HALISTER1: U.S. ECO PREVIEW: Initial 4Q GDP, Durable Goods Due in 5 Min.

U.S. ECO PREVIEW: Initial 4Q GDP, Durable Goods Due in 5 Min.

(Bloomberg) -- Gross domestic product seen at +2.2% in 4Q vs +3.5% in 3Q (forecast range +1.7% to +2.9%); data track value of all goods and services produced in U.S.
  • “Consumer spending, driven by durable goods strength, will remain the major contributor, while residential and inventory investment will support growth. No major input is expected from non-residential fixed investment. Net trade will likely provide a major offset": Bloomberg Intelligence
    • Factory orders for durable goods seen rising 2.5% in Dec. after falling 4.5% in Nov. (forecast range 0% to +7%); based on value of orders received for goods manufactured to last 3 or more years
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Abbvie 4Q, Year EPS View Meet Ests.; Rev Trails on Viekira

Abbvie 4Q, Year EPS View Meet Ests.; Rev Trails on Viekira

(Bloomberg) -- AbbVie 4Q adj. EPS $1.20, est. $1.20 (range $1.18-$1.26); co. forecast $1.18-$1.20 (Oct. 28).
  • 4Q adj. rev. $6.78b vs est. $6.9b (range $6.75b-$7.07b)
    • Humira rev. $4.29b, est. $4.27b
      • Humira U.S. revenue up 23.5% y/y
    • Imbruvica rev. $511m, est. $539.6m
    • Viekira rev. $311m, est. $362.9m
  • Sees 2017 adj. EPS $5.44 to $5.54 or 13.9% growth at midpoint, saw adj. EPS growth of 13%-15% (Jan. 11), est. $5.47 (range $5.28-$5.56).
  • NOTE: Forecast excludes 89c-share of intangible asset amortization expense, other items
  • ABBV +5.7% in 2016 vs S&P 500 Health Care Index (S5HLTH) -4.4%
  • Conf. call 9am, 877-934-8565 pw ABBVIE; Preview: Humira Revenue in Cross Hairs After 3Q Miss
Statement link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ABBV US (AbbVie Inc)
4523 JP (Eisai Co Ltd)

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UUID: 7947283

HALISTER1: *OMERS TO INVEST $1B IN ALLIED WORLD DEAL WITH FAIRFAX FINANCIAL

*OMERS TO INVEST $1B IN ALLIED WORLD DEAL WITH FAIRFAX FINANCIAL

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
FFH CN (Fairfax Financial Holdings Ltd)
AWH US (Allied World Assurance Co Holdings AG)
0629015D CN (Ontario Municipal Employees Retirement System)

People
John Varnell (Fairfax Financial Holdings Ltd)
V Watsa (Fairfax Financial Holdings Ltd)

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UUID: 7947283

HALISTER: Honeywell 4Q Adj. EPS Matches Est.

Honeywell 4Q Adj. EPS Matches Est.

(Bloomberg) -- Honeywell 4Q adj. EPS $1.74, est. $1.74 (range $1.72-$1.75)
  • 4Q EPS $1.34
  • 4Q sales $9.99b, est. $10.1b (range $10.1b-$10.2b)
  • Honeywell:Refinancing to Cut Expected 2017 Interest Expense 8%
  • Reaffirms Forecast
NOTE:
  • 20 buys, 6 holds, 0 sells before today
  • Call 9:30am (NY time), (800)-263-0877 pw HON4Q16
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
HON US (Honeywell International Inc)

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UUID: 7947283