Moody's Ratings affirmed Tutor Perini Corporation's ("Tutor Perini") B3 corporate family rating ("CFR"), and its B3-PD probability of default rating ("PDR"). Moody's Ratings has assigned a Ba3 rating to the company's amended and extended senior secured first lien revolving credit facility. The ratin...
Downgrading Real Estate to Underweight Our bullish outlook we initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the S&P 500 (implying 7-10% downside) and market dynamics remain healthy. To be clear, we are not calling for a pullback to 4800; we view it as a worst-case scenario for the S&P 500, and we simply want to be prepared for anything. Shorter-term, we remain bullish on the S&P 500 and Nasdaq 100...
A director at Tutor Perini Corp sold 71,857 shares at 13.015USD and the significance rating of the trade was 84/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
Gold Breaking Out Above 3.5-Year Resistance as the U.S. Dollar (DXY) and Treasury Yields Roll Over The number of risk-on signals continues to grow, while risk-off signals remain virtually non-existent. This is a hallmark of bull markets; we will be sure to point it out when this dynamic starts to change. In the meantime, we want to continue riding this bull market higher, and our bullish outlook (since early November 2023) remains intact. Gold and Silver Breaking Out as the U.S. Dollar (DXY) a...
Yesterday's hotter-than-expected CPI report continues to suggest a more restrictive Fed policy than the market has been expecting. This raises the possibility of further consolidation for small- and mid-caps. Meanwhile, large-cap indexes (S&P 500, Nasdaq 100) remain bullish, finding support at their respective 20-day MAs since November 2023; the only question is whether that will continue to be the case, as our main concern remains rising Treasury yields and the U.S. dollar (DXY), which have bro...
Moody's Investors Service (Moody's) downgraded Tutor Perini Corporation's ("Tutor Perini") corporate family rating ("CFR") to B3 from B2, and its probability of default rating ("PDR") to B3-PD from B2-PD. The ratings on its senior secured bank credit facilities – including the first lien revolving c...
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