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On July 11, 2016, the IRS approved a final settlement for $TXT's 1998-2008 tax years. Due to this, in 3Q16, $TXT expects to record an income tax benefit, including reversal of accrued interest, of approx. $315MM, of which approx. $200MM or $0.74 per share is attributable to continuing operations.
$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?