Man Who Called Nvidia at $1.10 Says Buy This Now...

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Does American tennis have a pickleball problem? Upstart's boom looms out of view at the US Open

JAMES MARTINEZ
August 27, 2024

NEW YORK (AP) -- Does American tennis have a pickleball problem?

Even as the U.S. Open opened this week with more than a million fans expected for the sport's biggest showcase, the game's leaders are being forced to confront a devastating fact -- the nation's fastest-growing racket sport (or sport of any kind) is not tennis but pickleball, which has seen participation boom 223% in the past three years.

"Quite frankly, it's obnoxious to hear that pickleball noise," U.S. Tennis Association President Dr. Brian Hainline grumbled at a recent state-of-the-game news conference, bemoaning the distinctive pock, pock, pock of pickleball points.

Pickleball, an easy-to-play mix of tennis and ping pong using paddles and a wiffleball, has quickly soared from nearly nothing to 13.6 million U.S. players in just a few years, leading tennis purists to fear a day when it could surpass tennis' 23.8 million players. And most troubling is that pickleball's rise has often come at the expense of thousands of tennis courts encroached upon or even replaced by smaller pickleball courts.

"When you see an explosion of a sport and it starts potentially eroding into your sport, then, yes, you're concerned," Hainline said in an interview with The Associated Press. "That erosion has come in our infrastructure. ... A lot of pickleball advocates just came in and said, 'We need these tennis courts.' It was a great, organic grassroots movement but it was a little anti-tennis."

Some tennis governing bodies in other countries have embraced pickleball and other racket sports under the more-the-merrier belief they could lead more players to the mothership of tennis. France's tennis federation even set up a few pickleball courts at this year's French Open to give top players and fans a chance to try it out.

But the USTA has taken a decidedly different approach. Nowhere at the U.S. Open's Billie Jean King National Tennis Center is there any such demonstration court, exhibition match or any other nod to pickleball or its possible crossover appeal.

In fact, the USTA is flipping the script on pickleball with an ambitious launch of more than 400 pilot programs across the country to broaden the reach of an easier-to-play, smaller-court version of tennis called "red ball tennis." Backers say it's the ideal way for people of all ages to get into tennis and the best place to try it is (wait for it) on pickleball courts.

"You can begin tennis at any age," USTA's Hainline said. "We believe that when you do begin this great sport of tennis, it's probably best to begin it on a shorter court with a larger, low-compression red ball. What's an ideal short court? A pickleball court."

And instead of the plasticky plink of a pickleball against a flat paddle, Hainline said, striking a fuzzy red tennis ball with a stringed racket allows for a greater variety of strokes and "just a beautiful sound." Players can either stick with red ball tennis or advance through a progression of bouncier balls to full-court tennis.

"Not to put it down," Hainline said of pickleball, "but compared to tennis ... seriously?"

So what does the head of the nation's pickleball governing body have to say about such comments and big tennis' plans to plant the seeds of its growth, at least in part, on pickleball courts?

"I don't like it but there is so much going on with pickleball, so many good things, I'm going to stick to what I can control, harnessing the growth and supporting this game," said Pickleball USA CEO Mike Nealy.

Among the positive signs, Nealy said, is the continuing construction of new pickleball courts across the country, raising the total to more than 50,000. There's also growing investment in the game at clubs built in former big-box retail stores, pro leagues with such backers as Tom Brady, LeBron James and Drake, and the emergence of "dink-and-drink" establishments that tap into the social aspect of the game by allowing friends to enjoy pickleball, beer, wine and food under the same roof.

"I don't think it needs to be one or the other or a competition," Nealy said of pickleball and tennis. "You're certainly going to have the inherent frictions in communities when tennis people don't feel that they're getting what they want. ... They're different games but I think they are complimentary. There's plenty of room for both sports to be very successful."

Top-ranked American tennis player Taylor Fritz agreed. "There are some people in the tennis world that are just absolute pickleball haters, and that's fine. But for me, I don't really have an issue with pickleball. I like playing sometimes. ... I don't see any reason why both of them can't exist."

The relative health of tennis and pickleball is calculated by the Sports & Fitness Industry Association, a marketing research group whose annual survey of 18,000 Americans on their preferences of physical activity has been widely cited for decades.

Though the group's President and CEO Tom Cove refused to hazard a guess on if or when pickleball could overtake tennis, he said the American pickleball boom is unlike anything his organization his ever seen and several key stats suggest it could be poised to keep going.

For starters, though the initial growth of pickleball was fueled during the coronavirus pandemic by retirees looking for a socially distanced, low-impact way to get some exercise, the growth now is driven by those ages 18 to 34, with a million new players 17 and younger added last year. Also, of the current 13.6 million pickleball participants in SFIA's survey, the core number, those who play eight or more times a year, is a robust 4.8 million.

But perhaps more important than any stat, Cove said, is that pickleball puts up almost no barriers to entry. Equipment is relatively cheap, the game can be played almost anywhere, even on a driveway, and it takes almost no time to start having meaningful games with players of all ages and skill levels. That's unlike nearly every other sport, including tennis, which can often take months of practice to learn, be physically demanding and require finding players of similar skill level to play competitive matches.

"Pickleball has a unique quality to give enjoyment very early," Cove said. "People figure it out and after one or two times. They say, 'I like to play. It's fun and I can do this. There's enough competition, but not too much. There's enough skill but not too much. There's enough urgency but it doesn't make me feel like I'm going to fall over. And I like the social part."'

The USTA is seeking to capture some of that vibe as it charts tennis' future. The game is coming off its own 10% growth over the past three years, according to SFIA's survey, and the USTA has a goal to increase its ranks from 23.8 million to 35 million players -- about 1 in 10 of all Americans -- by 2035.

Building that base starts with outreach like a special "red ball" demonstration court set up next to stadium Court 17 at Flushing Meadows. A game that was once used almost exclusively to introduce children to tennis is now being promoted to adult U.S. Open fans -- among the same people currently flocking to pickleball.

"I have to say, I kind of like it better than pickleball," 27-year-old Angelique Santiago of Boston said after her first-ever session of red-ball. "The ball is softer compared to the hard pickleball. The tennis racket has a softer feel. It's just easier to get into a rally. ... I'd definitely play it again."

Such comments are music to the ears of the USTA's Hainline, who says comparing tennis to pickleball in terms of skill, nuance and athleticism is "like comparing apples to potatoes."

"We want to present another option," he said, "and let the people choose."

___

AP Tennis Writer Howard Fendrich contributed.

___

AP tennis: https://apnews.com/hub/tennis

Continue Reading...

Popular

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

Discover the $2 Stock That Has Institutional Attention - Ad

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

A key employee who called the Titan unsafe will testify before the Coast Guard

A key employee who labeled unsafe prior to its last, fatal voyage was set to testify Tuesday before U.S. Coast Guard investigators.

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

Trump's Campaign Slapped With Lawsuit Threat After Jack White Calls Them 'Fascists'- 'You Should Lose Every Military Family's Vote Immediately!'

Jack White of the White Stripes has condemned Donald Trump's campaign as "fascists" and threatened legal action after an aide used a clip of the band's 2003 hit "Seven Nation Army" in a pro-Trump social media post.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day

WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company , a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric.

Firm offers bets on congressional elections after judge clears way; appeal looms

ATLANTIC CITY, N.J. (AP) — You can now do more than just vote in this fall's Congressional elections: You can bet on them, too.

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

UK says it's suspending some arms exports to Israel over the risk of breaking international law

LONDON (AP) — U.K. Prime Minister Keir Starmer's government said Monday that it's suspending exports of some weapons to Israel because they could be used to break international law — a move with limited military impact intended to increase pressure by Israel's frustrated allies for an end to .

China's Chipmaking Investments Top US, Taiwan, South Korea Combined: What It Means For Nvidia, ASML

China invests $25 billion in chipmaking equipment, surpassing spending by South Korea, Taiwan, and the U.S. This could impact top chipmakers and suppliers like NVIDIA and ASML.

This Is How the AI Bull Market Ends - Ad

The AI bull market as we know it right now will end...And all the big popular AI stocks investors are piling into right now will NOT be the where the biggest returns will come from. And for investors who don't know how the market is changing and where it's going...They could end up left behind.

Japan Leads Asia Markets Decline, Europe Slides; Crude Oil Falls below $70 - Global Markets Today While US Slept

US stocks close lower on weak manufacturing data and Fed rate cut uncertainty. Asian markets follow with major declines. Commodities and futures down.

Do Not Day Trade (Do This Instead) - Ad

Forget day trading (especially in markets like these). Trade OVERNIGHT instead! I've uncovered a shocking way to take 100% certain events (mandated by the U.S. Government)...And target OVERNIGHT payouts like: 253%... 327%... Even 383%! Enough to potentially hand you profits of $25,300... $32,700... heck even $38,300!

Former Deputy Claims Harris Helped Close Backpage, Fallout Affects Sex Workers

In the midst of the 2024 presidential campaign, Kamala Harris finds herself under the microscope for her involvement in the closure of Backpage.com, a well-known online platform for adult services, during her time as the Attorney General of California.

Maryland awards contract for Francis Scott Key Bridge rebuild after deadly collapse

BALTIMORE (AP) — Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span of a massive container ship that lost power and crashed into one of its supporting columns.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Moderna Faces Analyst Downgrades Amid Revised R&D Restructured Strategy and Delayed Profitability Target

Moderna announces plans to reduce R&D spending by $1.1 billion by 2027, focusing on ten key products. Analysts highlight near-term challenges, lowered price targets, and a delayed breakeven to 2028, with optimism around Moderna's oncology pipeline and long-term platform potential.

Stellantis Fires Back At US Dealer Council's Allegation Of 'Short-Term Decision-Making:' Carmaker Says 'Public Personal Attacks' Not The Way To Solve Problems

Carmaker Stellantis NV said on Wednesday that it takes "absolute exception" to the open letter sent by the President of U.S. Stellantis National Dealer Council (NDC) Kevin Farrish to company CEO Carlos Tavares, terming it a "public personal attack."

DO NOT Make Another Trade Without Seeing This First - Ad

Starting September 23... a huge secret of the markets could help you consistently target gains like: 126%... 245%... even 463% or more... often in 30 days or less... No matter what the market does next.

Trump Vs. Harris: 2024 Election Betting Odds Show 'Love Story' For Vice President After Debate, Taylor Swift Endorsement

The presidential debate between Vice President Kamala Harris and Ex-President Donald Trump shifted the betting odds for the winner on Election Day. Here’s a look at who has the edge and how the markets have shifted in recent months.

Why Is WiSA Technologies Stock Surging Premarket Wednesday?

WiSA Technologies shares are jumping premarket Wednesday, as the company acquires Datavault's IP and IT assets in a $210 million deal.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000

MINNEAPOLIS (AP) — Package is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.

Revealing Index Soars 49% - Smart Investors Are Moving In - Ad

The Gold Miners' Index is up 49% in recent months, surpassing even Gold's performance. Yet, ONE stand-out miner has even doubled Gold's historic rally over the last 6 months with room to run as analysts expect it to double from here! Don't miss the young company that has already captured the interest of 40+ investment banks.

The iPhone 16, new AirPods and other highlights from Apple's product showcase

CUPERTINO, Calif. (AP) — Apple squarely shifted its focus toward artificial intelligence with the unveiling of its hotly anticipated iPhone 16 along with a slew of new features coming with the next update to the device’s operating system. While the new phone lineup headlined Monday's showcase, the tech giant also shared updates to its smartwatch and AirPod lineups.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Elon Musk Comments On Why They Want To Kill Trump, DeSantis Promises Florida's Own Probe

A second assassination attempt on Donald Trump was foiled by the U.S. Secret Service while he was golfing in Florida, with political figures from both parties condemning the incident and reaffirming the importance of denouncing political violence.

Kentucky's Massive Cannabis Licensing Response: 5,000 Applications Filed Before Deadline

Nearly 5,000 medical cannabis license applications were filed in Kentucky by the August deadline, showing immense interest.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Treasury recovers $1.3 billion in unpaid taxes from high wealth tax dodgers

WASHINGTON (AP) — The IRS has collected $1.3 billion from since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden's signature signed into law in 2022.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service