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Michael Lasser of UBS asks about margins for 2H16. $AAP said there are 3 drivers. SG&A and supply chain deleverage will be the biggest driver of operating margins in 2H16. The second is investments in service and availability and the third is inventory which is expected to be up low single-digits by year-end. $AAP expects some strain on margins.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?