Latest news with #ScottBarlow
Globe and Mail
5 days ago
- Business
- Globe and Mail
A top pick in the hottest REIT sector
Daily roundup of research and analysis from The Globe and Mail's market strategist Scott Barlow Scotiabank analyst Himanshu Gupta went in-depth on the hottest REIT sector: senior housing, 'In the last three weeks, we reached out to 20+ retirement homes owned by CSH [Chartwell Retirement Residences] and SIA [Sienna Senior Living Inc], and posed as someone requiring a suite for their elderly grandmother! … Based on our conversations with marketing teams of various homes, we gathered 4 to 5% renewal rental spreads in 2025 (mostly similar to last year & in some cases slightly better), and very limited/targeted incentives on offer … Market rent growth is key to keep the Seniors Housing story going: We looked at previous cycle peaks of Industrial REITs, U.S. Sunbelt multi-family and CDN self storage - the three darlings during/post COVID. We observed that unit prices/AFFO [adjusted funds from operations] multiples peaked, in and around the same time when market rent growth peaked ... Based on supply-demand backdrop in Seniors Housing, we believe, market rent growth story is likely to sustain for the next few years, and as such Seniors Housing remains our most preferred sector ... CSH (CSH-UN-T) remains our top pick.' *** A nuclear power-focused podcast from BofA Securities emphasized thorium and a more enriched form of uranium, 'While adding capacity to existing plants isn't a major challenge, adding new US plants is more difficult. Jess Gehin from the Idaho National Lab and BofA Global Research's US Utility analyst Ross Fowler join to discuss what may lie ahead. Jess covers how the recent Executive Orders could accelerate the deployment of nuclear and how they've already stimulated activity. Jess also discusses HALEU [High-Assay Low-Enriched Uranium], a more enriched variety of uranium used in some of the small modular nuclear reactors as well as Thorium, a reactor fuel that was studied in the 1960s and which has seen a resurgence of interest. While Thorium could eventually provide the US a domestically sourced nuclear fuel that enables longer term growth in nuclear generation, Jess believes uranium will be the fuel that continues to dominate for the foreseeable future.' 'Dig it - nuclear renaissance looks to the '60s for inspiration' – BofA Securities *** Bloomberg's Edward Harrison sees trouble brewing under the surface of the U.S. economy, 'Ponzi financing has increased dramatically. Investors are chasing the next … Translation: investors have become increasingly comfortable buying shares of companies that can't fund themselves out of their own cash flow. Why is that, you might ask? I believe a lot of it has to do with the proven Silicon Valley model. It's Apple. It's Microsoft. It's Amazon… people are willing to overlook Ponzi financing of smaller public companies, regardless of sector, as they wait for profits to gush out when the companies reach scale. By the numbers, * 74.8% - Percent of small firms with negative sources of cash … If that constant uncertainty and whipsawing of prices finally brings the US economy to a standstill, there's a non- zero risk — I'd call it substantial — that investors' willingness to fund firms with operating budgets that exceed cash flow would diminish swiftly and substantially … What does that mean for big firms and the economy? My view is that it's akin to what we saw when the Internet bubble popped. Many a small internet companies and upstart telecom businesses went bust' 'The Financial Fragility Risks Are Not in the S&P 500' – Bloomberg *** Bluesky post of the day: Diversion: ' Midlife Mood Shift? Study Says Anger Drops After 50' – SciTechDaily
Reuters
24-06-2025
- Sport
- Reuters
Elly De La Cruz (HR, 3 RBIs) powers Reds past Yankees
June 24 - Elly De La Cruz homered, tripled and singled and drove in three runs as the Cincinnati Reds beat the visiting New York Yankees 6-1 in the opener of a three-game set on Monday night. De La Cruz atoned for a pair of defensive miscues by falling just a double shy of his second career cycle. De La Cruz topped off his memorable night with his 18th homer, an opposite-field shot to right in the eighth inning. Gavin Lux added a solo homer for the Reds. Cincinnati reliever Scott Barlow (3-0) relieved starter Nick Lodolo with one out in the fifth and retired all five batters he faced to earn the win. Aaron Judge belted a 398-foot homer to the upper deck in left, his 28th of the season, while Cody Bellinger doubled twice and had three hits for the Yankees. Following last year's three-game sweep at Yankee Stadium, the Reds have beaten the Yankees four straight times, the longest such streak in the series since Cincinnati swept the 1976 World Series. Barlow entered in the fifth after Lodolo labored through 94 pitches on a sweltering night on the Ohio River, where the temperature was 92 degrees at first pitch and the heat index neared 100 degrees. Lodolo allowed one run on six hits, striking out six and walking none. The Cincinnati lefty surrendered Judge's homer with two outs in the first. Starter Allan Winans (0-1) made his Yankees debut and cruised early, needing just 24 pitches to get through three innings. Winans, who was 7-0 with New York's Triple-A club in Scranton/Wilkes-Barre, was called up to make the start after Ryan Yarbrough went on the injured list with a right oblique strain. Winans, charged with four runs on five hits over 4 1/3 innings, came undone in the fourth as De La Cruz lined a triple over the head of center fielder Bellinger for a run-scoring triple to tie the game at 1-1. Spencer Steer followed with a sacrifice fly to left to put Cincinnati ahead 2-1. Gavin Lux then hooked a pitch from Winans inside the foul pole in right for his fourth homer and a 3-1 lead. De La Cruz singled in a run in the fifth and Jose Trevino hit an RBI single in the eighth. --Field Level Media
Yahoo
21-06-2025
- Sport
- Yahoo
Cincinnati Reds fight back to take series opener from Minnesota Twins
The Cincinnati Reds' clutch muscle appears to have grown quite strong. The Reds flexed that muscle Sunday against the MLB-best Detroit Tigers in a come-from-behind road win. They flexed it again Tuesday at Great American Ball Park as they rebounded twice from deficits to take the series opener from the Minnesota Twins at Great American Ball Park. Advertisement The emergence of this clutch play by Cincinnati is coinciding with winning eight of their last 10 games, arguably their hottest run of 2025, and the appearance of a team with at least some of the ingredients needed to be a contender. On Tuesday, T.J. Friedl's go-ahead, two-run double in the sixth inning proved decisive as the Reds won, 6-5, before a crowd of 26,153. That was one of several important cracks off the Reds' bats on a night when all six of their runs were scored with two outs, and when the Reds faced an early 1-0 deficit and later a 5-4 hole after a Christian Encarnacion-Strand error cracked the door open for the Twins to retake the lead. "We did some good things," Reds manager Terry Francona said. "We made some mistakes, but we did some good things. They're in a good place where they're fighting. Again, it's not always gonna be perfect but they're fighting. I like that a lot." Reds pitcher Scott Barlow (2-0) earned the win as Friedl's hit following his 1 1/3 innings of scoreless work. The ensuing save by Emilio Págan was his 17th, putting him in a tie for the sixth-most saves in baseball. Advertisement Cincinnati improved to 38-35 with the victory, seven games behind the NL Central-leading Chicago Cubs and only 1 1/2 games out of the third wild-card spot. The teams will meet Wednesday for the middle game of their series (7:10 p.m.) as Reds starter Nick Lodolo (4-5, 3.76 ERA) is scheduled to throw against the Twins' Bailey Ober (4-3, 4.40 ERA). Byron Buxton enjoyed an interesting sequence of back-to-back plays on both sides of the ball. First, he robbed Will Benson of a home run at the wall in center field to end the second inning and then led off the top of the third inning with a homer of his own to almost the same part of the field where he made his defensive play. Twins center fielder Byron Buxton kept the Reds from taking an early lead when he went above the wall to rob Will Benson of a solo home run in the second inning. Buxton came to the plate in the next half inning and homered for a 1-0 Twins lead. Benson would have his revenge. Advertisement The Reds were no-hit into the fourth inning when Benson hammered a two-run double to the left-center field wall. Elly De La Cruz scored on the double. He was hitless but walked twice with a steal and a run scored. He lined out in the eighth inning on a screaming line drive to center field measured at 110 mph off the bat. De La Cruz's offensive performance certainly didn't hurt his MLB All-Star Game candidacy with his batting average at .270 and his OPS up to .845. Now in front at 2-1, Cincinnati wasn't done in the fourth even though it probably should have been when Spencer Steer struck out for what should have been the third out of the at-bat. But Steer reached on a passed ball that rolled to the backstop after his swinging, third strike. Given the proverbial extra out to play with, the Reds capitalized. Jake Fraley singled to drive in Benson and Steer for a 4-1 lead. Advertisement National League All-Star candidate Andrew Abbott was cruising along in the meantime. The 4-1 lead was intact into the sixth inning, and Abbott was good enough to be out of that inning but for third baseman Encarnacion-Strand's error on a throw to first base on a routine ground ball. TJ Friedl heads out of the batter's box after connecting on his two-run, sixth-inning double that capped the Reds' second comeback of the game in their 6-5 victory over the Minnesota Twins Tuesday, June. 17. The throw pulled Steer off the bag, allowing Ty France to reach. Now, Minnesota had been gifted an out. They made it count. Two singles followed France, the second of which was hit by Trevor Larnach and drove France in. Then, Harrison Bader clapped a three-run homer to right field. Fraley got leather on the ball at the wall but couldn't secure the catch as the ball deflected off his glove, onto the top of the right-field wall and eventually over. The Twins led, 5-4. Advertisement "I think it was a difficult play and he got turned around, and that made it more difficult," Francona said. "It's a shame because we get to the third out in the sixth and (Abbott's). We're thinking probably send him back out. Not only does that not happen but the inning got extended. You know, a three-run homer that goes off of Jake's glove. That was unfortunate." Asked about Bader's homer run, Fraley said: "Sometimes you make plays and sometimes you don't and he hit it well. Didn't think that it was gonna go too far and then switched my hips and the realized 'OK, I'm probably gonna have to jump up over the wall here to get to it... Just didn't stick in the glove." Fraley and Reds fired right back. Again with two outs, Fraley and Matt McLain singled to put runners on first and second. Friedl then lofted his double into right-center field to drive in both runners and retake the lead at 6-5. Abbott was off the hook for a decision at that point. His record remained at 6-1 with a 1.84 ERA. Just one of the five runs against him was earned. Reds starter Andrew Abbott couldn't get out of a messy sixth inning in which the Twins scored four runs, all unearned. Abbott pitched 5 2/3 innings, allowing five runs, one earned, on eight hits. He struck out five and walked none, lowering his ERA to 1.84. "I credit our defense a lot. I'm still gonna sit here and credit them," Abbott said. "They've done a lot for me in every game up to this point. We all have our days. Those guys are gonna put in the work tomorrow and come back ready to go." Advertisement Barlow tossed 1 1/3 innings of scoreless relief. Tony Santillan added a scoreless inning with two strikeouts, and Págan closed the door. "Barlow gave us four big outs," Francona said. "He was the biggest cog tonight. He really pitched well." This story was updated to add a video. This article originally appeared on Cincinnati Enquirer: Cincinnati Reds take series opener from Minnesota Twins
News.com.au
03-06-2025
- Business
- News.com.au
Ferrari heavyweight replaces Scott Barlow as Sydney FC chairman
Scott Barlow's 13-year tenure as Sydney FC chairman has come to an end as part of an 'evolution' aimed at increasing the A-League club's 'international profile'. Ferrari Australasia president Dr Jan Voss, who joined the Sky Blues board last season, will replace Barlow as chairman. Voss is fluent in five languages – English, German, Italian, French, and Dutch – and 'brings a global perspective and deep experience in brand, performance, and strategic growth' As part of a 'broader strategic restructure', inaugural club chairman Walter Bugno returns to Sydney's board, while technology entrepreneur Sebastian Gray has also been added to the board. 'This is a pivotal moment for Sydney FC,' Voss said. 'I am honoured to be appointed chairman and to work alongside a board that is deeply passionate about football and our club's future.' The club's ownership structure hasn't changed, with the Barlow family remaining as 98 per cent investors, with the other two per cent owned by the Crismale family and two other Australian shareholders. 'With a strong and stable ownership base and a renewed focus on innovation, commercial growth, and elite performance, Sydney FC is more ready than ever to embrace the challenges of the modern football landscape,' Voss said. Barlow has not only departed as chairman but also as board member after two decades of service. 'I wish to thank Scott for his extraordinary leadership and commitment,' Voss said. 'His 13 years as chairman have laid the foundations for the club's next era of growth and international ambition.' Gray – who co-founded Dugout, a digital media company co-owned by a host of top European clubs, including Real Madrid, Barcelona, Bayern Munich, PSG, Arsenal, Chelsea, Liverpool, Juventus, and Manchester City – will strengthen Sydney's focus on 'innovation, digital engagement, and sustainable investment'. Sydney's board also includes technical director Han Berger, Michael Crismale, Suzie Shaw, and Peter Paradise. The Ufuk Talay-coached Sky Blues failed to reach this season's A-League finals series, finishing seventh on the ladder. They reached the semi-finals of the AFC Champions League Two competition before being knocked out by Singapore club Lion City Sailors.
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Canada ‘avoiding the worst, but far from the best', says BMO strategist
Daily roundup of research and analysis from The Globe and Mail's market strategist Scott Barlow BMO Canadian rates and macro strategist Benjamin Reitzes assesses the domestic economy as 'avoiding the worst, but far from the best', 'Despite the ongoing risks to the economy, we're upgrading the outlook for Canadian GDP growth. For 2025, we are forecasting 1.0% growth, up from 0.7% previously. For 2026, we are forecasting 1.2%, up from 1.0% previously. There continues to be extreme uncertainty around the outlook, and we could see significant revisions in either direction over the coming months. Indeed, we are still projecting negative growth for Q2 and Q3 (though a shallower contraction), qualifying as a so-called technical recession. While we're anticipating modestly stronger growth, that likely won't keep the Bank of Canada from cutting rates again at the next policy meeting in early June. The current tariff backdrop is closer to the BoC's Scenario 1 from the April MPR, though auto tariffs amplify additional downside growth risks. In that scenario, inflation is largely benign (in no small part due to the end of the carbon tax), while a small output gap persists. The latter two factors would usually point to a BoC rate cut. We still get April CPI next week, and March/Q1/April flash GDP at month-end, but we continue to lean toward a rate cut in June' *** Citi head of U.S. equity strategy Scott Chronert sounds downright bearish, 'What stands out this week in the data is that we continue to push the valuation envelope as the macro backdrop underpinning our fundamental outlook weakens. Our market implied FCF growth measure reached a new 15yr high alongside traditional and cross asset valuations all pushing into the top decile. Three important macro inputs to our earnings models released this week have all significantly underperformed our base case assumptions. Earlier in the week, the Fed's Senior Loan Officer Survey showed tightening of credit conditions while banks saw reduced demand for consumer loans. This morning, consumer sentiment fell again with declines in both political party affiliation breakouts. Lastly, import prices increased MoM for April, misaligned with our base case assumption that foreign suppliers will absorb a portion of tariffs by lowering prices. Lags are likely here so we may need another month or two of data to draw a conclusion' *** Equity markets have been climbing despite negative U.S. profit news which is a bit confusing. RBC Capital Markets head of U.S. equity strategist Lori Calvasina says there's more negative profit news ahead, 'The big things you need to know: First, the S&P 500 EPS backdrop has stabilized, but we still anticipate further downward revisions for 2025 S&P 500 EPS. After a preliminary model refresh, we are maintaining our 2025 S&P 500 EPS forecast of $258, which is below the bottom-up consensus of $265. Second, we've updated our S&P 500 valuation model to reflect updated RBC house views on key macro variables like interest rates and inflation. It suggests that last week's gap up in the stock market was largely deserved, but that upside from here may be limited without another major step-up improvement in broader macro expectations. Third, we outline our thoughts on the suddenly sour news flow for stocks'. *** Wells Fargo strategist Austin Pickle recommends selling the rally in emerging markets stocks which is interesting for Canadi9an investors in light of the long term correlation between the (currency adjusted) TSX and MSCI Emerging Markets index, 'The long-term EM equity track record has been uninspiring EM earnings have barely budged since 2007, and index levels remain roughly 15% below their pre-global financial crisis highs. These figures stand in stark contrast to the S&P 500 Index, which has delivered impressive earnings growth and returns over the same period. Meanwhile, a study of volatility reveals that EM experienced nearly triple the number of bear markets defined as drops of 20% or more — during this time. In the case of EM, higher risk has not translated into higher returns these past 18 years. Some core structural issues also help to keep EM a 'show me' story. These include political and economic instability, corporate governance concerns, variable regulatory risks, as well as China's excessive debt, slumping property sector, and slowing growth brought on by the planned shift to a consumer-led economy'. *** Bluesky post of the day: Diversion: 'The economics of sleep' – Marginal Revolution
