Archive

2023

Browsing

In this episode of StockCharts TV’s Sector Spotlight, for this first week of February, I cover both the seasonality and the monthly charts. We have an interesting alignment of seasonal expectation and current sector rotation floating to the surface, offering a nice potential pair trading opportunity.

This video was originally broadcast on February 7, 2023. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.

Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.

#StaySafe, -Julius

A former senior vice president of Wells Fargo has filed a lawsuit alleging she was raped by a colleague, and is accusing three other co-workers of enabling the assault.

And when she raised the incident with Wells Fargo officials, the bank did not expeditiously investigate the allegations, the lawsuit claims.  

The accuser, referred to as Jane Doe in the suit, names Eric R. Pagel, a Wells Fargo senior investment strategist and managing director, as her alleged attacker. She alleges Pagel repeatedly subjected her to unwanted advances, groping and sexually denigrating comments, both before and after the alleged incident took place.

It was not immediately clear whether Pagel continues to work at Wells Fargo. Reached by text message, he referred a request for comment to Wells Fargo, which issued a brief statement.

“We take all allegations of misconduct very seriously,” spokesperson Richele Messick said in an email. “We just learned of the lawsuit today and are reviewing it.”

The accusations represent another negative mark for a bank that has faced numerous federal inquiries into its practices. Most recently, it paid $3.7 billion to settle a slew of alleged consumer abuses in the wake of what regulators called its “rinse-repeat cycle of violating the law.”

Wells Fargo has also been the subject of media reports describing a “toxic culture” that led to employees creating millions of fake bank accounts, a scandal that led to the ouster of longtime CEO John Stumpf.

According to Jane Doe’s complaint, filed Thursday, the alleged attack occurred during a business trip to Bakersfield, California, on Jan. 23, 2020. That evening, the complaint states, Doe and the defendants went to dinner and a bar, where they “consumed copious amounts of alcohol, and Doe became intoxicated.”

Afterward, David Weitzel, a senior vice president named as a defendant by Doe, walked Doe back to her hotel room. Soon thereafter, Pagel knocked on her door, forced his way in and raped her, the complaint states.

Reached by text message, Weitzel indicated he and the other defendants named in the suit, Mark Peterson and Brian Ray, did not yet have an attorney. Weitzel declined to respond to additional follow-up questions. Peterson and Ray could not be reached for comment.  

About a week later, Doe says in the complaint, she confronted Pagel, and he admitted the pair had sex multiple times. Doe’s suit alleges Pagel acknowledged that he knew she was intoxicated. 

“For the ensuing months,” Doe states, she “was emotionally distressed to the point of paralysis with the thought of her sexual assault.” She also says Weitzel demonstrated a “cavalier attitude” when she pointed out further inappropriate comments.

Doe initially held off on making a formal complaint about the alleged attack through Wells Fargo’s formal channels because she was “too embarrassed and mortified” at the idea of doing so, “catastrophizing scenarios in her head whether she would be believed, blamed, ridiculed, retaliated against and somehow further victimized for speaking up,” the complaint states.

“However, as time passed with the perpetrators living as if nothing happened to her, she eventually built up the courage to speak up,” the complaint states.

On Nov. 13, 2020, Doe finally filed a formal complaint about the assault to the Wells Fargo’s ethics hotline. She subsequently lodged a formal complaint with the Los Angeles County Sheriff’s Department.

In response to her official complaint, Doe alleges in the suit, Wells Fargo retaliated against her by reassigning her clients to another employee without her input, excluding her from important client communications, and threatening to exclude her from lucrative accounts.  

Doe says Wells Fargo did not begin its internal investigation in earnest until she made a formal charge with the U.S. Equal Employment Opportunity Commission (EEOC) in April 2021, five months after her internal complaint to the company. 

In a statement, the EEOC said it does not comment on potential filings. 

In July 2021, Doe resigned from Wells Fargo, Doe states in the complaint, “feeling her ongoing employment there “was intolerable to her wellbeing.”

Doe is seeking compensatory and punitive damages for lost wages and benefits, emotional distress, medical expenses, and attorneys’ fees.

“Our client was taken advantage of and raped by a superior, suffering trauma, betrayal, and an utter invasion of personal space that no one should be subjected to in any workplace,” the plaintiff’s attorney, Ron Zambrano of West Coast Trial Lawyers, said in a statement. “Wells Fargo’s response, just sitting on their hands and dragging their feet not even attempting to conduct a competent investigation, is absolutely unacceptable.”

This post appeared first on NBC NEWS

Golf is a hard sport to play, even for professionals.

That said, if you’ve ever seen events like the Pebble Beach Pro-Am or the American Century Celebrity Golf Championship out in Lake Tahoe, chances are you were surprised at the celebrity talent level. But just how good are they?

Thanks to the USGA’s Golf Handicap and Information Network (GHIN), we were able to compile the handicaps of some of your favorite celebrities, athletes and politicians (not just President Trump).

Donald Trump: 2.8

Apparently owning 17 golf courses is conducive to being pretty good. Who knew?

Bill Murray: 7.2

His character in Caddyshack looped for the Dalai Lama himself, so it’s no wonder he boasts a 7 handicap.

Justin Timberlake: 1.0

He can sing, dance, act and play golf? Is there anything JT can’t do?!

Michael Jordan: 1.9

The greatest basketball player of all time isn’t too shabby with a driver in his hand, either.

Tony Romo: +0.3

The CBS broadcaster and former Cowboys quarterback is no stranger to shooting under par … unless it’s at a PGA Tour event.

Stephen Curry: 0.1

A member of the Golden State Warriors’ ‘Splash Brothers,’ Curry’s golf shots rarely end up in the water.

J.R. Smith: 6.7

When he’s not draining 3’s in the NBA, Smith is draining putts at the local links.

Jake Owen: 3.1

The country music star had professional golf aspirations in high school, but it’s safe to say 2012’s Breakthrough Artist of the Year is doing just fine on stage.

Tom Brady: 9.3

Because why wouldn’t one of the best quarterbacks of all time also be good at golf?

Kenny G: 3.5

His golf game is almost as strong as his saxophone game, which is really saying something.

Wayne Gretzky: 9.8

The hockey legend isn’t as good as Dustin Johnson, who’s married to Paulina Gretzky, but The Great One is no slouch on the course.

Condoleezza Rice: 11.6

It’s not all business for the former Secretary of State, who can get it done on the course. In 2012, Rice was announced as one of the first two women to be admitted as members to Augusta National Golf Club.

Kevin Costner: 11.4

Judging by his handicap, the Tin Cup star did some great acting in the movie.

Matt Ryan: 2.4

The veteran quarterback is one of many great NFL players who can also stick it on the course.

Samuel L. Jackson: 10.3

The movie star’s contracts actually have a clause that allow him to play golf when shooting a film. Not a bad gig, right?

This post appeared first on USA TODAY

In February for Black History Month, USA TODAY Sports is publishing the series “28 Black Stories in 28 Days.” We examine the issues, challenges and opportunities Black athletes and sports officials continue to face after the nation’s reckoning on race following the murder of George Floyd in 2020. This is the third installment of the series.

One of the best sports movies of all time is ‘White Men Can’t Jump.’ It was made in 1992 and was deliciously sarcastic, funny, and a smart commentary about race and stereotypes. It’s a truly unique movie which is why a remake of it is such a dumb idea.

Really dumb. One of the stupidest ideas Hollywood ever had (and that’s saying something).

Yes, I’m saying all of this before the remake comes out in May, because I feel so strongly about this. If I’m wrong, I’ll come back and say I was wrong and I’m the real idiot.

But I won’t be wrong. Here’s why.

Woody Harrelson and Wesley Snipes were magical

In the original, two basketball scammers, played by Woody Harrelson and Wesley Snipes, combine scam forces, and what follows is some of the best acting performances in sports movie history.

Their chemistry is remarkable. The way they play off of each other is wonderful to watch. Throw in the talents of Rosie Perez and you have a great movie.

No offense to the stars of the remake but there is no way they can reach those heights.

We know white men can jump

Well, we knew it then, but we definitely know it now.

One of the reasons Harrelson’s character can be part of the scam is the belief by Black basketball players in the movie that white men can’t play the sport. You had to of course suspend disbelief because there was a player named Larry Bird. Maybe you’ve heard of him?

But now? The NBA is still mostly Black but white stars are a normal thing. Dallas’ Luca Doncic is one of the most talented in the league and the influx of European players in the three decades since the original movie has changed the complexion of the league and how white players are perceived.

Hoops scams wouldn’t work today

One of the advantages that Harrelson’s character had in scamming was that there was no TikTok, Twitter, Facebook or YouTube. He could move from city to city scamming and no one could really pick up his trail.

Scamming now? All of it would be recorded by this invention called a cellphone. There’d be TikTok videos for days about a pair of hoops tricksters. It would be impossible to do it.

Just leave some things alone … sheesh

Seriously, does everything have to be remade? Can we just let some movies be? Just stay as classics?

Is there something wrong with that?

I know what some of you will say. You’re just an old man, yelling at clouds. Relax, Mike, it’s not the end of the world.

No, it’s not, but it’s OK to leave some movies and ideas as just great movies and ideas. There’s no need to try and improve on them.

Especially, as in this case, when you’re guaranteed to fail.

This post appeared first on USA TODAY

The No. 1 spot in the USA TODAY Sports men’s college basketball coaches poll will not change hands this week after all.

Purdue retains the top position after Saturday’s road loss at archrival Indiana. Though the decision is no longer unanimous, the Boilermakers still received 15 of 32 first-place votes to finish 15 points ahead of Houston. The Cougars move up to second with 13 first-place nods.

Alabama moves up to No. 3 after going 2-0 during the week and claims one No. 1 vote. Arizona jumps three places to No. 4 as Tennessee slips from second to fifth, though the Volunteers were voted first on two ballots.

The final No. 1 vote went to Texas, now leading the hotly contested Big 12. The Longhorns gain three positions overall to check in at No. 6. UCLA, tied for ninth with Texas last week, hops over Kansas to grab the No. 7 spot. Virginia falls five places to No. 9, and Big East co-leader Marquette rounds out the top 10.

Follow every game: Latest NCAA Men’s College Basketball Scores and Schedules

The Big 12 claims the next three spots with Kansas State, Baylor and Iowa State. Saint Mary’s vaults four places to 14th after upending No. 16 Gonzaga. Indiana also improved four positions to No. 18 following the Purdue victory.

The ACC picks up a couple more representatives in the poll as North Carolina State enters at No. 22 and Duke rejoins in a tie for 24th with Clemson just a point ahead of Creighton. No. 23 San Diego State is also back in the Top 25.

Florida Atlantic, Auburn and Illinois are this week’s drop out.

This post appeared first on USA TODAY

Star guard Kyrie Irving threw the NBA trade deadline into chaos on Friday with his request to be moved from the Brooklyn Nets to another team before Thursday’s deadline.

The Nets didn’t wait long to trade the sought-after All-Star. The Mavs reached a deal to acquire Irving, who has three Finals appearances, a championship, eight All-Star appearances and is averaging 27.1 points, 5.3 assists and 5.1 rebounds this season.

That won’t be the only major deal. There is plenty of attention on Phoenix, Toronto, Memphis, New Orleans, Miami, the Los Angeles Lakers, the Los Angeles Clippers and Utah.

Will the Jazz continue selling to accelerate their rebuild? Do the Raptors get a haul of first-round picks in return for OG Anunoby? Can the Lakers salvage their season amid LeBron James’ pursuit of the NBA’s all-time scoring record?

Some teams are buyers, some are sellers and some are trying to figure out what they want to be.

Follow every game: Latest NBA Scores and Schedules

With so many teams bunched close enough in the Eastern and Western conference standings and a belief that no one contender is considerably better than another, deals will be made.

Let’s take a look at the trades that have happened this season. USA TODAY Sports will keep you updated as deals happen this week:

Kyrie Irving to the Mavericks

Feb. 5: Kyrie Irving got his wish. Two days after asking for a trade from Brooklyn, the Nets sent him and Markieff Morris to Dallas for Spencer Dinwiddie, Dorian Finney-Smith, a 2029 first-round pick and 2027 and 2029 second-round picks.

Rui Hachimura to the Lakers

Jan. 23: The Washington Wizards traded Rui Hachimura to the Los Angeles Lakers for Kendrick Nunn and two second-round draft picks.

Noah Vonleh to the Spurs

Jan. 5: The Boston Celtics traded Noah Vonleh and cash considerations to the San Antonio Spurs for a second-round pick.

Follow NBA reporter Jeff Zillgitt on Twitter @JeffZillgitt

This post appeared first on USA TODAY

It should be a classic battle in Super Bowl 57 as the top seeds in their respective conferences meet for the coveted Lombardi Trophy.

But don’t be surprised if the Philadelphia Eagles end up having their way with the Kansas City Chiefs. 

According to the official Super Bowl simulation on EA Sports’ popular video game, Madden NFL 23, the Eagles will soon be celebrating their second championship in the past six seasons. 

Game MVP Jalen Hurts threw for 282 yards and two touchdowns – with an additional 88 yards and another score on the ground – to lead Philadelphia to a 31-17 simulated victory over Kansas City.

Hurts got the Eagles on the board with a 9-yard TD run in the opening quarter, then connected in the third quarter with wide receiver A.J. Brown for a 26-yard score and with DeVonta Smith on a 63-yard bomb to turn a 10-10 halftime tie into a relatively easy win. 

Super Bowl Central: Super Bowl 57 odds, Eagles-Chiefs matchups, stats and more

The Chiefs briefly had the lead on a 4-yard touchdown pass from Patrick Mahomes to Travis Kelce in the first quarter. But that was about all the Chiefs could muster as the Eagles held Mahomes to 249 yards passing for the game.

This post appeared first on USA TODAY

Kyrie Irving’s weekend trade to the Dallas Mavericks was a significant topic of conversation across the sports-related airwaves Monday morning, but the discussion took an ugly turn when Stephen A. Smith and Jay Williams appeared to get personal during ESPN’s ‘First Take’ program.

During a dialogue breaking down Irving’s move from the Brooklyn Nets to the Mavericks, Williams seemed to insinuate Smith was criticizing Irving’s controversial off-court dealings more harshly than other professional athletes.

Smith responded by labeling Williams’ opinion as ‘BS,’ which led to Williams, who was appearing as a guest on the show, calling Smith ‘very emotional’ and lamenting his lack of time given to speak by Smith, the program’s longtime host.

Follow every game: Latest NBA Scores and Schedules

Why is Kyrie Irving controversial?

Although supremely talented on the court, Irving has been a highly controversial player for multiple seasons across tenures with multiple teams.

Irving made three consecutive trips to the NBA Finals with the Cleveland Cavaliers but wanted out and was traded to the Boston Celtics in 2017. After initially stating he wanted to remain in Boston, he left for the Nets in 2021.

Prior to his trade Sunday, Irving played 143 of a possible 278 games over three seasons in Brooklyn. His refusal to get the COVID-19 vaccine sidelined him for many games during the height of the coronavirus pandemic. His promotion of an antisemitic film and refusal to immediately apologize resulted in a suspension earlier this season.

Irving also said he believed the Earth was flat in a 2017 podcast appearance, although he later walked back those comments. During the same podcast, Irving also expressed his belief that former President John F. Kennedy was killed to ‘end the bank cartel in the world.’

Why did Stephen A. Smith and Jay Williams argue?

It wasn’t the first time Smith made headlines for coming to verbal blows on the air.

Smith, a longtime sports broadcaster, is known for his argumentative style and fiery rants when discussing the NBA and other high-profile sports topics. It wasn’t surprising to see him worked up about Irving, whom he has criticized in the past.

Williams, meanwhile, accused Smith of ‘having a personal issue’ with the three-time All-NBA point guard. Williams said Smith seemed ‘triggered,’ which led to a tense exchange that ended with moderator Molly Qerim interjecting.

Smith: I’m always triggered.

Williams: No, you’re not.

Smith: Oh, yes, I am.

Williams: No, you’re not.

Smith: Yes, I am.

Williams: No, you are not.

Smith: OK.

Despite the show’s segment seemingly focused on Irving, what resulted was essentially a heated debate between Smith and Williams taking personal jabs at one another instead of breaking down a trade that is sure to have playoff ramifications in both conferences.

This post appeared first on USA TODAY

On Monday, the Denver Broncos introduced Sean Payton as their new head coach, as he tries to resurrect the career of quarterback Russell Wilson.

Last season, under rookie head coach Nathaniel Hackett, Wilson posted career lows in completion percentage (60.5%), passing touchdowns (16) and quarterback rating (84.4). Payton, meanwhile, oversaw one of the most prolific stretches of any passing offense when he and Drew Brees teamed up with the New Orleans Saints to rewrite the NFL record book.

Still, in order to justify his salary, Payton will need to build a competitive offense around Wilson’s skill set.

Here’s everything you need to know about Sean Payton’s hiring in Denver.

How much will Sean Payton make as coach of the Broncos?

Super Bowl Central: Super Bowl 57 odds, Eagles-Chiefs matchups, stats and more

According to NBC Sports, Payton’s contract will be five years, ‘in the neighborhood of’ $18 million per season. That instantly gives him one of the richest coaching contracts in NFL history. 

What has Russell Wilson said about Sean Payton’s hiring?

Wilson has shied away from making public comments about Payton’s hiring, but NBC Sports reported that Wilson has reached out to Drew Brees, the retired former Saints quarterback who excelled under Payton, in order to prepare for his time with Payton. NBC Sports also reported that Wilson is ‘willing to be coached hard’ by Payton.

In September 2022, Wilson signed a massive contract extension that could be worth up to $245 million.

What has Sean Payton said about Russell Wilson?

During his introductory news conference Monday, Payton was asked several times about Wilson.

‘Here’s what I know: I know he’s an extremely hard worker,’ Payton said Monday. ‘That’s important. I think you take that and you understand the skill set. He’s won a lot of games in Seattle; we played them quite a bit just because we were both playoff teams in the NFC at the time. …

‘The No. 1 job for us as coaches in evaluating our players is what do they do really well and try to put them in those positions. That’s the starting point.’

Who might Sean Payton look to hire as Broncos offensive coordinator?

Though it is very much Payton’s offense, his choice for offensive coordinator will have a massive impact on the direction the Broncos take offensively and Wilson’s continued development. One obvious choice could be Joe Lombardi, the former Los Angeles Chargers offensive coordinator who was recently fired. Lombardi spent two stints with the Saints, from 2007-13 (as an offensive assistant and then quarterbacks coach) and then from 2016-20 (as quarterbacks coach).

Another name to watch is current Buffalo Bills quarterbacks coach Joe Brady. Back in 2017-18, Brady served as an offensive assistant for the Saints before he went on to LSU and then the Carolina Panthers (as offensive coordinator from 2020-21). In fact, Buffalo’s staff has another Payton connection, as current Bills offensive line coach Aaron Kromer spent five seasons in New Orleans (from 2008-12), including serving as the interim coach while Payton was suspended for his role in the Bountygate scandal.

This post appeared first on USA TODAY

Tom Brady’s ‘official’ retirement announcement wasn’t as shocking as the original last February, but it did bring a sense of closure to the seven-time Super Bowl champion’s career.

With attention now turning to his legacy on the football field, there’s talk about him signing a one-day contract with the New England Patriots to reunite with the franchise he called home for the first two decades of his NFL career.

‘I’d love to do it,’ Patriots owner Robert Kraft told USA TODAY on Sunday night, ‘but one way or another, he is a New England Patriot. All of America knows that and we had it for 20 years.’

TOP 12 FOR TB: Most iconic moments of Tom Brady’s career

APPRECIATION: In retirement, Brady can be seen as more human than immortal

Super Bowl Central: Super Bowl 57 odds, Eagles-Chiefs matchups, stats and more

As for Brady calling it quits, Kraft isn’t sure he’s past his physical prime — even at age 45.

‘He could still play if he chose to,’ Kraft said. ‘I think every section of your life is different chapters in a book and I think he decided it was best for him to move on. I think there were other challenges that he’d like to do now.’

The Patriots selected Brady with the 199th overall pick in the 2000 NFL draft and he led them to six Super Bowl titles.

‘It was the best decision we ever made,’ Kraft said.

This post appeared first on USA TODAY