Prosper in the pandemic but also beyond

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for investors. Here are two buys that stand out this month: ADOBE INC., $516.58, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares o/s: 475.8 million; Market cap: $244.3 billion; No dividends paid) reports that in the three months ended December 3, 2021, revenue shot up 20.0%, to $4.11 billion from $3.42 billion. Earnings climbed 13.9%, to $3.20 a share from $2.81 a year earlier. Adobe also spends a high 18% of its sales on research to stay ahead of the competition. Its balance sheet is nonetheless very strong: it holds cash of $5.8 billion. Now, with the COVID-19 virus having pushed more people to work remotely, the company is well-positioned to meet their needs. As a leading software firm, it’s also free from the kind of global supply chain disruptions that the virus has caused…

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