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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

PBA: Back-to-back wins for Meralco after stopping no. 1 Magnolia

ANTIPOLO CITY, Rizal --- Power has been fully restored over at Meralco. The Bolts took down no. 1 Magnolia Friday at the Ynares Center here, scoring a 94-88 win in the 2018 PBA Governors' Cup. Winners of back-to-back games, the Bolts improved to 3-6 for the conference and Meralco is still pretty much alive in the playoff race where only three spots remain up for grabs. Five players scored in double figures for the Bolts led by two-time Best Import Allen Durham with 20 points, 17 rebounds, and 8 assists. Four other locals chipped in at least points led by 16 from Baser Amer. It was a tough outing from the start with no team leading by more than eight points. In the end however, the was Meralco's signature defense that allowed them to secure this victory. For Magnolia, their reign as solo no. 1 ends as the Hotshots drop to 7-2, now tied with two-time champion Brgy. Ginebra for first place. The loss also snapped the Hotshots' five-game winning streak. Former Best Import Romeo Travis led the way with a 25-point, 19-rebound double-double but local support wasn't abundant in this one. Paul Lee and Ian Sangalang were the only other Hotshots in double digits with 12 points each.   The Scores: Meralco 94 - Newsome 20, Amer 16, Hugnatan 15, Newsome 13, Hodge 12, Salva 8, Jamito 5, Caram 3, Tolomia 2, Lanete 0, Faundo 0, Ballesteros 0. Magnolia 88 - Travis 25, Lee 12, Sangalang 12, Jalalon 9, Barroca 8, Reavis 8, Brondial 7, Herndon 3, Simon 2, Dela Rosa 2, Pascual 0, Ramos 0. Quarters: 24-19, 43-43, 70-66, 94-88.   --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsOct 19th, 2018

Prices of Commercial Rice Seen Declining Further

Prices of commercial rice in the market have declined by as much as PHP5 per kilo and are likely to drop further by the end of month, giving some relief to consumers. “As projected, prices of commercial rice in the market have started to stabilize as harvests have begun and the shipment of imported rice […].....»»

Category: newsSource:  metrocebuRelated NewsOct 18th, 2018

Warriors dominance in the West shows no sign of relenting

By Shaun Powell, NBA.com We have reached the point in this Golden State Warriors’ chokehold on the Western Conference where it turns spooky: The last team out West to deny the Warriors (technically) no longer exists. Yes, the LA Clippers are still right where they’ve always been. But all other traces of May 3, 2014, when they beat the Warriors in the first round of the playoffs, have turned to dust. Chris Paul, Blake Griffin, JJ Redick, DeAndre Jordan, Jamal Crawford -- they’re all gone. Usually, it’s the loser who feels the cold repercussions and fallout of a first-round defeat in the playoffs. But what’s often lost as the Warriors run the table in the West is how they’ve shattered so many teams, schemes and dreams along the way. In hindsight, four years ago was not the beginning of “Lob City” and the Clippers. It was the beginning of their end. The wreckage left behind by the Warriors over the ensuing 53 months underlines the undeniable truth: They’ve taken ownership of their very own West Side Story. They had a record-setting 73-win regular season. They’ve won 12 straight West payoff series (and 15 of 16 playoff series overall). Only twice – the West finals in 2016 and '18 -- did they endure the indignity of needing to survive Game 7 in the West playoffs. In short, this dynasty shows no signs of dying this season. If anything, the argument can be made -- even before it’s proven as fact -- that the 2018-19 Warriors are their most talented team yet. All-Stars Kevin Durant, Stephen Curry, Draymond Green and Klay Thompson welcomed a fifth, DeMarcus Cousins, to their mix this summer. That is not typical in the NBA, folks. “This," Durant said, "is going to be an exciting season. Fun.” The Warriors’ five All-Stars (two of whom are former Kia MVPs) are still in their prime. And given that Andre Iguodala tends to transform from a fossil to an X-factor when spring arrives, perhaps only injury or another uncontrollable circumstance will keep the Warriors from making it an NBA-record five straight Western Conference crowns. “In terms of encouraging each other, being in tune with some of the things that might be thrown at you, whether it's injuries, whether it's a couple of slumps on the court, whatever the case is, we adapt really well and we don't stay down for too long,” Curry said. The Rockets, who won 65 games a season ago, are perhaps the most realistic challenger to the Warriors out West. But it's quite possible that Houston is weaker than it was in 2017-18. To understand how high the Warriors are sitting on the throne, you must survey what they’ve left behind. Just look at how the biggest threats in the West have either hit dead ends or maxed themselves out trying to chase the Warriors since 2014. Memphis Grizzlies: At one point, they were considered the toughest matchup for the Warriors because they were polar opposite in style. Half-court and methodical, the Grizzlies took a switchblade to the basketball, slowing the tempo. And they exploited Golden State’s lone weaknesses: Interior size and overall strength. They physically beat up the Warriors in the paint (Zach Randolph and Marc Gasol) and on the perimeter (Tony Allen). Additionally, Mike Conley was at times a handful at point guard at a time when Curry was winning MVP awards. But health and age wore the Grizzlies down and eventually forced them into a current reinvention that likely won’t reap benefits until after the Warriors are finished. Oklahoma City Thunder: As one of only two West teams (Houston being the other) to force the Warriors into a seventh game, OKC was prime for a takeover in 2016. That season, OKC eliminated a 67-win San Antonio Spurs team in the West semfinals. Durant and Russell Westbrook were healthy, humming and helping the Thunder to a 3-1 lead in the West finals. That, however, was their apex, and the costly collapse was heightened by the “Klay Game” (41 points in Game 6). Imagine, if not for a fateful turn of events -- Klay’s 3-point rampage, KD’s second-half Game 7 vapor and the Warriors losing the 2016 Finals to Cleveland -- maybe Durant sticks around in OKC. At any rate, the post-2016 West finals reconstruction being done by the Thunder (Exhibit A: The short-lived Carmelo Anthony experience) is falling short so far. Portland Trail Blazers: They were never seriously considered a thorn to the Warriors, and still aren’t. It’s just that they played themselves. They were fooled by the events in 2016, when they beat the injury-hampered Clippers in the first round. They were then somewhat competitive against the Warriors in the West semifinals (winning one game by 12, losing another in OT and the elimination game by just four). Flushed with false hope, that summer the Blazers handed out rich extensions to rotational players and, unfortunately, locked themselves into a team that hasn’t won a playoff game since. San Antonio Spurs: Like the Grizzlies, the Spurs caused trouble for the Warriors because of their disciplined style that put the brakes on the pace. San Antonio ruled the West just prior to the Warriors’ run and the proud franchise wasn’t willing to relinquish its hold so easily, causing the Warriors to shiver by winning the regular season matchup from 2014-16. Still, like Memphis, the Spurs turned gray almost overnight. Tim Duncan retired, Tony Parker lost some zip and then, of course, came the sneaky Zaza Pachulia foot plant that KO’d Kawhi Leonard in the first game of their 2017 series. It hasn’t been the same for the Spurs, who shipped off the disgruntled Leonard this summer. Houston Rockets: While the Warriors were able to build around Curry to create a dynasty, the Rockets are in their third attempt to do likewise with James Harden. The Dwight Howard experiment was an exploding cigar, and then the strategy of turning Harden into a point guard failed to draw blood. Chris Paul arrived last season and the best record in the West followed, but Paul has always limped at the wrong time. True to form, his body failed him in the conference finals, just when the Rockets were up 3-2 on the Warriors and primed to issue a stunning statement. The conference-wide process of teams searching for the formula to bring an end to this “Golden” era has taken on an interesting twist. Except for the Rockets, who shuffled their deck slightly this summer, other West contenders are on a semi-defeatist two-year plan. As in: We’re not ready now, but look out in a coupla years! LeBron James joined the Lakers this summer, but it’s hard to take them seriously when LeBron himself says his new team isn’t breathing the same air as the defending champs. His supporting cast is a mix of pups with no playoff experience and vets who’ve seen better days. It’s foolhardy to doubt the potential of any team with LeBron — eight straight trips to the championship round is no joke, even if it came through the East. But they’ll stand a better chance next season, especially if they’re bringing Kawhi or Jimmy Butler by then. There’s also the Utah Jazz, a Spurs-like operation led by a pair of Spurs alums in GM Dennis Lindsey and coach Quin Snyder. Jazz guard Donovan Mitchell is a star in the making, but you need more than one of those to match Golden State. Perhaps in time, Mitchell will get a shotgun rider, but Utah is a tough sell for A-list free agents. Houston stands out from the pack with Harden, Paul and center Clint Capela, who gave the Warriors fits last spring. They’re still an attractive, turnkey team. Adding Anthony provides scoring, but does he impact a potential West finals rematch in 2019? With Trevor Ariza and Luc Mbah a Moute gone, where is the perimeter defense coming from? Is it possible that Houston, with Paul aging, had its best chance last spring and didn’t cash in? It’s also possible the Warriors will do everyone in the West a favor and destroy themselves in the very near future. Durant can become a free agent next summer. Thompson’s contract is up, too, although he’s been very clear about his preference to stay even if that means making below market value. “What’s happening right now is going to be really tough to replicate for anybody,” Warriors coach Steve Kerr said. “You have the proverbial window, however you want to put it. We have an incredible opportunity that’s just not always going to be here. We want to take full advantage not only from a success standpoint but from an enjoyment standpoint. “We’re well aware that it’s not going to last forever.” But that’s getting ahead of the story here, which is whether the Warriors will fall shy of The Finals for the first time since 2014. A three-time champion is bringing everyone back and will add a bonus whenever the healing Cousins returns. Basketball can sometimes be a funny game and anything can happen to throw this scenario for a loop. Until then, however, it's hard to imagine anything derailing another season of Warriors dominance. Veteran NBA writer Shaun Powell has worked for newspapers and other publications for more than 25 years. You can e-mail him here or 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 NewsOct 16th, 2018

Main index ekes out gain on last-minute buying

STOCKS eked out gains on Tuesday after posting losses for most of the session, as foreign investors continued to flee the market without any signs of new catalysts to bring them back. The post Main index ekes out gain on last-minute buying appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 9th, 2018

Well-milled rice prices still up despite drop at farmgate

THE average farm-gate price of palay (unmilled rice) dropped by nearly one percent at the end of September but this was not reflected in retail trade as market prices remained high, data from the Philippine Statistics Authority (PSA) showed. In its latest price monitoring report, the PSA said the average quotation of palay in the [...] The post Well-milled rice prices still up despite drop at farmgate appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 9th, 2018

Govt to put up suggested buying, retail price for rice

The Department of Agriculture (DA) is set to issue a Suggested Buying Price (SBP) for farmers’ produce and a Suggested Retail Price (SRP) for rice sold in the market in a bid to tame increasing prices of the staple. This, after stakeholders of the rice industry agreed, during a consultation on October 3, “to join [...] The post Govt to put up suggested buying, retail price for rice appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 5th, 2018

Stock market drops as inflation hits 6.7%

THE stock market fell for a second day on Friday, but the drop was not as steep as the previous day even as the government reported that inflation hit a new nine-year high in September. The Philippine Stock Exchange index (PSEi) dropped by 0.21 percent or 15.14 points to close at 7,078.20, the lowest since [...] The post Stock market drops as inflation hits 6.7% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 5th, 2018

Index ends flat on lackluster trades

The Philippine stock market closed nearly flat yesterday, with the index ending 15.14 points lower, or 0.21 points, at 7,078.20......»»

Category: financeSource:  philstarRelated NewsOct 5th, 2018

Gokongwei-led URC ends partnership with ConAgra

UNIVERSAL Robina Corp. (URC) is buying out its American partner for Hunt-Universal Robina Corp. (HURC), ending its 35-year-old partnership with the company while still keeping the licensing agreement for its products......»»

Category: financeSource:  bworldonlineRelated NewsOct 1st, 2018

SiriusXM buys Pandora to step up streaming music wars

WASHINGTON DC, USA (UPDATED) – SiriusXM, which dominates satellite radio in the United States, announced on Monday, September 24, it is buying online rival Pandora for $3.5 billion, ramping up competition in the streaming music market dominated by Spotify and Apple. The all-stock deal creates "the world's largest audio entertainment ........»»

Category: newsSource:  rapplerRelated NewsSep 25th, 2018

Final rules for third telecommunications firm released

The government released yesterday the long awaited final rules and regulations on the selection of a new major player in the telecommunications market, paving the way for the entry of the third telco before the year ends as promised by President Duterte in hopes of breaking the duopoly in the sector......»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2018

Market closes flat; Alliance Select up

Market closes flat; Alliance Select up.....»»

Category: financeSource:  thestandardRelated NewsSep 17th, 2018

Buying sprees and backdoor listings

Amid the wildfire decimating market gains are the quiet but bold buying and backdoor listing activities that may lend to interesting stock plays in the not so distant future. The most recent of these financial transactions, which are labelled broadly under mergers and acquisitions (M&A) activities, is the purchase by Davao-based businessman Dennis Uy (through [...] The post Buying sprees and backdoor listings appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 13th, 2018

Stocks bounce back on late buying spree

The local stock market finally ended its six-day losing streak yesterday, with the benchmark Philippine Stock Exchange index finally regaining strength......»»

Category: financeSource:  philstarRelated NewsSep 13th, 2018

Index falls for 6th day, ends below 7,500

The stock market was down again yesterday, with the benchmark Philippine Stock Exchange index falling below the 7,500 mark as renewed fears of a trade war spilled over Asian stocks......»»

Category: financeSource:  philstarRelated NewsSep 12th, 2018

Market may drop further this week

Share prices may decline further this week with the next support level seen at 7,400, analysts said......»»

Category: financeSource:  philstarRelated NewsSep 9th, 2018

Trade war worries add to PSEi’s woes

The stock market extended a run of declines on Friday with analysts again pointing to higher-than-expected August inflation, a weaker peso and concerns of an escalation in the US-China trade war as having spooked investors. The Philippine Stock Exchange index (PSEi) fell by over 1 percent in morning trade, but a last-minute buying spree pared [...] The post Trade war worries add to PSEi’s woes appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 7th, 2018

Peso Ends Sideways, Local Stocks Fall Hard on Inflation Report

The Philippine peso was little changed against the US dollar Wednesday but the Philippine Stock Exchange index (PSEi) took a beating following the release of August’s inflation numbers, which increased risks caused by external developments. The local unit ended the day at 53.55 from day-ago’s 53.535, which Landbank market economist Guian Angelo S. Dumalagan, traced […].....»»

Category: newsSource:  metrocebuRelated NewsSep 6th, 2018