Here is a summary of interesting events I will be watching in the markets in the coming week!
💻Monday : Nvidia $NVDA:10:1 stock split - This move may increase the availability of Nvidia shares to retail investors and potentially increase their attractiveness . Apple$AAPLThis entry was posted in WWDC Conference. - Apple will unveil its latest... Read more
Here I've selected the highlights that await us in the week ahead.
🔍 Monday:Oracle 's results kick off the week $ORCL We'll find out how the tech giant fared.
📈 Tuesday:US inflation for February - Expected to rise by 0,4 % 4.4 percent growth 0,3 % in January. The year-on-year pace is expected to remain at 3,1 %. What changes might occur in the... Read more
US software firm Adobe $ADBE reports 3Q results, outlook is within analysts' expectations. However, investors were expecting a revenue increase in AI products.
Results
Subscription revenue increased 12% y-o-y to USD 4.63bn, against analyst estimates of USD 4.57bn.
Product revenue decreased 24% year-over-year to $96 million. Product sales were down USD 96 million, compared to the... Read more
$ADBE Adobe released results for the third quarter of fiscal year 2023. The company achieved record quarterly net recurring digital media revenue growth of $464 million. Total revenue was $4.89 billion, up 10% year-over-year, or 13% in constant currencies. Net earnings per share even increased more than 20% year-over-year. Now they're also starting to dabble in AI.
I see the next week as more of an observation week. Thursday's results are due for $ADBE and I'm also curious to see what the upcoming holiday time will do to stocks like $ABNB
Great, thanks for the review. I'll definitely be interested in the Apple one, Musk and maybe check out the $AVGO results.