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$MEI, a maker of electrical components for the auto and computer industries, reported a decline in 4Q16 earnings due to lower sales from Power Products and higher pricing concessions in Automotive segment. Net income fell to $22.6MM or $0.60 per share from $26.6MM or $0.68 per share last year. Net sales slid to $212.8MM from $227.3MM.
$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?