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Paul Trussell of Deutsche Bank asks for some broad color on guidance. $COST said it expects an improvement in the SG&A component called merchant and bank fee. The company expects increases in international membership fee and this will improve over a nearly two-year period. There are also some other small items which are positive.
$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.