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$DG's gross margin for 2Q16 rose by 2 basis points to 31.2%. The rise was due to higher initial inventory markups and lower transportation costs, partially offset by higher markdowns, greater proportion of sales of consumables merchandise, which have lower gross profit rate than non-consumables merchandise, and increased inventory shrink.
$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.