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Stifel Nicolaus analyst Annabel Samimy questioned on balancing the cash generation. $ENDP said that investing in R&D pipeline both in XIAFLEX as well as Par are going to be the priority, which will be balanced and will be the most important uses of cash. The company said it will look for bolt-on acquisition in future when it has excess of cash.
$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.