Latest news with #AlexCoffey
Yahoo
02-07-2025
- Business
- Yahoo
Sports Stocks Rally as Optimism on Tariffs, Cost Cuts Sparks Wall Street
Optimism all around the market erased the losses of the past three months, including in sports, as the Sportico Sports Stock Index rose 9% in June, pushing the index to 1,505—its highest mark since mid-February. Despite weakening consumer spending and consumer confidence in recent weeks as well as dour outlooks from home builders and uncertainty about inflation and the labor markets, Wall Street embraced expectations that tax incentives in the pending budget bill will offset much of the impact of the Trump tariffs that roiled markets earlier in the year. The S&P 500 Index gained almost 5% to close at an all-time high of 6,206 Monday. More from GameStop Dipping Its Toe Into Trading Card, Collectibles Market What Fans Are Betting on During the NBA Finals Sports Stocks Rebound as Tariff Fears Recede, TACO Trade Dominates 'Fear and uncertainty have come down countless notches from where we were,' Alex Coffey, senior trading and derivatives strategist at Charles Schwab, said in Monday market commentary from the brokerage. 'Historically, the first few weeks of July are some of the most bullish of the year.' Indeed, many of the best performers in the sports index were companies that suffered the most at the peak of Trump's tariff bluster. Topgolf Callaway Brands (MODG) had fallen nearly 50% this year by April, but was the best performer in the Sportico index in June, rallying 27% for the month. Investors appeared heartened by one of the few bits of company-specific news in recent weeks: the few million dollars of stock purchased by Nigerian billionaire Adebayo Ogunlesi, a director of the golf company. Topgolf Callaway also appears increasingly likely to not see much of a net impact from tariffs. While it may cost the company millions on U.S. goods, a weaker dollar resulting from the Trump import taxes and the increase in the federal deficit should boost sales outside the country, where Topgolf Callaway generates 40% of its revenue. Preemptive cost cuts, meant to counteract potential tariff effects, also underpin investor confidence, as does anticipated benefits of splitting off the Topgolf business by the end of the year, either as a standalone company or sold to another corporation. All told, 37 of the 40 components of the Sportico Sports Stock Index posted gains in June (17 of those rising more than 10%), an exceptional winning percentage that helped make for the index's best month since November. The index is just 24 points away from hitting its highest mark since 2021. In another sign that optimism is winning out, Manchester United (MANU) shares gained 25% in the month, as good financial results—revenue ticked up 17% in the first quarter of the calendar year—outshone poor on-field performance. The Red Devils completed their worst Premier League campaign ever and will miss out on European competition next season, which will hurt the company's ticket, media and sponsorship revenue. Still, cost-cutting billionaire co-owner Jim Ratcliffe helped push the company to a rare and modest, pre-tax profit last quarter, moves that aren't expected to hurt the club's popularity worldwide. 'The club's recent leadership underscores a shift toward experienced European football on and off the pitch, and a real opportunity to improve team performance and club growth,' Jefferies analyst Randal Konik said in a June 6 note. 'The team is well-known and should continue to perform at a high level over the long term.' Only three sports stocks didn't participate in June's bull run. The worst performer was Roger Federer-backed sneaker maker On Holding (ONON), which fell 12% to $52.04, erasing all the gains it had from a well-received earnings report in May. June didn't bring any news that would seem to be responsible for On's decline. Instead, analysts suggested the stock was valued too highly for the sportwear and footwear sector as it neared all-time highs around $60 a share to start the month. It's possible the thrill of On's remarkable run as a challenger brand is colliding with the reality that the company still just has 2% of the global athletic footwear market and a limited product selection compared to Nike (NKE, up 18%) and Under Armour (UAA, up 2%). Broadcaster Sinclair (SBGI) slipped 2% in the month while other broadcasters including Nexstar Media (NXST, up 2%), Fox (FOX, up 3%) and Comcast (CMCSA, up 3%) were among the weakest gainers of the index. Traditional media appears to be suffering from concerns large brands may pull back on advertising the back half of the year in response to various tariff worries and consumer spending trends. Last week Sinclair extended its deal as exclusive U.S. broadcaster of the WTA through 2032. The contract covers all WTA 1000, 500 and 250 events, except tournaments. Without specifying any figures, Sinclair says its ratings for women's tennis have grown since 2023, especially among the coveted 18-to-34-year-old demographic. The Sportico Sports Stock Index is a basket of 40 stocks that rely on sports for a significant portion of future growth. The index includes sports teams and leagues such as the Atlanta Braves (BATRA, up 13%), recreation operators such as Vail Resorts (MTN, down slightly), sports betting companies including Super Group (SGHC, up 26%) and videogame publishers like Electronic Arts (EA, up 11%). The index is equal weighted, meaning each stock starts off as 2.5% the value of the overall benchmark. Every three months the components are reset to 2.5% weighting. Stocks are dropped and added as needed at those times, though there are no changes this period. To be included in the index, stocks must be traded in the U.S. with sufficient daily volume and a market capitalization greater than $50 million. The index was launched in August 2020 at 1,000, meaning it is up more than 50% since. The index peaked at 1,763 in October 2021. Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
10-05-2025
- Entertainment
- Daily Mail
Couple reveals simple steps they took to lose a combined 160 pounds ahead of their wedding
A couple has shared their shocking wedding transformation... revealing together they lost a combined 160 pounds ahead of their big day. Matthew Coffey, 22, and Alex Coffey 23, from Morehead City, North Carolina, wanted to 'look and feel their best' when they tied the knot. So the pair, who weren't 'very active' before, decided to get in shape together. In the months leading up to their April 2025 nuptials, Matthew shed 50 pounds while Alex lost a whopping 112 pounds. Now, they have opened up about their impressive weight loss journey exclusively with Matthew explained that before they dropped the weight, neither of them prioritized exercise or paid much attention to their diets. 'We were just busy with everyday life and did not put our diet and exercise as a priority,' he explained. But as their wedding day loomed, the couple decided they wanted to lose weight. A couple has shared their shocking wedding transformation... revealing how they lost a joint 160 pounds ahead of their big day. They're seen before (left) and after (right) their weight loss Matthew, 22, and Alex Coffey 23, wanted to 'look and feel their best' when they tied the knot. So the pair, who weren't 'very active' before, decided to get in shape together They started about a year before the nuptials, and Matthew explained that the first step was to start paying attention to their 'calorie and protein intake.' '[First, it was about] trying to make healthier choices and really focusing on what we were putting in our bodies,' he continued. 'We never cut anything out, just had it in moderation.' After they got their diet in better shape, he started 'running or working out five days a week.' As for Alex, she 'focused on strength training and walking around two to three times a week.' 'But our main source of exercise was just being more active by going on walks nightly, playing pickleball, and just getting outside more,' he added. According to Matthew, 'supporting each other through the journey' made it so much easier. 'We understood what we were both going through,' he gushed. When it came time for their wedding last month, Matthew was down to 175 pounds from 225 pounds, and Alex was down to 138 pounds from 250 pounds. In the months leading up to their April 2025 nuptials, Matthew shed 50 pounds while Alex lost a whopping 112 pounds. They're seen before (left) and after (right) their weight loss Now, they have opened up about their impressive weight loss journey exclusively with They're seen at their wedding Matthew explained that the first step was to start paying attention to their 'calorie and protein intake.' They're seen (far left and far right) before their weight loss He said they 'felt great' as they exchanged vows, and were immensely proud of how hard they had worked. At the wedding, some of their friends and family members who hadn't seen them in a while didn't even recognize them. They recently shared their transformation on TikTok, where it went viral, raking in eight million views. 'We are both pretty shocked and excited by the reaction the video has had,' Matthew said. 'We definitely didn't expect it to go viral or anything. But we just want people to know that anyone can do it. You just have to stay committed and not give up.'
Daily Mail
09-05-2025
- Entertainment
- Daily Mail
EXCLUSIVE Couple reveals simple steps they took to lose a combined 160 pounds ahead of their wedding
A couple has shared their shocking wedding transformation... revealing together they lost a combined 160 pounds ahead of their big day. Matthew Coffey, 22, and Alex Coffey 23, from Morehead City, North Carolina, wanted to 'look and feel their best' when they tied the knot. So the pair, who weren't 'very active' before, decided to get in shape together. In the months leading up to their April 2025 nuptials, Matthew shed 50 pounds while Alex lost a whopping 112 pounds. Now, they have opened up about their impressive weight loss journey exclusively with Matthew explained that before they dropped the weight, neither of them prioritized exercise or paid much attention to their diets. 'We were just busy with everyday life and did not put our diet and exercise as a priority,' he explained. But as their wedding day loomed, the couple decided they wanted to lose weight. They started about a year before the nuptials, and Matthew explained that the first step was to start paying attention to their 'calorie and protein intake.' '[First, it was about] trying to make healthier choices and really focusing on what we were putting in our bodies,' he continued. 'We never cut anything out, just had it in moderation.' After they got their diet in better shape, he started 'running or working out five days a week.' As for Alex, she 'focused on strength training and walking around two to three times a week.' 'But our main source of exercise was just being more active by going on walks nightly, playing pickleball, and just getting outside more,' he added. According to Matthew, 'supporting each other through the journey' made it so much easier. 'We understood what we were both going through,' he gushed. When it came time for their wedding last month, Matthew was down to 175 pounds from 225 pounds, and Alex was down to 138 pounds from 250 pounds. He said they 'felt great' as they exchanged vows, and were immensely proud of how hard they had worked. At the wedding, some of their friends and family members who hadn't seen them in a while didn't even recognize them. They recently shared their transformation on TikTok, where it went viral, raking in eight million views. 'We are both pretty shocked and excited by the reaction the video has had,' Matthew said. 'We definitely didn't expect it to go viral or anything. But we just want people to know that anyone can do it. You just have to stay committed and not give up.'
Yahoo
07-04-2025
- Business
- Yahoo
Schwab Trading Activity Index™: STAX Score Drops Amid March Uncertainty
Schwab clients were sellers of equities in March; Net selling was highest in the Information Technology, Energy, and Health Care sectors WESTLAKE, Texas, April 07, 2025--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) decreased to 48.36 in March, down from its score of 51.94 in February. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending March 28, 2025, ranks "moderate low" compared to historic averages. "Schwab clients decreased their market exposure by offloading equities in March, but those outflows were buoyed somewhat by buying in fixed income and ETFs, which retail traders turned to instead of picking up individual names on dips," said Alex Coffey, Senior Trading and Derivatives Strategist at Charles Schwab. "From an economic data perspective, the first two weeks of the month were disappointing, and although we saw a leveling off by the third week, that momentum stalled as March came to an end." Schwab clients stepped back from equities during the March STAX period as stocks slumped to six-month lows amid U.S. policy uncertainty and weaker economic data. The S&P 500 hit its highest level of the period on the very first trading day, March 3, and a steep descent followed through mid-month. Though March started with a solid expansion for the February ISM Manufacturing PMI®, economic data became increasingly disappointing as the days went by and the sharp month-over-month drop of the University of Michigan preliminary Index of Consumer Sentiment to 57.9 from February's 64.7 dialed up investor worries about possible "stagflation," characterized by weak growth and rising prices. The February nonfarm payrolls report reinforced economic worries, with jobs growth up slightly from January but closely followed by the measure of un- and underemployed workers rising to 8% from 7.5% in January. In another gloomy development, Delta Air Lines (DAL) cut its first quarter profit estimates due to what it said was U.S. economic uncertainty. Congress narrowly avoided a government shutdown, but turbulence in the nation's capital didn't help sentiment on Wall Street. The Federal Reserve meeting that ended on March 19 featured another rate pause and upbeat words from Fed Chairman Jerome Powell that appeared to reassure the market, but the Fed's updated economic projections showed expectations of slower growth and higher inflation by the end of the year, reinforcing economic concerns. Those concerns also found traction as the Atlanta Fed's GDPNow model for first quarter gross domestic product (GDP) growth fell into negative territory. Though February's Consumer Price Index (CPI) initially eased price fears with lower-than-expected growth, the core inflation reading in the March 28 Personal Consumption Expenditures (PCE) Price Index came in above expectations and the month's STAX reporting period ended on a sour note as the S&P 500 fell nearly 2%. As concerns over the economy mounted, so did stock market volatility. The Cboe Volatility Index® (VIX) reached nearly 30 by mid-March after entering the month below 20, near the historic average. Though the VIX dipped substantially late in March, it finished the March STAX period above 21 and may have helped draw investors away from growth stocks. Popular names bought by Schwab clients during the period included: NVIDIA Corp. (NVDA) Tesla Inc. (TSLA) Inc. (AMZN) Palantir Technologies Inc. (PLTR) Alphabet Inc. (GOOGL) Names net sold by Schwab clients during the period included: AT&T (T) MicroStrategy Inc. (MSTR) Alibaba Group Holding Ltd. (BABA) Exxon Mobil Corp. (XOM) Chevron Corp. (CVX) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0425-EG0X View source version on Contacts At the Company Margaret FarrellDirector, Corporate Communications(203) Sign in to access your portfolio
