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$ATI expects pre-tax, non-cash impairment charges of $470MM for idled facilities and pre-tax shutdown and idling costs of $34MM. Company expects $183MM, or $1.71 per share, in non-cash income tax allowance related to US federal tax benefits. Total charges are expected to be $4.89 per share, of which $4.83 is expected in 3Q16 and rest in 4Q16.
$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?