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In 2Q16, $MDT generated $1.1Bil in free cash flow & expects to generate nearly $40Bil over the next 5 years. Earlier in FY16, the company increased its dividend by 25% & intends to reach a non-GAAP payout ratio of 40% within the next few years. $MDT will return at least 50% of free cash flow to shareholders through dividends and share repurchases.
$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.