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Tobacco giant $MO reported a 0.9% rise in 4Q15 earnings due to higher income in smokeable and smokeless products and 2014 loss on early extinguishment of debt. Net income rose to $1.25Bil or $0.64 per share from $1.24Bil or $0.63 per share last year. Revenue increased by 1% to $6.32Bil. Adjusted EPS grew by 1.5% to $0.67.
$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?