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SPY

US Producer Price Index (PPI) increased by 0.1% in June, indicating a reduction in pricing pressures. This has led investors to anticipate an end to the Federal Reserve's interest rate hike cycle. Economists predict a slowdown in both economic activity and consumer prices throughout 2023. Peter Essele, Head of Portfolio Management for Commonwealth Financial Network, predicts the S&P 500 could top 5000 by the end of the year.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 3:39 pm

Colgate-Palmolive Inc. (NYSE:CL) has a total debt of $8.91 billion, with $8.87 billion in long-term debt and $37.00 million in current debt. After adjusting for $867.00 million in cash-equivalents, the company's net debt stands at $8.04 billion. The company's debt-ratio is 0.55, considering its total assets of $16.17 billion. Debt is an important factor in a company's capital structure and can help it attain growth.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 3:15 pm

ADBE

AMZN

GOOG

HYMTF

MDT

META

PEP

SONY

TSLA

VSAT

XOM

Several companies have made significant announcements. Meta Platforms is preparing to launch a commercial version of its AI model, competing with Microsoft and Alphabet. Viasat shares dropped after an unexpected event during satellite deployment. The UK's CMA is investigating Adobe's $20B acquisition of Figma. PepsiCo reported better than expected Q2 earnings. Exxon Mobil is acquiring Denbury for $4.9B. Hyundai's Kia is investing $200M in a Georgia facility. Medtronic is facing a whistleblower lawsuit alleging a bribery scheme. The FDA is reviewing an energy drink founded by YouTube stars. Google is launching its AI chatbot, Bard, in Europe and Brazil. The NLRB filed a complaint against Amazon. Tesla plans to sell a $1,670 electric quad bike for children in China. JD.com is developing AI applications. Carlyle Group and Trustar Capital plan to exit part of their stakes in McDonald's China. Sony is ramping up R&D spending in its game business.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 2:10 pm

CRKN

Crown Electrokinetics Corp. (NASDAQ:CRKN) has announced a revised revenue guidance for 2023 of $40 million with EBITDA of $15 million, once the capital needs of the fiber optics business are met. The company has recently reduced its debt and is focusing on growth opportunities in its fiber optics division. It also highlighted progress in its Smart Window Inserts production, with delivery expected in late summer.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:18 pm

UWMC

The annual consumer inflation fell to 3% in June, leading to a positive reaction in stocks. Traders revised their expectations for Federal Reserve rate hikes, which would be beneficial for UWM Holdings Corp (NYSE:UWMC). UWM's shares are up nearly 76% year-to-date, with a 6.72% dividend yield. To earn $500 a month from UWM, an investor would need to invest $89,286 or 14,980 shares.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 12:23 pm

TTE

NextDecade Corp (NEXT) has announced the final investment decision for Phase 1 construction at its Rio Grande LNG export facility in Texas. The project has secured $18.4 billion in financing, the largest greenfield energy project financing in U.S. history. The financing includes a joint venture deal with commitments from TotalEnergies SE (TTE), GIC, Global Infrastructure Partners, and Mubadala Investment Company. NEXT shares are trading higher by 1.30% premarket.

Portfolio Pulse from Lekha Gupta

July 13, 2023 | 11:40 am

Philip Morris Intl Inc. (NYSE:PM) has seen its shares decrease by 0.95% in the past three months. The company's total debt stands at $47.12 billion, with $40.42 billion in long-term debt and $6.71 billion in current debt. After adjusting for $2.43 billion in cash-equivalents, the net debt is $44.69 billion. The company's debt-ratio is 0.76, indicating a significant portion of debt is funded by assets.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:00 pm

BTCUSD

MSTR

MicroStrategy (NASDAQ:MSTR) may sell its Bitcoin holdings in the event of severe price drops, particularly around the time its debt is due in mid-2025, according to a report from Bernstein. The company currently holds approximately 152,000 Bitcoin, which cost about $4.5 billion. Berenberg Capital Markets analysts have raised their price target for MicroStrategy from $430 to $510 due to a more favorable environment for Bitcoin's institutional adoption.

Portfolio Pulse from Murtuza Merchant

July 12, 2023 | 3:56 pm

SPY

Minneapolis Fed President Kashkari stated that small and midsize banks are feeling deposit-constrained, while the biggest banks have more liquidity. He suggested that higher capitalization across US banks would better position the U.S.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:38 pm

SPY

Minneapolis Fed President, Kashkari, has stated that he would be reluctant to adjust the balance sheet runoff for the sake of bank stress. This statement suggests that the Federal Reserve is not planning to intervene in the current market conditions to alleviate bank stress.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 2:33 pm