Why I Sold These 3 Tech Stocks in 2024 [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
They can also stubbornly stick with their losers because they aren't able to admit they made a mistake. So today, I'll share with you three stocks I recently sold: Adobe (NASDAQ: ADBE) Qualcomm (NASDAQ: QCOM) , and Unity (NYSE: U) . All three initially seemed like good investments, but some significant challenges forced me to reconsider their growth prospects and ultimately cut them from my portfolio. 1. Adobe I bought most of my shares in Adobe in early 2022. At the time, I admired its robust revenue growth, pricing power, and the stickiness of its cloud-based subscriptions. However, I sold all of my remaining shares in March for three reasons: Its growth was cooling off, the company is facing existential challenges, and management didn't seem to have a clear plan for the future. Adobe's revenue only rose 10% in its fiscal 2023 (which ended Dec. 1, 2023), compared to its 12% growth in its fiscal 2022 and 23% growth in fiscal 2021. On average, analysts expect its revenue will
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