Streetbeat News

Credit Ratings

SPY

Federal Reserve's Neel Kashkari emphasizes the importance of credibility and indicates that the economy is nearing the final stages of reducing inflation to 2%. The monetary policy remains restrictive, and the job market is strong. Modest rate cuts may be appropriate, with future policy driven by data.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:13 pm

JPM

JPMorgan Chase's CEO, Jamie Dimon, discussed the potential impact of geopolitics on the economy, while the CFO noted the strong position of US consumers. The bank has increased loan loss provisions in anticipation of normalizing credit quality and expanded lending. Despite a rise in mortgage applications and refinancing following a Fed rate cut, the bank sees limited opportunities for capital deployment.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:27 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

BA

TSLA

Baidu is planning a global expansion of its robotaxi service, posing a potential threat to Tesla's dominance in the electric vehicle market. Meanwhile, Boeing has ended negotiations with striking workers, which has negatively impacted its credit rating.

Portfolio Pulse from Akanksha Bakshi

October 09, 2024 | 1:23 pm

ALTM

BA

NVDA

QQQ

SPY

US stock futures indicate a marginally lower opening, with Nvidia gaining in premarket trading. Traders are focused on the Federal Reserve's meeting minutes and upcoming economic data. Nvidia's rise is attributed to positive demand commentary for its chips. The bull market is nearing its second anniversary, with expectations of continued gains.

Portfolio Pulse from Shanthi Rexaline

October 09, 2024 | 11:29 am

HTGC

Hercules Capital has received a reaffirmation of its investment-grade credit and corporate rating of Baa3 from Moody's Investors Service, with an improved outlook to positive.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:08 am

BA

S&P has placed Boeing Co.'s ratings, including its 'BBB-' issuer credit rating, on CreditWatch Negative due to financial risks associated with a strike. Boeing may need additional funding to maintain its cash balance, fund operations, and meet debt obligations.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:00 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) has refinanced its debt and received a raised credit rating from S&P Global, leading to increased optimism from CEO Adam Aron. The company has pushed its debt maturities further out and benefited from a strong summer box office, doubling earnings from June to September. Despite challenges like the COVID-19 pandemic and Hollywood labor strikes, AMC is now positioned to play offense with rising profitability.

Portfolio Pulse from Chris Katje

September 27, 2024 | 7:08 pm

LRHC

La Rosa Holdings has announced a debt restructuring plan, halting conversion rights and deferring principal and interest payments until February 2025. This move aims to improve the company's financial stability.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:15 pm

ALK

Moody's has downgraded Alaska Air Group's issuer rating to Ba1 and assigned a Baa2 rating to its loyalty financing, with a negative outlook. This indicates potential financial challenges for the company.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 6:37 pm