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Wells Fargo analyst Jeffrey Donnelly questioned on the drivers of the reduction in stabilized yield in Pike & Rose project. $FRT CEO Donald Wood said the second phase of project has a significant residential component that is causing the reduction. The current situation is not the failure of the project, it is just market timing, Don said.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!