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Property and casualty insurer $CB reported a 35.6% drop in 1Q16 earnings due to continued foreign exchange headwinds and integration-related activities as well as market conditions. Net income fell to $439MM or $0.97 per share from $681MM or $2.05 per share last year. Operating EPS rose to $2.26 from $2.25.
$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?