NEWS
Tech’s Terrific Thursday

Inflation and employment data continue to cooperate, supporting a rate cut and giving bulls the courage to continue buying. Technology was once again the bright spot, as Stocktwits sentiment for all the major indexes pushed into ‘bullish’ or ‘extremely bullish’ territory. 👀

Today's issue covers Adobe needing Photoshop after earnings, RH really surprising investors, Moderna missing expectations again, and a Bitcoin miner holding up surprisingly well. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with communications (+1.87%) leading and real estate (+0.18%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $JDZG, $MNTX, $RH, $MNPR, $GRRR 📉 $FTNT, $TIL, $DV, $ATGE, $SPCB*

*If you’re a business and want to access this data via our API, email us.

EARNINGS
Adobe Needs Photoshop After Earnings 😬

Software giant Adobe posted $4.65 in adjusted earnings per share on revenues of $5.41 billion, topping estimates of $4.53 on revenues of $5.37 billion. Its largest business line, Digital Media, saw 11% YoY growth, with sales rising to $4 billion. 💵

Despite the positive results, the company’s fourth-quarter forecast was marginally below estimates, causing Wall Street to punish the stock.

Although Adobe could be a growth driver for the company, some analysts see it as a disruptor to its core business, especially after its failed acquisition of Figma. Still, others believe the company can use the tech to its own advantage in time to stave off competitors. 🤖

Shares fell 9% after the bell, though Stocktwits sentiment remains in ‘extremely bullish’ territory, suggesting some view this pullback as a longer-term buying opportunity.

On a related note, Oracle continued its recent run, rising another 7% to new all-time highs after raising its AI revenue guidance through fiscal 2029. 👏

STOCKTWITS “CHART ART”
Crypto Miner $CORZ Keeps Perking Up 🧐

While cryptocurrencies themselves remain choppy, some crypto-linked stocks continue to hold up better than others.

Stocktwits user @TRADING_TEMPLAR highlighted Core Scientific, a digital asset miner that continues to form a constructive base following its move higher in the early summer months. He’s keeping his positions on and potentially looking to add once prices break from this consolidation. 💸

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