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Sanford Bernstein analyst Stacy Rasgon asks $INTC what drove the deceleration in high growth parts of the cloud business into 2Q16. CEO Brian Krzanich says that the company forecasted a pause in purchasing based on what the big cloud players order. Based on this, $INTC expects a re-acceleration in 2H16.
$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.