When insiders buy, it is a potential buying signal. GameStop (GME) CEO Ryan Cohen bought 1 million shares of GME stock, spending $20.38 million.
Cohen owns 39.3 million GME shares. The bullish move might set a support zone at around $20.00.
Apple (AAPL) launched a tablet smartphone device for US $1,999. Enthusiasts might not look at the hefty price as a deterrent to buying it. Apple spent a decade developing the iPhone Duo. Still, Samsung (SSNLF) has a Fold whose screen size is 7.3 inches. The flip smartphone was on the market for seven years (launched in September 2019).
Investors who use the $1,999 funds to buy AAPL stock instead of the Duo might fare better, at least financially.
Unusually, Adobe Systems (ADBE) reported strong revenue and profits. However, analysts did not like the muted annual recurring revenue growth. That metric slowed sequentially. Also, the RPO/cRPO (bookings) fell sequentially.
Markets continued to price in the impact of AI that makes images and videos. It might slow Adobe’s revenue growth.
JPMorgan Chase analysts raised their price target for ADBE stock to $340, up from $315. Even though revenue growth will decelerate in FY27, shares are cheap.
Adobe’s comparable investments include Salesforce (CRM), Intuit (INTU), Microsoft (MSFT), and Oracle (ORCL).
