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Luxury lifestyle brand $KORS' FY16 revenue grew 7.8% versus FY15, mainly due to increase in non-comparable retail store sales and wholesale sales. FY16 included incremental net retail sales attributable to the 53rd week and incremental revenue due to consolidation of MK Panama and acquisition of MK Korea in FY16.
$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?