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$AMZN expects 2Q16 net sales of $28-35.5Bil, or sales growth of 21-32% over last year. The company expects 2Q16 operating income of $375-975MM compared to $464MM in 2Q15. This guidance includes approximately $825 million for stock-based compensation and other operating expense or income.
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.