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ATEK

Athena Technology Acquisition Corp. II's financial statements include an audit opinion with an explanatory paragraph about its ability to continue as a going concern.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 9:24 pm

SPY

Federal Reserve's Waller discusses the current economic situation, highlighting that recent productivity growth is a rebound from previous lows and unsustainable fiscal policy poses a threat. He mentions potential unemployment increases if labor demand continues to drop and emphasizes the importance of maintaining the current economic 'sweet spot'. Waller also comments on the gradual nature of rate cuts and the challenges of returning to 2019 price levels without significant policy changes.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:55 pm

SPY

Federal Reserve's Waller suggests a cautious approach to rate cuts, with a gradual reduction over the next year. The current policy rate is restrictive, but could move to a neutral stance if the economy performs as expected. Rapid cuts may occur if inflation drops below 2% or the labor market weakens.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 7:03 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares surged 17% following an upgrade by Wedbush analyst David Chiaverini, who raised the rating from Underperform to Neutral and increased the price target from $10 to $45. The upgrade is based on Upstart's improved funding base and better-than-expected delinquency performance in recent Asset Backed Securities deals. Despite the positive outlook, the ability to scale originations while maintaining credit performance remains a concern.

Portfolio Pulse from Vaishali Prayag

October 14, 2024 | 6:56 pm

BA

RTX

Boeing is facing significant challenges, including a 10% workforce reduction, ongoing strikes, safety concerns, and financial losses. The company plans to cut 17,000 jobs to manage costs amid production delays and a strike by 33,000 factory workers. Boeing's Q3 earnings are expected to be impacted by these issues, with anticipated pre-tax charges of $5 billion across various segments. Despite these challenges, Goldman Sachs maintains a Buy rating on Boeing, citing better-than-expected cash flow and cost reduction plans.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 6:05 pm

VEV

Vicinity Motor shares declined after the company failed to renegotiate terms with Royal Bank of Canada and Export Development Canada.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 3:50 pm

ENVA

Enova International (NYSE:ENVA) has been analyzed by four financial analysts, showing a range of perspectives from bullish to bearish. The average 12-month price target has increased by 12.66% to $90.5. Analysts have recently raised their price targets, indicating positive sentiment. Enova's financial health shows strong revenue growth and return on equity, but challenges with net margin and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 3:00 pm

NLCP

The Benzinga Cannabis Capital Conference in Chicago provided insights into cannabis financing, focusing on debt and equity options for startups. Experts discussed funding sources, the pros and cons of equity vs. debt, and real estate challenges in the cannabis industry. Cash flow management was emphasized as crucial for securing financing.

Portfolio Pulse from Nicolás Jose Rodriguez

October 14, 2024 | 2:48 pm

ABBV

APO

BHC

BLCO

Private equity firms TPG and Blackstone are leading the bid to acquire Bausch + Lomb, with the sale process gaining momentum. The acquisition could value Bausch + Lomb at $13-14 billion, addressing creditor concerns and potentially ranking as one of the largest private equity buyouts of the year.

Portfolio Pulse from Vandana Singh

October 14, 2024 | 2:04 pm

FXI

China is considering issuing 6 trillion yuan in ultra-long special treasury bonds over three years to stimulate its slowing economy. The funds will help local governments manage off-the-books debts.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:46 pm