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Tech Stocks Impression- Adobe Systems Incorporated (NASDAQ:ADBE), salesforce.com, inc. (NYSE:CRM)

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) ended Friday session in green amid volatile trading. The shares closed up +0.67 points or 0.65% at $103.57 with 1.72 million shares getting traded. Post opening the session at $103.49, the shares hit an intraday low of $102.94 and an intraday high of $104.16 and the price vacillated in this range throughout the day. The company has a market cap of $52.24 billion and the numbers of outstanding shares have been calculated to be 498.97 million shares.

Adobe Systems Incorporated (ADBE) on August 11, 2016 announced the release of its monthly Digital Price Index (DPI) for July, which identifies new trends in online grocery shopping and the continued impact of Brexit on London flight and hotel prices. Online grocery shopping and in-store pickup were at a record high, while sales of Pokémon branded items grew significantly as well. Prices across nearly all other categories the DPI tracks continued to decline. Leveraging big data, the DPI looks at inflation rates by analyzing actual transactions in real-time to account for changes in consumer behaviors, filling a void in traditional, survey-based economic reporting.

For July, the DPI reports substantial growth in online grocery sales with 66 percent Year-over-Year (YoY). The share of groceries purchased online and picked up in-store rose from 18 percent in January 2015 to a record 45 percent in July 2016, whereas 55 percent accounted for in-home deliveries. The rise in online grocery shopping reflects people’s desire for convenience and time savings while delivery cost and availability beyond metropolitan areas contributed to the increase of in-store pickups. Online grocery shopping grew beyond major tech centers, with Oregon, Kentucky, Washington, Colorado and Indiana seeing the highest increase with up to 350 percent YoY. While prices for a majority of online groceries continued to fall (0.8 percent YoY), prices for fruits and vegetables increased – with prices for organic produce surging at twice the rate of non-organic.

In the toys and electronics categories DPI data shows continued price deflation. Sales for Pokémon items, for example, fell 2.9 percent Month-over-Month (MoM) despite sales volume for Pokémon items increasing up to 170 percent YoY. Pokémon toys and electronics saw even more deflation than the overall categories (1.2 percent for toys and 1 percent for electronics). Additionally, Brexit continued to impact London travel prices. London airfares declined significantly at 13.3 percent since the Brexit referendum and are down 12.3 percent YoY. Hotel prices in London dropped 15.2 percent YoY.

“The Federal Reserve is looking for an uptick in inflation, yet we’re seeing further deflation, even for categories with significant increase in demand such as groceries and popular merchandise like Pokémon items,” said Mickey Mericle, vice president, Marketing and Customer Insights at Adobe.

“The lack of inflation in Pokémon-branded items reflected in the DPI, despite their explosion in popularity, is fascinating. Among other factors, it could be that the new buyers are more price sensitive, which hints at some of the difficulties the economy is facing in raising prices, or that they have been able to ramp up production without increasing per unit costs,” said Pete Klenow, professor, Department of Economics at Stanford University.

Shares of salesforce.com, inc. (NYSE:CRM) ended Friday session in red amid volatile trading. The shares closed down -0.81 points or -1.07% at $75.10 with 8.15 million shares getting traded. Post opening the session at $76.00, the shares hit an intraday low of $74.65 and an intraday high of $76.47 and the price vacillated in this range throughout the day. The company has a market cap of $48.65 billion and the numbers of outstanding shares have been calculated to be 685.00 million shares.

salesforce.com, inc. (CRM) on Sept. 1, 2016 announced the expansion of its Wave Analytics portfolio with new apps built by Salesforce and independent software vendors (ISVs) in its ecosystem. New Salesforce Wave apps for B2B Marketing and Financial Services Cloud, as well as 20 apps from leading ISV partners including Everis, ThinkLP and Vlocity, allow even more employees to be smarter about their customers with actionable insights within the context of their businesses. In addition, the new Wave Dashboard Designer and Wave Dataset Designer enable companies to personalize Wave apps for each role and function within a department, and combine data from multiple data sources to provide employees with the specific insights they need to drive their businesses forward.

Salesforce launched Wave Analytics Cloud to empower employees with pre-configured, easy-to-use analytics apps that deliver data-driven insights they have come to expect from consumer apps like Fitbit, Mint and Waze. Traditional business analytics tools are often disconnected from business processes and present data in static outdated reports that require an army of experts to create. Wave apps seamlessly integrate with Salesforce and provide users with an intuitive, self-service way to drill into the most up-to-date data, uncover insights, collaborate and take instant action, from any device. And the Analytics Cloud is extending its apps portfolio beyond sales, service and IT with apps for marketing, financial services as well as apps from ISV partners.




About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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