Adobe Earnings Report Shows Promising Performance Despite COVID-19 Outbreak
Adobe (ADBE) reported a slight decline in shares and earnings in the midst of COVID-19 on the latest quarterly report. Chief Technology Strategist, Brad Gastwirth, explains the company should overcome impacts of the pandemic due to their 90% profit margin. During an interview on the TD Ameritrade Network, he suggests the creative solutions group is the driving force behind the company’s recent performance. For more comments from Brad Gastwirth, view his full appearance.
Chipotle’s Successful Digital Transition Leads to Increasing Sales and Share Price
Chipotle sales and shares are improving after a successful transition from in-person sales to digital. Equity Research Analyst, Nick Setyan explains how the company has shifted 70% of their transactions online, mitigating any potential losses. During an appear on Cheddar, he explained how if the company is able to retain the users moving forward, their sales will increase by 10% overall.
Uber’s Potential Acquisition of Grubhub Continues to Worry Politicians
As Uber contemplates acquiring Grubhub (GRUB), politicians are forced to address how the deal could impact the public. During an appearance on the TD Ameritrade Network, Brad Gastwirth, Chief Technology Strategist, outlined how the acquisition could capture $100 million dollars in overlap between the companies. Additionally, he believes the deal will lower competition across the industry. For more comments from Brad Gastwirth, view his full appearance.