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Kristen Stewart of Deutsche Bank asks for an update on capital deployment. CFO Karen Parkhill said the highest best use of its capital is to grow the intrinsic value of $MDT through reinvestment. She also stated that the company focuses on shareholder returns through dividends and share repurchases. $MDT also has a $5Bil commitment from FY16-FY18.
$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.