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$GM said Cadillac deliveries in July jumped 90% YoverY to 8,757 units. Demand for both the ATS-L luxury sedan and XT5 luxury crossover topped 2,600 units, while sales of XTS luxury sedan increased 54% from last year. Buick deliveries in July totaled 89,404 units, an increase of 30%, led by the Excelle GT and Envision.
$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.