5 Stocks Jim Cramer and Billionaire Ken Fisher Have in Common

4. Adobe Inc. (NASDAQ: ADBE)

Number of Hedge Fund Holders: 89

Jim Cramer recommended investors buy Adobe Inc. (NASDAQ: ADBE) stock that saw a robust rally of 31% in the last three months. In the second quarter, Fisher Asset Management also raised its position in Adobe by 3% to 6.2 million shares, accounting for 2.28% of the overall portfolio.

Richie Capital Group, an investment management firm, highlighted a few stocks including Adobe in the second quarter investor letter. Here is what Richie Capital Group stated:

“Adobe Systems – In the last 15 years, Adobe has transformed itself into a software behemoth, more than tripling its revenue since 2010. The company is famous for its namesake PDF-reader and photo-editing software Photoshop. However, ADBE sells a full suite of software products through a recurring subscription model. The company transitioned from selling boxed software to recurring subscriptions in 2013 and revenues have grown consistently since. The company achieved $13B in revenue in 2020 with 88% Gross Margins.”