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$HON's free cash flow for 3Q15 was $1.4Bil, which is up 43% from 2014, with conversion of 110%. This was largely driven by the improvement in net income and working capital. Free cash flow conversion is expected to continue above 100% in 4Q15. $HON also expects acquisition of Elster will add $2Bil in sales next year at approx. 20% operating margin.
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.