HALISTER: Home Depot Rises as Co. Boosts Yr Views After 1Q Beats Ests.

Home Depot Rises as Co. Boosts Yr Views After 1Q Beats Ests.

(Bloomberg) -- Home Depot forecasts FY17 EPS $6.27, saw $6.12-$6.18, in Feb. est. $6.22. HD up 2.7% pre-mkt.
  • Sees yr net sales up 6.3%, saw up 5.1%-6%, est. up 6%
  • Raises yr comp. sales est. to +4.9%, saw +3.7%-4.5%
  • 1Q adj EPS $1.44, est. $1.35 (range $1.30-$1.40)
  • 1Q rev. $22.8b, est. $22.4b (range $21.93b-$22.85b)
  • 1Q total comp. sales 6.5%, est. 4.4% (Consensus Metrix, avg of 23)
    • 1Q U.S. comp. sales +7.4%, est. +4.9%
  • 1Q avg ticket up 2.4% to $60.03
  • Call 9am, (913) 312-6646 pw 1984365
  • NOTE: LOW reports 1Q pre-mkt May 18
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
HD US (Home Depot Inc/The)

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UUID: 7947283

HALISTER1: INSIDE G-10: GBP Gains as Poll Shows Remain Camp Widens Lead

INSIDE G-10: GBP Gains as Poll Shows Remain Camp Widens Lead

(Bloomberg) -- GBP outperforms G-10 currencies after poll shows U.K. voters likely to vote to stay in the EU; AUD advances for a second day after minutes from the RBA policy meeting suggest the bar for a rate cut in June may be high.
  • European stocks up about 0.6%, buoyed by risk appetite; crude oil rises to approach $50/bbl
  • GBP/USD up 0.6% to 1.4484; traders report heavy two-way flows
    • Buy stops on GBP were triggered after ORB/Telegraph poll showed 55% would vote for the U.K. to remain in the EU vs 40% opting for an exit
    • Cable trims gains after data shows U.K. inflation was 0.3% last month versus median forecast of 0.5%
    • Resistance at 1.4500, the 38.2% Fibonacci retracement of drop since May 3 and 1.4531, the high on May 12
    • Pound most correlated to EM currencies since the financial crisis
    • GBP/USD could continue grinding higher after successful test and bounce at 100-DMA, charts suggest
  • AUD/USD up 0.5% to 0.7328
    • Minutes show the RBA had considered holding at the May policy meeting to await more information; RBA actually cut benchmark rate by 25 bps at the review
    • AUD rally a good opportunity to position for further weakness in the currency: BNP Paribas
    • ABN Amro cuts AUD/USD forecasts; sees support above 0.70
  • USD/JPY up 0.5% to 109.61; yen falls most vs USD among G-10 currencies amid risk-on sentiment
    • Pair testing key resistance; next level in sight is 110.39, 76.4% Fibonacci retracement of April 28-May 3 drop
    • Japan 1Q GDP data due tomorrow amid speculation there may be a delay to planned sales-tax increase, but PM Abe says nation will go ahead unless there is a serious event
  • EUR/USD little changed at 1.1326 vs 1.1311-1.1340 range
    • Offers accumulating near 1.1400; corporate and leveraged offers at 1.1325-35 filled as London session started: traders
    • EU640m worth of options expire today at 1.1275-80: DTCC
    • IMF is pressing the euro zone to let Greece skip paying interest or principal on bailout loans until 2040, WSJ reports
  • BBDXY little changed at 1,187.11 vs 1,184.13-1,187.49 range
    • China likely to increasingly anchor yuan to currency basket; USD strength likely with possibly two Fed rate increases this year, says Marc Chandler, head of currency strategy at Brown Brothers Harriman
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Marc Chandler (Brown Brothers Harriman & Co)

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UUID: 7947283

HALISTER: BlackRock’s Fink Expresses Concern About China's Rising Debt (1)

BlackRock’s Fink Expresses Concern About China's Rising Debt (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BLK US (BlackRock Inc)

People
Laurence Fink (BlackRock Financial Management Inc)
Crispin Odey (Odey Asset Management LLP)
George Soros (Soros Fund Management LLC)
J Bass (Hayman Capital Management LP)
William Ackman (Pershing Square Capital Management LP)

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UUID: 7947283

HALISTER: JPMorgan’s Top Malaysia Dealmaker Yahya Said to Be Leaving Firm

JPMorgan’s Top Malaysia Dealmaker Yahya Said to Be Leaving Firm

(Bloomberg) -- Didi Yahya, head of Malaysian investment banking at JPMorgan, is leaving firm after >20 years, according to people with knowledge of the matter.
  • Yahya, who was a managing director at the bank, is leaving this week, one of the people said, asking not to be named as the information is private
  • Chris Cockerill, a Singapore-based spokesman for JPMorgan, declined to comment
  • A message sent to Yahya’s work e-mail address was returned as undeliverable
  • NOTE: JPMorgan Southeast Asia Corp Finance Head Chua Said to Depart
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
JPM US (JPMorgan Chase & Co)

Topics
Management Changes
Financial Firm Departures
Who's News - People

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UUID: 7947283

HALISTER: UniCredit Rises on Board Changes Report; Cap, Strategy in Focus

UniCredit Rises on Board Changes Report; Cap, Strategy in Focus

(Bloomberg) -- UniCredit rises as much as 3.9% after Sole reported bank’s top investors met to discuss board reshuffle; vol. ~14% of 3-mo. daily average after 22 mins of trading.
  • Banca IMI (hold), Equita (hold) say potential changes in management team may speed up process toward a rights issue
    • Banca IMI highlights capital hike would be aimed at strengthening the capital base that currently offers a limited buffer (25bps) on SREP requirements
    • Equita calculates EU5b would be needed to increase CET1 at 12% with dilution of 10% on P/TE and ROTE 2017 from 7.6% to 6.5%
  • Banca Akros (buy) says a change at the helm may relaunch group; still, a capital increase at current market prices would be highly dilutive for shareholders
    • Notes stock cheap
RELATED:
  • May 13: UniCredit Capital Target Looking a Bit Less Safe, Barclay Says
  • UniCredit is trading on 5.6x next year’s earnings vs 8.8x for the Stoxx 600 Banks index according to Bloomberg data
  • Stock has fallen 12% month-to-date vs a 5.4% fall in Stoxx 600 Banks index; is down 42% YTD vs a 21% fall in SX7P index
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
UCG IM (UniCredit SpA)

Topics
Management Changes

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UUID: 7947283