Streetbeat News

Credit

AAPL

AMZN

BBY

CRM

EZA

GLD

GOOG

JPM

META

MSFT

NVDA

QQQ

SLV

SPY

TLT

TSLA

USO

The article discusses various financial insights, including the performance of the iShares 20+ Year Treasury Bond ETF (TLT), concerns about private credit, and notable earnings reports from companies like Salesforce (CRM), C3.ai (AI), and Best Buy (BBY). It also highlights early trade money flows in major tech stocks and ETFs, and provides guidance on protection bands and traditional 60/40 portfolios.

Portfolio Pulse from The Arora Report

May 30, 2024 | 4:52 pm

SPY

Federal Reserve's John Williams stated that the Fed expects to achieve a 2% inflation target by early 2026. He mentioned that rate hikes are not the baseline forecast but emphasized that the Fed will take necessary actions to lower inflation.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:37 pm

SPY

Fed's Williams stated that there has been a lack of progress in lowering inflation recently. However, he expects inflation to moderate in the second half of 2024. He believes that the Fed's policy is well-positioned to bring inflation back to the 2% target, and the risks to achieving the Fed's mandates are moving into better balance.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:05 pm

BAC

SPY

Bank of America CEO Brian Moynihan provided insights on inflation, credit risk, consumer credit, loan demand, and trading revenue. He expects inflation to be under control by next year, sees no stress in consumer credit, and notes solid but not robust loan demand. Trading revenue is expected to increase by a single-digit percentage in Q2 compared to last year, with equities performing stronger and fixed income remaining flat.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:40 pm

IEF

The U.S. economy grew at an annualized rate of 1.3% in Q1 2024, down from an initial estimate of 1.6%. This slower growth, driven by reduced consumer spending, has eased Treasury yields and raised bond ETFs like the iShares 7-10 Year Treasury Bond ETF (IEF). Economists are divided on whether this will prompt the Federal Reserve to cut interest rates, with some suggesting that inflation remains a significant concern.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 3:25 pm

MAXN

Maxeon Solar Technologies (NASDAQ:MAXN) reported disappointing Q1 earnings, with revenue and EPS both missing analyst estimates. The company experienced a significant decline in shipments and revenue year over year, leading to a 50% drop in stock value. Despite challenging market conditions, Maxeon secured investments and debt restructuring to stabilize its financial position.

Portfolio Pulse from Anusuya Lahiri

May 30, 2024 | 2:54 pm

MAXN

Maxeon Solar Technologies' largest shareholder, TCL Zhonghuan Renewable Energy Technology, will invest $97.5M via debt and an additional $100M in equity. This move aims to address liquidity needs amid challenging market conditions. The investment will result in substantial dilution to existing shareholders, with TZE becoming a controlling shareholder.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:19 pm

GLD

SPY

The U.S. economic growth for Q1 2024 was revised down to 1.3%, with consumer spending faltering. Inflation metrics were also slightly revised down. Corporate profits contracted, and jobless claims rose. Market reactions included lower equity futures and falling Treasury yields, while gold prices increased.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 12:45 pm

ARBE

Arbe Robotics, Ltd. (NASDAQ: ARBE) has begun dual listing on the Tel Aviv Stock Exchange (TASE) and successfully held a classified investor bid for its proposed convertible debt offering, which exceeded expectations by reaching 230% of the amount offered.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:12 pm

CELC

Celcuity plans to initiate a Phase 3 clinical trial to evaluate Gedatolisib in combination with a CDK4/6 inhibitor and Fulvestrant. Additionally, the company has amended its existing debt facility agreement, securing an additional term loan of approximately $62 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:25 am