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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

AMAL

CFR

FCNCA

HBAN

LOB

MCB

MTB

PNFP

WAL

The Federal Reserve's 50 basis point rate cut is expected to benefit mid- and small-cap banks by improving net interest margins and loan demand. JPMorgan analyst Steven Alexopoulos highlights several banks poised for growth, including First Citizens BancShares, Huntington Bancshares, M&T Bank, Western Alliance, Pinnacle Financial Partners, Cullen/Frost Bankers, Live Oak Bank, Metropolitan Bank, and Amalgamated Bank.

Portfolio Pulse from Surbhi Jain

September 19, 2024 | 12:24 pm

MUR

Murphy Oil Corporation plans to offer $600 million in senior notes due in 2032. This move is likely aimed at raising capital for corporate purposes, which could include debt refinancing or funding new projects.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 11:21 am

IWM

SPY

The Federal Reserve has cut interest rates by 50 basis points, marking the first reduction in over four years. This move is expected to lower mortgage, credit card, and auto loan rates, potentially boosting consumer spending and home purchases. However, it may also lead to a decline in the US Dollar's value and lower returns on savings and treasuries. The iShares Russell 2000 ETF (IWM) is outperforming the SPDR S&P 500 ETF Trust (SPY) as small-cap stocks benefit from the rate cut.

Portfolio Pulse from Chris Katje

September 18, 2024 | 8:28 pm

SPY

The Federal Reserve's announcement of a rate cut is seen as positive news for Americans who have been affected by high prices. This decision may impact various sectors, including those represented by the SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:43 pm

SPY

Doubleline Capital's Jeffrey Gundlach highlights the housing market as a 'wild card' for inflation and the economy. He suggests that inflation risk is lower compared to employment and consumer risk.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:42 pm

SPY

Jeffrey Gundlach from Doubleline Capital suggests that the terminal rate for the Fed Funds Rate could be 3.50%, as discussed in a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:37 pm

SRCL

WM

Stericycle Inc. bondholders are seeking improved terms for a debt-exchange offer from Waste Management Inc., which is acquiring Stericycle. Legal counsel has been engaged to negotiate better terms.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:27 pm

SPY

Jeffrey Gundlach from Doubleline Capital expressed in a CNBC interview that the long end of the bond market is not in favor of aggressive easing by the Federal Reserve. This suggests potential impacts on interest rate expectations and bond yields.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:26 pm

SPY

Jeffrey Gundlach from Doubleline Capital suggests that the long end of the bond market is not in favor of aggressive easing by the Federal Reserve. He anticipates that the Fed will have more room to cut rates by 50 basis points in November after the election, and believes the Fed is not as behind the curve as before.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:26 pm