People and Pop Culture
The Market
A measured look at this week’s holdings
Buy
Moving the ball
For all the talk of the lack of minority coaching hires in the NFL this offseason, credit Ron Rivera in Washington for making progress by hiring Jennifer King as the first African American woman to coach in the league. King had been an intern with the Carolina Panthers the past two years and played women’s pro football.
Sell
Under water
Under Armour lowered its sales estimates and said it expects a $50 million to $60 million loss in Q1 after reporting a $15 million loss in Q4. With 600 stores in China closed because of the coronavirus, the company still likely has more short-term pain ahead, and its stock could drop even further than the 18% it was down after its earnings report.
Hold
Games-manship?
NHL Deputy Commissioner Bill Daly said “we aren’t even close” to having a decision about the league’s players taking part in the 2022 Winter Olympics in Beijing, suggesting it could be discussed during the ongoing labor talks. Those discussions will take place this week as the NHL and NHLPA look to reach an agreement to extend the current CBA until at least 2025.
