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$WDC expects to achieve $350MM of savings on COGS on an annualized basis, of which 50% will occur by end 2016 and balance by end 2017, versus earlier estimate of $250MM by end 2017. $WDC expects cash expense to achieve these savings to be about $800MM, and expects 60% of the savings to be incurred in 2016 and balance in 2017.
$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?