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Oliver Chen of Cowen & Co. asks for an update on the ladies business. $ROST said it believes the business has improved slightly in 2Q16. The assortments are moving in the right direction. $ROST believes it is addressing the correct issues in the assortment but it takes time to completely address the merchandise issues.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.