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0.00182795698924728 0.00412186379928328 -0.00200716845878137 -7.16845878135549E-05 -0.000286738351254423 -0.00349068100358428 0.00159498207885302 -0.0126164874551971
Stock impact report

Options Traders Pile Into Tech Hedges After Software Rout [Yahoo! Finance Canada]

Adobe Inc. (ADBE) 
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Risk-off momentum continued on Thursday, with futures on the Nasdaq 100 Index falling 0.3% at 7:23 a.m. in New York. Futures on the S&P 500 Index traded little changed. Then there's Adobe Inc., the owner of Photoshop and inventor of the .pdf file format. Some investors see its rock-bottom valuation and 20% year-to-date share-price drop as a harbinger of what awaits its peers. “Adobe, is that the canary in the coal mine?,” Bailey said. “Could the entire software sector trade down to that level? If so, watch out below. That's a pretty significant risk.” While insurance against that outcome will soften any blow, Vishal Vivek, a strategist at Citigroup Inc. says the best approach is to put in the work to suss out winners and losers. “We are past that stage where you could trade AI as a whole, and you have to start picking your spots,” he said. The old dichotomy of hardware versus software is breaking down. “It's not even hardware versus software anymore, it's within hardware memo Show less Read more
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