Despite more than a 63% rise from its March lows of this year, at the current price near $502 per share, we believe Adobe’s stock (NASDAQ: ADBE) is still undervalued. ADBE stock has increased from $307 to $502 since March 23rd compared to the S&P 500 which increased almost 55% from its recent lows. The stock has outperformed the market and was at a 52 week high in early September. The company has benefited from a subscription-based business model which helps with continuous revenue flow. In the first nine months (ended August 2020) of FY 2020 Adobe saw revenue grow to $9.4 billion, up by 15% y-o-y while earnings were recorded at $6.25 compared to $4.31 in the same
PC sales remain on the upswing thanks to purchases made to support remote workers and learners. And it looks as if there’s still a lot of pent-up demand going into the holiday season.
Research firm IDC estimates PC shipments rose 14.6% annually in Q3 to 81.3 million. That compares with 11.2% shipment growth in Q2, and just 2.7% growth in 2019.
Officially, Gartner estimates PC shipments rose just 3.6% to 71.4 million. However, when including Chromebook sales (counted in IDC’s official estimate), Gartner’s estimate for shipment growth rises to 9%.
Along with Chromebooks, Q3 was a strong quarter for gaming PCs and (in certain cases) notebooks with cellular modems, according to IDC. On the flip side, desktop demand was said to be weak in the U.S. and EMEA. Desktop PC sales depend heavily on purchases made to support corporate offices, many of which are of course empty right now.
Recommendation for Gold: Buy
Buy Stop: Above 1935
Stop Loss: Below 1845
On the daily timeframe, XAUUSD: D1 breached up the downtrend resistance line. A number of technical analysis indicators have formed signals for further growth. We do not rule out a bullish move if XAUUSD rises above its last high: 1935. This level can be used as an entry point. We can place a stop loss below the Parabolic signal and 2 last lower fractals: 1845. After opening a pending order, we move the stop loss following the Bollinger and Parabolic signals to the next fractal minimum. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction
Recommendation for EUR/CAD: Sell
Sell Stop : Below 1,55
Stop Loss : Above 1,575
On the daily timeframe, EURCAD: D1 is correcting down from the maximum since February 2013. It broke down the uptrend support line. A number of technical analysis indicators generated signals for further decline. We do not exclude a bearish movement if EURCAD falls below the lower Bollinger band: 1.55. This level can be used as an entry point. We can place a stop loss above the last 2 upper fractals, the upper Bollinger band and the Parabolic signal: 1.575. After opening a pending order, we move the stop loss to the next fractal maximum following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders
(Bloomberg) — Hong Kong’s boom in initial public offerings is set to be prolonged as companies given a boost by the pandemic outbreak follow China’s technology giants in selling shares, the bourse’s head of listings said.
Companies from the technology and biotechnology sectors could continue to fill the IPO pipeline in the near future as Covid-19 has boosted investments in research and development, Hong Kong Exchanges & Clearing Ltd.’s Head of Listing Bonnie Chan said in an interview on Friday.
“We thought 2020 would be a disappointment, but it has turned out to be a busy year,” Chan, 50, said. “I believe the IPO rush will continue.”
Hong Kong this year has seen a rush of listings from Chinese companies including JD.com Inc. and Netease Inc., which are selling shares
Over the last year, Tesla (TSLA) has been on a fast ride. Its stock has soared more than 400% in 2020, and its delivery schedule has beaten the estimates of Wall Street. But some analysts are concerned that the electric carmaker may be running out of road.
In Q3 2020, Tesla delivered 139,300 vehicles, up from analyst expectations of 136,350, CNBC reported. While Tesla is on course to hit its goal of 500,000 vehicle deliveries for the year, some are wondering if demand for the electric cars will continue.
Joseph Spak, an analyst at RBC Capital, told Market Watch, “We do believe there could be some supply constraint, but bears may also point to some potential demand concerns. Some of the early data we’ve seen in Europe suggests sales may be softer than we expected, and we continue to believe Model 3 sales in the U.S. are down y/y [but
A day after the FBI disclosed that organized armed extremists coordinated on Facebook to hatch a terrorist plot to kidnap Michigan Gov. Gretchen Whitmer, multiple pages that encourage political violence were still active on the social network.
An examination by BuzzFeed News and the Tech Transparency Project, a nonpartisan watchdog group, found at least five such pages on the platform as of Friday morning. Those pages, which in some cases appear to be simply rebranded versions of previously banned organizations, use Facebook to recruit and to promote objectives that at times call for violent uprising.
Facebook announced in August that it was banning right-wing militant, anarchist, and QAnon groups after a series of violent crimes were tied to organizations that used the platform. Since then, the company has removed thousands of groups, and this week announced it had banned all accounts, pages, and groups tied to QAnon, the collective delusion
Concurrent Technologies Corporation to Continue Supporting FEMA’s Identity, Credential, and Access Management (ICAM) through New $3.6M Contract
F/ERO ATS Tool Used in September to Support Hurricane Laura Recovery Efforts
A Disaster Medical Assistance Team sets up tents at Lake Charles Memorial Hospital to provide support in response to Hurricane Laura. Responders like these are processed using F/ERO ATS. FEMA photo
Johnstown, PA, Oct. 08, 2020 (GLOBE NEWSWIRE) — The Federal Emergency Management Agency’s (FEMA), Mission Support, Office of the Chief Information Officer, Office of the Chief Information Security Officer has awarded Concurrent Technologies Corporation (CTC) a one-year contract worth up to $3.6 million. This most recent contract covers work on the Federal Emergency Response Official (F/ERO) Accountability Tracking System (ATS), a mobile, electronic validation system used to identify and track personnel during emergency response situations.
Chinese astrology has it that 2020 is a “metal rat” year, and is associated with turbulence. Covid-19 has certainly provided a quantum of it. With a steep market dive in the first quarter, and sharp worldwide economic contraction, Asian business has had a rough ride. As star signs go, 2020 has so far lived up to its ratty astrological reputation.
The results of a survey conducted from August to September of Hong Kong-based Asia Business Council’s members, who are the chairmen and CEOs of some of Asia’s leading multi-national companies, collectively valued at nearly $3 trillion, and with some 3 million employees, offer insights against the turbulent backdrop of a year dominated by Covid-19. With a response rate of 83% (58 out of 70 members), the
Will Virginia Tech’s defensive coaching staff continue to play musical chairs against UNC? | Virginia Tech
Tech has called on various staff members to fill in for the team’s full-time defensive coaches. Multiple staff members — Tyler, Pierson Prioleau and Zach Sparber — were used as defensive assistants leading up to last year’s Belk Bowl.
Fuente likened it to a backup quarterback needing to be ready at a moment’s notice to fill in.
“I think it’s just a great example to young coaches everywhere of trying to prepare like a coordinator,” Fuente said. “Just because that may not be your title. You may be a graduate assistant or a position coach or an off the field coach, whatever your role is, you have to try to
prepare every week, which is difficult.”
As for Hamilton, he continues to be “intimately involved” in game prep throughout the week albeit from a distance. He continues to participate in all the team’s staff and player meetings virtually.