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$TSCO expects FY16 EBIT margin to improve about 10-15 BPs. Tax rate is expected to be 36.8% for the year. Company projects FY16 diluted shares outstanding to be $134.5-134.8MM. In 4Q16, $TSCO has 53rd week and an additional comp sales day, and the additional sales week is expected to provide $0.03-0.04 increase to EPS.
$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.