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UBS analyst Brian Meredith asks how much of the YoverY increase in the loss ratios in the direct side is attributable to new business penalty. $PGR says that there is a bit of an uptick in frequency and severity. The company has some modest unfavorable developments for the year vs. a little less than 2 points of favorable developments last 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.