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Hat tip to you, Bank of America analyst Curtis Nagle for adhering to some very basic principles of investing, which still matter even though meme stock traders couldn’t care less about valuation methodologies, free cash flow outlooks or margin structures.  After seeing Bed Bath & Beyond (BBY) shares explode 62% on June 2, Nagle said in a research note on Friday that it’s time for him step back from the volatile stock.  “This [move in the stock] comes in the context of no significant updates… Source link

President Biden has a real chance at reaching his ambitious goal of getting 70 percent of American adults partially vaccinated by July 4. States have begun to loosen restrictions as COVID-19 cases, hospitalizations and deaths have decreased across the nation. But President Biden’s chief medical adviser, Dr. Anthony Fauci, says not so fast. So is the U.S. really in the clear with COVID-19 yet? Yahoo News West Coast Correspondent Andrew Romano explains. Source link

Associated Press Normandy commemorates D-Day with small crowds, but big heart COLLEVILLE-SUR-MER, France (AP) — When the sun rises over Omaha Beach, revealing vast stretches of wet sand extending toward distant cliffs, one starts to grasp the immensity of the task faced by Allied soldiers on June 6, 1944, landing on the Nazi-occupied Normandy shore. Several ceremonies are scheduled Sunday to commemorate the 77th anniversary of the decisive assault that led to the liberation of France and… Source link

Reuters Soccer-European Super League plan not a coup but a ‘cry of alarm’, Agnelli says The plan to create a breakaway Super League was not a coup but a way to save the soccer industry, which has been dramatically hit by the coronavirus pandemic, European Super League founder and Juventus chairman Andrea Agnelli said on Friday. “The Super League is not a coup, but a desperate cry of alarm for a system that, knowingly or not, is heading towards insolvency,” Agnelli said at a news conference… Source link

LOS ANGELES — Los Angeles Lakers star Anthony Davis walked out of Staples Center Thursday night without any regrets about attempting to play in Game 6 with a left grain strain. “I couldn’t move to my right,” Davis told Yahoo Sports after the Phoenix Suns eliminated them in six games. “That’s why I reacted that way [in the first quarter] when [Devin] Booker drove left and I had to slide to my right. That s*** hurt. There was nothing I could do, but I just wanted to be out there for… Source link

Vanessa Bryant surprised Kobe Bryant’s sister, Sharia Washington, with a brand new car. Bryant purchased a new Tesla, which she gifted to Washington on Thursday. Both Bryant and Washington shared pictures and video of the moment on Instagram. The first post from Bryant contains a picture of the two hugging in front of the new Tesla. In the video on the post, Washington wipes away tears as she is presented with the car. Washington also posted two pictures from the day, saying she was… Source link

U.S. Labor Secretary Marty Walsh is giving a thumbs up to the May jobs report, but acknowledges it will take some time for the labor market to fully recover from the COVID-19 pandemic.  “There is no question there is still a ways to go in still dealing with the pandemic from all of the job loss at the beginning of the pandemic,” Walsh said on Yahoo Finance Live.  The Labor Department reported Friday that non-farm payrolls increased by 559,000, falling shy of Wall Street’s estimates for a… Source link

At least one bettor is extremely confident in the Los Angeles Clippers‘ chances of forcing a Game 7 in their first-round series with the Dallas Mavericks. A bettor at BetMGM has placed a $69,300 wager on the Clippers -2.5 vs. the host Mavericks on Friday night. If the Clippers win by three or more points, that bettor will net $63,000. If the Clippers win by one or two or the Mavericks win, well, the book will be happy to keep that bettor’s money. The Mavericks lead the series 3-2 and can… Source link

You can never have too many friends. You can never have too much pizza. You can never have too many guitars. You can never have enough pitching, either. That goes for real-life baseball and the fake-stat-grab baseball we love so much. So count me in on Dodgers right-hander Tony Gonsolin, with a high level of excitement. He’s coming back from a shoulder injury and has been fine in three short rehab outings (10.1 IP, 6 H, 4 ER, 3 BB, 9 K). The real selling point is what he’s done in 86.2… Source link

(Bloomberg) — For Biogen Inc., the Food and Drug Administration’s expected decision Monday on its Alzheimer’s drug is what a JPMorgan Chase & Co. analyst called “the mother of all binary events” — one that could send its shares veering sharply in either direction. If regulators give the company approval to market the drug, called aducanumab, the stock could surge to as much to $450, according to Wall Street analysts. Or it could tumble to $200 if the treatment is shot down,… Source link