Author: Multibagger News

The world is on high alert as Tropical Storm Beryl gains strength and heads towards the Texas coast. The U.S. National Hurricane Center has issued hurricane warnings, with Corpus Christi closing its port in anticipation of gale force winds. Parts of eastern Texas are on flood watch as the storm is expected to make landfall as a Category 1 hurricane. Earlier in the week, Beryl wreaked havoc across the Caribbean, leaving a trail of destruction and claiming at least 11 lives. Now, as it approaches Texas, the National Weather Service warns of storm surges causing coastal flooding and rip currents.…

Unprecedented Heat Wave Sweeps U.S. West Coast, Millions Under Excessive Heat Warnings By Tyler Clifford A widespread heat wave is expected to deliver a fresh batch of record temperatures along the U.S. West Coast, as millions of Americans sweat through a heat dome that is also hovering over Arizona and Nevada. About 36 million people — roughly 10% of the country — are under excessive heat warnings coming from the heat dome centered over California, the National Weather Service said on Sunday. Climate change is driving extreme heat waves across the world and will continue to deliver dangerous weather for…

Title: Satoshi Nakamoto’s Iconic Bitcoin Quote Marks 14 Years: What It Means for Investors Today As the world’s best investment manager and financial market journalist, I bring attention to a statement made by Satoshi Nakamoto on July 5, 2010, highlighting Bitcoin’s revolutionary principles. With a limited supply of 21 million coins, Bitcoin aims to counteract inflationary pressures of fiat currencies through decentralization and cryptographic security. Reflecting on the enduring truth of Satoshi’s vision, it is evident that Bitcoin has evolved significantly since its inception, becoming the leading cryptocurrency and a store of value known as “digital gold.” Despite recent price…

dir="ltr">The bank emphasized that the strong AI demand is driving growth in the semiconductor industry, leading to higher price targets for these European chip stocks. Title: Top AI Analyst Moves This Week: Nvidia Downgraded, Pure Storage Sells Off, Dell Soars, Amazon Nears Inflection Point, European Chip Stocks Rise Meta Description: Stay informed on the latest AI analyst moves in the market affecting major tech companies like Nvidia, Pure Storage, Dell, Amazon, and European chip stocks. In this week’s AI analyst moves, New Street Research downgraded Nvidia due to limited growth potential and increased competition, leading to a neutral rating and…

Stay informed about the potential impact of Tropical Storm Beryl on Texas ports and its potential effects on oil exports and refineries. Get the latest updates on port closures and vessel traffic restrictions. Tropical Storm Beryl, Texas ports, oil exports, refineries, vessel traffic restrictions As the world’s best investment manager and financial market journalist, I bring you the latest news on Tropical Storm Beryl’s threat to Texas ports. Ports along the Texas coast have started to close or restrict vessel traffic in preparation for the storm, which is expected to strengthen back to a Category 1 hurricane before hitting the…

Is This the Most Underestimated Bull Market? Alpine Macro Thinks So, and Here’s Why In a recent note, Alpine Macro strategists argue that analysts have consistently underestimated the current bull market. Despite widespread skepticism, the global investment firm believes equities are set to continue surpassing expectations, driven by broadening earnings growth and a resilient economy. Key Highlights: Analysts Miss the Mark: As we reach the midpoint of the year, stock indices have outperformed the top price targets set by Wall Street strategists for 2024. This discrepancy highlights a significant gap between market performance and analyst predictions, with targets falling far…

The Netherlands’ Support for Ukraine is “Rock Solid” – Dutch Ministers Affirm Strong Commitment In a show of unwavering support, newly appointed Dutch defence and foreign affairs ministers reassured Ukraine of the Netherlands’ steadfast commitment. Despite previous doubts stemming from a far-right election victory, the Netherlands remains a key ally to Ukraine since Russia’s invasion in February 2022. During their first visit to Kyiv, Defence Minister Ruben Brekelmans and Foreign Minister Caspar Veldkamp met with President Volodymyr Zelenskiy and other top Ukrainian officials. Veldkamp emphasized the Netherlands’ comprehensive backing for Ukraine in political, military, financial, and moral aspects, while Brekelmans…

Legendary Trader Peter Brandt Rings Alarm Bells for Bitcoin Investors – Market Analysis and Forecast Peter Brandt, a renowned figure in the financial world, has identified a concerning trend in the current market. Despite being in an overall uptrend, the price of Bitcoin, often referred to as digital gold, has been steadily declining. What’s more alarming is the severity of the correction that is currently underway. According to Brandt, who is known for his accurate predictions and deep market insights, Bitcoin has broken below the crucial 200 exponential moving average, a historically strong support level. This breach indicates the possibility…

Investors Brace for Inflation Report as Labor Market Shows Signs of Moderation After a holiday-shortened week, investors are gearing up for the upcoming inflation report, a key highlight of the week ahead. Last week, the labor market showed fresh signs of moderation, with June’s nonfarm payroll figures revealing a slight decrease in job growth and a uptick in the U.S. unemployment rate. Inflationary pressures, a concern for both markets and policymakers, may be easing as indicated by lower-than-expected figures in the ISM’s prices paid index. Annual wage gains from the nonfarm jobs report also saw a decrease, suggesting a potential…

Wall Street Recap: Key Analyst Upgrades and Downgrades You Can’t Afford to Miss Unpacking the Top Analyst Calls of the Week: Nvidia, Intercontinental Exchange, Pure Storage, and Charter Communications Intercontinental Exchange (NYSE: ICE) What Happened? Goldman Sachs upgraded Intercontinental Exchange (NYSE: ICE) to a "Buy" rating with a $167 price target on Monday. Full Analysis Goldman Sachs upgraded ICE from "Neutral" to "Buy," setting a 12-month price target at $167, suggesting a 22% upside. Despite sub-10% EPS growth over the past three years, Goldman anticipates EPS growth to accelerate into the low teens by 2025 and beyond. This optimism is…