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Automaker $F reported an decrease in 2Q16 earnings on higher costs and expenses, unchanged wholesales, lower market share and a fall in operating margin. Net income fell to $1.97Bil or $0.49 per share from $2.16Bil or $0.54 per share last year. Revenue grew to $39.49Bil from $37.3Bil. EPS, excluding special items, slid by 2 cents to $0.52.
$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?