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Teen clothing retailer $BKE reported a drop in 1Q16 earnings due to lower net sales and comparable store sales. Net income fell to $23.1MM or $0.48 per share from $33.57MM or $0.70 per share last year. Sales dropped to $243.54MM from $271.34MM. Excluding adjustment recorded for estimated future rewards, net sales were down 9.1%.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?