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Select buying ends 3-day market drop

The stock market recovered yesterday after three days of decline on select buying, analysts said......»»

Category: financeSource: philstar philstarMay 24th, 2018

The 10 most intriguing free agents of summer 2018

By John Schuhmann, NBA.com The summer of 2018 promises to change the landscape of the NBA. It starts with the best player in the world having the ability to choose his next team, but it continues with good teams in Minnesota, Portland and Washington that might feel the need to shake things up, as well as a situation to monitor in San Antonio. The trade market can be unpredictable. It wasn't until late July last year that we learned that Kyrie Irving wanted out of Cleveland, and it wasn't until late August when he was dealt to the Boston Celtics, who finished the summer with only four players remaining from the team that reached the conference finals. The free agent market is a little more predictable, in that there are only so many teams with the available cap space to sign a premium free agent outright. Most of the big contracts signed in 2016 (when almost every team had cap space) are still on the books and a lot of teams just don't have much flexibility. LOOK: NBA.com Free Agent Tracker But the trade market and the free agent market are tied together. In 2014, the Cavs created the space to sign LeBron James by trading Jarrett Jack and Tyler Zeller. And after signing James, they traded for Kevin Love. With that in mind, the players listed below aren't the 10 best free agents (or potential free agents). They're the 10 most interesting in regard to where they're going and what kind of contract they get. For players to be on this list, there needs to be some intrigue regarding their (and/or their team's) decision this summer. Kevin Durant is the second best player in the NBA and has a player option on his contract, but there appears to be little chance that he's leaving the Golden State Warriors. Re-signing with Houston is probably Chris Paul's best path to another year of contention. It's hard to see Clint Capela or Jusuf Nurkic (both restricted as well) going anywhere. The same goes (to a lesser degree) for Aaron Gordon and Fred VanVleet. There's intrigue in the terms under which Nikola Jokic is in Denver next season - either with the Nuggets exercising a $1.6 million team option or declining it, making him a restricted free agent, and signing him to a new deal - but we can be sure that he will be in Denver next season. The market for centers seems particularly small, taking away some of the intrigue with DeAndre Jordan and Brook Lopez. 1. LeBron James, F, Cleveland (Player option) At 33-years-old and in his 15th season, James remains the best player in the world. Would he leave Cleveland a second time? This is clearly the worst team he's been on since the first time he left the Cavs, and there are teams out there who can give him a better secondary playmaker to take some of the offensive load off his shoulders. Whatever team he's on next season is a contender and if if it's a different team than the one he's on now, it would be fascinating to see what happens with Love. Number to know: James' true shooting percentage of 62.1 percent this season was the third highest mark of his career. 2. Paul George, F, Oklahoma City (Player option) In trading Victor Oladipo and Domantas Sabonis to Indiana last summer, the Thunder knew that they might have George for just one season. There's been speculation about his next destination since he arrived in Oklahoma City, and the Thunder season (which ended in the first round of the playoffs) has to be seen as a disappointment. George's free agency is tied to what happens in San Antonio with Kawhi Leonard, who is eligible for a max contract extension this summer. If that extension doesn't happen (either because the Spurs don't offer it or because Leonard doesn't accept it), Leonard will become a trade target for teams that are also in the market for George. And there are a couple of teams that have the ability to bring two of the George/James/Leonard trio together. Number to know: George ranked second in the league in steals (2.0 per game) and tied for the league in deflections (3.9 per game). 3. DeMarcus Cousins, C, New Orleans Just when the Pelicans were hitting their stride with Cousins and Anthony Davis together, Cousins tore his Achilles. And then the Pelicans hit their stride without Cousins, winning 20 of their last 28 games in the regular season and sweeping the Blazers in the first round of the playoffs. If the Pelicans were to lose Cousins, they don't have the cap space to replace him. But there's obviously risk in giving him a big contract coming off an Achilles tear, and the the Pels' two bigs aren't a perfect fit together. As part of their February trade with Chicago, the Pelicans exercised the team option on Nikola Mirotic's contract for next season. So Mirotic is there as Davis' power forward complement for at least another year. Number to know: Cousins accounted for 47 percent of the fouls that the Pelicans drew while he was on the floor. That was the highest rate among 275 players who played at least 1,000 minutes this season. 4. Julius Randle, F, L.A. Lakers (Restricted) Randle is still just 23-years-old and developed into a pretty efficient scorer in the final year of his rookie deal. Among 126 players with at least 500 field goal attempts in each of the last two seasons, he saw the fifth biggest increase in true shooting percentage (from 54 percent to 61 percent). But the Lakers' have their eyes on bigger names and might have to renounce their rights to the restricted free agent to clear as much cap space as possible. Number to know: Randle ranked fifth with 802 total points scored in the restricted area this season. 5. Marcus Smart, G, Boston (Restricted) Marcus Smart is intriguing more for what his departure would mean for the team he's leaving than for any other team he might join. And it's quite possible that he doesn't have the same value outside of Boston. Putting value on a bad shooter who makes "winning plays" is difficult in the first place. What happens with Smart affects how the Celtics deal with Terry Rozier, who will be a restricted free agent next year and would draw more interest from other teams as a starting point guard (if the Celtics don't give him an extension this summer). It's hard to imagine the Celtics keeping both behind Kyrie Irving long term, but the decision could be delayed a year if Smart were to accept the one-year qualifying offer. Number to know: Smart is one of six players who averaged at least 20 minutes in 40 or more games and with their teams allowing less than a point per possession with them on the floor. 6. J.J. Redick, G, Philadelphia The Sixers are another team that will be big-name shopping in July, which affects the status of Redick, who was signed to a one-year $23 million deal last summer. The Sixers don't have his bird rights, but wouldn't have to pay nearly that much (per year) on a long-term deal. Redick is a terrific complementary player on offense (an aggressive shooter who draws the defense's attention with relentless movement), but can be targeted on the other end of the floor, as was the case in the Eastern Conference semifinals against Boston. Number to know: Redick shot 45.9 percent on catch-and-shoot three-pointers, the fourth best mark among 101 players who attempted at least 200. 7. Derrick Favors, F, Utah There were times this season when the frontline duo of Favors and Rudy Gobert wasn't working out, and Utah had some success with smaller, more versatile players at the four. But overall, the Jazz outscored their opponents by 7.2 points per 100 possessions with the two bigs on the floor together, and having both gives them a rim-protecting center on the floor at all times. Utah could create cap space and go free agent shopping, but that would require them to renounce their rights to Favors and Dante Exum. Number to know: Among 160 players with at least 400 field goal attempts in each of the last two seasons, Favors saw the third biggest increase in effective shooting percentage (from 49 percent to 57 percent). 8. Isaiah Thomas, G, L.A. Lakers Thomas' stock fell precipitously from being a top-five MVP vote-getter last season to being a liability in Cleveland upon returning from his hip injury, and then requiring surgery in March. Still, the Lakers' offense was pretty efficient (scoring 110 points per 100 possessions) with him on the floor and the last time he was healthy, he had a historically good season. There are teams (Orlando and Phoenix, especially) in need of a starting point guard, but Thomas may have to settle for a short-term deal and a bench role in order to restore his value around the league. Number to know: Among 160 players with at least 400 field goal attempts in each of the last two seasons, Thomas saw the biggest drop in both in effective shooting percentage (from 55 percent to 44 percent) and true shooting percentage (from 63 percent to 51 percent). 9. Dwyane Wade, G, Miami No, Wade is not one of the 10 best free agents out there. But he's a future Hall of Famer who has said that Miami is the only team he'll play for going forward. We saw in Game 2 of the first round against Philadelphia that he can win a game for you on any given night. But over a full season, he'd be a much better fit with the Heat (who have a handful of versatile non-shooters) if he had, at some point, developed a three-point shot. That he hasn't increases the chances that his career is over. Number to know: Wade had an effective field goal percentage of 36.8 percent from outside the paint, the second worst mark among 207 players who attempted at least 200 total shots from the outside. 10. Jabari Parker, F, Milwaukee (Restricted) Parker should look much better in the fall than he did in playing just 38 games (including playoffs) after returning from a second ACL tear in his left knee. He has issues to fix on both ends of the floor and isn't an ideal complement to Giannis Antetokounmpo in that neither shoots very well from the perimeter. Parker still has top-two-pick talent, but injury issues and defense issues make him a fascinating case in restricted free agency for a team that's looking to take a step forward with an MVP candidate and a new coach. Number to know: In the playoffs, the Bucks' offense was more than 14 points per 100 possessions better with Parker off the floor (scoring 114.9 per 100) than it was with him on the floor (100.6). John Schuhmann is a staff writer for NBA.com. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsMay 30th, 2018

Stock Market: Stocks extend gains as foreigners turn net buyers

THE BELLWETHER INDEX extended its gains to a fourth straight session on Thursday as investors picked up select stocks, with foreigners also shifting to a net buying position......»»

Category: financeSource:  bworldonlineRelated NewsFeb 23rd, 2017

Flashback Friday: Michael Jordan s jumper seals 1998 title

By Sekou Smith, NBA.com The Game: 1998 Finals, Game 6 The Series Situation: Chicago Bulls lead Utah Jazz, 3-2 The Play: With the Jazz leading 86-85 with 18.9 seconds to play, Michael Jordan steals the ball from Karl Malone in the post. Jordan then dribbles down court and uses a crossover dribble (and a slight shove of Bryon Russell) to nail a 20-foot jumper for an 87-86 lead with 5.2 seconds to play. That jumper ended up being the game-winner as the Bulls clinched their third straight title in what, at the time, was Jordan's final shot (he would later come out of retirement and play for the Washington Wizards from 2001-03). The Significance: One of the iconic sequences and shots in the illustrious career of Jordan, not even his stint with the Wizards has overshadowed those final seconds against the Jazz. Malone and John Stockton were denied a championship during their Hall of Fame careers because of Jordan and the Bulls. Russell's career moment remains his being shoved out of the way on that crossover for Jordan's dagger. But this was the championship capper of the Jordan Bulls. It was a sequence that showcased MJ's ability to dominate the game on both ends: a perfectly timed steal that led to the ultimate closer finishing the deal on the other end with a pull-up jumper. It came complete with the timeless image of Jordan's right hand in the air as he watched the ball drop through the nets while breaking the hearts of Jazz fans. More than just a shot that ended a dynasty in Chicago, it signaled the end of an era in the NBA. Sekou Smith is a veteran NBA reporter and NBA TV analyst. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJun 15th, 2018

PLDT sees home, enterprise units driving growth

Industry giant PLDT Inc. painted an optimistic outlook for 2018 as shareholders worry about the drop in its market value and with the specter of new competitors looming. During the telco's ann.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

Haven’t read a book lately? Blame Netflix, says study

Are you all caught up on your favorite Netflix show, but that novel on your nightstand is gathering dust? You're far from alone, according to a German study released Thursday decrying a "dramatic" decline in book readership as more time is spent online. The number of people buying books in Germany plummeted by nearly 18 percent between 2013 and 2017, the study commissioned by the German Publishers and Booksellers Association found. The drop was even steeper at 24 to 37 percent among those aged 20 to 50--- the same age group that now spends more than three hours a day on the internet. "There's growing social pressure to constantly react and be tuned in so you don...Keep on reading: Haven’t read a book lately? Blame Netflix, says study.....»»

Category: newsSource:  inquirerRelated NewsJun 8th, 2018

Domestic market capitalization of select stock exchanges in Asia Pacific

The post Domestic market capitalization of select stock exchanges in Asia Pacific appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 28th, 2018

Adamson survives challenge of gritty Arellano

Adamson University survived a close call and recovered just in time to drop Arellano University, 67-61, in the Filoil Flying V Preseason Cup Friday at the tournament's namesake arena in San Juan. The Falcons held a 50-38 lead at the end of the third but the Chiefs managed to make a game out of it, moving to within 62-61. Papi Sarr came through on both ends to rescue Adamson, hitting two free throws to give the Falcons a 64-61 lead with 1:22 left then swatting away Archie Concepcion's layup 21 seconds later. Adamson head coach Franz Pumaren said his players have to experience those cardiac moments since such scenarios are vital for his team's development. "That's why we're...Keep on reading: Adamson survives challenge of gritty Arellano.....»»

Category: newsSource:  inquirerRelated NewsMay 25th, 2018

PSEi ends the week in the red

By Denise A. Valdez LOCAL stocks slipped on Friday, after an overnight drop in Wall Street and the central bank’s move to reduce banks’ required reserves. The Philippine Stock Exchange index (PSEi) closed at 7,647.51, dropping 5.02 points or 0.07%. The broader all shares index, meanwhile, gained 7.32 points or 0.16% to close at 4,654.67. […] The post PSEi ends the week in the red appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 25th, 2018

Bourse rebounds, gains 1.22%

  The local stock barometer yesterday rebounded on selective buying of large-cap stocks by domestic investors. The main-share Philippine Stock Exchange index (PSEi) recouped 92.06 points or 1.22 percent to close at 7,652.53. The rebound was led by the financial counter, which gained 2.28 percent ahead of another 1-percentage point cut in the reserve requirement by the Bangko Sentral ng Pilipinas to 18 percent which would take effect on June 1. "The market had partly anticipated the cut and timing. And this is likely to partly explain the peso's recent underperformance," ING Philippines economist Joey Cuyegkeng said. "In the meantime, peso liquidity in the system w...Keep on reading: Bourse rebounds, gains 1.22%.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2018

Japanese whisky company running low on supply due to high demand

Suntory made an error in estimating the demand for its whisky a decade ago. Now two of its products may run out of stock very soon. The company said its Hakushu 12 Year and Hibiki 17 Year may no longer be found on store shelves before the year ends, according to a report from ITMedia via Soranews24. The year rating on the whisky indicates how many years it has been aged. This means the current batch of whisky being sold was made over a decade ago. Suntory estimated the Hakushu 12 Year would be sold out by June, while the Hibiki 17 Year would be out by September. The liquor company cited unexpectedly high demand for their products in the Japanese market. Meanwhile, its...Keep on reading: Japanese whisky company running low on supply due to high demand.....»»

Category: newsSource:  inquirerRelated NewsMay 16th, 2018

Gaining exposure to the stock market through mutual funds

Should you consider buying mutual funds to gain exposure to the stock market? I believe so. Even though I am knowledgeable in picking stocks, I still buy equity mutual funds occasionally to gain ex.....»»

Category: newsSource:  philippinetimesRelated NewsMay 15th, 2018

Domestic Market Capitalization of select stock exchanges in Asia Pacific

The post Domestic Market Capitalization of select stock exchanges in Asia Pacific appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

Philex Mining net income drops on lower production

Philex Mining Corp. reported a 24% drop in its first quarter core net income to P346 million from P458 million from the same period last year, caused by lower production and stronger outflow of money. In a disclosure to the stock market on Thursday, May 10, its reported net income likewise dropped from P432 million […] The post Philex Mining net income drops on lower production appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 10th, 2018

Asia’s second-hand jet market soars as super-rich eye bargains

Asia’s super-wealthy are increasingly opting for second-hand private jets rather than buying new ones, as private buyers look for deep discounts and shorter waiting times, aircraft brokers said. Asia’s second-hand jet market soars as super-rich eye bargains Asia’s super-wealthy are increasingly opting for second-hand private jets rather than buying new ones, as private buyers look… link: Asia’s second-hand jet market soars as super-rich eye bargains.....»»

Category: newsSource:  manilainformerRelated NewsApr 24th, 2018

Index recovers on late buying

The stock market recovered yesterday on late buying after suffering heavy losses on Thursday on fears of rising inflation and escalating trade war between the US and China......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2018

Buy while the market stays in the red

Buying while the market is in the red is one of the trading tips regarded as a winning strategy. This was exactly what Dondee Prime, the latest player to actively join the game in the virtual stock trading challenge, had in mind when he submitted a “buy” order for Pure Gold Price, Inc. (PGOLD) for [...] The post Buy while the market stays in the red appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 20th, 2018

PSEi touches 7,500 but pares day’s losses

The stock market spent most of Thursday in 7,500 territory, threatening to hit a one-year low, before last-minute buying allowed it to limit losses for the day. The benchmark Philippine Stock Exchange index (PSEi), which hit an intraday low of 7,537.43, managed regain some ground to close at 7,682.24, still 110.89 points or 1.42 percent [...] The post PSEi touches 7,500 but pares day’s losses appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 20th, 2018

Decades-old Saudi cinema ban ends, public screenings start

RIYADH — Saudi Arabia launched its first commercial movie theater on Wednesday, ending a nearly 40-year ban on cinemas under a push by the crown prince to modernize the deeply conservative Muslim kingdom. A red carpet invitation-only gala event attracted senior government officials, foreign dignitaries, and select industry figures to watch Marvel’s superhero movie Black […] The post Decades-old Saudi cinema ban ends, public screenings start appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 19th, 2018

Duterte orders increase in NFA buying price for palay

President Rodrigo Duterte has ordered an increase in the buying price of the National Food Authority (NFA) for paddy rice (palay) despite opposition from his economic managers. In a post on Facebook on Tuesday, Agriculture Secretary Emmanuel Piol quoted the President as saying during the Cabinet meeting on Monday that the increase could boost the NFA's buffer stock, which was wiped out earlier this month. "He did not like a repeat of what happened recently when the country's rice agency went low on its buffer stocks whichever led to a spike in the price of commercial rice in the market," Piol said. Filipino farmers first "Buy from the Filipino farmers first and if you cou...Keep on reading: Duterte orders increase in NFA buying price for palay.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2018

On Pace: Indiana opens eyes with blowout of LeBron, Cavs

By Tom Withers, Associated Press CLEVELAND (AP) — They've spent the entire season on the fringe, virtually ignored by all but the most savvy fans and NBA insiders. They don't have any household names or any superstars on their roster, just one All-Star and a role player best known for foolish on-court antics. But as the Indiana Pacers strolled quietly into practice on Monday (Tuesday, PHL time) at Quicken Loans Arena, a building they silenced less than 24 hours earlier with an eye-catching playoff win in Game 1 over the Cavaliers, there was something unmistakable about them. They're confident — and they're no longer a secret. "People didn't expect us to do this well," Pacers forward Thaddeus Young said, leaning back in a cushioned chair at the end of Indiana's bench. "We like that. That's what kind of drives our motor a little bit, being overlooked and no one expecting us to do what we're currently doing." The Pacers were the better team — by far — on Sunday (Monday, PHL time), leading from tip to final horn in a 98-80 victory over Cleveland that snapped a 21-game winning streak in the first round for LeBron James, who had never opened the playoffs before with a loss and figures to be more aggressive in Game 2 on Wednesday (Thursday, PHL time). Led by Victor Oladipo's 32-point, tough-shot-after-tough-shot performance, Indiana outplayed, outhustled and outlasted Cleveland, giving the Pacers a 4-1 record this season against the three-time defending conference champions. This may have been a surprise to outsiders, but it was just another day on the office hardwood for the Pacers, who won 48 games during the regular season and were the only team to beat Golden State twice. Didn't know that, did you? Well, most of Indiana's accomplishments have been woefully under-publicized. That's what happens when only one of your games is shown on national TV, you're playing in a mid-market city and you appeared to throw away the future by trading away your biggest star, Paul George, last summer. But the lack of attention doesn't faze Pacers. It fuels them. "They underestimate us," Lance Stephenson said, referring to everyone, not just those Cleveland fans taunting the Pacers on Sunday. "They didn't think we would get this far and they didn't think we was going to win that many games. But if you look at our team, I guess you could say we don't have that one player or the type of players that stand out, and that's why they underestimate us." Stephenson, the Pacers' instigator, spark and arch-enemy to James, set the tone for Indiana's impressive win in Game 1 with a thunderous first-quarter dunk he celebrated by bashing his head into the padded basket stanchion. "I'm a little dizzy right now," he joked before Monday's workout. His teammates' heads aren't spinning after the series-opening win over the Cavs, who swept the Pacers in the first round a year ago. They expected to play well, and they did. The Pacers aren't flashy, but fundamental. They do the little things: boxing out, diving for loose balls, taking charges. They've been successful by following coach Nate McMillan's simple formula: share the ball, stop your man and stay connected. "We've been playing like this all year," said Oladipo, the team's rising star who has been on a mission since coming over from Oklahoma City in the deal for George. "Been playing hard on both ends all year. It just hasn't been magnified. So it's the playoffs now, we've been doing this all year. Now everybody sees." Young, who along with Myles Turner are the only starters from last year's playoff squad, said Indiana's success is rooted in the team's togetherness. A year ago, the Pacers were going in different directions. "We had a lot of guys with egos that we really couldn't push aside" he said. "And there was a lot of miscommunication and a lot of different things that were going on. We didn't know if Paul was going to be here. We didn't know if Jeff [Teague] was going to stick around. There was a lot of uncertainty and no clarity from Day One and that hurt us from being a better team than we could've been. "But this team here, we're all in. We take each and every step together. We try to work in unison each and every day. We come to work and put our hard hats on and we all believe in each other." The Pacers took Sunday's (Monday, PHL time) win in stride, like a team that has won bigger games before. There was no chest-thumping, no bragging, nothing but talk of doing it again. "There ain't nothing to celebrate about," Stephenson said. "We won the game, but we got more to accomplish.".....»»

Category: sportsSource:  abscbnRelated NewsApr 17th, 2018