AMCX – Base Case iCDS 458bps,
Negative Case iCDS 513bps, 2029 4.250% Bond YTW of 12.652%, iYTW of 8.879%,
B1 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens,
Low Refinancing Need...
Read MoreAMCX – Base Case iCDS 458bps,
Negative Case iCDS 513bps, 2029 4.250% Bond YTW of 12.652%, iYTW of 8.879%,
B1 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens,
Low Refinancing Need...
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PBF – PBF Energy Corporation
Action: Buy 2028 6.000% Bonds CUSIP: 69318FAJ7 (6.755% YTW, 4.935% iYTW)
Buy 2030 7.875% Bonds CUSIP: 69318FAL2 (7.110% YTW, 4.720% iYTW)...
HOLX – Base Case iCDS 71bps,
Negative Case iCDS 97bps, 2029 3.250% Bond YTW of 5.583%, iYTW of 4.703%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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QRVO – Qorvo, Inc.
Action: Buy 2029 4.375% Bonds CUSIP: 74736KAH4 (5.812% YTW, 5.0827% iYTW)...
PBF – Base Case iCDS 74bps,
Negative Case iCDS 103bps, 2028 6.000% Bond YTW of 6.755%, iYTW of 4.935%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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TDG – TransDigm Group Incorporated
Action: Trade: Buy 2027 5.500% Bonds, CUSIP: 893647BL0 (6.275% YTW, 5.485% iYTW)...
MU – Base Case CDS 74bps, Base Case iCDS 40bps,
Negative Case iCDS 52bps, 2028 5.375% Bond YTW of 5.011%, iYTW of 4.461%,
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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MSCI – Molina Healthcare, Inc.
Action: Buy 2028 4.375% Bonds CUSIP: 60855RAJ9 (5.895% YTW, 4.665% iYTW)
Buy 2030 3.875% Bonds CUSIP: 60855RAK6 (5.722% YTW, 4.662% iYTW)...
TDG – Base Case iCDS 131bps,
Negative Case iCDS 155bps, 2027 7.500% Bond YTW of 6.275%, iYTW of 5.485%,
B1 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens,
High Refinancing Need...
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MU – Micron Technology, Inc.
Action: Buy 2028 5.375% Bonds CUSIP: 595112CA9 (5.141% YTW, 4.321% iYTW)
Buy 2029 5.327% Bonds CUSIP: 595112BN2 (5.028% YTW, 4.252% iYTW)
Buy 2029 6.750% Bonds CUSIP: 595112BV4 (5.269% YTW, 4.249% iYTW)
Buy 2030 4.663% Bonds CUSIP: 595112BV4 (5.166% YTW, 4.254% iYTW)...
MOH – Base Case CDS 143bps, Base Case iCDS 76bps,
Negative Case iCDS 111bps, 2028 4.375% Bond YTW of 5.895%, iYTW of 4.665%,
Ba3 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need...
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SYNA – Synaptics Incorporated
Action: Buy 2029 4.000% Bonds CUSIP: 87157DAG4 (6.527% YTW, 5.487% iYTW)...
SYNA – Base Case iCDS 154bps,
Negative Case iCDS 223bps, 2029 4.000% Bond YTW of 6.527%, iYTW of 5.487%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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MSCI – MSCI Inc.
Action: Buy 2029 4.000% Bonds, CUSIP: 55354GAH3 (6.013% YTW, 5.143% iYTW)...
Featured Top Idea
CNC – Centene Corporation
Action: Buy 2027 4.250% Bonds CUSIP: 15135BAQ4 (6.101% YTW, 5.071% iYTW)
Buy 2028 2.450% Bonds CUSIP: 15135BAY7 (5.648% YTW, 4.646% iYTW)
Buy 2029 5.327% Bonds CUSIP: 595112BN2 (6.436% YTW, 5.196% iYTW)
Buy 2029 4.625% Bonds CUSIP: 15135BAT8 (5.997% YTW, 4.687% iYTW)
Buy 2030 3.375% Bonds CUSIP: 15135BAU5 (5.911% YTW, 4.671% iYTW)...
MSCI – Base Case iCDS 92bps,
Negative Case iCDS 138bps, 2029 4.000% Bond YTW of 6.013%, iYTW of 5.143%,
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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HOLX – Hologic, Inc.
Action: Buy 2028 4.625% Bonds, CUSIP: 436440AM3 (6.269% YTW, 5.119% iYTW)
Buy 2029 3.250% Bonds, CUSIP: 436440AP6 (6.067% YTW, 5.067% iYTW)...
HOLX – Base Case iCDS 71bps
Negative Case iCDS 97bps, 2028 4.625% Bond YTW of 6.269%, iYTW of 5.119%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreUBER – CDS 133bps, Base Case iCDS 48bps,
Negative Case iCDS 59bps, 2027 7.500% Bond YTW of 6.646%, iYTW of 4.918%,
Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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DINO – HF Sinclair Corporation
Action: Buy 2027 6.375% Bonds CUSIP: 435765AJ1(7.024% YTW, 5.924% iYTW)
Buy 2030 4.500% Bonds CUSIP: 023551AF1(6.932% YTW, 5.882% iYTW)...