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SPY

VIX

Alfonso Peccatiello, an economist, warns of increased macro volatility due to the upcoming U.S. presidential elections and the potential for a Donald Trump victory. He highlights the current low volatility in the S&P 500 and VIX but suggests that suppressed economic cycles and policy risks could lead to a turbulent market environment.

Portfolio Pulse from Piero Cingari

July 15, 2024 | 4:29 pm

AAWH

Ascend Wellness Holdings, Inc. (OTCQX:AAWH) is issuing $235 million of senior secured notes to prepay $215 million under its existing term loan. This strategic move aims to enhance financial flexibility and strengthen the company's balance sheet. The notes are expected to be issued at 94.75% of face value and will close around July 16, 2024.

Portfolio Pulse from Nina Zdinjak

July 15, 2024 | 3:43 pm

GS

SPY

Goldman Sachs sees a solid rationale for the U.S. Federal Reserve to cut interest rates as early as the July 30-31 meeting, while maintaining its baseline forecast for a September rate cut.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 3:35 pm

EHAB

Enhabit, Inc. (NYSE:EHAB) reported preliminary Q2 adjusted EBITDA of $24.5M-$25.0M and reduced bank debt by $15M. The company also saw an increase in non-Medicare visits shifting to payor innovation contracts. Final results will be reported on Aug. 6, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 11:50 am

WELL

Welltower Inc. (NYSE: WELL) announced a private placement of $750 million in exchangeable senior notes due 2029. The offering is subject to market conditions and other factors, and the company may grant an option to purchase an additional $112.5 million in notes.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 11:21 am

LDTC

LeddarTech has secured a temporary waiver on its credit facility with Desjardins and has reduced its minimum cash covenant. This development could provide the company with more financial flexibility in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 08, 2024 | 6:00 am

SPY

The Federal Reserve's Semi Annual Monetary Policy Report for July 5, 2024, outlines the current economic conditions, monetary policy stance, and future outlook. The report highlights concerns about inflation, labor market conditions, and potential interest rate adjustments.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:05 pm

SPY

The Federal Reserve's latest Monetary Policy Report indicates modest progress on inflation this year but emphasizes the need for greater confidence before considering rate cuts. The labor market resembles the pre-pandemic period, being tight but not overheated. Housing-related inflation pressures are expected to gradually decline.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:03 pm

EWU

The mortgage rate in the UK has increased to 7.98% from the previous 7.93%.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

TD

Toronto Dominion Bank (TD) announced its intention to issue a S$60M second tranche of its Fixed Rate Reset Perpetual Subordinated Additional Tier 1 Capital Notes, Series 2023-9 Non-viability Contingent Capital.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm