How to phase out Biden-era green energy tax credits is emerging as a key flashpoint among Senate Republicans as they seek to advance their version of the “big, beautiful bill.”
The Senate is taking an approach to the credits for climate friendly energy that is less aggressive than the House but still represents a major rollback of the incentives.
Members who have opposed a full repeal of the credits have signaled that the upper chamber’s approach still goes too far. But Sen. Josh Hawley (R-Mo.) has emerged as a leading voice calling for the subsidies to be phased out more quickly.
Hawley told reporters this week that solar tax credits cost “a gob of money.”
“Funding the Green New Deal is like the least conservative thing I could think of to do,” he said.
The dynamic sets up a difficult task for leadership, as President Trump has said he hopes to sign the legislation by July 4. The discord also comes amid similar policy differences on Medicaid and federal tax deductions in areas with high state and local taxes.
While Hawley, who opposes Medicaid cuts pressed by the right, says the green subsidies should be reduced, lawmakers who have called for leniency said they generally approve of the current approach — but they’d like to see further changes.
“I think that Sen. [Mike] Crapo did a really good job, but there’s more work to be done,” Sen. John Curtis (R-Utah) told The Hill, referring to the Idaho Republican chair of the Senate Finance Committee. Curtis declined to elaborate.
Sen. Thom Tillis (R-N.C.) — who, like Curtis, has called for a “targeted, pragmatic approach” toward the tax credits and not a “full repeal” — told reporters he was generally pleased with what Senate leaders came up with.
“They’ve moved substantially in the right direction,” Tillis, who faces a closely watched reelection race next year, said Wednesday.
He added that he expected to see “a few more adjustments,” particularly in terms of restrictions on energy projects’ reliance on China.
Meanwhile, West Virginia Sen. Shelley Moore Capito (R) said she’s pushing for more flexibility for tax credits for hydrogen energy.
Capito, whose state is home to one of several “hydrogen hubs” set up under the Biden administration, told The Hill on Wednesday that she’s wants to “push the dates back” since the bill would require projects to be under construction by the end of this year to qualify for the credit.
“That’s a pretty tight timeline,” she said. “I’m trying to get the date pushed back. I don’t know if I’ll be successful.”
However, she also said that she’s not willing to torpedo the entire bill over the issue.
“It’s not a hard line for me, but I’m not the only one who has an interest in this,” she said.
The disagreements emerging within the Senate GOP come on top of an impending clash with the House, where the conservative Freedom Caucus says it will not accept changes that water down the House-passed cuts to the tax credits.
The House version included provisions that were expected to kneecap access to some credits, particularly for wind and solar, such as language saying projects could only be eligible if they began construction within 60 days of the bill’s enactment.
The Senate version removed this provision and some others passed by the House, generating pushback among some hard-line conservatives.
“They either fix it or they don’t have my vote,” Rep. Chip Roy (R-Texas) told reporters this week. “The president rightly campaigned on terminating the Green New Scam subsidies. It’s destroying our grid. It’s subsidizing China.”
In the House, a contingent of moderate members were also pushing for leniency on the tax credits, but most of them still lined up to vote for the bill’s more dramatic cuts. It’s not clear which faction will win out in the Senate.
The 2022 Inflation Reduction Act passed by Democrats included hundreds of billions of dollars’ worth of tax incentives for climate friendly energy sources including wind, solar and nuclear energy, as well as emerging technologies such as hydrogen and carbon capture.
Republicans have set out the goal to repeal these credits — partly as a pay-for for tax cuts and partly due to ideological opposition to them.
Democrats have warned that axing the credits would undermine the fight against climate change, contributing more greenhouse gases to a dangerously warming planet. And they argue that fewer renewables on the grid means higher energy prices.
The bosses in Elden Ring Nightreign are already pretty tough. But if you’ve gotten good and need a harder challenge, you’ll be able to take on “Everdark Sovereigns,” which are more difficult versions of the game’s Nightlord foes you face to conclude a run.
“These limited-time versions of the Nightlords are extremely challenging and pose an even greater threat to the Nightfarers with new moves and increased power,” according to a blog post from Bandai Namco.
The first Everdark Sovereign you can fight is a new version of Adel, Baron of the Night, aka Gaping Jaw. If you’ve beaten the normal version of that boss, you’ll be able to take on the new form. When you beat an Everdark Sovereign, you’ll get “Sovereign Sigils,” which you can exchange for “special Relics and other items.”
There are a couple caveats to be aware of. You can only fight Everdark Sovereigns while playing online. And Everdark Sovereigns will only be available for a limited time — the upgraded Gaping Jaw, for example, will stick around until June 25th at 8:59 PM ET.
Bandai Namco says a new Everdark Sovereign will be added every week, and over the “next few weeks,” Everdark versions of Sentient Pest and Darkdrift Knight will be added to the game. Other Everdark bosses will be added “at a later date.” Based on the blog post, it seems like Everdark variations will eventually return after they’ve disappeared.
At some point, the game will also get DLC that adds new playable characters and bosses. An Elden Ring movie is in the works, too.
In every sport, there are hallowed records, dubious records and records that are seemingly unbreakable.
College football has evolved greatly over the years — everything from rules changes and style of play to the number of games in a season — but there are some records and accomplishments that have stood the test of time.
Some good, some not so good.
We’ve examined the past 75 years in college football, tracing back to the 1950 season, and have ranked the 10 most “unbreakable” records in the sport, listing them in order of least likely to be topped. We also dug up some of the more obscure accomplishments (and failures) during that period.
Again, we’re only considering play since 1950, so iconic records such as Tennessee going the entire 1939 regular season unbeaten, untied and unscored upon under then-Major Robert Neyland, or Georgia Tech’s 222-point margin of victory over Cumberland in 1916 are not on our list.
Undoubtedly, you’ll let us know if we missed anything.
1. Oklahoma’s 47-game winning streak
When surveying the most dominant college football machines in history, the conversation begins and ends with the Bud Wilkinson-led Oklahoma teams of the 1950s. The Sooners bulldozed their way to 47 consecutive wins, a streak that began in 1953 and lasted most of five seasons, producing back-to-back national championships in 1955 and 1956. Oklahoma held its opponents to single digits in 35 of the 47 wins and recorded 22 shutouts.
Unranked Notre Dame, a 19-point underdog, ended the streak on Nov. 16, 1957, with a 7-0 victory in Norman. The Irish scored the winning touchdown inside the final four minutes on a fourth-and-goal play from the 3-yard line, then intercepted a pass in their own end zone in the final seconds to seal the upset, leaving the home crowd stunned. Many of the fans sat in the stands for nearly 30 minutes trying to process the unthinkable: an OU loss.
Nearly 70 years later, nobody has come close to that streak. Toledo won 35 straight from 1969 to 1971. Miami (2000-02) and USC (2003-05) each won 34 in a row. Even those star-studded Georgia teams under Kirby Smart failed to seriously challenge the mark. The Bulldogs won 29 in a row during their run to back-to-back national championships in 2021 and 2022.
With the College Football Playoff era upon us and teams having to play as many as four postseason games to win the national title, not to mention conference championship games, it’s difficult to imagine a team going what would amount to three straight seasons unscathed. This is a record teams will be chasing for a long time, maybe forever.
2. Barry Sanders’ magical season
One of the most electrifying players in the history of the sport, Barry Sanders put up dizzying numbers in 1988, his junior season at Oklahoma State.
Yes, his single-season NCAA record of 2,628 rushing yards was challenged last season by Boise State’s Ashton Jeanty (2,601 yards), but there’s a catch. Sanders’ total came in just 11 games, while Jeanty played in 14. What’s more, bowl statistics didn’t count when Sanders was playing, and he had an additional 222 yards against Wyoming in the Holiday Bowl. So if those yards are added, Sanders’ total jumps to 2,850.
What seems untouchable is Sanders’ NCAA record of 238.9 rushing yards per game. For perspective, Jeanty averaged 185.8 yards last season. In fact, only two other running backs in major college football history have averaged 200 rushing yards per game in a season, USC’s Marcus Allen in 1981 (212.9) and Cornell’s Ed Marinaro (209) in 1971. Sanders had four 300-yard games in 1988, and counting the bowl game, rushed for 43 touchdowns.
3. Florida State’s top-5 finishes
For all the late Bobby Bowden accomplished during his Hall of Fame career, his remarkable consistency could be the most impressive thing. His Florida State teams finished in the top five of every final AP poll from 1987 to 2000, an amazing run no matter the era.
Bowden finished his legendary 34-year career at FSU with two national championships (and could have won a few more had it not been for those dreaded missed field goals against Miami), and more importantly, he put Florida State football on the map.
Think about it: Fourteen straight top-five finishes. Pete Carroll had some dominant teams at USC, and the Trojans’ longest streak was seven straight top-five finishes (2002-08). The same is true for Oklahoma under Wilkinson (1952-58). And while Alabama won six national titles under Nick Saban, his longest run of top-five seasons was five in a row (2014-18).
4. Oklahoma’s wishbone onslaught
If an offense is rushing for more than 250 yards per game today (there were four in 2024), that’s considered a punishing running attack. In 1971, with Barry Switzer as offensive coordinator, Oklahoma averaged a staggering 472.4 rushing yards per game.
The Sooners had installed the wishbone the year before, and nobody could slow them down. They averaged 45 points per game and lost only once, to eventual national champion Nebraska 35-31 in what was billed as the “Game of the Century.” Even in that loss, Oklahoma rushed for 279 yards.
The last team to come within 50 yards of the Sooners’ record was the 1987 Oklahoma team, which averaged 428.8 yards per game. No team in the past 30 years has reached even 400 yards. Even triple-option teams haven’t come close. Army was first nationally in rushing last season, averaging 300.5 yards per game.
5. Throwing it to the wrong team
Not all records are enshrined in trophy cases. Florida quarterback John Reaves threw an NCAA-record nine interceptions (on 66 passing attempts) in a 38-12 loss to Auburn in 1969. Reaves was a prolific passer and put up better career numbers than Gators Heisman Trophy winner Steve Spurrier, but Florida’s only loss of the 1969 season was “one of those days.”
When Reaves left Florida in 1971, he was college football’s all-time leading passer with 7,549 yards, and he was selected in the first round of the NFL draft. Reaves died in 2017 at the age of 67. He joked years after that forgettable game that the “safeties were the only guys who were open that day.” In this age of college football, any coach who kept a quarterback in a game long enough to throw nine interceptions probably would be looking for a new job the next week.
6. Derrick Thomas’ sack parade
Derrick Thomas was a generational pass rusher. He once had seven sacks in an NFL game, which is still a record. As a senior linebacker at Alabama in 1988, Thomas gobbled up opposing quarterbacks at an astonishing rate, finishing with 27 sacks (39 tackles for loss) on his way to earning SEC Defensive Player of the Year honors.
Thomas was unblockable that season, but you won’t find his eye-popping numbers in the NCAA record book. At the time, sacks weren’t an official NCAA statistic, meaning Arizona State’s Terrell Suggs has the “official” NCAA sack record with 24 in 2002. While defenders play more games now (Thomas played in 11 games in 1988), no FBS player has reached the 20-sack plateau in the past 20 years. Last season, the FBS sack leader was Marshall’s Mike Green with 17.
Thomas, who finished with 52 career sacks at Alabama, played 11 seasons in the NFL, all with the Kansas City Chiefs. He died in 2000 at the age of 33 following a car accident.
7. Hat trick for Antonio Perkins
If a player returns one kick for a touchdown in a game, he’s probably not going to get a chance to return another one. And if he returns two, the only way he’s going to touch the ball again is after it goes out of bounds. But three punt returns for a touchdown?
Perkins did the unfathomable in 2003 when he became the first player in NCAA history to score on three returns in a game, going 84, 74 and 65 yards, in Oklahoma’s 59-24 rout of UCLA in Norman. So, yes, a valid question is: Why in the name of Boomer Sooner did the Bruins keep kicking to him? Perkins’ final touchdown came with 2:39 to play in the game.
Perkins also broke the NCAA record for punt return yards (277), a mark previously held by the late Golden Richards, who had 219 punt return yards in 1971 against North Texas while playing for BYU. Perkins, a cornerback for Bob Stoops’ OU teams, finished his college career with eight punt returns for touchdowns.
8. Marcus Allen’s amazing run
After coming to USC as a defensive back and playing some as a fullback early in his career, Marcus Allen did things in his 1981 senior year that not even Sanders accomplished in his record-setting 1988 season.
For starters, Allen rushed for more than 200 yards in eight of 11 games (Sanders had seven 200-yard games in ’88) and finished with 2,342 yards on his way to winning the Heisman Trophy. But what really jumps out is that Allen started the season with five straight 200-yard games, a streak that seems surreal 44 years later.
In many ways, Allen is the most accomplished football player ever. He’s the only player to win a national championship, Heisman Trophy, Super Bowl championship, Super Bowl MVP award and NFL MVP award, a distinction that may never be duplicated. He’s also both a Pro Football and College Football Hall of Famer.
9. Patrick Mahomes’ wizardry
Before he started collecting Super Bowl rings with the Kansas City Chiefs, Patrick Mahomes played a starring role in one of the wildest shootouts in college football history. Oklahoma and Baker Mayfield outlasted Texas Tech and Mahomes 66-59 in 2016, an offensive smorgasbord that produced one record after another.
Playing through a separated throwing shoulder and fractured left wrist he suffered in the first half, Mahomes set an FBS record with 819 yards of total offense. He completed 52 of 88 passes for 734 yards and five touchdowns and also rushed for 85 yards and two touchdowns.
Mayfield, who had transferred from Texas Tech to Oklahoma, had the “lesser” of the stats between the two future NFL quarterbacks that day. He threw for only 545 yards and seven touchdowns — but got the win. The teams combined for an FBS-record 1,708 yards of offense. “To have both those guys play the way they did … We’ll never see it again, I don’t think,” said Kliff Kingsbury, who was Texas Tech’s head coach that season.
10. No upsetting Nick Saban
Nick Saban won a slew of games against nationally ranked teams during his career, 104 to be exact, but his streak of beating the teams he was supposed to beat during his 17 seasons at Alabama was unmatched. The Crimson Tide won 100 consecutive games against unranked foes under Saban and went 14 years without losing a game to an unranked opponent, a streak that was snapped by a 41-38 loss to 19-point underdog Texas A&M on Oct. 9, 2021 with a walk-off 28-yard field goal by the Aggies’ Seth Small. It was the longest such streak in the AP poll era, and Saban was 123-4 overall at Alabama against unranked teams.
The A&M game also marked the first time one of Saban’s former assistants (Jimbo Fisher) had beaten him. Saban had been 24-0 against former assistants.
Saban had not lost to an unranked team since his first season at Alabama in 2007, when Louisiana-Monroe upset the Tide 21-14 in Tuscaloosa. The next closest winning streak against unranked teams in the AP poll era (since 1936) is 73 by Florida from 1990 to 2000 under Steve Spurrier. Miami won 72 in a row from 1985 to 1995.
Now that we’ve ranked the top 10, here are some honorable (and dishonorable) mentions:
• Florida has scored in 461 straight games, the longest active streak and the longest in FBS history. The last time the Gators were shut out in a game was on Oct. 29, 1988, a 16-0 loss to Auburn. A distant second is TCU, which has scored in 407 straight games.
• Houston quarterback Andre Ware passed for 517 yards and six touchdowns — all in the first half before sitting out the rest of the game — in a 95-21 battering of NCAA probation-beleaguered SMU in 1989 in the Astrodome. Houston finished with an NCAA-record 1,021 yards of offense. The Mustangs were coming off a two-year NCAA “death penalty” for violating rules and more than half their starters were freshmen. SMU coach Forrest Gregg was furious afterward about Houston running up the score and called it a “sad day for college football.” Houston also was on probation that season and wasn’t allowed to play in a bowl game or appear on live television, but Ware still won the Heisman Trophy.
• Michigan’s Mike Hart had 1,005 consecutive rushing attempts without a losing a fumble from 2004 to 2008. Two of his three career lost fumbles came in his last game, the Capital One Bowl against Florida, which the Wolverines won 41-35.
• Nebraska has sold out every home football game at Memorial Stadium dating back to Nov. 3, 1962, a streak of 403 straight games. The Huskers have suffered through some lean times over the past decade, and while packed stadiums and sellouts aren’t necessarily the same thing, every ticket available to the public has been sold for 60-plus years. Admittedly, Nebraska has been forced to get creative to keep the streak alive, with corporations and donors buying up unused tickets at discount prices. But still … 403 straight sellouts!
• Alabama won a record 27 straight games against SEC opponents from 1976 to 1980, a streak that ended with a 6-3 loss to Mississippi State in Jackson, Mississippi on Nov. 1, 1980. That setback to the Bulldogs was the only loss to an SEC opponent Alabama captains Major Ogilvie and Randy Scott had their entire college careers. The Crimson Tide’s average margin of victory in the streak was 21.6 points, and only three times in 27 games did their opponent score more than 20. Florida won 25 straight against SEC foes under Spurrier from 1994 to 1997.
• East Carolina’s Dominique Davis completed 36 consecutive passes in 2011, completing his last 10 against Memphis and his first 26 the following week against Navy. That broke Aaron Rodgers’ record of 26 in a row in 2004 when Rodgers was at Cal.
• Georgia had an NCAA-record 13 turnovers in a 48-6 loss to rival Georgia Tech and Bobby Dodd in 1951. Zeke Bratkowski threw eight interceptions (in 35 attempts) and the Bulldogs lost five fumbles. Bratkowski still holds the SEC record for career interceptions (68), but as a second-year starter in 1952, he led the nation in passing and earned All-America honors before going on to play for the Green Bay Packers following the 1953 season.
• With Chris Klieman in his third season as coach, North Dakota State allowed just three punt returns in 14 games for a net total of zero yards in 2016. Of North Dakota State’s 61 punts that season, 37 were fair catches.
• Northwestern lost 34 straight games from 1979 to 1982. The closest any school has come to that futility is New Mexico State dropping 27 in a row from 1988 to 1990.
• Vanderbilt went the entire season in 1993 without a single touchdown pass, the last FBS team to do so. The Commodores’ only SEC win that season was 12-7 over Kentucky. They ran the I-bone option offense under Gerry DiNardo and attempted 157 passes with no touchdowns and 13 interceptions. Three different quarterbacks played that season, and the Commodores attempted a total of 17 passes in their four wins.
• Wake Forest’s Nick Sciba holds the NCAA record with 34 consecutive made field goals in the 2018 and 2019 seasons. He made his first 23 attempts in 2019 before missing from 48 yards in the regular-season finale against Syracuse.
• With 6,405 yards in 54 games, San Diego State’s Donnel Pumphrey broke Ron Dayne’s NCAA career rushing record in 2016. Dayne had 6,397 in 43 games at Wisconsin. It’s hard to imagine a player putting up those numbers — and taking the beating a running back does — and staying four years in the current climate of college football to make a run at Pumphrey’s record.
Scot Pollard owes his survival to one special person.
The Survivor alum—who competed on the CBS show from 2015 to 2016—shared that he received a heart transplant in February 2024 and was recently…
Her successor Nick Webborn said: “We welcome the government’s ongoing commitment to hosting the Tour de France, Tour de France Femmes and Euro 2028…and support their commitment to secure the pipeline of big events beyond 2028 to ensure we can continue to reach, inspire and unite people in every corner of the country.”
Britain is hosting the women’s rugby union World Cup in England this year, along with the 2026 Commonwealth Games in Glasgow, but the government is not believed to be backing any bids for golf’s Ryder Cup or Solheim Cup.
As part of the funding commitment, the DCMS says that a minimum of £400m will also be invested over the next four years into new and upgraded grassroots sports facilities “that promote health, wellbeing and community cohesion”.
On Thursday the government announced plans for a new School Sport Partnerships and Enrichment Framework for schools to ensure all young people have equal access to high-quality sport and extracurricular activity.
Ali Oliver, chief executive of the Youth Sport Trust, said: “We are grateful to the government for listening and responding so comprehensively to our sector’s united call for a reimagined approach to PE and school sport. This will be an amazing boost to those who work so tirelessly, often against the odds, in PE and school sport.
“Children’s activity levels have been too low for too long. We welcome the government seeking to harness the vast potential of play and sport to change this.”
Ohio Republican Rep. Max Miller said on Thursday he was run off the road by a “deranged man” who waved a Palestinian flag in his direction and lobbed death threats before driving away.
Miller recounted the incident in a video posted to the social media platform X and pledged to hold the individual involved accountable, saying, “I will not hide in the face of this blatant antisemitic violence.”
“As I was driving to work, some unhinged, deranged man decided to lay on his horn and run me off the road, when he couldn’t get my attention, to show me a Palestinian flag, not to mention death to Israel, death to me — that he wanted to kill me and my family,” Miller said in the video.
The Ohio lawmaker did not specify whether the death threats were made verbally or otherwise.
Miller said he submitted police reports to the local police and to the U.S. Capitol Police.
“You have an issue? Take it to our office. You want to run me off the road? That’s a different story,” Miller said in the video.
“We know who you are, young man, and the police are going to be paying you a visit, and I hope what you did this morning is worth it to you and anyone else who plans on doing this to anybody within our district, state or country,” he added.
Rocky River Police Department confirmed that Miller called the station Thursday morning to “report a road rage incident” and came to the station at 2 p.m. to give a written statement. The spokesperson said the congressman was not able to wait to speak with officers in the morning.
Capitol Police was also notified, the spokesperson said, and will be handling the investigation.
The Hill has contacted Capitol Police for comment.
Bull vs bear fork in the road by Lightspring via Shutterstock
If I were to classify my investment style, I would consider myself a contrarian, rather than a value or growth investor.
David Dreman first published Contrarian Investment Strategy: The Psychology of Stock Market Success in 1979. It was one of the first books that got me hooked on investing in the 1980s. The other two: The Intelligent Investor by Benjamin Graham and Peter Lynch’s One Up on Wall Street. These three books showed me that you could make money investing.
“Dreman believed that investors are prone to overreaction, and, under certain well-defined circumstances, overreact predictably and systematically,” Validea’s page about Dreman states.
“They typically overvalue the popular stocks considered the ‘best’, and undervalue those considered the ‘worst’, often going to extremes in these over- and under-valuations.”
Unfortunately, because growth stocks have ruled the roost for most of the past two decades, contrarian investors haven’t fared too well. Eventually, Dreman’s philosophy will deliver the goods.
But I digress.
My commentary today focuses on three profitable companies whose stocks hit new 52-week lows on Tuesday. All of them have the potential to deliver outsized returns over the next 3-5 years for investors who are tolerant enough to stay the course.
Here’s the how and why for each.
Thermo Fisher Scientific (TMO)hit its 24th 52-week low of the past 12 months yesterday.
The maker of scientific instruments’ stock is down 31.3% over this period and is trading at its lowest level since July 2020.
Admittedly, I’m not a big follower of healthcare stocks, but it’s a well-known name in the sector, so I’m curious what’s holding it back.
Analysts like it. Of the 24 covering its stock, 20 rate it a Buy (4.54 out of 5) with a mean target price of $554.46, a level it traded at as recently as February. These same analysts expect it to earn $22.32 a share in 2025 and $24.68 in 2026. Its shares trade at 17.5x and 15.8x these estimates.
Thermo Fisher’s current enterprise value of $175.73 billion is 4.35 times its trailing 12-month (TTM) revenue. Its EV/revenue multiple hasn’t been this low since March 2017.
As stated in its Q1 2025 press release, the company continues to allocate capital efficiently, spending $4.1 billion on acquiring Solventum’s Purification and Filtration business, repurchasing $2 billion of its stock, and increasing its dividend by 10%.
Routinely, it generates between $6 billion and $7 billion in annual free cash flow. Expect it to continue buying back its stock until the next phase of growth kicks in.
Copart (CPRT)hit its 14th 52-week low of the past 12 months yesterday.
The provider of online vehicle auctions for insurance companies, as well as other related businesses such as banks and rental car companies, and individuals, has seen its share price fall by 13% over the past year. However, over the past five years, it has increased by 127%, outperforming the S&P 500 by 37 percentage points.
Copart reported Q3 2025 results on May 22. While they were healthy on both the top and bottom lines, investors were more focused on the real or perceived headwinds caused by tariffs, knocking its stock 21% lower in the weeks since.
Because it trades at a premium — 28.3 times its 2026 earnings per share of $1.70 — investors felt that might be too much to pay for a company that tariffs could hurt. However, Copart management believes that replacement parts, which are more expensive due to tariffs, will lead more insurers to opt for writing off a car in a collision rather than paying the higher costs of repairing it, converting tariffs into a win for them.
Regardless of the tariff situation, analysts still support it, with seven of 12 rating it a Buy (4.00 out of 5), and a median target price of $65, which is well above its current share price, according to MarketWatch.
Copart offers a valuable and essential service to its customers. The need, regardless of AI, persists. That’s a significant reason why it has delivered an annualized return of 21% since its initial public offering in 1994.
It’s a keeper.
Watsco (WSO)hit its 13th 52-week low of the past 12 months yesterday, and Pool Corp (POOL)hit its 9th 52-week low.
I know I said I’d comment on three stocks hitting new 52-week lows. However, both of these companies should be positively affected by climate change, so I included both.
In Watsco’s case, it helps homeowners and businesses stay cool in the summer and warm in the winter by distributing HVAC (heating, ventilation, and air conditioning) equipment, parts and supplies. It is the largest distributor in the Americas.
Pool, as its name implies, distributes pool equipment and supplies from 445 sales centers across North America, Europe, and Australia. It is the world’s largest wholesale distributor of its kind. Its products also help customers stay cool.
Both businesses provide products and services that, although not impossible to live without, are pretty essential. In Watsco’s case, summer in America gets stinking hot. Air conditioning is a must-have, especially for senior citizens. As for Pool, sure, you can let your pool get dirty, but eventually, you’re going to sell your house, and when you do, its products will help make the sales process work like a charm.
Of the two, Pool’s business has more recurring revenue, but Watsco’s high-ticket items make up for this. The former has grown its annual revenue by 9.4% on a compounded basis, compared to 9.9% for the latter.
That said, Pool’s revenues have returned to pre-COVID numbers. In 2022, its revenues hit a record high of $6.18 billion. As of March 31, the TTM revenue was $5.26 billion, approximately the same as in 2021. Meanwhile, Watsco’s revenues have grown from $5.05 billion in 2020 to $7.58 billion as of March 31.
Analysts have mixed feelings about both stocks. I like both of them because climate change isn’t going away. They’re profitable and generating significant cash flow, which allows them to buy back shares during times of weakness, such as the current situation.
It will pass. Don’t pass on WSO and POOL for the long haul.
On the date of publication, Will Ashworth did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Now that warmer weather is here, spring cleaning duties are likely falling by the wayside. But the good news is you can enjoy the outdoors and clean your home with zero effort by letting a robot vacuum do the hard work for you. For that, we recommend a versatile model like the Eufy X10 Pro Omni, which is currently on sale at Amazon, Walmart, and Best Buy to $549.99 ($250 off), matching its all-time low.
The X10 Pro Omni, one of our favorite midrange vacuum / mop combos, boasts an array of features to help it tackle daily messes, including oscillating dual spinning brushes capable of cleaning dried stains. An onboard water reservoir means the robot vacuum can clean for longer without having to refill its tank as often as some alternatives. Plus, when it’s finished mopping, a heated mop drying function helps prevent the base from smelling like dirty laundry. Unfortunately, however, it lacks a heated mop washing feature.
In addition to mopping, the X10 Pro Omni features 8,000Pa of suction, which enables it to perform well on both carpet and tile surfaces. It also offers excellent AI-powered object recognition, allowing it to avoid pet messes, cables, and toys. That said, we did encounter a few navigation issues during our testing, with the vacuum unable to escape from a corner. While it did get stuck a few times, its lidar-powered mapping is fast and accurate, laying out multiple rooms correctly on the first try.
To round out the Omni’s capabilities, support for the Eufy Clean app allows you to set schedules, establish no-go zones, create virtual boundaries, and more. It can also automatically empty its dust bin and refill its own water tank, so you can set it and forget it while it does its thing.
Houston Rockets coach Ime Udoka has agreed to a long-term contract extension that makes him one of the highest-paid coaches in the NBA, sources told ESPN on Thursday.
The deal is believed to be worth eight figures annually, sources said.
Udoka’s extension comes after he guided Houston to its first top-two seed in the West in seven years. In Udoka’s second season, the team went 52-30 and made its first playoff appearance since 2019-20, getting knocked out in the first round by the Golden State Warriors in seven games.
Rockets ownership, Tilman and Patrick Fertitta, and general manager Rafael Stone hired Udoka in 2023, and the sides have built a partnership on year-by-year progress and sustainability.
Houston has won 93 games under Udoka after winning a total of 59 games in the three seasons before he arrived, and it finished fifth in defensive efficiency this season. The Rockets ranked in the bottom five in defensive efficiency in 2022-23.
The New York Knicks had expressed interest in speaking with Udoka about their head coaching position, but Houston denied the request, sources told ESPN earlier this month.
Udoka joined the Rockets after he was suspended and ultimately fired by the Boston Celtics during the 2022-23 season for multiple violations of team rules. He led the Celtics to the NBA Finals in his only season as their coach in 2021-22.
Udoka’s extension marks another major piece of business for the Rockets this month. They re-signed center Steven Adams to a three-year, $39 million contract last week. Houston also has until June 29 to make a decision on guard Fred VanVleet‘s $44.9 million team option, and the team is considered one of Phoenix Suns star Kevin Durant‘s preferred trade destinations, sources previously told ESPN.
