Streetbeat News

Credit

BABA

Alibaba Group has announced a proposed offering of senior unsecured notes in both U.S. dollars and RMB, subject to market conditions. This move is part of Alibaba's strategy to raise capital through debt issuance.

Portfolio Pulse from

November 18, 2024 | 12:15 am

BFSAF

Befesa's Q3 results show a 64% increase in operating profit, with strong guidance for Q4 2024 and a promising 2025 outlook. The company aims to reduce its debt ratio significantly by 2025, despite recent share price declines.

Portfolio Pulse from

November 17, 2024 | 4:00 pm

EVRG

Evergy, Inc. is highlighted as a reliable dividend grower with a 20-year streak. Its five-year capital spending plan supports growth in rate base and EPS. The company is well-capitalized with a BBB+ credit rating, allowing it to secure low-cost capital.

Portfolio Pulse from

November 17, 2024 | 12:15 pm

IVR

Preferred stocks had a strong week with a 2% total return, driven by a Treasury rally and narrowing credit spreads. Invesco Mortgage Capital is redeeming its floating-rate preferred IVR.PR.B, which will increase equity coverage.

Portfolio Pulse from

November 17, 2024 | 11:15 am

VBF

Invesco Bond Fund (VBF) is a closed-end fund focusing on high credit quality fixed-income investments, primarily corporate-issued securities. It offers some flexibility to include below-investment-grade instruments. Despite its quality focus, VBF, like PAI, is not currently considered a bargain.

Portfolio Pulse from

November 17, 2024 | 10:00 am

PSEC

Prospect Capital Corporation recently cut its dividend by 25%, raising concerns about future dividend reliability amid high interest rates and NAV erosion. Despite this, PSEC maintains a low leverage and strong liquidity position, trading at a 47% discount to NAV.

Portfolio Pulse from

November 16, 2024 | 12:15 pm

GOCO

GoHealth Inc has shown positive operating cash flow for several quarters, acquired e-TeleQuote on favorable terms, and refinanced its debt, indicating financial stabilization and potential growth.

Portfolio Pulse from

November 16, 2024 | 11:15 am

AAAU

The Hang Seng Index fell by 6.28% due to concerns over US tariffs and China's credit data. The Nikkei and ASX 200 also faced challenges, particularly in the mining sector, amid increased risk aversion.

Portfolio Pulse from

November 16, 2024 | 8:30 am

INSW

International Seaways (INSW) reported a net income of $91.6 million and a basic EPS of $1.85 for Q3 2024. The company has no debt maturities before 2030 and a Total Debt-to-Equity ratio of 35.5%. Its dividend LTM yield is 13.7% with a payout ratio of 64%.

Portfolio Pulse from

November 16, 2024 | 8:00 am

KNW

Know Labs, Inc. has received an audit opinion with a going concern explanation, indicating potential financial instability. This was disclosed in their annual report filed with the SEC.

Portfolio Pulse from

November 16, 2024 | 12:30 am