Latest news with #SammySosa
Yahoo
20-05-2025
- Business
- Yahoo
Zacks Investment Ideas feature highlights: Moody's, Broadcom, Microsoft and CoreWeave
Chicago, IL – May 20, 2025– Today, Zacks Investment Ideas feature highlights Moody's MCO, Broadcom AVGO, Microsoft MSFT and CoreWeave CRWV. In poker, a "tell" is a player's subtle character or demeanor change that can unknowingly tip off an opponent and provide crucial information about how strong a hand they may have. The best and most powerful market tell on Wall Street is price action versus news. When the market gets hit with bad news, how fast it rebounds can be a tell for savvy investors. Friday, after the market closed, the Nasdaq and other major US indices fell more than 1% after Moody's credit rating agency downgraded US debt based on the rising US budget deficit. Though stocks suffered a knee-jerk reaction Friday evening, cooler heads prevailed Monday, and stocks shook off the bad news. Such action is a hallmark of a bull market. Savvy investors should ask themselves, "If bad news can't bring down stocks, what is likely to occur when there is no news?" BeSpoke Investment Group (@bespokeinvest) posted a fascinating chart recently that compared the releases of Netscape versus ChatGPT. The precedent, which tracks the tech-heavy Nasdaq, is very similar and provides a strong precedent. After all, the release of the Netscape web browser jump-started the internet boom in the late 1990s, while the ChatGPT chatbot release brought large language models (LLMs) to the masses and started the AI revolution. The overlayed chart shows the current Nasdaq tracking the late 1990s precedent very closely, rising 74.18% through 617 days, while the 90s example tracked 93.42% through the same time. Beyond the price action in the Nasdaq, the performance in individual AI names like Broadcom, Microsoft and CoreWeave shows that the party may just be getting started. If there's anything baseball's steroid era taught, it's that power and distance are correlated. Muscular hitters like Barry Bonds and Sammy Sosa smashed records and often hit baseballs out of the stadium. The same metaphor holds for stocks. The S&P 500 Index screamed higher by more than 19% in just 27 days following a warming of trade tensions between the US and China. Considering that S&P 500 returns are historically ~10%, most amateur investors may assume that the market is done moving higher for the year. However, historical data from Ryan Detrick (@ryandetrick) of Carson Investment Research shows us that the exact opposite is true. In fact, since 1950, the S&P 500 Index has been higher one year later 100% of the time when it gains more than 19% in 27 trading days. On Wall Street, just like in poker, observing the subtle tells can be incredibly insightful. The market's resilient reaction to the Moody's downgrade, coupled with the historical precedent of the late 1990s, signals a bullish market ahead. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
20-05-2025
- Business
- Yahoo
US Stocks Brush Off Moody's, Echo Past Tech Booms
In poker, a 'tell' is a player's subtle character or demeanor change that can unknowingly tip off an opponent and provide crucial information about how strong a hand they may have. The best and most powerful market tell on Wall Street is price action versus news. When the market gets hit with bad news, how fast it rebounds can be a tell for savvy investors. Friday, after the market closed, the Nasdaq and other major US indices fell more than 1% after Moody's (MCO) credit rating agency downgraded US debt based on the rising US budget deficit. Though stocks suffered a knee-jerk reaction Friday evening, cooler heads prevailed Monday, and stocks shook off the bad news. Such action is a hallmark of a bull market. Savvy investors should ask themselves, 'If bad news can't bring down stocks, what is likely to occur when there is no news?' BeSpoke Investment Group (@bespokeinvest) posted a fascinating chart recently that compared the releases of Netscape versus ChatGPT. The precedent, which tracks the tech-heavy Nasdaq, is very similar and provides a strong precedent. After all, the release of the Netscape web browser jump-started the internet boom in the late 1990s, while the ChatGPT chatbot release brought large language models (LLMs) to the masses and started the AI revolution. Image Source: BeSpoke Investment Group The overlayed chart shows the current Nasdaq tracking the late 1990s precedent very closely, rising 74.18% through 617 days, while the 90s example tracked 93.42% through the same time. Beyond the price action in the Nasdaq, the performance in individual AI names like Broadcom (AVGO), Microsoft (MSFT), and CoreWeave (CRWV) shows that the party may just be getting started. If there's anything baseball's steroid era taught, it's that power and distance are correlated. Muscular hitters like Barry Bonds and Sammy Sosa smashed records and often hit baseballs out of the stadium. The same metaphor holds for stocks. The S&P 500 Index screamed higher by more than 19% in just 27 days following a warming of trade tensions between the US and China. Considering that S&P 500 returns are historically ~10%, most amateur investors may assume that the market is done moving higher for the year. However, historical data from Ryan Detrick (@ryandetrick) of Carson Investment Research shows us that the exact opposite is true. In fact, since 1950 S&P 500 Index has been higher one year later 100% of the time when it gains more than 19% in 27 trading days. Image Source: Carson Investment Research Bottom Line On Wall Street, just like in poker, observing the subtle tells can be incredibly insightful. The market's resilient reaction to the Moody's downgrade, coupled with the historical precedent of the late 1990s, signals a bullish market ahead. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-04-2025
- Sport
- Yahoo
The Yankees aren't cheating with their new bats, but it still feels wrong
The talk of Major League Baseball's opening weekend was the New York Yankees' bats, and "bats" here isn't a figurative way to talk about the insane 36 runs off 34 hits, including 15 homers, the team notched in their first three games. Instead, the conversation is focused on the literal shape of the bats some on the Yankees used to produce those eye-popping numbers. The Yanks seem to have created an edge by — gasp — innovating. Several of their stars (notably excluding Aaron Judge, who leads the team in hits, home runs, on-base percentage, RBIs and batting average) are swinging a so-called torpedo bat, which uses a manufacturing tweak to shift some of a traditional bat's mass a few inches in toward the batter. Instead of the bats we're used to seeing that are skinny on one end and heavy on the other, these bats look flatter because more of their mass is concentrated in the zone most likely to make contact with a pitch, theoretically giving hitters more power without changing anything else. Early results say the Yankees' scheme is working: They're undefeated through three games, having outscored the Milwaukee Brewers 36-14 in their opening series. And now, the question being asked in the sports-talkosphere is 'Are the Yankees cheating?' Is changing the shape of a baseball bat the same as corking one, which once earned Sammy Sosa a suspension? Does it line up with players' using performance enhancing drugs, signal stealing or pitchers' tampering with a ball? MLB's rules, at least at this point, say no. Each team is responsible for supplying its own bats, and beyond restrictions governing diameter and length — a bat can be no more than 2.61 inches at its thickest part and no longer than 42 inches —teams appear to be free to tinker with the lumber. But until now, no team has — at least not to any great effect. It may not technically be cheating, but it's hard to view the Yankees' subterfuge as consistent with baseball's enduring — but no less phony — mythology as a game for purists in which even minor innovations risk sullying the game. This is the same sport that long after yielding the mantle of 'America's Pastime' to the NFL still refuses to approve the use of an electronic strike zone and greenlit instant replay only this millennium, the last of the big four American sports leagues to do so. It's the same sport that egregiously shuns Barry Bonds, the best player of his era and the king of sending balls out of the park, because he's been suspected of having used performance-enhancing drugs, even though MLB looked the other way and raked in profits as Bonds' home runs boosted ratings. The Yankees, in particular, help drive baseball's cornball myth-making. There's a rich irony in a team that won't put players' last names on their jerseys and didn't until this season allow those players to wear beards modifying their bats — even if legally. The Yankees are perhaps baseball's poster child for propping up its aggressive nostalgia by resisting innocuous changes. But here they are, messing with the bat, of all things, to their advantage on the field. Is nothing sacred? Apparently not. MIT-trained physicist Aaron Leanhardt, whom the Yankees hired for their coaching staff in 2022, reportedly created the torpedo bats. Leanhardt jumped to the Miami Marlins in the offseason, but not before his bats were put into use by the Yankees last year. The Yankees aren't the only ones. Players with the Cincinnati Reds, the Minnesota Twins, the Boston Red Sox, the Toronto Blue Jays, the Baltimore Orioles and the Tampa Bay Rays have reportedly either used the bats in game or tried them out. So, what should baseball do? As long as MLB holds that torpedo bats are all good by the rulebook, every team has an incentive to use them. That wouldn't be the worst thing for a sport with a shrinking audience that all but guarantees that small market teams struggle to field competitive rosters. The Pittsburgh Pirates, for example, have the most exciting young pitcher in the sport in ace Paul Skenes, but their paltry $88 million payroll is less than a third of the Yankees' $288.1 million in salaries this season, according to Spotrac. With Judge and the rest of the pinstripes visiting PNC Park this weekend, why shouldn't the Pirates try to even the odds with some torpedoes of their own? If baseball ever hopes to reclaim its share of fans' imaginations, it just might want to look the other way on this one, too. This article was originally published on
Chicago Tribune
27-02-2025
- Business
- Chicago Tribune
Afternoon Briefing: Egg prices leave restaurants and bakeries scrambling
Good afternoon, Chicago. When St. Charles residents Terry Beltran and her husband Scott opened their mom-and-pop diner over 18 years ago, they never envisioned the one-two punch that would come their way nearly two decades into operating Daddio's Diner in Batavia. 'We got hit pretty bad with the last virus a few years ago and still haven't recovered from that,' Scott Beltran said recently about the COVID-19 pandemic. 'Now we have this issue with bird flu and the price of eggs that have gone through the roof. Honestly, we're nearly bankrupt.' Egg prices in the United States hit an all-time average high of $4.95 per dozen this month, officials have said, with the U.S. Department of Agriculture predicting the price could soar even higher as the year goes on because of the impact of bird flu. That means restaurants and other businesses that rely on eggs as a staple are scrambling to deal with the skyrocketing prices. Here's what else is happening today. And remember, for the latest breaking news in Chicago, visit and sign up to get our alerts on all your devices. In Midway near-collision, NTSB chair cites business jet crew's apparent 'failure to listen' The head of a federal agency investigating the near-collision at Midway Airport between a Southwest plane and a business jet has said the business jet pilot appeared to fail to follow instructions. 'We don't believe that this was an air traffic control issue,' said Jennifer Homendy, chair of the National Transportation Safety Board, in an appearance on 'Fox & Friends' this morning. Read more here. To help balance Mayor Brandon Johnson's 2025 budget, Chicago installing 50 new speed cameras to ticket drivers Ex-sailor pleads guilty to terrorist plot to attack Naval Station Great Lakes in 2022 Chicago tech incubator 1871 leaving the Mart after 13 years Launched in 2012, the nonprofit 1871 has been an anchor tenant at the Mart and the nexus of the Chicago tech scene for more than a decade, providing space, expertise and funding opportunities for a long roster of startups. Read more here. More top business stories: Mundelein school districts warn massive Wirtz family development will overwhelm schools and want developers to soften the blow Naperville craft brewers worried about potential impact of Trump's aluminum tariffs Sammy Sosa makes a big impression in his return to the Chicago Cubs as a guest instructor: 'He's an icon' Back in Cubbie blue for the first time since a turbulent ending with the organization in 2004, Sammy Sosa was soaking in the opportunity to connect with players, whether it was in the dugout at Sloan Park or spending time in the cage. Read more here. More top sports stories: Shedd Aquarium receives $10 million donation Chicago's Shedd Aquarium announced that it has received $10 million from the health care company Abbott, a longtime benefactor of the aquarium. Read more here. More top Eat. Watch. Do. stories: Love baseball movies? 'Play Ball!' is a new 8-inning film series at the Music Box 'Running Point' review: A lot like 'Entourage,' minus the bro-y energy Oscar-winner Gene Hackman, wife Betsy Arakawa and their dog were dead for some time, warrant shows Gene Hackman, 95, was found dead in a mudroom and his 63-year-old wife, Betsy Arakawa, was found dead in a bathroom next to a space heater, the Santa Fe County sheriff's office wrote in a search warrant. There was an open prescription bottle and pills scattered on the counter top near Arakawa. Read more here.
New York Times
27-02-2025
- Sport
- New York Times
Two decades later, Sammy Sosa returns to Cubs spring training as a guest instructor
SCOTTSDALE, Ariz. — Following a two-decade absence, Sammy Sosa is finally once again a visible and vocal member of Chicago Cubs spring training. After apologizing late last year — for what exactly wasn't clear — and reconciling with the organization, Sosa's initial return came at Cubs Convention in January. His appearance at spring training is 21 years in the making. Advertisement 'We're glad he's here and hope he enjoys it,' manager Craig Counsell said. '(I'm) just asking our players to just have conversations. You gain from the experience. Sammy spent a lot of time in the box. That knowledge and experience from the batter's box, there's a lot to offer.' His arrival was slightly delayed, but Sosa arrived in Mesa just in time to catch Tuesday's Cactus League contest at Sloan Park. He was at camp early Wednesday, and after meeting with the media, donning Cubs gear and looking like he fit right in with the coaches, Sosa chatted up staff members and players behind the cage, doling out advice to all who would listen. Sammy Sosa is back in the @Cubs dugout 💪 — Marquee Sports Network (@WatchMarquee) February 25, 2025 'I'm a good communicator,' Sosa said. 'When you have that and don't have ego, people pretty much listen to you. The numbers don't lie, anyway. Everything that I say to them, they're going to take it because it's coming from me. I worked hard every day. I never cheated myself. I went to the cage every day and made sure I was ready before the game. When you do that, you have a plan when you go to the plate. And they want to hear that from me.' Sosa's career with the Cubs ended unceremoniously after the 2004 season and he was traded to Baltimore that winter. The end of his time in the big leagues was shrouded in controversy as he was one of multiple players from that era accused of taking PEDs. But fans of that era have largely moved past such things and have chosen to focus on the joy Sosa brought during that time. Whatever one may think of them, the numbers he put up were eye-popping. Sosa hit over 60 home runs in a season three times, and from 1998 to 2002, he slugged 292 homers and delivered a 1.092 OPS. The home run chase of 1998 was one of the more memorable spectacles in baseball memory and Sosa was a must-see attraction during a time when the Cubs were rarely competing for the postseason. Advertisement 'He has a presence and aura about him that breeds confidence,' hitting coach Dustin Kelly said. 'That's what some of our guys have already taken away, how confident he is at the plate and the mentality and what he was thinking up there.' During Tuesday's game, cameras caught Sosa chatting with various players, including young prospect Kevin Alcántara and offseason acquisition Vidal Bruján. Sosa had noticed Bruján was lunging in the box and gave him some advice to stay on his back leg and not to jump at the ball. Sure enough, Bruján slugged a home run in his next at-bat, adding a nice Sammy-hop to make for a perfect moment for Sosa's much-anticipated return to Mesa. 'I hope it's that easy,' Counsell said with a laugh Wednesday morning about Bruján's homer. Vidal has left the yard ladies and gentlemen. — Chicago Cubs (@Cubs) February 25, 2025 Alcántara is one of Chicago's top prospects and has put together an impressive spring early on. 'Stay hungry,' Alcántara said when asked what advice Sosa had provided. 'Play each game like it's your last.' Sosa isn't quite a hitting coach, but like other great former Cubs, he's a welcome addition to camp. Hall of Famers such as Ryne Sandberg, Fergie Jenkins and Billy Williams are regulars. Cubs legend Rick Sutcliffe is often around the team, and Mark Grace and Shawon Dunston make appearances, as well. But for Sosa, it's been a long time coming. When Sosa was last at Cubs spring training, he was a player working out at their old facilities at Hohokam Stadium. A decade later, the Cubs got a much-needed upgrade and moved to a different part of Mesa. 'This looks like Disney World,' Sosa said. 'It's incredible, beautiful. We didn't have that when we played.' A lot has changed since Sosa's time with the team, but his return means a lot to many fans and players. But most of all, it seems to be something Sosa has wanted, as it's clear he relishes the opportunity to once again be associated with the organization with which he became a superstar. 'All the players are happy for me to be here,' Sosa said. 'I have a lot to contribute here. I'm enjoying it right now.'
