Schaeffer's Trading Floor Blog

Buzz Stocks: First Solar, Inc., Adobe Systems, Microsoft Corporation, and Facebook Inc (FB)

Today's stocks to watch in the news include FSLR, ADBE, MSFT, and FB

by 5/7/2013 9:10 AM
Stocks quoted in this article:

After spending Monday's session digesting recent gains, markets are indicated modestly higher this morning, with the Dow setting its sights on the 15,000 level once again. Turning to stock news, here are some names to watch in today's session:

  • First Solar, Inc. (NASDAQ:FSLR) reported earnings per share of 69 cents, excluding items, falling short of the consensus estimate of 75 cents per share. At $755 million, however, total revenue beat expectations. The solar panel concern's full-year guidance of $4.27 per share and $3.84 billion in revenue remains unchanged. (CNBC)

  • Adobe Creative Suite 6 will be the last off-the-shelf version of the software package, Adobe Systems Incorporated (NASDAQ:ADBE) announced. Subsequent versions will be housed on the company's Creative Cloud, where customers can purchase a one-year subscription for $20 to $70 a month -- a steep discount to the current desktop version, which ranges from $1,299 to $2,599. (ZDNet)

  • Without delving into specifics, Microsoft Corporation (NASDAQ:MSFT) said it plans to address the steep learning curve involved for Windows 8 users. The PC and tablet operating system, which was released last year, looks and feels drastically different from its predecessors. One change that has been particularly vexing -- and one that Microsoft plans to resolve -- is the move from the traditional start menu, to a tile-based interface. (The New York Times)

  • Facebook Inc (NASDAQ:FB) sneaked its way onto the Fortune 500 for the first time, placing 482nd with $5.1 billion in 2012 revenue. It was one of just 24 new additions to the prestigious list. The social media site has a long way to go before catching top-ranked Wal-Mart Stores, Inc. (NYSE:WMT), however -- the ubiquitous retailer posted revenue of $469.2 billion last year. (USA Today)

  • After shutting down its LucasArts game development division, The Walt Disney Company (NYSE:DIS) licensed the Star Wars console games to Electronic Arts Inc. (NASDAQ:EA). Now that EA is the sole publisher of the franchise, the element of competition -- and creative variance -- among different developer companies has been eliminated. (CNN)

  • To combat the sale of counterfeit versions of Viagra, Pfizer Inc. (NYSE:PFE), the drug's parent, is setting up, which will direct customers with valid prescriptions to a site run by CVS Caremark Corporation (NYSE:CVS). In 2011, the company found that 80% of the top 22 sites that came up in search results for the phrase "buy Viagra" sold counterfeit pills with less active ingredients. (CNN)

  • After 13 years as Diageo plc's (ADR) (NYSE:DEO) chief executive officer, Paul Walsh is stepping down from his position. Current Chief Operating Officer Ivan Menezes, who analysts affirm has great ideas for the company, is set to take the reins on July 1. (Bloomberg)

  • In an internal memo on Monday, The Wall Street Journal Deputy Editor-in-Chief Matt Murray and video operations head Chris Cramer reminded their employees looking neat and professional on camera is just as important as keeping up with international business and economic news. In the WSJ New York offices is an in-house makeup artist to fix up deadline-driven journalists in minutes. (Gawker)

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