Adobe Systems (ADBE)

A high-growth, mature software stock, so it hasn't sold it as much as, say, Shopify. They have a great customer base and a strong acquisition track record that fuels growth. Great recurring revenue base. He's looking at it.

A great name. He likes their migration to a subscription basis. It has good pricing power and he personally uses their products all the time. They are the defacto standard. A little rich at today's value though. He would also consider the ETF IGV-A to help diversify some of the risk in the space.

Big data recommendation? On the hardware side, you have the chip manufactures and communication companies. On the processing side, he recommends XLNX-Q. On the software side you have cloud and data analytics. He recommends EQIX-Q. He thinks there will be more consolidation. He also likes ADBE-Q.

It's in the digital media/creative space. It's reasonably priced now. His price target is the current $250, so he'd buy at $210-220.

Would selling be a good idea? He views this as a disciplined way to buy into a stock. This is a quality business, but it comes at a high valuation right now. He is already long his full allotment. Over the next 3-4 years, this stock will continue to strengthen.

Software service company. The sector has been one of the best performing in the market. Great company. They own other companies in the space like Microsoft (MSFT-O). Valuation is a little stretched. He would wait for a pullback to put new money on it. Well run company.

It is old tech. Some of these companies have taken out 2000 highs and ADBE-Q has continued to move higher. He would not trim it if it is no more than 5% and would let it run.

He thinks Adobe is like a rocket and wishes he owned some. He likes their business model and would buy near $150. He would buy-half today and wait for pullback to buy more.