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Michael Binetti of UBS asks about $FL's composition of launches and inventory. CEO Richard Johnson said the team has done well on shifting inventory into some of the casual businesses and the launch cadence for the rest of the quarter lines up favorably.
$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.