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Lowe’s, Madison Square Garden Sports, Nike, Salesforce and Microsoft highlighted as Zacks Bull and Bear of the Day

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For Immediate Release

Chicago, IL – October 9, 2020 – Zacks Equity Research Shares of Lowe’s Companies, Inc. LOW as the Bull of the Day, Madison Square Garden Sports Corp. MSGS asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NIKE, Inc. NKE, salesforce.com, inc. CRM and Microsoft Corporation MSFT.

Here is a synopsis of all five stocks:

Bull of the Day:

As the Covid-19 pandemic stretches past its 200th day and Americans remain mostly in their homes as much as possible, there have been many winners and losers in the business world. The losers have been businesses that rely on in-person interactions for a significant portion of their revenues. Travel, leisure and entertainment have all suffered mightily.

Technology and technology services like video conferencing and file sharing companies that allow people to work at home more efficiently have been the obvious winners.

There have

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Bear of the Day: Madison Square Garden Company (MSGS)

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It’s one of the most famous sports and entertainment venues in the world. Known colloquially as simply “The Garden” and situated right in the middle of Manhattan, Madison Square Garden is the oldest stadium in both the NBA and the NHL and has also hosted countless music, arts and comedy events over the past 52 years. For athletes and performers, “playing at the Garden” is synonymous with having reached the top of their field. It’s truly iconic.

The Madison Square Garden Company (MSGS) doesn’t own the building – the property itself belongs to a related company.*

MSGS owns the NBA’s New York Knicks and the NHL’s New York Rangers – two teams who play in the building and have enjoyed a huge local market and loyal fans around the country who buy up licensed merchandise and watch televised broadcasts. They also own several minor league franchises in both sports, training

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Madison Square Garden extends furloughs for 1,700 workers

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There’s no indication of just how long temporary will be. Despite the rest of the city reopening, performances and events have been disallowed since March. When those types of large-scale gatherings will be safe again is anyone’s guess, and the Garden’s filing shows how that prolonged uncertainty is touching even the most well-known names in the city. Madison Square Garden Entertainment Group, the Garden’s parent company, reported just $9 million in total revenue in its most recent quarterly report, a 96% decrease on the $215.2 million it brought in for the same quarter in 2019. 

Many of the city’s other venues also are in financial distress. The Metropolitan Opera House said in September that it would not reopen for at least a year, and a similar filing with the Department of Labor shows it has furloughed or laid off more than 2,000 people. Broadway’s layoffs have surpassed 1,000, and Carnegie

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How Judas Priest Got a Lifetime Ban From Madison Square Garden

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Rob Halford recalls how Judas Priest received a lifetime ban from Madison Square Garden in an exclusive excerpt from his memoir Confess: The Autobiography.

The British band’s performance at the legendary New York venue in 1985 was its second visit, and singer Halford hoped it wouldn’t be the last. But after fans rioted and caused hundreds of thousands of dollars of damage, they’ve never been allowed to return.

A statement by the publisher calls Confess ”the story of an extraordinary five decades in the music industry” and “the tale of unlikely encounters with everybody from Superman to Andy Warhol, Madonna, Jack Nicholson and the queen. More than anything else, it’s a celebration of the fire and power of heavy metal.” Confess: The Autobiography is on sale now.

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We headed back down into America. In Madison, Wisc., we had to shelter 10,000 people under the bleachers of the Dane

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THE MADISON SQUARE GARDEN COMPANY BOARD APPROVES SPIN-OFF OF ENTERTAINMENT BUSINESSES FROM SPORTS BUSINESSES NYSE:MSG

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Spin-Off Transaction Expected to be Completed in Mid-April

 Construction of MSG Sphere in Las Vegas to be Temporarily Suspended

NEW YORK, March 31, 2020 (GLOBE NEWSWIRE) — The Madison Square Garden Company (NYSE: MSG) today announced that its board of directors has approved the spin-off of its entertainment businesses from its sports businesses, which is expected to be completed in mid-April. In addition, the Company provided an update on its MSG Sphere construction in Las Vegas.

Two Distinct Companies for Shareholders
Upon completion of the spin-off transaction, MSG will be a pure-play sports company and will change its name to Madison Square Garden Sports Corp. (MSG Sports), while the newly-formed entertainment company will be named Madison Square Garden Entertainment Corp. (MSG Entertainment).

The distribution will take place on April 17, 2020 to MSG stockholders of record as of the close of business on April 13, 2020. Each MSG common stockholder

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Madison House Autism Foundation

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Welcome Video


Learn more about the Madison House Autism Foundation on our About Us page and YouTube channel.

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Autism in the News


Madison House has re-vamped our news section to feature stories on topics ranging from housing to advocacy to employment. To view past stories, please visit our various news archives.

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National Conversation


View this brief animation to learn more about the current state of housing for those with autism and other intellectual and developmental disabilities.

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RESOURCES FOR PARENTS


Madison House has compiled many of the best online resources for parents to navigate issues that may influence their autistic sons’ and daughters’ futures. Check out some of the resource catalogs listed below or visit the For Parents section to explore other pertinent topics.

 


 

Jeffrey Morris’ Story

Jeffrey’s post-secondary education program empowered him with the skills he

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