The bear market selloff in Adobe Systems (ADBE) appears to be over. Last week, ADBE stock gained 8.16%, breaking above both its 20-day and 50-day simple moving averages.
Investors believe that the creative image and video creative suite supplier will achieve at least 10% in total annual recurring revenue growth.
Adobe reports its quarterly results on December 10.
Salesforce (CRM) is setting up the $250 level as the rally price. The company posted quarterly revenue of $10.26 billion (+8.7% Y/Y). Non-GAAP EPS was $3.25 a share. The firm is using AI to enhance its products to achieve double-digit percentage growth.
For the full year, EPS is $11.75. Investors may apply a 28 times price-to-earnings ratio that matches that of the S&P 500 (SPY). That implies a price target of $330 at a minimum.
CRM stock looks attractive at these levels.
Strategy (MSTR) is the stock to exercise caution on. The stock risks finding new 52-week lows from here. The firm’s book value is mostly Bitcoin (BTC-USD). When BTC falls, MSTR stock falls by more, since it holds debt to finance its holdings.
On December 3, CEO Michael Saylor told Reuters that the company might seek a possible exclusion from the MSCI index. The rumor does not mean much: MSCI has many speculative companies based in China.
MSTR stock is on the Nasdaq 100 (QQQ) index.
