ADBE Neo CAD hedged or actual share

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Do you like ADBE overall and do you think the CAD is close to a bottom?

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Asked on December 11, 2024 9:43 pm
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I do like Adobe. I do believe valuations have gotten a bit ahead of themselves and this correction it's going through is one that should give investors a better opportunity for entry. However, I do still feel it's a tad expensive here for a company expected to grow earnings in the low double digit range.

As for the CAD bottoming.... I don't believe we have seen a bottom here but it's difficult to say how low it will go. At this point in time, I am still buying USD so that should give you a good indication of whether or not I think it's going lower. I do believe our weakening economy and need to drop policy rates so much will continue to impact our dollar. But on the flip side, I believe Trump's aggressive policies will strengthen the USD, ultimately weakening our dollar with nothing we can do about it.

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Posted by Dan Kent
Answered on December 12, 2024 12:11 pm