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$ROST 1Q15 10-Q: Effective tax rate for 1Q15 was approx. 39% vs. 38% in 1Q14. Anticipates effective tax rate to be 37-38% for FY15. Cost of goods sold up $159MM vs. 1Q14, mainly due to increased sales from opening of 90 net new stores between May 3, 2014 and May 2, 2015 and a 5% increase in comparable store sales.
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.