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For 2016, $LEN expects deliveries to be 26,500-27,000 homes. Backlog conversion ratio is expected to be around 75% in 3Q16 and for 4Q16, it is expected to be at least 90%. Operating margins are expected to be flat to down 50BP for 2016. GM in 3Q16 is expected to be 22.5-23% while for 4Q16, it is expected to be 23.5-24%.
$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.