Schaeffer's Trading Floor Blog

Buzz Stocks: Adobe Systems Incorporated, BlackBerry Ltd, AT&T Inc., and Walgreen Company

Today's stocks to watch in the news include ADBE, BBRY, T, and WAG

by 9/18/2013 9:41 AM
Stocks quoted in this article:

Ahead of this afternoon's highly anticipated Federal Open Market Commmittee (FOMC) announcement on the fate of its bond-buying program, stocks are sitting slightly below breakeven just after the opening bell. In company news, here are some stocks to watch today:

  • Adobe Systems Incorporated (NASDAQ:ADBE) shares are up about 7% right out of the gate, despite the Photoshop maker missing its quarterly earnings and revenue estimates. During the third quarter, ADBE earned $83 million, or 32 cents per share (excluding items), on sales of $995.1 million. Analysts had expected adjusted earnings of 34 cents per share on $1.01 billion in revenue. (Reuters)

  • This morning, BlackBerry Ltd (NASDAQ:BBRY) unveiled a new flagship mobile phone: the Z30, which features a larger display, stereo speakers, a powerful processor, and a longer-lasting battery. Also noteworthy is the fact that the Z30 runs the new BlackBerry 10 operating system. (CNET)

  • AT&T Inc. (NYSE:T) is partnering with Mexico's America Movil SAB de CV (ADR) (NYSE:AMX) to deliver wireless service to businesses in 15 Latin American countries. T owns about a 9% stake in AMX, and there's speculation the two could expand into Europe, as well. (Yahoo! News)

  • Walgreen Company (NYSE:WAG) is changing the way it offers health insurance to its 180,000-person workforce and their families. Starting in 2014, employees will be provided with a fixed subsidy, which they can put toward the selection of a health plan via an online marketplace that will feature up to 25 choices. (Chicago Tribune)

  • In the wake of several gun-related tragedies, Starbucks Corporation (NASDAQ:SBUX) CEO Howard Schultz has asked firearm owners not to bring their weapons into its coffee shops. The request, however, is not equivalent to a ban. Traditionally, SBUX policy has been to defer to local gun laws, rather than to enforce a store-specific policy. (CNBC)

  • Electronic Arts Inc. (NASDAQ:EA) sports division head Andrew Wilson has been selected as the company's next CEO. Wilson, who has been with the video gamer producer since 2000, takes over for former executive John Riccitiello, who relinquished the post in May. (USA Today)

  • Finally, Ron Shaich, CEO of Panera Bread Co (NASDAQ:PNRA), is trying to eat on a budget of just $4.50 a day this week, as part of his Supplemental Nutrition Assistance Program (SNAP) Challenge. In so doing, Shaich is seeking to raise awareness about the difficulties of living on SNAP-provided food stamps, ahead of possible funding cuts to the federal program. (USA Today)


permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.