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AbnerKeppel
2021-12-18

The main problem as ADBE official said on CNBC yesterday was associated with currency exchange. They believe during the year 2021, US currency was stronger against other currencies and that caused the problem. About 48% of the ADOBE's income was associated with other countries and this was the main problem. The president believes fundamentals are strong. The firm normally lowers market expectations and then they beat the estimate. The worst is over and we should expect 600+ by next week. $Adobe(ADBE)$

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