Why this money manager is buying Adobe and selling Oracle

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John Zechner, a money manager at J. Zechner Associates Inc., is taking a cautious stance in the current market, reducing holdings in technology and health care while seeking value in Canadian energy, telecom, and railways. He recently bought Adobe Systems Inc. due to its compelling valuation after a significant drop, believes its core offerings are indispensable, and sold Oracle Corp. due to concerns about its growth quality and substantial borrowing for AI investments. Zechner also likes Torex Gold Resources Inc. for its undervaluation and Rogers Communications Inc. as an out-of-favor infrastructure asset with dividend potential.

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