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Adobe Running Well -- But Should You Chase?

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There may be better opportunities.

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So I went to Walmart last night, picked up a few strings of lights, and hung them all up. Like last year, I've got nothing on Clark Griswold, and odds are I won't be attracting throngs of spectators. But it's a decent display, if I do say so myself.

Asian stocks rose as we slumbered. The Hang Seng and the Nikkei were up 0.8% and 0.38%, respectively. However, European stocks were showing me some red this morning. And here in the US, we're currently trading higher.

Here's what I'm focused on this morning:

Adobe Systems (ADBE):
The shares had a heck of a run in yesterday's session rising almost 4%. The reasons: a strong market and the fact that JMP Securities slapped an Outperform rating on it.

While it's easy to get caught up in all the chatter, I don't plan on getting sucked in anytime soon. While I think the shares could ultimately have some upside from current levels, right now I don't feel like paying more than 20 times the 2010 estimate.

In short, there are better opportunities, although I'd revisit this idea if the shares were to pull back to high $20s or low $30s. Insiders, how about ponying up?

Dupont (DD):
Per the AP: "DuPont's finance chief on Tuesday reaffirmed the manufacturing conglomerate's outlook for 20 percent compound annual earnings growth for 2009 through 2012."

Some thoughts:

1. Clearly this story isn't all that sexy, however, the shares have been performing well, and I think a new high could be in the cards in the near-term given the outlook. But I'd still rather play the miser and pick it up on a pullback. .

2. Never mind that the company has been beating the pants off estimates the last few quarters and I think it's got a decent shot of doing so again.

3. There's the dividend too, which some might consider the whipped cream on top of the ice cream float.
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No positions in stocks mentioned.

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