HALISTER1: CANADA ECO PREVIEW: Consumer Price Index Due in 5 Minutes

CANADA ECO PREVIEW: Consumer Price Index Due in 5 Minutes

(Bloomberg) -- Canada’s consumer price index seen rising 2.1% y/y in February, same as January (forecast range 1.7% to 2.4%).
  • Recent economic data “has been too strong for markets to completely abandon the tightening narrative” for the Bank of Canada: TD Securities

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Durable Goods Orders Due in 5 Minutes

U.S. ECO PREVIEW: Durable Goods Orders Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Durables 1.4% m/m; range -0.7% to 3.5% (80 estimates)
  • Durables Ex-Trans 0.6% m/m; range 0% to 2.3% (55 estimates)
  • Cap Gds Nondef Ex Air 0.5% m/m; range -0.2% to 1% (23 estimates)
  • Cap Gds Ship Nondef Ex Air 0.2% m/m; range -0.4% to 0.7% (8 estimates)
    • "The focus on the durable goods report should be whether the ebullient gains in the sentiment surveys have permeated into the indicators of actual manufacturing output and new order demand": Bloomberg Intelligence
    • In January, orders rose 2 percent, the first increase in three months, led by commercial aircraft

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Under Armour Gains Pre-Mkt as Jefferies Raises Rating to Buy

Under Armour Gains Pre-Mkt as Jefferies Raises Rating to Buy

(Bloomberg) -- Under Armour shares have become a buying opportunity as a bottom has now formed in the stock, Jefferies says in note; shares are up ~4% pre-mkt after closing at the lowest level since August 2013 on Thursday.
  • Cites survey of 2,000 consumers showing the UAA brand has strengthened and athletic apparel demand is robust
  • Says UAA is “one of the few brands that matter” in the athletics space
  • Revises 2018 EPS forecast to 13% above consensus
  • PT raised to $27 from $19
  • UAA has 8 buys, 22 holds, 5 sells; avg. PT $21: Bloomberg data
  • Shares down 35% YTD vs S&P 500 Consumer discretionary index up 6.2%
  • NOTE: Nike Analysts Defend Ratings, Whatever They Are: Street Wrap

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
UAA US (Under Armour Inc)

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UUID: 7947283

HALISTER1: *TRANSCANADA GETS PRESIDENTIAL PERMIT FOR KEYSTONE XL PIPELINE

*TRANSCANADA GETS PRESIDENTIAL PERMIT FOR KEYSTONE XL PIPELINE

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
TRP CN (TransCanada Corp)

People
David Moneta (TransCanada Corp)
Donald Trump (United States of America)
Russell Girling (TransCanada Corp)
Stuart Kampel (TransCanada Corp)
Terry Cunha (TransCanada Corp)

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UUID: 7947283

HALISTER: Air Products Says Not in Best Interest to Pursue Yingde Deal

Air Products Says Not in Best Interest to Pursue Yingde Deal

(Bloomberg) -- Air Products determined it is not in the best interests of Air Products’ shareholders to continue to pursue an acquisition of Yingde Gases at this time.
  • APD deadline for new Yingde bid had been April 10
  • NOTE: March 8, Yingde Investors Oust Chairman Zhao in End to Battle for Control
    • Jan. 20, Yingde Gases Jumps 25% After Air Products Offers HK$5.5/Share

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
APD US (Air Products & Chemicals Inc)
2168 HK (Yingde Gases Group Co Ltd)

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UUID: 7947283