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Restaurant company $CMG said it expects FY16 new restaurant openings in the range of 220-235 and anticipates an effective full year tax rate of approx. 39%. $CMG said it opened 79 new restaurants during 4Q15, bringing the total restaurant count to 2,010. Restaurant level operating margin fell 700 BP YoverY to 19.6% in the quarter.
$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?