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As a percent of net sales, $HD's 2Q15 gross profit rose 6 points on supply chain benefits driven by higher productivity and lower fuel costs as well as lower shrink. On strong expense controls, SG&A fell 1 point. Depreciation and amortization remained unchanged reflecting expense leverage resulting from positive comparable store sales environment.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?