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$GPC said that for FY16, the company expects corporate expense to be in the $110-120MM range. The company expects its tax rate to increase over the balance of the year and is projecting a 37% tax rate for FY16. $GPC continues to expect cash from operations to be in the $0.9-1Bil range for FY16 and free cash flow to be in the $400-450MM range.
$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.