HALISTER1: Australian Rate-Sensitive Stocks Oversold, Macquarie Says

Australian Rate-Sensitive Stocks Oversold, Macquarie Says

(Bloomberg) -- Interest-rate sensitive stocks aren’t cheap but they are oversold on technical indicators, according to report from Macquarie Wealth Management.
  • Macquarie Atlas Roads, Sydney Airport, Transurban among a small number of rate-sensitive stocks “flashing strong valuation signals”
  • Macquarie Wealth says it’s favoring a lower growth, lower bond yield and lower A$ environment that is supportive for infrastructure and utilities over REITs
  • Commodity stocks including BHP Billiton, Fortescue, Rio Tinto will continue to be supported
  • Unexpected U.S. election result has strengthened case for RBA to cut rates in 2017, now expect 25bps cut in Feb and 25 bps cut in May
  • NOTE: Nov. 10, U.S. VOTE WRAP: Gold, Yield Stocks Seen Best ASX Plays on Trump
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
FMG AU (Fortescue Metals Group Ltd)
MQA AU (Macquarie Atlas Roads Group)
RIO LN (Rio Tinto PLC)
TCL AU (Transurban Group)

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UUID: 7947283

HALISTER: Disney 4Q Rev. Misses Est.

Disney 4Q Rev. Misses Est.

(Bloomberg) -- Disney 4Q rev. $13.1b, est. $13.5b
  • 4Q adj. EPS $1.10
  • 4Q free cash flow $2.75b, est. $2.31b (3 ests.)
  • 4Q parks and resorts rev. $4.39b, est. $4.67b (Bloomberg News)
    • 4Q studio entertainment rev. $1.81b, est. $1.77b
    • 4Q media networks rev. $5.66b, est. $5.60b
    • 4Q consumer/interactive rev. $1.29b, est. $1.48b
    • 4Q parks & resorts oper income $699m, est. $767m
    • 4Q studio entertainment oper income $381m, est. $450m
    • 4Q media networks oper income $1.67b, est. $1.57b
    • 4Q consumer/interactive oper income $424m, est. $420m
Statement
  • 18 buys, 17 holds, 2 sells before today
  • Call 5pm (NY time), (888)-771-4371 pw 43349437
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DIS US (Walt Disney Co/The)

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UUID: 7947283

HALISTER1: 46% of Fund Managers See Lower Odds of December Hike: BofAML

46% of Fund Managers See Lower Odds of December Hike: BofAML

(Bloomberg) -- 46% of fund managers surveyed from Wednesday-Thursday see lower odds of a December rate increase; 14% see odds higher, 39% said views hadn’t changed, BofAML strategists led by Michael Hartnett write in note Thursday.
  • 59% of investors said Trump win will not affect their cash holdings
  • 46% said Trump will most likely pass tax repatriation/infrastructure spending bill in first 100 days
  • Most popular post-election trades were buying S&P 500 Index, USD, and buying gold/selling risky assets
    • Very few bought USTs or EU and EM equities
  • 57% said U.S. election doesn’t mark peak in global political risk premium
  • NOTE: Survey, conducted by e-mail, included responses from 114 investor clients
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Michael Hartnett (Bank of America Corp)

Topics
BGOV Finance

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UUID: 7947283

HALISTER1: Texas Transportation Commission - IH 35E Managed Lanes Project: Finalized Presale Report

Texas Transportation Commission - IH 35E Managed Lanes Project: Finalized Presale Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
140370MF US (Texas Transportation Commission State Highway Fund)

People
Grant Headrick (DBRS Ltd)
Priscilla Ntiamoa (DBRS Ltd)

Topics
Fixed Income Research
Credit Analysis Research
Credit Research
Investment Research
Issuer Focused Research

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UUID: 7947283

HALISTER1: TSS’s NetSpend Says It Plans to Contest FTC Complaint

TSS’s NetSpend Says It Plans to Contest FTC Complaint

(Bloomberg) -- NetSpend says it intends to “vigorously” contest FTC complaint regarding marketing materials, consumer deception and fraud controls, and has “substantial defenses to do so.”
  • “NetSpend takes seriously and carefully adheres to these legal mandates to fight identity theft, money laundering and terrorist financing and believes that no one was deceived or harmed by the company’s compliance with these legal obligations”
  • Shares had been higher by as much as 2.2% before trading down to as low as -1.4%
  • Earlier, FTC Alleges TSS’s NetSpend Denied Debit-Card Fund Access
  • Nov. 4, Total System Services in Talks With FTC on Marketing Complaint
Statement
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
TSS US (Total System Services Inc)

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UUID: 7947283