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☆ Barstool's Dave Portnoy won $2.7 million betting on UConn in NCAA men's final
▼ + stars: | 2024-04-09 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn's big win over Purdue Monday night in the NCAA men's championship game. FanDuel said the men's championship game saw a 52% year-over-year increase in bet count and a 42% year-over-year increase in handle. At Caesars , Monday's championship game accounted for the most same-game parlays ever placed on a college basketball game at their sportsbook. FanDuel, BetMGM and Fanatics say the championship game was their single biggest betting event on women's sports. Caesars said the women's championship saw double the previous handle record for a women's college basketball game.

Persons: Dave Portnoy, Portnoy, DraftKings, Barstool, FanDuel, Craig Mucklow, Caitlin Clark, BetMGM, Mucklow Organizations: Florida Atlantic Owls, Loyola, Ramblers, Wintrust Arena, Barstool Sports, Purdue, NCAA, Huskies, CNBC, DraftKings, Penn Entertainment, Washington , D.C, American Gaming Association, Caesars Locations: Chicago , Illinois, Washington ,

☆ Won (or lost) your March Madness bets? Don’t forget to report them on your taxes
▼ + stars: | 2024-04-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —If you won big on bets you made for the March Madness men’s and women’s NCAA tournaments, enjoy the money. So if you made bets last year, here’s what you need to do on your 2023 tax return, which is due for most people on April 15. Your winnings also may be subject to state tax, unless you live in the dozen or so states that exempt gambling winnings. It will then be up to you on your tax return to square whether you owe more or less on your winnings. So say you won $1,000 in 2023 at the tables in Vegas, but you lost $1,500 betting on last year’s March Madness tournament.

Persons: ”, Mark Luscombe, Luscombe, ” Luscombe, Daniel Rahill Organizations: New, New York CNN, NCAA, American Gaming Association, IRS, Wolters Kluwer, Accounting, Wintrust Wealth Management, Illinois CPA Society Locations: New York, Vegas

☆ UBS: Buy these 20 stocks for high-upside earnings while Q2 results disappoint
▼ + stars: | 2023-07-20 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are 20 stocks that UBS says will post better-than-anticipated earnings in Q2. During the first week of Q2, earnings estimates for the quarter were revised lower by just under 1 percentage point, Simonds noted. 20 stocks with the most earnings upside in Q2While stocks broadly may struggle to achieve earnings growth in Q2, UBS analysts are confident that some companies can blow estimates out of the water. Below are the 20 US-based stocks that UBS analysts believe have the most earnings upside in Q2 compared to consensus estimates. Note that one company, Wintrust Financial Corporation, already reported Q2 earnings on July 19.

Persons: Sean Simonds, Simonds Organizations: UBS, Wintrust Financial Corporation

☆ Fact Check-WNBA Championship parade video miscaptioned as 2023 NBA Championship parade
▼ + stars: | 2023-06-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video showing aerial views of the WNBA Championship victory parade in Chicago in 2021 has been mislabeled in online posts mocking sparse turnout for the 2023 NBA Championship victory parade for the Denver Nuggets. “Nobody showed up to the Denver Nuggets championship parade,” read a tweet sharing the old footage (here). The city of Denver, which hosted the championship parade, estimated that 750,000 people attended (here). The full Denver Nuggets 2023 Championship parade footage shared by the NBA can be seen (here). Video shows the WNBA championship victory parade for Chicago Sky in 2021.

Persons: “, Read Organizations: WNBA, Denver Nuggets, Facebook, Chicago Sky, Newsweek, Wintrust, Google, Chicago, NBA, Reuters Locations: Chicago, Michigan, Denver

☆ Wall Street analysts like these regional bank stocks if you can withstand the chaos in the market
▼ + stars: | 2023-05-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The continued slide for regional bank stocks after the failure of First Republic last week has created some buying opportunities in the sector, according to Wall Street analysts. "We believe this recent stock reaction is overdone as there is currently no evidence of accelerating deposit outflows. We see accelerating deposit costs, not accelerating deposit outflows, as the most significant headwind for the midcap banks over the next several quarters," Gosalia wrote. Huntington and Webster also rise to the top of the heap for RBC Capital Markets analyst Jon Arfstrom. Both Huntington and Webster are down about 30% for the year, which is better than the SPDR S & P Regional Banking ETF (KRE).

PayPal CEO Dan Schulman scooped up more than 26,000 shares of his company's stock last week, at a cost of nearly $2 million, according to VerityData and securities filings. Prior to that, Schulman had been a consistent seller of PayPal stock, according to VerityData. PayPal : $1.99 million buy from CEO Dan Schulman on Feb. 17. ConocoPhillips : $0.63 million buy from director Al Walker on Feb. 17 Wintrust Financial : $0.61 million buy from director Brian Kenney on Feb. 16 Devon Energy : $0.53 million buy from CEO Richard Muncrief on Feb. 17. Markel : $0.53 million buy from director Greta Harris on Feb. 17.

☆ Brian Sullivan's 'Insider Buying' gives the top executive stock purchases this week
▼ + stars: | 2023-02-24 | by ( Alison Conklin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrian Sullivan's 'Insider Buying' gives the top executive stock purchases this weekCNBC anchor Brian Sullivan gives exclusive details on the executives who are buying shares of their own company's stock during the last week in February. The top five in value are Markel, Devon Energy, Wintrust Financial, ConocoPhillips, and PayPal.

☆ WNBA to host first Canada game with Lynx-Sky preseason clash
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] Jun 26, 2022; Chicago, Illinois, USA; Chicago Sky forward Candace Parker (3) defends against Minnesota Lynx forward Jessica Shepard (10) during the second half of a WNBA game at Wintrust Arena. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports/Jan 18 (Reuters) - The Women's National Basketball Association (WNBA) will host its first-ever game in Canada, a preseason showdown between four-times champions Minnesota Lynx and 2021 title-holders Chicago Sky at Toronto's Scotiabank Arena, the league said on Wednesday. It is only the third time that a WNBA preseason game has been played abroad, after games in Monterrey, Mexico, and Manchester, England, were held in 2004 and 2011, respectively. The Lynx and Sky will face off on May 13. Reporting by Amy Tennery in New York Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ These under-the-radar bank stocks are among Wall Street’s favorites as earnings season begins
▼ + stars: | 2023-01-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Several big banks will kick off earnings season for the sector on Friday, yet it's the smaller, under-the-radar names that are most loved by Wall Street. For instance, only 54% of analysts covering Bank of America say the stock is a buy, while 58% of those covering JPMorgan rate it a buy, according to FactSet. To find bank stocks expected to outperform this year, CNBC Pro screened for the names most loved by analysts. They also have at least 8 analysts covering them. About 80% of the analysts covering the stock give it a buy rating, including Piper Sandler's John Barnidge.

☆ 2022 didn’t go as expected for bank investors. How to avoid pitfalls in the sector in 2023
▼ + stars: | 2022-12-19 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

Banks finally got a long-awaited boost to interest rates this year after a decade of toiling in a low-rate environment. A year ago, big lenders including Bank of America and Wells Fargo were the top picks of the analyst community because they were expected to benefit from higher rates . Loan growth coupled with vast deposit bases would drive gains in interest income as the Federal Reserve hiked rates, the thinking went. In a downturn, banks are exposed to surging loan defaults, reduced loan demand and write-downs on assets. Veteran analyst Mike Mayo of Wells Fargo said that bank stocks could pop 50% in 2023 by proving their resilience in a recession.

☆ These are analysts’ favorite value stocks heading into 2023, including one name expected to double
▼ + stars: | 2022-12-18 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The IWF , its growth counterpart, has dropped 28% in that time, while the S & P 500 has fallen nearly 20%. This would mark the first time since 2016 that the IWD outpaces both the S & P 500 and IWF since 2016. The stock is trading at a slight discount relative to the S & P 500 and has buy ratings from three-quarters of analysts covering it. Mattel also made the list, with a price-to-earnings ratio of 10 and buy ratings from 73% of analysts. The stock is one the best performers in the S & P 500 for 2022, gaining more than 70% as investors have piled into the energy sector this year.

☆ WNBA players skipping Russia, choosing other places to play
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: +4 min

Brittney Griner's highly publicized legal woes in Russia and the country's invasion of Ukraine has the top WNBA players opting to take their talents elsewhere this offseason. For the past few decades, Russia has been the preferred offseason destination for WNBA players to compete because of the high salaries that can exceed $1 million and the resources and amenities teams offered them. Nearly a dozen WNBA players competed in Russia last winter and none of them are heading back this year. Like Stewart, Vandersloot also isn't headed back to Russia, choosing to play in Hungary where she obtained citizenship in 2016. The Griner situation also is weighing heavily on the minds of young WNBA players.

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