Where traders see Adobe stocks receiving profits
Adobe (ADBE), the design software giant, is about to announce its second quarter revenues after the market closes on Thursday. Investors are bracing for what seems to be a modest response in stock movement.
Option pricing data up to Wednesday suggests traders predict Adobe’s stock could fluctuate up or down by about 6.6% after the earnings release. Interestingly, shares saw a rise of 0.7% during Thursday’s afternoon trading session.
Over the last four quarters, Adobe’s stock has typically moved up to 12.6% post-revenue, but this particular prediction indicates a smaller shift. Friday’s projected 6.6% up or down marks the lightweight response since December 2023.
In March, Adobe’s stock dropped nearly 14% despite reporting record earnings; the company, however, had given a less-than-optimistic outlook. A similar scenario occurred in December, where the actual results didn’t meet expectations, causing a decline of over 13% in stock value.
Long-term sentiments among analysts regarding Adobe appear to be positive. Out of 17 analysts tracked by Visible Alpha, 10 rated the stock as a buy, six as neutral, and just one as a sell. The average target price sits at approximately $477, indicating a 15% increase from current levels.
This week, Morgan Stanley analysts commented that concerns surrounding Adobe’s long-term competitiveness and the potential of generative AI could help the company “step beyond the Rover” when results are released on Wednesday. They have rated the stock as “overweight,” with a target above $510.
Oracle jumps to record highs with strong revenue
Oracle (ORCL) stocks soared in the Thursday morning session, following a fourth-quarter report that exceeded analyst expectations.
CEO Safra Catz remarked that 2025 is likely to be a “very good year,” but hinted that 2026 could be even better due to increased revenue growth rates.
The report released post-market hours on Wednesday indicated an average price target compiled by Visible Alpha at roughly $194, up about $20 from the morning of the revenue release, prompting several analysts to adopt a more bullish stance on Oracle.
Oracle’s stock has appreciated more than 40% over the past year—significantly outpacing the S&P 500 benchmark.
Currently, Oracle shares are trading around $201, marking record highs as one of the leading stocks within the S&P 500.
Check out these quantum computing stock price levels
Quantum Computing (QUBT) shares faced a decline early on Thursday after surging to heights not seen since December. This followed optimistic comments from Nvidia CEO Jensen Huang about the industry’s growth prospects.
Huang noted that the sector is at a pivotal moment, adding that Quantum Computing anticipates tackling intriguing challenges in the years ahead. Earlier this year, he indicated that the technology was still about 15-30 years away from mainstream application.
This stock, which traded below a dollar a year prior, rallied by 25% on Wednesday, pulling into positive territory for 2025. Last month, the firm completed its quantum photonic chip foundry in Tempe, Arizona, enhancing collaborations with both government and commercial partners.
Examining the 200-day moving average, it appears Quantum Computing shares are on an upward trajectory, forming a rectangle pattern indicative of sustained long-term growth.
This upward movement commenced earlier this week, coinciding with the highest daily trading volume seen since mid-December. The relative strength index suggests bullish momentum, though it could also indicate overextension, possibly leading to short-term pullbacks.
Looking ahead, investors should keep an eye on critical overhead price levels at $27 and $37.50, alongside important support rates of approximately $15 and $9.
In early trading on Thursday, shares dipped 1.5% to $18.50.
Boeing, GE falls after 787-8 crash in India
Boeing (BA) experienced sluggish trading in pre-market conditions following the involvement of a 787-8 aircraft in an Air India crash early Thursday.
The aircraft, carrying 242 passengers, had just taken off from Ahmedabad, India, en route to London Gatwick, when it met with trouble. According to Air India, it departed at 1:38 PM local time.
A Boeing spokesperson expressed readiness to assist Air India regarding Flight 171, conveying thoughts and support for all affected—including passengers, crew, and first responders.
Similarly, GE Aerospace, which provides engines for many Boeing aircraft like the 787, offered support for crash investigations as well. They are mobilizing their emergency response team in light of the incident.
The 787 model, known as the Dreamliner, has remarkably maintained a record free of fatal accidents over nearly 14 years of service.
However, Boeing’s reputation took a hit last year due to multiple incidents, including a detached door plug on an Alaska Airlines 737 Max 9 flight. Earlier this month, they agreed to settle a lawsuit linked to two deadly crashes involving their 737 models, which resulted in over 300 fatalities.
Boeing shares fell by 6% in the most recent pre-market trading, though they had increased by 20% until Wednesday. Other manufacturers associated with Dreamliner components saw stock declines as well, with GE Aerospace shares dropping more than 2% and similar trends for Spirit AeroSystems Holdings.
Major stock index futures will decline slightly
Futures for the Dow Jones Industrial Average dipped by 0.4%.
The S&P 500 futures fell by 0.3%.
Meanwhile, the Nasdaq 100 futures slipped by 0.2%.
