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$FIVE ended 1Q16 with 458 stores, an increase of 73 net new stores or 19% versus 1Q15. Gross profit increased 27.8% to $60.3MM. GM increased by approx. 60BP to 31.3% driven by freight leverage and fixed cost leverage. Operating income increased 53.1% to $10.8MM or 5.6% of sales. Effective tax rate was 37.6% in 1Q16.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!