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$MJN said that its strategy to drive growth of higher value product and product forms is working. This helps offset the impact of increased investments above the net sales line. The company's Fuel for Growth cost reduction initiative drove significant reduction in SG&A. Overall, these costs were down 9% from constant dollars in 2Q16 vs. 2Q15.
$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.