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$TJX expects 4Q16 pre-tax profit margin in the 11.3-11.5% range vs. 12.4% last year. Gross profit margin to be in the range of 27.7-27.8% vs. 28.2% last year assuming foreign currency pressure & additional supply chain costs. Despite these headwinds, $TJX expect underlying merchandize margins to remain strong.
$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?