Streetbeat News

Credit

TGS

TGS ASA, a leader in energy data, is holding fixed income investor meetings from November 11th to 13th, 2024, hosted by J.P. Morgan, Danske Bank, and DNB Markets. A potential transaction may follow, depending on market conditions.

Portfolio Pulse from

November 11, 2024 | 9:00 am

QRTEA

Qurate Retail's 8.0% Series A Cumulative Preferred Stock is being recommended as a strong buy due to its 60% discount to liquidation value and 20% yield on cost. The discount is expected to close with Qurate's deleveraging, free cash flow improvements, and potential Fed rate cuts.

Portfolio Pulse from

November 10, 2024 | 8:30 pm

CDX

The Simplify High Yield PLUS Credit Hedge ETF (CDX) is recommended as a buy due to its strategy of using a long-short portfolio to hedge credit risk, making high-yield bonds more attractive by mitigating downside risks. However, it does not protect against rising interest rates.

Portfolio Pulse from

November 09, 2024 | 6:45 am

EC

Fitch Ratings has maintained Ecopetrol's global credit rating at BB+ with a stable outlook, indicating confidence in the company's financial stability.

Portfolio Pulse from

November 08, 2024 | 11:00 pm

NULGF

NuLegacy Gold Corporation announced challenges in discovering economic quantities of gold at its Red Hill property, which may lead to suspending operations and considering reorganization due to financial difficulties.

Portfolio Pulse from

November 08, 2024 | 10:45 pm

WHR

Whirlpool is facing short-term challenges due to high debt and low margins, but potential long-term benefits from a supportive US manufacturing environment. Analysts expect margin recovery post-2025.

Portfolio Pulse from

November 08, 2024 | 10:00 pm

TVGN

Tevogen Bio is finalizing an agreement with CD8 Technology to enhance its R&D and manufacturing capabilities. The company has secured a $36 million line of credit to support its operations.

Portfolio Pulse from

November 08, 2024 | 9:00 pm

ETCMY

Eutelsat is facing significant challenges, with a disappointing quarter suggesting potential further declines. The company is also dealing with funding risks.

Portfolio Pulse from

November 08, 2024 | 9:00 pm

BA

SPR

Boeing and Spirit AeroSystems are nearing a funding agreement to provide financial support to Spirit Aero, a key Boeing supplier facing financial difficulties.

Portfolio Pulse from

November 08, 2024 | 9:00 pm

STNE

StoneCo is set to report its Q3 earnings, with expectations of benefits from strong TPV growth and an expanding credit portfolio.

Portfolio Pulse from

November 08, 2024 | 8:30 pm