Investors Look Past Weak Quarter
Adobe Systems reported weaker-than-expected earnings and sales. But, management said that customers are "overwhelmingly choosing subscriptions" over traditional licenses. That's a big sign of success in changing their business model. ADBE climbs 5 percent before the opening bell on my tradeMONSTER platform and is above the key $50 level for the first time ever!
FedEx Earnings, Revenue Beat
FedEx reported first-quarter profit of $1.53 a share on revenue of $11 billion. Analysts were only expecting $1.50 and $10.97 billion, respectively. FDX climbs more than 3 percent in the premarket.
Dollar Tree Buyback Makes a Splash
Dollar Tree announced a $2 billion stock buyback. That's pretty decent for a company with a $12 billion market cap, and DLTR is up 3.5 percent before the opening bell.