If you are looking to invest for the long term, you may want to consider large-cap stocks that have a solid track record of performing steadily in all market conditions. Large-cap stocks are typically more immune to short-term fluctuations in the market and are considered to be safer stocks in which to invest…
Doing business in the COVID-19 era has been challenging for most companies. However, some large-cap companies have managed to increase their revenues during the same period. These companies performed well during the August quarter, and are expected to do well in the about-to-be-reported quarterly results also l.
Companies like Adobe, Inc. (ADBE), Oracle Corporation (ORCL), Broadcom, Inc. (AVGO), Costco Wholesale Corporation (COST), and Lululemon Athletica, Inc. (LULU) are scheduled to announce their results this week. It may be a good idea to bet on these stocks if they report promising numbers. In addition to offering safety, these five large-cap stocks possess the potential to gain significantly in the long run because they are innovating quickly to meet future demand.
Adobe, Inc. (ADBE)
ADBE is a software company that operates in the digital media, digital marketing, print and publishing segments. The company owns and runs the popular Adobe Acrobat and Adobe Photoshop software. ADBE’s stock has gained 47.4% so far this year.
The company recently entered into an agreement to acquire Workfront, which is a leading work management platform for marketing professionals. The company has also released a slate of innovations relating to its Creative Cloud applications, including Photoshop, Lightroom, and Illustrator. ADBE also announced that they will be working on the development of mobile and multi-surface apps.
ADBE is expected to have its fourth quarter earnings call on December 10, 2020. During the last quarter, the company saw record-breaking revenue of $3.23 billion, which represented an increase of 14% from the same period last year. The company’s EPS increased 22% year-over-year during the same quarter.
ADBE is expected to see a revenue growth of 13.2% for the quarter ended February 2021 and 15.4% in 2021. The company’s EPS is estimated to grow 12.4% in 2021 and at a rate of 17.4% per annum over the next five years.
How does ADBE stack up for the POWR Ratings?
A for Trade Grade
B for Buy & Hold Grade
B for Industry Rank
B for Overall POWR Rating
The stock is also ranked #31 out of 96 stocks in the Software – Application industry.
Oracle Corporation (ORCL)
ORCL develops and markets a range of software products in the database, middleware, cloud infrastructure, and application segments. It is the world’s largest database management company. ORCL’s stock has risen 13.2% year-to-date.
The company recently released the Oracle Could VMware Solution in all global regions. The offering allows enterprises to move their VMware workloads to a cloud infrastructure. The company has also…
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