Latest news with #JayCushing
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
Gimme Credit: Corporate Bonds Stay Strong as U.S. Tariffs and Consumer Caution Test Market
NEW YORK, Aug. 14, 2025 /PRNewswire/ — Gimme Credit's latest research shows that leading U.S. corporate issuers are holding firm against escalating tariffs and increasingly cautious consumer spending. Strong balance sheets, diversified operations, and product innovation are proving key to credit stability amid macro volatility. Tariffs and changing consumer demand have raised the stakes for corporate issuers in 2025. Gimme Credit's latest research shows that strategic diversification and disciplined capital management are proving decisive in maintaining credit stability. More from the company's Senior Bond Analysts, below: BorgWarner – Jay Cushing noted the company's 'strong balance sheet and flexible product lineup across combustion, hybrid, and electric platforms' should help it absorb tariff pressures and modest volume declines 'with minimal impact' to its credit profile. JPMorgan Chase – Mark Flanagan said the bank has 'positive momentum into the second half' with diversification and robust capital 'key support factors against any negative turn.' Apple – Dave Novosel reported a 10% revenue gain in fiscal Q3—its fastest growth since early 2022—driven by double-digit gains in iPhone, Mac, and Services, plus a rebound in Greater China. Adani Ports & SEZ Ltd – Saurav Sen said We are not overly concerned [about trade disputes]: most shipments through ADSEZ ports are Europe– and Asia-bound, and crude oil cargo accounts for roughly 10% of volumes. The company should be able to absorb the fallout without materially denting its credit metrics. Gimme Credit's coverage underscores that disciplined capital allocation, innovation and geographic diversity remain powerful buffers for credit quality even as trade policy and consumer trends shift rapidly. Request A Free Trial Gimme Credit provides independent corporate bond research and data to aid investors and traders with critical and timely insights on an organization's investment potential. Since 1994, customers have relied on our decisive buy/sell recommendations to provide in-depth guidance when determining which fixed-income securities offer the most opportunity. Gimme Credit's clients include brokerage firms, corporations, financial advisors, investment managers and traders. Company research and news are regularly featured in such esteemed Media as Bloomberg, The Wall Street Journal, Barron's, FT and more. Logo – View original content:
Yahoo
11-03-2025
- Business
- Yahoo
Delta, Airbnb Lead Selloff in Travel Stocks on Consumer Worries
(Bloomberg) — Travel stocks from airlines to cruise lines and online-booking sites are coming under pressure Tuesday after Delta Air Lines Inc. cut its profit forecast, deepening concern over weakening consumer demand and an economic slowdown. NJ College to Merge With State School After Financial Stress NYC Congestion Pricing Toll Gains Support Among City Residents Where New York City's Zoning Reform Will Add Housing Inside the 'Not Architecture' of High Line Designers Diller Scofidio + Renfro Electric Construction Equipment Promises a Quiet Revolution Delta led losses in an S&P index tracking US airlines, with the gauge falling more than 4% to the lowest level in five months. Meanwhile, Airbnb Inc. was among the worst performers in a gauge of hotels, resorts and cruise line index, which fell for a fourth day in the longest slump since early January. Fears around consumer spending spurred by President Donald Trump's policies, including a crackdown on immigration and tariffs against the largest US trading partners, has made companies such as Delta, United Airlines Holdings Inc., Carnival Corp. and Norwegian Cruise Line Holdings Ltd. among the worst performers in the S&P 500 year-to-date. '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 a slowing economy point to a more challenging backdrop.' Delta's financial update was the first instance of a major company reducing its forecast because of Washington-linked policy volatility. Along with Delta, peer American Airlines Group Inc. also cut its outlook for the current quarter due to weakness in the domestic market. Growing concerns over softer demand trends are being reflected in the shares of theme park operators, hotel chains, and the travel sites used to book such vacations, like Airbnb, Booking Holdings Inc. and Expedia Group Inc., the latter of which having the highest US exposure versus peers. Nervousness around consumer spending and slowing economic growth also dragged down the shares of trucking and transportation companies, which can see demand for their services suffer in times of turmoil. The Dow Jones Transportation Average fell as much as 3.1%, sinking to its lowest level intraday since June, led by declines in car rental company Avis Budget Group Inc., airlines Delta and American, as well as trucking firms such as Old Dominion Freight Line Inc., Expeditors International of Washington Inc. and CH Robinson Worldwide Inc. 'For a few months there, Wall Street was convinced that the economy had found its footing again,' said Callie Cox, chief market strategist at Ritholtz Wealth Management. 'But there were still cracks to be concerned about, and there's a chance all of this policy speculation could split them wide open.' —With assistance from Esha Dey. How Natural Gas Became America's Most Important Export Disney's Parks Chief Sees Fortnite as Key to Its Future Germany Is Suffering an Identity Crisis 80 Years in the Making The Mysterious Billionaire Behind the World's Most Popular Vapes How America Got Hooked on H Mart ©2025 Bloomberg L.P.
