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Discount retailer $FRED reported a wider 2Q16 loss due to lower sales, and a 2% decline in comparable store sales. Net loss widened to $6.93MM or $0.18 per share from $4.88MM or $0.13 per share last year. Net sales slid by 3% to $529.5MM.
$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?