Adobe Systems (ADBE) closed Tuesday at $32.88. The 52-week low for the shares is $25.45 and the 52-week high is $37.30. That puts the stock roughly in the middle of the range, which isn't here nor there.

I usually like a quote to give me as much information as it can. I can usually tell more about the market's opinion if the price is closer to either the low or the high, and if the range isn't so tight.

Quarterly reports from Oracle (ORCL), Discover (DFS) and Tiffany (TIF) will highlight news on the earnings front this week.

Elsewhere on the economic calendar, the focus will be on housing, with existing home sales data due from the National Association of Realtors on Monday, new home sales numbers from the Census Bureau on Wednesday and data on housing starts released on Thursday.

Also watch for durable goods orders in February and the final GDP for the fourth quarter.

Adobe (ADBE) is famous for developing software tools used for the purpose of website designing, video editing, print layouts and digital publishing. Adobe's Creative Suite of software is used by creative professionals such as graphic designers and photographers, as well as hobbyists, to create visually rich print and online content. Such content includes photographs, videos, animations and mobile content. Adobe is the largest player in the creative software market and has around 46% market share. It competes mainly with Microsoft (MSFT), Apple (AAPL), Quark and Corel in this market.

Analyst Upgrades

• Wells Fargo (WFC) to conviction buy from neutral at Goldman.
• Adobe (ADBE) to buy from neutral at UBS.
• Fifth Third Bancorp (FITB) to outperform from market perform at FBR Capital.
• Vail Resorts (MTN) and Goldcorp (GG) to buy from hold at Deutsche Bank.
• OmniVision (OVTI) to overweight from neutral at JPMorgan.
• Penn Virginia (PVA) to hold from sell at Canaccord.
• Hub Group (HUBG) to outperform from market perform at Morgan Keegan.

Analyst Upgrades

• Xilinx (XLNX) to buy from hold at Auriga.
• Orion Energy (OESX) to buy from neutral at Roth Capital.
• Goodyear Tire (GT) to buy from fair value at CRT Capital.
• RadioShack (RSH) to neutral from underperform at Wedbush.
• Novo Nordisk (NVO) to buy from neutral at Goldman.

Analyst Upgrades

• General Electric (GE) and Barclays (BCS) to buy from neutral at UBS.
• Warnaco (WRC) to outperform from market perform and Melco Crown (MPEL) to market perform from underperform at Wells Fargo.
• Parker-Hannifin (PH) and Emerson Electric (EMR) to buy from neutral at Goldman.
• AMD (AMD) to buy from neutral at Nomura.
• Novellus (NVLS) and Sherwin-Williams (SHW) to equal weight from underweight at Morgan Stanley.
• OpenTable (OPEN) to outperform from market perform at Morgan Keegan.
• Skilled Healthcare (SKH) to buy from hold at Jefferies.
• Lear (LEA) to overweight from equal weight at Barclays.
• Adobe (ADBE) to buy from neutral at BofA/Merrill.

Shares of Adobe Systems Inc. (ADBE) are trading up nicely in after hours trading this afternoon after the company reported strong fiscal Q4 earnings following the market close.

Going into this afternoon's report, analysts had been expecting to see the company report earnings of $0.52 per share, with actual earnings coming in above expectations at $0.56 excluding special items.

Companies continue to file quarterly reports late in the season, and a few are poised to spread some early holiday cheer for investors this week. Analysts surveyed by Thomson Reuters expect strong earnings results from Nike (NKE), Bed Bath & Beyond (BBBY) and Darden Restaurants (DRI), among others. Here's a quick look (for more details, see the DailyFinance Week in Preview).

Analysts forecast Nike's fiscal-second quarter earnings to come in at 88 cents per share, a 13.6% increase from the same period of last year. The world's leading athletic footwear maker also is expected to post revenue of $4.8 billion for the three months that ended in November. That's 9.3% more than the same period a year earlier. Note that Nike's earnings have not fallen short of consensus estimates in the past five quarters.

When you write about Apple (AAPL), you inevitably hear from some naive person informing you that, "You just don't get it; Apple is different."

There are certainly many things about Apple that are very different, but in the context of the "you just don't get it" crowd, it is absolutely not. The same was said about Google (GOOG) only a short while ago, Xerox (XRX) three decades ago and Winchester -- now part of Olin Corp. (OLN) -- rifles 125 years ago.