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Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins!
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[Winners Announcement: 12 Dec]
1.Here are the 8 Tigers whose post has the best quality & interaction yesterday:
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What causes Adobe's -22% YTD Performance?
2.Here are the stocks mentioned by the above Tigers: $Adobe(ADBE)$ $Grab Holdings(GRAB)$ $Uber(UBER)$ $Tesla Motors(TSLA)$ $Unity Software Inc.(U)$ $Microsoft(MSFT)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-40 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve's meeting next week.
A Thursday Labor Department report showed U.S. producer prices rose more than forecast in November, though a moderation in service costs pointed to a continuation of the broader disinflationary trend. Initial claims for U.S. unemployment benefits unexpectedly climbed last week, raising concerns about labor-market resilience.
Adobe tumbled 14% after the software company and creator of apps such as Photoshop and Illustrator posted fiscal fourth-quarter adjusted earnings and revenue that beat analysts' estimates but issued first-quarter and fiscal-year revenue guidance below expectations. Adobe anticipates revenue in the first quarter of between $5.63 billion to $5.68 billion, below consensus of $5.72 billion. The company expects fiscal 2025 revenue of between $23.3 billion and $23.6 billion, which is below estimates of $23.8 billion.
Uber Technologies rose 0.4% after shares of the ride-hailing company declined 5.8% on Wednesday following an announcement from General Motors that it would be scrapping its Cruise robotaxi program. Uber had announced in August that would it be partnering with GM to bring Cruise autonomous vehicles to the Uber platform. The partnership was expected to launch in 2025.
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