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In 1Q16, $MMM purchased $1.227Bil of its stock. As of March 31, about $9.6Bil was available under the Feb. 2016 authorization. $MMM expects to purchase $4-6Bil of stock in 2016. $MMM expects to contribute $200-400MM to its defined benefit pension and postretirement plans in 2016 and expects the expense to fall by about $320MM pre-tax versus 2015.
$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.