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Wednesday’s Stocks to Watch: Adobe, Oracle

ADBE gets a lift after reporting earnings


Here are a few stocks to keep on your radar:

  • Adobe Systems (NASDAQ:ADBE) gained 5.6% in early Wednesday trading after the company issued a mixed-bag fiscal third-quarter earnings report, beating Wall Street expectations on profit, missing on revenue and delivering an in-line earnings per share forecast for the fourth quarter.
  • Oracle (NASDAQ:ORCL) rose 7.2% after the company beat analysts’ fiscal first-quarter earnings estimates, while saying
    second-quarter profit would at least meet current expectations.
  • Avnet (NYSE:AVT) added 3% after a positive mention of the stock on CNBC’s Mad Money program with Jim Cramer.
  • Celgene (NASDAQ:CELG) slipped 0.7% after rising more than 7% on Tuesday amid a strong performance across the board in biotech stocks.
  • Illumina (NASDAQ:ILMN) rose 1.4% after it fell more than 5% on Tuesday as one of the worst-performing large-cap tech stocks of the session.

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