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Paul Trussell of Deutsche Bank asks for an update on gross margin. $JCP CFO Ed Record said clearance was up for 1Q16, but the overpenetration in clearance was predominantly hit on margin. He added that the predominant reason for lowering margin guidance is around appliances rolling out and the impact it's going to have in 3Q16 and 4Q16 on margins.
$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?