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Madison Square Garden Sports Corp. is projected to post earnings of $0.73 per share for the current fiscal year. The company, which owns the NBA's New York Knicks and NHL's New York Rangers, saw a 3.3% increase in holdings by Charles Schwab Investment Management in Q4. Despite a Buy rating, analysts suggest five other stocks are better investments.
The average NHL team is now valued at $1.92 billion, reflecting a significant rise due to steady revenue growth, a hard salary cap, and a revenue-sharing system. For the 2023-24 season, the league"s hockey-related revenue reached $6.3 billion, an 8.6% increase from the previous year, with record national sponsorship and gate receipts contributing to improved profitability across all franchises.
Donald Trump held a rally at Madison Square Garden, where he emphasized his plans for immigration reform and criticized Kamala Harris, calling her a "very low IQ individual." The event featured controversial remarks from speakers, including racist and misogynistic comments, which drew backlash. Meanwhile, Harris continues to rally support, highlighting her commitment to investing in Puerto Rico and contrasting her campaign's message with Trump's divisive rhetoric as polls show a tight race ahead of the election.
Madison Square Garden Sports Corp.
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