ONON - WallStreetBets Previews Adobe On Holdings Kohl's Earnings: Here's What Retail Is Saying On Reddit | Benzinga
Wall Street is looking ahead to another busy week of earnings and retail traders are sharing their trading strategies for the stocks set to report.
What Retail Is Saying: Redditors in r/WallStreetBets appear to be divided on the effects of AI on Adobe, Inc. (NASDAQ:ADBE) which is set to report after the market close Thursday. Some traders reported buying puts on Adobe, expecting the stock to fall following earnings.
"Puts on ADBE. AI is cutting into their products, like Photoshop and video editing AI is taking business away," posted u/newintown11.
However, other traders see the company's integration of AI-enabled tools as a potential catalyst for the stock.
"Photoshop with generative AI is amazing. It works incredibly well. They are meeting the challenge of AI. That’s just one of the AI tools they've added over the last year with many more ...