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Automaker $F reported an increase in 1Q16 earnings on higher revenue, higher wholesales, market share and improved margin. Net income rose by $1.3Bil to $2.5Bil and EPS rose to $0.61 from $0.29. Revenue grew to $35.2Bil from $31.8Bil. EPS, excluding special items, rose 39 cents to $0.68 from last year.
$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?