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$HSY estimates full year 2016 constant currency net sales growth of approx. 2.5%, including a 0.5% net benefit from acquisitions and divestitures. $HSY expects a 1% unfavorable impact from FX. Excluding FX and the barkTHINS acquisition, full-year net sales are expected to increase about 2%. Adjusted diluted EPS is expected to be $4.24-4.28 in 2016.
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.