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This basket consists of stocks that benefit from the needs of aging baby boomers.
UnitedHealth Group Incorporated
The Procter & Gamble Company
Royal Caribbean Cruises Ltd.
Service Corporation International
Matthews International Corporation
LifePoint Health, Inc.
A cruise line, a discount retail mall operator, and a restaurant chain might not be at their best right now, but they should lead the way in the pandemic recovery efforts.
Cruise ship stocks surged on Friday after a surprising jobs report boosted investors' hopes for a faster-than-expected economic recovery. As of 1:30 p.m. EDT, shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) were all up more than 20%. The U.S. economy added 2.5 million jobs in May, according to the Labor Department, which brought the unemployment rate down to 13.3%.
Shares of Royal Caribbean (NYSE: RCL) rose 10.9% in May, according to data provided by S&P Global Market Intelligence. Royal Caribbean provided a business update in early May regarding COVID-19. CEO Richard Fain also provided details on actions taken to provide guests with flexibility and peace of mind.
(Bloomberg) -- Royal Caribbean Cruises Ltd. sold $2 billion of bonds on Thursday, the cruise liner’s second outing in the credit market in less than a month as its seeks to boost liquidity while the coronavirus keeps ships at port.The three-year bonds sold at par with a coupon of 9.125%, significantly lower than where it priced similar debt last month. Those borrowing rates were also lower than earlier discussions of 9.25% to 9.5%, according to people familiar with the matter.The unsecured notes are structured with a similar priority guarantee as the bonds Royal Caribbean sold in May, but are linked to a different pool of seven ships valued at about $7.7 billion. Bondholders are first in line for those assets, even though they are unsecured, according to a person familiar with the matter.The company has the ability to issue $1.7 billion of debt with this structure, leaving $700 million remaining, according to a report by CreditSights analysts James Dunn and Laura Berman. The bonds will be issued out of a new subsidiary that will own 100% of ships including Symphony of the Seas and Oasis of the Seas, “the crown jewels of the fleet in that they are the newest, most modernized ships, with an average age of less than five years”, the analysts said.Royal Caribbean also raised $1 billion through three-year convertible bonds, which priced with a 4.25% coupon, below the initial offering range of 5% to 5.5%, and at the high-end of the marketed conversion premium, or 25%. The convertible bonds are unsecured and do not have the same guarantee as the other bonds, according to a news release.Proceeds from the offering will be used to add cash to the cruise company’s balance sheet, bringing the total to about $6.6 billion, according to deal documents seen by Bloomberg. Including the new sale, total debt will sit at about $18.9 billion, or $12.3 billion excluding the cash. Royal Caribbean is burning about $250 million to $275 million of cash per month, the company disclosed earlier.The new $2 billion of cash will give the company enough liquidity to last until at least mid-2021 even if cruises don’t resume by then, according to a report on Thursday by Moody’s Investors Service. It assigned the notes a rating of Ba2, or two levels below investment grade, and its outlook remains negative.A representative for Royal Caribbean declined to comment. A representative for JPMorgan Chase & Co., which is leading both offerings, didn’t respond to request for comment.Shares of Royal Caribbean are up 5% in premarket trading on Friday.Unique StructureRoyal Caribbean sold $3.3 billion of secured bonds in May at steep yields of about 11.7% and 12.3% for the three-year and five-year notes, respectively. Strong demand allowed it to cut the interest rate slightly on the three-year notes at the time.Those bonds have rallied amid a broad recovery in credit markets, with the three-year and five-year notes yielding between 8.6% to 8.7%, according to Trace data. The company’s quick return to the bond market on Thursday comes as Wall Street banks are urging companies to tap the market while they can.The gradual reopening of businesses after months-long shutdowns and a pick up in manufacturing activity have given investors reason for optimism in recent weeks. But underwriters who cater to heavily indebted corporations are offering their clients a bleak preview of what may lie ahead.Royal Caribbean’s bonds issued in May used a unique structure that allowed the company to pledge assets to investors while getting around a secured debt limit from its investment-grade style covenants. Loan document restrictions mean the company still can’t exceed its secured debt cap of $1.66 billion because the company fell into junk ratings.Read more: Behind Royal Caribbean’s lifeline, a shrewd bond maneuverS&P Global Ratings graded the new guaranteed notes at BB and placed the company’s ratings on review for downgrade on expectations the new debt could hurt cash flows and pressure recovery plans.The company fell into junk in May after Moody’s downgraded the unsecured debt rating to Ba2. S&P cut the company to high yield in April.Royal Caribbean’s offering is one of several deals from companies in the cruise sector. Viking Cruises Ltd. sold $675 million of secured bonds in May at a 13% coupon after adding investor protections. Carnival Corp. completed a $4 billion secured offering in April and Norwegian Cruise Line Holdings Ltd. sold $675 million of secured notes in May.(Updates with convertible bond pricing in fifth graph, and Friday’s pre-market stock move)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In the latest trading session, Royal Caribbean (RCL) closed at $57.69, marking a -0.72% move from the previous day.
Invacare Corporation (NYSE: IVC) (the "Company") announced the completion today of its previously announced separate private exchange transactions in which certain holders of its 5.0% Convertible Senior Notes due 2021 (the "2021 Notes") and certain holders of its 4.5% Convertible Senior Notes due 2022 (the "2022 Notes") exchanged approximately $35.4 million in aggregate principal amount of 2021 Notes and $38.5 million in aggregate principal amount of 2022 Notes, for aggregate consideration of approximately $73.9 million in aggregate principal amount of new 5.0% Series II Convertible Senior Exchange Notes due 2024 (the "New Notes"). Exchanging holders of the 2021 Notes received an equal principal amount of New Notes, plus an amount of cash equal to the accrued and unpaid interest on the exchanged 2021 Notes up to, but excluding the closing date and approximately $4.2 million in cash. Exchanging holders of the 2022 Notes received an equal principal amount of New Notes, plus an amount of cash equal to the accrued and unpaid interest on the exchanged 2022 Notes up to, but excluding the closing date and approximately $1.3 million in cash. Following the closing of these transactions, approximately $25.7 million in aggregate principal amount of the 2021 Notes and $81.5 million in aggregate principal amount of the 2022 Notes remain outstanding with terms unchanged.
After being downgraded to junk status in May, Royal Caribbean scrambles to raise as much money as it can.
A dry-docked Royal Caribbean Cruises (NYSE: RCL) is heading back to the debt markets to raise cash and boost its liquidity during the COVID-19 pandemic. The cruise ship operator is raising an additional $2 billion in bonds and convertible notes less than one month after it sold over $3 billion in senior secured notes at high interest rates. To attract investors, it gave them priority interest in entities that owned 28 of its cruise ships, putting them second in line to collect if Royal Caribbean ran aground.
For more investors, low cost index funds, especially exchange-traded index funds, are the way to go. How annuities could protect your retirement income Annuities can help plan for retirement during a volatile market. Maybe you saw the study which found that 10% of retail investors beat the market indexes over time.
In the current session, Procter & Gamble Inc. (NYSE: PG) is trading at $116.64, after a 0.51% spike. Over the past month, the stock increased by 0.60%, and in the past year, by 7.28%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 8.94%.The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Depending on the particular phase of a business cycle, some industries will perform better than others.Procter & Gamble Inc. has a better P/E ratio of 63.07 than the aggregate P/E ratio of 19.48 of the Household & Personal Products industry. Ideally, one might believe that Procter & Gamble Inc. might perform better in the future than its industry group, but it's probable that the stock is overvalued.price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Morning Market Stats in 5 Minutes * Procter & Gamble: Q3 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Silversea Cruises, the leading ultra-luxury cruise line, has taken delivery of its first-ever destination-specific ship, Silver Origin, from Dutch shipyard De Hoop. An intimate ceremony, held on Wednesday June 3, 2020, marked the first in-person cruise ship delivery since the pandemic prompted a global lockdown.
Goldman likes the managed care companies that are big and involved with Medicare supplemental insurance.
UnitedHealth rebounded from its 21-day line, clearly in a buy zone now. It's had various buy points but has been hitting resistance near old highs.
The roaring convertible securities market had record monthly issuance in May. The strong pace is now continuing into June as companies like (PANW) and (SPLK) tap the market with offerings of over $1 billion. Issuance so far this year has been $51.7 billion and should rise to $52.8 billion based on two announced deals that are expected to be priced Friday. The total for all of last year was $53.1 billion, Bank of America Securities data show.
Royal Caribbean Cruises Ltd. (NYSE: RCL) (the "Company") today announced that it has priced its concurrent private offerings of $1.0 billion aggregate principal amount of 9.125% Senior Guaranteed Notes due 2023 (the "Senior Notes"), and $1.0 billion aggregate principal amount of 4.250% Convertible Senior Notes due 2023 (the "Convertible Notes" and, collectively with the Senior Notes, the "Notes").
DOW UPDATE Dragged down by losses for shares of Nike and UnitedHealth, the Dow Jones Industrial Average is falling Thursday afternoon. The Dow (DJIA) was most recently trading 16 points lower (-0.1%), as shares of Nike (NKE) and UnitedHealth (UNH) are contributing to the blue-chip gauge's intraday decline.
Founded in 2015, Insense is a platform that allows brands to create custom assets and run influencer campaigns at scale, such as for short-form videos. This is definitely a red-hot category because of the growth and dominance social media sites like Snap (NYSE:SNAP), Twitter (NYSE:TWTR), TikTok and Facebook (NASDAQ:FB). Well, interestingly enough, you can also invest in Insense stock.Source: Shutterstock How? The company is currently running an equity crowdfunding campaign on Republic. So far, it has raised $25,924 from 63 investors.So let's get some background on this startup. The founders include Danil and Anton Saliukov, who are brothers that grew up in the Russian city of Ufa (Alexander Fedorenko soon joined them as another founder). Before starting Insense, Anton operated an advertising agency and Danil was a content manager at Qiwi (NASDAQ:QIWI).InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the brothers got the entrepreneurial itch. They saw that they could leverage their online marketing experience and they also had first-hand experience of some of the pain points, such as with Instagram. * 7 Hotel Stocks to Buy Before Vacationing Restarts So, they set out to create a service to provide more transparency, better ad metrics and an easier process for connecting with influencers and professional creators. How It WorksThere are five main steps when using Insense. Here's a look: * Brief: You will fill out a form, which will include the campaign goals, the content needed and so on. Insense will then review it and provide feedback. After this, the brief will be sent to creators (there are over 35,000 in the networks). * Responses: In some cases, a creator will provide a proposal within a few hours. Although, for the most part, there should be enough responses within about three days. Keep in mind that there are no middlemen, such as agencies. * Chat: As you cull through the responses, you can then setup chat sessions, which are integrated in a centralized profile that helps to manage all the communications. * Content: In several days, you will then start getting samples of creative content. * Publish: Once you have the content you like, Insense has tools to get distribution. For example, there is a Facebook Ads Manager integration, in which you can run targeted ads.Of course, when it comes to evaluating Insense stock, the key is the traction. Then, how has the company done so far? According to the investor profile, the year-over-year growth is at 2x and the gross sales are estimated to hit $3.8 million by the end of 2020. The company makes money from two main sources: a content production fee, which can be up to 30% of the campaign, and there is a premium monthly subscription that has three pricing tiers.Consider that there are over 30 clients with 65 brands. Some include Procter & Gamble (NYSE:PG), Nestle (OTCMKTS:NSRGY), Uber (NYSE:UBER) and L'Oreal (OTCMKTS:LRLCY). Insense notes that its approach is four times faster in delivering video assets and ten times cheaper than traditional studios. Bottom Line on Insense StockFor the crowdfunding round, the valuation for Insense is set at $10 million and the minimum investment amount is only $100. The company is also offering a simple agreement for future equity (SAFE) instrument to investors. This means that equity is not allocated until there is a "trigger event," such as an acquisition or IPO.However, on such an event, the investor will get a 20% discount to the valuation.But as with any early stage startup investment, there are considerable risks. No doubt, the online marketing category is intensely competitive, with operators like Vidmob, Animoto, Genero and Vidsy.co. Moreover, it is difficult to build a thriving marketplace, as there needs to be significant scale and a balance for the buyers and sellers.In other words, before making an investment in Insense stock, it's important to do your own research and analysis.Tom Taulli (@ttaulli) is an advisor and author of various books and online courses about technology, including Artificial Intelligence Basics, The Robotic Process Automation Handbook and Learn Python Super Fast. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post Insense Stock Represents the Short-Form Video Revolution appeared first on InvestorPlace.
DOW UPDATE Behind losses for shares of UnitedHealth and Nike, the Dow Jones Industrial Average is declining Thursday afternoon. Shares of UnitedHealth (UNH) and Nike (NKE) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 92 points lower (-0.
The number of confirmed cases of the coronavirus that causes COVID-19 rose past 6.6 million on Thursday, and California reported a rise in infections after weeks of slowing, raising concerns that the protests at the death of George Floyd, and the reopening of certain counties, are helping spread the illness.
After a bullish run this week, the Dow Jones Industrial Average is pausing as stocks trade lower on the stock market today.
DOW UPDATE Shares of UnitedHealth and Johnson & Johnson are trading lower Thursday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of UnitedHealth (UNH) and Johnson & Johnson (JNJ) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 9 points (0.
Moody's Investors Service, ("Moody's") assigned a Ba2 rating to Royal Caribbean Cruises Ltd.'s (Royal Caribbean) proposed senior guaranteed note issuance. The company's other ratings are unchanged including its Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating, Baa3 senior secured rating, and Ba2 senior unsecured rating.