Adobe Breaks Out to All-Time High

Adobe Inc. (ADBE) gets less attention than FAANG’s favorites, but the software giant’s returns have been highly competitive, gaining more than 1,800% in the past nine years. The tenth most capitalized component of the Nasdaq 100 joined its peers at all-time highs last week after overcoming a six-week consolidation pattern. Read more…

FedEx Falls to Support After Unexpected

FedEx Corporation (FDX) shares fell more than 4% during Wednesday’s session after weak third-quarter earnings and lower guidance. Revenue rose 3% to.17 billion, missing consensus estimates by $ 700 million, and non-GAAP earnings came to $ 3.03 per share, missing consensus estimates by seven cents per share. The company also Read more…

FedEx (FDX) Stock at Hidden Resistance

FedEx Corporation (FDX) has transformed itself from lagging transportation industry to leader in 2020, emerging from a brutal two-year bear market with a 250% more rally at its highest since December 2018. The shipping giant has Amazon.com, Inc. (AMZN) to thank the change, as the e-commerce giant postponed a broad-based Read more…

EBay Beats Quarterly Profit Estimates

EBAY from Ebay Inc.Quarterly profit beat Wall Street expectations on Wednesday and the e-commerce company forecasts fourth-quarter sales above estimates as people staying at home due to the COVID-19 pandemic led to online shopping. EBay said it expects fourth-quarter revenue in the range of $ 2.64 billion to.2.71 billion, while Read more…