US stock market outlook | The three major futures indices show slight weakness, with both PPI and initial jobless claims data exceeding expectations; poor earnings guidance leads to Adobe dropping over 10% in pre-market trading.
Central Economic Work Conference: Implement more proactive and effective macro policies to expand domestic demand; not swayed by CPI, the U.S. bond market is more concerned with employment data; The Kroger rose more than 2.4% in pre-market trading and announced it would repurchase 7.5 billion dollars in stocks after the merger deal with Albertsons Companies fell through.
The USA CPI is as expected; did the Federal Reserve's interest rate cut in December become stable?
The latest CPI report indicates that inflation is not worse than expected, and analysts believe this paves the way for the Federal Reserve to cut interest rates by 25 basis points next week.
McDonald's, Chipotle, and Starbucks Are on Wells Fargo's List of Top Restaurant Picks
Roth MKM Maintains Buy on ON Semiconductor, Maintains $100 Price Target
ON Semiconductor Analyst Ratings
Google's New Chips, AI Capabilities, Could Help Cloud, Ad Businesses: BofA
United Airlines Integrates Apple's New Share Item Location Feature For AirTag
Adobe "exploded", the monetization of AI is a long way to go.
HSBC has lowered Adobe's Target Price from $536 to $510, implying a potential downside of about 7.26% from the current price, and maintains a 'Hold' rating. HSBC believes that the company is facing difficulties in effectively monetizing its AI capabilities, and the efforts made in AI have not resulted in revenue growth, potentially weakening its competitive advantage.
Bell and Palo Alto Networks Form Strategic Partnership To Strengthen Security Of Canadian Businesses
Lucid Group Eyes Partnerships Amid the Shifting EV Landscape
Adobe Shares Are Trading Lower After the Company Reported Q4 Financial Results and Issued Q1 Revenue Guidance Below Estimates. Also, the Company Issued FY25 Guidance Below Estimates.
Apple Ticks up as Citi Sees iOS 18.2 Launch as 'in Line' With Expectations
Adobe Shares Plunges Over 11% After Disappointing Revenue Forecast
MongoDB Analyst Ratings
Market-Moving News for December 12th
Macquarie Initiates Coverage On Atlassian With Neutral Rating, Announces Price Target of $290
Atlassian Analyst Ratings
Macquarie Initiates Coverage On Datadog With Outperform Rating, Announces Price Target of $200
Datadog Analyst Ratings
Macquarie Initiates Coverage On Autodesk With Outperform Rating, Announces Price Target of $380