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Simeon Gutman of Morgan Stanley asks about flattish operating income target in FY17. Sharon McCollam, CFO of $BBY said that from a working capital point of view, the accounts payable to inventory ratio in FY16 was very low due to the shift of Super Bowl. In FY17, Super Bowl will be around the same time, but $BBY will expects to increase the ratio.
$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!