Latest news with #Hedge
Fox Sports
24-04-2025
- Automotive
- Fox Sports
Callum Hedge Honors Family by Racing for Special Cause
INDYCAR Callum Hedge races for a special cause. In 2024, New Zealand-born Hedge made the jump to the INDY NXT by Firestone championship after being crowned the champion in both the Porsche Carrera Cup Australia and Formula Regional Americas championships. He brought with him a Muscular Dystrophy Association of New Zealand sticker to place on the nose cone of his HMD Motorsports entry last season. He switched teams this offseason, but the sticker is featured on his No. 17 ABEL Motorsports entry this year. For Hedge, the decal is more than a sticker. The little disc on the nose of his car is a foundation that is special for Hedge. 'A couple years ago, we were walking around the zoo with my nephew (Noah),' he said. 'I think he was 3 or 4 at the time, and he was walking really slow, always really puffed. And we're like, 'That's a bit weird.' We sort of thought nothing of it for a year, and then they went into some testing on him because he really wasn't able to even walk to school or walk up the hills at school. 'So, they went and did some testing, found out it was the Duchenne variant, which is one of the rarest forms of the muscular dystrophy in New Zealand. About 70-ish kids had it at the time.' Muscular dystrophy is a group of genetic disorders that affects the muscles and causes weakness and loss of muscle mass over time. According to reports, an estimated 2,000 people are affected by muscular dystrophy in New Zealand, with approximately 50 new cases diagnosed each year. While there is no cure for the condition, there are a variety of mobility aids that can help affected individuals. By comparison, 32 of 100,000 people in the United States are affected by muscular dystrophies. This news came as a bit of a shock to the Hedge family. Further testing then indicated Noah's younger brother, Thomas, also had the Duchenne variant of muscular dystrophy. As an up-and-coming racing talent and a public figure, Hedge knew he had a responsibility to raise awareness. 'Learning what muscular dystrophy was, it's not really showcased very much at all in New Zealand,' he said. 'I don't know how much it is across the U.S., but learning about it, seeing what it does first-hand in a family sense, I just really felt that I was obligated to do something for them, and the easiest and best way I could do it was to represent muscular dystrophy in New Zealand was go out and do some fundraising. Get some eyes on that team, because they get no government funding. So, to go out there do that fundraising is really important to me and for a lot of kids across New Zealand.' Hedge finished fourth as a rookie in INDY NXT by Firestone points and began the 2025 season with an eighth-place finish in the March 2 season-opener on the streets of St. Petersburg. He sees the sticker through his visor every time he straps into his car and wants to deliver for his nephews and everyone else battling the condition. The sticker creates an inner sense of pride for Hedge. 'There's something really important to me and my family as a whole,' he said. 'Sort of comes as a bit of a shock. To see what it does to them first-hand and how much they struggle to get through life, not only my nephews themselves, but my sister, her partner, their younger brother, they all have to watch them grow up in a wheelchair and really struggle to get through life. So, to carry that logo on my car is pretty important.' in this topic
Fox Sports
23-04-2025
- Automotive
- Fox Sports
Test Patterns: Mid-Ohio Sports Car Course
INDYCAR Andretti Global reaffirmed its position as the team to beat early this season during an INDY NXT by Firestone group test April 22 at Mid-Ohio Sports Car Course near Columbus, Ohio. The reigning champions, which fielded the car last season for title winner Louis Foster, opened this season March 2 in St. Petersburg, Florida, with a victory by series rookie Dennis Hauger and a runner-up result by his rookie teammate Lochie Hughes. Not much changed in the test Tuesday with 21 car-driver combinations on the 13-turn, 2.258-mile natural terrain road course at Mid-Ohio. While times and speeds are not officially released from private tests, various media reports and social media feeds have given an opportunity to try to make some itemized deductions: Hauger Continues To Reign Formula 2 race winner Hauger opened the 2025 season by winning at St. Petersburg from the pole, leading all 44 laps. His dominance continued Tuesday in testing at Mid-Ohio, as his No. 28 Rental Group car was more than three-tenths clear of his closest competitor, veteran Callum Hedge of ABEL Motorsports. Hauger, from Norway, entered this season with title-or-bust aspirations considering his three seasons of experience in F2, the last ladder rung before Formula One. But there always are wrinkles to iron, such as learning a new car and tracks. So far, Hauger has steamed out all wrinkles and is the driver to beat entering the next round, the Grand Prix of Alabama on Sunday, May 4 at Barber Motorsports Park (11:30 a.m. ET, FS1, INDYCAR Radio Network). Hedge Again Quick in Testing; Race Pace Up Next Hedge proved again he is plenty quick against the clock in testing. He led the test in early February at WeatherTech Raceway Laguna Seca and was second here Tuesday, slightly more than three-tenths of a second behind Hauger. But Hedge needs to convert that pace into results if he wants to stay in touch with Hauger in the title race. Hedge qualified a disappointing 12th and placed eighth in St. Petersburg in the No. 17 ABEL Motorsports entry, leaving him already 30 points behind Hauger. Hughes Quietly Getting It Done In almost any other year, 2024 USF Pro 2000 champion Lochie Hughes would be the talk of the paddock after finishing second in his series debut at St. Petersburg and ending up third at this test. But Hughes also was joined this season at Andretti Global by Hauger, who has grabbed the INDYCAR development series by the scruff of the neck with his testing and race pace. Still, Hughes continues to quietly impress in his No. 26 McGinley Clinic/USF Pro Championship car. He finished second to Hauger in the St. Petersburg race and was third quickest at this test, less than a tenth of a second behind Hedge and slightly more than four-tenths behind leader Hauger. Hughes is finding the kind of consistency that will let him contend for more podium finishes and victories if his rapid teammate Hauger falters any weekend. Midfield Tightens While Hauger held an impressive gap of more than three-tenths of a second over the field, margins were tighter deeper in the pack. Just slightly over three-tenths of a second separated the No. 99 ABEL Motorsports/Force Indy car of Myles Rowe in fifth and the No. 29 Topcon machine fielded by Andretti Global and driven by James Roe.
Yahoo
30-03-2025
- Business
- Yahoo
Is Apple Inc. (AAPL) Best Stock to Buy for the Next 3 Months?
We recently published a list of . In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other best stocks to buy for the next 3 months. The year 2025 began with the surprise announcement of DeepSeek AI, launched in China, which shook the markets. Further volatility was experienced when the US government implemented trade tariffs across China and Europe. In March, President Trump suggested that his proposed reciprocal tariff regime would offer 'flexibility', giving investors some relief. Although it is unclear what the term 'flexibility' would entail. Rising tensions from conflicts in the Middle East and Europe added to market uncertainty. Looking ahead, investors will be watching closely for fresh economic indicators to assess the Fed's stance on future interest rates. The hedge fund industry is seen as a trusted source of investment opportunities. According to a report published by Reuters, assets have grown by nearly 56% since 2015. The industry had $4.51 trillion in assets under management (AUM) in 2024, 9.75% higher compared to the previous year. Total assets were the highest amount since 2021, rising by $401.4 billion in 2024 due to strong performances across different strategies. In terms of returns, hedge funds continued to show improvement year-on-year. As per a report by Pivotal Path, hedge funds returned 5.7% in 2023 and 10.7% in 2024, while some managers showed gains above 50%. This performance substantiates the industry's influence on markets. Looking ahead, the hedge fund landscape is poised for significant changes in 2025, driven by evolving market conditions, technological advancements, and shifting investor preferences. Mordor Intelligence predicts that the US Hedge Fund Market will have a market size of $2.95 trillion in 2025 and is expected to reach $4.05 trillion by 2030, a CAGR of 6.52%. Hedge funds have introduced new strategies for mitigating market risks for improved returns to their investors. These include diversifying towards smaller multi-strategy funds. After a decade of fluctuating demand, smaller multi-strategy funds have begun to show interest. In 2024, with traditional asset classes facing challenges from rising P/E ratios and tight credit spreads, the uncorrelated returns of reinsurance-linked strategies have become increasingly attractive. This is expected to drive substantial capital inflows into the sector in 2025, particularly from institutional investors seeking diversification and higher returns. Investors who can assess the market dynamics, adapt to changes, and identify future leaders in the space are well-positioned for success. Hedge funds have the resources to use advanced AI-driven technologies to predict market movements to ensure higher returns on volatile asset classes. Investors seeking to mitigate the impact of such volatility will opt for more stable, low-risk investments such as fixed-income securities. These provide a continuous stream of income in periods of high interest rates. In contrast, those willing to take advantage of high interest rates would opt for sectors benefiting from such a scenario, including banking, real estate, or tech firms, which are geared to take on high market volatility. The best stocks to buy over the next three months are chosen based on hedge fund sentiment toward these investments. For this list, we used Insider Monkey's Q4 2024 proprietary hedge fund holdings database and identified the 10 most popular hedge fund stocks. The stocks are ranked in ascending order of their hedge fund positions. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A wide view of an Apple store, showing the range of products the company offers. No. of Hedge Fund Holders: 166 Upside Potential: 15.72% Apple Inc. (NASDAQ:AAPL) is a global technology giant specializing in the design, manufacturing, and marketing of a wide range of consumer electronics and related services. The company's large product lines include the iPhone, Mac, iPad tablets, AirPods, Apple Watch, and Apple TV. With an upside potential of nearly 16%, AAPL is one of the best stocks to buy. Beyond hardware, Apple Inc. (NASDAQ:AAPL) offers a comprehensive ecosystem of services, including AppleCare support and cloud services. The App Store serves as a central hub for digital content and applications, while the company also provides advertising services, as well as subscription-based offerings such as Apple TV, Apple Music, and financial pay services, namely Apple Card and Apple Pay. Its customer base includes consumers, small and medium-sized businesses, government sectors, and corporations with a distribution network comprising of retail and online stores, partnerships with cellular carriers, wholesalers, retailers, and resellers. Apple Inc. (NASDAQ:AAPL)'s Q1 2025 earnings revealed a topline of $124.03 billion, an increase of 3.95% YoY, beating estimates by $273.49 million. EPS was $2.40, narrowly beating expectations by $0.05. It should be noted that the iPhone sales, which make up the large majority of the company's revenue stream, were stable at $69.1 billion. Apple Inc. (NASDAQ:AAPL) has been working on a foldable version of its iconic iPhone, with expectations that the product will be ready for market as soon as 2026, at a price of $2000. Analysts on X (formerly Twitter) reported that the company is expecting to finalize designs by the end of this fiscal year, while production and shipping will range between 3 to 5 million units in 2026 and as high as 20 million by 2027. Apple Inc. (NASDAQ:AAPL) has also carried out management restructuring, as per a report by Bloomberg. Mike Rockwell, who was previously heading the Vision Pro, will now oversee the work on Siri. Overall, AAPL ranks 9th on our list of best stocks to buy for the next 3 months. While we acknowledge the potential for AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
30-03-2025
- Business
- Yahoo
Is NVIDIA Corporation (NVDA) Best Stock to Buy for the Next 3 Months?
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other best stocks to buy for the next 3 months. The year 2025 began with the surprise announcement of DeepSeek AI, launched in China, which shook the markets. Further volatility was experienced when the US government implemented trade tariffs across China and Europe. In March, President Trump suggested that his proposed reciprocal tariff regime would offer 'flexibility', giving investors some relief. Although it is unclear what the term 'flexibility' would entail. Rising tensions from conflicts in the Middle East and Europe added to market uncertainty. Looking ahead, investors will be watching closely for fresh economic indicators to assess the Fed's stance on future interest rates. The hedge fund industry is seen as a trusted source of investment opportunities. According to a report published by Reuters, assets have grown by nearly 56% since 2015. The industry had $4.51 trillion in assets under management (AUM) in 2024, 9.75% higher compared to the previous year. Total assets were the highest amount since 2021, rising by $401.4 billion in 2024 due to strong performances across different strategies. In terms of returns, hedge funds continued to show improvement year-on-year. As per a report by Pivotal Path, hedge funds returned 5.7% in 2023 and 10.7% in 2024, while some managers showed gains above 50%. This performance substantiates the industry's influence on markets. Looking ahead, the hedge fund landscape is poised for significant changes in 2025, driven by evolving market conditions, technological advancements, and shifting investor preferences. Mordor Intelligence predicts that the US Hedge Fund Market will have a market size of $2.95 trillion in 2025 and is expected to reach $4.05 trillion by 2030, a CAGR of 6.52%. Hedge funds have introduced new strategies for mitigating market risks for improved returns to their investors. These include diversifying towards smaller multi-strategy funds. After a decade of fluctuating demand, smaller multi-strategy funds have begun to show interest. In 2024, with traditional asset classes facing challenges from rising P/E ratios and tight credit spreads, the uncorrelated returns of reinsurance-linked strategies have become increasingly attractive. This is expected to drive substantial capital inflows into the sector in 2025, particularly from institutional investors seeking diversification and higher returns. Investors who can assess the market dynamics, adapt to changes, and identify future leaders in the space are well-positioned for success. Hedge funds have the resources to use advanced AI-driven technologies to predict market movements to ensure higher returns on volatile asset classes. Investors seeking to mitigate the impact of such volatility will opt for more stable, low-risk investments such as fixed-income securities. These provide a continuous stream of income in periods of high interest rates. In contrast, those willing to take advantage of high interest rates would opt for sectors benefiting from such a scenario, including banking, real estate, or tech firms, which are geared to take on high market volatility. The best stocks to buy over the next three months are chosen based on hedge fund sentiment toward these investments. For this list, we used Insider Monkey's Q4 2024 proprietary hedge fund holdings database and identified the 10 most popular hedge fund stocks. The stocks are ranked in ascending order of their hedge fund positions. At Insider Monkey, we are obsessed with hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up of a colorful high-end graphics card being plugged in to a gaming computer. No. of Hedge Fund Holders: 223 Upside Potential: 45.37% NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computer, and networking solutions, including GPUs, software, and platforms for gaming, data centers, automotive, and AI. Its hardware-software integration, particularly its DGX cloud offerings, makes it a major player in AI and serverless computing. NVIDIA Corporation (NASDAQ:NVDA)'s CEO, Jensen Huang, also stated an improvement in their product performance by millions of times over the past decade and expects similar growth over the next decade. While having an established dominance in hardware, it also has an overwhelming presence in the cloud, with 93% of GPU-accelerated instances being powered by the company's hardware. NVIDIA Corporation (NASDAQ:NVDA)'s earnings report for the final quarter of 2024 revealed revenue of $39.33 billion, an astounding 77.94% YoY rise, shattering estimates by $1.19 billion. EPS was $0.89, also beating estimates of $0.04. The Semiconductor Industry Association (SIA), which includes NVIDIA Corporation (NASDAQ:NVDA) as a member, spoke about the importance of the US Trade Commission to look beyond tariffs and work with global allies to offset China's attempts at dominating the industry. 'In semiconductors, as in other advanced technologies, China has pursued a wide range of policies and practices that seek to frustrate access for foreign products and companies to its domestic market, while offering an array of subsidies, discriminatory standards, preferential government procurement policies, local content requirements, and other measures intended to boost local producers and design-in domestically produced semiconductor chips into downstream products for sale in China's domestic market as well as for products exported to the rest of the world. Overall, NVDA ranks 5th on our list of best stocks to buy for the next 3 months. While we acknowledge the potential for NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
