• TJX (NYSE:TJX) posted a larger-than-anticipated profit as demand for discounted consumer products continued. The firm said it sees fourth-quarter earnings of 65 cents to 71 cents a share from continuing operations
• Saks (NYSE:SKS) reported a surprise quarterly profit
• Microsoft (NASDAQ:MSFT) shares rose 3.0%, and led the gainers on the DJIA, after Morgan Stanley (NYSE:MS) and UBS (NYSE:UBS) recommended the shares. Morgan Stanley’s analyst raised the price target on the stock due to encouraging demand for Windows 7 and upbeat expectations for holiday season demand. UBS’ analyst placed a $34 price target on the shares
• Barclays Capital (NYSE:BCS) raised ExxonMobil (NYSE:XOM) to “overweight”
• Autodesk (NASDAQ:ADSK) offered a slightly downside fourth-quarter guidance of 24 cents a share ex-items
• Salesforce.com (NYSE:CRM) said it sees fourth-quarter earnings of 14 cents to 15 cents a share, versus Street estimates of 15 cents a share
• BMO Capital downgraded Research in Motion (NASDAQ:RIMM) to “market perform” from “outperform,” cutting the price target to $64 from $100
• A counter-offer to Kraft’s (NYSE:KFT) hostile, $16 billion Cadbury (NYSE:CBY) offer may be in the works from Hershey (NYSE:HSY) and Ferrero
