$Adobe(ADBE)$ has been taken to the cleaners by the market this year. Down about 31% YTD. It could be the market just can't stand a high P/E stock no matter how good they might be. Even a good financial report this week may not make much difference given how negative the market is right now. It will be interesting.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments