Schaeffer's Trading Floor Blog

Buzz Stocks: Adobe, Pfizer, Walgreen Co., and Yahoo!

Today's hot stocks to watch in the news include ADBE, PFE, WAG, YHOO, and AAPL

by 12/14/2012 8:44 AM
Stocks quoted in this article:

After yesterday's losing session, the bulls are back in control this morning, lifting Dow futures higher. Here are some other stocks making news this Friday morning:

  • Earnings news: Adobe Systems Incorporated (NASDAQ:ADBE) announced fourth-quarter earnings of 61 cents per share (excluding items), besting analysts' estimates by four pennies. Meanwhile, although revenue was flat at $1.15 billion, it still edged out the consensus view of $1.1 billion. The software giant is looking to start the day with a 5.6% rise. (CNBC)

  • Pfizer Inc. (NYSE:PFE) may be spinning off its animal-health unit Zoetis Inc. for public trading as early as January or February. The pharmaceutical giant is hoping to value the division around $20 billion, with an initial offering around $4 billion, or roughly 20% of the company. Through the first three quarters of this year, Zoetis had booked $3.1 billion in revenue for PFE through the sale of vaccines and medicine for domestic pets and farm animals. (The Wall Street Journal)

  • As soon as Monday, the Japanese arm of UBS AG (USA) (NYSE:UBS) could plead guilty for its part in a global interest rate scandal. UBS also faces $1 billion in fines and regulatory sanctions, which could deliver a devastating blow to the firm, affecting the broader economy as well. (The New York Times)

  • Walgreen Company (NYSE:WAG) has been ordered to pay $16.57 million for illegally dumping hazardous waste material. Heard in a California court, the case also alleged that WAG improperly disposed of customer's confidential information. The drugstore chain did not plead guilty to the charges, but settled to end litigation. (USA Today)

  • The iPhone 5 hit shelves in China on Friday. Apple Inc. (NASDAQ:AAPL) is hoping the new device will be integral to expanding its reach in the country, which is the company's fastest-growing and second-largest market, contributing 15% of total revenue. (Reuters)

  • While Yahoo! Inc. (NASDAQ:YHOO) CEO Marissa Mayer continues to refocus the company toward improved technology, the Internet concern announced a change to its board of directors. While two members will vacate their positions, YHOO welcomes PayPal cofounder Max Levchin into the fold. (Forbes)

  • Finally, a new poll reveals that 20% of Americans hate the process of gift buying this time of year -- and that's with the modern-day ease of online shopping! Ranking highest on the list of holiday shopping pet peeves are crowds/lines, poor parking lot etiquette, and debt incurred as a result of all those gifts. (The Consumerist)

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