Streetbeat News

Credit

FXI

China's new loans for February amounted to 1,450.0 billion, falling short of the estimated 1,540.0 billion and significantly lower than the previous 4,920.0 billion.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 9:14 am

MMI

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), facilitated the sale and arranged financing for Alta Chandler at The Park, a multifamily asset in Chandler, Arizona, for $94.5 million. IPA Capital Markets secured $52 million in acquisition financing for the deal.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 5:55 am

EVA

Enviva's shares are trading higher following the announcement of voluntary Chapter 11 proceedings, a $1 billion debt reduction, and securing $500 million in new financing.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:30 pm

BTC-USD

KRE

QQQ

The Federal Reserve's Bank Term Funding Program (BFTP), initiated in response to the failures of Silicon Valley Bank and Signature Bank in March 2023, has ended. The program, which injected $164 billion into the banking system, aimed to prevent a regional banking crisis by providing affordable liquidity. Its conclusion raises concerns about future liquidity and may impact the performance of regional banks, tech stocks, and Bitcoin. The SPDR S&P Regional Banking ETF (KRE), Invesco QQQ Trust (QQQ), and Bitcoin (BTC) have seen significant gains since the program's inception.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 6:00 pm

LEN

Lennar Corp's Chairman reported early signs of debt delinquencies affecting mortgage applications during a conference call. This could indicate potential challenges in the housing market and impact Lennar Corp's operations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 3:14 pm

GRFS

Grifols plans to efficiently address its 2025 maturities in the first half of 2024, leveraging SRAAS disposal proceeds and other options. This strategy aims to achieve leverage levels conducive to an improvement in credit rating agencies' evaluations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:03 pm

PI

Impinj (NASDAQ:PI) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for Impinj is now $124.17, marking an 18.45% increase from the previous target. Analysts from firms like Canaccord Genuity and Goldman Sachs have raised their price targets, reflecting optimism about the company's future. Despite this, Impinj faces financial challenges, including a below-average market capitalization, a negative revenue trend, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 12:01 pm

WIT

Wipro has been chosen by Desjardins to transform their credit solutions, aiming to enhance services for members and clients. This partnership signifies a strategic move to improve financial technology and customer experience.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:43 am

MYNA

Mynaric has amended its existing $75M loan agreement with US-based lenders, increasing the borrowing capacity by $20M. This adjustment provides Mynaric with additional financial flexibility and resources for its operations and potential expansion.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:56 am

WW

Shares of WW International experienced a downturn as traders shared news from Rachel Butt, editor at 9finHQ, indicating that lenders to the company are preparing for debt talks due to its financial struggles. This development suggests potential financial distress for the operator of the Weight Watchers franchise.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:23 pm