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Credit Ratings

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Moody's has downgraded the US credit outlook from 'stable' to 'negative,' leading to a decline in major indexes.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 4:05 pm

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Moody's has downgraded the U.S. credit outlook to negative, citing large federal deficits as a key driver. The deficits persist post-pandemic due to spending programs like the Inflation Reduction Act and Infrastructure Act. The downgrade occurred after market close on Friday with minimal immediate market reaction. Prudent investors are advised to diversify investments globally and across asset classes, and consider shorting strategies. Boeing (BA) is boosted by potential Chinese orders and Dubai Air Show prospects. Early trades show positive money flows in TSLA, NVDA, MSFT, and mixed in SPY and QQQ; negative in AAPL, AMZN, GOOG, META. Bitcoin is range-bound with speculation on ETF approval and BlackRock's Ethereum ETF filing. The Arora Report suggests a protection band strategy for investors.

Portfolio Pulse from The Arora Report

November 13, 2023 | 3:06 pm

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U.S. stock futures indicate a lower open on Monday, influenced by Moody's downgrade of the U.S. sovereign rating outlook and anticipation of inflation data and Federal Reserve officials' speeches. Despite last week's gains, with the Nasdaq Composite and S&P 500 ending higher, the Russell 2000 faced selling pressure. Analysts express mixed sentiments, with some seeing resilience in the market and others predicting a tech bull market. Key companies like Plug Power and Walt Disney saw premarket movements, while Boeing rose on news of potential Chinese purchases of its 737 Max aircraft.

Portfolio Pulse from Shanthi Rexaline

November 13, 2023 | 12:15 pm

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BlackRock Inc (NASDAQ:BLK) is planning to create an ETF focused on Ethereum (ETH), which has led to a surge in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The global crypto market cap increased by 3.03% in the past 24 hours. U.S. stock futures dipped slightly after Moody's revised the U.S. credit rating outlook to negative. Analyst Michael Van de Poppe sees a bull cycle for cryptocurrencies, while Cheds notes a bullish signal for Bitcoin. Solana (SOL) surpassed $54, indicating decoupling from other assets.

Portfolio Pulse from Mehab Qureshi

November 13, 2023 | 2:54 am

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The stock market saw gains with the S&P 500 up 1.3%, Dow Jones up 0.7%, and Nasdaq up 2.4% over the past week. Moody's revised the U.S. credit outlook to negative. Bullish views include Tesla's expected rally, Disney's profitability rebuild, and Dogecoin's potential surge to 20 cents. Bearish news includes Plug Power's liquidity concerns, Airbnb's tax evasion issues in Italy, and Coinbase's regulatory troubles in Kazakhstan.

Portfolio Pulse from Michael Cohen

November 11, 2023 | 2:04 pm

SPY

Moody's has indicated that the United States has a significantly higher capacity to carry a larger debt burden compared to other sovereign nations around the world.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:36 pm

SPY

Moody's has affirmed the AAA credit ratings of the United States, indicating that the country's strong credit strengths continue to support its sovereign credit profile.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:35 pm

SPY

Moody's has expressed concerns that the United States' debt affordability will continue to decline, reaching very weak levels compared to other highly-rated sovereigns. This trend is expected to be steady and significant, indicating potential challenges for the US in managing its debt.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:34 pm

SPY

Moody's has indicated that downside risks to the US' fiscal strength have risen, potentially outweighing its unique credit strengths. The agency anticipates persistent large fiscal deficits, leading to a substantial weakening of debt affordability.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:33 pm

SPY

Moody's has revised the outlook on the United States' credit ratings from stable to negative while affirming the AAA ratings. The long-term local- and foreign-currency country ceilings remain unchanged at AAA.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:33 pm