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Simeon Gutman of Morgan Stanley asks about food deflation. $COST said it believes the food deflation could last for another 5-6 months. In items such as meat, every month, the company sees around 10% drop in price per pound and a 3-5% increase in labor productivity per pound and less efficiency. This hits profitability.
$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.