Latest News and Media
Supply Chain Dive
14 Jan 2025
Jay Cushing: 2025’s logistics risks include tariffs, labor strife
Labor disputes and tariffs could also influence rail shippers’ 2025 strategies. Companies are likely to pull forward some rail volume to reduce their exposure to broader logistics risks, according to Jay Cushing, senior bond analyst at bond research firm Gimme Creditread more
Bloomberg
13 Jan 2025
Carol Levenson: Edison International’s Debt Extend Drop as Fire Lawsuit Hits
While the incident reports are a “negative credit development and we acknowledge that the situation can change in an instant,” previous legislative actions taken to preserve the financial health of California utilities are reassuring, Gimme Credit analyst Carol Levenson wrote in a note Mondayread more
Bloomberg
13 Jan 2025
Franck Bekaert: Cities Owing Eskom $5 Billion Test Investors’ Goodwill
“Although significant challenges remain, we believe Eskom is progressing toward achieving a sustainable business model and fulfilling its debt obligations,” said Franck Bekaert, an analyst at research firm Gimme Credit, which rates Eskom bonds at “outperformread more
Pittsburgh Post-Gazette
22 Dec 2024
Evan Mann: Threatened by foreign investment, Cleveland-Cliffs teamed up with its union to unravel U.S. Steel deal
“They were dead-set against it, because, of course, they had incentive for it to not happen,” Gimme Credit analyst Evan Mann said of the Ohio steelmakerread more
Investor's Business Daily
18 Dec 2024
Carol Levenson: Pfizer Sets Up For A Wild Ride In 2025 Amid Looming Threats From Starboard, Kennedy
So, whether Starboard can do anything to impact dwindling Pfizer stock — and whether Kennedy's appointment truly shakes up broader biopharma stocks — remains to be seen.
It could simply be Pfizer is "too big to scare," Carol Levenson, a Gimme Credit analyst, said in a reportread more
Cryptopolitan
17 Dec 2024
Dave Novosel: Nvidia stock tanks on FUD, competition spike
According to Gimme Credit analyst Dave Novosel, Nvidia is anticipated to generate $62 billion in free cash flow in the upcoming fiscal year. Approximately $36 billion of this amount will be allocated for share buybacksread more
Barron's
14 Dec 2024
Carol Levenson: These 2 Retailers Were a Bright Spot During Earnings Season. What They Have In Common.
Chen and Levenson, who rate Costco and Walmart a “Buy” and “Outperform,” respectively, note the businesses are also making impressive strides in e-commerce and offer their consumers exceptional value. Costco stock has gained 50% this year, while Walmart has climbed over 79%. The S&P 500 has moved 26% higher in the same spanread more
IFR News
13 Dec 2024
Carol Levenson: Kroger bonds set for redemption after nixed takeover
"We would rather have seen Kroger's free cashflow used for a diversifying and cashflow-additive acquisition than for share repurchases," Carol Levenson, chief research officer Gimme Credit, said on Wednesday, before the grocer announced its ultimate buyback plan.
"But we take some comfort in the fact that Kroger has always placed the highest priority upon maintaining its strong balance sheetread more
Casino.org
11 Dec 2024
Kim Noland: Wynn Unlikely to See Activist Action, Says Analyst
In a new report to clients, Gimme Credit analyst Kim Noland acknowledged that Tilman Fertitta recently upping his Wynn stake to 9.9% from 6.1% has been a catalyst for the shares, but that doesn’t mean he’s going to turn activist and pursue a takeover of the company.
“Wynnʼs common stock moved higher upon a recent report that Tilman Fertitta, a well-known gaming executive and investor, hasread more
Digital Commerce 360
10 Dec 2024
Evan Mann: Investor group wants Macy's to consider options for real estate, and potentially Bloomingdale's
As far as unloading Bloomingdale’s and Bluemercury, those are different questions with different answers, according to Evan Mann, senior high yield analyst at the research firm Gimme Credit.
Mann said Bloomingdale’s doesn’t have quite the cachet and name recognition among the American public as Macy’s. That could make selling it difficult. Bloomingdale’s has 32 stores in the U.S. Meanwhile, thereread more
SDX Central
9 Dec 2024
Dave Novosel: Intel CEO Gelsinger leaves the chip giant listless
Despite those wins, Dave Novosel, who is a financial analyst with corporate bond analyst firm Gimme Credit, noted Intel’s foundry ambitions were burning through its cash reserves.
“Foundry losses exceeded $5 billion last year and are likely to exceed $13 billion this year. External chip sales have been minimal,” Novosel wrote in a report. “Meanwhile, Nvidia has taken a commanding lead in theread more
LeapRate
5 Dec 2024
Gimme Credit Cited: Corporate Bond Research Firm Gimme Credit Launches New Client Platform
Gimme Credit, an independent corporate bond research business, revealed Thursday that it has launched a new client platform designed to support its global expansion. The company said the cloud-based platform features a flexible technology stack, enabling the firm to enhance its research and data offerings while providing enterprise-level access to its clients. This is said to be just the first inread more
Barron's
3 Dec 2024
Dave Novosel: Intel’s Big Bet That Sank the Stock and Its CEO
Gimme Credit analyst Dave Novosel noted that the firm’s Bottom 10 list includes Intel.“While we did not foresee the departure of Mr. Gelsinger, we identified some of the many challenging issues facing the company that led to his removal,” Novosel wroteread more
The Street
29 Nov 2024
Dave Novosel: Nvidia stock extends November gains as investors bet on 2025 AI dominance
Nvidia is likely to generated $62 billion in free cash flow in its coming fiscal year, according to Gimme Credit analyst Dave Novosel, with around $36 billion of that set aside for share buybacksread more
Reuters
27 Nov 2024
Franck Bekaert: Chile's Codelco bonds still not offering attractive returns: Gimme Credit
Chile's state-owned Codelco's bonds have yet to offer attractive returns and there are doubts whether the world's largest copper producer can improve earnings and credit metrics, according to a report released Wednesday by corporate bond research firm Gimme Creditread more
MarketWatch
27 Nov 2024
Carol Levenson: Kohl’s has a new CEO, but not enough of the things its shoppers depend on
Gimme Credit analyst Carol Levenson said in a note on Wednesday that Kohl’s was “shooting itself in the foot.”
“Most of Kohl’s problems seem to be unique to Kohl’s, which ought to be doing better in a ‘trading down’ environment despite its heavy exposure to apparel,” she saidread more
Barron's
25 Nov 2024
Carol Levenson: TJX Stock Isn’t a Bargain Like the Clothes It Sells. It’s Worth Buying Anyway.
In fact, those comps “once again [led] the pack” and were better than every other retailer save Walmart, notes Gimme Credit Senior Analyst Carol Levenson on Mondayread more
GO Banking Rates
19 Nov 2024
Franck Bekaert: 7 Emerging Markets Experts Advise Investing In
Emerging market bonds can also offer strong returns. Franck Bekaert, senior bond analyst at Gimme Credit, explained why he likes them right now: “If the Fed and European Central Bank continue to lower interest rates and Treasury yields, emerging market credit bonds are likely to perform well. Lower interest rates encourage new investment flows into risk assets, which will benefit emerging bondread more
Epoch Times
19 Nov 2024
Carol Levenson: Walmart Sales Rise on a Unified Commerce Strategy, Stock Hits a 52-Week High
“Offering unmatched value, convenience, and assortment, Walmart (WMT) continues to outperform most retailers, even attracting upper-income shoppers from competitors and gaining share in this cohort,” Carol Levenson, director of research at Gimme Credit, said in a research noteread more
Epoch Times
1 Nov 2024
Dave Novosel: Apple Shakes Off Challenges in Europe and China to Post Record Sales
Novosel was impressed by the rebound in iPhone sales. “The 6 percent increase in revenue posted by Apple for the fiscal fourth quarter that ended Sept. 28 was encouraging enough,” he said. “Still, the more impressive figure was the 5.5 percent increase in iPhone revenue. The Services segment continued its double-digit growth pace, although it was modestly lower than the growth in the first threeread more
Barron's
31 Oct 2024
Saurav Sen: Micron Stock Has Ridden the Nvidia Wave. It Now Faces This Big Threat.
“This triopoly has neither been able to reliably forecast demand for its chips nor have they been able to somehow coordinate their supply and inventories. This has led to incessant bouts of oversupply, further leading to sometimes violent decreases in revenue and Ebitda,” wrote Saurav Sen, an analyst at bond research firm Gimme Credit, in a recent research noteread more
Reuters
29 Oct 2024
Dave Novosel: Mondelez beats quarterly results on rebound in demand, higher prices
"The strength of the Mondelez brands suggests that private label products will have trouble making meaningful inroads into the company's market share," said Dave Novosel, analyst with Gimme Credit.
Mondelez International (MDLZ.O), opens new tab on Tuesday beat third-quarter revenue and profit estimates, as the Cadbury parent's efforts to provide its products at different price points drove aread more
Epoch Times
18 Oct 2024
Dave Novosel: Netflix Adds 5 Million-Plus Subscribers in 3rd Quarter
Novosel sees Netflix benefiting greatly from its advertising plans. They accounted for more than 50 percent of sign-ups offered, soaring by 35 percent in the third quarter and boosting the company’s free cash flow, which could be used for share buybacks.
“Netflix continued its torrid growth in the third quarter, posting a 15% percent increase in revenue on year-over-year subscriber growth of moreread more