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$NSC expects volumes to improve slightly in 3Q16 from 2Q16 but economic challenges continue to dampen volume expectations. In 4Q16, comparisons will be easier versus last year during which time volumes were impacted by Triple Crown restructuring, warm weather, commodity price declines and higher inventories.
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.