FORT LAUDERDALE, Fla., May 6, 2004 (PRIMEZONE) -- There was an impressive 4.3% gain in March factory orders, boosted by an upward revision to durable goods orders to 5.0% (previously reported at 3.4%), but the news failed to create much response. The Fed's future moves are likely to be heavily influenced by this Friday's employment report. It is expected to show that the US economy created another 173,000 jobs in April after a surprisingly strong showing of 308,000 jobs created in March. More information about this is available at: (http://www.stockmarketnewsalert.com).
Stocks to Watch
Fortune Brands (NYSE:FO)
Fortune Brands, Inc.(NYSE:FO), a leading consumer brands company, today declared a regular dividend of 30 cents per share on the Common Stock, payable in cash on June 1, 2004, to stockholders of record at the close of business May 12, 2004.
The company also declared a regular dividend of 66.75 cents per share on the $2.67 Convertible Preferred Stock, payable in cash on June 10, 2004, to stockholders of record at the close of business May 12, 2004.
Fortune Brands, Inc. is a $6 billion leading consumer brands company.
Adobe (Nasdaq:ADBE)
Adobe (Nasdaq:ADBE) said it expects second quarter earnings of $0.39 to $0.44 per share on revenue of $390.0 million to $410.0 million. The company's previous guidance was earnings of $0.33 to $0.39 per share on revenue of $365.0 million to $385.0 million and the current consensus earnings estimate is $0.37 per share on revenue of $380.8 million for the quarter ending May 31, 2004.
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