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Morgan Stanley analyst David Lewis probes $MDT regarding FY17 free cash guidance, on the size and timing of anticipated buybacks and potential cash rates. CFO Gary Ellis says that free cash flow guidance will be $6.5-7.0Bil for FY17. The company is going to be more front-end loaded in share buybacks and tax rate is going to be relatively flat.
$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.