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Asset manager $BLK reported a 6% rise in 4Q15 earnings as organic growth and improved alpha-generation more than offset impact of market and foreign exchange volatility. Net income rose to $861MM or $5.11 per share from $813MM or $4.77 per share last year. Revenue grew by 3% to $2.86Bil. However, adjusted EPS fell to $4.75 from $4.82.
$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?
$AVGO 4Q results beat analyst’s expectations again this time. Time to make some hay while the sun shines ;)