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Evercore ISI analyst Greg Melich questions what drove margins or SG&A in the retail business. $SPLS says that profitability was driven by sales causing deleverage on some of the fixed cost during 2Q16. GM pressure from sales declined. The company says that team did a great job leveraging things like labor and marketing expense.
$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?