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PNRG

PrimeEnergy Resources Corporation (NASDAQ:PNRG) has been added to the Russell 2000 Index, effective from June 26, 2023. The company has recently added the first production from 18 wells completed in 2023 and has 7 additional wells in various stages of completion activities with ConocoPhillips Corporation and Apache Corporation. PrimeEnergy has a revolving line of credit of $60 million, which is totally undrawn as of June 30, 2023.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 8:02 pm

INTC

Intel Inc.'s (NASDAQ:INTC) shares rose by 0.65% in the past three months. The company's total debt stands at $50.27 billion, with net debt at $42.04 billion after adjusting for $8.23 billion in cash-equivalents. The debt ratio is 0.27, considering Intel's $185.30 billion in total assets. While debt can help a company attain growth, interest-payment obligations can impact the cash-flow.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 7:31 pm

ILMN

Illumina Inc.'s shares have fallen by 18.77% in the past three months. The company's total debt stands at $2.24 billion, with net debt at $742 million after adjusting for cash equivalents. Illumina's debt-ratio is 0.19, indicating a relatively low level of financial leverage. Debt is an important factor in a company's capital structure and can help it achieve growth.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 7:16 pm

KBE

KRE

SPY

XLF

The Federal Housing Finance Agency (FHFA) is reportedly considering recommending limitations on big banks' borrowing from Federal Home Loan Banks (FHLBs). This news could potentially impact the banking sector, including ETFs like KBE, KRE, SPY, and XLF.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 6:24 pm

AXP

Oppenheimer analyst Dominick Gabriele has reiterated an Outperform rating on American Express Company (AXP), with a price target of $180. Gabriele predicts a slowdown in AXP's total network volume growth from 13.9% to ~10.6% Y/Y into 2024, due to sluggish U.S. volumes. However, he expects 2023/2024 EPS to go higher/~flat, given CECL/loan growth dynamics. AXP shares are trading higher by 1.07% to $173.98.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 6:22 pm

SLM

SOFI

SPY

President Biden is set to deliver remarks on the Supreme Court's decision to block student loan relief at 3:30 p.m. This could potentially impact companies like SLM Corporation, SoFi Technologies, and the SPDR S&P 500 ETF Trust.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 5:28 pm

SLM

SOFI

SPY

President Biden has expressed his determination to find alternative ways to provide student loan relief after the Supreme Court blocked his efforts. This could potentially impact companies like SLM and SOFI, which are involved in student loan services.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:52 pm

SLM

SOFI

SPY

President Biden is set to speak on the Supreme Court decision that blocked student loan relief. This could potentially impact companies like SLM and SOFI, as well as the SPY ETF.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:48 pm

SLM

SOFI

SPY

The court has clarified that the President of the United States does not have the power for debt forgiveness, but can only postpone or delay it. This power lies with the Congress.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:11 pm

SLM

SOFI

SPY

Speaker McCarthy announced that President Biden's student loan forgiveness has been ruled unlawful. This means that the 87% of Americans without student loans are no longer obligated to pay for the 13% who do. This decision is in line with the Fiscal Responsibility Act's end to the payment pause.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 4:09 pm