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Despite most gambling tickers hovering near 52-week lows as recession warning sirens blare louder, the sports gambling sector could be an attractive play through the rocky economic environment, according to one analyst. “The churn rates have been pretty low,” Macquarie Analyst Chad Beynon said on Yahoo Finance Live recently (video above). “The engagement, the retention of the tech that we’re seeing out there has been pretty good, and there haven’t been any new companies to come in the… Source link

Netflix (NFLX) might be the number one streaming service on the market — but that’s not always a good thing, at least according to a new note from Bank of America (BAC). The big bank, which slashed its price target on the stock from $240 a share to $196, surveyed over 1,200 U.S. adults to better understand Netflix’s position amid the competitive streaming landscape. According to the survey, Netflix remains the top most-subscribed-to service, capturing 79% of total respondents. Amazon Prime ( Source link

If Russell Westbrook returns to the Los Angeles Lakers next season, he better be prepared to take fewer shots. The Lakers have told Westbrook they want him to be a defense-first player if he is back with the team for the 2022-23 NBA season. Lakers vice president of basketball operations and general manager Rob Pelinka said he and new head coach Darvin Ham have spoken to Westbrook multiple times this offseason about his role. Westbrook is coming off a down season with the Lakers. He struggled… Source link

US stocks rose Friday morning, with the S&P 500 on track to end a three-week losing streak as investors digested the Federal Reserve officials’ latest affirmations that they remained committed to bringing down inflation. Contracts on the S&P 500 rose by about 0.8% in early trading, setting the index up for a back-to-back day of gains and its first weekly advance since late May. Dow futures rose by more than 200 points, or 0.7%, while Nasdaq futures increased by nearly 1% ahead of the opening… Source link

The brutal 2022 for stocks amid rising interest rates and soaring inflation has been particularly rough for technology-based growth stocks, and that could be an opportunity for longer term investors. “Every rally we’ve seen in tech has been met with harder selling in a lower low,” Jefferies Equity Research Analyst Brent Thill told Yahoo Finance (video above). “Right now, it feels pretty, pretty awful, which is a great sign.” For investors with a three- to five-year window, he added, now is a… Source link

NEW YORK — Paolo Banchero, Chet Holmgren and Jabari Smith were the big winners Thursday night, going Nos. 1-3 in the 2022 NBA draft. The Orlando Magic had the No. 1 pick for the first time since 2004 and selected Duke’s Banchero, making him the second No. 1 pick from Duke in the past four years (Zion Williamson went No. 1 in 2019). Oklahoma City remained patient with its rebuild, adding the most polarizing player in the draft, 7-foot-1, 195-pound center Chet Holmgren, and Jabari Smith is… Source link

1. Orlando Magic: Paolo Banchero, PF, Duke Banchero isn’t as agile and lacks the lateral quickness Jabari Smith and Chet Holmgren have but he has the most NBA-ready body at 6-foot-10 and 250 pounds. The Duke forward can be plugged in right away alongside Wendell Carter Jr. for some added size and is comfortable starting the offense as a primary ball-handler of missed shots. Grade: A- Holmgren in the frontcourt with 7-foot Aleksej Pokusewski will be a sight. General manager Sam Presti knows… Source link

By Jeff Montgomery (June 23, 2022, 9:10 PM EDT) — A Delaware Chancery Court litigation reserve compromise has potentially freed up another $360.4 million for former Yahoo Inc. stockholders still waiting for the balance of their cashout following Yahoo’s acquisition by Verizon Inc. in 2016. Attorneys for Altaba — the post-sale successor to Yahoo — told Vice Chancellor J. Travis Laster during a status conference Thursday afternoon that software venture Droplets Inc. had agreed to a… Source link

NEW YORK — The Orlando Magic selected Duke forward Paolo Banchero with the first pick in the 2022 NBA draft on Thursday night. After weeks of Auburn’s Jabari Smith being projected as the consensus top pick, the Magic shocked everyone by selecting Banchero. Banchero is the second No. 1 pick in the last four years for the Blue Devils (Zion Williamson went No. 1 to the New Orleans Pelicans in 2019), and the fifth top overall pick in program history. Banchero, a 6-foot-10, 250-pound forward,… Source link

Downturns can bring a lot of pain, but they can also bring on plenty of opportunities, as lower stock prices start making costs of entry more attractive. Before taking advantage of these opportunities, however, investors need to find a recognizable signal that will set them apart. One popular signal to follow is the insider buying, the trades made by high-ranking company officers whose positions give them the ‘inside’ track on their company’s likely prospects – and therefore, of the… Source link