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NFE

New Fortress Energy announced two major financial transactions totaling approximately $3 billion. The company issued 46.349 million shares of Class A common stock at $8.63 per share, raising $400 million. CEO Wes Edens purchased $50 million worth of shares. Additionally, a Transaction Support Agreement was made with existing noteholders.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 9:20 pm

CZR

Caesars Entertainment has announced the pricing of its senior notes due in 2032 with an interest rate of 6.000% per annum. This move is part of the company's financial strategy.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 8:56 pm

SPY

Federal Reserve's Barkin suggests that the final phase of reducing inflation may take longer than anticipated, with concerns that price pressures could persist into next year. He anticipates two more quarter-percentage-point rate cuts this year if the economy progresses as expected, with unemployment and inflation remaining stable. However, renewed labor and demand pressures from rate cuts could keep inflation elevated.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 7:16 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has received mixed analyst ratings over the past three months, with a slight increase in the average 12-month price target. Analysts have varied opinions, with some raising and others lowering their price targets. Enphase faces challenges with declining revenue, low net margins, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 7:00 pm

CZR

Caesars Entertainment (CZR) shares rose by 5.42% after announcing a $500 million share repurchase program and a $1 billion senior notes offering. The proceeds will be used to manage existing debt. Share buybacks are seen as positive, indicating the company believes its stock is undervalued.

Portfolio Pulse from Henry Khederian

October 02, 2024 | 6:24 pm

AMTB

Analysts have mixed ratings on Amerant Bancorp (NYSE:AMTB), with recent adjustments in price targets and ratings. The average 12-month price target is $25.12, a decrease from the previous $25.75. The company faces challenges with declining revenue, low net margin, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 6:01 pm

EBS

Emergent BioSolutions Inc. (NYSE:EBS) stock rose 6.49% after announcing a $100 million asset-backed revolving loan facility to enhance liquidity and support strategic initiatives.

Portfolio Pulse from Dylan Berman

October 02, 2024 | 4:39 pm

AMRK

A-Mark Precious Metals has agreed to extend the termination date of its credit agreement to the earlier of September 30, 2026, or when commitments terminate.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:30 pm

SPY

Fed's Barkin is monitoring the impact of lower interest rates on home and auto sales, and the potential for demand to outpace supply. He notes that a 'low-hiring, low-firing' labor market could persist, but demand for workers might increase if demand grows. Recent labor actions and geopolitical conflicts are also seen as inflation risks. The Fed needs to be attentive to the economy and inflation as it considers the pace and extent of rate reductions.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:08 pm

SPY

Fed's Barkin suggests a half-percentage-point rate cut in September was justified due to rates being misaligned with inflation and unemployment trends. He anticipates minimal further decline in core PCE price index until next year. The median Fed projection indicates further rate cuts this year.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:08 pm