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Merchandise store chain operator $FRED said total sales for July 2016 fell 7% to $154MM from July 2015. Comparable store sales for July fell 4.6% vs. last year. Total 2Q16 sales fell 3.4% to $527.7MM vs. last year. Comp store sales fell 2% vs. last year. Total 1H16 sales grew 2.1% to $1.07Bil vs. last year. Comp store sales fell 0.6% vs. last year.
$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.