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Spam luncheon meat producer $HRL said its BoD approved a 2-for-1 stock split. The stock split, first approved on Nov. 23, 2015, is executed by splitting the par value of common stock from $0.0293-0.01465 per share and increasing the authorized shares from 800MM to 1.6Bil. Based on this the annual dividend rate will be $0.58 per share.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.