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All good things must come to an end. Frank Gore, who last played in the NFL as a 37-year-old in 2020, is finally hanging up his cleats for good. Gore will reportedly sign a one-day contract and retire as a member of the San Francisco 49ers on Thursday, according to the Mercury News.

Gore revealed in April he planned to sign a one-day contract with the 49ers and retire during the 2022 NFL offseason.

Gore walks away from football as the No. 3 all-time leading rusher in NFL history. Only Emmitt Smith and Walter Payton sit above Gore on the all-time list.

After a promising rookie year with the 49ers in 2005, Gore went on to post 12 fantastic seasons in the NFL, the majority of which came with the 49ers. Gore rushed for at least 1,000 yards nine times over that period and made the Pro Bowl five times. He leaves the NFL as the 49ers' all-time leading rusher. Gore gained 11,073 rushing yards in his 10 seasons with the franchise.

Gore remained in the league for three more seasons following his peak years, and managed solid production with the Buffalo Bills, Miami Dolphins and New York Jets despite being a part-time player at the end of his career.

Gore did not sign with an NFL team in 2021. He did not draw interest during the 2022 offseason either. With Gore's NFL future in doubt, he started to train in another sport. Gore made his boxing debut in May, when he picked up a knockout victory over Yaya Olorunsola.

Gore's position on the all-time rushing list all but guarantees his induction into the Pro Football Hall of Fame. Despite his eye-popping yardage total, there is some debate about Gore making it to the hall.

The argument for Gore is based on his longevity instead of his peak. While Gore had an excellent peak, he was rarely the best running back in the NFL. He never led the league in yardage or touchdowns in a single season. And never made an All-Pro team. Payton and Smith combined for nine All-Pro appearances, won MVP awards and lead the NFL in rushing yards and touchdowns at least one season of their career.

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Gore was consistently above average for a long time and remained, at the very least, an average player as he aged. His season-to-season stats don't jump off the page like other Hall of Fame running backs, but there's something to be said about Gore's effectiveness and longevity at a position that takes immense punishment.

Ultimately, Gore's position on the all-time rushing list might be the only thing that matters to Hall of Fame voters. He may lack the awards of other legendary runners, but Gore's position on the all-time rushing list speaks to his immense ability and durability in the NFL.

An average or above average player wouldn't sit No. 3 on the all-time rushing list. Gore was a special talent.

Frank Gore excelled with the 49ers. (Photo by Thearon W. Henderson/Getty Images)

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Ageless wonder Frank Gore to officially retire from the NFL with 49ers - Yahoo Sports

Cameron Diaz has quite the optimistic outlook on getting older.

In a recent interview with Goop, the 49-year-old opened up about the pressures to be sexy, aging in the public eye and her zest for life.

"The whole concept of aging has just changed completely, even in the last 10 years, It's totally opened up. I'm excited. I've got 50 or 60 years to go. I want to live to be 110, since I've got a young child," she said.

The 49-year-old, who shares 2-year-old daughter Raddix with husband Benji Madden, is excited about growing older with her daughter and looks forward to their relationship once she is an adult.

"I think you have this amazing moment in your 40s where you appreciate who your parents are, and I want to have that moment with her be there with her in her 40s," she said.

Diaz notes she is the oldest mom in her group of friends and feels "lucky" to be in her position.

"I'm lucky to be my age, lucky to have those girlfriends, lucky to have my daughter, lucky to have all the support I do raising her," she said.

Aging has long since been a point of contention for women and being in the public eye can exacerbate societal pressures to appear youthful, Diaz explains.

"As women in our society, we spend so much time under pressure to be highly sexualized, thinking we need to be desired sexually at all times. I'm here to say I'm moving past that: I don't care!" she said.

Still, the co-founder of the wine label Avaline does acknowledge that adopting this mindset can take time.

"It's a tough society we live in. It comes with all kinds of benefits, but living in the public eye can be very damaging to your soul," she explained, adding that prioritizing all aspects of one's well-being is vital. "No matter who you are, it's important to take care of the whole person not just the visual, not just what people think of you, but all of you."

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Cameron Diaz, 49, on 'moving past' the 'pressure to be highly sexualized': 'I don't care!' - Yahoo Life

The good, bad and ugly of investing in NFTs. (PHOTO: Getty Creative)

SINGAPORE Non-Fungible Tokens, or NFTs for short, are digital assets that everyone seems to want to own these days. But are they really a good thing, or is it just going to be a passing trend?

This is part of a series where Yahoo Finance Singapore will focus on different aspects of millennials and their finances. In this second part, we discover whether its good for millennials to invest in NFTs.

For the uninitiated, NFTs are basically certificates of digital ownership which have gained huge traction in recent years. The certificates have a unique record that is written into the fixed code (that cannot be changed) of a blockchain at time of creation or minting, which makes it a cryptographic asset. This can take the form of anything from digital art pieces, in-game items, music, fashion items and even virtual land.

To put it simply, NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Anyone can create, or "mint", an NFT, and ownership of the token does not usually confer ownership of the underlying item.

Profits are generated when one sells the NFT to someone else who wants it more and is willing to pay a higher price, usually paid with cryptocurrency. Since it lies in the hope of selling it at a higher price to a willing buyer, the value of NFTs is heavily driven by sentiment and hype. This exposes sellers to the risk of price manipulation.

For instance, Twitter CEO Jack Dorsey created an NFT out of his first tweet and sold it for US$2.9 million in early 2021. Digital artist Beeple sold an NFT of his work for US$69 million, making him one of the most valuable living artists.

The utility of NFTs varies massively across the globe too. For example, there can be security tokens (to prove your identity) and even governance tokens (to indicate the right to vote). One can buy a NFT with crypto coins and NFTs can also represent a store of value, with some tokens worth more than others.

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In fact, NFT sales volume totalled US$24.9 billion in 2021, compared to just US$94.9 million the year before, according to market tracker DappRadar.

Despite the huge number of people turning to NFTs, financial experts warn that unlike traditional financial assets, there is little or no basis for the valuation of NFTs.

This is because the asset prices of NFTs are determined by demand and supply. Meanwhile, traditional financial assets have some kind of yield or value being created. For example, if you invest into stocks of a company, and it has a business model that is growing, the value of your investment will grow along with it as well.

NFTs do not have an underlying economic return based on economic activity of companies or countries. Their payoff structure is speculative and volatile: You can win astronomically but you can also lose everything, said Chuin Ting Weber, CEO of MoneyOwl, a bionic financial advisor.

As such, Weber recommends that millennials look into buying NFTs mainly as a bet or venture. This means keeping the invested amount small and only putting in only what you are prepared to lose.

Providing a similar analogy, Gavin Chia, Head of Managed Investments and Investment Advisory of Standard Chartered Bank Singapore, said: NFTs are a little bit more like buying a luxury car or watch, which is something that is sought after but doesnt actually create value or yield a return.

Financial experts warn that because NFTs are speculative in nature, the hope of attaining financial freedom through investing in NFTs is not a plan for financial success.

Regardless of ones age, speculative investing products should not dominate your investment portfolio, said Gregory Van, CEO of Endowus, a Singapore-based financial technology company.

It is crucial to build your core wealth through an investing strategy that is strategic to your goals and passive in asset allocation while being globally diversified and low in cost, he added.

Van also advised that millennials do their research and verify the information they find online before taking action, especially when it comes to riskier investments like NFTs.

While the Monetary Authority of Singapore currently doesn't regulate activities related to NFTs, it has reminded consumers that investments in digital tokens, including NFTs, are not suitable for retail investors, Senior Minister Tharman Shanmugaratnam said in a written reply to a parliamentary question on 15 February.

"For NFTs in particular, their perceived uniqueness, combined with speculative demand, has served to inflate prices. This potentially puts investors at risk of outsized losses should speculative fervour abate," said Tharman, who is also chairman of the Monetary Authority of Singapore. He noted there are significant legal complexities and risks involved in NFTs.

Despite the lack of regulation, some Singapore companies are quick to jump on the bandwagon.

Singaporean ride-hailing app, Ryde, launched its first NFT project in April this year. Called RydePals, the NFTs will give owners exclusive in-app rewards and benefits like discounted rides and cashbacks. The RydePals NFTs can also be traded on secondary NFT exchanges like OpenSea.

We want to deploy NFTs in a way that generates more real world value, especially for the rapidly growing market segment of Singaporeans who hold crypto, says Terence Zou, founder and chief executive of Ryde.

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Millennial Money: The good, bad and ugly of investing in NFTs - Yahoo

Its Economy Month, according to the White House. As summer kicks off, President Biden and his top aides will be blitzing America with data and reassurances meant to show the U.S. economy is strong, and likely to stay that way.

The messaging crusade began with a May 30 Wall Street Journal article bearing Bidens byline, explaining the presidents plan to fight inflation, which at 8.3% is uncomfortably high. Theres no new White House policy, but Biden wants voters to know hes on the case. His inflation agenda has three parts: 1. Let the Federal Reserve do its job of raising interest rates to bring inflation down. 2. Pass new laws that would lower costs for families. 3. Lower the federal deficit by raising business taxes and paying down debt.

Theres nothing inherently wrong with any of these ideas, but its kind of a nothingburger. The Fed will do its thing with or without encouragement from the White House. Congress seems very unlikely to pass any remnants of Bidens build back better legislation, which failed last year, because Democrats cant even agree among themselves what should be in it. That includes tax hikes that could generate revenue used to bring down the deficit, though deficits in themselves are not a principal cause of inflation.

Biden advisers such as Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo will be echoing Bidens points during coming weeks, trying to earn Biden some cred for an economy thats pretty solid, even with high inflation. Theres also an unstated agenda behind this messaging barrage. Heres what Biden hopes to accomplish:

U.S. Treasury Secretary Janet Yellen speaks as U.S. President Joe Biden holds a meeting with business leaders and CEOs about the debt limit at the White House in Washington, U.S., October 6, 2021. REUTERS/Kevin Lamarque

Distract people from high gas prices. The typical family spends less than 3% of its budget on gasoline, but high gas prices have an outsized effect on consumer psyches. When those two-foot-high signs at every gas station start with $4or worse, $5it continually reminds people something must be wrong. The average cost of gas in the United States is now above $4.60 per gallon, and prices will probably go higher as the new European embargo on Russia oil takes hold. Its very possible many Americans will be paying $5 per gallon or more by mid-summer.

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[Follow Rick Newman on Twitter, sign up for his newsletter or send in your thoughts.]

Thats bad news for millions of drivers, but this could happen at the same time other types of inflation are improving. Supply chain snafus seem to be easing. The microchip shortage is fading. Stimulus spending is largely over. These factors have been principal causes of inflation during the last 12 months, and as that inflationary pressure fades, cars, appliances, food and many other things should become more affordable. Biden wants people to notice those improvements rather than obsess over gas pain.

Get ahead of a slowdown. Few economists think the U.S. economy is heading for a recession any time soon. But job growth could slow considerably and there could be other signs of a cooldown. For one thing, thats exactly what the Federal Reserve is trying to accomplish by rapidly tightening monetary policytake some steam out of a hot economy so businesses and consumers cut back on spending, and receding demand brings inflation down. The runout of stimulus money could have a similar effect, since theres no more free money for people to spend on things they may not have bought without it.

Biden referred to this coming slowdown in his Journal piece, saying monthly job creation could fall from the current 12-month average of 552,000 new jobs per month to around 150,000 per month. That lower job growth number would be consistent with a low unemployment rate and a healthy economy, Biden said. Hes right about that, even though it might look like a sign of impending recession if job creation falls by 75%. Half-a-million new jobs per month isnt sustainable, and Biden is trying to preempt the inevitable Republican attacks when job growth returns to normal levels.

Senator Joe Manchin (D-WV) points towards an exit at the United States Capitol building in Washington, U.S., May 26, 2022. REUTERS/Evelyn Hockstein

Make nice with Joe Manchin. Paying down the $30.4 trillion national debt has only become a Biden priority recently. Thats probably because Democratic Sen. Joe Manchin of West Virginia, who killed Bidens BBB legislation last year by saying he wouldnt vote for it, says hell only support tax hikes on businesses if some new revenue goes toward lowering the amount of government borrowing. While unlikely, theres still a small chance Democrats could pass tax hikes and green-energy legislation this year. It will take every Democratic vote in the Senate, since Dems only have a one-vote majority. So Biden may be happy to woo Manchin with promises of debt reduction. Like everybody else in Washington, Biden certainly knows his fellow Dems are likely to lose one or both houses of Congress in the November midterm elections, meaning the next few months could be the last shot Biden has at getting any of his favored legislation passed.

Vilify Republicans. The out-of-power party is likely to have a strong showing in November simply because inflation is high and Bidens popularity is low. Republicans dont have to win over voters with a strong set of policies contrary to Bidens, or prove theyd do better than he has. They just need to avoid disaster and let the familiar ebb of midterm politics, which normally punishes the presidents party, lift them back to power.

Biden is trying to remind voters that some Republicans back unpopular ideas. He refers often to a plan by Sen. Rick Scott of Florida that would require all Americans to pay at least a small amount of income tax, which would be a de facto tax hike on millions of lower-income workers. Theres no chance a Republican-controlled Congress would pass such a plan, but that doesnt stop Biden from drawing attention to it. Biden also reminds voters from time to time that his predecessor, Donald Trump, pressured the Federal Reserve to keep interest rates low and pursued other fairly extremist goals. Trump isnt running in 2022, but he has endorsed many candidates who are, and Biden wants voters to know theyre flirting with a return to Trumpist government. If that comes with cheap gas, maybe voters would take it.

Rick Newman is the author of four books, including Rebounders: How Winners Pivot from Setback to Success. Follow him on Twitter: @rickjnewman.

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What Biden is really saying about the economy - Yahoo Finance

Michael Burry the hedge fund manager depicted by Christian Bale in The Big Short has been aggressively investing during this market downturn.

Burrys latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. Thats a significant shift from the previous quarter when Burry was selling most of his stock portfolio and calling for the mother of all crashes.

Hes not exactly bullish on the overall market.

"As I said about 2008, it is like watching a plane crash," Burry wrote last week in a since-deleted tweet. "It hurts, it is not fun, and I'm not smiling."

But the man who shorted the U.S. housing market and won clearly sees pockets of opportunities.

Heres a look at his latest moves.

Burrys bet on big tech is clearly noteworthy.

Tech and growth stocks have been out of favor for nearly half a year. Adding these two stocks to the portfolio for the first time is a contrarian move. Burrys portfolio now includes 6,500 shares of Google parent Alphabet Inc. and 80,000 shares of Meta Platforms Inc., the parent company of Facebook. Theyre his fourth- and sixth-largest holdings, respectively.

The move could be seen as a vote of confidence in digital advertising. It could also be a signal of undervaluation. Both stocks are trading at roughly 20 and 24 times earnings per share.

Travel website Booking.com is now the second-largest holding in Burrys Scion Asset Management portfolio. He bought 8,000 shares of the company in the first quarter.

Booking stock is trading at a price-to-free cash flow ratio of 21. That means the free cash flow yield is as high as 4.7%. As international borders reopen and lockdowns ease, Booking could be an ideal bet on the rebound of global travel.

Burry bought plenty of tech stocks this quarter, but that shouldnt suggest that hes optimistic about the whole sector. Hidden in the 13F filing was an enormous short bet against Apple.

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He reported 206,000 put options on Apple shares as of the end of Q1. The notional value of this bet is roughly $28 million. However, the actual cost could be much lower given how option premiums are priced.

Nevertheless, its surprising that one of the worlds most famous short-sellers is targeting one of the worlds most valuable companies. Apple has lost about 18% of its value year to date. Supply chain disruptions in China coupled with weakening consumer buying power could impact Apple in the near term.

The stock is also trading at a relatively high valuation. Apple shares trade at a price-to-earnings ratio of 24 significantly higher than the historic average of 15.

Media giant Warner Brothers Discovery is now the third-largest holding in Burrys portfolio. He added 750,000 shares in the first quarter.

The merger of Discovery and Warner Media has created a global content juggernaut. This conglomerate holds rights to iconic characters including Batman, sports channels in Europe, HBO, and CNN.

The stock is down about 27% because of concerns about debt and the competitive landscape for online streaming. However, the company expects to generate $3.65 in free cash flow per share by next year, which would imply a 20% FCF yield at the current market value.

This could be why Burry made such a big bet on it.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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It is like watching a plane crash Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks - Yahoo...

Did markets hit a turning point? The past couple of months brought us a seven-week losing streak in stocks, the longest such streak in over a decade, but the week before the Memorial Day holiday weekend saw strong gains. The S&P 500 wiped out its May losses. Post-holiday trading shows that some of these gains are continuing.

If so, then it makes this the ideal time to buy the dip, to get in while stocks remain at low cost, with attractive entry points. Thats the view from investment firm JPMorgan, where Dubravko Lakos-Bujas of the equity macro research group tries to bring some clarity from the overall situation. Lakos-Bujas points out that certain sectors notably small-caps, defensive stocks, and biotechs are likely to benefit most from this dynamic, and writes, Biotech is one of the most attractive on valuation while Pharma is also trading at cheapest level in a decade.

These are bright spots in an otherwise dark picture, but they do point to a way forward for investors willing to shoulder the risk. The stock analysts at JPM are following that path, finding stocks in Lakos-Bujas favored sectors that feature cheap valuations. Weve opened up the TipRanks database to pull up the details on two such picks; heres a closer look.

Penumbra (PEN)

Stroke, aneurysms, and embolisms are dangerous conditions with a common denominator: damage or blockage of the vascular system. Penumbra is a medical device company specializing in this field, offering a line of devices for the treatment of strokes and other vascular-related conditions. The companys devices are used in the treatment of acute ischemic stroke, brain aneurysms, and deep vein thrombosis, among others.

Penumbras leading device is the Indigo Aspiration System, for use in vascular thrombectomy. Indigo is described as having had a significant impact on its US patient base; the device is designed to remove blood clots in the peripheral arterial and venous systems, and to treat pulmonary embolisms, with minimal bleeding and blood loss.

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The company announced in April that the Indigo system has now been launched in Europe. The opening of a European market is an important expansion for Penumbra. Currently the companys US base accounts for 71% of total revenue. That top line reached $203.9 million in 1Q22, a gain of 20% over the year-ago total. Sales of vascular products accounted for $122.8 million of the total, while the companys neuro products used in treating the vascular system of the head and brain brought in $81.1 million. Penumbra is preparing release of its latest system, Thunderbolt, which is expected next year.

Analyst Robbie Marcus, covering PEN for JPMorgan, sees reason for optimism on this stock. He writes, We feel incrementally more positive on the longer-term outlook given the strong early reception for Thunderbolt and progress made building out the Real VR platform, and see a high probability of accelerating growth in 2023. Along with healthy trends in Peripheral, we think this all supports an attractive long-term growth outlook... We view todays valuation as an attractive entry point into a multi-year growth story driven by leadership in a diverse set of highly attractive end markets.

Everything that PEN has going for it prompted Marcus to rate the stock an Overweight (i.e. Buy). The cherry on top? His $245 price target implies ~74% upside from current levels. (To watch Marcus track record, click here)

Overall, this medical device firm has picked up 6 reviews from the Wall Street analysts in recent weeks, and these include 5 Buys against a single Hold for a Strong Buy consensus rating. The shares are priced at $140 and their $250.40 average price target suggests a one-year upside of 78%. (See PEN stock forecast on TipRanks)

Rocket Pharmaceuticals (RCKT)

From medical devices well move on to the cutting edge of biopharma tech, gene therapy, and look at Rocket Pharmaceuticals. This clinical-stage firm is a leader in the gene therapy field, developing novel treatments for severe disease conditions with high unmet medical needs. Gene therapies adapt various viruses as delivery systems to insert genetic information directly into disease-affected cells, altering the condition at the genetic and molecular levels. These therapies offer the potential to cure, and not just to treat, the targeted diseases.

Rocket has an active research program, featuring gene therapies that target several pediatric conditions and terminal cancers, such as Danon Disease, Fanconi Anemia, Leukocyte Adhesion Deficiency (LAD-I), and Pyruvate Kinase Deficiency (PKD). Rockets research program uses both associated viral vector (AAV) andlentiviralvector (LVV)platforms to deliver the therapeutic agents.

Rocket has four programs currently undergoing human clinical trials. The most advanced of these is the LAD-I track, studying drug candidate RP-L201. In May, Rocket presented top line data from the Phase 2 pivotal trial, showing that RP-L201 was well-tolerated by all patients in the trial and demonstrated a 100% survival rate one year after the drug infusion. All patients showed a clinical reversal of the disease course. Based on these findings, Rocket is planning to continue with regulatory filings in 1H23.

Also in May, Rocket released updates on its other three clinical tracks. RP-L102, a treatment for Fanconi Anemia, is at the Phase 2 pivotal stage and the clinical trial is underway. Top line data is expected for release in 3Q22. RP-A501, a treatment for Danon Disease, is also undergoing an active clinical trial, at Phase 1. The company is on schedule to release the pediatric patient cohort data during the third quarter of this year, and to initiate the pivotal Phase 2 trial in Q4. Finally, the PKD track, for RP-L301 in the treatment of Pyruvate Kinase Deficiency, is also progressing as anticipated. This trial is expected to release preliminary Phase 1 data during 4Q22, and at the same time to initiate activity in a Phase 2 pivotal trial.

All of this gives Rocket Pharmaceuticals an enviable position for any biopharma researcher: these many shots on goal provide plenty of potential for the company to deliver, even in a field as difficult as biopharmaceuticals.

JPMorgan analyst Eric Joseph looked under the hood of RP-L201 and wrote: RP-L201 treated patients also showed a significant reduction in prolonged hospitalization or severe infections relative to pre-treatment event rates, amounting to a meaningful improvement in their disease prognosis. There were no surprises on safety, with an overall well-tolerated profile consistent with earlier updates, seeing this drug candidate as the main driver for the company.

Joseph went on to add, about Rockets overall position: Along these lines, in view of multiple clinical readouts on track within 2022, including Danon pediatric efficacy data in 3Q22, we see current share levels as an attractive entry point to capture longer-term pipeline potential.

This reinforces the analyst's view that Rocket is a stock to "buy," and worth a $67 target price. At current levels, this target suggests a robust 462% upside for the coming year. (To watch Josephs track record, click here)

Some companies show a singularly strong outlook, and that can be seen when Wall Streets analysts who dont always agree come down unanimously in favor of a stock. RCKT has 9 recent positive analyst reviews, for a Strong Buy consensus rating. The shares are selling for $12.01 and have an average price target of $64.40, indicating a 12-month upside potential of 436%. (See RCKT stock forecast on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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J.P. Morgan Sees an Attractive Entry Point in These 2 Stocks - Yahoo Finance

NASCAR marked the start of Pride Month on Wednesday by admitting that its recent actions had not been in line with the sanctioning bodys public efforts for better diversity and inclusion.

Texas Gov. Greg Abbott (R) waved the green flag ahead of the May 22 All-Star Race at Texas Motor Speedway. In February, Abbott called for state agencies to investigate gender-affirming treatments on transgender teenagers. Abbotts calls for investigations came after Texas Attorney General Ken Paxton (R) said that gender-affirming treatments for minors could be considered child abuse.

NASCAR did not directly address Abbotts presence at the race in its tweet celebrating the start of Pride Month. But it wasnt hard to see how the tweet could be referring to Abbotts role in pre-race ceremonies, especially as a reporter for the Associated Press tweeted that Abbott's presence at the track had been acknowledged as a mistake.

The sanctioning body has made public efforts to broaden its reach among fans and participants since the social justice protests in the summer of 2020. NASCAR admitted in the wake of George Floyds death that it could have done more to stop systemic racial injustice.

Abbotts presence in the pre-race ceremonies was also against a pledge that NASCAR president Steve Phelps made in February. When Phelps was asked about a now-defunct political cryptocurrency that attempted to sponsor a lower-series car earlier this season, Phelps said that NASCAR did not want to associate ourselves with politics, the left or the right.

The pledge to be apolitical came after NASCAR has been friendly grounds for Republican politicians for decades. Former President Donald Trump spoke ahead of the 2020 Daytona 500 and his presidential limousine led the field on the pace laps before the green flag.

But that was months before the COVID-19 pandemic and the protests after Floyd's death. NASCAR addressed Pride Month for the first time on its Twitter account in June of 2020 and has formed partnerships with LGBTQ groups You Can Play and the Trevor Project in the last two years.

FORT WORTH, TEXAS - MAY 22: Greg Abbott, governor of Texas waves the green flag to start the NASCAR Cup Series All-Star Race at Texas Motor Speedway on May 22, 2022 in Fort Worth, Texas. (Photo by Chris Graythen/Getty Images)

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Days after Greg Abbott's All-Star Race role, NASCAR says 'recent actions' haven't fulfilled mission to be more welcoming - Yahoo Sports

Jeremy Grantham warns the S&P 500 will likely plunge another 40% minimum here are 3 shockproof stocks in his portfolio to help limit the pain

With stocks pulling back substantially from earlier highs, some say that the market could reach a bottom soon. But according to legendary investor Jeremy Grantham, thats not going to be the case.

In a recent interview with CNBC, Grantham predicts that the market tumble is far from being done.

The other day, we were down 19.9% on the S&P 500, and about 27% on the Nasdaq. At a minimum, we are likely to do twice that. If we're unlucky which is quite possible we would do three legs like that, he says.

Thats a scary picture. A lot of stocks are already in correction territory. If the market continues to plunge, many investors portfolios will be deep in the red.

We should be in some sort of recession fairly quickly, and profit margins from a real peak have a long way that they can decline.

Grantham is the co-founder and investment chief at asset management firm Grantham, Mayo, & van Otterloo. Given his gloomy forecast, lets take a look at a few safe haven stocks in GMOs portfolio.

Coca-Cola is a classic example of a recession-resistant business. Whether the economy is booming or struggling, a can of Coke is affordable for most people.

The companys entrenched market position, massive scale, and portfolio of iconic brands including names like Sprite, Fresca, Dasani and Smartwater give it plenty of pricing power.

Add solid geographic diversification its products are sold in more than 200 countries and territories around the globe and its clear that Coca-Cola can thrive through thick and thin. After all, the company went public more than 100 years ago.

More impressively, Coca-Cola has increased its dividend for 60 consecutive years. The stock currently yields 2.7%.

According to GMOs latest 13F filing to the SEC, the asset manager owned 9.41 million shares of Coca-Cola at the end of March, valued at $583.5 million.

With deeply entrenched positions in consumer health, pharmaceuticals and medical devices markets, healthcare giant Johnson & Johnson has delivered consistent returns to investors throughout economic cycles.

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Many of the companys consumer health brands such as Tylenol, Band-Aid, and Listerine are household names. In total, JNJ has 29 products each capable of generating over $1 billion in annual sales.

Not only does Johnson & Johnson post recurring annual profits, but it also grows them consistently: Over the past 20 years, Johnson & Johnsons adjusted earnings have increased at an average annual rate of 8%.

The stock has been trending up for decades. And it is demonstrating its resilience again in 2022: While the broad market has declined quite a bit, JNJ is up 2.7% year to date.

JNJ announced its 60th consecutive annual dividend increase in April and now yields 2.6%.

As of Mar. 31, GMO held 2.58 million shares of JNJ, worth approximately $457.2 million at the time.

Rounding out the list is U.S. Bancorp, the parent company of U.S. bank and one of the largest banking institutions in the country.

The banking industry isnt quite as shockproof as consumer staples or healthcare. But interest rates are on the rise, and that could serve as a tailwind for banks.

Banks lend money out at higher interest rates than they borrow, pocketing the difference. As interest rates increase, the spread earned by banks widens.

To tame spiking inflation, the Fed raised its benchmark interest rates by 50 basis points on May 4, marking the first half-point increase since 2000. Similar moves are expected to occur at the Feds upcoming meetings in June and July.

U.S. Bancorp has a strong focus on asset quality. In Q1, net loan charge-offs declined 52% year over year.

Last summer, the bank increased its quarterly cash dividend from 42 cents to 46 cents per share. At the current share price, the company yields a generous 3.5%.

At the end of March, Granthams asset management firm owned $520.5 million worth of U.S. Bancorp.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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Jeremy Grantham warns the S&P 500 will likely plunge another 40% minimum here are 3 shockproof stocks in his portfolio to help limit the pain - Yahoo...

The westward journey away from war and toward the 2022 World Cup began early on a Saturday morning in Kyiv. It had been two months since the bombs started falling and the sirens started wailing; since windows shattered and some Ukrainian soccer players sheltered on garage floors. They feared the Russian missiles that seemed to strike incessantly. They huddled in basements, under blankets. They pleaded for peace, then fled for safety, their minds as far as could be from the sport that once paced their lives.

But on April 30, a bus departed Ukrainian soccer headquarters around 8 a.m. It snaked across a devastated country, then through a tranquil one. Some 37 hours later, coaches and players arrived in the Slovenian Alps, where the entire Ukraine mens national team has since gathered.

Their minds often wander from their improbable quest, to the Russian invasion and the heroes repelling it, but every day, they receive messages from frontline fighters who have only one demand, midfielder Taras Stepanenko said.

"Please, soldiers tell players, do everything you can to go to the World Cup."

They are, after a rousing win over Scotland on Wednesday, 90 minutes away from qualifying. They must beat Wales in a playoff final on Sunday (noon ET, ESPN2) to reach the global sports biggest stage. If they do, theyd arrive in Qatar as inspirational ambassadors of a sovereign nation, and emblems of a distinct Ukrainian culture, the very two things that Vladimir Putin wants to erase. With hundreds of millions watching, theyd meet the United States on the tournaments opening day, and embody Ukrainian resilience.

To prepare, with the Ukrainian Premier League indefinitely shuttered, they trekked to Brdo, Slovenias national soccer center just outside Ljubljana. They trained on pristine pitches surrounded by idyllic greenery. Rolling mountains met thick clouds on the horizon. There were no thunderous blasts or wailing sirens there. Only chirping birds and distant church bells broke the serenity.

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But when their eyes fluttered open at the Elegans Hotel each morning, players worried. They saw, and still the harrowing images. They hear from relatives, and sense their nations pain. So they feel a responsibility a burden, but likewise an opportunity to give millions of ailing countrymen hope.

Thats why we have to play not only like a football game, Stepanenko said. We have to play with our soul, with our heart.

We know why we are going to the national team, said Oleksandr Karavayev, a Dynamo Kyiv midfielder and native of besieged southern city Kherson. Just as our soldiers are defending our country, we will give our all on the soccer field. That's the best thing we can do."

Ukraine is playing for so much more this week than a berth in the FIFA men's World Cup. (Photo by INA FASSBENDER/AFP via Getty Images)

Explosions jolted Stepanenko awake on the morning of Feb. 24, two days before Shakhtar Donetsk, his longtime club, was supposed to resume its season. The 32-year-old hustled his wife and three sons down to their basement. As Kyiv shook, all across the capital city, dozens of teammates sought similar shelter. Serhiy Sydorchuk, the Dynamo Kyiv captain, ushered his young children underground and into the trunk of a car. His then-pregnant wife slept on the floor.

They spent the early days of Russias assault in hiding. Across Europe, their Ukrainian teammates at foreign clubs felt concern, helplessness and rage but also pride. Benficas Roman Yaremchuk and Atalantas Ruslan Malinovskyi scored goals that week, and revealed undershirts with patriotic and pacifist messages. Manchester Citys Oleksandr Zinchenko stood front and center at an anti-war protest in England. He also posted a photo of Putin on social media with a caption that translated roughly to: I hope you die the most painful, suffering death.

My country belongs to Ukrainians and no one will ever be able to appropriate it, Zinchenko wrote in his native language. We will not give up! Glory to Ukraine.

For years, such fervent messages were rare among top Ukrainian soccer players. They largely steered clear of politics, and maybe wouldn't have discussed Russias occupation of eastern Ukraine, says Andrew Todos, a British-Ukrainian podcaster and blogger. They didn't want to make any conflicts.

But in February, as Russian troops amassed and then attacked, patriotism surged. Players called for resistance and sanctions, including a ban on all Russian athletes from international sport. They posted impassioned rallying cries and reasoned pleas to fellow players for support. When Anatoliy Tymoshchuk, a legendary former Ukraine captain, refused to speak up, former teammates shunned him and the Ukrainian Association of Football wiped him from its record books.

Amid this nationalistic surge, Todos says, the national team has taken on a completely new meaning. And players have embraced it.

Ukrainian midfielder Ruslan Malinovskyi, who plays for Atalanta in Serie A, made a statement during a goal celebration earlier this season. (Photo by PANAYOTIS TZAMAROS/In Time Sports/AFP via Getty Images)

With Ukraines west and neighboring countries offering safety, and with the World Cup qualifying playoff postponed from March to June, they resumed club or individual training by April. The government granted exemptions to its martial law, which requires most able-bodied men aged 18-60 to remain in the country. Dynamo Kyiv and Shakhtar, Ukraines two most powerful clubs, embarked on peace tours across Europe, funneling funds from charity matches to humanitarian aid and the Ukrainian military.

The national team, meanwhile, worked with Aleksander Ceferin, European soccers top official, to arrange the training camp in Ceferins native Slovenia. And long before players arrived in early May, they understood the significance of their mission.

"It's very difficult to smile now, goalkeeper Heorhiy Bushchan said in April. But the guys and I will do everything to see a smile on the faces of millions of Ukrainians.

The bus rumbled past gas stations overflowing with cars, through towns physically unharmed but emotionally shaken. It scooped up players in Lviv and Uzhhorod, then crossed the border into Hungary, and thats when Oleksandr Petrakov, Ukraines 64-year-old head coach, felt a calm reminiscent of pre-war life.

His life throughout May, however, was anything but normal. He has had to concoct and sharpen a team that hadnt convened since November. Sixteen of his 26 players havent played in an official game since the Ukrainian league paused for its annual winter break on Dec. 12. The players, Petrakov said last month, are completely deprived of match practice.

But they were far better than Scotland on Wednesday. On paper, Todos believes, they are better than Wales, too. The squad comprises members of the under-20 team that won its 2019 World Cup, and the senior team that reached the quarterfinals of Euro 2020 last summer. The team represents Dynamo and Shakhtar, but also top clubs in England, Italy, Portugal and Spain. Left back Vitaliy Mykolenko recently starred for Everton in a Premier League relegation scrap. Shakhtars Mykhaylo Mudryk, dubbed the Ukrainian Neymar, is the 21-year-old Next Big Thing.

Of course, there are intangibles, circumstances that overwhelmed Zinchenko after he helped propel Man City to an English title. He draped a Ukrainian flag over the trophy, and felt his eyes fill with tears.

I was thinking about those people who, unfortunately, have already died, he said. And those who are currently surviving in incredibly difficult conditions.

The entire team is thinking about them. In between workouts, leading into the playoff semifinal, players endured agonizing waits for news from home. Karavayev, the Kherson native, has relatives living under Russian occupation. Yaremchuk, the starting striker, has many friends who are now at the forefront, and parents he speaks to for almost half an hour whenever he can. They all followed the Battle of Azovstal, and watched in horror as Russian forces seized Mariupol. Some have coordinated medical supply shipments, and lent support to soldiers embroiled in battle.

But they also get support in return. They know their duty is to fight a different type of battle on Sunday in Cardiff, just as they did Wednesday in Glasgow.

All the Ukrainian people are waiting for the victory of the national team, midfielder Mykola Shaparenko said last month. So we will try not to let them down.

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Amid war and upheaval, Ukraine is on precipice of World Cup - Yahoo Sports

As Netflix (NFLX) grapples with company-wide layoffs and slowing subscriber growth, there's been increased talk when it comes to the streamer's complicated relationship with the box office and what it could look like moving forward.

National Association of Theatre Owners (NATO) CEO and president John Fithian told Yahoo Finance that theaters would happily welcome more streaming content on the big screen, despite exhibitors' strained history with the streaming boom at large.

"The door is open to Netflix to play more movies with the right kind of exclusive windows [and] with a broader reach. They've got some great movies," Fithian said during an interview with Yahoo Finance Live (video above.)

"[Netflix CEO] Ted Sarandos knows his content, and we'd love to play more of them wider in theaters if we could," the CEO added, underscoring his confidence in the industry after its record-breaking "Top Gun: Maverick" success.

National Association of Theatre Owners (NATO) CEO and president John Fithian told Yahoo Finance that theaters would happily welcome more streaming content from Netflix, Apple TV+, and others on the big screen

Although Netflix has played multiple original features in theaters, from 2018 breakout hit "Roma" to the more recent "The Irishman" and "Don't Look Up," those debuts had very short theatrical windows with a much more limited release.

Today, as Netflix stock struggles to rebound trading at about $197 a share and down more than 66% year-to-date investors have questioned the longevity of the Netflix business model.

"It's time for Netflix to be a real company," Jon Christian, founding partner at OnPrem, a global technology firm that works with major entertainment networks to drive content performance, previously told Yahoo Finance.

"[Netflix] has to be smart," the executive said, explaining that the risk-reward model from years past is no longer relevant without the box office tie-in.

Christian suggested that the streaming company shift its focus to franchise businesses a strategy that's easily transferrable to the big screen.

Theatrical "gives you a window where you can make a lot of money on top of your subscriptions that could even pay your cost of some of these franchise tentpole titles."

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"With franchise comes fandom," he continued, citing Amazon Prime Video's (AMZN) upcoming "The Lord of the Rings: The Rings of Power" series (which the streamer coughed up a reported $465 million to produce), in addition to Disney+'s (DIS) powerful Marvel and Stars Wars franchises.

Theater chains could also benefit from big streaming releases as labor challenges, supply chain disruptions and inflationary pressures remain top concerns for owners.

On Tuesday, The Wall Street Journal reported that cinema popcorn and other standard concession stand products crucial revenue drivers for chains could be hard to come by this summer due to various supply shortages.

"Labor is a challenge to anybody in the service industry right now and supply chain challenges are affecting everyone," Fithian admitted; however, the CEO noted that theaters are leaning on their recession-proof nature to battle the storm.

"People like to come out to the movies during difficult economic times because it's affordable," Fithian explained, noting that the theatrical experience is significantly cheaper than other forms of out-of-the-home entertainment such as vacations or live sporting events.

Even with more premium ticketing, the CEO sees a continued uptick in sales, despite the current inflationary environment.

"What we advocate for and what we're seeing is a range of choices at the box office," the executive said, referencing the pricer IMAX (IMAX) experience, along with the cheaper standard outing or matinee.

Overall, "movie theaters do better during recessions than almost any other form of entertainment outside of the home."

"These are all economic challenges that everyone is facing. The difference is that movie theaters thrive during economic challenges," he stated.

Alexandra is a Senior Entertainment and Food Reporter at Yahoo Finance. Follow her on Twitter @alliecanal8193 and email her at alexandra.canal@yahoofinance.com

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'The door is open' for Netflix to expand box office reach, says theater owners' chief - Yahoo Finance