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$MCK 1Q16 Call: Total adjusted operating expenses of $1.8Bil were down 5% for 1Q16 on a reported basis and up 1% on a constant currency basis. Adjusted other income was $13MM. Interest expense of $89MM, decreased 7% on a reported basis. Adjusted tax rate was 31.1% and for FY16, we continue to expect adjusted tax rate of 31.5%.
$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?