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Vivek Arya of BofA ML asks whether $MCHP sees enough interesting targets to go after. CEO Steve Sanghi said that the company does not have sufficient more cash and the management is very busy on consolidating 7 different business units of Atmel in all the financial, IT and other systems. He added that there is no shortage of interesting targets.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.