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Maker of confectionery & beverages $MDLZ said that organic revenue grew 1.5% in 2Q16 including the negative impact of about 1 point from revenue management actions. The company's Power Brands drove top line, up 3% & in line with global categories. Emerging markets rose nearly 4%, fueled by currency-driven pricing in Argentina and Russian markets.
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.