HALISTER1: Brazil CPI Doesn’t Change Selic Call; Activity Is Decisive:Garde

Brazil CPI Doesn’t Change Selic Call; Activity Is Decisive:Garde

(Bloomberg) -- (Machine translation provided by Google and reviewed by Bloomberg editors.)
  • Market projection for the IPCA in 2017 should be revised down after a lower-than-expected result in January and could fall below the 4.5% target if the index continues to surprise positively in February. Activity, however, will be decisive for Selic, says Daniel Weeks, chief economist at Garde Asset Management, in a telephone interview.
  • “More than the full IPCA index, which was very low by January standards, the composition of the data was also very benign. The prices of services and the core gauges decelerated”
  • “The scenario is very positive for inflation. The stronger real and a possible fall in the price of gasoline can also help”
  • “The Central Bank could cut the Selic rate to 9% by the end of the year. And the bias for the rate is down ”
    • BCB should make two more cuts of 75bps; If inflation drops further, BCB can extend the 75bps cycle; BCB will only change cut to 100bps if the activity in the beginning of 2017 continues frustrating, as it did in the 2H16
    • Political news is also positive, with government showing strength after recess
    • “Definition of the calendar indicates that the government is confident in approving the reforms quickly”
  • NOTE: IPCA rises 0.38% in January; Est. 0.42%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Daniel Weeks (Garde Asset Mgmt)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Allergan 4Q Adj. EPS Beats Highest Est.

Allergan 4Q Adj. EPS Beats Highest Est.

(Bloomberg) -- Allergan 4Q adj. EPS $3.90, est. $3.75 (range $3.63-$3.85)
  • 4Q adj. rev. $3.86b, est. $3.77b (range $3.69b-$3.86b)
  • 4Q Botox rev. $529.2m, est. $727.5m (Bloomberg data)
    • 4Q Restasis rev. $393.1m, est. $385.8m
    • 4Q Lumigan/Ganfort rev. $86.0m, est. $178.5m
  • Sees FY17 adj. EPS $15.80 to $16.30
  • Says Average List Price Boost 6.7%
  • Has Increased Some U.S. Branded Products in Jan.
  • Sees Yr adj. net Rev $15.5b - $15.8b
  • Says Changes Consistent With Social Contract
  • Sees 1Q net rev. About $3.5b
NOTE:
  • 20 buys, 5 holds, 0 sells before today
  • Call 8:30am (NY time), (877)-251-7980 pw 50941900
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AGN US (Allergan PLC)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Time Warner 4Q Rev. Beats Est.

Time Warner 4Q Rev. Beats Est.

(Bloomberg) -- Time Warner 4Q rev. $7.89b, est. $7.73b (range $7.36b-$8.06b)
  • 4Q adj. EPS $1.25, est. $1.19 (range $1.12-$1.26)
  • 4Q HBO rev. $1.49b, est. $1.49b (Bloomberg News)
    • 4Q Turner rev. $2.84b, est. $2.83b
    • 4Q Warner Bros. operating income $574m, est. $559m
    • 4Q Home Box Office operating income $429m, est. $438m
    • 4Q Turner operating income $841m, est. $845.5m
    • 4Q Warner Bros. rev. $3.87b, est. $3.70b
  • 4Q adj. oper income $1.76b
NOTE:
  • 17 buys, 16 holds, 1 sell before today
  • Call 8:30am (NY time), 877-407-8293 pw 13651934
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
TWX US (Time Warner Inc)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Brazil Police Accuse 12 People in Rio Corruption Probe

Brazil Police Accuse 12 People in Rio Corruption Probe

(Bloomberg) -- Police concluded inquiry on operation called Efficiency, in which 12 people were accused, according to e-mailed statement.
  • Police didn’t provide names of the accused
  • Operation investigates money laundering, active and passive corruption and criminal organization
  • NOTE: Operation Efficiency is a phase of Calicute probe, derived of Carwash probe in Rio
    • Former-billionaire Eike Batista’s arrest order was issued under this operation Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Eike Batista (EBX Group Co Ltd)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Glaxo 4Q Rev. Beats Est.

Glaxo 4Q Rev. Beats Est.

(Bloomberg) -- Glaxo 4Q rev. GBP7.59b, est. GBP7.48b (range GBP7.20b-GBP7.81b)
  • 4Q dividend 23p
  • 4Q Tivicay rev. GBP290m, est. GBP284.4m (Bloomberg News)
  • 4Q Triumeq rev. GBP530m
NOTE:
  • 13 buys, 16 holds, 3 sells before today
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
GSK LN (GlaxoSmithKline PLC)
4507 JP (Shionogi & Co Ltd)

To de-activate this alert, click here

UUID: 7947283