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$FCX, which sold its 13% interest in Morence JV for $1Bil, said that it plans to use the net proceeds of approximately $1Bil to repay $0.5Bil in borrowings under the bank term loan with the balance to reduce amounts drawn under its revolving credit facility. $FCX expects around $0.6Bil after-tax gain on this deal in 2Q16.
$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.