Microsoft Said to Be Developing Its Own Smart Watch and 2 Other Dow Movers to Follow
Microsoft Corp. (NASDAQ:MSFT): Current price $36.07
The Street says that Microsoft is reportedly coming up with a smart watch of its own. Expected to be based on Windows 8, the new wrist computer will depend very much upon Surface touchscreen tech. A number of industry reports say that Microsoft’s next generation of watches will run on a version of Windows 8 and will utilize technologies like those inside Surface tablets. The devices may also connect to computer sources by means of Wi-Fi and Bluetooth.
Pfizer Inc. (NYSE:PFE): Current price $28.83
Pfizer announced Monday that tofacitinib has been OK’d for the treatment of rheumatoid arthritis in patients who had an inadequate response to existing therapies in a number of countries including Switzerland, the first European nation to receive approval. Tofacitinib 5 mg BID has also been cleared in Argentina, Kuwait, and the United Arab Emirates, and tofacitinib 5 mg and 10 mg BID has been approved in Russia.
Bank of America Corp. (NYSE:BAC): Current price $13.93
Wall Street anticipates that BofA will report earnings that are up when it posts its second-quarter earnings Wednesday. The consensus is 25 cents per share versus earnings of 19 cents per share one year ago. For the fiscal year, analysts forecast earnings of 90 cents per share, as well as for revenue to fall by 14 percent year-over-year to $22 billion for the quarter, having been $26 billion in 2012. Revenue is predicted to stand at $91 billion for the year.