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Pennsylvania-based chocolate maker $HSY said that its adjusted gross margin increased 30 BPS to 44.2% in 4Q15, but missed its expectations. Higher pricing, slightly favorable input costs and productivity savings partially offset unfavorable sales mix and other supply chain costs to increase gross margins.
$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.