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Joshua Shanker of Deutsche Bank asks about the relative valuation of Diamond Offshore. $L said when it bought back the shares of Diamond, it did not anticipate the decline in offshore drilling, the decline in oil prices and the cut in the capital budgets of oil companies. Now $L has a more clear picture of the position of this business.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.