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$ARG 1Q16 Call: Through June company repurchased 1MM shares on the open market for $104MM. Fiscal YTD, ARG acquired 9 businesses with aggregate annual sales of $74MM. Look positive about achieving of acquiring $100MM in sales during FY16. Strategic account sales up 3% YoverY. Sales of strategic products increased 4% from 1Q15.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.