Streetbeat News

Credit

NVA

Nova Minerals has executed a variation agreement with Nebari Gold Fund 1 to reduce the cash covenant under a loan agreement, freeing up funds for feasibility studies and discussions with the US Dept. of Defense.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 10:34 am

TRIN

Trinity Capital has expanded its credit facility to $510 million, with a $70 million increase from new lenders. This expansion could enhance Trinity Capital's financial flexibility and growth potential.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 6:00 am

SPG

Simon Property Group has amended, restated, and extended its $3.5 billion revolving credit facility, which could impact its financial flexibility and liquidity.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:13 pm

HPE

Hewlett Packard Enterprise (HPE) stock rose by 3.09% following a 50-basis-point interest rate cut by the Federal Reserve. This cut is expected to lower borrowing costs for HPE, which relies on debt for operations and capital expenditures. The rate cut also benefits HPE's customers, who finance large IT projects, potentially boosting HPE's revenue.

Portfolio Pulse from Henry Khederian

September 19, 2024 | 6:42 pm

AAP

ADNT

AZO

CVNA

DAN

F

GM

GT

KMX

MOD

ORLY

TSLA

VC

Auto-related stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points. This move is expected to stimulate consumer spending and improve credit affordability, benefiting the auto industry.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:28 pm

BAND

DOCN

FIVN

FSLY

RNG

The Federal Reserve's 0.5% rate cut is expected to benefit small- to medium-sized cloud computing firms by easing debt refinancing. Analyst James Fisher highlights Bandwidth, DigitalOcean, Fastly, RingCentral, and Five9 as key beneficiaries due to their significant debt loads. These companies saw stock price gains following the announcement.

Portfolio Pulse from Michael Juliano

September 19, 2024 | 4:16 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher following a 50 basis point interest rate cut by the Federal Reserve. This cut could benefit Upstart's loan segments by attracting more borrowers. Additionally, Upstart announced an upsized private offering of $375 million in convertible senior notes. Despite the current rally, analysts have mixed ratings on UPST, with an average price target suggesting potential downside.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 3:53 pm

BTCUSD

The Federal Reserve's 50-basis point interest rate cut is seen as a positive move for risk assets like Bitcoin, with potential further cuts in 2024. Analyst Alex Krüger suggests a bullish outlook for Bitcoin, though its trajectory may be influenced by U.S. election results. The Fed's easing cycle, without a recession, historically boosts equities, but investors should watch economic indicators and political developments.

Portfolio Pulse from Khyathi Dalal

September 19, 2024 | 3:52 pm

SHEL

Shell has announced the early participation results for its exchange offers and increased the maximum amount of old notes accepted to $12 billion. The company has also extended the early participation premium to all holders until October 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:46 pm

CRMT

America's Car-Mart has announced a public offering of 1.7 million shares priced at $43 each, with an option to purchase an additional 255,000 shares. The proceeds will be used to repay credit facilities and fund corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:41 pm