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Deutsche Bank's Karl Keirstead questioned on the gross margin percentage decline for FY17. $MSFT CFO Amy Hood said there was about 200 BP change in gross margin in 3Q16, entirely due to the shift to the cloud in both Productivity & Business Processes and Intelligent Cloud segments. This transition will be the main driver for gross margin decline.
$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?