Schaeffer's Trading Floor Blog

Buzz Stocks: Microsoft, Starbucks, Morgan Stanley, and Cisco Systems

Among today's stocks in the news to watch are MSFT, SBUX, MS, and CSCO

by 1/25/2013 9:09 AM
Stocks quoted in this article:

The bulls are hoping to keep the winning streak alive for the Dow, with futures solidly higher ahead of the open. On the final day of this holiday-shortened week, here are some companies to watch in the news:

  • Microsoft Corporation (NASDAQ:MSFT) was the latest major tech name to visit the earnings confessional, reporting second-quarter net income of 76 cents per share, a 2-cent drop from the previous year. Adjusted earnings, however, came in at 81 cents per share, and revenue edged up 3% to $21.46 billion. Results were mixed in terms of expectations, as analysts had projected per-share results of 75 cents on $21.53 billion in sales. Sales in the software giant's Windows unit were higher on a year-over-year basis, but revenue from other divisions slumped. (Nasdaq)

  • Coffee king Starbucks Corporation (NASDAQ:SBUX) announced a 13% lift in profit, earning 57 cents per share to match analysts' expectations. Revenue gained 11% to $3.8 billion, roughly in line with the consensus view. (The New York Times)

  • The Procter & Gamble Company (NYSE:PG) said its earnings more than doubled in the second quarter, expanding to $1.39 per share (or $1.22 per share on an adjusted basis). Sales were 2% higher at $22.18 billion. Analysts were targeting per-share earnings of $1.11 on $21.91 billion in revenue. For 2013, the consumer-products giant expects to bank profit between $3.97 and $4.07 per share, an overall increase of 3% to 6%. (MarketWatch)

  • James Gorman -- Chairman and CEO of Morgan Stanley (NYSE:MS) -- is taking another proverbial one for the team, with a second consecutive pay cut. In 2010, Mr. Gorman received $14 million in compensation (including salary, cash, and shares); this figure was lowered to $10.5 million in 2011, and will likely drop to $6 million for last year, plus pay from an incentive program, the amount of which will not be publicly disclosed until the spring. (The Wall Street Journal)

  • Cisco Systems, Inc. (NASDAQ:CSCO) is unloading its home networking business to Belkin for an undisclosed sum. With this move, the networking giant is stepping further away from the consumer sector, following its exit from the Flip video camera and Umi video-conferencing businesses. (Reuters)

  • Examinations into the problematic battery aboard The Boeing Company (NYSE:BA) 787 Dreamliner are far from over, as investigators have found "symptoms" behind why the part caught fire on Jan. 7, but have not determined a root cause. The chairman of the National Transportation Safety Board noted the issue presented a "very serious air safety concern." (The Economic Times)

  • Finally, the annual "Buzz Rankings" have been calculated at YouGov BrandIndex, revealing what brand names collected the most positive chatter during the past year. Of the nearly 1,100 brands studied, the best-ranked name was fast-food chain Subway, followed by Amazon.com, Inc. (NASDAQ:AMZN) and Cheerios. (YouGov)


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