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Fighting for Big Change & Winning Big

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Joe Pyfer TKOs Israel Adesanya in Stunning UFC Seattle Main

Michael Jordan, the NBA legend whose relentless drive produced six championships and a legacy of unmatched competitiveness, has carried that same “competitive gene” into NASCAR ownership. Through 23XI Racing and a high-stakes antitrust lawsuit against the sport’s governing body, Jordan has pushed for structural reforms while his team delivers dominant early results in the 2026 Cup Series season.

A game-worn jersey from NBA icon Michael Jordan's second season at the University of North Carolina has fetched $1.38 million at aucution
AFP / FRANCK FIFE

In a recent interview with CBS’ Gayle King, Jordan made clear the lawsuit was never just business. “I was all in. I was aggressively gonna win,” he said, adding that he was prepared to risk being “kicked out of the sport” if it meant waking people up to what he viewed as unfair practices. “I became a competitor all over again.”

Jordan co-owns 23XI Racing with driver Denny Hamlin. The team entered the spotlight when it, along with Front Row Motorsports, refused to sign NASCAR’s 2024-2025 charter agreement, calling it a “take it or leave it” deal that favored the France family-controlled organization. The resulting federal antitrust lawsuit accused NASCAR of monopolistic practices that limited team equity and revenue sharing.

The case reached trial in December 2025 in Charlotte. After eight days of testimony — including Jordan taking the stand and describing himself as unafraid to challenge the sport’s power structure — the parties settled on Dec. 11. The agreement delivered permanent “evergreen” charters for all teams, improved revenue distribution, and a stronger voice for team owners in future decisions. NASCAR avoided a jury verdict on monopoly claims, while 23XI and Front Row secured the stability they sought.

Jordan framed the outcome as progress for the entire sport. In a joint statement, he said the lawsuit was “about making sure our sport evolves in a way that supports everyone: teams, drivers, partners, employees and fans.” He emphasized building equity and investing in the future so NASCAR can grow for generations.

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The settlement cleared the way for a focused 2026 season. 23XI Racing has responded with explosive on-track performance that has turned heads across the garage. Driver Tyler Reddick, in the No. 45 Toyota, opened the year with back-to-back victories at the Daytona 500 and Atlanta Motor Speedway. He added wins at Circuit of the Americas and Darlington Raceway, giving the team four victories in the first six races of 2026 — a historic pace in the Next Gen car era.

Reddick’s Daytona triumph marked 23XI’s first Daytona 500 win. Jordan, who attended the race, reacted with visible emotion, later saying it “feels like I won a championship” and praising Reddick’s “clutch gene” under pressure. Teammate Bubba Wallace, in the No. 23 car, has posted consistent top-15 finishes and sits near the top of the standings alongside Reddick.

The team’s third full-time entry, the No. 35 driven by Riley Herbst, and development driver Corey Heim’s expanded Cup schedule add depth. Jordan has been a visible presence at races, celebrating wins in Victory Lane and underscoring his hands-on approach. Brand momentum has followed: Jordan Brand has deepened its involvement, outfitting pit crews with specialized shoes and exploring retail collaborations, while sponsors show growing interest.

Jordan’s entry into NASCAR ownership in 2020 was rooted in personal passion. A longtime fan influenced by his father, he saw an opportunity to bring his competitive ethos to a sport he loved. Early on, he spoke of wanting to win races and championships while helping diversify the fan base and garage. His partnership with Hamlin combined basketball royalty with NASCAR expertise.

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The charter dispute tested that commitment. Jordan testified that he felt compelled to act when he perceived the system limited teams’ ability to build sustainable value. “Someone had to step forward,” he told the court. “I wasn’t afraid.” He described learning the business side of NASCAR and becoming dissatisfied with aspects that he believed hindered growth and fairness.

Critics and supporters alike noted the lawsuit’s significance. Without Jordan’s resources and willingness to confront the France family — NASCAR’s controlling owners — the challenge might never have reached this point. Analysts described the settlement as a win for teams seeking permanence and a pragmatic outcome that allowed the sport to move forward without prolonged disruption.

NASCAR executives have acknowledged the need for evolution. The new charter framework provides long-term stability that many owners had sought for years. With the legal chapter closed, attention has shifted to competition and growing the sport’s audience. Jordan’s high profile and 23XI’s early success have generated fresh buzz, potentially attracting younger fans and corporate partners.

On the track, Reddick’s dominance has drawn praise from veterans like Kevin Harvick, who credited 23XI with having the fastest cars in the early going. The team has adapted well to NASCAR’s 2026 technical package adjustments, showing strength on superspeedways, intermediates, road courses and now traditional short tracks like Darlington.

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Jordan has repeatedly credited Hamlin as the “mastermind” behind operational success while emphasizing team-wide effort. He has also highlighted the importance of creating an environment where drivers and crew can thrive. Wallace, one of NASCAR’s most visible Black drivers, has spoken about the platform 23XI provides for broader representation.

Beyond racing, Jordan’s involvement continues to blend his iconic brand with motorsports. Speculation persists about potential Air Jordan-themed collaborations or expanded merchandising. His presence at races — often in team gear and engaging with fans — reinforces authenticity rather than celebrity detachment.

The 2026 season remains young, but 23XI’s four wins in six races have already rewritten expectations. Reddick holds a substantial points lead, positioning the team as a championship contender. Jordan has tempered expectations publicly while embracing the momentum, echoing his famous “Winning. That’s what it’s about!” mindset from basketball days.

Industry observers say Jordan’s willingness to fight for change, even at personal and financial risk, has left a lasting mark. The permanent charter system and enhanced team equity represent tangible shifts that could strengthen NASCAR’s business model long-term. At the same time, his team’s on-track results demonstrate that competitive excellence and advocacy can coexist.

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Jordan, now in his 60s, shows no signs of diminishing intensity. Whether celebrating a Daytona 500 victory or reflecting on courtroom battles, he approaches NASCAR with the same fire that defined his playing career. “I love that competitive juice,” he has said of drivers and teammates who share his drive.

As the Cup Series progresses through 2026, all eyes remain on 23XI Racing and its high-profile owner. Jordan’s dual legacy — as a champion who transformed basketball and now as an owner fighting to evolve stock car racing — continues to unfold. For a sport historically rooted in Southern tradition, his influence has injected new energy, broader appeal and a demand for fairness that resonates beyond the garage.

With permanent charters secured and victories accumulating, Michael Jordan’s competitive gene is proving as potent on the NASCAR circuit as it was on the hardwood. The question now is how far that drive — and the changes it helped spark — will carry both his team and the sport into the future.

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Momentum in mid-& small-caps to fuel fresh derivatives plays

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Momentum in mid-& small-caps to fuel fresh derivatives plays
As the mid- and small-cap segment extend their outperformance in May, various stock futures are seeing heightened activity. Here are analysts’ top derivatives bets for the month.

GE VERNOVA T&D INDIA

Change in Open Interest in June Series: 55.45% Change in price in June Series: 1%

RATIONALE: The sharp spike in open interest and price suggests a long buildup in the stock. “Technically, the stock has delivered a decisive breakout above the Rs 4,950 resistance zone and is sustaining near its lifetime high, indicating strong price acceptance at higher levels,” said Dhupesh Dhameja, derivatives analyst at Samco Securities. As long as the stock holds above Rs 4,850, the bullish structure remains intact with potential to move toward Rs 5,650, said Dhameja.

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COMPUTER AGE MANAGEMENT (CAMS)
Change in Open Interest in June Series: 4.78% Change in price in June Series: 0.57%


RATIONALE: CAMS is showing strength on the charts, shaping a constructive setup after a phase of healthy consolidation, said Dhameja.
“The stock continues to maintain a higher high–higher low structure and is comfortably trading above its rising 20-DMA, indicating that the primary trend remains fi rmly positive,” he said. “Price action near the Rs 780–800 zone suggests accumulation at higher levels rather than distribution, reflecting strong market participation.” Dhameja sees a potential upside of Rs 850, while Rs 750 remains a critical support level, below which the prevailing bullish structure would weaken.

SUZLON ENERGY
Change in Open Interest in June Series: 2.93% Change in price in June Series: 0.29%

RATIONALE: Following the stock decline from Rs 86 to 38 in the past 18 months, Suzlon has rebounded over 50% to Rs 57.75.

“At the current juncture, it is trading on the verge of a fresh breakout on the daily charts,” said Vipin Kumar, AVP – Derivatives and Technical Research at Globe Capital Market. “The recent surge in prices is well supported by a combination of long buildup and short covering in the last couple of trading sessions, alongside a strong rollover of 95%.” Kumar suggests traders buy its June futures in the Rs 55-57 range with a stop loss at Rs 52.5 for potential upside towards Rs 62-66.

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GMR AIRPORTS
Change in Open Interest in June Series: 4.1% Change in price in June Series: 2.55%

RATIONALE: GMR Airports has delivered a decisive breakout above the Rs 98–99 resistance zone, accompanied by a sharp surge in volumes, indicating strong institutional participation, said Ajit Mishra, SVP- Research, Religare Broking.

“The stock is trading above its key short-, medium-, and long-term moving averages, reinforcing the bullish structure. After spending several months in a broad consolidation range, the recent move suggests the beginning of a fresh uptrend with improving momentum indicators and RSI turning higher from neutral territory,” he said. Mishra suggests buying with a target of Rs 109 and a stop loss at Rs 97.

SIEMENS
Change in Open Interest in June Series: 5.74% Change in price in June Series: -1.96%

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RATIONALE: Kumar said that Siemens is well placed across multiple time frames, trading above both its short-term and long-term moving averages. “At the current juncture, it is on the verge of a fresh breakout from a two year-long congestion zone,” he said, suggesting adding the stock in the 3700–3800 range, with a stop loss at Rs 3540 for a price target of Rs 4200.

MAHINDRA & MAHINDRA
Change in Open Interest in June Series: 7.69% Change in price in June Series: -2.12%

RATIONALE: The price and open interest suggest a fresh short buildup. Mishra said M&M continues to remain under pressure, trading below its key moving averages. Traders may consider short positions with a target of Rs 2,910 and a stop loss at Rs 3,170, said Mishra.

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Fed’s Powell warns that politicizing the Fed would cost public trust

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Fed’s Powell warns that politicizing the Fed would cost public trust


Fed’s Powell warns that politicizing the Fed would cost public trust

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A year of grief and waiting: What remains when a plane falls from the sky

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A year of grief and waiting: What remains when a plane falls from the sky

A year after the Air India crash, a mother still speaks about her dead son in the present tense and a brother waits for answers.

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Japan’s factory growth slows as cost pressures surge, PMI shows

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Japan’s factory growth slows as cost pressures surge, PMI shows


Japan’s factory growth slows as cost pressures surge, PMI shows

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Rising stablecoin use could cement dollar dominance, ECB’s Schnabel says

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Rising stablecoin use could cement dollar dominance, ECB’s Schnabel says


Rising stablecoin use could cement dollar dominance, ECB’s Schnabel says

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Diana Shipping Inc. 2026 Q1 – Results – Earnings Call Presentation (NYSE:DSX) 2026-05-31

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Nebius: Ballooning Upside Potential (NASDAQ:NBIS)

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Nebius: Ballooning Upside Potential (NASDAQ:NBIS)

This article was written by

Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager. Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Ex-M&S chief to help government tackle youth unemployment

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Ex-M&S chief to help government tackle youth unemployment

Marc Bolland will advise on getting young people into work after a review warned of a “lost generation”.

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Caribbean hot sauce producers warn of shortages and higher prices

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Caribbean hot sauce producers warn of shortages and higher prices

Another Antiguan producer, Novella Payne, who cooks up a range of sauces, syrups and jams under her Granma Aki label, agrees. To avoid the high prices of Scotch bonnets, she also uses locally grown Moruga scorpion peppers, which are native to Trinidad. “They give it a nice flavour,” she says.

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Otovo ASA 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:OTOVD) 2026-05-31

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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