Author: Multibagger News

Unprecedented Damage as Tropical Storm Beryl Ravages Southeast Texas – Investment Insights Tropical Storm Beryl wreaked havoc in southeast Texas, causing devastation and loss of life. With howling winds and torrential rain, the storm took a deadly turn, claiming at least three lives and leaving more than 2.7 million homes and businesses without power. Oil ports were shut down, flights were canceled, and highways were flooded, bringing the region to a standstill. Beryl, initially a Category 5 hurricane, made landfall in Texas after causing destruction in the Caribbean. The storm’s impact on the oil industry, a major player in the…

Unlocking the Potential of Ethereum: Is the Ether ETF the Game-Changer We’ve Been Waiting For? As the world’s No.2 cryptocurrency, ether has been overshadowed by bitcoin’s meteoric rise. But with new ETFs set to hit the market soon, could ether be on the brink of a price rally beyond its previous all-time high? Experts seem to think so. Why is this the case? Well, according to Thomas Perfumo, head of strategy at Kraken, ethereum has half the level of spot liquidity compared to bitcoin. This means that even a smaller influx of dollars into the market could have a significant…

Breaking News: XRP, Shiba Inu, and Solana Showing Signs of Reversal – Here’s What You Need to Know In the world of cryptocurrencies, XRP, Shiba Inu, and Solana are showing signs of potential reversal and recovery after a period of downward movement. XRP has painted a morning doji star candlestick reversal pattern, indicating a possible shift from bearish to bullish momentum. This pattern suggests that buyers may be entering the market to reverse the downward trend, potentially leading to a long-term recovery. Similarly, Shiba Inu has found support at a key price level, indicating a possible bottom and a potential…

Truist Securities Raises Teleflex Incorporated (NYSE:TFX) Price Target to $235 Amid FDA Action Boost Truist Securities has increased the stock price target for Teleflex Incorporated to $235.00, up from $219.00, while maintaining a Hold rating. This adjustment is driven by potential revenue and earnings growth expected in 2025 due to market share opportunities arising from an FDA action against a competitor’s product. The FDA’s letter in May advising healthcare providers to transition away from Getinge’s intra-aortic balloon pumps (IABPs) is expected to benefit Teleflex, the second-largest player in the IABP market. Analysts project a revenue growth tailwind of 140 basis…

Title: Equity Markets Brace for Shift in Funds Flow in August | Goldman Sachs Report In a recent report, Goldman Sachs strategists predict a potential slowdown in passive inflows and an increase in outflows in the equity markets come August. After a record-breaking $231 billion inflow in the first half of 2024, equity exchange-traded funds (ETFs) and mutual funds are preparing for a change in investor behavior. Passive funds have been the preferred choice for investors, receiving $436 billion in inflows compared to $205 billion in outflows for active funds in the first half of the year. This trend has…

Gold prices saw a boost in Asian trade on Tuesday, recovering from previous losses as investors anticipate hints of a rate cut from Federal Reserve Chair Jerome Powell’s upcoming testimony. Despite a slight retreat on Monday, the yellow metal has maintained gains over the past week due to soft labor market data increasing expectations for a rate cut in September. A weaker dollar has also supported gold’s upward momentum. Gold futures rose by 0.4% to $2,367.97 an ounce, while spot gold for August delivery jumped by 0.5% to $2,374.40 an ounce as of 00:21 ET (04:21 GMT). Gold on the…

Trump’s Deal-Making Potential Could Benefit China, Says DBS CEO Piyush Gupta Singapore (Multibagger) – In a recent interview at the Multibagger NEXT forum, DBS Group CEO Piyush Gupta emphasized that a potential Donald Trump presidency could bode well for Sino-U.S. relations due to Trump’s penchant for deal-making, a strategy that aligns well with China’s approach. Key Takeaways from Piyush Gupta’s Insights: Trump as a Dealmaker: Gupta highlighted Trump’s deal-oriented mindset, suggesting that if he wins the upcoming U.S. presidential elections, he would likely be open to negotiating deals that could be mutually beneficial for both the U.S. and China. "Trump…

The Best Investment Manager’s Guide to Navigating Global Markets: A Deep Dive by Kevin Buckland Washington Takes Center Stage as Fed Chair Jay Powell Testifies Before Senate As inflation cools and job market tightens, Powell walks tightrope to avoid reigniting price pressures Consumer Price Index data to follow Powell’s testimony on Thursday, adding to market uncertainty Political Drama Unfolds: Biden’s Odds Improve, Trump May Reveal Running Mate In France, Political Paralysis Looms as New Popular Front Emerges Victorious Euro Resilient Despite Political Turmoil, Sits at Four-Week High No Major Events in Europe, Focus on CPI Data from Greece, Hungary, and…

Palisade Bio, Inc., a leading biopharmaceutical company, recently held its annual meeting of stockholders to vote on crucial matters such as the election of directors and the ratification of the company’s independent registered public accounting firm. Shareholders elected three directors – J.D. Finley, Donald Williams, and Margery Fischbein – to serve until the 2025 annual meeting or until their successors are appointed. The votes for each director were as follows: 141,074 for Finley, 139,029 for Williams, and 142,588 for Fischbein. There were also votes withheld for each director, with 11,984 for Finley, 14,029 for Williams, and 10,470 for Fischbein. Additionally,…

Asian Currencies Dip as Dollar Strengthens Ahead of Powell Testimony In the latest market update, most Asian currencies are facing downward pressure as the dollar gains strength before Federal Reserve Chair Jerome Powell’s testimony. The yen is also struggling near 38-year lows, adding to the overall sentiment of uncertainty in the region. The concern over new European import tariffs on China is adding to the anxiety, with fears of retaliatory measures and a potential trade war looming. The market is closely watching Powell’s testimony and upcoming economic data for more clarity on the situation. The Japanese yen is particularly fragile,…