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Based on strong 1Q16 results, $CLX now anticipates modest increase in gross margin to about 25-50 BPs and continues to anticipate SG&A expenses slightly below 14% of sales in FY16. $CLX forecasts its FY16 tax rate on earnings from continuing operations to be between 34-35%.
$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.