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Airline holding company $UAL reported a steep fall in 2Q16 profit, hurt by lower revenue and higher income tax expense. The company posted earnings of $588MM, or $1.78 per share, compared with earnings of $1.19Bil, or $3.14 earnings per share a year ago. Revenue fell 5.2% to $9.4Bil while income tax expense jumped to $343MM.
$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?