ADBE

Adobe reported revenue growth of 13% in its most recently completed quarter and raised expectations for the full year on the top and bottom line. This is exactly what investors want to see from Adobe, just continued performance and disruption avoidance and avoiding the disaster that could be created by the rising effectiveness of artificial intelligence.

Um, can we review Adobe? Uh, what's Adobe doing here? We did have some of those software names were end up doing pretty well. Adobe up 4% here. So, this bucking some of the trend there.

I think we talked about now and some of the cyber security names being up too. Adobe, same deal. Looks like 264 was your resistance here.

He's also been quietly buying Adobe.

He's buying Adobe where the narrative is AI will destroy it

Next company, Adobe. The company that I own that I remind you, we're never here to give a stock tip. So, don't buy a company because I own it. But it is the company behind Photoshop.

Bur started buying it early this year and then it fell 28% and he did a signature move. He bought even more near the lows around $200 a share and his reasoning is fantastic.

So, let me show you one, because I told you at the start of the video that I'd bring you to it. Guys, Adobe is a company that I've seen fall from a high of 700 down to 200. It got interesting to me under 450. I started buying some shares.

As time went on, people were saying, "You don't get it. AI is going to destroy this company." Meanwhile, Chat GPT and Claude were both partnering with Adobe to use their AI into their systems.

Now, the next one I want to talk about is Adobe. Very interesting chart, right? Taking a look purely at the chart, you could say, well, Lton, this definitely favored a move lower on Adobe Brook.

This beautiful ups sloping trend line continued to fall.

Where would support be? Well, the stock initially opened down off of earnings, right? We can see that what happened. Well, they double beat they beat earnings and beat revenue expectations.

But one thing that they unfortunately didn't do was raise guidance and and as a result of uh poor guidance or lowered guidance rather the stock kind of fell into the open right but you can see that investors weren't as worried and the stock has fully recovered.