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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

Bear of the Day: Madison Square Garden Company (MSGS)

It’s one of the most famous sports and entertainment venues in the world. Known colloquially as simply “The Garden” and situated right in the middle of Manhattan, Madison Square Garden is the oldest stadium in both the NBA and the NHL and has also hosted countless music, arts and comedy events over the past 52 years. For athletes and performers, “playing at the Garden” is synonymous with having reached the top of their field. It’s truly iconic.

The Madison Square Garden Company (MSGS) doesn’t own the building – the property itself belongs to a related company.*

MSGS owns the NBA’s New York Knicks and the NHL’s New York Rangers – two teams who play in the building and have enjoyed a huge local market and loyal fans around the country who buy up licensed merchandise and watch televised broadcasts. They also own several minor league franchises in both sports, training centers and even an esports team.

*(For clarification: Madison Square Garden Entertainment (MSGE) owns not only that notable, hulking physical facility that looms over two city blocks between 7th and 8th avenue in the low 30s; it also owns Radio City Music Hall and the Beacon Theater in Manhattan, the Chicago Theater, The Forum in Inglewood, CA and Boston’s Wang Theater. All those venues are currently closed. MSGE is currently a Zacks Rank #4 [Sell].)

Live sporting events are a very tough business to be in right now. The NHL cancelled the remainder of the regular season at the beginning of the outbreak in the US in March and pulled together a modified playoff format so that they could still award the Stanley Cup – which was eventually won by the Tampa Bay Lightning. Most teams had played roughly 70 out of a planned 82-game regular season schedule.

It was

Madison Square Garden extends furloughs for 1,700 workers

There’s no indication of just how long temporary will be. Despite the rest of the city reopening, performances and events have been disallowed since March. When those types of large-scale gatherings will be safe again is anyone’s guess, and the Garden’s filing shows how that prolonged uncertainty is touching even the most well-known names in the city. Madison Square Garden Entertainment Group, the Garden’s parent company, reported just $9 million in total revenue in its most recent quarterly report, a 96% decrease on the $215.2 million it brought in for the same quarter in 2019. 

Many of the city’s other venues also are in financial distress. The Metropolitan Opera House said in September that it would not reopen for at least a year, and a similar filing with the Department of Labor shows it has furloughed or laid off more than 2,000 people. Broadway’s layoffs have surpassed 1,000, and Carnegie Hall has dipped into its endowment. 

Madison Square Garden Entertainment Group owns the Beacon Theatre and Radio City Music Hall in addition to its Penn Plaza site. The extended furloughs mainly hit its Penn Plaza workforce, although they also affect 54 workers at the Beacon Theatre and 140 workers at Radio City Music Hall. 

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Gates and Markowitz square off again for House District 28

In January, Republican Gary Gates defeated Democrat Eliz Markowitz in a special election for the position of state representative for House District 28. The vacancy was left by Rep. John Zerwas midterm, which opened the position again for this November. The two candidates are now running against each other for the same seat nine months later.

Both candidates participated in a question and answer series on their respective opinions on issues facing the district.

Tell us a little about yourself. What made you decide to run for House District 28?

Gates: This community has given me so much; I founded my business here and raised my family here; I want to do what I can to give back. Shortly after I was elected, COVID-19 began to devastate Texas, and Fort Bend County was on the front lines. We had the first case in the state. As businesses shut down and seniors were told to stay in, I went to work contacting residents to connect them with the information and resources they needed. We reached out to over 30,000 people and distributed care packets to over 15,000 residents here in Fort Bend

Together, we are weathering the storm, but COVID-19 will not be the last challenge we face. I want to help our community be prepared for what lies ahead and give our families and the next generation every chance to succeed.

Markowitz: I’m a Fort Bend County native with an educational background in computer science, business, healthcare, and education and a professional background in all of the aforementioned fields. I believe that my diverse educational and professional background provides me with a unique perspective on the issues that are most concerning to the constituents of HD 28 and Fort Bend County. I previously ran for the Texas State Board of

American Four Square, Updated Kitchen, Fireplace, Bonus Room

CHICAGO, IL — This stunning American Four Square blends historic character and charm with all the amenities of modern living in a much sought-after neighborhood. The 1911 home boasts a formal living room with hardwood floors, wood-beamed ceiling, original pocket doors and a wood burning fireplace. The remodeled, open concept kitchen opens to the dining room and features stainless steel appliances, huge island and concrete counters and walk-pantry (2010). There is a main level mudroom with lockers, office space and 4.5 spacious bedrooms, 2.5 ceramic baths, upper level laundry room and a huge third-floor bonus room or master suite with a balcony. The home comes with a full finished basement (2015), fresh paint, skylights, newer concrete, newer half bath (2010) and entire exterior of home stained in 2014. Fenced-in big yard, covered front sitting porch, deck (2010), playhouse, patios, 2-car detached garage.

  • Address: 10848 S Bell Ave, Chicago, Illinois
  • Price: $539,900
  • Square Feet: 3200
  • Bedrooms: 5
  • Bathrooms: 2 Full and 1 Half Baths
  • Built: 1911
  • Features: This stunning American Four Square home blends historic character & charm with all the amenities of modern living! Formal living room features hardwood floors, wood-beamed ceiling, original pocket doors, leaded glass windows, & woodburning fireplace. Completely remodeled open concept kitchen opens to dining room & features stainless steel appliances, huge island, concrete countertops, shiplap wall, & walk-in pantry (2010). Main level mudroom w/lockers (2012), office space, den, 4/5 spacious bedrooms, 2-1/2 ceramic baths, upper level laundry room, plus huge 3rd floor bonus room or master suite w/balcony! Full finished basement w/vinyl plank flooring & tons of storage (2015). Fresh paint, skylights, newer concrete, newer half bath (2010), & entire exterior of home stained in 2014. Outdoor space is absolutely UNMATCHED– from the covered front sitting porch to the balcony overlooking Crescent Park– this home’s