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$MCY restructured claims operations in states outside of California resulting in workforce reduction of about 100 employees on April 29. The affected employees were located in New Jersey and Florida offices. $MCY will record charge in 2Q16 of about $2MM for employment termination costs and to realize annual pre-tax savings of about $7MM.
$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.