We are so close to Dow 20,000
The Dow is up 2,000 points since the election
Adobe (ADBE) reports earnings Thursday December 15th after the bell.
It’s beaten earnings the past 12 quarters
Its stock price is up 275% over the past 5 years.
How does that compare to the FANG stocks?
Over the past 5 years, it’s outperformed Facebook (FB) and Google (GOOGL), but not Amazon (AMZN) and Netflix (NFLX).
Over the past 5 years
Google is up 157%
Facebook is up 214%
Over the past 5 years
Amazon is up 336%
Netflix is up 1093%
Just like EA has gone from selling their games as software packages to digital.
Adobe has done the same and become a cloud company.
It has 3 cloud computing divisions:
1. Document Cloud, which includes Adobe PDF
2. Marketing Cloud, which includes Tube Mogul, which it bought last month.
3. Creative Cloud, which includes Photoshop & Illustrator.
We predict another earnings beat.
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