sports

Lowe’s, Madison Square Garden Sports, Nike, Salesforce and Microsoft highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – October 9, 2020 – Zacks Equity Research Shares of Lowe’s Companies, Inc. LOW as the Bull of the Day, Madison Square Garden Sports Corp. MSGS asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NIKE, Inc. NKE, salesforce.com, inc. CRM and Microsoft Corporation MSFT.

Here is a synopsis of all five stocks:

Bull of the Day:

As the Covid-19 pandemic stretches past its 200th day and Americans remain mostly in their homes as much as possible, there have been many winners and losers in the business world. The losers have been businesses that rely on in-person interactions for a significant portion of their revenues. Travel, leisure and entertainment have all suffered mightily.

Technology and technology services like video conferencing and file sharing companies that allow people to work at home more efficiently have been the obvious winners.

There have also been winners in lower-tech industries that suddenly find their goods and services in increased demand – and customers who’s lack of recent spending on recreational pursuits has left them with additional cash in their budgets.

Have you been to a home improvement store lately? With the exception of physical formats that have been tweaked to promote social distancing, you’ll probably find that it looks pretty much like business as usual.

For a huge retailer like Lowe’s Companies, a quick look at recent financials confirms that not only is it “business as usual,” in may respects, it’s better than usual. Suddenly consumers who have been confined to their homes have been embarking on a wide variety of home improvement projects.

The more time you spend in your home, the more likely you are to take on those nagging minor repairs that have been on your “to-do” list forever, as well

Olympics reform bill passes House after abuse scandals rocked sports

Born out of the sexual abuse scandal that rocked the gymnastics world and toppled the leadership at the USOPC, the Empowering Olympic, Paralympic, and Amateur Athletes Act empowers Congress to decertify individual sports’ governing bodies and dissolve the USOPC’s board of directors. It also calls for better athlete representation in governing bodies and more funding for the U.S. Center for SafeSport, a nonprofit charged by Congress with policing sexual abuse in Olympic sports. Rep. Ted W. Lieu (D-Calif.), co-sponsor of the House bill, called it a potential “sea change.”

“We know from the Larry Nassar scandal and other scandals that we have to make the entire Olympic system much more athlete-centered,” Lieu said in a telephone interview.

Lawmakers from both parties have said they hope Trump will quickly sign it into law. A White House spokesman this week declined to comment on the president’s plans.

The bill effectively means that Congress will keep close watch on Olympic organizations, receiving annual reports and audits, and will be poised to take further action, if needed.

“Laws are dead letter and worse than worthless if they are not effectively enforced,” Sen. Richard Blumenthal (D-Conn.), a co-sponsor in the Senate, said in a phone interview. “So I want to make sure Congress continues its strong oversight. …If there’s a need for more reform, I will have no reluctance to advocate more measures. I have no illusions that this legislation is the end of the story or that it’s a perfect solution. We’ve done our best on this first set of reforms, and I think it’s designed to change the culture and character of these agencies, as well as the culture of sport.”

Some of the biggest potential changes might not be known for months or longer. The bill calls for the creation of a