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Morgan Stanley analyst Matthew Granger asks $K how improving mix & revenue management will bridge the gap to get to 18% target of expense savings. $K says that looking to 2017-2018, it has cost savings of between $130-150MM. $K is putting effort behind revenue growth management to generate stronger price & mix to achieve the margin expansion goal.
$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.