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Cowen & Co. analyst Gregg Moskowitz asks $MSFT to provide color on CapEx requirements over the course of next year. CFO Amy Hood says that many assets, including increased usage of consumer properties inside of Productivity Business & Office requires capital spend. So, growth is broad based to support & it's about continuing to benefit from scale.
$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.