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$TJX 2Q16 PR: Total inventories as of Aug. 1, 2015, were $3.7Bil vs. $3.4Bil at 2Q15-end. During 2Q16, TJX repurchased total of $440MM of TJX stock, retiring 6.6MM shares. For 1H16, TJX spent a total of $855MM in repurchases of TJX stock, retiring 12.7MM shares. Continues to expect to repurchase approx. $1.8-1.9Bil of TJX stock in FY16.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.