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The U.S. Census Bureau and the Department of Housing and Urban Development revealed that privately-owned housing units authorized by building permits were at a seasonally adjusted annual rate of 1.289MM in Nov., up from 1.161MM in Oct. Housing starts rose 10.5% from the previous month, while housing completions fell 3.2%.
$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.