Think about all of the now ubiquitous programs and applications that you use on a daily basis. Nearly everyone utilizes cloud computing and storage access for their own files as well as accessing others – including plenty of commercial sites.
Then, everyone uses Portable Document Format (PDF) files to read all sorts of journals, newspapers, business documents – complete with the ability to edit and sign them for transactions and business use.
And then we come to what has become a universal term for photo-editing known as Photoshop that is the global standard for being able to manage and edit images for fun or business.
All of these and other must-have products and services all have their origin story in the archetype Silicon Valley garage where it all got started back in 1982.
What originated in a garage and was named for the local soil content with a homemade logo is now a major global branded company that has customers and users nearly everywhere that can’t operate without it.
It’s this sort of must-have products and services that makes this stock – a top stock for us at Josh’s Top 5.
And as the stock market is engaged in this stock, it’s now on its way towards further gains from its original entry on Oct. 4 – with plenty more gains now in the works that you can trade into for a nice quick return.
Indeed, this stock is set for a further quick gain in our trade this week for Josh’s Top 5. And we project a nice potential return in this technology stock that the world can’t operate without.
This continues our successes in our stock trades inside Top 5 with the average return on our hit stock trades at 7.66% for a total gain for hit trades running at 459.34%. And for the stock option alternatives presented for many of the stocks, the average gain for hit trades is running at 47.80%.
So, for weekly hit stock trades and stock option alternatives, these returns add up and can compound to amount to four-figure returns over the year.
The Stock the World Can’t Miss
Adobe (ADBE), known for years as Adobe Systems Incorporated, is the Mountainview, California-based company that has grown well beyond the founder’s garage with major offices and operations worldwide.
As noted above, it is the go-to company for document and content management – particularly through its cloud-based servers and data storage for publishers and consumers of written, imaging and video content.
Its Acrobat software is must-have for everyone to access documents and other printed materials, and the company offers multi-level access to this software and services making it available to anyone even in a free version for universal access and overall global adoption as the world standard.
Photoshop is imitated, but not necessarily equaled, and allows all sorts of image and other services for editing and accessing content. And the company has a myriad of other products and services that work for novices or the most extreme professionals in all industries.
And in a world of technology whereby companies continue to move towards recurring income over one-off sales of products and services, Adobe has been the leader in the subscription business model that is now being adopted and adapted by everyone, including Microsoft (MSFT).
The whole stay at home and remote work has only been a boon to Adobe as revenue over the trailing year has been ascending at a rate of 22.13%. And all the while that we’ve been more at home and working away from the office, the greater the appreciation of Adobe and its products and services.
We added the trade on Oct. 4 with a price of $576.02. And since then, the stock has been climbing to a current level of around $609.58. And while that gain has been made, there is more to follow in the works according to our technical research and analysis.
And with the stock market eyeing the benefits of the technology sector, it should be set for further gains in the coming days.
Here is our latest analysis for the stock trades and how it sets up for this week.
The trade to make for Adobe is to buy the shares and hold them for the target price of $629.18. From the current price of around $609.58, it represents a potential cash gain on the shares of 3.22% for a short-term trade.
Keep on trading,
Editor, Josh’s Top 5
P.S. This is a great pick, but it’s still only one out of my Top 5. To find out about the rest of the trades I’m recommending, complete with specific entry and exit points, you need to click here and join me on the Top 5 journey…