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$MON anticipates total FY16 OpEx to be up 2-4% vs. FY15. The $100MM of first year OpEx savings from its restructuring actions are not expected to fully offset the increases from inflation & investments in growth platforms in FY16. By FY17-end, $MON expects the first phase of restructuring actions to deliver about $275-300MM savings across its P&L.
$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.