A Huge Shift Is Underway in America

Many Americans say they no longer recognize the country they grew up in.

With more and more haunting news confirming their fears every day.

Now, a former $200 million hedge fund firm manager has just issued a chilling new warning:

“The market is soaring this year… but we’re not in a bubble,” says Whitney Tilson. “This is something far more dangerous, and it’s changing everything we know about money.”

Tilson – who predicted both the 2008 crash and the 2020 market bottom – says a massive shift is underway inside our financial system… and 99% of Americans are unprepared.

“If you still believe you’ll get ahead by owning ordinary stocks and mutual funds,” he says, “you’re going to be blindsided.”

This shift is already creating millionaires and billionaires at the fastest pace in history.

CNBC calls it “the largest wealth creation spree in history.”

And yet, 1 in 3 Americans say their financial situation has deteriorated over the past year.

“We’re seeing the rise of one-person companies worth billions,” Tilson says. “The rules have changed. The old playbook is dead.”

Tilson just revealed a unique way to get ahead of this change, and protect yourself from what comes next.

With his permission, we’ve posted his full public briefing on our website, free of charge.

Click here to watch it now.

Regards,

Matt Weinschenk
Director of Research, Stansberry Research

Adobe Launches Premiere Pro on iPhone, Upside Ahead?

Written by Gabriel Osorio-Mazilli. Published 10/9/2025.

The digitization of the economy is accelerating, and more business owners are recognizing that an online or social media presence is essential for success in this new landscape. That strengthens the case for companies in the technology sector that help businesses make the transition—one of which presents investors a compelling risk-to-reward opportunity for the coming quarters.

Shares of Adobe Inc. (NASDAQ: ADBE) have fallen to roughly 62% of their 52-week highs, creating two potential advantages for investors. First, much of the downside risk appears priced in. Second, there is meaningful upside potential if Adobe can rebound and retest prior highs.

That upside likely needs a clear catalyst—and Adobe’s management seems aware of it. By expanding into the Apple App Store, Adobe has brought its flagship video editor, Premiere Pro, to the iPhone. The move places Adobe in direct competition with existing mobile editing apps, but few match the professional-grade capabilities and creative ecosystem Premiere Pro offers.

A Few Moats to Consider for Adobe’s Business

There are many video-editing apps on the market, so investors often ask what makes Adobe different. The answer is similar to why many people are reluctant to switch from an iPhone to an Android: switching tools imposes real costs. For professionals, the time and effort required to learn a new editing platform is a meaningful barrier to switching.

This user lock-in shows up in Adobe’s financials. Adobe’s recent results show a gross profit margin of 89.1%, driven by two main factors. The first is the company’s subscription-based model, which creates steady, predictable revenue and benefits from the intangible switching costs that keep customers in the ecosystem.

The second factor is the low incremental cost of scaling the product. After initial investments in cloud infrastructure and development, additional users can be served without proportionally large capital expenditures until significant new features or versions are introduced.

Those efficiencies support strong profitability: Adobe achieves net income margins in the neighborhood of 30%, underpinning healthy earnings-per-share (EPS) growth potential. Expanding into the App Store is consistent with that model—more users, high margins, and strong cash conversion—so here’s what it could mean for shareholders.

Mobile-to-Desktop Conversions Could Drive Higher Revenue

By entering a mobile-first user base, Adobe opens a new addressable market. Users who start with Adobe tools on the iPhone are likely to encounter mobile limitations and may be upsold to more powerful desktop features or to other apps in Adobe’s ecosystem.

If a mobile-to-desktop conversion trend materializes, it could raise revenue per user, boost EPS growth and, ultimately, lift the stock. That upside is reflected in the current Wall Street consensus price target of $433.41, about 23% above current levels—helping explain why some analysts see further upside.

Gil Luria of DA Davidson forecasts Adobe stock could reach $500 per share, implying roughly 42% upside in the months ahead. Looking at the risk-to-reward setup, the pendulum appears to be swinging in favor of buyers.

Over the past month, Adobe’s short interest fell by 3.4%, a sign of bearish capitulation heading into this App Store launch. Beyond short covering, the broader market action sends a subtle signal to retail investors paying attention.

Adobe currently trades at a price-to-book (P/B) ratio of about 12.5x, a premium to the computer sector average of roughly 7.5x. That premium is supported by Adobe’s high margins and the new expansion opportunities it is pursuing.

With double-digit upside still on the table, Adobe’s risk-reward profile looks attractive for investors seeking a balanced entry point into a high-margin, cash-generative business.