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3Q15 tax rate was 38.4% vs. 39.1% in 3Q14. For the full-year 2015, $GWW expects effective tax rate to be approx. 37.2-37.6%. At quarter-end, $GWW had 10.3MM shares remaining on the share repurchase authorization after it bought back 3.4MM shares of stock for a price of $735MM.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.