Adobe Systems, Inc., (ADBE): Founded in 1982, headquartered in San Jose, California, Adobe Systems, Inc., designs and develops software tools for professional publishing, Web design and development, professional photography, video production, animation, and motion graphic production.
Market is expecting a profit of 37 cents a share for the quarter ended November 2009, a drop of 23 cents a share compare to its actual profit of 60 cents a share it posted in the same quarter a year ago. The company posted a profit of 45 cents, 35 cents and 35 cents a share in the quarters ended February 2009, May 2009 and August 2009 respectively.
The shares are currently trading at around $35.38 just under its 52 week high of $37.15 with an average volume of about 6 million shares per trading day. Adobe is in my SHORT sell watch list for short term trading. Watch for earnings on Tuesday December 15, 2009 after market close.
Best Buy Co, Inc., (BBY): Founded in 1966, headquartered in Richfield, Minnesota, Best Buy Co, Inc., operates specialty retail stores in the United States, Canada, Mexico, China, and Europe.
Market is expecting a profit of 43 cents a share for the quarter ended November 2009, a jump of 8 cents compared to its actual profit of 35 cents a share it posted in the same quarter a year ago. The company posted a profit of $1.61, $0.42, and $0.37 in the quarters ended February 2009, May 2009 and August 2009 respectively.
Currently trading at about $44.34 just under its 52 week high of $44.50 with an average volume of about 5.6 million shares per trading day. Best Buy is in my BUY watch list for short term trading. Watch for earnings on Tuesday December 15, 2009.
