Stocks Narrowly Avoid Bearish Conditions – The Market Breadth

Stocks Narrowly Avoid Bearish Conditions - The Market Breadth

Stock Market Commentary Last month, the stock market seemed to conclude that the threat of inflation had all but disappeared. Given the resulting celebration is one of the key drivers of the current extended overbought rally, today’s report on December’s CPI (Consumer Price Index) took on some significance. So when CPI missed “expectations” on the … Read more

ADBE’s Surge Validates Post-Earnings Call-Buying

Adobe Systems, Inc. (ADBE) surged as high as 17% today after news leaked about a private meeting between ADBE and Microsoft (MSFT) company executives. The most salient rumor surrounding this meeting is that MSFT is considering acquiring ADBE in addition to other strategic options for going after Apple’s (AAPL) dominance in the mobile device market. … Read more

Adobe’s Crash: Wash-out or Tradebots Gone Wild?

Adobe Systems, Inc. (ADBE) was punished on Wednesday for an earnings report that produced guidance slightly below analyst expectations. The stock dropped as much as 26% after ADBE guided Q4 earnings to $0.48-0.54 EPS vs. $0.53 analyst consensus and Q4 revenues $950M to $1.0B vs. $1.03B analyst consensus (from briefing.com). The severity of the sell-off … Read more