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$AMG 2Q15 Q&A: Fannon of Jefferies asked about buybacks. Jay answered, AMG’s share count was 55.6MM. In 3Q15, expect the share count to come in because of the weighted average effect. The 125MM AMG repurchased was reflective of the fact that there was no material new investments in the period. Company’s first priority is new investments.
$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.