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$MJN, the maker of Enfamil baby formula, said that 4Q15 sales on a reported basis was 12% below the 4Q14 with adverse FX rate decline of 6% similar to that of 3Q15. For the full year, sales on a reported basis were 8% below 2014, where the adverse FX impact on sales was 6% or $229MM.
$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?