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$BABA 1Q16 Call: Cloud computing and internet infrastructure revenue grew 106% YonY. Other revenue grew 82% YonY. In 2016, BABA will continue to invest a portion of free cash flow in new business and the growth of company’s new investment spending to grow as a percentage of revenue. Generated free cash flow of RMB 9.5Bil. CapEx was RMB1.8Bil.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!