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Lightning Round: Verizon is dead money, says Jim Cramer
  + stars: | 2023-09-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Verizon is dead money, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: American Electric Power, Verizon and Churchill Downs.
Persons: Jim Cramer Organizations: Verizon, American Electric Power Locations: Churchill Downs
The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. The gaming stocks listed below have buy ratings from more than 60% of analysts and upside to the average price target of greater than 20%, according to FactSet. Caesar's Entertainment has the most upside on the list, with an average price target 37% above its most recent closing price. Barclays analyst Brandt Montour said in a Sept. 7 note to clients that Caesar's could see a boom in non-sports online gambling. DraftKings is Needham's top pick in gaming, though the average analyst price target on the stock is below 20%.
Persons: Brandt Montour, We're, Montour, skews, Churchill, FactSet, DraftKings, Needham, DKNG, Bernie McTernan, — CNBC's Michael Bloom Organizations: NFL, Wall Street, Detroit Lions, Kansas City Chiefs, Caesar's Entertainment, Barclays, MGM Resorts International, Kentucky Derby Locations: U.S, 3Q23
Stock Chart Icon Stock chart icon American Electric Power's year-to-date stock performance. American Electric Power : "You buy it...This won't just be a smooth ride, 4.2% yield is good. Stock Chart Icon Stock chart icon Verizon's year-to-date stock performance. Stock Chart Icon Stock chart icon Churchill Downs' year-to-date stock performance. I'm going to say you want to buy DraftKings."
Persons: It's, Churchill Organizations: American Electric, Verizon, Churchill
This past Saturday at Saratoga Race Course, an undefeated colt named New York Thunder was just strides from winning a $500,000 stakes race when he stumbled and unseated his rider. New York Thunder had to be put down after shattering his left front fetlock. It was the 12th horse fatality — the eighth while racing — at the Saratoga summer meet. In the wake of the deaths, New York racing officials have vowed to spend millions on PET and CT scans and outfit horses with sensors in the hopes of diagnosing pre-existing injuries before they become fatal. And a synthetic racing surface, which equine injury data shows to be significantly safer than dirt and turf tracks, is being installed for winter racing at Belmont Park and is being considered for both Aqueduct and Saratoga.
Persons: Tyler Gaffalione Organizations: Saratoga, New York Thunder, Kentucky Derby, Belmont Locations: New, Churchill, New York, Saratoga
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Persons: Dow Jones Locations: kentucky
CNN —The trainer of two horses that died at Belmont Park – home of the Belmont Stakes – said he has been left “heartbroken” and “devastated” by the news. In the first race at Belmont Park on Sunday, Mashnee Girl fell near the quarter pole, according to industry-owned database Equibase, before being euthanized on the track. The horse suffered an injury leaving the backstretch, was pulled up, and euthanized on the grass track, according to Equibase. I spoke to both of them and they both told me how well the horses were travelling under them, before taking a tragic bad step.”At Belmont Park, New York, four horses died while racing or training in the period from May 13 to Saturday’s Belmont Stakes. We will continue to grieve and pray over the loss of these two beautiful horses.”
Persons: , , , Mark, Hennig, Mashnee, Excursionniste, ” Hennig, Pat McKenna, Kathy Guillermo, NYRA Organizations: CNN, Belmont, Arcangelo, ” New York Racing Association, Kentucky Derby, PETA Locations: Belmont, , Belmont Park , New York, Churchill Downs
ELMONT, NEW YORK - JUNE 10: Arcangelo with Javier Castellano up wins the 155th running of the Belmont Stakes at Belmont Park on June 10, 2023 in Elmont, New York. (Photo by Al Bello/Getty Images)Horses died in consecutive races at Belmont Park, dealing more untimely blows to the beleaguered sport which had little time to celebrate of its most uplifting events of the year. "Two dead Thoroughbreds in two days with the same trainer on the same track means one thing: Belmont Park is failing to protect horses," PETA Senior Vice President Kathy Guillermo said in a statement. Including Mashnee Girl and Excursionniste, four horses have died during races at Belmont Park's spring/summer meet, which began on May 4 and has encompassed 1,670 horses starting in 214 races, according to McKenna. Saturday's Belmont Stakes capped a tumultuous five weeks of racing that normally shines a bright light on the sport of kings.
Persons: Javier Castellano, Al Bello, Mark Hennig, Patrick McKenna, Hennig, Excursionniste, Arcangelo, Belmont, Kathy Guillermo, McKenna, Havnameltdown, Chick Lang Organizations: Belmont Park, York Racing, NBC News, Belmont, Triple, PETA, Kentucky Derby, National Treasure, Preakness Locations: Belmont, Elmont , New York, Belmont Park, New York City, Jena, Churchill Downs, Baltimore
Arcangelo Holds Off the Pack to Win the Belmont Stakes
  + stars: | 2023-06-10 | by ( Joe Drape | ) www.nytimes.com   time to read: +1 min
Finally, a happy ending to a fraught Triple Crown. Arcangelo thundered down the stretch of the Belmont Stakes to win the 155th running of the Belmont Stakes by a length and a half and made a little history: His trainer, Jena Antonucci, became the first female trainer to win a Triple Crown race, a series that spans more than a century. The colt held off a late run by Forte and gave his jockey, Javier Castellano, his first Belmont victory. Castellano, a Hall of Famer, won his first Kentucky Derby five weeks ago aboard Mage. Arcangelo is a 3-year-old ridgeling who cost owner Jon Ebbert of Blue Rose Farm $35,000 as a yearling.
Persons: Arcangelo thundered, Jena, Forte, Javier Castellano, Castellano, Arcangelo, Jon Ebbert Organizations: Triple, Triple Crown, of Famer, Kentucky Derby, Churchill Downs, Derby Locations: Jena Antonucci, Churchill, Kentucky
The Jockey Club, which runs the Epsom racecourse, won a High Court injunction last month to stop animal rights protesters from disrupting the event. Animal Rising, an animal rights group, had planned to demonstrate at the Derby, calling on “as many animal lovers as possible to peacefully descend on Epsom” in a post on Twitter. The Jockey Club said it had offered Animal Rising an area near the entrance to protest. Animal Rising had said that it would protest at the event. According to animal rights organization PETA UK, 36 horses have died at the festival since 2010.
Persons: , Victoria Jones Organizations: CNN — Police, Epsom Derby, Epsom, Derby, Twitter, Surrey Police, CNN, Victoria Jones / Press Association, AP, Office, ” CNN, Home Office, National, PETA, Animal, British Horseracing Authority, Kentucky Derby Locations: Surrey, England, Epsom, , Wales, Aintree, Liverpool, United Kingdom, United States, Churchill Downs
June 2 (Reuters) - Churchill Downs on Friday said it would suspend racing as it conducts a "top-to-bottom" safety review following the death of 12 horses at the famed Kentucky track in the past month. Investigations by the Horseracing Integrity and Safety Authority (HISA), Churchill Downs and the Kentucky Horse Racing Commission have yet to identify a reason for the spike in equine fatalities, which overshadowed last month's Kentucky Derby. read moreHISA's track surface expert submitted his review of the racing surface at Churchill Downs earlier on Friday and found there were "no primary areas for concern" and that it was consistent with previous years. "If the track surface was the singular cause of the rash of horse deaths at Churchill Downs, changing the racing venue might make sense," said Wayne Pacelle, president of Animal Wellness Action. "We renew our request that Churchill Downs suspend its racing schedule until there is a proper forensic analysis of the horse deaths and a comprehensive plan to remediate future deaths.
Persons: Wayne Pacelle, Churchill, Rory Carroll, Ken Ferris Organizations: Safety Authority, Kentucky Horse Racing Commission, Kentucky Derby, Animal Wellness, Thomson Locations: Churchill, Kentucky, Ellis, Henderson , Kentucky, Churchill Downs, Los Angeles
Horse racing will be suspended at Churchill Downs and moved to a different Kentucky racetrack as federal and state regulators continue to investigate the deaths of 12 horses at Churchill in the past five weeks, the company said in a statement on Friday. Live horse racing will continue at the home of the Kentucky Derby on Saturday and Sunday and move next week to another Churchill Downs-owned racetrack, Ellis Park, in Henderson, Ky. The Churchill meet was to have ended on July 3 before moving on to Ellis Park for the traditional summer race meet scheduled from July 7 to Aug. 27. Diagnostics of the racetrack have not raised concerns and dirt and grass surfaces appear consistent with measurements from Churchill Downs in past years. Still, the company said it was relocating the meet even though it said “no issues have been linked to our racing surfaces.”
Persons: Churchill, Organizations: Churchill, Kentucky Derby, Ellis Park, Safety Authority Locations: Churchill Downs, Kentucky, Churchill, Henderson, Ky, Ellis
[1/2] May 5, 2023; Louisville, KY, USA; The field for the 149th Running of the Kentucky Oak makes their way past the grandstands at Churchill Downs on May 5, 2023. Mandatory Credit: Michael Clevenger and Christopher Granger-USA TODAY SportsJune 1 (Reuters) - Churchill Downs Racetrack unveiled a number of safety initiatives and precautionary measures on Thursday following a recent series of horse deaths at the home of the Kentucky Derby. In addition, the number of starts per horse during a rolling eight-week period will be restricted to four. At the summit, the Churchill Downs, Kentucky Horse Racing Commission and HISA veterinary teams reviewed all veterinary information available in the hope of better understanding the events surrounding the recent fatalities. Since the Churchill Downs stable reopened for training on March 30, there have been 12 equine fatalities at Churchill Downs, which the racetrack previously described as a "highly unusual statistic."
Persons: Michael Clevenger, Christopher Granger, Downs, Frank Pingue, Ken Ferris Organizations: Kentucky Oak, USA, Kentucky Derby, Safety Authority, Churchill Downs , Kentucky Horse Racing Commission, Churchill, racing's Triple Crown, Thomson Locations: Louisville , KY, USA, Kentucky, Churchill Downs, Churchill, Churchill Downs ,, Toronto
CNN —Horse racing regulatory and safety officials as well as representatives from Churchill Downs will gather in an emergency meeting Tuesday following a tragic series of horse deaths at the famed home of the Kentucky Derby over the span of two months. Twelve horses have died since the stable area reopened for training on March 30, Churchill Downs said in a statement. The track announced the two most recent horse deaths Saturday, saying the horses suffered significant injuries and were euthanized. Churchill Downs CEO Bill Carstanjen said “Churchill Downs respects the authority of HISA and their investigatory process. A spokesperson for Churchill Downs told CNN the emergency summit will take place at the HISA headquarters in Lexington, Kentucky.
CNN —Churchill Downs, home of the Kentucky Derby, says it is “troubled” by the recent spate of horse deaths after racetrack officials on Saturday announced two more horses were put down. The euthanizations of Lost in Limbo on Friday and Kimberley Dream on Saturday at the track mean a dozen horses have died at Churchill Downs in the past two months. A similar injury impacted Lost in Limbo during Friday’s seventh race, and veterinarians deemed the injuries “inoperable and unrecoverable” in both cases, Churchill Downs Inc. said in a news release. The 12 horse deaths have occurred since the track’s stable area reopened for training on March 30, the release stated. Churchill Downs said it is working with the Kentucky Horse Racing Commission and the Horseracing Integrity and Safety Authority to investigate the deaths and improve the sport’s safety.
CNN —One of the horses scheduled to run before today’s Preakness Stakes, the Bob Baffert-trained Havnameltdown, has been euthanized, after suffering a serious injury in an undercard race this afternoon, officials said. How to watchThe Preakness Stakes will take place on Saturday at the Pimlico Race Course in Baltimore, Maryland. Julio Cortez/APThe controversy started after Medina Spirit, who died in December 2021, won the Kentucky Derby two years ago. After the race, Baffert revealed that the horse had tested positive for elevated levels of betamethasone. In February 2022, the Kentucky Horse Racing Commission announced its decision to disqualify Medina Spirit.
CNN —National Treasure won the 2023 Preakness Stakes at Pimlico Race Course in Baltimore Saturday evening. The win made Baffert the winningest trainer in Preakness Stakes history and the only trainer to have eight horses win the race. Blazing Sevens placed second, and prerace favorite and Kentucky Derby winner Mage placed third in the seven-horse field. The win means no horse will take home the coveted Triple Crown this year, achieved when a horse wins the Kentucky Derby, the Preakness Stakes and the Belmont Stakes in one year. National Treasure was ridden by Hall of Fame jockey John Velazquez, who tallied his first win at the Preakness Stakes.
Havnameltdown stumbled and dropped Saez as he approached the stretch and sustained a "non-operable left fore fetlock injury" that led to the decision to euthanize the 3-year-old colt, 1ST Racing, which operates Pimlico Race Course, said in a statement. 1ST Racing also said Saez, who was transported to Sinai Hospital in Baltimore for further evaluation, is stable and conscious. I feel so bad for that horse, and I just hope that Luis is ok," said Baffert. Baffert has an entrant in the Preakness Stakes where the Hall of Fame trainer is seeking a record-breaking eighth win in the middle jewel of U.S. thoroughbred racing's Triple Crown. Reporting by Frank Pingue in Toronto Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
The death on Saturday added to the recent toll of horse fatalities surrounding the Triple Crown races, after seven horses died at Churchill Downs in the days leading up to the Kentucky Derby earlier this month. His colt National Treasure is a 3-1 morning line choice in the Preakness and could provide the stiffest challenge to Mage, this year’s Kentucky Derby winner. Baffert was suspended after Medina Spirit failed a drug test after winning the 2021 Kentucky Derby. Last year, Baffert was serving his Kentucky suspension during the Triple Crown, so the racing commissions in Maryland and New York kept him from the Preakness and the Belmont. After the seven deaths at Churchill Downs ahead of the Kentucky Derby, Preakness Stakes officials were taking a cautious approach to pre-race examinations.
National Treasure, with jockey John Velazquez, edges out Blazing Sevens, with jockey Irad Ortiz Jr., to win the148th running of the Preakness Stakes horse race at Pimlico Race Course, Saturday, May 20, 2023, in Baltimore. National Treasure won the Preakness on Saturday in Baffert's return to the Triple Crown trail following a suspension, but it came hours after another 3-year-old colt, Havnameltdown, was put down because of a left leg injury in an undercard race. His defeat, caused by a pace much slower than the Derby, means there will not be a Triple Crown winner for a fifth consecutive year. The thrill of victories by National Treasure in the Preakness and Arabian Lion in an earlier stakes race contrasted with the agony of Havnameltdown's death. Medina Spirit was Baffert's most recent Preakness horse, finishing third.
PinnedA horse trained by Bob Baffert suffered a fatal injury in an undercard race in the hours before the Preakness Stakes on Saturday, as deaths continued to haunt the road to the Triple Crown. His colt National Treasure is a 3-1 morning line choice in the Preakness and could provide the stiffest challenge to Mage, this year’s Kentucky Derby winner. Baffert was suspended after Medina Spirit failed a drug test after winning the 2021 Kentucky Derby. Last year, Baffert was serving his Kentucky suspension during the Triple Crown, so the racing commissions in Maryland and New York kept him from the Preakness and the Belmont. After the seven deaths at Churchill Downs ahead of the Kentucky Derby, Preakness Stakes officials were taking a cautious approach to pre-race examinations.
Bob Baffert, trainer of Kentucky Derby winner Medina Spirit, stands near the track at Churchill Downs in Louisville, Kentucky, April 28, 2021. A horse of Hall of Fame trainer Bob Baffert was euthanized at Pimlico Race Course in Baltimore on the undercard of Saturday's Preakness Stakes. Havnameltdown, a 4-5 favorite in the sixth race, broke down and threw jockey Luis Saez at the top of the stretch. The colt's euthanization comes in the wake of a string of equine deaths leading up to the Kentucky Derby earlier this month at Churchill Downs. Eight horses died in a little more than a week at the famed Louisville course, raising concerns about the sport's treatments of its animals.
After a disquieting period in which seven horses died at Churchill Downs during the run-up to last week’s Kentucky Derby, horse racing is again caught up in a controversy, this one a doping case involving one of its biggest stars. On a rainy September afternoon last year, a colt named Forte eased into the starting gate of the Hopeful Stakes, an early and important race on the road to the Derby, at odds of nearly 7-1. He apparently relished the sloppy racetrack in Saratoga Springs, N.Y., unleashing a powerful kick in the stretch to win by a length. Shortly after leaving the winner’s circle, however, Forte was given a post-race drug test, which he failed but has yet to be adjudicated before New York regulators, according to two people who are familiar with the matter but are not authorized to speak about it. The positive test was for a substance used to relieve pain and reduce inflammation, according to those two people.
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LOUISVILLE, Ky.—Horse racing’s Triple Crown season will move on to the Preakness Stakes in Baltimore later this month after Mage’s win in the 149th running of the Kentucky Derby on Saturday. But racing officials here will be faced with sorting out what went wrong during a Derby week in which a string of horse fatalities put a damper on the sport’s most prominent event. Seven horse deaths have been reported at Churchill Downs since April 27, including two on Saturday in the hours before the Kentucky Derby. The run of tragedies again brings safety issues to the fore in racing, a sport in which a maze of state-by-state regulation, in the absence of an empowered national regulator, has made it difficult to impose reforms.
LOUISVILLE, Ky.—Mage won the 149th running of the Kentucky Derby on a day when an abnormal string of horse deaths continued earlier in the day at Churchill Downs , casting a long shadow over America’s marquee racing event. Mage broke a step slow from the No. 8 post but quickly recovered as Verifying and Kingsbarns set a blistering early pace, covering the first half-mile in 45.73 seconds. As the leaders began to tire, jockey Javier Castellano navigated Mage into the clear as the field approached the final turn. Mage finished the 1 1/4-mile race in 2:01.57.
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