Adobe (ADBE) is suffering the pains of most growth stocks, says Phil Blancato. He and Michael Robinson discuss ADBE's most recent earnings report. They talk about how Adobe is planning to close a deal to acquire Figma in 2023 for $20B. They note that this acquisition seems unpopular with the street and expensive. They also go over names they would invest in other than Adobe, including Microsoft (MSFT) and Apple (AAPL). Phil notes to not count Adobe totally out, just wait for it to come down a bit more; he also like Twilio (TWLO) and Crowdstrike (CRWD). Tune in to find out more about the stock market today.
15 Sep 2022