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☆ Some smaller stocks could see big gains as the Fed cuts rates. Here are a few
▼ + stars: | 2024-09-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Stocks with smaller market capitalizations are set to reap the benefits from the start of the Federal Reserve's latest rate-cutting campaign. Sarepta's total debt is more than one-and-a-half times bigger than its total equity. Civitas' total debt recently stood at about 79% of total equity. Chart's total debt currently eclipses its total equity by 1.4 times. "GTLS's core portfolio is comprised of natural gas, energy transition and renewables applications, where our outlook remains constructive," wrote analyst Devin McDermott.

Persons: Russell, Gavin Clark, Gartner, Clark, Zach Parham, Parham, Morgan Stanley, Devin McDermott Organizations: Dow Jones Industrial, Nasdaq, CNBC, Sarepta Therapeutics, ISI, Civitas Resources, Wednesday, JPMorgan, Civitas, Industries Locations: U.S, Cambridge, Sarepta, Friday's

☆ Jim Cramer says Tesla soared on a short squeeze, questions ServiceNow sell call
▼ + stars: | 2024-07-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Tesla : Shares of the electric vehicle leader made a huge, 27% increase last week after the company delivered better-than-expected second-quarter production and deliveries. Cramer called the rally a short squeeze — meaning investors betting Tesla stock would go down were forced to cover as it ripped higher. Domino's Pizza : The pizza delivery chain was upgraded to an outperform rating from a neutral (buy from hold) at Baird. Baird sees the recent 7.4% pullback in Domino's stock over the last eight sessions as an opportunity. ServiceNow : Shares of the enterprise software company took an over 4% dive on Monday after Guggenheim downgraded the stock to sell from neutral.

Persons: Jim Cramer's, Cramer, he's, Baird, Russell Weiner, Guggenheim, Bill McDermott's Organizations: CNBC, Club, Corning, Management, JPMorgan, Wolfe Research Locations: Corning, JPMorgan's

NEW YORK (AP) — Novels by James McBride and Alice McDermott and a short story collection by Jamel Brinkley are among the 10 books on the longlist for one of the literary world's top prizes, the PEN/Faulkner award for fiction. The settings for nominated books range from a 1930s Pennsylvania community in McBride's “The Heaven & Earth Grocery Store” to 1960s Saigon in McDermott's “Absolution.” The list also includes, Brinkley's “Witness,” Catherine Lacey's “Biography of X,” Emma Cline's “The Guest,” Daniel Clowes' “Monica” and Claire Jiménez's “What Happened to Ruthy Ramirez.”The other nominees are Henry Hoke's “Open Throat," Nishanth Injam's “The Best Possible Experience" and Colin Winnette's “Users.”"This year’s list is a powerful reminder that American literature matters more than ever,” awards committee chair Louis Bayard said in a statement Tuesday. “We are delighted to celebrate these gifted authors and the multivarious worlds they have brought to life.”The list will be pared to five finalists next month, with the winner to be announced in April. Previous PEN/Faulkner winners include Philip Roth, Ann Patchett and Imbolo Mbue,Photos You Should See View All 45 Images

Persons: James McBride, Alice McDermott, Jamel Brinkley, Faulkner, Brinkley's, ” Catherine Lacey's “, Emma Cline's “, ” Daniel Clowes, Monica ”, Claire Jiménez's, Ruthy Ramirez, ”, Henry Hoke's, Colin Winnette's “, Louis Bayard, “, Philip Roth, Ann Patchett, Imbolo Organizations: PEN Locations: Pennsylvania, McBride's, Saigon, McDermott's

REUTERS/Henry NichollsApril 8 (Reuters) - As the fortunes of Richard Branson's Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million rescue. Virgin Group, which owns 75% of Virgin Orbit, also declined to comment for this article. The group is providing financing to Virgin Orbit as the satellite launch company seeks a buyer in bankruptcy. Asked about this, Brown told Reuters he structured deals to protect investor confidentiality with a preference for "laying low below the radar." Virgin Orbit filed for bankruptcy on Tuesday.

☆ Goldman Sachs' head of digital assets says there's still 'a little bit more pain' to come for crypto startups. Here's how he's looking for the silver lining in the industry.
▼ + stars: | 2023-03-03 | by ( Bianca Chan | Dakin Campbell | ) www.businessinsider.com time to read: +5 min

Mathew McDermott oversees Goldman Sachs' crypto and blockchain efforts. He says the worst isn't over for crypto startups. The worst isn't over yet for the crypto industry, according to Goldman Sachs' global head of digital assets. "We're going to see a little bit more pain this year as we see more people struggle" in the crypto industry, Matthew McDermott, global head of digital assets at Goldman Sachs, told Insider. But there may be a silver lining to the crypto carnage: startups running out of runway may be looking for an exit.

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