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$GPS's 3Q15 gross margin was down 290 basis points to 37.3%, with about 60 basis points of the decline driven by foreign exchange. Merchandise margin deleveraged 240 basis points with the greatest pressure at Banana Republic. Rent and occupancy deleveraged 50 basis points.
$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.