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$UNFI said that 3Q16 GM fell 29 BP to 15.1% vs. 15.4% for 3Q15. The decrease in GM was primarily due to competitive pricing pressures, a reduction in fuel surcharges, moderated supplier promotional activity, and a shift in the mix of sales towards lower margin categories. Operating cash flow and CapEx were $81MM & $8.6MM, respectively for 3Q16.
Mr. Trump may introduce policies that could help dollar reach record highs, which could even drive Bitcoin more than $2,000 in the near future. Bitcoin adoption is increasing, and if emerging economies like China and Russia also accept Bitcoin as an alternative to dollar, Bitcoin will see this rise soon.
Seems like $AMD has hit the right wind. Its stock was up almost 9% to $9.45 on Tuesday following reports that it signed a licensing deal with Intel.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.