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The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes. An uptick in cross-border volumes results from a growing international workforce and international trade. Possible interest rate cuts in 2024 are expected to make way for rebounding merger and acquisition (M&A) deals. Companies like Visa Inc. V , Mastercard Incorporated MA , Fiserv, Inc. FI , Fidelity National Information Services, Inc. FIS and Global Payments Inc. GPN are placed well to gain from the industry's encouraging growth prospects.

About the Industry

The Zacks Financial Transaction Services industry is part of the Financial Technology or the FinTech space, which includes companies with varying natures of businesses. The industry comprises card and payment processing and other solutions providers, ATM services and money remittance service providers and providers of investment solutions to financial advisors. The players in this segment operate their unique and proprietary global payments network that links issuers and acquirers around the globe to facilitate the switching of transactions, permitting account holders to use their products at millions of acceptance locations. Monetary transactions are effectuated through these networks, offering a convenient, quick and secure payment method in several currencies across the globe. The industry is benefiting from the ongoing digitization movement triggered by the pandemic.

4 Trends Influencing the Financial Transaction Services Industry's Future

A Rapidly Expanding Digital Era: The widespread adoption of digital means across every sphere of life provides a perfect ground for industry participants to capitalize on through an enhanced digital solutions suite. They pursue significant technology investments to come up with several flexible digital payment options such as cryptocurrency, biometrics, QR codes and buy now, pay later solutions. Additions of such lucrative solutions, that promise to ease everyday digital payments, within one's portfolio inevitably attract a higher number of customers and diversify the revenue streams of the companies. Apart from building a solid payment solutions suite, the industry participants also remain equipped with effective fraud prevention solutions to counter sophisticated forms of cybercrimes.

Favorable Consumer Spending: Consumers' affinity to spend more results in increased utilization of product and services suite of the industry participants. Therefore, the resultant benefit of increased consumer spending is reaped by them in the form of processing higher transaction volumes and subsequently earning higher revenues. Per Fitch Ratings, consumer spending was resilient across the United States in 2023, and strong wage gains, moderated inflation level and favorable consumer sentiment positively impacted the metric. The continued positive sentiment and excess savings made by consumers made Fitch revise the 2024 forecast for annual real consumer spending from 0.6% to 1.3%.Loading… Loading…

Solid Cross-Border Volumes: Financial transaction service stocks, having exposure to the cross-border business, benefit from an opportunity to process higher cross-border volumes as a result of an expansion in international trade and steady demand for efficient remittance services. According to The Brainy Market Insights, the global cross-border payments market is anticipated to witness an 8% CAGR over 2024-2033. Companies with enhanced cross-border payment solutions will be a lucrative option as they seamlessly process international transactions and manage currency exchange and settlement. The solutions portfolio remains of great use in enabling easy acceptance of payments from customers across different countries, sending supplier payments and, therefore, ensuring smooth business operations. The emergence of a rising international workforce sustains the solid demand for efficient cross-border remittance services.

Pursuit of the M&A Strategy: For building a digital solutions suite, the Financial Transaction Services industry players resort to a M&A strategy in addition to undertaking technology investments. These initiatives are essential means to expand capabilities, bring diversification benefits, boost customer base and solidify global presence. As the Fed points to possible interest rate cuts in 2024, borrowing costs are expected to witness a decline, thereby making it easier for industry participants to opt for loans to enter M&A deals and avoid complete exhaustion of cash reserves. After facing a roadblock in 2023, M&A activities are expected to rebound in 2024, per Morgan Stanley Investment Banking.

Zacks Industry Rank Instills Optimism

The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all member stocks, indicates bright near-term prospects. The Zacks Financial Transaction Services industry is housed within the broader Zacks Business Services sector. It currently carries a Zacks Industry Rank #73, which places it in the top 29% of more than 250 Zacks industries.

Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate.

Before we present a few stocks that you may want to buy or retain in your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.

Industry Outperforms Sector But Lags S&P 500

The Zacks Financial Transaction Services industry has outperformed its sector but underperformed the Zacks S&P 500 composite year to date.

In the said time frame, the industry has gained 6.2% compared with the Business Services sector's rally of 5.2%. The S&P 500 has gained 7.7% in the same time frame.Year-To-Date Price Performance

Industry's Current Valuation

On the basis of the forward 12-month Price/Earnings ratio, commonly used for valuing financial transaction services stocks, the industry is currently trading at 23.04X compared with the S&P 500's 20.88X and the sector's 25.44X.

Over the last five years, the industry traded as high as 32.49X, as low as 17.61X and at the median of 25.04X.Forward 12-Month Price/Earnings (P/E) Ratio

5 Stocks to Keep a Close Eye on

We are presenting five stocks from the Financial Transaction Services industry that currently carry a Zacks Rank #3 (Hold). Considering the current industry scenario, it might be prudent for investors to retain these stocks in their portfolio, as these are well-placed to generate growth in the long haul.

Visa: Visa, headquartered in San Francisco, is one of the world's leaders in digital payments. Numerous acquisitions, alliances and expanding payments volume continue to drive revenues of the company. Several digital solutions such as Visa Token Service, Visa Checkout and Visa In-App Provisioning have been developed by V in recent years to upgrade its digital platform. Investments worth $10 billion have been made by the leader in digital payments over the past five years in technology and innovation.

The Zacks Consensus Estimate for Visa's fiscal 2024 earnings is pegged at $9.89 per share, indicating a 12.8% rise from the year-ago reported figure. V's earnings beat estimates in each of the last four quarters, the average being 4.09%.Price and Consensus: V

Mastercard: The Purchase, NY-based company frequently resorts to tie-ups with financial institutions or undertakes significant investments to occupy a significant share in the global payments market. The Mastercard Cross-Border Services platform imparts customers the capability of safely conducting cross-border money trasfers across 30 countries. Its strategic acquisitions bolster its operational capabilities.

The Zacks Consensus Estimate for Mastercard's 2024 earnings is pegged at $14.35 per share, indicating a 17.1% rise from the year-ago reported figure. MA's earnings beat estimates in each of the last four quarters, the average being 3.49%.Price and Consensus: MA

Fiserv: Based in Brookfield, WI, Fiserv provides a varied array of products and services. The diverse product and service portfolio enables the company to serve various segments of the financial services industry. Its acquisitions of Skytef and Sled in 2023 are expected to facilitate the augmentation of the company's distribution network.

The Zacks Consensus Estimate for Fiserv's 2024 earnings is pegged at $8.62 per share, indicating a 14.6% rise from the year-ago reported figure. FI's earnings beat estimates in three of the last four quarters and matched the mark once, the average being 1.04%.Price and Consensus: FI

Fidelity National: The Florida-based FIS benefit from the sound performances of its Banking Solutions and Capital Market Solutions segments. The company pursues organic growth strategies and acquisitions, which, in turn, continue to fetch multi-year recurring contracts. Fidelity National comes up with advanced solutions in a bid to boost its client base and expand across addressable markets.

The Zacks Consensus Estimate for Fidelity National's 2024 earnings is pegged at $4.66 per share, which indicates an improvement of 38.3% from the year-ago reported figure. The consensus mark for 2024 earnings has moved 3.1% north over the past 60 days.Price and Consensus: FIS

Global Payments: Headquartered in Atlanta, GA, Global Payments is aided by strong contributions from the Merchant Solutions and Issuer Solutions segments. Merchant Solutions' performance benefits on the back of higher transaction volumes. It resorts to acquisitions, partnerships and joint ventures for enhancing capabilities and boosting business scale. Buyouts remain one of the management's priorities to allocate capital.

The Zacks Consensus Estimate for Global Payments' 2024 earnings is pegged at $11.62 per share, indicating an 11.5% rise from the year-ago figure. GPN's earnings beat estimates in each of the last four quarters, the average being 2.04%.Price and Consensus: GPN

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How Gavin McKenna’s Penn State commitment shifted the NHL prospect landscape

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How Gavin McKenna's Penn State commitment shifted the NHL prospect landscape

When Gavin McKenna is selected first in the 2026 NHL draft, which is the consensus projection for the 17-year-old phenom, it’ll be significant on several levels.

He’s a ladder out of the abyss for some moribund team that’s lucky enough to win the NHL draft lottery. He’s another young offensive star for the NHL to market, having amassed 129 points in 56 games with the Medicine Hat Tigers of the Western Hockey League last season, while drawing comparisons to wingers like Patrick Kane and Nikita Kucherov.

He’s hope. He’s the future. But presently, Gavin McKenna represents something else entirely in hockey: He embodies the dramatic changes between the NCAA, Canadian Hockey League and the NHL that have altered the path for NHL prospects.

McKenna shocked the hockey world by opting to leave Canadian junior hockey for Penn State University’s men’s hockey program. He could have remained in the CHL for another dominant season. Instead, he’ll be an 18-year-old freshman battling in the Big Ten against bigger, stronger and more experienced players.

“It was a super tough decision. There are a lot of really great options out there. But me, my family and everyone in my circle decided that the best spot for me next year is Penn State,” he said, announcing his decision on “SportsCenter.”

McKenna’s big move comes at a time of radical changes for NHL prospects. Last November, the NCAA ruled that Canadian junior players were now eligible to play on Division I teams, ending a decades-old policy that made young athletes choose between the CHL and college hockey. The new rules go into effect in August, making McKenna one of the first Canadian junior players to make the jump to the NCAA — and easily the most significant one.

“Gavin’s elite. He’s dominated junior hockey like very few have in the past,” TSN prospects analyst Craig Button said.

That historic decision by the NCAA arrived just as college hockey programs were now flush with name, image and likeness (NIL) financial enticements for players. McKenna’s NIL money for attending Penn State is “in the ballpark” of $700,000, a source tells ESPN. Michigan State, the runner-up for McKenna’s commitment, had an NIL offer of around $200,000 to $300,000, according to College Hockey Insider.

The Nittany Lions men’s hockey program joined Division I in 2012, playing for one season as an independent until construction was completed on its new arena, funded primarily by Penn State alum Terry Pegula, owner of the Buffalo Sabres and Buffalo Bills. Penn State joined the Big Ten in 2013-14 when that conference began sponsoring hockey.

The progress has been steady for Penn State hockey. In 2015, its first alum made his NHL debut, as Casey Bailey suited up for the Toronto Maple Leafs. Penn State won the Big Ten tournament in 2017 and the regular-season title in 2020. The Nittany Lions made the Frozen Four for the first time this past season, losing to Boston University in the semifinals. All the while, they had a state-of-the-art new building and a boisterous home-ice advantage thanks to their raucous student section.

“It’s a good program. Penn State’s got a nice setup,” said Tony Granato, who coached Wisconsin in the Big Ten from 2016 to 2023. “They’re starting to carve out a little niche for themselves that differentiates them from Michigan or Michigan State or Wisconsin.”

Now it has a star whose name could become synonymous with Penn State hockey.

The Nittany Lions have had eight players drafted by NHL teams. Last month, defenseman Jackson Smith technically became the first Penn State player taken in the first round, the No. 14 pick by the Columbus Blue Jackets, although he’s an incoming freshman.

But the idea that the program could produce a No. 1 pick in the NHL draft was outlandish, even in the NIL era. Not anymore. Penn State coach Guy Gadowsky gives all the credit to McKenna for taking that leap of faith with his program.

“I think when you talk about Penn State specifically, I think he has a bit of a pioneering mindset. He wants to be the first, and I think he’s very comfortable with that pressure,” Gadowsky said.

Agent Pat Brisson has worked with other NHL draft phenoms who were selected first overall: Sidney Crosby (2005, Pittsburgh Penguins), John Tavares (2009, New York Islanders) and Nathan MacKinnon (2013, Colorado Avalanche). Now he’s working with McKenna, along with Matt Williams, a rising star at CAA.

“From the get-go, [Penn State] is where he wanted to go. It was something in his mind that he wanted,” Brisson told ESPN. “I’ve learned one thing about some of these young, special ones: They have that special chip in them. They have these goals in mind that they are special for a reason. I sit with Gavin and I can see in his eyes how the brain is working. It’s just unique. It’s hard to explain.”

Even harder to explain: what the path McKenna and other Canadian junior hockey stars are taking will mean for the sport in the years to come.


THE SUPREME COURT’S 2021 decision in NCAA v. Alston allowed for non-scholarship earned income across every division. That’s what helped create NIL allowances in college sports, in which athletes were no longer prohibited from making deals to profit off their name, image and likeness while competing in the NCAA.

Last month, the NIL landscape shifted dramatically when three separate federal antitrust lawsuits were ended through a $2.8 billion settlement that allowed colleges, going forward, to directly pay student-athletes up to a certain limit. The annual cap is expected to start at roughly $20.5 million per school in 2025-26.

Brisson said the NIL money didn’t fuel the decision by McKenna and his family. “The NIL obviously comes into play, but it’s not the primary decision of why he decided to go to college,” he said. “It’s all about the next step. We viewed this, along with the family, as an opportunity to continue to grow as a player more than anything else.”

Granato also believed the NIL money was part of McKenna’s decision but not the driving force. The former Wisconsin coach played 13 seasons in the NHL. Granato knows what’s awaiting McKenna after next year’s draft, and hence doesn’t believe NIL money could have been the determining factor here.

“Gavin McKenna is going to make more money than he could ever need in a real short period of time. So I don’t think it was down to the dollars and cents,” he said. “I think it was down to the respect and to the approach that Penn State laid out for him. Obviously, the money was to say how badly they wanted him, but I think that they made a big commitment to try to get their program to be a top team in the country.”

Granato said the benefits for Penn State go beyond what happens on the ice next season.

“If Gavin McKenna’s going to be on TV and in the Stanley Cup playoffs for the next 20 years, and he’s going to have a Penn State logo next to him through all the things he’s going to accomplish? The value he would bring to the university? I’d say that $700,000 or whatever is probably a pretty cheap investment,” he said.

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Gavin McKenna scores sensational solo goal in the WHL

Top 2026 NHL draft-eligible prospect Gavin McKenna scores a goal-of-the-year candidate in Game 2 of the second-round series between the Medicine Hat Tigers and Prince Albert Raiders.

McKenna’s decision to go to the NCAA would have been a much more complicated one in the past. The NCAA had deemed anyone who played in the CHL ineligible because there are players who have signed professional contracts with NHL teams playing in those leagues that comprise it: the Ontario Hockey League, Western Hockey League and Quebec Maritimes Junior Hockey League. CHL players are also paid a monthly stipend that is capped at $250.

But in November 2024, the NCAA Division I council voted to make CHL players eligible for NCAA Division I hockey beginning in 2025. The council ruled that players can compete in the CHL without jeopardizing their NCAA Division I hockey eligibility, provided they aren’t “paid more than actual and necessary expenses as part of that participation.”

At the time, Western Hockey League commissioner Dan Near put out a statement supporting the NCAA rules changes as a way to “relieve the tension” for young players and their families who had to decide between junior hockey and NCAA eligibility.

“We stand by that. Just because we’re disappointed that Gavin won’t play in our league next year doesn’t mean that we have this whole different point of view on it,” Near told ESPN. “We wish Gavin the best. They had an incredible team in Medicine Hat. He did a lot for the community and the league. I hope he’s hugely successful.”

Near cautioned against drawing conclusions based on McKenna’s chosen path to the NHL.

“Gavin McKenna moving on early from the WHL or the CHL is not the same as all of the other changes going on,” he said. “It’s a notable cog in the wheel for sure. But this is such a giant, complicated environment that we live in right now that’s so rapidly changing. I think almost everybody would acknowledge that it’s going to take some time to see what happens.”

But McKenna’s decision has codified what many believe could be a new prospect pipeline in hockey: players starting in the CHL and then moving to the NCAA right before they’re drafted in the NHL — or immediately afterward.


BUTTON BELIEVES THAT McKenna’s path is the new pipeline. He played 16 games with Medicine Hat in 2022-23, followed by 61 games in 2023-24 — scoring 97 points — and then 56 games last season before packing up for Penn State.

“Now you can go, ‘What’s best for my development at 15? Or 16? Or 17?’ There’s going to be a lot of players who play in the CHL because the level of play and the coaching is good. But now they don’t have to forgo that opportunity to play in the NCAA,” he said.

There are differences between the two paths. The CHL has players competing in significantly more games in preparation for an NHL-like grind. The NCAA plays fewer games, leaving players more time to develop and train between them. The CHL offers players a chance to compete against those around their own development curve, while the NCAA has 18-year-olds battling against 23-year-olds. The CHL is billet life. The NCAA is college life.

Button is an optimist about the changing landscape. “I really, really love the idea that more doors open and present options for the players to look at their development in a different way,” he said.

He also doesn’t see this as a serious blow to the CHL. He points to NHL stars like Kane and Matthew Tkachuk that selected Canadian juniors over the NCAA. He notes that the current top prospects that do end up in the NCAA will likely do so after spending significant time in Canadian juniors. McKenna played 2½ seasons at Medicine Hat before making the leap to Penn State, leading the team to a conference championship and a Memorial Cup appearance last season.

“I know the CHL doesn’t want to lose 19-year-old kids to the NCAA, but they’re also going to get players that they weren’t going to get at 16 and 17,” Button said.

But Near doesn’t believe this is necessarily a new talent pipeline for NHL prospects.

“I have no problem with people experimenting or trying things out. I have no problem with other leagues that might be envious of the success that we’ve had — or wish to be declared as our equal — trying to suggest that we should be a development league for the NCAA, which in turn would be a development league for the NHL,” Near said.

“But that’s not what we are.”

The WHL commissioner notes the CHL has the better track record for player development, one that stretches back 50 years. He points to the 2025 NHL draft, in which 21 of the first round’s 32 picks came from Canadian junior hockey, while five picks were credited to U.S. college programs.

“The idea of someone going to the NCAA before their draft year will be occasional,” Near said. “This isn’t just about money. It’s also about what environment is going to put a player in the best situation to further his hockey development.”

He points to the billet environment. “Having a mother figure and a father figure around you to support you, help you with meals and help teach you how to do laundry and be independent,” he said.

He points to the CHL schedule and the number of games in which players will appear during a typical season, noting that the former junior players who get their professional start in the American Hockey League have said the CHL best prepared them for that grind.

Near isn’t looking to have the WHL rest on its reputation. He has a survey out to players this offseason to hear about what works and what doesn’t for them. “We’re not crossing our arms and saying we do it better. We’re spending a lot of time assessing what we can do better, how we can enhance the player experience and environment,” he said.

That includes thinking about CHL players that might find their way back to junior hockey after moving over to the NCAA. It’s a trend several sources anticipated happening in the new paradigm.

Factors behind that reversal could range from a lack of ice time to the realization that they’re not ready to face older competition to the fact that not every 18-year-old “walking onto a college campus, jumping onto the first power play and making the most NIL money” will be welcomed with open arms by older teammates with their own NHL aspirations, as one NHL source framed it.

“NCAA hockey is hard for a lot of 18- and 19-year-olds,” said Button, who sees the option to go back to juniors like a part of the transfer portal.

“There’s a transfer portal in the NCAA athletics right now. Maybe not as much ice time. Maybe there’s a depth chart where I don’t fit in. Maybe I’m not getting as much. So now you have the transfer portal in between schools, and there’s going to be a transfer portal back to the CHL. That’s going to be reality,” he said.

Another potential wrinkle for Canadians coming to the NCAA: rapidly changing immigration policies that could impact student visa statuses. It’s a topic Big Ten schools like Oregon have openly discussed since NIL started.

“I’m not rooting for anything to go poorly, but we are setting up our operations so that if a player has regrets that we’re going to welcome them back,” Near said.

“I think that there’s a possibility some guys swing back to our league. I think people will maybe develop a greater appreciation for all the things we do to create a player development experience. I wish it would come faster, because it’s a stressful time. But we’re watching closely and we’re acting where we think it makes sense.”

While times are stressful for Canadian junior hockey, Button doesn’t believe changes to the prospect pipeline are a net negative for the CHL.

“You have some people saying that everything is going to hell in a handbasket. No, it isn’t,” he said. “Doors are opening for the CHL teams with getting good younger players into their program. The NCAA is getting more talent from the players that have been drafted, who now see college hockey as an option. NHL teams have more options open to them with respect to being sure about who they’re signing. I think that’s great.”


AS IF THE PROSPECT LANDSCAPE hadn’t undergone enough change, the NHL and the NHLPA further shifted it themselves in their new collective bargaining agreement, which begins in the 2026-27 season.

One major change concerns 19-year-old players that were drafted by NHL teams from Canadian juniors. The NHL-CHL transfer agreement dictates that they either have to make an NHL roster or be returned to their junior team. Currently, CHL players can’t play in the American Hockey League until they turn 20 or complete four seasons in the CHL.

In the new CBA, the NHL will reopen its agreement with the CHL to seek to eliminate the mandatory return rule. “NHL will seek to limit NHL Clubs to Loaning no more than one (1) 19-year-old player per year to the AHL without the requirement of first offering such player to his junior club,” reads the new amendment.

Perhaps more importantly for the NHL draft, the new CBA states that players selected at age 18 will have their rights retained until “the fourth June 1 after they were drafted.” For 19-year-old draft picks, their rights will be retained “until the third June 1 after they were drafted.”

Button sees this as a significant new development window for teams and players that will impact juniors and the NCAA.

“The team has your rights for four years. It used to be in the CHL that you had to sign the player two years after you drafted him,” he said. “In the past, you might have to make a signing decision. Now, if a 20-year-old player might not be ready, a team can send him to the NCAA to get another year under his belt while retaining his rights.”

This practice could become one of the most significant developments in the post-NCAA eligibility world: that NHL teams could use the NCAA as a preparatory league for former Canadian junior players before bringing them to the pro level.

“I think that because of that fact, you are going to get more high-profile players in college hockey,” Gadowsky said. “NHL teams are going to support going to college hockey because of that. There are a lot of great players that have had a lot of success in junior hockey and are looking for the next step, but that may not be ready to reach the NHL. I think college hockey is an attractive option for many NHL teams.”

This trend is already happening. The Calgary Flames took center Cole Reschny from the WHL Victoria Royals at No. 18 in last month’s draft. Reschny is headed to North Dakota next season. (His Royals teammate Keaton Verhoeff, a highly touted defenseman, will join him at NoDak as the rare 17-year-old NCAA player.) The New York Rangers drafted winger Malcolm Spence from the OHL Erie Otters at No. 43. He’ll play at the University of Michigan next season.

“The CHL and the USHL teams have resources. They spend a lot of time on development, but it’s different at an NCAA school, especially a major power,” Button said. “It’s going to be really interesting for the kids at 18 who aren’t NHL-ready to go back to junior, and then at 19 you’re like ‘You’re either in the NHL or you’re back in junior.’ Well, now there’s the NCAA as the next step in terms of their development. You have to be a student-athlete and you have to commit to that. But I think the NHL benefits from this, too.”


MCKENNA WILL LIKELY head straight to the NHL after next summer’s draft, as almost every No. 1 pick has done for decades. He’ll do so after facing older, larger players for a season before joining the NHL, like Macklin Celebrini did with Boston University and Auston Matthews did with Zurich SC in the Swiss league.

“The guys that have confidence and are ready for that next challenge, that’s not going to scare them. They don’t care about dropping in the draft. They care about getting better,” Granato said. “If they’re going to get better by going to play against older and bigger and stronger players in a better league, they’re going to do it. That’s just their mentality.”

McKenna would be just the fourth winger in the past 15 drafts to be selected first overall, after Nail Yakupov (Edmonton Oilers, 2012), Alexis Lafreniere (New York Rangers, 2020) and Juraj Slafkovsky (Montreal Canadiens, 2022). None of these players had the early buzz that McKenna has generated, which is usually reserved for a franchise-level center among offensive players, like Connor McDavid or Matthews.

Button doesn’t see McKenna on McDavid’s level, and doesn’t see him as the goal scorer that Matthews has become. On the recent NHL first overall pick scale, he would slot McKenna in between Celebrini (San Jose, 2024) and Connor Bedard (Chicago, 2023).

But Button said the NHL comparables for McKenna — should he reach the potential of his trajectory — are a pair of former Hart Trophy winners: Patrick Kane and Nikita Kucherov. Both players can score goals, as Kane is sixth (492) and Kucherov is 22nd (357) among active players. But it’s their playmaking ability on the wing that reminds Button of McKenna, who was a Kane fan (and a Blackhawks fan) growing up in Whitehorse, Yukon.

“The way he can control the game, take over games. I think we play similar styles. Smart hockey players that can slow down the game but speed it up when we want,” McKenna said.

Gadowsky said McKenna’s ability to slow things down and create at his pace is indicative of an elite player that thinks the game differently. Gadowsky grew up watching Wayne Gretzky. While he’s not about to make a direct comparison between “The Great One” and “The Nittany One,” the way they both process hockey is something no one can teach them. It’s inherent.

“There’s no way that I or anybody else on our staff thinks like Gavin does. He is a very, very special athlete,” he said. “By no means am I ever going to talk to him about how his mind creates. That’s all him, and it’s going to be really fun to watch.”

That Penn State fans will be the ones watching him is still a bit surreal for Gadowsky, the only coach the program has known as part of the Big Ten. The Nittany Lions have been a slow-building success. Getting McKenna to commit is one giant leap forward for the program — and for college hockey.

“There’s a ton of great Penn State supporters that are really, really excited to watch him play and see what he does in the future,” Gadowsky said. “I mean, they’re going to love him. They’re going to absolutely love him and we’re thrilled that someone of his stature is going to be attached to Penn State.”

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Century-Old Thermoelectric Effect Finally Observed – Transverse Thomson Effect Discovery Explained

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Century-Old Thermoelectric Effect Finally Observed – Transverse Thomson Effect Discovery Explained

In a recent paper published online, researchers have reported the transverse Thomson effect’s first experimental observation. It is a key thermoelectric phenomenon that has made scientists avoid it since it was predicted almost a century ago. Physicists have observed thermoelectric effects to understand the connection between heat and electricity on the basis of the Peltier, Seebeck and Thomson effects studied during the 1800s. The Thomson effect includes heating or cooling during the flow of electric current and a temperature gradient towards the same direction through a conductor.

How Scientists Isolated the Elusive Transverse Thomson Effect

As per phys org, Scientists found the transverse version of the effect that exists when the electric current, magnetic field and temperature gradient interact. A team led by Atsushi Takahagi experimentally demonstrated the higher order effect of thermoelectricity. The researchers isolated the signals by applying extracted temperature modulations that oscillates at the same frequency and applying periodic electric currents. Through two sets of measurements, the team successfully isolated the Thomson effect from overlapping signals.

The Role of Bismuth Antimony Alloy in Demonstrating the Effect

For their experiments, the team picked a bismuth antimony alloy, which shows a strong Nernst effect at room temperature. This effect occurs when the temperature gradient and magnetic field are applied orthogonally and generate an electric field perpendicularly. The Ettingshausen effect, on the reverse, creates a temperature gradient from the magnetic and electric field. The researchers found that the transverse Thomson effect is dependent on the temperature derivative of the Nernst coefficient itself, which is different from the conventional one.

Switching Between Heating and Cooling Using Magnetic Fields

A surprising finding was the ability to switch between the cooling and heating simply by changing the direction of the magnetic field. This interplay led to the reversal sign in the effect at the magnetic field strengths, and was confirmed through experiments and numerical simulations.

New Possibilities for Thermal Management and Future Research Directions

The discovery made its way for these different thermal management applications, especially where controlled heat is required. The future research might focus on finding new materials where both the gradients of the transverse Thomson coefficient amplify each other and do not cancel out, which signals the high performance of thermoelectric materials.

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Mizzou coach touts Big Ten plan, axing committee

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Mizzou coach touts Big Ten plan, axing committee

ATLANTA — Missouri coach Eliah Drinkwitz on Thursday unabashedly advocated for a playoff format that runs contrary to the one supported by many of his SEC peers, aligning himself with the Big Ten’s proposal of four automatic qualifiers for the Big Ten and SEC in a 16-team field in 2026.

Drinkwitz, speaking to ESPN on the last day of SEC media days, said he would “100 percent” like to eliminate the CFP selection committee from the process and isn’t opposed to getting rid of the SEC championship game. He said increasing the field by two or four is “inconsequential,” and his ideal model would allocate four guaranteed spots each to the Big Ten and SEC, three each to the ACC and Big 12, one for the highest-ranked Group of 5 conference champion and another at-large.

“Why are we wasting all this time discussing it?” he said. “If we’re going to do something monumental, do something monumental. Think outside the box. It’s a very easy approach. … We’ve all complained. The commissioner got up and complained. Coaches got up and complained about the selection process, which is understandable. It’s a human system that has no standard of picking. There’s going to be implicit bias. Why would we add more to that? I don’t understand that.”

The SEC coaches began to lean toward the 5+11 model — which includes the five highest-ranked conference champions and 11 at-large teams — at their spring meetings in Destin, Florida, after seeing graphs and elements from a study of the playoff that simulated what would have happened in various models. While it wasn’t unanimous — Ole Miss coach Lane Kiffin this week continued to push for the 16 best teams without automatic bids — the SEC’s support for the 5+11 format elicited public and private sentiments of agreement from other FBS leaders, including in the ACC and Big 12.

Around two months later, Drinkwitz said now that he has had time to think about it, he believes the model with automatic qualifiers would best benefit a program like Missouri, which has been a Top 25 team recently but still out of reach for the CFP.

“When you actually sit back and can sit on a beach and read books and think through, you’re like, ‘Wait, this doesn’t make sense,'” he said of the 5+11 model. “It doesn’t make sense for the University of Missouri. It makes sense for blue bloods who are consistently ranked in the Top 25 and every year have the implicit bias of being ranked — maybe not based off product, but based off of media marketing and branding. But if you’re talking about in the SEC, you have to finish in the top eight to compete in the playoff? Or in the SEC you have to finish in the top three? That’s a totally different challenge.”

Earlier Thursday morning, Drinkwitz opened his remarks at the podium by conceding he realized what he was about to say “is not going to do me any favors with our commissioner.” On Monday, Sankey said the SEC and Big Ten had a “different view” of what the playoff should be.

“I haven’t picked the format,” Sankey told ESPN on Wednesday about his playoff preference. “What I’ve said is, after our conversations, our membership is interested in moving to 16, I think that’s a responsible way to communicate it.”

Drinkwitz said models with automatic qualifiers were presented to the SEC coaches in Destin two ways: with and without the conference title game.

“I’m for the SEC championship game,” he said. “I think it’s a great game. We’re doing more to eliminate it by adding an 11+5 model because what’s the emphasis of playing that game?”

With the SEC championship game still a part of the process, the play-in games would include No. 3 vs. No. 6 and No. 4 vs. No. 5. Without the SEC title game, there could be eight SEC teams playing for a spot on conference championship weekend.

“Would you rather miss the playoff because a selection committee didn’t pick you? Or miss the playoff because you didn’t win on the field?” Drinkwitz said. “Which one is easier for the fan base, the players and the coaches to accept? Instead we’re going to get up here and complain about the selection committee that we know is a flawed process. I just don’t understand. There’s lies, there’s damn lies, and there’s statistics. We’re going to rely on statistics.”

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