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Global paper and packaging company $IP reported a drop in 2Q16 earnings due to sale of the IP-Sun joint venture and the sale of the Carolina Coated Bristols business. Net income fell to $40MM or $0.10 per share from $227MM or $0.54 per share last year. Net sales slid to $5.32Bil from $5.71Bil. Operating EPS declined to $0.92 from $0.97.
$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?