Stock Briefs, December 16, 2011

Boehner Pledges to Add Pipeline to Payroll Bill — Bloomberg.com, Dec. 16, 2011

Telecom services: 2012 Outlook from Morgan Stanley Research, Dec. 12, 2011:  “Adverse forces are rising, particularly with the balance of power tilting to Washington, yet the sector gets much support from boasting some of the highest dividend yields in the S&P 500.  Moreover, appetite for the sector is likely to be driven by aversion to cyclicals and anything Euro-related.”

(see related telecom stock research: Telephone Dividends Beat Banks)

Adobe Systems (ADBE) — Morgan Stanley raised estimates modestly today.  Wall Street consensus estimates are significantly higher than those of Morgan Stanley.  “The focus for ADBE investors remains the opportunities and risks associated with the shift to cloud services, and the doubling down on Digital Marketing — a newer growth area.  While we think ADBE is uniquely positioned in both areas, we’d like to see more evidence of execution to buy the stock.”  —  Morgan Stanley Research, Dec. 16, 2011