After-hours soaring by over 15%! AI boosts Adobe's Q2 performance beyond expectations, raising full-year guidance.
Adobe's quarterly revenue increased by 10% to a new high. After incorporating AI functions, its digital media business accelerated in attracting new users. Its higher-than-expected upward revision of the full-year guidance is called 'bullish' and its next quarter's revenue is expected to be in line with the forecast, with positive EPS. Some analysts believe that this guidance should alleviate investors' concerns that other generative AI tools could harm Adobe's growth.
US PPI unexpectedly dropped, S&P Nasdaq four consecutive days of new highs, Apple's market cap surpassed Microsoft, and US bond yields hit a ten-week low.
Pre-market trading in the USA announced that the May PPI data was lower than Wall Street's expectations, providing further bullish for interest rate cuts. The May PPI fell by 0.2% compared with the previous month, the largest decline in seven months, and the report also showed that the core PPI in May was below expectations with a growth of 0.3%, proving the easing of inflation pressure. In addition, the first application data released on the same day showed that the number of first-time unemployment claims rose to the highest level in nine months, indicating a further cooling of the labor market, which added to signs of slow US economic growth. Comments noted that this month's data strengthens confidence in interest rate cuts, but such cuts still need to wait for certain components with stronger stickiness to show relaxation before acting on it.
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Nasdaq 100, S&P 500 Close At Record Highs As Tech Stocks Reclaim Dominance: Thursday's Gainers & Losers
The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing up 0.6% at 19,576 points and reaching new all-time highs as tech stocks drive broader market gains.The S&P
Seraphicall : Bro, as always, you’re selling puts lols. Bullish move but this time, I think you’ve made a perfect timing.
Cow Moo-neyOP Seraphicall: Haha yes, selling puts as always and was lucky this time as I sold it at quite a high / decent premium
Seraphicall Cow Moo-neyOP: Wow… sold at peak?! Lols. Btw, are u always selling cash secured puts??
Cow Moo-neyOP Seraphicall: Not the peak / highest though. I sell covered calls too. Only those 2
Roll2me Cow Moo-neyOP: That’s very good premium!
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