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$STX said that its non-GAAP operating expenses in 2Q16 were $453MM. On a YoverY basis, the company stated it has reduced its quarterly expense run rate by almost $100MM or 17%, reflecting reductions around the core business, adjacencies, restructuring activities and lower variable compensation.
$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?