Adobe, Oracle Named Top Tech Picks For July: Why This Investor Expects The AI Momentum To Continue
Portfolio Pulse from Adam Eckert
Adobe Inc (NASDAQ:ADBE) and Oracle Corp (NYSE:ORCL) have been named top technology picks for July by Mizuho, with Cerity Partners’ Jim Lebenthal highlighting their potential to benefit from the AI boom. Adobe's recent strong earnings and guidance have driven its stock higher, while Oracle's AI demand and partnership with Google Cloud have positively impacted its shares.
July 05, 2024 | 2:58 pm
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POSITIVE IMPACT
Adobe has been named a top tech pick for July by Mizuho, with strong recent earnings and guidance driving its stock higher. The company has successfully monetized AI, which is expected to continue boosting its performance.
Adobe's strong earnings report and positive guidance have already led to a rise in its stock price. The company's ability to monetize AI and the positive analyst revisions suggest continued upward momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Oracle has been named a top tech pick for July by Mizuho. Despite missing analyst expectations in its recent earnings report, the company's AI demand and partnership with Google Cloud have driven its stock higher.
Oracle's stock has risen due to strong AI demand and a significant partnership with Google Cloud, despite missing earnings expectations. This suggests positive short-term momentum.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100