Diamonds and Dogs


 AT&T (T) finally bouncing. AT&T is up 7% as Morgan Stanley upgraded the stock with $28 price target. The analyst said the telecom and services sector as a whole has returned to attractive levels. AT&T specifically, has visibility for growth in its communications segment, which will be the main segment after the announced divestiture of WarnerMedia in mid-2022.

Adobe (ADBE) not so acrobatic today. The software maker is down 9% after lowering guidance for the quarter.  Adobe has long dominated the market in digital design software for professionals but faces greater competition as it offers tools to make it easier for everyday users to create graphics, videos and other online content.

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