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Matthew Boss of JPMorgan asks about the traffic and comp trends seen in 2Q16 so far versus 1Q16. $LULU CFO Stuart Haselden said the traffic was softer in 1Q16 versus 4Q15 and it was softer late in 1Q16, which persisted into the first couple of weeks of May and 2Q16. He added that there has been a mixed trend in traffic in the first part of 2Q16.
$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.