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Ben Bienvenu of Stephens Inc. asks about comp sales improvement in 2H16. $FRED said it initially expected 3Q16 to be worse than 4Q16 but the environment has changed and there is more competition in its category. Although $FRED expects comps to be better, with the investment in price, it does not expect any big improvement in profits.
$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?