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AGG

BND

BNDI

IEF

SPY

The article discusses the potential of the Neos Enhanced Income Aggregate Bond ETF (BNDI) in 2024, highlighting its strategy of generating additional income through a mix of bond investments and S&P 500 Index put options. It reflects on the bond market's challenges in 2022 and 2023 due to rising interest rates and suggests that BNDI could benefit from a possible Federal Reserve rate cut in 2024. The ETF aims to outperform by capturing extra income while maintaining a similar risk profile, primarily investing in Vanguard Total Bond Market Index Fund ETF (BND) and iShares Core US Aggregate Bond ETF (AGG).

Portfolio Pulse from Austin Hankwitz

January 04, 2024 | 5:20 pm

OPK

Opko Health's stock is trading lower following the announcement of a private offering of convertible senior notes due in 2029. This move could potentially dilute existing shareholders or increase the company's debt burden.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 3:14 pm

DAN

DHI

ITB

KMX

LEN

PHM

QQQ

SPY

Analysts at Nomura predict a 'mild recession' in the second half of 2024, impacting homebuilders and auto stocks due to tight financial conditions. Equity markets have retreated in 2024, with concerns over an economic slowdown affecting corporate earnings. The SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) showed slight pre-market gains after recent losses. Homebuilders like DR Horton (DHI), Lennar (LEN), and Pulte Group (PHM) face risks from high mortgage rates and a potential slowdown in housing markets. The iShares U.S. Home Construction ETF (ITB) also declined after a strong 2023. The labor market is cooling, with potential increases in unemployment rates. Consumer spending is expected to slow, with rising credit card delinquency rates and the resumption of student loan repayments. Auto stocks like CarMax (KMX), Ford Motors (F), and Dana Inc (DAN) have already seen declines in early 2024.

Portfolio Pulse from Neil Dennis

January 04, 2024 | 2:17 pm

SAVE

Spirit Airlines Inc. has finalized sale-leaseback transactions for 25 aircraft, as per an SEC filing. These transactions allowed the company to repay approximately $465 million of debt on the aircraft and generated net cash proceeds of about $419 million.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:42 pm

ESPR

NMRD

SASI

SIDU

SOFI

TPHS

U.S. stocks traded lower, with the Nasdaq Composite down over 100 points. Energy shares rose, while real estate shares fell. Job openings slightly decreased. Sidus Space (SIDU) spiked after securing a remote sensing license. Trinity Place Holdings (TPHS) surged following a loan forbearance extension. Sigma Additive Solutions (SASI) gained on stock issuance approval. SoFi Technologies (SOFI) dropped after a downgrade. Esperion Therapeutics (ESPR) fell post-collaboration amendment. Nemaura Medical (NMRD) decided to move to OTC Markets after Nasdaq delisting.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 7:20 pm

TPHS

Trinity Place Holdings' stock price has increased following the announcement that their mortgage lender has agreed to extend the Mortgage Loan Forbearance Period until January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:43 pm

TPHS

Trinity Place Holdings Inc. (AMEX:TPHS) stock surged after the company announced an extension of its mortgage loan forbearance period to Jan. 31 by its lender, Macquarie PF Inc. The company had previously received a notice from NYSE American for non-compliance with listing standards due to stockholders' deficit and losses. The stock experienced heavy trading volume, with over 46 million shares traded compared to its 100-day average of less than 84,000 shares. TPHS shares are up 80% at 20 cents.

Portfolio Pulse from Erica Kollmann

January 03, 2024 | 5:13 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower after the company announced exchange agreements to issue over 3.2 million shares in exchange for $22.5 million of its second lien subordinated notes. The implied value of the stock issued is $6.94 per share. This follows several exchange agreements in December and a $350 million equity offering. As of September 30, AMC had $729.7 million in cash. B. Riley Securities analyst Eric Wold maintained a Neutral rating on AMC and lowered the price target from $15 to $12. The consensus price target is $7.25. AMC shares have fallen approximately 31% over the last three months and were down 6.54% at $5.71 at the time of publication.

Portfolio Pulse from Adam Eckert

January 03, 2024 | 4:42 pm

CHTR

Charter Communications (NASDAQ:CHTR) is evaluated against its competitors in the Media industry. It has a lower P/E ratio, suggesting growth potential, but a higher P/B ratio, indicating it may be overvalued in terms of book value. Its P/S ratio is below the industry average, suggesting it could be undervalued based on sales. CHTR has a higher ROE and EBITDA than the industry average, showing efficient use of equity and strong profitability. However, its gross profit is below the industry average, and it has a high debt-to-equity ratio, which could indicate financial risk.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 4:00 pm

IWM

QQQ

SPY

UTEN

UUP

Richmond Federal Reserve President Tom Barkin indicated the possibility of a 'soft landing' for the U.S. economy but did not rule out further rate hikes. He emphasized the need for a data-driven approach to future Fed decisions, particularly in response to inflation trends. Following his remarks, the U.S. dollar index rose, Treasury yields increased, and stock ETFs such as SPY, QQQ, and IWM saw declines.

Portfolio Pulse from Piero Cingari

January 03, 2024 | 3:49 pm