ORCL, ADBE: Have Tech Stocks Gone Too Far Too Fast?

Some of these tech stocks have gone too far too fast, notes Adam Coons. He discusses Oracle (ORCL) after its recent earnings. ORCL’s 2Q adjusted EPS came in at $1.34 versus an estimated $1.32 and its revenue came in at $12.94B versus an estimated $13.05B. He also talks about Adobe (ADBE) and previews its upcoming earnings. ADBE’s 4Q adjusted EPS is estimated at $4.13 and revenue is estimated at $5.01B. Tom White then joins to demonstrate example trades using ORCL and ADBE. He is bullish on ORCL and neutral on ADBE. Tune in to find out more about the stock market today.