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Diversified healthcare company $JNJ reported a 11.5% drop in 2Q16 earnings due to higher research and development expense as well as intangible amortization expense and special items charge. Net income fell to $4Bil or $1.43 per share from $4.52Bil or $1.61 per share last year. Adjusted EPS increased to $1.74 from $1.71.
$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?