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$JCP expects full year 2016 comparable store sales to increase 3-4%. Gross margin is expected to increase 10-30 BPs and SG&A dollars are expected to decrease versus 2015. The company expects 2016 EBITDA to be $1Bil and adjusted EPS to be positive for the year. Free cash flow is expected to improve versus 2015.
$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?