Author: Multibagger News

Zoom Video Communications Inc COO Aparna Bawa Sells $630,000 Worth of Stock Zoom Video Communications Inc COO Aparna Bawa recently sold over $630,000 worth of company stock, totaling 11,060 shares at $57.15 each on July 9, 2024. This sale was a “sell to cover” transaction to cover tax obligations, reducing Bawa’s direct holdings to 12,310 shares. Additionally, Bawa acquired shares through options exercise, but these were non-monetary transactions. Zoom, a computer programming and data processing company, has seen increased interest from investors due to the rise in remote work and video conferencing demand. Insider transactions like Bawa’s sale can provide…

TD Securities Predicts Gold Prices to Surge in Coming Weeks, Targeting $2,475 an Ounce by Q1 2025 In a recent note, TD Securities forecasted a bullish trend for gold prices in the near future, citing steady central bank buying and increased clarity on U.S. interest rate cuts as key factors driving the yellow metal’s ascent. Despite a temporary stall following reports of the People’s Bank of China halting gold purchases in June, TD remains optimistic about gold’s prospects. The Reserve Bank of India, the National Bank of Poland, and the Czech National Bank all continued to add to their gold…

Oil Prices Rise on Stronger Demand Signals – Best Investment Manager Analysis By Arathy Somasekhar (Multibagger) – Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signaling stronger demand. Crude oil futures rose 35 cents, or 0.4%, to $85.43 a barrel. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel. Crude oil inventories fell by 3.4 million barrels to 445.1 million barrels in the week ended July 5, surpassing analysts’ expectations. Gasoline stocks also fell by 2 million barrels, much more than…

Brazil’s Lower House Approves Major Tax Overhaul Bill | Investing News In a groundbreaking move, lawmakers in Brazil’s lower house have approved the main text of a bill for a major tax overhaul. This reform aims to enhance productivity by simplifying a tax system that has been criticized for imposing excessive costs on businesses. The bill, which still needs to be voted on in the Senate, includes provisions necessary to implement a constitutional tax reform that was passed last year. One of the key changes proposed is the consolidation of five existing taxes into a single consumption levy, similar to…

The Shocking Call for President Biden to Withdraw from Reelection Bid – Analysis and Breakdown In a bold move, Democrat Senator Peter Welch publicly urged President Joe Biden to withdraw from his reelection bid after a disastrous debate performance against Republican frontrunner Donald Trump. Welch’s call, detailed in a Washington Post opinion piece, highlights concerns over Biden’s ability to effectively run against Trump. Welch emphasized the need for Biden to reassess his candidacy, pointing out the valid questions raised about the President’s performance. He even went as far as to suggest Vice President Kamala Harris as a potential replacement for…

Silver Lake Executives Engage in Significant Trading of Dell Technologies Stock – What Does this Mean for Investors? In recent SEC filings, it has been revealed that executives at Silver Lake, a prominent technology investing firm, have conducted substantial trading of Dell Technologies Inc. (NYSE: DELL) stock. These transactions, which occurred on July 8 and 9, 2024, involved both sales and acquisitions of Dell’s Class C Common Stock by various entities within the Silver Lake corporate family. The sales transactions totaled over $291 million, with share prices ranging from $144.68 to $146.66. Specifically, Silver Lake Partners IV, L.P. and related…

Silver Lake Entities Report Transactions with Dell Technologies Inc., Signaling Market Activity Silver Lake, a global technology investment leader, recently conducted a series of transactions involving Dell Technologies Inc. (NYSE: DELL) shares through various entities. The transactions, which occurred on July 8 and 9, 2024, included acquisitions and disposals of Dell’s Class C Common Stock. The entities engaged in these transactions were Silver Lake Technology Associates V, L.P., Silver Lake Partners V DE (AIV), L.P., Silver Lake Technology Investors V, L.P., and SLTA V (GP), L.L.C. These transactions totaled around $291.34 million, with shares selling at prices ranging from $144.68…

US Stock Futures Dip as Wall Street Awaits Crucial Inflation Data for Fed’s Next Move Investing.com – US Stock Futures Edge Lower as Wall Street Anticipates Key Inflation Data. The evening trading session on Wednesday saw US stock index futures experience a slight dip, following a recent rally. Investors are now turning their attention to upcoming inflation data, which is expected to provide crucial signals for the Federal Reserve’s potential interest rate cuts. Fed Chair Jerome Powell’s Comments Boost Wall Street Sentiment On Wednesday, Wall Street saw a significant rally, buoyed by positive comments from Fed Chair Jerome Powell. Powell…

Chevron Deference Overturned: How Recent Supreme Court Ruling Impacts Regulations – Analysis by Moira Warburton In a groundbreaking move, Republicans in the U.S. House of Representatives have initiated reviews of regulations following the Supreme Court’s decision to overturn the Chevron deference. This ruling, which dates back to 1984, granted government experts the final say in interpreting laws passed by Congress. Now, agencies like the EPA, SEC, and Department of Labor are under scrutiny as lawmakers aim to rein in what they see as an overreaching administrative state. The implications of this decision are far-reaching. With the potential to affect regulations…

As the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind, I present to you the latest insider transaction involving Ultra Clean Holdings, Inc. CFO Sheri Savage. In this transaction, Savage sold 10,079 shares of the company’s common stock at $54.18 per share, totaling approximately $546,080. The sale was conducted under a Rule 10b5-1 trading plan, ensuring compliance with securities laws. Insider transactions like these can provide valuable insights into a company’s future prospects. Despite the sale, Savage still holds 52,575 shares in the company. Ultra Clean Holdings specializes in semiconductor manufacturing and has been performing well, with positive…