These 2 Falling Stocks Look More Interesting Than Ever
The stock market has temporarily lost its footing, with the ripples from Tuesday's massive plunge still working their way across the financial world. Investors haven't gotten any significant signs of a rebound from the decline earlier this week, and on Thursday morning, futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all suggested another mixed to downward open of trading.
A couple of stocks moved sharply lower in premarket trading on Thursday, but the reasons actually suggested better future prospects in the long run. Adobe (NASDAQ: ADBE) and NextEra Energy (NYSE: NEE) made moves that often lead to short-term price declines, and traders responded the way they usually would. Still, when you look at the underlying strategy behind the decisions these companies made, you might well agree that their stocks look more interesting than ever.
Shares of Adobe were down almost 9% in premarket trading Thursday morning. The creative-software platform provider released its fiscal third-quarter financial report a bit early, but the big news making the stock move was a major acquisition that could give a big boost to its long-term growth trajectory.
Source Fool.com
