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Credit

SPY

The Federal Reserve's minutes reveal discussions on the continuation of quantitative tightening even if interest rates are reduced. Most participants see diminished inflation risks but increased employment risks. Concerns were raised about reducing policy restraint too soon.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:03 pm

SPY

The Federal Reserve's minutes reveal that several participants believe a 25 basis point cut aligns with a gradual normalization path. Some suggest it could indicate a more predictable path. Decisions are conditional on economic evolution and balance of risks, not on a preset course.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:02 pm

SPY

The Federal Open Market Committee (FOMC) meeting on September 17-18 revealed that a substantial majority supported a 50 basis points rate cut. Some participants had previously considered a 25 basis points cut in July and September.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:01 pm

BA

GCAD

PPA

Boeing's October aircraft deliveries are expected to decline significantly due to an ongoing strike, affecting production of key models. Despite delivering 33 aircraft in September, the strike has led to a reduced delivery forecast for the year. The focus is on resolving the strike and managing cash flow. Boeing's stock is under selling pressure, with a price target of $220. Investors can also consider aerospace ETFs like GCAD and PPA for exposure.

Portfolio Pulse from Lekha Gupta

October 09, 2024 | 5:53 pm

BA

Boeing's shares are trading lower due to potential credit downgrades from S&P Global and Moody’s, driven by a machinist union strike and financial complications. The strike, now in its fourth week, is costing Boeing over $1 billion monthly and threatens production goals. Additionally, the FAA has issued a warning about a potential rudder system malfunction in Boeing 737 planes, adding to safety concerns. Despite these challenges, some investment firms maintain buy ratings on Boeing, while others are more cautious.

Portfolio Pulse from Vaishali Prayag

October 09, 2024 | 5:52 pm

BA

Boeing shares are declining as the company faces a potential credit downgrade to junk status by S&P Global and Moody's. This is due to strike risks and complex financial issues.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 4:25 pm

CZR

Analysts have mixed ratings for Caesars Entertainment (NASDAQ:CZR), with recent evaluations showing a slight decrease in the average 12-month price target. The company's financials reveal challenges in revenue growth, profitability, and debt management.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 2:00 pm

SPY

Dallas Fed's Logan suggests a gradual approach to rate cuts, citing risks of inflation remaining above the 2% target. This cautious stance implies that the Fed should not rush to reduce rates, allowing time to assess the impact of monetary policy.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:19 pm

SPY

Dallas Fed's Logan suggests a gradual approach to rate cuts due to inflation risks. The Fed should not rush to reduce rates as inflation may remain above the 2% target. A gradual policy allows for better assessment of monetary policy's restrictiveness and balances labor market risks.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:17 pm

MORT

REZ

A sharp increase in mortgage rates has led to a significant drop in U.S. mortgage applications, as the market reacts to a strong jobs report and rising Treasury yields. Mortgage-linked stocks, including the VanEck Mortgage REIT Income ETF (MORT) and iShares Residential and Multisector Real Estate ETF (REZ), have declined as a result.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 12:59 pm