Adobe Systems Stock News

There''s evidence American consumers are very much in a buying mood. Adobe estimates shoppers spent as much as $9 billion on Black Friday. Consumers are also expected to show up for Small Business Saturday and Cyber Monday. CBS News senior business analyst Jill Schlesinger joins CBS Saturday Morning to look at what this spending could mean for the upcoming holiday season.

WESPAC Advisors LLC acquired a new position in Adobe Inc. (NASDAQ:ADBE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 790 shares of the software companys stock, valued at approximately $455,000. A number of other institutional investors also recently added []

Holiday sales in November and December could top $200 billion, according to a forecast from Adobe.

Amazon Shelling Out $3,000 Signing Bonuses, Chartering Ships, In Unprecedented Holiday Push Drastic measures are going to have to be taken this holiday season to make sure that inventory and online orders arrive on time. But don''t worry, Amazon has a plan. Adobe is projecting this year that consumers will spend $207 billion online, a rise of 10% from last year, according to Bloomberg . This means that dodging supply chain and logistics issues is a must for retailers like Amazon. Amazon is going to be chartering additional ships and has already hired 150,000 seasonal workers to help with shipping and packing this holiday season. It is enticing them with bonuses of up to $3,000 and higher than usual pay. Additional costs, like chartering ships and dispatching half-full trucks, could ultimately amount to $4 billion, which would be enough to wipe out the company''s profit during Q4. But Amazon sees the holidays as an "opportunity to extend its advantage over rivals," Bloomberg reports. Even if that means sacrificing profits to get the job done.

Deep Discounts Are Harder To Find This Black Friday Amid Snarled Supply Chains Black Friday, the busiest in-store shopping day of the year, will not have those deep discounts consumers are used to this year. Companies suffer from snarled supply chains and rising costs that have crushed margins. This means companies aren''t serving up deep discounts as they were pre-COVID. On top of this, households have depleted savings and negative real wage growth, though they continue to use credit cards. So deal or no deal? We cited a report from Statista''s Martin Armstrong that notes when looking for large percentage deals today -- don''t expect any. For further insight into Black Friday and Cyber Week deals, along with spending trends, we turn our attention to a series of updates from Bloomberg''s Jeannette Neumann and Irina Anghel . Salesforce Flags Lack of Big Discounts This Year (10:01 a.m.) Consumers are finding some of the least-generous Black Friday and Cyber Week deals on record because of inflation, robust demand and diminished product availability. "These are some of the lowest average discount rates that we''ve seen in recent history ," said Rob Garf, vice president of retail at Salesforce.com Inc.

Purus Wealth Management LLC boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,614 shares of the software companys stock after acquiring an additional 102 shares during the quarter. Adobe accounts for []

US consumers spent $5.1 billion online on Thursday, according to data from Adobe Analytics. It was at the lower end of Adobe''s estimates.

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The post Online sales Thanksgiving weekend on track to top $200 billion, Adobe says appeared on BitcoinEthereumNews.com . People ride on the elevator as shoppers show up early for the Black Friday sales at the King of Prussia shopping mall in King of Prussia, Pennsylvania, November 26, 2021.

Teamwork Financial Advisors LLC boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 29.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 519 shares of the software companys stock after buying an additional 119 shares during the period. Teamwork Financial Advisors LLCs holdings in []

Atlantic Securities upgraded shares of Adobe (NASDAQ:ADBE) from a neutral rating to an overweight rating in a report published on Monday, Price Targets.com reports. Atlantic Securities currently has $820.00 price target on the software companys stock, up from their prior price target of $600.00. A number of other research firms also recently commented on ADBE. []

Triangle Securities Wealth Management reduced its holdings in Adobe Inc. (NASDAQ:ADBE) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,073 shares of the software companys stock after selling 78 shares during the quarter. Adobe makes up 1.0% of Triangle Securities Wealth Managements []

Field & Main Bank lessened its position in Adobe Inc. (NASDAQ:ADBE) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,580 shares of the software companys stock after selling 50 shares during the quarter. Adobe makes up about 1.4% of Field & []

While we''ve had weeks of early Black Friday deals already, Thanksgiving has brought additional sales, some of which we expect to continue through Black Friday proper. This has been a trend for the past few years if you happen to be online and searching for Black Friday deals a few hours before the day arrives, you can expect at least a handful of solid early sales. And that strategy may pay off this year even more than others as supply chain issues continue to push back shipping estimates. The sooner you grab the items on your gift list, the better the chance they''ll arrive on time. To make your search a bit easier, we gathered the best early Black Friday tech deals we could find here. Sony WH-1000XM4 Billy Steele / Engadget Our favorite pair of Sony headphones, the WH-1000XM4 , are down to $248 right now, which is just about $100 off their regular price. We gave these cans a score of 94 for their powerful ANC, immersive sound quality and multi-device connectivity. Buy WH-1000XM4 at Amazon - $248 Buy WH-1000XM4 at Best Buy - $248 AirPods Pro Billy Steele / Engadget The updated AirPods Pro with the MagSafe case are on sale for $159 at Amazon and Walmart right now.

Wedge Capital Management L L P NC cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,868 shares of the software companys stock after selling 6,606 shares during the []