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TSLA

Short-seller Jim Chanos criticized Tesla CEO Elon Musk's proposal for a carbon tax as a measure against climate change, labeling Musk as 'Subsidy King' and 'new darling of the Right'. Musk advocates for a carbon tax to combat climate change, citing a $5.3 trillion annual carbon subsidy per the IMF. Chanos, known for his bets against Tesla and Enron, recently closed his hedge fund. The debate highlights differing views on addressing climate change and the role of electric vehicles and renewable energy.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 6:24 am

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

SPY

Fed Chair Powell indicated a likelihood of reducing interest rates later this year, but emphasized the economic outlook's uncertainty and that progress on inflation is not guaranteed. He also stated readiness to maintain the current policy rate for a longer period if necessary.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:36 pm

MA

V

Mastercard Inc (NYSE:MA) is set to report Q4 earnings on Jan. 31 with expectations of $3.08 EPS and $6.48 billion in revenues. The stock has reached all-time highs, up 20% over the past year, slightly behind Visa Inc's (NASDAQ:V) 21.20% gain. Visa recently exceeded Q1 earnings expectations but saw a 2.5% stock decline post-announcement due to weaker-than-expected payment volumes. Analysts will focus on Mastercard's margin profile and positioning against Visa. Mastercard has a stable A+ credit rating and a history of dividend growth, but faces challenges in 2024 with potentially limited stock upside. Analyst consensus rates MA as a Buy with a target of $417.44, while recent estimates range from $462 to $510.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 6:09 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm

CLVT

Clarivate has initiated a refinancing process for its Term Loan B credit facility due in 2026. The goal is to extend the maturity to 2031 and combine it into a new term loan amounting to $2.2 billion.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:25 pm

XLRE

Cantor Fitzgerald CEO Howard Lutnick predicts a grim future for the U.S. real estate market, with up to $1 trillion in commercial real estate loan defaults expected within the next two years. Despite potential slight rate decreases, Lutnick believes real estate equity and REITs will face significant challenges, with many defaults and a 'generational change' in real estate. Approximately $2.77 trillion of commercial real estate debt is due to mature between 2023 and 2027, with refinancing difficulties anticipated due to high interest rates and declining property values. Morgan Stanley and Fitch reports support the view of a challenging environment for commercial real estate.

Portfolio Pulse from Shanthi Rexaline

January 21, 2024 | 10:15 pm

RWT

Redwood Trust has priced $60M in 9.125% senior notes due in 2029, with the offering expected to close on January 22, 2024. The company plans to list the notes on the NYSE under 'RWTN' and anticipates trading to begin within 30 days post-issuance. The notes have been rated BBB by Egan-Jones Ratings Company. Proceeds will be used for general corporate purposes, including potential repayment of existing notes and funding various business activities.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:07 am

SPY

Fed's Waller suggests that recent data may allow the Fed to consider a policy rate cut in 2024. He emphasizes that changes to the policy path should be 'carefully calibrated' and 'not rushed'. Waller expresses confidence that the Fed is close to achieving a sustainable 2% inflation rate.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:05 pm

SPY

Fed's Goolsbee states that the Federal Reserve is on a comfortable path and making progress on inflation. His view on the Federal Funds Rate is not the lowest among Fed policymakers' projections but is closer to the median.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 8:40 pm