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Mitch Steves of RBC Capital Markets asks about the GM dynamics and the reason for the 100 BP increase. $SMTC said it was mostly a mix of the products that it shipped more of in 1Q17. And in the quarter there were some low margin products which were going to be in the revenue mix, but those were pushed out of the quarter, which helped GM.
$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.