Latest News and Media
Pittsburgh Business Times
9 May 2025
Stu Novick: Coherent shifts focus to data center components amid strategic portfolio changes
"This new management team is about a year in and what they've decided to do is really rearrange the product portfolio, they're not as fixated on some of the same product areas as the former management team," Stuart Novick, analyst with corporate bond investment firm Gimme Credit, said. "The data center area is doing really well, it was up 50% year-over-year. ... Anything related to AI and dataread more
Philadelphia Inquirer
7 May 2025
Dave Novosel: With ‘cable monopoly’ over, Comcast is chasing mobile users
Comcast, whose share price has bounced between $30 and $45 for three years, lost more high-speed Internet subscribers than expected in the first three months of 2025, even as its smaller mobile Internet business and its as-yet unprofitable Peacock streaming business gained users rapidly, noted Dave Novosel, senior analyst at bond research analyst Gimme Credit in New Yorkread more
The New York Times
6 May 2025
Jay Cushing: UPS and FedEx Once Handled a Deluge of Packages From China. That’s Changing.
“It was a bit of a bumpy ride the last time,” said Jay Cushing, an analyst for Gimme Credit. “It took a little while for things to level out, but this is probably going to take even longerread more
Outlook Business
6 May 2025
TL Tsang: How a Devastating Oil Spill and Bold Green Bet Brought BP to the Brink
“This strategy pivot is prompted by subpar returns from these green energy projects and the performance of BP’s shares, which have significantly lagged oil major peers such as Exxon. Instead, the company will refocus its efforts on growing its oil and gas production, increasing its capital spending in these operations by 20% to $10 billion per year between 2025 and 2027,” said TL Tsang, Seniorread more
MarketWatch
24 Apr 2025
Dave Novosel: IBM was the Dow’s worst performer today. ‘Deep breath…It’s more than OK,’ one analyst says.
In a note released Thursday, Gimme Credit analyst Dave Novosel pointed out that IBM added $7 billion of debt during the first quarter to fund its acquisition of cloud software company HashiCorp, which closed in February. “The increase in debt pushed core leverage to 3.5x,” he wrote. “However, considering that free cash flow is likely to exceed $7 billion this year, we expect some debt reduction asread more
MarketWatch
21 Apr 2025
Terri Cancelarich: UnitedHealth stock has shaved nearly 1,000 points off Dow across its worst 2-day slide since 1998
"United has decades of experience in MA, reams of data on member behavior and has been through periods of reimbursement cuts and premium increases many times, so it is troubling that management got it so wrong," Gimme Credit analyst Terri Cancelarich wrote on Mondayread more
Casino.org
15 Apr 2025
Kim Noland: Icahn Activism Could Distract Caesars from Debt-Cutting Goals
In a new report, Gimme Credit analyst Kim Noland points out that Caesars recently added two directors with ties to Icahn to its board. That could signal that the billionaire investor could be ready to push the gaming company to unload its digital business, which could come at the detriment of reducing liabilities.
While Icahn and his representatives agreed to the customary standstill, theirread more
Xinhua
13 Apr 2025
Jay Cushing: Economic Watch: How Trump's tariffs could wreak havoc on North America's auto supply chains
Gimme Credit's analyst Jay Cushing warns that added tariffs on steel and aluminum could increase U.S. vehicle costs by up to 1,500 dollars. The Anderson Economic Group estimates that the tariffs slapped on aluminum and steel could increase electric vehicle prices by up to 2,500 dollars.
If car prices rise further, production and job cuts in the U.S. auto industry "would be inevitable," the groupread more
The Mirror
9 Apr 2025
Carol Levenson: Department store Marshall's set to close all 1,234 stores for 24 hours
Speaking to Mirror.com Senior Bond Analyst, Evan Mann and Gimme Credit’s Director of Research, Carol Levenson, revealed what's going on in the retail industry and which stores are flipping the script on the brutal swathe of closures.
Levenson: "The recent wave of store closures is related to questions of profitability and, frankly, managements know the stock market loves these announcements. Theread more
The Wall Street Journal
7 Apr 2025
Saurav Sen: Chinese Tech Stocks Plunge on Escalating Trade War
Gimme Credit analyst Saurav Sen reckoned that Lenovo could see a 20% revenue drop due to the tariffs, although management remained optimistic about tariffs on the last earnings callread more
Fortune
3 Apr 2025
Carol Levenson: Kohl’s new CEO is making more than double the retailer’s previous top executive as the company struggles with store closures and falling revenue
Kohl’s new CEO is making more than double the retailer’s previous top executive as the company struggles with store closures and falling revenue
While “key growth categories,” including home decor and baby gear, performed relatively well last quarter, that “probably did not compensate for the space they have taken away from other categories dear to the core customer such as fine jewelryread more
The Mirror
2 Apr 2025
Carol Levenson: Costco confirms exactly when they will be closing 617 stores for 24 hours
Speaking to Mirror.com Gimme Credit’s Director of Research, Carol Levenson, revealed what's going on in the retail industry.
Levenson: "The recent wave of store closures is related to questions of profitability and, frankly, managements know the stock market loves these announcements. The prior wave of store closings had more to do with the increased prominence of online shopping and falling storeread more
The Wall Street Journal
2 Apr 2025
Terri Cancelarich: Judges Issue Mixed Rulings on Lawsuits Over Private-Equity Pension Deals
The insurer's 2024 results were "mixed," with a 27% decline in revenue, but higher spread-related earnings and inflows, wrote Terri Cancelarich, an analyst for corporate bond researcher Gimme Credit, on Mondayread more
Reuters
24 Mar 2025
Stu Novick: PE firm Clearlake to buy Dun & Bradstreet for $4.1 billion in cash
However, given the amount of time that has passed since the start of the sale process, it would be surprising if a superior offer were to emerge, said Stu Novick, senior analyst at Gimme Credit, an independent corporate bond research houseread more
International Financing Review
24 Mar 2025
Kim Noland: Novolex preps buyout financing
"Pactiv’s products, geographic footprint and manufacturing capability will be highly complementary to the Novolex business in creating one of the largest rigid and flexible manufacturers and distributors of plastic and fiber-based food packaging in the North American food and beverage industry," Kim Noland, director of high-yield research at Gimme Credit, wrote last weekread more
GO Banking Rates
19 Mar 2025
Dave Novosel: Is Microsoft Stock a Good Investment for 2025? Experts Weigh In
“Despite some headwinds, Microsoft’s revenue should still be positive. “Revenue growth will likely slow from the torrid pace of last year, but the company should still deliver double-digit growth,” said Dave Novosel, CFA, senior investment analyst at Gimme Credit, an investment research firm.
While Microsoft’s AI focus could benefit it, the stock isn’t reliant on its performance. “OpenAI willread more
Barron's
14 Mar 2025
Jay Cushing: Airline Stocks’ Latest Tumble Reminds Investors Nothing Ever Works Out Right
“With travel a discretionary item for many consumers and businesses, the airlines tend to be a good current indicator of consumer sentiment,” writes Gimme Credit’s Jay Cushing. “The weakness in demand appears to have accelerated over the past couple of weeks with a drop in close-in bookings reflecting potential concerns about the U.S. economic outlook. We expect some of the underperformance in theread more
Barron's
14 Mar 2025
Jay Cushing: Palantir Stock, Super Micro, and Others That Were Hit Hardest in S&P 500 Correction
“With travel a discretionary item for many consumers and businesses, the airlines tend to be a good current indicator of consumer sentiment,” Jay Cushing, analyst at research firm Gimme Credit, said. “The weakness in demand appears to have accelerated over the past couple of weeks with a drop in close-in bookings reflecting potential concerns about the U.S. economic outlookread more
MarketWatch
11 Mar 2025
Jay Cushing: American travelers are booking fewer domestic flights in another warning sign for the economy
“Travel tends to be a discretionary item for many consumers and businesses, making the airline sector a good current indicator of consumer sentiment,” Jay Cushing of Gimme Credit, a corporate-bond research firm, said in a Tuesday note. “The weakness in demand appears to have accelerated over the past couple of weeks with a drop in close-in bookings reflecting possible concerns about the U.Sread more
Bloomberg
11 Mar 2025
Jay Cushing: Delta, Airbnb Lead Travel Stock Selloff on Consumer Worries
The weakness in demand appears to have accelerated over the past couple of weeks, with a drop in close-in bookings reflecting possible concerns about the US economic outlook,” writes Jay Cushing, a senior bond analyst at credit research firm Gimme Credit. “We expect some of the underperformance in the quarter to be transitory (weather and accidents), but prolonged tariff uncertainty and signs of aread more
Cincinnati Business Courier
10 Mar 2025
Carol Levenson: Kroger CEO turmoil doesn’t affect solid outlook as leaders give inflation take
Kroger’s operating margin rose by 0.4 percentage points, Carol Levenson, analyst at bond analysis firm Gimme Credit, wrote in a report. Just one-fourth of that increase was due to Kroger’s sale of its specialty pharmacy unit.
“This is impressive normalized operating margin expansion for a grocery chain,” Levenson wrote. She also likes Kroger’s guidance calling for an increase in same-store salesread more
SDX Central
7 Mar 2025
Dave Novosel: EchoStar tackled one financial hurdle while another awaits
Dave Novosel, senior analyst at corporate bond analyst firm Gimme Credit, noted that the firm does expect “modestly better” customer growth for EchoStar in 2025, “but visibility is limited.” Novosel also echoed EchoStar’s management notion that customer growth will come with additional costs, adding, “therefore, we expect significant operating losses this year and into 2026read more
Investing.com
7 Mar 2025
Carol Levenson: Target credit profile remains ’strong and stable’ says bond analyst
Despite concerns over tariffs and uncertain consumer behavior, Target’s credit profile remains strong and stable, according to Gimme Credit analyst Carol Levenson.
However, Levenson noted that Target is well-positioned to manage the new China tariffs, as the company has significantly diversified its apparel sourcing, reducing its reliance on China from 60% to just 17read more
Casino.org
5 Mar 2025
Kim Noland: Penn Credit Profile Weakening, ESPN Bet Problematic, Says Analyst
Penn Entertainment’s (NASDAQ: PENN) credit profile is being pinched by rising rent-adjusted leverage — a scenario expected to linger throughout this year — and the operator’s ESPN Bet unit remains an overhang on its corporate debt prices.
That’s the take of Gimme Credit analyst Kim Noland who, in a new report, notes that sagging results from Penn’s regional casinos and ESPN Bet woes are dualread more
Benzinga
28 Feb 2025
Saurav Sen: Time to Sell Chip Stocks as the Rally is Over
"DeepSeek put a dent in maybe the greatest AI success story of the last few years – especially Nvidia, which makes specialized semiconductor chips for AI inference and training," said Gimme Credit's Senior bond analyst Saurav Sen in an email to Benzinga.
Nvidia's seemingly insurmountable moat was challenged, perhaps ironically, as DeepSeek used Nvidia's older chips to train its models to be goodread more
SDX Central
26 Feb 2025
Dave Novosel: Might Mist be a casualty of HPE’s Juniper lust?
“My sense would be that HPE would still like to go through with this, and then it’s a question that they may have to be subject to some conditions, and they have to decide whether or not they’re amenable to that,” added Dave Novosel, senior analyst at corporate bond analyst firm Gimme Creditread more
International Business Times
26 Feb 2025
Saurav Sen: Despite £42 Billion AI Investment Commitment, Alibaba's Stocks Sees 10% Drop This Week
For Gimme Credit analyst Saurav Sen, Alibaba's investment strategy surpasses that of its competitor, Baidu, which has taken a more cautious approach to AI development.
'This aggressive investment raises questions for bondholders about return on investment (ROI) as the company now plans to spend about £10.8 billion ($13.8 billion) a year on capital improvements, up from £8.2 billion ($10.5read more
The Wall Street Journal
25 Feb 2025
Saurav Sen: Alibaba's U.S.-listed stock fell, weighed down by a $53 billion AI investment commitment
Saurav Sen, an analyst at Gimme Credit, said Alibaba's investment plans are ahead of rival Baidu Inc. Earlier, Baidu took a more "cautious" approach to artificial intelligence.
"This aggressive investment has raised questions about the return on investment among bondholders, and the company now plans to invest about $13.8 billion a year in capital improvements, up from $10.5 billion previouslyread more
MarketWatch
24 Feb 2025
Saurav Sen: Alibaba’s stock falls on expensive AI-investment pledge
Saurav Sen, an analyst at Gimme Credit, said Alibaba's investment plans are ahead of rival Baidu Inc. Earlier, Baidu took a more "cautious" approach to artificial intelligence.
"This aggressive investment has raised questions about the return on investment among bondholders, and the company now plans to invest about $13.8 billion a year in capital improvements, up from $10.5 billion previouslyread more
SDX Central
19 Feb 2025
Dave Novosel: Should Broadcom be eyeing Intel?
Dave Novosel, senior analyst at corporate bond analyst firm Gimme Credit, explained to SDxCentral in an interview that Broadcom has managed to cut its debt by nearly $9 billion over the past three quarters.
“They’re in debt reduction, so are giving themselves the capacity to make another large deal,” Novosel said. “Would they have the capacity? Yes. Would it cause a widening of spreads? Yes, Iread more
PaymentsDive
19 Feb 2025
Stu Novick: Shift4 to acquire Global Blue for $1.5B
The deal is “a little bit different for (Shift4) but makes sense as they continue to push into international markets,” Gimme Credit Senior Bond Analyst Stu Novick said in an emailread more
International Financing Review
19 Feb 2025
Evan Mann: First Quantum Minerals is back in the US junk bond market just a year after a multi-billion-dollar capital raise staved off fears that the Canadian copper and gold producer would be unable to cover debt maturities following the closure of its flagship mine in Panama.
The Central American country's newly elected president has indicated he will address the closure of the copper mine once his social reform agenda passes, perhaps in the second quarter or half of this year, said Evan Mann, a senior high-yield analyst at research firm Gimme Credit.
First Quantum is also exploring the possible sale of a minority stake in its Kansanshi and Sentinel mines in Zambiaread more
International Financing Review
18 Feb 2025
Carol Levenson: J&J merger bond weighs on Triple A rating - IFR News
"I do feel that the Triple 'A,' while it may not matter much to the markets, still means a lot to JNJ and that management would make an effort to preserve the ratings," said Carol Levenson, director of research at Gimme Credit, in emailed comments.
She said the company had both the financial means and the will to bolster its credit profile and reduce debt using its prodigious cash flows afterread more