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The recovery in semiconductor shares ($DJUSSC) last week, in my opinion, was quite weak. Much of the strength occurred by 10am ET, and the balance of the days really didn’t see much progress back to the upside. Accordingly, I’d call the rebound more market maker manipulation than anything else. I believe we’re going to see a difficult period for the semiconductors for awhile and, make no mistake about it, I’ve been VERY bullish semiconductors in 2024 thus far.

I do see a further rise ahead for U.S. equities, but if semiconductors, which account for 11% of the S&P 500 and 25% of the NASDAQ, don’t perform as well in the second half of the year, what areas might pick up the slack and lead our market higher?

Software

We just saw a solid quarterly earnings report from Adobe Systems (ADBE) and the stock exploded higher, gaining more than 20% since that report two weeks ago. Overall, however, software had been lagging on a relative basis. In fact, its relative performance over the past 6 months (1st half of 2024) hasn’t been exciting at all:

Over the past two weeks, though, the character of the software chart has changed. We’ve seen an absolute price breakout above a period of consolidation that’s lasted for months. Note, in the bottom panel, that software also broke its relative down channel. In other words, its 5-month period of underperforming appears to have ended.

You should also be aware that software stocks have the tendency to outperform during the first month of all calendar quarters. I’ll summarize that in a moment, but first here’s the visual seasonality chart:

And here’s the summary of how quarterly performance breaks down for the group:

Month 1 (January, April, July, October): +8.8%Month 2 (February, May, August, November): +3.5%Month 3 (March, June, September, December): +3.0%

It’s also worth noting that July (+2.6%) is the 2nd best calendar month of the year for software, trailing only October (+3.1%). The fact that software just broke out after a lengthy basing period only adds to the bullishness here.

To drive home this seasonality point even further, consider that since this secular bull market began in 2013, software has risen EVERY YEAR during July and its average July return has been 3.7%. It’s very easy to get behind the software space right now.

One final point about software’s leadership during the current secular bull market. While it hasn’t really been a great leader the past few years as relative strength vs. the S&P 500 has been going up, then down, the long-term relative picture is quite different. Check out how strong software has been, at times, leading the secular bull market advance:

From 2015 through part of 2020, software not only soared on an absolute price basis, but check out its relative strength. This is one of those industry groups that can scream higher on a relative basis as well, and I believe we could be starting one of those periods. The $DJUSSW:$SPX ratio is almost exactly where it was in mid-2020. We’ve seen no “net” leadership over the past 3 years. I do expect that to change and the recent price breakout may have just sparked the group.

During my Weekly Market Recap video, I discuss software at length and highlight several key software stocks worth considering for a big second half run. Simply click on the link for this week’s show, “Here’s Why Software Will EXPLODE In The 2nd Half of 2024” and feel free to leave me a comment. Also, please be sure to hit the “Like” button and “Subscribe” to our YouTube channel while you’re there.

I will also be highlighting a software stock in my FREE EB Digest newsletter on Monday. If you’re not already a free subscriber, CLICK HERE and sign up with your name and email address. You don’t need a credit card and you may unsubscribe at any time.

Thanks so much for your support!

Happy trading!

Tom

After consolidating in the week before this one, the markets resumed their upmove and have ended the present week on a strong note. The markets also navigated weekly derivatives expiry; it did show some signs of fatigue and impending consolidation on the last trading day after rising for four trading sessions in a row. The trading range got a bit wider; the Nifty oscillated in an 824-point range over the past five days. The volatility also surged a bit; India Vix inched higher by 4.72% to 13.80. After trending through the week, the headline index closed with a net weekly gain of 509.50 points (+2.17%). The month has been even stronger; June ended with Nifty gaining 1479.90 points (+6.57%) on a monthly note.

From a technical perspective, the markets are showing initial signs of an impending consolidation from higher levels. Despite the trending move through the week, Nifty has created strong resistance in the 24000—24200 zone as evidenced by the derivatives data. All through the week, the index has seen strong Call OI addition in the strikes falling in this range. On the monthly charts, a candle with a long lower shadow has emerged which holds the potential of temporarily stalling the current upmove. The Nifty now stands mildly overbought on weekly and monthly charts. Going by the technical structure, even if the markets mark incremental highs, they are now heavily prone to some measured corrective moves from the current or higher levels.

It is also important to note that the markets have again run too hard and ahead of themselves. The nearest MA, i.e., 20-week MA is currently placed at 22594 which is over 1400 points below the current close. The 50-week MA is placed at 21194 which is over 2800 points below the current close.  This means that even if there is the slightest mean reversion taking place, we may see the markets coming off significantly from the current levels. If it does that, even then, it will keep its primary uptrend intact. Monday is likely to see a muted start to the week; the levels of 24200 and 24350 are likely to act as immediate resistance levels. The supports are likely to come in lower at 23900 and 23750 levels.

The weekly RSI stands at 72.38; it now remains mildly overbought. The RSI has marked a new 14-period high; however, it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and it stays above its signal line.

The pattern analysis of the weekly chart shows that the prices have closed above the upper Bollinger band. This is generally regarded as bullish even if there is a temporary retracement inside the band. However, looking at the over-extended structure, there are higher chances of the price pulling themselves back inside the band again.

Overall, it is strongly recommended that even if we see the markets attempting to inch higher, one must focus on guarding profits at higher levels rather than giving a blind chase to the upmove. It would be important to rotate the stocks and sectors effectively so that one stays invested in relatively stronger stocks. The pockets like IT and FMCG are also seen improving their relative momentum and are expected to do well. By and large, while keeping the leveraged exposures at modest levels, it is recommended to approach the markets with a cautious approach over the coming week.

Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

Relative Rotation Graphs (RRG) show that the Nifty Consumption, Auto, Midcap 100, and Metal indices are placed inside the leading quadrant. These groups are expected to relatively outperform the broader markets. However, the Auto, Consumption, and Metal indices are also seen paring their relative momentum against the broader market. The Realty Index is also firmly placed inside the leading quadrant.

The Nifty Commodities, Energy, PSU Bank, Infrastructure, and PSE indices are placed inside the weakening quadrant. Individual stock performances may be seen from these groups but collectively, they may be slowing down on their relative performance.

The Services Sector Index is inside the lagging quadrant. Besides this, the IT and Pharma Indices are also inside the lagging quadrant but they are seen improving their relative momentum against the broader Nifty 500 index.

Banknifty, Nifty Media, Financial Services, and FMCG indices are placed inside the improving quadrant.

Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.”

Levi Strauss shoppers are taking that advice to heart. Levi Strauss executives are ecstatic.

Western wear is booming as consumers opt for top-to-bottom denim looks, the iconic, 171-year-old clothing maker said on Wednesday. As the style wins cultural favor, its popularity is juicing denim niches — like shirts, skirts and dresses — that fall outside Levi’s widely-known blue jean offerings.

“The growing popularity of Western wear is at an all-time high,” CEO Michelle Gass told analysts Wednesday night after the California-based retailer’s latest earnings report for the quarter ended in May.

A Western renaissance has been gaining traction over the past several months, sending stylish shoppers searching for pieces like jeans, boots and cowboy hats. Levi’s scored a huge hit when its jean brand was referenced in Beyoncé’s song “Levii’s Jeans,” released earlier this year.

Beyond Beyoncé’s chart-topping “Cowboy Carter” album, the increased ubiquity of Western style has also been tied to a fashion line unveiled by Louis Vuitton earlier this year and Taylor Swift’s ongoing Eras Tour.

Gass, who took over as Levi Strauss CEO earlier this year after previously serving as the CEO at Kohl’s, has touted that denim is having a moment in the popular imagination, with Western wear trending more broadly throughout the culture.

More specific data shared on the company’s earnings call Wednesday showed how Levi Strauss is taking advantage of demand for denim beyond its popular “501” jeans. Sales of denim skirts, jumpsuits and dresses all at least doubled in the latest quarter, Gass said. Western shirts sales are also up significantly, she said, especially on the women’s side.

Levi is finding success in what the 55-year-old chief executive described as a new strategy of trying to dress customers denim — from head-to-toe.

“Our new focus is, yes, continuing to own jeans, but taking that denim top to bottom,” Gass said on CNBC’s “Mad Money” late Wednesday. While noting that the denim skirt and dress categories haven’t been historically large for the company, now “they’re exploding,” she said.

To be sure, the well-documented denim craze alone isn’t necessarily impressing Wall Street. Levi Strauss tumbled more than 15% on Thursday in response to its latest numbers, its second worst day since going public in early 2019.

Levi Strauss posted $1.44 billion in revenue in the fiscal second quarter, slightly missing the $1.45 billion consensus forecast of analysts polled by LSEG despite the denim boom. The company’s finance chief told CNBC that the sales miss was driven by unfavorable foreign exchange rates and weakness in the Dockers brand.

On the other hand, Levi Strauss earned 16 cents per share, excluding items, ahead of the 11-cent average estimate by analysts.

In the year through Wednesday, shares had run up amid the buzz around the cotton-based fabric and the resurgence of Western clothing. Following Thursday’s drop, the stock is still up more than 18% on the year. For comparison, shares of Kontoor Brands, the parent of denim brands Wrangler and Lee, have risen 5% year to date.

Wells Fargo analyst Ike Boruchow said that for “one of the most crowded longs in the space today,” Levi’s second-quarter release “was simply not good enough.” In other words, the company missed what was an admittedly high bar, he said.

Citigroup analyst Paul Lejuez, meanwhile, thought Levi’s most recent quarter was good, but cited the wholesale business’s performance and the potential for European sales to continue struggling in the second half of the year as grounds for concern.

Lejuez pointed to several tailwinds as grounds for optimism on the stock. Two of his reasons driving excitement — new styles and fits — are common for a clothing maker.

Lejuez’s final one was more unique: Beyoncé.

— CNBC’s Gabrielle Fonrouge and Julie Coleman contributed to this report.

This post appeared first on NBC NEWS

CNN said Friday that 47.9 million people watched the presidential debate between Joe Biden and Donald Trump across broadcast and cable TV as well as streaming.

While still a sizable TV audience, it represents an approximately 34% drop in viewership from the first Biden-Trump debate in 2020, which drew 73 million viewers.

Still, the debate was the highest-rated program in the network’s history, CNN said, as well as its most livestreamed. It’s also the most-watched nonsports program of the year so far, the network said.

In addition to CNN, the debate was simulcast across all major news networks including NBC, ABC, CBS and Fox; PBS and C-SPAN; and many of the broadcast groups’ sister networks like MSNBC and Fox Business. It was also available for streaming on a host of digital platforms.

The debate has sparked a wave of discussion about whether Biden could step aside as the Democratic candidate for president, though replacing him would be challenging.

This is a developing story. Please check back for updates.

This post appeared first on NBC NEWS

SEATTLE — The WNBA’s Olympic break starts in 24 days. It cannot come soon enough for the Indiana Fever and Caitlin Clark. 

If you’ve wondered why the Fever have had so many top picks the past few years — Clark at No. 1 in 2024, Aliyah Boston at No. 1 in 2023, NaLyssa Smith at No. 2 in 2022 — it was obvious Thursday. Indiana looked like a team at the bottom of the standings, with a roster full of frustrated players. Seattle’s 89-77 win wasn’t nearly as close as the score implied.

For stretches Thursday, Seattle looked like a group that’s played together for years — Indiana’s defense makes that possible. Seattle shot 47.5% from the field and a staggering 57.1% from 3 in the first half. The Fever let Loyd score 23 points in 15 minutes. Nneka Ogwumike nearly had a double-double — nine points, 10 rebounds — also in 15 minutes. (She got her double-double within the first 36 seconds of the second half.) Two other Storm players scored in double figures. 

And that was just the first 20 minutes.

“It never really felt great out there,” Clark admitted. “It just didn’t feel like it was flowing well.” 

Loyd finished with 34 points on 6-of-9 shooting from deep. Four other Storm players scored seven points or more. 

The Fever are in desperate need of practice.

“We’ve got a lot of growing up to do,” said Indiana coach Christie Sides. “That’s just what it is. The outside expectations, the outside noise, it doesn’t help, but we have to stay connected, keep growing and keep finding ways to improve.” 

There were positives Thursday for Indiana. Temi Fagbenle, who missed the past 11 games after injuring her foot May 28, returned and even in limited time (19 minutes), looked like the player who had built a quick and promising chemistry with Clark the first few weeks of the season. (Fagbenle finished with eight points and seven rebounds.)

Boston was a monster on the glass, grabbing 14 rebounds. 

And Clark (15 points, seven assists and six rebounds) was her usual self, hitting a logo 3, throwing a nifty behind-the-back pass — Smith couldn’t score it — and generally delighting another sold-out crowd with her play. 

But she also got shoved around a lot, and spent a good chunk of the first quarter on the floor. She was visibly frustrated at a lack of calls and a lack of team cohesion. 

“Nobody enjoys losing,” Clark said glumly afterward. “We’ve lost 12 games and we’re not even at the halfway point of our season. We’re not gonna be walking around the court smiling. Being able to find that competitive edge while staying positive is a hard thing to do. We can definitely be better at it.” 

The Fever gave up too many open looks and couldn’t get any of their own. They turned the ball over 22 times, which Seattle turned into 27 points. The Storm scored 17 fast-break points while Indiana managed only four. 

Clark said pregame that she felt the Fever had improved considerably since their last trip to the Emerald City, an 85-83 loss May 22 that came down to the final shot (Indiana muffed the inbounds pass to Clark and couldn’t get a look). But everyone else has improved, too. 

The Fever are still very far behind, with a young core that hasn’t figured out how to win against the league’s best.

The WNBA will take a full four weeks off while Team USA is in Paris trying to win its eighth consecutive gold medal. Most teams will give players a week to 10 days off for vacation, then get in the gym and start practicing. 

The Fever are counting down the days. 

Email Lindsay Schnell at lschnell@usatoday.com and follow her on social media @Lindsay_Schnell

This post appeared first on USA TODAY

Legendary college basketball announcer Dick Vitale revealed that his cancer has returned.

‘My report on the Biopsy of the Lymph Node in my neck has arrived & it is cancerous,’ Vitale, 85, announced on X (formerly Twitter) on Friday. ‘With all the (prayers) I have received & the loving support of my family, friends & @espn  colleagues I will win this battle.’

It marks Vitale’s fourth bout with cancer in three years. Vitale announced that he received treatment for melanoma in August 2021 and was additionally diagnosed with lymphoma months later in October 2021. He declared he was ‘cancer free’ in August 2022, but doctors later diagnosed him with vocal cord cancer in July 2023. Vitale again announced that he was cancer free in December 2023 following six weeks of radiation therapy.

Earlier this week, Vitale shared that he found a ‘Lymph Node in my neck.’ He documented a number of doctor visits and tests he underwent to determine if the lymph node was non-malignant or cancerous.

‘I am dealing with a delicate situation. Last 2 days I have had a PET SCAN – ULTRASOUND due to a Lymph Node found in my neck area. My oncologist has me getting a Biopsy tomorrow,’ he wrote on Tuesday. On Wednesday, he added: ‘(Praying) for good news on the biopsy I had today of a lymph node in my neck. Last 3 days of testing has been rough but I will battle no matter what the results will be . Yes cancer patients know the nervousness of waiting for the report.’

On Friday, Vitale revealed the biopsy results showed his cancer has returned. Vitale said he will undergo a procedure next week. ‘Surgery on Tues. will be a success. Thanks for All the prayers,’ he wrote.

This post appeared first on USA TODAY

MINNEAPOLIS – Simone Biles is, unsurprisingly, atop the leaderboard after the first night of competition at the 2024 U.S. Olympic gymnastics trials.

Biles, the reigning world champion and resident GOAT, was a lock for the Paris team even before Friday night, but her leading score of 58.900 took her one step closer to it becoming official. Only the top all-around finisher at trials is guaranteed a spot on the Olympic team.

Jordan Chiles (56.400) and Suni Lee (56.025) are sitting in second and third entering Sunday night’s trials finale, when the five-member team will be finalized. 

Beyond the leaderboard, the story of Friday night was the injuries. Shilese Jones, the reigning world bronze medalist, was already managing a long-term shoulder injury before she injured her left knee while landing a vault in warmups. The injury prompted her to compete only in uneven bars, where she was stellar, and raises questions about her fitness and health for Paris.

Kayla DiCello also sustained an injury on vault less than an hour later, and her injury could prove to be more serious. She left the floor in a wheelchair and immediately scratched from the remainder of the night.

Here’s how the action unfolded on the first night:

Jordan Chiles finds inspiration in Beyonce, Megan Thee Stallion, GloRilla

MINNEAPOLIS − If Jordan Chiles makes her second Olympic team, Beyonce, Megan Thee Stallion and GloRilla deserve some of the credit. 

Chiles said she was having a rough practice Friday morning and it put her in a funk. She was overthinking and stressing out. As she got ready for the meet, however, she was listening to music and it changed her attitude. 

‘Megan, Beyonce, GloRilla, every girl artist you can think of was popping up. I was like, `You know what? If these girls can slay like this, I can go out there and slay like them,” Chiles said. ‘So what I came in to do today was just to have fun and vibe with everybody.’

The inspiration worked. Chiles posted the second-highest score after Simone Biles, a 56.4. She also had the third-highest score on floor exercise and fourth-best on both vault and uneven bars. 

The five-woman Olympic team will be named Sunday, after the second night of competition. 

‘This meet is stressful enough,’ Chiles said. ‘So I might as well put some good energy out there.’ −Nancy Armour

Simone Biles earns standing ovation for Yurchenko double pike

MINNEAPOLIS − The audience at the Olympic gymnastics trials knows greatness when they see it. 

Simone Biles got a standing ovation from fans for her Yurchenko double pike. It doesn’t matter how many times she does it, it’s always jaw-dropping to see it in person. 

Biles gets great height on the vault, and the power that’s needed to do it practically ripples off her as she flips. She had to take a step to control the landing, but that’s just nitpicking. The judges clearly agreed, giving her a 15.975 that included a 9.75 for execution. 

Biles was happy with the effort, grinning as she trotted off the podium to exchange high fives with coach Laurent Landi. −Nancy Armour

Who’s healthy enough to join Simone Biles on US team?

MINNEAPOLIS — Call it carnage, chaos or just plain bad damn luck, the four women who join Simone Biles at the Paris Olympics might wind up being whoever’s healthy enough to make the trip.

In a 30-minute span Friday night, Shilese Jones suffered a knee injury that limited her to one event and Kayla DiCello was knocked out with an ankle injury. Meanwhile Skye Blakely, a member of the U.S. teams that won gold at the last two world championships, was hobbling around the floor on crutches because of the ruptured Achilles that occurred during training two days earlier.

Here’s more on how the injuries could impact the team for Paris from columnist Nancy Armour.

Simone Biles dazzles with floor routine

MINNEAPOLIS − Simone Biles’ floor routine remains masterful. 

In the highest-scoring routine of the night so far, Biles put together another brilliant performance on floor, starting with an especially massive Biles II − one of several skills named after her − on her first pass. A slight step out of bounds on a subsequent pass was one of the few small blemishes in a routine that generated a score of 14.850 and boosted her into first place in the all-around standings. 

Vault − and, most likely, Biles’ famed Yurchenko double pike − is all that’s standing between Biles and a first-place finish on the first night of trials.

Meanwhile, on balance beam, Suni Lee showed why she is still one of the best in the world, turning in a 14.400 despite a significant wobble on her flight series. She spent one or perhaps two seconds on one foot before regaining her balance, drawing awe from NBC’s broadcasting crew and a loud cheer from the crowd at Target Center. −Tom Schad

Simone Biles uncharacteristically shaky on balance beam

MINNEAPOLIS − Remember this moment, as it will likely be fleeting: Simone Biles is in second place through two rotations. 

Biles had an uncharacteristically shaky showing on balance beam, nearly falling on her mount and taking a small hop on her dismount. Her score of 13.650 is solid by most gymnasts’ standards, but not her own. She turned in scores of 14.800 on both of her balance beam routines at nationals about a month ago.

Biles’ disgust could hardly have been more obvious after her beam performance, when the jumbotron cameras captured her clearly mouthing an expletive as she left the podium. (The expletive was not audible on NBC’s broadcast.)

Leanne Wong is, for now, atop the all-around leaderboard − and, with the injuries to Shilese Jones and Kayla DiCello, she is strengthening her case for Paris. Jordan Chiles and Sunisa Lee were sitting third and fourth, respectively, at the midway point of Friday’s competition. −Tom Schad

Shilese Jones has a world-class uneven bars routine, her only event

MINNEAPOLIS − Shilese Jones made her only event of the night a good one. 

Jones, who injured her left knee in pre-meet warmups and scratched her first event, vault, delivered a world-class performance on uneven bars. Her score of 14.675 is the highest of the meet so far, and also means she can officially be considered by the selection committee. There are no injury petitions onto the team for the Paris Olympics, so gymnasts have to compete at trials. 

Jones took a hop forward on her dismount, and then a hop to the side. After saluting the judges she was limping visibly, walking slowly to the end of the podium before sitting down. She scratched her remaining two events, balance beam and floor exercise, shortly after.  −Nancy Armour

Simone Biles opens with terrific uneven bars routine

MINNEAPOLIS − Leave it to Simone Biles to bring a little sanity to a chaotic night at the Olympic trials. 

After Shilese Jones hurt her leg in warmups, Kayla DiCello had to withdraw with a right ankle injury and Suni Lee avoided a scare when her hand slipped on the vault table, Biles delivered a terrific uneven bars routine. Her 14.25 put her atop the standings until Leanne Wong appealed her score on vault. 

Wong had two points deducted for not pushing off the vault table with both hands. But her appeal was successful, boosting her score to 14.45. 

Jordan Chiles, a Tokyo Olympian and Biles’ WCC teammate, is third with a 14.35 on bars. 

Those are the highlights. The rest of the night has been a hot mess. DiCello, the first competitor of the night, did a tucked Yurchenko vualt and immediately rolled to her back, tears filling her eyes as she shook her head no. She was crying as she was wheeled off the floor. Lee, who is DiCello’s best friend, had to go next on vault and her hand slipped on the table. She was at least able to land her vault on her feet, but she was clearly upset afterward. 

And Jones, considered almost as much of a lock as Biles for the Paris team, scratched vault after injuring her leg in pre-meet warmups. Jones’ first event was vault, and she did a test run on the podium before heading backstage with coach Sarah Korngold. She can still compete in the other three events. −Nancy Armour

Shilese Jones scratches from vault; Kayla DiCello injury ends her night

MINNEAPOLIS − Shilese Jones walked off the floor during her warmup period on vault and has scratched from the event, per USA Gymnastics’ online scoring system. 

Jones was speaking with her coach and members of the medical staff after sustaining a potential injury during warmups. She is due up next on uneven bars. 

Meanwhile, USA Gymnastics announced that Kayla DiCello is out for the night after sustaining an injury of her own on the first vault of the night. −Tom Schad

Suni Lee salvages vault after scary takeoff

MINNEAPOLIS – A scary moment for Suni Lee, whose hand slipped on the vault table. The reigning Olympic champion still managed to land her Yurchenko double on her feet, taking a step to the side.

Kayla DiCello injures ankle on vault as gymnastics trials begin

MINNEAPOLIS – More worrisome news for the U.S. On the very first vault of the competition, Kayla DiCello sat down on her landing and appeared to sustain a right ankle injury. She was helped off the mat by members of the medical staff.

DiCello finished third in the all-around competition at nationals and is one of several gymnasts in the mix for a spot on the Paris Olympic team. The 20-year-old was an alternate on the Tokyo Olympic team.

When does Simone Biles compete at U.S. gymnastics Olympic trials? 

Simone Biles is likely to compete her first rotation (uneven bars) shortly after 7:45 p.m. ET on Friday, then move in the order of events that is in place for Olympic competition − to balance beam, then floor exercise, then vault. On Sunday night, Biles will start on vault, with her first attempt around 8:20 p.m. ET. She will then go to uneven bars and balance beam before concluding on floor. 

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U.S. gymnastics Olympic trials how to watch 

Tonight’s coverage and this weekend − including the decisive Saturday and Sunday sessions − will be on NBC. The network will also show every minute of all four nights on its streaming service, Peacock, where it will offer both a general stream and apparatus-specific streams for viewers who are hoping to monitor a specific athlete. 

U.S. gymnastics Olympic trials TV schedule 

Friday, 7:30 p.m. to 10 p.m. ET: Women’s competition, Day 1 (7:30-8 on Peacock, 8-10 on Peacock and NBC) 
Saturday, 3:15 p.m. to 6 p.m. ET: Men’s competition, Day 2 (NBC, Peacock) 
Sunday, 8:10 p.m. to 11 p.m. ET: Women’s competition, Day 2 (NBC, Peacock) 

Shilese Jones will compete despite injury scare

MINNEAPOLIS – Shilese Jones is good to go. 

Jones, who is considered almost as much of a lock for the Paris team as Simone Biles, had to be helped off the floor after appearing to injure her knee during warmups. But USA Gymnastics announced ‘Shilese Jones will compete.’ When Jones’ name was called, she ran out onto the podium, not looking as if anything is amiss. 

Jones is already nursing a shoulder injury that kept her out of the national championships four weeks ago.

Shilese Jones has injury scare before competition begins

MINNEAPOLIS – Shilese Jones appeared to injure her left leg during warmups before the first night of Olympic trials. 

Jones was practicing on vault when she landed awkwardly and rolled backward on the mat, grabbing her leg. Simone Biles, who was just across the way on uneven bars, immediately ran to check on Jones, who nodded at something Biles said to her. 

Jones was able to walk off the floor with help from her coach and a medical staffer, but she was walking very gingerly. 

Jones, an all-around medalist at the last two world championships, is considered almost as much of a lock for the Paris team as Biles. But she was already nursing a shoulder injury, which forced her to withdraw from the national championships.

Skye Blakely attends trials after Achilles injury

MINNEAPOLIS − Skye Blakely was on the floor during warmups, on crutches and her right leg heavily bandaged.

Blakely ruptured her Achilles tendon during training on floor exercise on Wednesday. She landed a tumbling pass and immediately fell to the mat. She was sobbing as she was carried off the podium, and she had to be taken out of the arena in a wheelchair.

‘This is not the way I saw my Olympic trials going or how my season ends,’ Blakely said in an Instagram post Thursday. ‘I’m devastated and heartbroken but I believe everything happens for a reason. I was so close to reaching my dream but this injury was unavoidable.’

Blakely had been considered a strong contender for the Olympic team. She was part of the U.S. teams that won gold at the last two world championships, and her stock rose even higher after she debuted a monster new vault at the national championships earlier this month. 

It’s not clear if she’ll continue competing at the elite level. She has already committed to Florida. −Nancy Armour

U.S. gymnastics Olympic trials announcers 

Mike Tirico will host NBC’s coverage, and Terry Gannon (play-by-play) will be joined by analysts Tim Daggett, Samantha Peszek and John Roethlisberger on the call. 

Simone Biles is a lock for Paris Olympics. But who’s going to join her? 

The top contenders are: Shilese Jones, an all-around medalist at the last two world championships; reigning Olympic champion Suni Lee; Tokyo floor exercise gold medalist Jade Carey; and Tokyo Olympian Jordan Chiles. Also keep an eye on Kayla DiCello and Leanne Wong, two of the Tokyo alternates, and Josc Roberson, a member of last year’s worlds team. And if you’re looking for dark horses, Hezly Rivera and Tiana Sumanasekera could make things interesting. 

Skye Blakely, a member of the last two world teams whose stock was rising after debuting a monster vault at the national championships, is out after an Achilles injury during podium training Wednesday. Read Nancy Armour’s full analysis on how Team USA might shake out. 

How many spots are on U.S. gymnastics Olympic team? 

There are five spots up for grabs on both the U.S. men’s and women’s gymnastics teams at the Olympic trials. 

When will U.S. women’s gymnastics Olympic team be named? 

The women’s team will be named Sunday night. 

Sunisa Lee’s health journey changed her gymnastics mindset. Here’s how 

Suni Lee is in good shape to make the five-person U.S. team for the Paris Olympics. She was fourth at the national championships in early June and has upgraded her routines on uneven bars and floor since then. But a health crisis 15 months ago –– she developed a kidney disease that caused her to retain so much fluid she couldn’t even put on her grips –– has upended her life. There were days she couldn’t even get out of bed. 

Lee said a phone call she got Jan. 4, the details she wants to keep private, was a turning point for her. 

“I was like, ‘Oh my gosh, I’m going back into the gym tomorrow and I’m going to be better than I ever was.’ That was the day I was like, ‘Yep, this is what I want. And I’m gonna put my mind into it,’” she said. 

Read Nancy Armour’s full story on Suni Lee’s health journey. 

Shilese Jones shoulder injury update  

Shilese Jones is no longer feeling pain in her injured shoulder and ‘feels pretty good’ ahead of this week’s U.S. Olympic gymnastics trials, her coach Sarah Korngold said Wednesday. 

Jones, who has established herself the United States’ top female gymnast outside of Simone Biles, withdrew from the U.S. championships about a month ago but successfully petitioned USA Gymnastics for her spot at trials, which begin Friday. She has been dealing with a small tear in her right labrum for approximately two years, Korngold said, and growing pain ahead of nationals led her to withdraw and take a week off as a precaution. 

‘We’ve slowly been building back up into routines. So she’s been doing her full routines,’ Korngold said Wednesday. 

Why Simone Biles is ‘close to unstoppable’ as she just keeps getting better with age 

Here Simone Biles is at 27 at the U.S. gymnastics Olympic trials, better now than anyone, ever, has ever been in her sport. “I use the phrase, ‘Aging like fine wine,’” she joked in early June, after she’d extended her own record with her ninth U.S. championship. Perhaps the biggest difference at this stage of her career is that Biles’ mind and body are in sync. Read Nancy Armour’s full story on Simone Biles. 

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EUGENE, Ore. — Sha’Carri Richardson and Gabby Thomas, two of America’s best medal hopes at the 2024 Paris Games, both advanced to the finals of the women’s 200-meter dash Friday evening at Hayward Field, each finishing first in their semifinal heats at the U.S. Olympic track and field trials. 

Richardson clocked a 21.92, tying her personal best, while Thomas ran a 21.78, the fastest time in the world this season. Their wins set up a showdown Saturday in the final, scheduled for 8:27 p.m. ET (5:27 p.m. local). 

‘I’m super excited that I actually was able to equal my (personal record),’ Richardson said on the NBC broadcast after her race. ‘I’m just looking forward to (Saturday) and just busting it wide open.’

McKenzie Long, a star at Ole Miss who had the fastest 200 time in the world this year (21.83) before Thomas topped it one semifinal heat later, won her heat and also advanced.

‘I was a little surprised, I know I’m in shape and I’m ready to run, but it felt like such a a nice, controlled run for me,’ Thomas said afterward. ‘I didn’t expect to run that fast feeling that good, so it kinda excites me for (Saturday).’

Richardson is looking to qualify in her second event after winning the 100 in 10.71 seconds last week. The U.S. Olympic track and field trials title continues a remarkable climb back to prominence for Richardson, who delighted track fans in 2021 at the trials before a stunning fall from grace when she was banned after testing positive for THC. She missed the Tokyo Games and has been blunt about her struggles before and after that cataclysmic event, saying everything she’s been through allowed her to come back. She is running with obvious joy this season. 

Asked what it would mean to head to Paris in two events, Richardson said, ‘It would show that divine timing is everything. And what is meant to happen is going to happen and nothing will stop it. And I will feel like it’s my responsibility … to go to Paris and bring back those medals.’

Thomas, meanwhile, is the defending bronze medalist in the 200. She also won a silver as part of the 4×100 relay in Tokyo.

Thomas is also a fan favorite in the track world partially because of her unconventional college choice. She ran at Harvard from 2015-18, turning pro before her senior season of college. She tends to run well in this stadium, having recorded personal bests in both the 100 and 200 in previous meets held in Eugene. 

‘I’m not gonna lie, I would love to see a (personal best), I think I’m capable. Sitting out the first half of trials took a lot of discipline and patience so that I can run a really good 200,’ said Thomas, who considered doubling and also running the 400. ‘I wouldn’t be surprised to see a big PB (Saturday) but I don’t know. You never know what to expect in these kind of races so I just want to come out with a win.’

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Grant Holloway made a statement in the men’s 110-meter hurdles at the U.S. Olympic track and field trials.

Holloway got out of the blocks quick, was in the lead at the first hurdle and led the entire way over each hurdle and crossed the finish line in a world-leading time of 12.86 seconds. It’s the second-fastest time he’s ever run in what was a very fast final.

Freddie Crittenden placed second, running a personal-best time of 12.93. Daniel Roberts took third and clinched the final Olympic roster spot in the 110 hurdles with a personal-best time of 12.96.

It was the first time in history that a single 110-meter hurdles race had three sub-13 second finishers, per NBC Sports.

The world record is 12.80 seconds, which was set by Aries Merritt in 2012.

‘One of the biggest things for me is I’ve been having great practices. As long as it translates from practices to the track, I’m good,’ Holloway said during these trials. ‘I want to put pressure on the field and let everybody know that I’m still on top.’

Holloway is a three-time world champion in the 110-meter hurdles. His personal-best time of 12.81 is the second-fastest time in the history of the event.

The 26-year-old is after his first Olympic gold medal. He placed second at the Tokyo Olympics.

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Tyrese Haliburton won the first matchup against Jalen Brunson in the Eastern Conference semifinals when the Indiana Pacers defeated the New York Knicks in seven games.

They continued their beef Friday night during ‘WWE SmackDown’ at Madison Square Garden.

‘We may need to get some security out here,’ a FOX broadcaster quipped as the two NBA All-Stars looked each other up and down.

Escobar was the first wrestler eliminated after Paul threw him over the ropes.

Haliburton went to assist Paul during the match, retrieving a pair of brass knuckles from the crowd. Haliburton put on the brass knuckles and banged on the metal steps leading into the ring.

Enter, Brunson.

He hopped out of the crowd to confront Haliburton on the side of the ring to prevent Haliburton from giving the brass knuckles to Paul. Referees had to separate the two. LA Knight eventually defeated Paul by submission.

After the match concluded, Paul and Haliburton engaged in a stare down with LA Knight. Brunson jumped to the rescue again and entered the ring this time with a steel chair. They all chirped at each other before Paul and Haliburton eventually backed down and jumped out of the ring.

Fans at Madison Square Garden started chanting ‘MVP’ for Brunson.

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