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$DKS now expects 3Q16 consolidated same store sales to increase about 2-3%, as compared to a 0.4% increase in 3Q15. $DKS expects to open about 25 new DICK'S Sporting Goods stores and relocate 4 DICK'S Sporting Goods stores in 3Q16. $DKS also sees to open about 7 new Field & Stream stores and 2 new Golf Galaxy stores.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
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%."