Stock Alert: GSX Techedu Gains 10%
European Economics Preview: German Consumer Sentiment Data Due
Consumer confidence from Germany and France are due on Wednesday, headlining a light day for the European economic news.
At 2.00 am ET, German GfK consumer sentiment survey results are due. The confidence index is forecast to rise to -3.5 in May from -6.2 in April.
In the meantime, retail sales and household consumption figures are due from Norway.
At 2.45 am ET, France’s Insee is scheduled to release consumer confidence survey data. Economists forecast the sentiment indicator to drop marginally to 93 in April from 94 in March.
At 3.30 am ET, Statistics Sweden publishes retail sales data for March. Sales had increased 0.7 percent on month in February.
At 4.00 am ET, Austria’s manufacturing PMI data for April is due.
2021 NFL draft tight end rankings: Florida’s Kyle Pitts looks like top TE on the board
The 2021 NFL draft will occur across downtown Cleveland locations that include FirstEnergy Stadium (home of the Browns), the Great Lakes Science Center and the Rock & Roll Hall of Fame. NFL Commissioner Roger Goodell and a select number of prospects will take the stage.
The first round will be held on Thursday, April 29. Rounds 2-3 will take place on Friday, April 30. Rounds 4-7 will be held Saturday, May 1. The draft will be broadcast on ABC, ESPN and NFL Network.
USA TODAY Network NFL reporters break down the draft position-by-position. Here are the top tight end prospects:
1. Kyle Pitts, Florida
Pros: Twitchy and explosive talent with a rare combination of tools. A matchup nightmare. Competitive after the catch. Has dominant traits in the end zone. Will bring the effort every down no matter his role.
Cons: Has slender frame that may have issues adding and keeping on the necessary bulk to handle in-line duties. Won’t get much, if any, push at the point of attack as a run blocker.
Mike Tyson, Lennox Lewis in negotiations for possible exhibition fight in September
Negotiations for a fight between Mike Tyson and Lennox Lewis are underway and the exhibition bout could be held in September, according to Azim Spicer, Tyson’s brother-in-law and business partner.
“We are looking into it as a possibility,’’ Spicer told USA TODAY Sports on Wednesday. “Still would need to paper it up, though.’’
Tyson has expressed confidence the fight will happen.
“I’m going to fight Lennox Lewis,’’ he told TMZ Tuesday night. “September.’’
Said Spicer, “September is possible but just getting started with negotiations.’’
Tyson, 54, and Lewis, 55, fought in June 2002, when Lewis scored an eighth-round knockout.
Stock Alert: Enphase Energy Down 12% On Weak Q2 Outlook
Shares of Enphase Energy Inc. (ENPH) are slipping nearly 12% on Wednesday morning, after the company’s revenue outlook for the second quarter fell short of estimates.
ENPH is currently trading at $150.89, down $20.21 or 11.81%, on the Nasdaq.
Looking forward to the second quarter, Enphase sees revenue of $300 million to $320 million. Wall Street analysts currently have a consensus revenue estimate of $354.26 million for the quarter.
For the first quarter, Enphase reported a profit of $31.70 million or $0.22 per share, down from $68.94 million or $0.50 per share last year. On an adjusted basis, earnings for the quarter rose to $0.56 per share from $0.38 per share last year. Revenues for the quarter surged to $301.8 million from $205.5 million last year.
Caleb Farley will not attend 2021 NFL draft in Cleveland after testing positive for COVID-19
Caleb Farley will not attend the 2021 NFL draft, which begins Thursday in Cleveland, after he tested positive for COVID-19.
The former Virginia Tech cornerback, despite opting out of the 2020 college football season, is expected to be a first-round selection and had been invited to Cleveland for the event. He is asymptomatic and will instead watch the draft from his home in North Carolina.
“I’m OK. I feel great … I’m still in good spirits,” he said in a video posted on social media. “I’m not going to let nothing or nobody ruin this week for me. This is a dream come true.”
In 2019, Farley battled back injuries – a herniated L5 disc, a bulging S1 joint – that he played through during his first-team All-ACC campaign. He recorded four interceptions and 12 pass breakups. But the injuries cost him the final two games of the Hokies’ season, and he then opted out to prepare for the draft. The 6-foot-2 North Carolina native did not participate in Virginia Tech's pro day after undergoing a microdiscectomy.
MORE: Five NFL draft prospects who could slide out of the first round
Stock Alert: GSX Techedu Gains 10%
GSX Techedu Inc. (GSX) shares are rising more than 10 percent on Wednesday morning trade continuing a positive trend since April 23.
Currently, shares are at $34.95, up 9.23 percent from the previous close of $9.22 percent. For the last 52-week period, the shares have traded in a range of $23.09-$149.05.