Oral Roberts guard Max Abmas, who had a spectacular run in the 2021 NCAA tournament, has entered the transfer portal. During his senior year, Abmas averaged 21.9 points per game and shot 37.3% from beyond the arc. He is also an excellent passer and rebounder, averaging 4.4 rebounds and 4 assists per game.
Abmas became a breakout star in the 2021 NCAA tournament when he led Oral Roberts, seeded 15th, to a surprising Sweet 16 run. He scored 29 points in the first round, 26 points and seven assists in the second round and 25 points in a two-point Sweet 16 loss to Arkansas. This year, his team made another NCAA tournament appearance, although they lost to Duke in the first round.
Abmas, a 6-foot guard from Texas, is expected to be one of the best guards in the transfer portal and is likely to draw interest from several teams. There are reports that he could be headed to the Kentucky Wildcats, who are looking to fill out their roster with experienced players to complement their incoming freshmen. While Kentucky already has a loaded backcourt, Abmas' shooting ability and experience could be valuable additions to the team.
Regardless of where he ends up, Abmas' presence in the transfer portal is sure to generate interest from many teams looking to add a seasoned and talented player to their roster.
In a recent note to investors, Wall Street analyst Laura Martin has speculated that a merger between Apple and Disney could be worth 15-25% for the tech giant, prompting questions of whether such a deal could be on the horizon. The two companies have had strong links, and CEO of Disney, Bob Iger, was quoted saying that if Steve Jobs had lived, the merger of the two companies would likely have taken place. Both Apple and Disney are marketing giants, but Martin suggests that Disney is faced with a tougher marketing challenge, as all of its products compete in the “leisure category,” whereas Apple’s mobile products are seen as utilities. While Apple is valuable for the hardware it directly sells to consumers, Disney’s revenue stream is more widespread, leading to losses in value in adjacent industries.
Martin argues that the two companies are “better together,” with Apple being the better distributor and Disney being the better content creator, but a merger would come at a significant cost, expected to be upwards of $200 billion. Such a deal could also provide a definitive answer to the question of who will succeed Iger when he retires. With both Apple and Disney performing well in the current market, speculation over the possibility of a merger continues to intensify.
On Monday, Leonardo DiCaprio, the famous Hollywood actor, appeared in a Washington, D.C. federal court to testify as a witness in the criminal trial of ex-Fugees rapper Prakazrel "Pras" Michel. Michel is accused of accepting over $100 million from Jho Low, a Malaysian businessman, to influence President Donald Trump and other government officials to drop an investigation into Low. DiCaprio, who has no wrongdoing associated with the case, testified to his relationship with Low, whom he had met through Michel. The actor confirmed that he had attended lavish parties with Low, who helped finance his 2013 film, The Wolf of Wall Street. Low is currently a fugitive, suspected of embezzling $4.5 billion from Malaysia's 1MDB sovereign wealth fund. Meanwhile, Michel is facing charges that could lead to decades in prison if convicted. Prosecutors claim he acted on Low's behalf, made illegal campaign contributions during the 2012 U.S. presidential election, and engaged in witness tampering. DiCaprio's appearance in the courtroom created a stir among jury members and led to a viral moment where the prosecutor asked the actor what he did for a living.
Dogecoin ( DOGE ) experienced a surge of more than 30% in a few minutes after Elon Musk's Twitter replaced the blue bird with the meme coin's Shiba Inu dog logo. The price of DOGE soared to 11 cents from 8 cents before the change. In the past, Musk has shown himself to be a fan of the cryptocurrency, even suggesting that it may offer better payments functionality than bitcoin. There is a report that Twitter was designing a system for payments through its platform with Musk acknowledging that he wanted the ability to add cryptocurrencies. The meme coin's price experienced an upswing following the story's publication. Around an hour after the logo change, Musk tweeted a cartoon image as his first public comment. Dogecoin's price last exceeded 10 cents in December, according to CoinDesk data. Despite its bullish price action in 2021, Dogelon Mars (ELON) currently stands 87% down from its all-time high. Although the coin has lost most of its gains since it surged at the start of 2023, it remains one of the most popular memecoins with a market cap of $180 million.
Comcast recently announced its plans to expand high-speed internet services to different rural communities in Oregon, Texas, and Arizona. Comcast started construction of infrastructure earlier this year that aims to make a full suite of Internet and video services available to about 1,700 homes and businesses in Eagle Creek and Estacada, Oregon, expected to be completed in February 2024. In Texas, Comcast has already begun construction on a $100M 10G internet network expansion in Kingwood, providing network access to 80,000 total homes and businesses across other areas of Southeast Texas soon after. This move will also see the installation of 1,000 miles of "new fiber-rich highways" that will provide almost 24,000 Kingwood homes with access while committing $2.7 billion nationally to its network, including expanding its reach to rural communities in Arizona. Cox Communications announced its plans to expand its high-speed internet, telephone, TV, and security services to Huachuca City and southeast Sierra Vista last year, with construction due to run through July, adding up to 2,000 homes and businesses and more than 34 miles of fiber-optic cable in southern Arizona.
Comcast's expansion plan aims to link high-speed internet access to increased job and population growth, home values, and lower unemployment rates, while also offering fiber-rich network improvements that will provide upload speeds up to 10 times faster than the fastest speed currently offered. Comcast is committed to expanding its existing network to additional underserved residents, businesses, and communities that need access to reliable, high-speed internet, especially those who live below the poverty line.
Endeavor Group holdings Inc (EDR) saw a pre-market boost of 4.89% on Monday morning which placed the stock at $25.1. However, EDR's short-term technical score of 23 indicates that the stock has been trading less bullishly over the past month than 77% of stocks on the market. Meanwhile, EDR's Long-Term Technical rank of 81 means trading over the last 200 trading days has placed the company in the upper half of stocks with 19% of the market scoring higher.
Unfortunately, we do not have much intel about why EDR's stock rose as other news sources remain silent. Nevertheless, hedge funds such as Morgan Stanley, Vanguard Group, and Millennium Management have recently bought and sold shares of EDR. The company has also announced that its earnings on 5/11/2023 will be released. Lastly, We know the company has an average analyst recommendation of "Strong Buy" and an average price target of $30.91.
