Tech giants Adobe (ADBE) and Oracle (ORCL) will lead the earnings calendar this week, along with several other strong performers in the gold group and top-performing retailers. Adobe has been showing signs of improvement after years of struggling, despite maintaining a high Earnings Stability rank. The company’s stock is expected to rally as buyers take notice.
In contrast, Oracle is planning to cut thousands of jobs, which sent its stock slightly higher. Analysts also upgraded Oracle’s stock to “Buy” due to increased demand and a potential partnership with OpenAI. Other stocks in the gold group are experiencing volatility, while retailers continue to perform well.
Investors should keep an eye on these tech giants as they report their earnings this week, and consider how recent developments might impact their future performance.
Source: https://www.investors.com/research/earnings-preview/adobe-stock-jumps-software-sector-earnings-report-3-gold-stocks-to-watch