Halister News

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:

• SPCS 20 0.7% m/m; range 0.3% to 0.9% (21 estimates)
• SPCS 20 5.4% y/y; range 5.1% to 5.8% (17 estimates)

(Bloomberg) -- TRIP’s instant booking business model has lower ROI than expected, Needham analyst Laura Martin writes in note; shares down 1.5% in pre-market trading.

• Other reasons for rating cut include:
• CPMs on mobile are monetizing at 1/3 the rate of desktop, presenting a revenue headwind
• Company’s strategic shift from review site to booking engine has been more expensive than hoped
• TRIP not positioned to win marketing war vs. PCLN or EXPE
• No incremental revenue seen benefiting shareholders in 2017
• Revenue, Ebitda multiples and P/E ratio makes stock expensive relative to peers
• NOTE: Feb. 22, TripAdvisor, Trivago Cut at Cowen Amid Travel Search ‘Meta Wars’

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:

• GDP 2.1% q/q; range 1.7% to 2.6% (72 estimates)
• PCE 2.6% q/q; range 2.2% to 2.9% (10 estimates)
• GDP Price Index 2.1% q/q; range 2% to 2.2% (19 estimates)
• Core PCE Prices 1.3% q/q; range 1.3% to 1.3% (5 estimates)

**"Minor upward revisions to net exports and inventories could reduce a drag to overall growth. However, the picture of only modest improvement in underlying momentum, as reflected in final sales to domestic purchasers, will remain intact": Bloomberg Intelligence

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:

• Adv Goods Trade Balance $-66b; range $-68.4b to $-63b (34 estimates)

Economic Release Details: {HBBRANN Index ECOD} --BALAZS PENZ

(Bloomberg) -- Changes to Financial Intelligence Centre Amendment Bill clarify behavior of inspectors conducting warrantless searches of financial institutions, Yunus Carrim, chairman of Parliament’s finance committee, tells lawmakers in Cape Town.

• “The issue of warrantless searches is not unconstitutional. We also conducted 10 hours of public hearings on the issue”
• President Jacob Zuma “now has the choice of either signing it into law or going to the Constitutional Court if he is unhappy with it”
• NOTE: Zuma returned the draft law to Parliament in November Link