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LCID

Lucid Group Inc's shares are trading lower by 6.95% due to overall market weakness and concerns over further rate hikes following better-than-expected US jobs data. Higher interest rates can increase the cost of capital for electric vehicle companies like Lucid Group, impacting their ability to secure favorable terms for raising funds and potentially leading to higher component prices, affecting Lucid Group's manufacturing costs and overall profitability.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 4:09 pm

DOGEUSD

Dogecoin (DOGE) is trading lower by 3.59% amid overall weakness in cryptocurrencies and the broader U.S. market. This is likely due to better-than-expected US jobs data, which could raise concerns over further rate hikes. Dallas Fed president Logan also stated that more rate hikes are likely necessary. The rise in interest rates can introduce additional uncertainty and volatility to the financial markets, potentially leading to a decrease in investor confidence and a shift towards traditional investment options.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 3:51 pm

TSLA

Tesla Inc's shares are trading lower by 2.66% amid overall market weakness and concerns over further rate hikes. The Federal Reserve's latest data shows signs of supply and demand in the labor market moving toward a better balance. Higher interest rates could increase Tesla's borrowing costs, potentially impacting its ability to invest in future growth. Investors may also reassess the valuation of growth-oriented companies like Tesla, leading to downward pressure on stock prices.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 3:48 pm

AAPL

Apple Inc.'s shares have risen by 17.99% in the past three months. The company's total debt stands at $109.61 billion, with net debt at $84.93 billion after adjusting for cash-equivalents. Apple's debt-ratio is 0.33, indicating a moderate level of financial leverage. Debt is an important factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:30 pm

LNG

Cheniere Energy Inc.'s (AMEX:LNG) total debt stands at $24.48 billion, with $24.41 billion in long-term debt and $61.00 million in current debt. After adjusting for $2.95 billion in cash-equivalents, the company has a net debt of $21.53 billion. The company's debt-ratio is 0.61, indicating a considerable portion of debt is funded by assets. This could put the company at risk for default if interest rates were to increase.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:15 pm

CRM

INTU

ZM

Shares of tech sector companies are trading lower due to concerns over potential further Fed rate hikes, which could negatively impact growth stocks.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 3:09 pm

KBE

KRE

SPY

XLF

The Federal Reserve's Logan has stated that the overall banking system is strong, according to Reuters. This could potentially impact the performance of banking and financial sector ETFs.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 1:43 pm

HCDI

Harbor Custom Development has secured a $19.95 million loan from Sound Capital to refinance its Belfair View Apartment Project.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 1:31 pm

IMO

Imperial Oil Inc.'s shares fell by 6.34% in the past three months. The company's total debt stands at $4.15 billion, with net debt at $1.91 billion after adjusting for $2.24 billion in cash-equivalents. The debt-ratio, a measure of financial leverage, is at 0.1 considering the company's total assets of $42.12 billion. Debt is an important factor in a company's capital structure and can help it attain growth, but it can also put the company at risk for default if interest rates increase.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 1:15 pm

SPY

Federal Reserve official Lorie Logan has stated that the housing market may have reached its lowest point, and that the risk in the commercial real estate (CRE) sector is being monitored. She also mentioned that the rebuilding of the Treasury account is likely to come from overnight reverse repo operations, and that the outlook for the Fed's balance sheet should not affect the rate outlook. A rebound in the housing sector could potentially threaten progress.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 12:54 pm