Streetbeat News

Credit

BRK

Berkshire Hathaway has raised $1.9 billion through a yen-denominated bond sale, marking its largest Samurai bond issuance in five years. This move is part of Warren Buffett's strategy to increase exposure to Japanese financial markets, aligning with his long-term investment philosophy.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 8:49 am

ARES

Ares Management has priced $750M in 5.600% senior notes due 2054, with net proceeds of $737.7M. The funds will support the acquisition of GLP Capital Partners' international business and other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 5:50 am

BA

CELH

COST

PLTR

TSLA

The stock market saw a bullish rally with the S&P 500 and Dow Jones hitting record highs. Key stocks in focus included Palantir, Costco, Boeing, Celsius Holdings, and Tesla, each experiencing varied movements due to company-specific news and market conditions.

Portfolio Pulse from Benzinga Neuro

October 10, 2024 | 2:46 am

MSOS

Eric Kaufman, COO of Fundcanna, emphasizes the importance of securing financing before entering the cannabis industry, highlighting the need for a financial runway. This advice is crucial for new entrants to ensure sustainability and growth in the competitive cannabis market.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 8:40 pm

SPY

The Federal Reserve's minutes reveal discussions on the continuation of quantitative tightening even if interest rates are reduced. Most participants see diminished inflation risks but increased employment risks. Concerns were raised about reducing policy restraint too soon.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:03 pm

SPY

The Federal Reserve's minutes reveal that several participants believe a 25 basis point cut aligns with a gradual normalization path. Some suggest it could indicate a more predictable path. Decisions are conditional on economic evolution and balance of risks, not on a preset course.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:02 pm

SPY

The Federal Open Market Committee (FOMC) meeting on September 17-18 revealed that a substantial majority supported a 50 basis points rate cut. Some participants had previously considered a 25 basis points cut in July and September.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:01 pm

BA

GCAD

PPA

Boeing's October aircraft deliveries are expected to decline significantly due to an ongoing strike, affecting production of key models. Despite delivering 33 aircraft in September, the strike has led to a reduced delivery forecast for the year. The focus is on resolving the strike and managing cash flow. Boeing's stock is under selling pressure, with a price target of $220. Investors can also consider aerospace ETFs like GCAD and PPA for exposure.

Portfolio Pulse from Lekha Gupta

October 09, 2024 | 5:53 pm

BA

Boeing's shares are trading lower due to potential credit downgrades from S&P Global and Moody’s, driven by a machinist union strike and financial complications. The strike, now in its fourth week, is costing Boeing over $1 billion monthly and threatens production goals. Additionally, the FAA has issued a warning about a potential rudder system malfunction in Boeing 737 planes, adding to safety concerns. Despite these challenges, some investment firms maintain buy ratings on Boeing, while others are more cautious.

Portfolio Pulse from Vaishali Prayag

October 09, 2024 | 5:52 pm

BA

Boeing shares are declining as the company faces a potential credit downgrade to junk status by S&P Global and Moody's. This is due to strike risks and complex financial issues.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 4:25 pm