Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

Based in San Jose, California, Adobe Inc. provides software for creative professionals, consumers and enterprises. Its products are organized into three segments. The flagship Digital Media segment, comprising over 70% of revenue, includes the Creative Cloud and Document Cloud business, with such applications as Acrobat, Photoshop and Flash Player. The Digital Experience segment includes the legacy Omniture web analytics businesses. The third segment is the small Publishing and Advertising segment. The company acquired Omniture in October 2009. Adobe derives about 46% of its revenue from markets outside the U.S.

Monday Tee Up: Fed Week All eyes are on the Federal Reserve this week, with expectations very high (100%) for an interest-rate cut. The debate most recently has been whether the cut will be 25 or 50 basis points (bps), and current odds are 50-50. On Wednesday, Wall Street will get the answer. The Dow Jones Industrial Average ended last week higher by 2.6%, the S&P 500 gained 4%, and the Nasdaq was up 5.9%. For the year, the DJIA is higher by 10%, while the S&P 500 and the Nasdaq have popped 18%. On the economic calendar, Tuesday brings updates on Retail Sales, Industrial Production, and Capacity Utilization. On Wednesday, in addition to news from the Fed, Housing Starts and Building Permits will be reported. And on Thursday, Existing Home Sales and Leading Economic Indicators will be refreshed. On the earnings calendar, General Mills reports on Wednesday and FedEx, Lennar, and Darden Restaurants report on Thursday. In the recently-concluded earnings season, overall EPS came in 13% higher than in the same quarter last year, which was better than expected. Information Technology was the winning sector, edging out Financial and Healthcare. All three sectors were up more than 20%. Materials was at the other end, down 6%. Though the results were good, many companies did note that inflation hurt demand. Last week, inflation data reflected prices that remain on a downtrend. CPI came in at 2.5% for August, compared to 2.9% in July. Core CPI printed at 3.2%, unchanged from July. Mortgage rates dropped again, hitting 6.2% for the average 30-year fixed-rate mortgage. Gas prices dropped a nickel to $3.24 per gallon for the average price of regular gas. The Atlanta Fed GDPNow indicator is forecasting for 3Q and calls for expansion of 2.5%. The Cleveland Fed CPINow indicator for September is at 2.3%, down from last month's actual print. After Wednesday, the next Fed rate decisions are on November 7 and December 18.

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).