Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Tech stocks rose Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%.
The Philadelphia Semiconductor index advanced 1.7%.
In corporate news, Adobe shares slumped nearly 9% after the company's Q4 revenue outlook missed market expectations. After the results late Thursday, Fubon downgraded Adobe to neutral with a price target of $610, and Citigroup, Bernstein, Melius and UBS cut their prices targets on the stock.
Upwork investor Engine Capital on Friday urged the company to refresh its board and proposed other measures to boost shareholder value. Upwork shares jumped 8.5%.
IBEX shares surged 17%, a day after the company reported its fiscal Q4 results.
US equity indexes rose while most government bond yields declined in midday trading Friday after bets in favor of a 50 basis-point cut in interest rates next week surged.
The S&P 500 index rose 0.6% to 5,631.3, with the Nasdaq Composite up 0.7% to 17,701.1 and the Dow Jones Industrial Average 0.8% higher at 41,436.5. All sectors rose intraday, with materials and utilities leading the top gainers.
The Federal Reserve's monetary policy announcement is due Sept. 18. The probability of a 50 basis point cut in rates surged to 43% after midday Friday from 13% on Thursday afternoon, according to the CME Group's FedWatch Tool. The remaining 57% likelihood was for a 25 basis point cut, down from 87% over the same comparable period.
Speaking at a forum in Singapore, former New York Fed President Bill Dudley said that "there's a strong case for 50," Reuters reported. Analysts from Deutsche Bank noted news reports in publications such as The Wall Street Journal and the Financial Times highlighted the possibility of a 50 basis point cut, prompting traders to adjust expectations, a note from FXEmpire said.
Most Treasury yields fell intraday, with the 10-year yield down 3.2 basis points to 3.65%, and the two-year rate was 6.8 basis points lower at 3.58%.
Gold jumped 1.2% to $2,612.40 an ounce, and silver surged 3.5% to $31.16.
Meanwhile, in economic news Friday, the University of Michigan's preliminary consumer sentiment index rose to 69 in September from 67.9 in August, above the expectations for an increase to 68.5 in a survey compiled by Bloomberg.
While the September consumer sentiment print is the strongest since May, the index peaked in March at 79.4. "The steep decline since then is concerning," according to a note from Jefferies.
Respondents in the Michigan survey saw one-year inflation expectations at 2.7%, the lowest since December 2020, and down from 2.8% in August. The five-year inflation expectations rose to 3.1% after holding at 3% in the previous five months.
Separately, US import prices fell 0.3% in August, below the 0.2% slide anticipated in a survey compiled by Bloomberg, and a 0.1% increase in July. Export prices fell 0.7% in August, below expectations for a 0.2% drop and a 0.5% increase in July.
In company news, Adobe shares sank 9% intraday, the worst performer on the S&P 500 and the Nasdaq, after the firm's Q4 revenue outlook missed market expectations. After the results late Thursday, Fubon downgraded Adobe to neutral with a price target of $610. Citigroup lowered its price target to $616 from $621 and Bernstein to $644 from $660.
West Texas Intermediate crude oil futures traded little-changed at $68.96 a barrel.
Adobe Inc. ADBE released third-quarter fiscal 2024 non-GAAP earnings of $4.65 per share, beating the Zacks Consensus Estimate by 2.65%. The figure improved 13.7% on a year-over-year basis.
Total revenues were $5.41 billion, which beat the Zacks Consensus Estimate of $5.37 billion. The figure rose 11% both on a reported and a constant-currency basis from the year-ago quarter.
Top-line growth was driven by the strong performances of Adobe Creative Cloud, Document Cloud and Experience Cloud. Accelerating subscription revenues also contributed well.
Growing generative artificial intelligence (GenAI) capabilities contributed well.
Adobe’s strong efforts to bolster its GenAI-powered offerings are expected to boost its prospects. The company’s substantial investments in AI image and video generation to boost its presence in the design software industry are positives.
However, ADBE faces stiff competition in the AI software space from other tech giants and well-funded startups like Stability AI and Midjourney.
The ADBE stock has lost 1.7% year to date against the industry’s rally of 13.6%.
Intensifying competition might cause the returns from its AI push to take longer to materialize due to which its fiscal fourth quarter revenue outlook looks weaker. This led to a slump of more than 8% in the ADBE stock in the pre-market trading session.
Adobe Inc. Price, Consensus and EPS Surprise
Adobe Inc. price-consensus-eps-surprise-chart | Adobe Inc. Quote
ADBE’s Top Line in Detail
Adobe reports revenues under three categories — subscription, product, and services & other.
Subscription revenues were $5.18 billion (accounting for 95.8% of the total revenues), up 11.6% on a year-over-year basis.
Product revenues totaled $82 million (1.5% of the total revenues), down 14.6% year over year.
Services & other revenues were $146 million (2.7% of the total revenues), decreasing 10.4% from the prior-year quarter.
ADBE’s Segmental Details
Digital Media: The segment generated revenues of $4 billion, which improved 11% on a year-over-year basis. The figure surpassed the Zacks Consensus Estimate of $3.97 billion. The segment comprises Creative Cloud and Document Cloud. Digital Media’s annualized recurring revenues (“ARR”) increased to $16.76 billion, of which the net new ARR was $504 million.
Creative Cloud generated $3.19 billion in revenues, up 10% year over year. The figure beat the Zacks Consensus Estimate of $3.18 billion. Creative ARR was $13.45 billion. The company witnessed the solid adoption of Creative Cloud All Apps across various geographies and customer categories, which contributed well to subscription growth. Solid adoptions of Acrobat Pro, Illustrator, Lightroom and Photoshop single apps were positives. The growing traction across Express mobile offerings was a plus. Also, early monetization of the new Firefly Service solution in the enterprise segment and strength in higher-value Creative plans contributed well.
Document Cloud’s revenues were $807 million, up 18% from the prior-year quarter. The figure surpassed the consensus mark of $791 million. Document cloud ARR was $3.31 billion. Solid momentum across the Acrobat ecosystem was a positive. Rising Acrobat desktop demand and mobile subscriptions across various customer segments and geographies contributed well. Strong monetization of AI Assistant with new Acrobat subscriptions was a positive. Growing enterprise and public sector sales, and solid momentum among SMBs drove top-line growth. Also, Google Chrome and Microsoft Edge extensions contributed well to growth in the monthly active user base.
Digital Experience: The segment generated revenues of $1.35 billion, up 10% on a year-over-year basis and beating the consensus mark of $1.33 billion. Experience Cloud subscription revenues were $1.23 billion, rising 12% from the year-ago quarter. Strength across transformational accounts, and Data Insights & Audiences, and Customer Journey categories drove subscription revenue growth. Strong demand for AEP and native apps contributed well. The solid adoption of AEM and Workfront solutions was another positive.
Operating Details of ADBE
The gross margin was 89.8%, which expanded 170 basis points (bps) on a year-over-year basis.
Adobe incurred operating expenses of $2.86 billion, reflecting a 9.5% year-over-year increase. As a percentage of total revenues, the figure contracted 50 bps to 52.9% from the year-ago quarter.
The adjusted operating margin was 46.5%, expanding 30 bps year over year.
ADBE’s Balance Sheet & Cash Flow
As of Aug 30, 2024, the cash and short-term investment balance was $7.5 billion, down from $8.1 billion as of May 31, 2024. Trade receivables were $1.8 billion, up from $1.6 billion in second-quarter fiscal 2024.
The long-term debt was $4.128 billion at the end of third-quarter fiscal 2024 compared with $4.127 billion at the end of second-quarter fiscal 2024.
Cash generated from operations was $2.02 billion in the reported quarter versus $1.94 billion in the previous quarter.
The company repurchased 5.2 million shares in the fiscal second quarter.
Q4 Guidance of ADBE
For fourth-quarter fiscal 2024, Adobe projects total revenues between $5.50 billion and $5.55 billion. The Zacks Consensus Estimate for the same is pegged at $5.60 billion.
Adobe expects Digital Media revenues between $4.09 billion and $4.12 billion. The Digital Experience segment’s revenues are expected between $1.36 billion and $1.38 billion.
Net new ARR in the Digital Media segment is projected to be $550 million. Subscription revenues of Digital Experience are anticipated to be $1.23-$1.25 billion.
Management expects non-GAAP earnings per share between $4.63 and $4.68. The consensus mark for the same is pinned at $4.65.
Zacks Rank & Other Stocks to Consider
Currently, Adobe carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader technology sector are Arista Networks ANET, Badger Meter BMI and Fortive FTV, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Arista Networks’ shares have gained 53.4% in the year-to-date period. The long-term earnings growth rate for ANET is anticipated to be 17.2%.
Badger Meter’s shares have gained 34% in the year-to-date period. The long-term earnings growth rate for BMI is projected at 17.91%.
Shares of Fortive have returned 0.6% in the year-to-date period. The long-term earnings growth rate for DBX is expected to be 8.98%.
Zacks Investment Research
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.