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$IR said it posted strong year-to-date free cash flow of $348MM, up $293MM from the prior year. The company said it is seeing the benefits of its focus on working capital management and its business operating system, and with that it is raising its free cash flow forecast to $1.0-1.1Bil in 2016, excluding the proceeds from the sale of Hussmann.
$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?