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Home Blog Page 8610

MLB News: Rockies 2B Brendan Rodgers nursing dislocated shoulder


Colorado Rockies second baseman Brendan Rodgers is scheduled to undergo additional tests on his dislocated left shoulder on Wednesday.

Rodgers sustained the injury while diving for a ball in the infield during the first inning of Tuesday’s Cactus League game against the Texas Rangers in Surprise, Ariz. Rodgers remained down for a few minutes before walking off the field with assistance.

“This was a pretty classic (shoulder injury),” manager Bud Black said Tuesday. “The shoulder joint popped out on him and they put it back in.

“… We’ll likely know more what (his) status is in the coming day. The degree of trauma in the joint will determine how long he’s out. Hopefully, the trauma to the shoulder capsule is not too bad and he’s only out a few weeks.”

Rodgers, 26, won his first Gold Glove last season. He batted .266 with 13 homers and 63 RBIs in 137 games in 2022.

He is batting .266 with 28 homers and 123 RBIs in 271 career games since being selected by the Rockies with the No. 3 overall pick in the 2015 MLB Draft.

–Field Level Media

Why is Groupon stock a better investment than Target?

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Shutterstock Ground Picture
Groupon, Inc. Common Stock  (GRPN)

Although its stock price has taken a hit recently, Groupon (GRPN) actually has some recession-proof features that the market is currently overlooking. Think about the possible causes of their rebound from the recent drop.

Groupon Inc. is well-liked on the stock market (GRPN). As a rule, investment experts advise clients to buy shares. Analysts expect the share price to rise 48.54 percent next year, as evidenced by the average price estimate of $49.

The genesis of Groupon can be reduced to the company’s supply of online marketing for local businesses, which was previously out of reach for many small enterprises. The local businesses that partnered with Groupon provided special deals to the Groupon customers as a means of attracting them. Groupon got a cut of the promotional sales as payment for hosting the promotion, while customers saved money. It was an innovative idea that capitalized on the cost reductions that come from purchasing in large quantities and the booming business of online shopping.

A number of other hedge funds have also lately made changes to their stake in the company. During the second quarter, OLD Mission Capital LLC invested roughly $250,000 in new Groupon shares. Verus Capital Partners LLC added a new position in Groupon shares during the second quarter, valued roughly $162,000. Mizuho Markets Americas LLC raised its holdings in Groupon by 4.2% in the second quarter. Mizuho Markets Americas LLC now owns a total of 127,917 shares of the discount company’s stock worth $1,445,000 after purchasing an additional 5,100 shares in the previous quarter. During the first three months of the year, Ergoteles LLC invested $276,000. Raymond James & Partners spent about $273,000 during the first quarter to increase their holdings in Groupon. Five-seventeenths of the stock is owned by institutional buyers.

Target Corporation (NYSE: TGT)

Sales at Target were up 1.3% to $31.48 billion. Interestingly, the business attributes all of the growth to a 0.7% increase in comparable store traffic. E-commerce same-day service was also robust, contributing 10% of total income and growing by 4.3% year-over-year.

However, margins shrank to a certain degree as stock-clearing efforts, price increases, and losses from theft all ate into profits. It’s important to take notice of shrinkage, as at least a second major retailer has noted this as an increasing problem that will only get worse before it gets better. Positive news is that Q4 adjusted profits of $1.89 were $0.49 higher than forecast, offsetting some of the decline. Sales are down 60% compared to this time last year, and profits are down 40% year over year.

CWEB Target Stock Chart

An unsettling aspect of the study is the advice. The business is providing revenue and earnings guidance that includes a sizable amount of uncertainty. Last but not least, the guidance is substantially below the high end of the ranges of the Marketbeat.com consensus figures, meaning Target will need to perform very strongly even to meet what the market anticipates.

Target  is currently trading at  $170  and  Groupon  is trading currently at  $7.53. If you compare both companies  Groupon  can easily reach over  $90  a share by end of 2023 which makes it a better investment and buy opportunity for the savvy investor.

Authors of this Blog own shares: of Groupon and Apple

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How Groupon Will Revolutionize And Help The Retail Industry Post Covid -19

DeSantis takes control of Disney World’s special tax district

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Image Credit Gage Skidmore Flickr

In addition to putting the region under state receivership and appointing five people to a state control board, Ron Desantis also signed legislation to remove Disney’s self-government status.

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Disney will live under the same laws as everyone else, no longer have its own government, and pay its fair share of taxes and debts. In a press conference on Wednesday, DeSantis said, “This is obviously going to be managed by the state of Florida, which is no longer self-governing for them.” So, a new sheriff has been appointed, and that is the way things will remain.

The new law gives Florida governor  DeSantis  the power to pick and choose his nominees to the board. They include the following:
Martin Garcia
Garcia is a Tampa lawyer and Republican donor. His private investment firm gave $50,000 for DeSantis’ reelection.
Bridget Ziegler
Ziegler is a Sarasota County School Board member. She was the co-founder of Moms for Liberty, a conservative organization. She is also the wife of the new chairman of the Floridian Republic Party–Christian Ziegler.

After more than fifty years of quasi-governmental autonomy, Walt Disney World’s sovereignty over its special tax district was finally ended by the Florida Senate on Friday by a vote of 26-9.

Disney’s footprint in Florida extends across two counties: Orange and Osceola. Disney’s special district was called Reedy Creek and has now been renamed as the Central Florida Tourism Oversight District.

DeSantis had been pushing his “war on wokeness” for a while as he allegedly prepares for a role at the national level of the GOP. His actions have been criticized by GOP stalwarts including former Vice President Mike Pence and New Hampshire Governor Chris Sunumu, two Republicans who are expected to stand in the primaries before the 2024 Presidential elections and could be in direct competition against DeSantis, although he hasn’t as yet confirmed that he would be a presidential candidate in 2024.

The GOP stalwart previously clashed with the business last year after it openly rejected his “Don’t Say Gay” measure, which forbade discussion of sexual orientation in the classroom from kindergarten through the third grade.

Gov. DeSantis disregarded the censure leveled at him. Instead, he expanded the criticism of Disney by providing podium time to speakers who criticized the company’s other policies. They protested Disney’s anti-vaccine and anti-mask policies, its treatment of firefighters, and its more recent amusement choices, which include what many conservatives refer to as “woke” entertainment.

Celebrity News Update— Premier Jewelry designer and manufacturer fashion house  ParisJewelry.com  has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with  OrganicGreek.com  Vitamin Bottles, Vitamins and Herbs. Become a  WebFans  Creator and Influencer.

California Gov. Newson signs law to make abortions cheaper in state

 

 

What to Expect From The Kroger’s Upcoming Q4 Earnings Announcement?

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Oppenheimer analysts provided their outlook on The Kroger Co. (NYSE:KR) ahead of the upcoming Q4 earnings release, scheduled on March 2.
The analysts expect another above-plan delivery and believe management could introduce guidance above the Street estimates. Their conservative full 2023-year EPS forecast of $4.30 remains above the Street estimate of $4.19.
According to the analysts, investor sentiment has waned toward the company lately amidst uncertainty on the approval of the ACI merger, a peaking food inflation cycle, and continued grocery share shifts to value channels.
The key focus of the call will be (1) Q4 results/2023 guide, (2) an update on the pending ACI merger, (3) a new e-commerce forecast amidst a slower shift in 2022, and (4) management’s food inflation expectations.

Uniti Group Reports Worse Than Expected Q4 Results

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Uniti Group Inc. (NASDAQ:UNIT) reported its Q4 earnings results on Friday, with EPS of $0.13 coming in worse than the Street estimate of $0.18. Revenue was $283.74 million, missing the Street estimate of $285.54 million.
Management is focused on driving organic growth, and remains disciplined with regard to M&A. It does not expect any transactions in the near term given the macro environment.
The company introduced long-term organic growth targets for its strategic fiber business. Through 2030, management projects strategic fiber revenue/EBITDA midpoints of $850 million/$575 million, equating to CAGRs of approximately 7% and 9%, respectively.

Zscaler’s Upcoming Q2 Earnings Preview

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RBC Capital analysts provided their outlook on Zscaler, Inc. (NASDAQ:ZS) ahead of the company’s upcoming Q2/23 earnings announcement on March 2.
The analysts expect a slight upside to results, though less than prior quarters given an uneven macro environment in addition to the incremental risk from their prior sales reorganization and lower job postings.
The analysts look for (1) a slight upside to Q2 revenue vs. guidance of $364-366 million and a Street estimate of $366 million, and (2) a slight upside to billings vs. a Street estimate of $491 million.
The analysts believe guidance is de-risked as it assumed no December budget flush. They believe guidance could move slightly higher through the year in addition to 150-180 bps margin expansion in fiscal 2023.

Teladoc Shares Drop 6 percent Despite Q4 Beat

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Teladoc (NYSE:TDOC) shares fell more than 6% on Thursday despite the company reporting better-than-expected Q4 results. EPS came in at ($0.23), beating the Street estimate of ($0.25). Revenue was $637.7 million, compared to the Street estimate of $633.4 million.
One of the key takeaways from the results was the company’s pivot from an equity growth story to more of a value/margin expansion story. This represents a pretty dramatic pivot from the messaging at the company’s investor day in late 2021.
While the company’s 2023 targets seem achievable, it is targeting low single-digit membership growth and mid-single to low-double-digit revenue growth in the consolidated business.

WTA News: WTA roundup: Top seed Magda Linette falls in Austin


Russia’s Varvara Gracheva earned consecutive service breaks late in the third set to pull out a 6-3, 4-6, 6-4 win over top-seeded Magda Linette of Poland on Tuesday in the first round of the ATX Open in Austin, Texas.

Gracheva converted her fifth break point of the game to go up 5-3 in the third set, but Linette immediately broke back to extend the match. Gracheva closed out the victory in the next game, converting the sixth of her 12 break-point opportunities in the contest.

The other seeded players in action all advanced. No. 3 Anastasia Potapova of Russia routed the United States’ Elizabeth Mandlik 6-2, 6-0. No. 5 Sloane Stephens won an all-U.S. matchup with Taylor Townsend 6-3, 6-3, and No. 4 Danielle Collins of the United States downed Poland’s Magdalena Frech 6-7 (7), 6-2, 6-4. No. 8 Marta Kostyuk of Ukraine ousted Hungary’s Dalma Galfi 7-5, 6-1.

Also moving on were Russia’s Erika Andreeva and Anna Kalinskaya, Germany’s Anna-Lena Friedsam and the United States’ Madison Brengle, Coco Vandeweghe and Caty McNally.

Abierto GNP Seguros

Russia’s Kamilla Rakhimova saved a match point in the third set en route to a 7-6 (6), 2-6, 7-6 (5) upset of sixth-seeded Katerina Siniakova of the Czech Republic in first-round action at Monterrey, Mexico.

Rakhimova was down 4-5, 30-40 in the final set before winning the next three points to prolong the match. The subsequent tiebreaker saw the server lose seven of the 12 points, including Siniakova dropping the last point.

Top-seeded Caroline Garcia of France defeated Slovenia’s Kaja Juvan 6-3, 6-4, and third-seeded Donna Vekic of Croatia, fourth-seeded Elise Mertens of Belgium, seventh-seeded Mayar Sherif of Egypt and eighth-seeded Elisabetta Cocciaretto also moved on.

Other Tuesday winners were Germany’s Tatjana Maria, Spain’s Nuria Parrizas Diaz, China’s Xinyu Wang, the United States’ Emma Navarro and Romania’s Elena-Gabriela Ruse.

–Field Level Media

PGA News: Jon Rahm motivated by No. 1 battle with Rory McIlroy, Scottie Scheffler

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Rory McIlroy issued a one-word response when asked earlier this month if he felt like the best player in the world.

“Yes.”

That was before the Waste Management Phoenix Open, when the Northern Irishman indeed occupied the top spot in the Official World Golf Ranking.

McIlroy, who regained the No. 1 ranking in October, would remain on that perch for only a few more days before Scottie Scheffler snatched it by successfully defending at TPC Scottsdale. Scheffler’s reign lasted exactly one week, with Jon Rahm reclaiming the No. 1 ranking with his victory at The Genesis Invitational.

The Spaniard holds the spot entering this week’s Arnold Palmer Invitational. Asked on Tuesday if there’s anyone who could beat him when “firing on all cylinders,” Rahm issued his own one-word response.

“No.”

He was quick to add that he hopes a lot of players would feel the same way.

It’s hard to argue with the confidence Rahm has in the state of his game. He arrived at Bay Hill coming off his fifth win in his past nine worldwide starts, and Rahm is the first player since Johnny Miller in 1975 to win three events in a year before the calendar reached March.

“There’s a lot of satisfaction that comes to it when you get to be No. 1 when the other players have been playing great golf as well,” Rahm said. “Scottie had a great year last year, Rory had a great year last year, and then towards the end of the year I kind of picked up.

“And even with Scottie winning at Phoenix, I was able to get to No. 1 right after.”

How long Rahm stays there remains to be seen — McIlroy or Scheffler could leapfrog him again depending upon how things go at Bay Hill.

Rahm, who has been an outspoken critic of the OWGR, acknowledged the power struggle over No. 1 between three players competing at such an elite level is exciting for the game.

“I mean, it’s been great,” he said. “What is it, the most amount of No. 1 changes in this short period of time? I saw some of those stats because it’s just really interesting, which speaks to the greatness of the game of golf right now, how good everybody’s been playing.”

The revamped schedule and increased purses the PGA Tour implemented in response to the threat from LIV Golf has led the top players competing in the same event far more often.

This week, 43 of the top 50 players in the OWGR are at Bay Hill — the most at an event since the 2022 Open Championship. The majority of them will head two hours north for next week’s Players Championship.

That’s all with an eye toward the Masters the first week of April.

Rahm said he recently received some advice from Tiger Woods on how to maintain to keep his game at its peak level for as long as possible.

“I asked him, ‘Out of the 82 wins on the PGA Tour,’ — I didn’t get into the other ones — ‘how many times do you think you played your best all four days?’ And he said, ‘Three at most.’ Right? A lot of those Sundays he played his best, but the whole week, very few.

“The thing is, you don’t need to be firing on all cylinders to win.”

Perhaps the ongoing threat from the likes of McIlroy and Scheffler at the top of the world rankings will continue to push Rahm to maintain his current level.

“There’s a lot of satisfaction that comes to it,” he said of being No. 1 in the world. “When we’ve been playing the way we’ve been playing, it’s a lot of fun.

“You should sit down and reflect and enjoy what you’re doing, obviously. But as competitors you don’t want it to end, obviously.”

–Field Level Media

Armstrong World Reports Q4 EPS Miss, While Revenues Beat Estimates

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Armstrong World (NYSE:AWI) reported its Q4 results last week, with EPS coming in at $1.08, worse than the Street estimate of $1.12. Revenue was $304.5 million, better than the Street estimate of $299.33 million.
Adjusted EBITDA in the quarter was $91 million, shy of the Street estimate of $95 million and the adjusted EBITDA margin contracted 130bps to 29.9%.
The company provided its fiscal 2023 outlook, expecting EPS in the range of $4.80-$5.05, worse than the Street estimate of $5.25. Full-year revenue is expected to be in the range of $1.26-1.31 billion, compared to the Street estimate of $1.29 billion.