Author: Multibagger News

Investing.com – Samson Mow remains bullish on Bitcoin despite the recent market turmoil. The renowned analyst believes that the current bearish trend is setting the stage for a major rally in the future. In a recent social media post, Mow highlighted the rapid acceleration of Bitcoin adoption and the decline in fiat currency value as key drivers of future growth. One of the factors supporting Mow’s optimistic outlook is the increasing adoption of spot Bitcoin ETFs, which have helped balance out the impact of recent sell-offs. Despite recent price dips, Mow maintains his long-term projection that Bitcoin will eventually reach…

Unleashing the Potential: Nike (NYSE: NKE) Receives Buy Rating from CFRA with $89.00 Price Target On Friday, CFRA upgraded Nike’s rating from Hold to Buy, setting a price target of $89.00, citing emerging value despite forecasted challenges. The firm’s analysis reflects a belief that Nike’s stock multiple is primed to align with pre-pandemic levels, making it an attractive investment opportunity. Nike’s price target is based on a 25.5 times multiple of projected EPS for fiscal year 2025, signaling potential upside. Despite a recent top-line slowdown and increased competition, CFRA sees Nike’s commitment to innovation and efficiency as key drivers for…

Dovish Rate Cut in September Likely to Impact Market Trades, Citi Strategists Say In a recent note, Citi strategists emphasized the increasing likelihood of a dovish rate cut by the Fed in September, following testimony from Powell and the release of June CPI data. This indicates that the market may prioritize dovish FOMC trades before shifting focus to election-related trades. The strategists pointed out that while most Trump trades may have to wait until after the Fed cut, the steepener trade could benefit from both a dovish Fed and election trades. They also noted that positioning for the outperformance of…

Bunge and Viterra Offer Asset Sales to Secure EU Antitrust Approval for $34 Billion Merger BRUSSELS (Multibagger) – Leading U.S. grains merchant Bunge (NYSE: BG) and Glencore-backed Viterra have proposed selling some of their assets in two European Union countries to gain EU antitrust clearance for their monumental $34 billion merger. This move comes as the companies strive to address the European Commission’s competition concerns. According to sources with direct knowledge of the situation, the offer was submitted to the European Commission on Thursday. While the EU executive’s website confirmed the submission, it did not disclose specific details about the…

Germany to Abstain in EU Vote on Tariffs for Chinese Electric Vehicles Germany is reportedly planning to abstain in the upcoming European Union vote on imposing provisional tariffs on Chinese electric vehicles. The EU is looking to impose tariffs of up to 37.6% on EVs imported from China, escalating tensions with Beijing in what is the EU’s largest trade case to date. While this initial vote is not binding, it will be followed by a final vote where the European Commission’s tariff proposal will be adopted unless there is a qualified majority against it. This move could have significant implications…

European Leaders Defend Biden After Gaffes at NATO Summit – Is He Fit to Defeat Trump? European leaders came to the defense of U.S. President Joe Biden after a series of gaffes during a NATO summit, but the media in Europe raised doubts about his fitness to defeat Donald Trump in the upcoming presidential election. Biden, 81, made several mistakes, including mixing up names and introducing the Ukrainian President as “President Putin.” Despite the diplomatic responses from European leaders, the press in Europe questioned Biden’s ability to handle the demands of the White House. Analysis: The article discusses how European…

Justin Sun, TRON Founder, Breaks Silence on $69,000 Bitcoin Long Position In a surprising turn of events, Justin Sun, a prominent figure in the crypto industry and chief adviser to Huobi, has opened up about his investments in a recent social media post. Despite rumors circulating about his involvement in the market, Sun expressed his confidence in Bitcoin’s future but clarified that he did not take a long position at the $69,000 price level. The controversy arose when Ki Young Ju, CEO of CryptoQuant, claimed that Sun had opened a substantial Bitcoin long position using stUSDT as collateral. Ju alleged…

Breaking News: Southwest Airlines (NYSE: NYSE:) and Archer Aviation (NYSE: NYSE:) Partner to Develop Electric Air Taxi Network in California In a groundbreaking move, Southwest Airlines and Archer Aviation have joined forces to explore the creation of an electric air taxi network in California. This collaboration aims to integrate Archer’s cutting-edge eVTOL aircraft into Southwest’s operations at various California airports, revolutionizing urban transport. The partnership between these two industry giants signifies a major step towards providing efficient, low-noise, and emission-free transportation options for travelers. By leveraging Archer’s innovative Midnight aircraft, commuters could potentially reduce their hour-long car commutes to swift…

Citi Analysts Unveil Trump Trades Amid Fed Uncertainty In a recent note, Citi analysts have identified key strategic trades, known as “Trump trades,” that are poised to benefit from potential market movements influenced by a Trump presidency and upcoming Federal Reserve actions. However, most of these trades may need to wait until after the Fed’s next move. One exception highlighted by Citi is the attractiveness of steepeners, which could see gains from a dovish Fed and election-related shifts. With an expected rate cut in September, positioning for the outperformance of US equities over European equities could be advantageous. Despite the…

StubHub IPO Delayed: What It Means for Investors and the Market Introduction In a strategic move, StubHub, the renowned online ticket exchange company, has decided to delay its initial public offering (IPO) until at least September. The Wall Street Journal reports that this decision comes amid changing market conditions and internal company evaluations. For investors and market analysts, this delay opens up a realm of questions and opportunities. Why StubHub is Delaying Its IPO Several factors are influencing StubHub’s decision to push back its IPO. The company is likely responding to the volatile market conditions that have characterized much of…