Diamonds and Dogs

6/18/21

Some tech escapes sell off. Adobe (ADBE) is up 2% to new highs following strong earnings. Adobe easily beat expectations as sales rose 22.7% to $3.84 billion. The company also raised guidance as the reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business.

A downgrade for Micron Tech (MU). Micron is down 4% on a downgrade to a Neutral at Cleveland Research. Yesterday, the stock was downgraded to a Sell at Lynx Equity. The stock is at a six-month low.

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