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$TJX anticipates capital spending for FY16 to be approx. $975MM. In 1H16, $TJX purchased $226MM of investments compared to $194MM in the comparable prior year period. This was primarily related to short-term investments which had initial maturities in excess of 90 days and are not classified as cash on balance sheet.
Visa ($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.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.