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$PVH said interest for 2016 is planned to be between $100-125MM compared to the prior year amount of $133MM. The company expects to generate approx. $500MM of free cash flow in 2016, which will be used with existing cash on hand to fund the acquisition of the remaining 55% stake in its Tommy Hilfiger joint venture. Tax rate is planned at about 20%.
$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.