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Deane Dray of RBC Capital Markets probes on the lowered tax expectation. CFO Nicholas Gangestad answered that increased employee stock option exercises brought $MMM's tax rate down lower than what it was expecting for 2Q16. Because of this, the company lowered its tax rate guidance for the entire year.
$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.