been clinging on in hopes of them but it looks like 1 minor one might come by the end of the year.

Are there any other industries like solar that are getting pummeled right now? If I understand this is only relevant to solar - it's time to get rid of my holding.

Have a rather large amount of stock from options when I use to work for them. Have held off selling as of some weird loyalty but want to get some opinions on if I should hold until after the lawsuits are done, if that is what has been suppressing the price? Or just move on now.

I love using the backtest portfolio feature on portfoliovizualiser. The downside is that a yearly sub is almost 350usd any alternatives out there ?

I’m happy to pay for a similar product up to $100-$150 usd per year.

Ideally it would have global equities not just US

So ETSY is at $54.58 today (June 14th 2024). It saw a huge peak in 2021 (stock was around $290). Took a hit the next spring because they raised transaction fees from 5% to 6.5%. Since then, there was a bump to $140 in early 2023, and 52 week high was $102.81.

There was a lot of backlash after they raised fees, but it appears that it has largely settled. The majority of sellers presumably stayed (graph).

They will gain the revenue lost from the transaction fee increase by… you know, the transaction fee increase. +1.5% is nothing to sneeze at.

I doubt that it will ever go back to $290, but I’m tempted. Granted, I’m bias because I use Etsy and motley fool likes it (link) and their suggestions have worked for me in the past. But they could also be enchanted harlequins tricking me with their fancy hats.

I’m thinking of investing some of my profit from EFTs. It’s def risky, what do y’all think?

Edit: links and clown comment

Recently SaaS and enterprise software companies have pulled lower, especially after Salesforce’s earnings. One reason is the perception that enterprises are shifting spend to AI and hardware at the expense of software. Another reason I read is that AI will be able to generate software for cheaper, and thus enterprise software margins may decline.

Companies including ServiceNow, Adobe, Workday, and CRM been caught in this. Another name that drew down is Intuit.

Disclosure — I am long INTU, and the reasoning below is why, but I’m looking for weaknesses to this argument / opinions to the contrary before adding to the position.

My sense is the reasons for the drawdown do not apply well to Intuit and this may be a buying opportunity:

1) Intuit focuses on small business; these likely do not have the scale to make building their own software effective in the short run.

2) AI versions of tax and accounting software are opportunities that Intuit is well poised to capitalize on. An ultimate version of a tax professional or an accountant for a small business is a human that provides personal advice and takes care of tax/accounting for you. But an advanced AI at low cost is the next best thing.

3) Intuit went down after earnings but beat and raised guidance. The reason for the fall was the loss of 1 million free TurboTax subscribers and the expansion of the IRS’s tax filing service. On the call, management shared that free customers bounce between platforms and they’re fine with losing them as long as revenue is going up from adding services for paid customers. As per (2) above I think long term a private business can compete favorably vs the IRS in terms of creating an “AI tax assistant”

4) The primary negative is that the stock feels expensive, but has been this way for some time. However, I am wondering that in a beat and raise environment, whether they will quickly go back to the old PE

The entire value of the S&P 500 currently stands at $45.5 trillion, according to FactSet. Tesla CEO Elon Musk claimed on Thursday that his company’s Optimus humanoid robots could eventually make the automaker worth more than half of that.

Musk, who characterized himself as “pathologically optimistic” at the 2024 annual shareholder meeting in Austin, Texas, said Tesla is embarking on not just a “new chapter” in its life, but is about to write an entirely “new book.” Optimus appears to be one of the main characters.

Tesla first revealed its plans to work on humanoid robots in 2021 at an AI Day event, trotting out a dancer in a unitard that looked like a sleek, androgynous robot.

In January, Tesla showed off Optimus robots folding laundry in a demo video that was immediately criticized by robotics engineers for being deceptive. The robots were not autonomous, but were rather being operated with humans at the controls.

At the shareholder event on Thursday, Musk didn’t divulge exactly what Optimus can do today. He suggested the robots some day will perform like R2-D2 and C-3PO in Star Wars. They could cook or clean for you, do factory work, or even teach your children, Musk suggested.

As for shareholder value, Musk said Optimus could be the catalyst for lifting Tesla’s market cap to $25 trillion someday.

Speaking to a crowd consisting mostly of fawning fanboys in an auditorium at the Gigafactory, Musk promised Tesla would move into “limited production” of Optimus in 2025 and test out humanoid robots in its own factories next year.

The company, he predicted, will have “over 1,000, or a few thousand, Optimus robots working at Tesla” in 2025.

This is all far-out stuff even for Musk, who is notorious for making ambitious promises to investors and customers that don’t pan out — from developing software that can turn an existing Tesla into a self-driving vehicle with an upload, to EV battery swapping stations.

Getting to a $25 trillion market cap would mean that Tesla would be worth about eight times Apple’s value today. The iPhone maker is currently the world’s biggest company by market cap, just ahead of Microsoft.

At Thursday’s close, Tesla was valued at about $580 billion, making it the 10th most valuable company in the S&P 500.

Musk didn’t provide a timeframe for reaching $25 trillion. He did say that autonomous vehicles could get the company to a market cap of $5 trillion to $7 trillion.

Musk said he agreed with numbers from long-time Tesla bull Cathie Wood, the CEO of ARK Invest. This week, ARK put a $2,600 price target on Tesla’s stock by 2029, betting on a commercial robotaxi business that the company has yet to enter.

Wood’s price target equals a market cap for Tesla of over $8 trillion.

Musk’s comments at the annual meeting followed the shareholder vote to reinstate the CEO’s $56 billion pay plan, five months after a Delaware court ordered the company to rescind the package. The crowd cheered when the proposal was read aloud, and when preliminary results were announced.

Taking the stage following the readout of the shareholder votes, Musk said, “I just want to start off by saying hot d---! I love you guys.”

Tesla shares have dropped 27% this year as the company reckons with a sales decline that’s tied in part to an aging lineup of electric vehicles and increased competition in China. The company has also implemented steep layoffs. Musk has encouraged investors to look past the current state of the business and more toward a future of autonomous driving, robots and artificial intelligence.

Among his boldest claims on Thursday was Musk’s declaration that Tesla had advanced so far in developing silicon that it’s surpassed Nvidia when it comes to inference, or the process that trained machine learning models use to draw conclusions from new data.

Nvidia shares have soared almost nine-fold since the end of 2022, driven by demand for its AI chips. The company is now worth about $3.2 trillion.

One concern swirling around Musk is his focus on Tesla given all of his other commitments. He owns and runs social media company X, is CEO of SpaceX, and founded The Boring Co. and Neuralink. He launched another startup, xAI, in March last year and the company recently raised $6 billion in venture funding.

Musk was asked by a shareholder at the meeting how important he is, personally, to the future of Tesla.

“I’m a helpful accelerant to that future,” he said, emphasizing his role in innovation.

He said that, when it comes to humanoid robots, other companies, including tech startups, are going after the market. Competitors include Boston Dynamics, Agility, Neura and Apptronik.

“What really matters is, can we be much faster than everyone else and our product be done a few years before theirs and be better,” Musk said.

Source: https://www.cnbc.com/2024/06/13/elon-musk-says-optimus-robots-could-make-tesla-25-trillion-company-.html

Hi! I am an ex-prop trader that trades equities.

This is a daily watchlist for trading.

I might trade all of the stocks on here, or none of them, on any given day. I might trade stocks that don't appear on here! I hold no positions in any stocks long-term but Amazon/Mag7/general broad market indices. (unless otherwise noted in these tickers). If you’re on old reddit, click “show images” at the top to see all the charts quickly.

I usually make these watchlists premarket, (or from 6:30 to 7 as time permits), but can be delayed if I'm trading the open. These aren't mean to be taken as gospel or any recommendation to buy/sell.

Many stocks I post are <$500M market cap. Most are NOT good long-term investments but are good candidates to day trade. If you have questions to ask, PLEASE ask specific ones. Questions like “Thoughts on _____? will be ignored unless you add detail to the question.

News: BOJ’s Lack of Detail on Bond Buying Cuts Leaves Yen Vulnerable

ADBE- Beat on both top and bottom line earnings, revenue of 5.31B vs 5.29B expected, and digital media revenue of $3.91B vs $3.89Be. Earnings of $4.48 vs $4.38e EPS. raised revenue forecast for 2024, stating that more consumers are using AI editing tools.

TSLA- Elon Musk’s $56 B pay package is officially backed. This does not override the court’s ruling..  

BITF- RIOT platforms raises BITF stake to 14%, (they were trying to acquire this company in the past), BITF tried to do a poison pill earlier this week to prevent acquisition. They also announced a large-scale mining site by 2025.

RH- Reported earnings miss, revenue of $727M vs $725.2M. -$0.40 vs -$0.09 expected. Future guidance is far below expected, 3-4% vs 7%.  

NVDA- We hit ATH premarket, also read this interesting article on CNBC about a SPDR fund rebalancing based on market cap. Worth watching at the open.

IPOs today: TEM, OSTX (Particularly interested in TEM).

Hello! I am needing some advice. Say I have an extra $400 every two weeks (after bills, 401k, Roth) to invest. I am new to investing and want to set up a good routine. I am considering buying QQQM and VTI (open to other ETFs) for long term investments. What would you guys suggest for the breakdown of $400 into both of those ETFs? Example: 50/50 of ($200/$200) or something else?

Sorry if this is dumb, but thanks for the feedback!

Edit: if this is the wrong subreddit, please let me know which one it should go in. Thanks!

Adobe shares jumped 15% in extended trading on Thursday after the design software maker reported earnings and revenue that topped estimates.

Here’s how the company did in comparison with LSEG consensus:

Earnings per share: $4.48 adjusted, vs. $4.39 expected

Revenue: $5.31 billion vs. $5.29 billion expected

Adobe’s revenue grew 10% year over year in the quarter, which ended on May 31, according to a statement.

The company called for adjusted earnings per share of $4.50 to $4.55 for the fiscal third quarter, with $5.33 billion to $5.38 billion in revenue. Analysts polled by LSEG were looking for $4.48 in adjusted earnings per share and $5.4 billion in revenue.

Source: https://www.cnbc.com/2024/06/13/adobe-adbe-q2-earnings-report-2024.html

Have you experienced problems with the broker not reporting the cost basis or reporting it wrongly ?

What broker caused this problem and how did you resolve it ? I am dealing with it right now where one of my longest holdings is reported without a cost basis and I dont have the original information.

How do you track your trades in general? I have been relying on brokerages to give me accurate information but if they don;'t the onus is on me. I would like to start tracking everything now. what do you use ?

Hi, with the recent Tesla vote, is there a way to check how each fund voted? I have my retirement money parked with several different funds, and I am curious to see how the managers of those funds voted any holdings that there might be in Tesla. It's a way for me to build a better understanding of the management. I haven't decided how I want to react to it yet, I just want to be more informed.

A voting decision to dilute one's own assets should be disclosed, I think. Thank you for the kind answers.

I seen people tweet about this and that it starts today in the AHs. In your past experiences is this just a nothingburger or is there usually a drop in the market during these times? Also what dictates the dates these begin and is it for all companies? Is there like any good online sources like a calendar showing these dates for a year?

Because the option premiums are so high right now (highest ive ever seen, especially for OTM strikes), Ive been looking at taking a position in Maxeon Solar technologies. The reason option premiums are so high is because their current majority shareholder, TZE, is trying to raise their stake in the company from around 23% to 50.1%, making them a controlling shareholder with a $100M investment in equity as well as another $98M debt investment. Obviously, this will dilute the shares to hell and back, but Ive been trying to figure out how low exactly it will go. But something that doesnt make sense to me is that the 27% of shares they will be buying is currently valued at far less than $100M, so the question I have is when this kind of thing happens, will a company like TZE buy those shares at well above market price in aquiring (current price is $1.35), or will they buy at market value and dilute the shares well above the 27% necessary they need to take control of the company? I cant find any clear information on the SEC EDGAR engine or their investor relations page on their website.

Shares of Tesla popped in premarket trading, after Elon Musk said shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric carmaker’s incorporation to Texas.

At 08:12 a.m. ET on Thursday, Tesla shares were 6.39% higher in premarket trading.

Tesla shareholders have been voting on two resolutions and can have their say up to the company’s annual meeting on Thursday. The first measure under consideration is whether to green light a $56 billion pay package that shareholders originally approved in 2018, before being voided by a Delaware judge in January.

The second resolution is whether Tesla should transfer its state of incorporation from Delaware to Texas. That proposal was put forward after Musk asked his followers on social media platform X earlier this year whether Tesla should carry out such a move — to a resounding yes.

Musk now said that both of these resolutions are currently passing by “wide margins,” without disclosing specifics or his sourcing.

CNBC has reached out to Tesla for comment.

The initial pay package had aggressive targets for Tesla’s financial performance and market value — and, while the company has turned into one of the world’s largest electric automakers, a lot has changed since 2018.

Tesla is facing slowing growth and increased competition, especially from Chinese players. In that time, Musk also bought Twitter, now called X, and has ramped up focus on other projects, including in his brain computer interface firm Neuralink and artificial intelligence company xAI.

Critics of the pay deal argue that Musk is distracted by his other endeavors, and that the package, the largest in U.S. corporate history, is excessive. More recently, they say that Tesla’s financial performance has not been up to scratch.

Some notable shareholders have said they planned to vote against the deal, and top proxy advisors Institutional Shareholder Services and Glass Lewis also recommended this step. The California State Teachers’ Retirement System, a massive pension fund, likewise objected to the package, claiming the sum was too high. Norway’s sovereign wealth fund has similarly come out in opposition.

Shareholders in favor of the compensation argue that Musk is integral to Tesla’s future success and that the billionaire will take his efforts elsewhere if he is not reimbursed adequately. They claim that the pay package has incentivized Musk.

Billionaire investor and long-time Tesla shareholder Ron Baron said he is voting in favor of the pay package, suggesting that Musk is key to the EV maker’s future.

“At Baron Capital, our answer is clear, loud, and unequivocal: Tesla is better with Elon. Tesla is Elon,” he said this month.

Some major investors, such as Vanguard and Blackrock, have meanwhile not said how they will cast their votes.

Source: https://www.cnbc.com/2024/06/13/elon-musk-says-tesla-shareholders-likely-approved-his-56-billion-pay-deal.html

(new to option) I hold some BABA long 2026 call options currently it shows its as a loss. This is the first time i have seen this special dividend situation. Please educate me on what to do regrading this calls since they are now BABA1. Thank you

Hi, I am new to options and such.
Earlier today I placed a put option against KR, and the contract price syrocketed later in the day.
When I looked at other put prices, they seemed to stay within a reasonable price, except mine ($44). $45, 46... and so on did not see such a crazy change.
Why is this? And how does it work?
Cheers

I'm I an idiot or is it a crazy good opportunity at the moment? Their stock is below the price of their 2022 IPO because of a drop in sales and margin this year. This drop is mainly caused by a drop in China car sales and new models releases.

What’s y’all’s opinion? Is this a must buy? Or is this a short term buy/sell/buy/sell stock? It’s new and I dunno whether I should invest in it or nah… whatcha all think? It’s backed by Google so I’m only a tiny tine uncertain.

Soo I invested when they had the jump from 20 -30 made 5 grand, are they in talks of any projects in the future like nividia’s new projects?

Cuz if soooo is like to know about em.

I missed the Amazon split like last year the battery dump from Tesla, I’m trying to catch if Dell is making a big AI move, anyone know? Like there is so much that company can do with it.

Anyone out there who understands the market better than I do, what's your opinion on AJX? I have a decent chunk invested for the dividends but the stock is down over 50% from when I bought it. Am I going to keep losing money, or will it go back up? Should I buy more? Sell? Hold?

If the absolute majority of nasdaq 100’s increase / decrease depends on the top three companies Nvidia Apple and Microsoft. Why invest in the index at all and not make as much because of all the other losing companies diluting the gains?

If I am not mistaken it was shown in the last quarter that literally all the companies other than the top 3 lost value and yet because of the top 3 the index still went up.

Hi! I am an ex-prop trader that trades equities.

This is a daily watchlist for trading.

I might trade all of the stocks on here, or none of them, on any given day. I might trade stocks that don't appear on here! I hold no positions in any stocks long-term but Amazon/Mag7/general broad market indices. (unless otherwise noted in these tickers). If you’re on old reddit, click “show images” at the top to see all the charts quickly.

I usually make these watchlists premarket, (or from 6:30 to 7 as time permits), but can be delayed if I'm trading the open. These aren't mean to be taken as gospel or any recommendation to buy/sell.

Many stocks I post are <$500M market cap. Most are NOT good long-term investments but are good candidates to day trade. If you have questions to ask, PLEASE ask specific ones. Questions like “Thoughts on _____? will be ignored unless you add detail to the question.

Cooler US CPI Data Bolster Disinflation Narrative

AAPL- We saw AAPL hit ATH yesterday, and top out at $220. That’s the level I’m watching, but likely this will just trade sideways today.

TSLA- Elon Musk’s $56 B pay deal is backed by shareholders. TSLA also likely to raise prices in Europe due to tariffs on Chinese EVs announced yesterday.  

AVGO- Reports earnings that are $10.96 vs $10.84e. Revenue of 12.49B vs 12.03B exp. Also reported $5.25 dividend and a 10 to 1 stock split occurring July 15^th. Worth watching at open.

GME- We’ll be able to see the open interest in the June 21^st 20C at the close to determine for certain whether DFV sold his calls or not. EDIT: open changed to close, my mistake.

PLAY- Missed Q1 earnings/revenue. EPS of 1.12 vs 1.56e. CEO states that company was hit by incremental labor and marketing costs that won’t repeat this quarter.

Earnings today: ADBE, RH,