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In 3Q15, $CMG's general and administrative expenses were 5.8% of revenue, down 80 BPs from the prior year. Lower stock-based compensation expense and lower bonus costs are benefiting G&A for the quarter and for the YTD. During 2016 $CMG expects its G&A including stock based comp to grow at slower rate than sales.
$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.