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MANCHESTER, N.H. — As the 2024 White House race appears to be moving toward a rematch between President Biden and former President Trump, the centrist group No Labels is taking steps to prepare for a possible third-party unity ticket.

And the group says it has support, pointing to a slew of public polling that indicates Americans are anything but jazzed about a Biden-Trump presidential election.

‘We’re responding to a clear demand from American voters. The vast majority of them aren’t happy with the likely major party nominees,’ said the group’s chief strategist, Ryan Clancy. ‘They want another choice, and all No Labels is doing is offering them that choice.’

Clancy, in an interview with Fox News Digital on Thursday, said No Labels is ‘doing a lot of dialogue with our members across the country to get a better sense of the kind of candidates, the specific candidates, that people would want to see on the ticket.’

He reiterated that the group hadn’t made a final determination about whether they would be better served with having a Republican rather than a Democrat at the top of their potential ticket.

‘The basis for that is some polling we did over the summer,’ Clancy told Fox News. ‘We just found that a unity ticket on the top just did better, had a better chance to win. And so that was the basis of that thinking. But we haven’t made any final determination as to whether it would be a D or an R or an I on the top.’

Clancy added that ‘we’re going to be doing some more polling here in the next couple of weeks before we make any final decisions.’

Job No. 1 right now for No Labels is getting on the ballot.

The group says it’s on the ballot in 14 states and is currently working in 13 others. It says it intends to have ballot access in 32 states by later this year.

‘Our focus had to be on getting on the ballots in all 50 states. Because if we didn’t do that, there’s no option to run candidates. So, that’s what we’re doing now,’ former Sen. Joe Lieberman of Connecticut said during a news conference Thursday.

Liberman, the 2000 Democrat vice presidential nominee who won his last election to the Senate in 2006 as an independent, is the founding chairman and co-chair of No Labels.

No Labels Co-Executive Director Margaret White said that ‘we will decide in the coming months whether to offer our ballot line to a unity presidential ticket. If we do so, that ticket’s presidential campaign will be responsible for securing access in the final 18 states, plus the District of Columbia.’

As it works to gain ballot access, No Labels is also reaching out to potential candidates on a national bipartisan ticket.

‘The reality is we’re beginning to talk to potential candidates,’ Lieberman said.

Discussing the timetable, he said ‘when it becomes clear — as it certainly looks it will — that Republicans will nominate Donald Trump and Democrats Joe Biden, then as we’ve said, around Super Tuesday of March, or perhaps earlier, we will make a decision about whether the data tell us that there’s a constructive role for us to play by offering our third lines in all the states to a bipartisan unity ticket.’

‘The candidates will emerge, I would say, no later than April,’ Lieberman said. ‘There will be a lot of time between April and the November election for them to offer that third choice to the American people and for the American people to get to know the unity candidates.’ 

A new name that came up this week is former United Nations Ambassador and former South Carolina Gov. Nikki Haley, who’s currently battling commanding front-runner Trump for the Republican nomination.

‘If Gov. Haley does not succeed in obtaining the Republican nomination for president, and she declares any interest in being part of our bipartisan unity ticket, I’m sure the people of No Labels would give that the most serious consideration,’ Lieberman said.

The idea was quickly shot down by the Haley campaign.

‘Nikki has no interest in No Labels. She’s happy with the Republican label,’ Haley campaign communications director Olivia Perez-Cubas responded in a statement to Fox News.

While Haley doesn’t have an interest, Lieberman said, ‘[W]e’re talking to a lot of people in both parties about potentially running.’

‘Really, none of them said no. But none of them have said yes,’ he added.

Opponents of No Labels, which includes outside Democrat groups and operatives, have repeatedly argued that if a unity ticket is launched, it would only boost Trump’s chances of retaking the White House. And No Labels opponents have publicly stated that they would put pressure on the organization and its staff as well as with donors and potential candidates.

But No Labels has consistently argued that if they field a ticket, they won’t be spoilers.

Lieberman said that ‘based on our polling, we think there is’ a plausible chance for a bipartisan unity ticket to win in November.

Trump scored a massive victory in this week’s Iowa caucuses, and if he wins big again in next week’s New Hampshire primary, there’s a possibility the GOP presidential nomination race could come to an early end.

But Clancy said an early end to the Republican White House battle won’t speed up the group’s timetable.

‘The reason is because we still have work to do on the ballot, and that’s going to continue,’ he said.

‘We’ve got to just run through the finish line,’ he added. ‘Sometime mid-March is what we’re thinking.’

This post appeared first on FOX NEWS

On this week’s edition of Stock Talk with Joe Rabil, Joe explains the number one mistake he sees traders make. He shows how both day traders and swing traders can get so laser-focused that they miss key components necessary for a successful trade; he then discusses why he uses multiple timeframes and how it can help correct this mistake. He then covers the symbol requests that came through for the week, including MMM, INTC, and more.

This video was originally published on January 18, 2024. Click this link to watch on StockCharts TV.

Archived episodes of the show are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show. (Please do not leave Symbol Requests on this page.)

The Utilities sector is known as a defensive investment simply because it generally withstands all phases of the business cycle. Utility stocks are often considered complementary assets to assets aimed at “growth.”

Yet even within defensive sectors like Utilities, growth is also a matter of timing. From a seasonal perspective, there are some months when Utilities tend to outperform the S&P 500. Considering the rising demand for electrification and EV adoption, and that many utility companies are adopting artificial intelligence (AI) technologies, the rising tide in Utilities might come in stronger and higher this time than in years previous.

Whether it does or not, it’s worth anticipating such a trend, especially if you are looking at Utilities for a short-term seasonal play or to further diversify your portfolio long-term. Let’s look at the Utilities Select Sector SPDR Fund (XLU) as a sector proxy by focusing on the following:

XLU’s 10-year seasonal performanceXLU’s 10-year seasons’ performance against the S&P 500 ($SPX)XLU’s weekly and daily performance

If you want to allocate some of your funds to XLU, you must find a good entry point.

How to Access the Seasonality Tool

There are different ways to access the seasonality tool in StockCharts.

Click the Charts & Tools tab at the top of the StockCharts page, enter a symbol in the Seasonality panel, and click “Go.” Enter the symbol in the ChartBar at the top of the page and select “Seasonality” from the dropdown menu on the left.From Your Dashboard, in Member Tools, click on Seasonality.Below the seasonality chart, you’ll find links to instructions and quick tips that give more detailed instructions.

XLU’s 10-Year Seasonal Performance

CHART 1. XLU’S 10-YEAR SEASONAL PERFORMANCE. Look at its higher closing rate relative to its average monthly returns and compare it to the chart below, which tracks its relative seasonal strength against the broader market.Chart source: StockCharts.com. For educational purposes.

XLU’s strongest seasonal months are in March (67% higher-close rate and 3.2% average return), July (78% higher close rate and 3.3% average return), and October (89% higher-close rate and 2.2% average return).

February is seasonally its worst month, with a 33% higher-close rate—a 67% lower-close rate—and an average return of -2.5%. This seasonal context is important to know because we’re heading into February in a matter of weeks. But a seasonality reading would seem incomplete if you didn’t also look at XLU’s performance against the broader market.

XLU’s 10-Year Seasonal Performance Against the S&P 500

CHART 2. XLU’S 10-YEAR SEASONAL PERFORMANCE AGAINST THE S&P 500. Compared to the S&P 500, seasonality charts can change quite drastically.Chart source: StockCharts.com. For educational purposes.

In contrast to the seasonality chart in Chart 1, July is a poor month for XLU compared to the S&P 500. XLU’s comparative performance in October is rather tepid. However, March’s performance against the S&P 500 is seasonally the strongest, while February remains similarly weak.

So, if you’re aiming for a seasonal play, might February be a favorable entry point in anticipation of March’s potential outperformance? Let’s look at XLU’s weekly performance.

XLU’s Longer-Term Cyclicality

CHART 3. WEEKLY CHART OF XLU. It may be channeling downward, but are the smaller cycles relatively consistent?Chart source: StockCharts.com. For educational purposes.

Since the March 2020 crash, where XLU (along with the market as a whole) bottomed out, you can see how it channeled upward, peaking in the summer of 2022, before then channeling downward.

Many analysts would argue that Utilities tend to see longer growth swings a year prior to (and months after) a recession. It’s a safe-haven play. As for 2024 prospects, analyst predictions for Utilities and XLU remain mixed. However, note XLU’s strong cyclicality, referencing its swings to the Stochastic Oscillator’s high-to-low cycles. XLU is currently in a down cycle. And this matches both of XLU’s seasonality profiles mentioned above. So, if you were to jump into February weakness to ride XLU’s potentially strong March upswing, what’s a good buy point?

A couple of things: If seasonality expectations prove consistent with previous years, then it’s reasonable to expect further weakness in February and a potential rally in March.

Overlaying an Ichimoku Cloud in the daily chart is helpful for reference and context (see chart below). Its lowest point coincides with the first level of potential support near $59.00 (November lows indicated by dashed line labeled 1). Price is likely to reach this level in a few weeks, and you’ll want to see whether price begins consolidating at the level or whether it bounces. This level also serves as a potential buy point if you’re looking for a seasonal trade.

CHART 4. DAILY CHART OF XLU. Note the three possible entry points coinciding with XLU’s February seasonal weakness.Chart source: StockCharts.com. For educational purposes.

Worse to worst-case scenarios will see price breaking below the first level and potentially bouncing off the second and third levels indicated on the chart. The third level ($54.50) marks a two-year low; you’ll likely see plenty of reaction if the price closes toward that level.

So if you’re looking to take advantage of February weakness and March strength expectations, you’ll want to set a price alert at $60 and observe what happens when price reaches $59. If no consolidation or reversals occur, and if price continues to fall well into February, set alerts for the next two levels indicated on the chart. It’s kind of a see-and-respond scenario. And timing, especially considering it’s a seasonality play, is everything in this situation. But at least you have the reference points to help make a better decision.

How To Set a Price Alert

Setting a technical alert at these support and resistance levels would be helpful as you weigh your potential entry points against any market developments that may influence your decision.

To access the Technical Alert Workbench, follow these steps:

From Your Dashboard, click the Alerts button > New in Your Alerts panel.In the Alerts workbench, choose which type of alert you want to create from the Alert Type buttons at the top left.To create a price alert, select Price Alert as the alert type.Add a symbol in the symbol box, set your price trigger, and choose how you wish to be notified.Click the Save Alert button.

The Bottom Line

Remember that this particular seasonality reading frames the larger economic context surrounding Utilities. Many changes and new developments are happening, and analyst predictions are mixed. So, set a technical price alert at the support and resistance levels as you weigh your potential entry points.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

In this edition of StockCharts TV‘s The Final Bar, guest John Kolovos, CFA CMT of Macro Risk Advisors describes how the market is reacting to “good overbought” conditions in late 2023, and why the Russell 2000 small cap ETF may be the chart to watch in Q1 2024. Dave lays out key support levels for Bitcoin and highlights one group in the technology sector continuing to press new 52-week highs.

This video originally premiered on January 18, 2024. Watch on our dedicated Final Bar page on StockCharts TV!

New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

As the S&P 500 digests the rally to all time highs, Alex and Tyler take a look at GoNoGo Trend® conditions of several areas of the market on this edition of the GoNoGo Charts show. Amongst US equity indices, the Nasdaq and S&P offer more constructive conditions than the Dow. This week, the duo look at the disparity between leaders and laggards within the Dow, which is suggesting that passive indexing may be problematic in rangebound markets.

This video originally premiered on January 18, 2024. Click this link to watch on StockCharts TV.

Learn more about the GoNoGo ACP plug-in with the FREE starter plug-in or the full featured plug-in pack.

Apple ended Samsung Electronics’ 12-year run as the largest seller of smartphones in the world, after commanding a 20% market share in 2023, according to a report from International Data Corp.

Samsung ended the year with a 19.4% share, followed by China’s Xiaomi, Oppo and Transsion, preliminary data from IDC’s Worldwide Quarterly Mobile Phone Tracker showed.

The change in ranking comes after a tough year that saw consumers going slow on smartphone upgrades and choosing cheaper handsets due to high inflation and economic uncertainties.

A slower-than-expected recovery in China, the world’s largest smartphone market, also weighed on overall phone sales.

Apple and Transsion, which sells Tecno, Infinix and itel brands, were the only two of the top five smartphone vendors to record sales growth last year, even though the overall market declined 3.2% to 1.17 billion units and hit a decade low.

“While we saw some strong growth from low-end Android players like Transsion and Xiaomi in the second half of 2023, stemming from rapid growth in emerging markets, the biggest winner is clearly Apple,” said Nabila Popal, research director at IDC’s Worldwide Tracker team.

Phone shipments from Samsung were down 13.6%, while iPhone shipments were up 3.7% last year, according to IDC data.

Samsung focused on the mid- to high-end segment for profitability but lost share in the low-end segment, said Amber Liu of research firm Canalys.

Apple, however, is facing pressure in China from a resurgent Huawei as well as from budget Chinese brands. The iPhone maker is offering discounts of as much as 5% on some models in the country to attract customers.

Microsoft on Friday overtook Apple as the world’s most valuable public company, as Wall Street grew more concerned over the demand for its iPhones and other high-end gadgets.

This post appeared first on NBC NEWS

French soccer player Karim Benzema could be on his way back to playing soccer in a European league, according to some reports.

Benzema, who won the 2022 Ballon d’Or, has been a member of Saudi Pro League club Al-Ittihad since June after 14 years with Real Madrid. A Wednesday report from ESPN suggested he is considering a return to Europe.

The Frenchman has 15 goals in 24 appearances with his new club, but Al-Ittihad sits at seventh on the Saudi Pro League table more than halfway through the season.

According to ESPN, ‘the Premier League could be an option for Benzema,’ and he definitely will not be returning to Real Madrid.

Many fans of Premier League clubs, particularly Arsenal and Chelsea, were abuzz with excitement about the potential addition of an excellent goal scorer joining their favorite club.

Social media reacts to Karim Benzema transfer rumors

Here are some of the best reactions to the Benzema rumors from social media.

Former Newcastle and West Ham goalkeeper and current ESPN analyst Shaka Hislop also believes Chelsea landing Benzema would be a good move.

This post appeared first on USA TODAY

The Indiana Pacers are finalizing a deal for Toronto Raptors forward Pascal Siakam that would also include the New Orleans Pelicans, according to two people with knowledge of the situation.

In the trade, the Pacers would send Bruce Brown, Jordan Nwora and three first-round picks to the Raptors, who would get Kira Lewis from the Pelicans. New Orleans would also send a second-round pick to Indiana and will receive cash considerations.

Here’s how the trade, which was officially announced late Wednesday night, shakes out.

Indiana Pacers: B+

The Pacers took a risk, considering Siakam could a free agent after the season. He is eligible to sign a two-year extension with Indiana until June 30 but could wait until after the season and sign a five-year deal worth as much as $247 million with the Pacers, according to ESPN front-office insider Bobby Marks.

Regardless, the Pacers swung for a home run, and that’s worth applauding. Sometimes, a team in a small to mid-market needs to gamble to get where they want to go.

But the Pacers also gave three first-round picks and Bruce Brown. They need to make this work and make Siakam a significant contributor to their success. With his length and size, Siakam immediately helps Indiana’s defense, which is ranked No. 26 – the worst defense of any team with a winning record. The Pacers have allowed at least 130 points 11 times this season.

Offensively, Pacers coach Rick Carlisle will unleash his ingenuity with Tyrese Haliburton and Siakam on the court. The Pacers already have an explosive offense – No. 1 in the league at 121.6 points per 100 possessions – and they didn’t lose much offensively in the trade. Siakam and Haliburton should form a fantastic two-man game that will also help teammates get better shots.

Toronto Raptors: A-

For trading a guy they probably weren’t going to re-sign in free agency, the Raptors returned a pretty solid haul for Siakam. That’s not a surprise given the methods of the Raptors’ front office led by president Masai Ujiri and general manager Bobby Webster.

The Raptors are agile with personnel moves and received three first-round picks, plus Bruce Brown in the deal. Brown signed a two-year, $45 million deal with Indiana after winning a title with the Denver Nuggets last season.

Toronto also receives three first-round picks – two in 2024 and one in 2026. They might end up being picks out of the lottery but the Raptors have had success developing players. Lewis was the No. 13 pick in the 2020 draft and did not have a consistent role with the Pelicans. But, he’s just 22 years old with room for growth.

New Orleans Pelicans: B

Sending Lewis to Toronto should put the Pelicans under the luxury tax threshold. This was a money-saving move that doesn’t impact the rotation. Lewis played in just 15 games this season, averaging 9.6 minutes and 2.9 points.

This post appeared first on USA TODAY

Major-college athletics departments likely will end up spending a combined total of at least $200 million in connection with football coaching and staff changes made during and after the 2023 season, a USA TODAY Sports analysis has found.

The figure is based on commitments related to the firings and hirings of head coaches, assistant coaches and strength coaches, according to school documents obtained through open-records requests and e-mails with athletics department officials.

In addition to paying buyouts to coaches they fire, or to assistants they do not retain after a head-coaching change, schools routinely cover buyouts that newly hired coaches may owe to their previous employer as compensation for breaking those contracts. This has become increasingly pricey for schools that fill a head-coaching position by hiring another school’s head coach. And it has become increasingly common for schools seeking to fill assistant coaching positions.

This type of spending comes against the backdrop of increasing calls for college athletes to receive greater benefits from their schools. This includes NCAA President Charlie Baker’s recent proposal for a new competitive subdivision whose schools would be required to put at least $30,000 into “an enhanced educational trust fund” for at least half of their athletes.

The overall buyout total for college football coaches

The final overall total for 2023 cycle will not be known for several years. Some amounts owed to fired coaches are set to be made over time, and many of those amounts are subject to coaches having to make good-faith efforts to find new jobs that create offsetting income.

USA TODAY Sports’ estimated total takes into account offsets known so far and still found more than $191 million in active firing and hiring costs through records from public schools only. This comprises:

$127.1 million to head coaches.

$32 million to assistant coaches and strength coaches, a figure that will decline as those coaches find new jobs.

$32.4 million to cover amounts newly hired head and assistant coaches owe a previous employer. This takes into account the net outcome of Washington being due $12 million from Alabama for hiring Kalen DeBoer, then agreeing to cover $5.5 million that DeBoer’s replacement, Jedd Fisch, owes Arizona.

But all of this is without Alabama, Washington and Arizona having officially announced their full assistant coaching staffs. Those moves appear likely to add millions more as coaches get hired while others are not retained.

LOOKING AHEAD: Our way-too-early top 25 teams for the 2024 season

Big payouts to coaches with no offset

One coach for whom offset is not a factor is Jimbo Fisher. His record-obliterating $77 million-plus buyout will come entirely from Texas A&M, which fired him on Nov. 12.

Tom Allen contractually was owed $20.4 million, subject to offset, when Indiana fired him as head coach on Nov. 26. However, the parties settled for $15.5 million that is not subject to offset and does not require Allen to find other employment. Allen was hired by Penn State to replace defensive coordinator Manny Diaz., who is now head coach of Duke.

Recently fired Auburn offensive coordinator Philip Montgomery’s contract with the school is silent about any obligation for him to mitigate the $2.5 million he is owed.

Assistant coach offsets and wild cards

Montgomery’s buyout is the largest for an assistant who does not face a contractual offset obligation, but it is one of at least 10 assistant-coach buyouts that stood at more than $1.1 million at the time of termination. Five of those buyouts already are assured of being reduced, as Bobby Petrino and Elijah Robinson (both formerly with Texas A&M), Sean Spencer (formerly with Florida), Ted Roof (formerly with Oklahoma) and Jay Johnson (Michigan State) have found new jobs. Petrino is now with Arkansas, Robinson with Syracuse, Spencer with Texas A&M, Roof with Central Florida, Johnson with Wyoming

LSU’s former defensive coordinator, Matt House, is still owed $3.7 million, although he has a duty to mitigate that amount.

But there are a variety of wild cards.

Four schools that exercise their respective rights not to disclose contracts fired coordinators this season. The biggest name in that group is Southern California’s former defensive coordinator, Alex Grinch. He was making $1.8 million at Oklahoma when he joined head coach Lincoln Riley at USC. USC’s most recently available federal tax records cover pay for the 2021 calendar year. Grinch was hired late in that year, so he had no chance of being paid enough to require inclusion in that filing.

This year, joining Grinch in getting fired were Penn State offensive coordinator Mike Yurcich, Pittsburgh offensive coordinator Frank Cignetti Jr., and Baylor offensive coordinator Jeff Grimes. Grimes has been hired by Kansas.

Head coach offsets and wild cards

In June 2023, athletics director John Wildhack said during a news conference that Babers had “multiple years” left on his contract. According to the university’s most recently available federal tax records, Babers’ base compensation for the 2021 calendar year was just over $3.9 million. Most coaches at Power Five conference schools have at least 65% of their remaining pay guaranteed.

So, if Babers had only the 2023 and 2024 seasons left on his deal, he likely would be owed at least $2.5 million. And because he almost assuredly has remained among Syracuse’s five top-paid employees, the school also likely will owe the 21% federal excise tax that private non-profit organizations must pay on compensation above $1 million to such highly paid personnel.

The excise tax also could affect Mississippi State, which fired Zach Arnett as head coach. Most of Arnett’s total annual compensation comes from the Bulldog Club, Inc., a non-profit group that has its own contracts with the school’s most prominent and highly paid coaches that it refuses to disclose. However, in a situation that makes Mississippi State different from many state universities, its controller and treasurer’s office web site says the school gets its tax-exempt status in a way that also makes the school subject to the excise tax.

But Arnett’s state contract requires him to seek a new job and offsetting income. If the offset drops his payout below $1 million in a given year, the excise tax would not apply, said Meghan R. Biss a tax attorney in the Washington office of Caplin & Drysdale who previously worked as the technical adviser to the IRS’ director of exempt organizations.

The cost of making coaching hires

Many football coaches’ contracts with schools say that if the coach wants to break the contract to accept a job with another school, he must pay the school he is leaving. But coaches rarely end up writing the check. The school that hires them does.

This season, when Michigan State hired head coach Jonathan Smith away from Oregon State, it agreed to pay the $3 million that Smith owed Oregon State. And when Smith wanted to bring along six members of his staff and his strength coach, Michigan State also paid the $50,000 buyouts each of those coaches owed, Spartans spokesman Matt Larson confirmed. For good measure, Michigan State also will be paying $330,000 to Minnesota on behalf of new defensive coordinator Joe Rossi.

Those are bargain prices compared to the amounts being picked up by other schools that made changes at specific key assistant coaching positions.

For example, LSU is paying $950,000 to Missouri on behalf of new defensive coordinator Blake Baker, according to Missouri spokesman Ryan Koslen. This was two weeks after Missouri announced that Baker had signed a new contract extension. Under Baker’s prior terms, he would have owed Missouri $800,000.

If Ryan Grubb — who was Washington’s offensive coordinator this past season — follows DeBoer to Alabama, according to Grubb’s contract, he would owe Washington $1.5 million.

This post appeared first on USA TODAY

Portland Trail Blazers center Deandre Ayton was all set to make his return to the lineup after missing 13 games with tendinitis in his knee.

The frozen weather that has paralyzed the Portland area in recent days changed all that.

A sheet of ice leading out of Ayton’s neighborhood prevented him from getting to the arena for Wednesday night’s game against the Brooklyn Nets, even though the team sent out people to help him.

Blazers coach Chauncey Billups told reporters before the game − which Portland ended up winning 105-103 on Anfernee Simons’ buzzer-beater − that Ayton would have been healthy enough to play had he been able to make it.

The former No. 1 overall draft pick is in his first season with Portland after playing five years in Phoenix.

He’s averaging 13.1 points and 10.8 rebounds over 24 games with the Blazers.

This post appeared first on USA TODAY