IPO Calendar: Health Care IPO Boom Continues With Six

Three of the six IPOs in the health care sector this week are slated to begin trading Wednesday as the year’s leading IPO sector remains busy. The largest of the three initial public offerings is Civitas Solutions (CIVI), which provides non-institutional care services for individuals with developmental disabilities. The company plans to raise $252 million by offering 11.7 million shares at a price range of 20 to 23. The Boston-based company will

Adobe Stock Down On Mixed Q3 Report, Weak Q4 Guidance

Adobe Systems delivered mixed fiscal third-quarter results late Tuesday, with earnings per share beating expectations but sales just below Wall Street’s target. Fourth-quarter guidance also missed. Adobe Systems (ADBE) stock was down nearly 5% in trading after hours and after the company released results. Shares rose a fraction in Tuesday’s regular session, to 70.73. On Sept. 8, Adobe came within pennies of an all-time closing high, at 73.39.

Meat Products Industry Leads The Market

When the market takes a pounding, as it did Monday, look for defensive issues to come to the fore. Many money managers must stay fully invested, so when they worry about the market, they move out of their high fliers and into stocks that they expect will go down less. With that in mind, it’s no surprise that among Tuesday’s leading groups was Food-Meat Products, where the No. 2 company, out of nine in the group ranked by Composite Rating, is