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Bank of America analyst Bryan Spillane questions $GIS on what the sustainable sales growth would be when consumer spending might come down. CFO Donal Mulligan says that advertising spend in aggregate will be down a little bit. $GIS focused on its ad spend and will actually grow on the areas where there is highest returns and possibility of growth.
$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.