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Matt of Buckingham Research probes on the share buybacks, first time in a while, if it is recognition of an unattractive M&A environment. $CAL said it's the company realizing the current valuation that is a good buy. So $CAL is in the market & hence bought 450,000 shares. $CAL would expect that to continue as part of the capital allocation policy.
$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.