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SPY

TLT

May's inflation report showed a deceleration to 3.3% year-over-year, lower than expected. This has increased confidence in the Federal Reserve's ability to manage inflation and has led to positive market reactions. Economists from Bank of America, Comerica, RSM US LLP, Allianz Investment Management, NorthEnd Private Wealth, and LPL Financial provided insights on the potential impact on future Fed rate cuts.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 3:25 pm

AVGO

The article provides a comprehensive analysis of Broadcom (NASDAQ:AVGO) in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, gross profit, and revenue growth are evaluated. Broadcom shows potential undervaluation with a low P/E ratio but is considered overvalued in terms of P/B and P/S ratios. The company has lower profitability and operational efficiency but demonstrates strong revenue growth. Broadcom's higher debt-to-equity ratio indicates increased financial risk.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 3:00 pm

DXC

In the last three months, 8 analysts have published ratings on DXC Technology (NYSE:DXC), with all ratings being indifferent. The average 12-month price target is $18.31, a 13.39% decrease from the previous average of $21.14. Analysts have adjusted their ratings and price targets in response to recent developments, with most lowering their targets. DXC Technology faces challenges such as a decline in revenue and a high debt-to-equity ratio, but it has a strong net margin and return on equity.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 2:01 pm

EDUC

Educational Development Corporation (NASDAQ:EDUC) has announced a sale and leaseback agreement for its headquarters and warehouse facility, the Hilti Complex, for $35.5 million. The proceeds will be used to pay off existing loans.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:08 pm

ORMP

SCLX

Scilex has secured a 5-year term of $100 million in royalty-based financing to expand its non-opioid pain management solutions. The funds will be used to repay an $85 million loan from Oramed Pharmaceuticals and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:32 am

UGI

UGI Corporation's subsidiaries have initiated a cash offer to purchase up to $450 million of their 5.500% Senior Notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 9:05 pm

WFRD

Weatherford International has increased its credit facility by $40 million to a total of $720 million, adding a new lender. The facility now includes $327 million for performance letters of credit and $393 million for revolving loans. Additionally, the accordion feature has been amended to allow expansion up to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:33 pm

BAC

BNED

Barnes & Noble Education has amended and extended the maturity of its asset-based credit facility to $325 million with Bank of America, now maturing on June 9, 2028.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:14 pm

KKR

In the past three months, 9 analysts have provided ratings for KKR (NYSE:KKR), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $125.67, reflecting a slight increase from the previous target. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance. KKR, a major alternative asset manager, has shown significant revenue growth but faces challenges in profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 7:00 pm

SPY

The USA 10-Year Note Auction yield came in at 4.438%, slightly lower than the previous yield of 4.483%.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:03 pm