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During 1Q16, $ESS said that in Northern California, the City Council in San Jose has amended the existing rent stabilization ordinance to lower the maximum rent increase on renewals to 5% from 8%. This ordinance contains a provision to bank or accumulate up to 8% of potential rent increases to be used when market rent increases are below 5%.
$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!