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For 2016, $MMM expects foreign currency translation to remain a headwind thereby reducing sales in US dollars by 1-3%. Acquisitions, net of divestitures will add 1% to sales growth in this period. The company expects 2016 tax rate to be 29.5-30.5% and free cash flow conversion rate to be 95-105%.
$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.