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Home Blog Page 8639

Holley Earns 2 Upgrades, Shares Surge 21 percent

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Holley (NYSE:HLLY), a provider of high-performance aftermarket automotive products, saw its shares rise after receiving upgrades from JPMorgan and Bank of America. The stock jumped more than 21% intra-day today.
JPMorgan upgraded the stock from Neutral to Overweight with a $7 price target. BofA upgraded the stock from Neutral to Buy with a $6 price target.
The upgrades were driven by factors such as favorable valuation, revenue expectations for 2023 and 2024, margin improvement, and reduced leverage. BofA also noted positive web traffic data and the potential for cost-cutting benefits.

Lucid Reiterates Neutral Rating After Disappointing Q2 Deliveries, Stock Drops 11 percent

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Citi reaffirmed its Neutral rating and $8.00 price target for Lucid Group (NASDAQ:LCID). In their analysis, Citi noted that Lucid reported Q2 deliveries of 1,400 units, which remained flat compared to the previous quarter. This fell short of the analysts’ expectation of 1,800 units. Additionally, production for the quarter totaled 2,200 units, slightly lower than the 2,300 units in the previous quarter. As a result, shares dropped more than 11% intra-day today.
Considering the recent surge in the stock’s value, the analysts understand the pressure the company is facing due to the significant shortfall in Q2 deliveries and the widening gap between production and delivery. The analysts believe that this disappointing demand in Q2 does not necessarily reflect a broader trend in the adoption of electric vehicles (EVs), but it will likely increase scrutiny on the timing of the Gravity launch, potential new lower-priced Air trims, and Lucid’s overall branding and marketing efforts.

Straight butter: Caitlin Clark dairy-based statue coming to Iowa State Fair


Iowa All-American Caitlin Clark is among athletes synonymous with the state being immortalized in butter at the Iowa State Fair.

Long a tradition to feature a lifelike, life-size cow carving in a temperature-controlled setting on the Iowa fairgrounds with onlookers able to appreciate the artistry through a window, the Iowa State Fair commissioned dairy-based sculptures of Clark, Pro Football Hall of Fame quarterback Kurt Warner and late Iowa State running back Jack Trice.

All four statues will be carved by Sarah Pratt and be displayed at the John Deere Agricultural Building during the fair Aug. 10-20 in Des Moines.

Warner was born in Burlington, Iowa, and attended the University of Northern Iowa before playing in the Arena Football League and being discovered by the St. Louis Rams. He went on lead the Rams to a Super Bowl victory and play in the NFL’s championship game two other times.

Trice was the first African American athlete at Iowa State and the Ames-based university named its football stadium in his honor. Trice died due to injuries suffered on the field in 1923 after being trampled by multiple Minnesota players.

Clark was the National Player of the Year in women’s college basketball last season, guiding the Hawkeyes to the national championship game where Iowa lost to LSU.

–Field Level Media

Report: WNBA stars forming offseason league


WNBA star forwards Breanna Stewart and Napheesa Collier are forming an offseason U.S.-based women’s league that would both showcase the best players and comply with new WNBA rules, ESPN reported Thursday.

Stewart, of the New York Liberty, and the Minnesota Lynx’s Collier said the new league, named Unrivaled, plans to hold all events in Miami from January through March. In all, 30 of the top women’s players would be divided into six teams and play in 3-on-3 and 1-on-1 formats.

Their hope is to help the best WNBA players make enough money in the offseason that they can stay stateside and give up playing overseas. With family concerns part of the equation, the other half is the WNBA’s prioritization rule, which takes effect this coming offseason.

Under the rule, players must make their WNBA teams a priority and return from foreign commitments before the start of league training camp next spring. Often, the overseas season is still ongoing at the start of camp and sometimes into the season.

“It’s the ability for players to stay home, to be in a market like Miami where we can just be the buzz and create that with the best WNBA players,” Stewart told ESPN. “We can’t keep fighting (the WNBA’s prioritization rule). It is a rule that takes away our choices, which should never be a thing, especially as women, but it is still a rule.”

Stewart and Collier, both former UConn stars, discussed the idea over dinner along with Collier’s husband, Alex Bazzell. As basketball players and mothers, both see an opportunity for women to make money without leaving the United States.

“We’ve all been talking and realizing that we’re missing a moment, having a lot of our players be overseas or not playing basketball (during the offseason),” Stewart told ESPN. “… I think top players, they want to be playing, right? They want to be home, they want to be playing, but it has to make sense. It has to be right and the money has to be right. And I think that’s what Unrivaled is trying to do.”

While Stewart played in Turkey in the offseason, Collier stayed home after giving birth to her first child in 2022.

“I’m a homebody, by nature. I love being home for the holidays,” Collier told ESPN. “Being away from your family for six months, it’s not easy. Then the idea of having a family trying to figure out childcare overseas. That was kind of the main reason (for Unrivaled). But secondly, just the narrative around where the game is going right now. You have a lot of people, especially college players, saying that they would prefer to be in college than come to the league.

“And women’s basketball’s kind of the only place that that’s happening. It’s just not trending in the direction that we want. We’ve come so far. We want to obviously go a lot farther. So, having that narrative is just really harmful. And it’s true right now. So we definitely want to try to change that. I think we’re in such a special time right now. People are really finally starting to see the value of women’s sports.”

Stewart, 28, and Collier, 26, are working with potential business partners and are meeting with leaders from business and other sports leagues to form Unrivaled, with the goal of a January launch.

–Field Level Media

Dream stomp Sparks for second time in four days


Allisha Gray scored 23 points on 8-of-14 shooting from the floor, Rhyne Howard shot 5 of 9 from 3-point range and the Atlanta Dream used a balanced offensive attack to cruise to a 90-79 road victory over the Los Angeles Sparks on Wednesday.

Atlanta (8-8) trailed for all of 12 seconds in the opening minutes before a Nia Coffey 3-pointer ignited a 12-0 Dream run. Atlanta led the rest of the way, as Los Angeles (7-11) found itself playing catch-up from a deficit of as many as 15 points in the first quarter.

The Sparks battled back to within five points midway through the third quarter, thanks in part to Azura Stevens’ six straight points over one stretch.

But after Los Angeles trimmed the deficit to 56-51 with 5:05 to go in the third, Atlanta scored 13 straight points to take control for good. The Dream’s lead swelled to as many as 21 points in the fourth quarter.

Wednesday’s win was Atlanta’s third straight and second over Los Angeles in as many meetings. After Howard nearly set the franchise single-scoring record with 43 points in the Dream’s 112-84 win over the Sparks on Sunday, Atlanta took a different offensive approach to Wednesday’s victory.

Nine Dream scorers posted at least four points, with all five starters finishing with at least seven. Cheyenne Parker went for a double-double with 14 points and team-high 11 rebounds.

Coffey added nine points and six rebounds, and Danielle Robinson — who chipped in seven points — was one of three Atlanta players to pass for six assists (along with Gray and Howard).

Thirty of the Dream’s 33 made field-goal attempts came off of assists, including four from Haley Jones off the bench. AD Durr scored another seven points in reserve duty.

Nneka Ogwumike led Los Angeles with a double-double of 19 points and 10 rebounds. She was one of four Sparks scorers in double figures, joining Stevens (16 points), Jordin Canada (13) and Zia Cooke (11).

Canada also dished a game-high seven assists in her return to the lineup following a one-game injury absence.

–Field Level Media

Aces rally past Wings for ninth straight win


Jackie Young scored a team-high 28 points as the WNBA-leading Las Vegas Aces overcame a double-digit deficit and defeated the visiting Dallas Wings 89-82 on Wednesday for their ninth consecutive win.

The Aces, who were down by 14 points in the first quarter, improved to 16-1 this season. Las Vegas is also the only team in the league undefeated at home, 10-0.

Dallas, which was led by Natasha Howard, fell to 8-9 overall and 2-7 on the road. The Wings had their two-game winning streak end.

Howard scored a game-high 32 points, and she added a game-high-tying 13 rebounds. She made 13 of 23 field-goal attempts, including 3 of 9 from 3-point range, and she connected on all three of her foul shots.

Las Vegas also got 22 points and 13 rebounds from reigning league MVP A’ja Wilson. The Aces’ Chelsea Gray added 20 points, and she had a team-high six assists.

The Aces held Dallas’ Satou Sabally to nine points. She was coming off a season-high, 27-point performance in an 89-72 win over the Washington Mystics on Sunday. The Aces also held All-Star Arike Ogunbowale to 12 points — 10 below her season average.

Ogunbowale, who had a game-high seven assists, went scoreless in the second half.

In the first quarter, Dallas went on an 11-0 run for a 26-12 advantage with 2:32 left. However, Las Vegas closed the quarter on a 9-0 stretch, cutting the deficit to 26-21.

The Wings led 51-42 at halftime after shooting 48.8 percent from the floor, including 4 of 10 from deep.

Las Vegas shot a stellar 50 percent from the floor in the first half, including 5 of 12 from 3-point range, but the Aces were hampered by 10 turnovers.

Howard led all first-half scorers with 20 points. Young topped Las Vegas with 15 points at the break, and Gray had 14 points.

The Aces caught Dallas at 55-55 on two Wilson free throws with 5:42 left in the third quarter, but the Wings responded with an immediate 10-0 run.

Las Vegas’ defense then stiffened, holding Dallas to just two points over the final three minutes of the third quarter, cutting the gap to 67-65.

The fourth quarter featured five lead changes. The fifth change came on a 3-pointer by Alysha Clark with 5:32 left that gave Las Vegas a 79-76 advantage.

Wilson scored the next four points as the Aces pulled away.

–Field Level Media

Lynx lean on Napheesa Collier to best Fever


Napheesa Collier scored 32 points to go with eight rebounds and Kayla McBride added 21 points as the Minnesota Lynx defeated the Indiana Fever 90-83 in Minneapolis on Wednesday to stretch their winning streak to four games.

Lindsay Allen chipped in 16 points for the Lynx (8-9), who moved within a game of .500 after starting the season with six consecutive losses.

Minnesota shot 46.6 percent from the field compared to 47.1 percent for the Fever, who lost their fifth straight contest to fall to 5-12.

NaLyssa Smith notched a double-double of 18 points and 11 rebounds for Indiana, while Aliyah Boston contributed a team-high 22 points to go with nine boards.

Indiana remained close for much of the night, never trailing by double digits until the final 4:01. Containing Collier simply proved to be too difficult. She finished 11-for-23 from the floor while scoring at least 25 points for the fifth time in the past eight games.

Allen had six assists for the Lynx. Erica Wheeler had seven for the Fever.

Indiana capitalized on a frenetic pace to start the game, grabbing a 12-10 lead out of the gate, a spurt keyed by six points from Boston.

Minnesota gained momentum after that, though, scoring 16 of the game’s next 23 points to take a 26-19 advantage at the end of one quarter.

Collier had 16 points at the break while McBride added 10, helping the Lynx to a 47-42 halftime advantage behind 55.2 percent shooting from the floor. Indiana shot just 41.7 percent but stayed close thanks to Boston’s 16 points.

The Fever were plus-four on the glass in the first 20 minutes.

Minnesota led by as many as nine in the third quarter before claiming the double-digit advantage in the final minutes of the fourth.

Veteran center Amanda Zahui B., acquired Tuesday from Washington in a trade for Queen Egbo, was not with the Fever Wednesday.

Minnesota evened the season series with Indiana at one win apiece. The Fever are set to host the Lynx on Aug. 10 and Sept. 10.

–Field Level Media

Breanna Stewart pours in 43 points as Liberty hold off Mercury


Breanna Stewart delivered a masterful 43-point performance to help the host New York Liberty hold off the pesky Phoenix Mercury for a 99-95 win on Wednesday night.

Stewart scored 14 of the final 16 points for New York, which led 73-53 in the third quarter before a pair of Kayla Thornton flagrant fouls opened the door for a Phoenix comeback. The Mercury ended up taking a 94-92 lead on Michaela Onyenwere’s layup with 1:51 left in the game.

Jonquel Jones responded on the other end to even things at 94, and the Liberty took the lead for good at 96-94 on Stewart’s layup that allowed her to secure her second 40-point game of the season.

After Onyenwere split a pair of free throws to keep New York ahead 96-95, Stewart drained a runner in traffic on the other end to give the Liberty a three-point cushion with 18.1 seconds left.

Jones secured a crucial rebound following Shey Peddy’s miss, and Stewart’s ensuing free throw with 3.1 seconds remaining sealed the victory.

Stewart went 13-for-20 from the floor and 14-for-16 from the free-throw line. Betnijah Laney added 14 points for New York (12-4).

Diana Taurasi led Phoenix (3-13) with 23 points, going 5-for-9 from 3-point range. Brittney Griner poured in 21 points and grabbed eight rebounds, and Onyenwere contributed 19 points off the bench.

After Moriah Jefferson had opened the scoring with a 3-pointer that gave Phoenix its only lead of the first half, Sabrina Ionescu hit New York’s first triple, Stewart canned two more and Thornton added another as the Liberty’s lead swelled to 25-11 just under eight minutes into the game.

Stewart’s 11 points propelled New York to a 26-13 lead after the first quarter.

Phoenix settled in and scored the first 10 points of the second quarter to pull within three on Taurasi’s trey with 7:26 left. The Mercury went on to have a 33-point frame, but New York still managed to go into the break leading 53-46 behind 19 points from Stewart.

The Liberty opened the third quarter on a 20-7 run, going up 73-53 when Ionescu drained a 3-pointer with 4:46 to go until the fourth.

–Field Level Media

Bob Huggins maintains he’s still coach at WVU


Bob Huggins doubled down on his tedious legal Hail Mary on Monday, releasing a lengthy statement on letterhead that was titled “West Virginia University Head Basketball Coach” under his name.

Problem is, Josh Eilert is officially the head coach of the Mountaineers.

The statement follows a bizarre back-and-forth late Saturday night between a new attorney representing Huggins and the university, in which lawyer David A. Campbell maintained Huggins never resigned following a DUI arrest last month.

In fact, Campbell threatened to sue if West Virginia did not reinstate Huggins. Meanwhile, two other attorneys for Huggins have been actively working with WVU on retirement benefits.

On Monday, Huggins followed up on his own to say that he “never submitted the notice required under the Employment Agreement to voluntarily resign.”

“Now that I have obtained counsel to review the Employment Agreement and have seen WVU’s comments about my current status, it is clear that WVU did not handle the situation appropriately,” Huggins wrote. “More importantly, the basketball program is in need and I have a strong desire to conclude my career as the Head Basketball Coach for the program that I love. I hope to meet with WVU in the near future to resolve this situation.”

Not to be outdone, West Virginia released its own four-page letter Monday. That letter did not address Huggins’ statement but instead delved into the details from the Saturday night imbroglio.

West Virginia was firm and quick in its response Saturday night and it remained firm Monday that Huggins will never be coach of the Mountaineers again.

“But let me again restate the obvious: the University will not accept Mr. Huggins’ attempted revocation of his resignation, not will it reinstate him as head coach of the men’s basketball program,” wrote Stephanie Taylor, WVU vice president and general counsel.

Campbell on Saturday asserted that Huggins himself “has never communicated his resignation to you, the Athletic Director, or anyone at WVU.”

The university on Monday devoted more than 1 1/2 pages addressed to Campbell, detailing the myriad ways in which Huggins — or his other lawyers — communicated his resignation or, at least, never disputed that he had in fact resigned.

“I am still confused by your allegations,” Taylor wrote Monday. “Are you asserting that Mr. Huggins never resigned? Is it your position that Mr. Gianola, the longstanding lawyer for Mr. Huggins, engaged with the University on June 17 without the knowledge or authorization of Mr. Huggins? And then Mr. Huggins’ wife submitted his resignation without his knowledge or authorization?

“Finally, that Mr. Huggins did nothing to rectify this situation for almost three weeks? Or, are you asserting that Mr. Huggins did resign, but his notification did not meet the technical requirements under the Employee Agreement?”

Further muddying the waters is that Campbell is fighting one front for Huggins while two other attorneys of his, Bob Fitzsimmons and James “Rocky” Gianola, were busy hammering out an agreement with WVU for retirement benefits. That action was happening as recently as Friday, per the school.

Huggins apparently resigned on June 17, one night after his arrest on suspicion of driving under the influence in Pittsburgh. Huggins registered a .210 blood-alcohol content following a breathalyzer test — more than two times the legal limit in Pennsylvania.

WVU named Eilert interim head coach for the entire 2023-24 season a week later.

As for his part, Huggins apologized for the arrest Monday and said he “voluntarily checked into a world-class rehabilitation center.”

“I intend to remain in the center until I am cleared to return to my active coaching duties,” he said.

Huggins appeared in a Pittsburgh courtroom last Monday and waived his right to a preliminary hearing. A formal arraignment was scheduled for Aug. 17.

–Field Level Media

Texas adds top F Devon Pryor to 2023 class


Three-star recruit Devon Pryor committed to Texas and reclassified to the Class of 2023.

The 6-foot-7 forward committed to LSU in May for its 2024 recruiting class.

The prospect from Houston’s PSAT-XEA Academy also had offers from Texas A&M, Oklahoma State, Virginia Tech, Penn State, TCU and others.

Pryor ranked as the No. 28 small forward and No. 122 overall prospect in the Class of 2024, per 247 Sports. Updated rankings for 2023 are not yet available.

Pryor said his strong relationship with Texas coach Rodney Terry and his staff prompted his decision to reclassify and join the Longhorns instead of LSU.

“The communication and support they’ve shown is unmatched,” he told On3. “Texas has always been one of those schools that I’ve kept up with through my basketball career. I’ve seen the talent that has gone through and I believe I can be one of those guys and so do they. It’s a winning culture and a phenomenal place to be.”

The Longhorns finished 29-9 (12-6 Big 12) in 2022-23, including 22-8 after Terry replaced Chris Beard.

–Field Level Media