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In 2Q16, $CAL's GM was 41.7% of sales, up 47 BPs YoverY, with both Famous Footwear and Brand Portfolio up 14 BPs and 85 BPs respectively, benefiting from improved product mix and focused inventory management with a reduction in overall markdowns. SG&A was 36.5% of revenue or $227.3MM and D&A rose 4% to $13.4MM.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.