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Provider of lawn & garden maintenance products $TSCO gave out a business update for 3Q16, wherein net sales is expected to rise approx. 4.2-5.0% to $1.54-1.55Bil from $1.48Bil in 3Q15. Comparable store sales is expected to range from flat to a decrease of 1% vs. 3Q15, while diluted EPS is expected to be $0.65-0.67 as a result of lower sales.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.