Even with inflationary war dynamics in the mix in March, the earnings engine for leveraged borrowers fired on all cylinders over the first three months this year, and key credit metrics (leverage, coverage) improved. In fact, EBITDA growth surged 9% for LCD’s running sample of leveraged loan borrowers, the highest since Q3 2022. Revenues grew…
With a market cap of $12.7 billion, Assurant, Inc. (AIZ) is a global provider of protection services for connected devices, homes, and automobiles, operating across North America, Latin America, Europe, and Asia Pacific. It offers mobile device and vehicle protection solutions, extended service contracts, and specialty housing insurance products, serving both consumers and businesses through its…
SoFi Technologies (NASDAQ: $SOFI) is moving its stablecoin push from announcement into product, launching SoFiUSD directly inside its banking app for nearly 15 million members. The company said SoFiUSD is the first stablecoin issued by a U.S. national bank to become available directly on a banking platform. Members can now buy, sell, hold and convert…
NVIDIA stock received fresh buy ratings from multiple Wall Street firms in just a 7-day span. Wedbush stamped the highest target at $330, Jefferies and Mizuho at $300, and Morgan Stanley at $288. Yet the stock is rolling over from a $236 peak. Institutional money turned negative on May 27, and retail volume turned red…
Abercrombie & Fitch reported first-quarter earnings per diluted share of $1.47, beating analyst expectations and sending ANF stock up in premarket trading on Wednesday. The consensus analyst estimate had been $1.27 per share, per Yahoo Finance. Net sales rose 2% from a year earlier to $1.1 billion, marking the company’s 14th consecutive quarter of sales…
Oil prices fell sharply on Wednesday morning as traders looked for momentum in US-Iran negotiations, with hopes spurred by reports from Iranian state media that such a deal would reopen the Strait of Hormuz. Futures on Brent crude (BZ=F), the international benchmark, fell 4.2% to trade below $93 per barrel, while those on US benchmark…
The pricing of a Honeywell (NASDAQ: HON) carve-out juiced the stock of the storied industrial company on Tuesday. After the company provided crucial financial details for the soon-to-be independent Quantinuum that morning, investors signaled their approval by collectively trading the stock up by 1.7%. That was good enough to beat the S&P 500 index’s 0.6%…
Oil prices whipsawed after reports of a possible U.S.-Iran framework deal briefly sent Brent plunging, only for fresh U.S. strikes on Iran to push crude back toward $100. Probable Super Niño Adds Insult to Injury for LNG Buyers – The arrival of a powerful El Niño this year, potentially even a ‘Super Niño’ with sea…
Smaller Bitcoin treasury companies kept buying into last week’s pullback even as Strategy (NASDAQ: $MSTR) paused the weekly accumulation cycle that has become one of the market’s regular public-company signals. The group added 602.6 BTC, worth about $46 million, after Bitcoin traded below $80,000, according to Cointelegraph. The purchases were spread across several smaller listed…
Tracking the S&P 500 has historically been a good move for investors. The index is a collection of the top stocks on U.S. markets and has averaged an annual return of around 10%. But that’s an average that spans decades. There have been some troubling periods along the way, when the index hasn’t performed well…
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