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$FDX's effective tax rate was 36.2% for 1Q16, lower vs. 1Q15 due to discrete tax benefits related to changes in valuation allowances required in certain entities and jurisdictions. $FDX expects tax rate for 2016 to be 36-37% prior to any year-end mark-to-market accounting adjustment for defined benefit pension and postretirement healthcare plans.
$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.