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In Dec., $NOV reached a confidential settlement with one of its shipyard customers in Brazil to cancel 7 floating rigs being constructed which reduced backlog by nearly $1.2Bil and led to an year-end backlog of $6.1Bil for the Rig Solutions segment. At year-end, this backlog includes $1.75Bil for the remaining 15 rigs across 3 shipyards in Brazil.
$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.