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Maker of industrial equipment and tools $GWW said it is lowering its GM expectations by 80 BP. For 2016, the company expects GM to be down 130-150 BP vs. 2015 results. For 2Q16, the company expects GM to be down 130-150 BP vs. 2Q15 and OpEx to sales to be down 40-60 BP. For 2016, $GWW expects to close 50 more branches in the US.
$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.