Updating Adobe Systems Inc., McDonald’s Corp., Intel Corp., and Ameriprise Financial Inc.

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ADOBE SYSTEMS INC. $42 (Nasdaq symbol ADBE; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 588.0 million; Market cap: $24.7 billion; WSSF Rating: Average) earned $0.30 a share in its first fiscal quarter ended March 2, 2007, down 6.3% from $0.32 a year earlier. These figures exclude costs related to the integration of Macromedia Inc. and other unusual items. Revenue fell 0.9%, to $649.4 million from $655.5 million. Customers are holding off upgrading their photo editing and design programs until Adobe releases new versions later this year. The company continues to spend over 20% of its revenue on research, so it’s more profitable than it looks. But at nearly 50 times earnings, the stock is vulnerable to bad news. Adobe also faces competition from freeware versions of some of its software. Adobe is a hold. MCDONALD’S CORP. $45 (New York symbol MCD; Conservative Growth Portfolio; Consumer sector; Shares outstanding: 1.2 billion; Market cap: $54.0 billion; WSSF Rating: Above average) continues to benefit from…