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Evercore ISI analyst Greg Melich questions what drove margins or SG&A in the retail business. $SPLS says that profitability was driven by sales causing deleverage on some of the fixed cost during 2Q16. GM pressure from sales declined. The company says that team did a great job leveraging things like labor and marketing expense.
$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?