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$TJX said the company bought back $400MM of company stock during 2Q16, retiring 5.2MM shares. The company expects to buy back between $1.5-2Bil of $TJX stock in 2016. For FY17, the company said pre-tax profit margin is planned to be in the 11.2-11.3% range vs. 11.8% a year ago and gross profit margin is expected in the range of 28.6-28.7%.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.