Streetbeat News

Credit

XFLT

XAI Octagon Floating Rate & Alternative Income Trust (XFLT) is facing challenges due to potential interest rate cuts, which could lead to reduced net investment income and dividend payouts. The trust's focus on floating rate debt investments exposes it to risks from borrower defaults and leverage costs.

Portfolio Pulse from

January 12, 2025 | 2:00 pm

PDO

The PIMCO Dynamic Income Opportunities Fund (PDO) is a high-yield CEF that leverages credit markets, primarily through mortgages and high-yield bonds. Despite strong returns, it faces volatility and concentration risk due to high mortgage rates and significant leverage.

Portfolio Pulse from

January 12, 2025 | 1:30 pm

CORZ

Core Scientific is experiencing higher digital asset prices and is making progress on its debt situation. This could positively impact the company's financial health and stock performance.

Portfolio Pulse from

January 12, 2025 | 1:30 pm

CPS

Cooper-Standard Holdings reported a significant increase in free cash flow for 3Q24, despite a decrease in sales. The company's efforts to restructure its debt profile are not fully reflected in the market. Moody's and S&P have revised CPS's corporate family rating to a more positive outlook.

Portfolio Pulse from

January 12, 2025 | 7:00 am

BAC

Bank of America Corporation remains financially strong with a slight increase in non-performing loans. Its Series L preferred shares offer a 6% yield, making them attractive for income-focused investors, especially given potential future interest rate cuts.

Portfolio Pulse from

January 11, 2025 | 5:00 pm

LEMB

Emerging market sovereign debt is not the best way to access emerging market growth this decade. Despite positive performance in 2023, weaker performance is expected in 2024 and 2025 due to currency, growth, and inflation concerns, along with geopolitical and economic risks.

Portfolio Pulse from

January 11, 2025 | 12:00 pm

ARDC

Ares Dynamic Credit Allocation Fund (ARDC) offers a high dividend yield but is risky due to its exposure to below investment grade debt and reliance on interest rate movements. The fund's leverage increases both potential returns and risks, especially if interest rates remain high.

Portfolio Pulse from

January 11, 2025 | 7:45 am

AAWH

Ascend Wellness Holdings has entered into an agreement with Seaport Global Securities to issue $15 million in senior secured notes, adding to their existing $235 million notes due in 2029.

Portfolio Pulse from

January 11, 2025 | 12:30 am

GTY

Getty Realty maintains strong fundamentals with a high occupancy rate and consistent rental collections, supporting its financial performance and dividend growth. Despite some risks, its asset allocation and liquidity access enhance stability.

Portfolio Pulse from

January 10, 2025 | 6:00 pm

IVPAF

Ivanhoe Mines has announced a US$600 million offering of senior notes due 2030, which will be senior unsecured obligations guaranteed by certain subsidiaries.

Portfolio Pulse from

January 10, 2025 | 2:30 pm