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Stock impact report

15 Cash-Rich Penny Stocks Hedge Funds Are Buying [Yahoo! Finance]

SeaWorld Entertainment, Inc. (SEAS) 
Last seaworld entertainment, inc. earnings: 2/26 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Risky asset classes got punished after the Federal Reserve started to raise interest rates to tackle inflation. But amid the talk of expected rate cuts in 2024, small companies that are deemed risky have already started negotiating decreases on their loans. A latest report from the Wall Street Journal cited data from PitchBook LCD which shows that companies with low credit ratings including SeaWorld Entertainment and Dave & Buster's have asked investors to decrease interest rates on about $62 billion of sub-investment grade loans in January. The report said that these new repricings are fueled by the Fed's intention to decrease interest rates and companies trying to negotiate lower interest rates are starting to see success given the optimism in the broader markets. The report said that when the Federal Reserve started to raise interest rates, markets feared a flurry of loan defaults. But loan defaults as of the end of 2023 remain lower-than-expected as companies were able to extend Show less Read more
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