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Cai Von Rumohr with Cowen asks about the reasons on the cutback of share repurchase from 1Q16 and thinking on cash deployment. $RTN said it front loaded the share repurchase based upon the timing of cash flows. So the company continues to see value in its stock & share repurchase will continue to be a core part of its capital deployment strategy.
$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.