Author: Multibagger News

Wolfe Research Raises NVIDIA (NVDA) Price Target to $150 per Share by 2025 In a recent note, renowned investment firm Wolfe Research has increased their price target for NVIDIA (NVDA) to $150 per share by 2025. This decision comes after positive supply chain checks revealed strong growth potential for the company in the upcoming calendar year. The report from Wolfe Research indicates a promising path to 50%+ content growth for NVDA GPUs in 2025, driven by the transition to Nvidia’s new Blackwell platform. This shift is expected to result in better average selling prices (ASPs) and an improved product mix.…

Japan’s Nikkei Hits Record High Amid Global Market Anticipation for Fed Rate Decision By Stella Qiu — SYDNEY (Multibagger) – In a remarkable turn of events, Japan’s Nikkei index soared to a record high on Tuesday, driven by robust semiconductor shares. Meanwhile, global investors are on edge, eagerly awaiting Federal Reserve Chair Jerome Powell’s stance on potential rate cuts, following new evidence of a cooling U.S. labor market. European and U.S. Markets Await Fed Decision European markets are poised for a cautious open, with EUROSTOXX 50 futures down 0.3% and FTSE futures remaining flat. Across the Atlantic, S&P 500 futures…

Investment Manager’s Insight: South Korea’s Central Bank Considers Trade-offs for Future Monetary Policy In a recent parliamentary session, Governor Rhee Chang-yong of South Korea’s central bank discussed the challenges of balancing disinflation, growth, and financial stability in future monetary policy decisions. Despite positive signs, disinflation is expected to persist, alongside rising household debt and increased volatility in foreign exchange markets. The Bank of Korea is likely to maintain its policy rate at a 15-year high of 3.50% on Thursday and throughout the third quarter of 2024. A 25-basis-point cut is anticipated in the final quarter, coinciding with potential policy easing…

Trump Predicts Biden Will Stay in Race Despite Calls to Step Aside Republican presidential candidate Donald Trump believes President Joe Biden will not bow out of the White House race, despite increasing pressure from within his own Democratic Party to make way for a younger nominee. In a recent interview, Trump, 78, suggested that Biden, 81, is unlikely to give up his candidacy due to his ego and the fact that he has secured the Democratic nomination with the support of convention delegates from earlier primaries. Throughout the interview, Trump emphasized Biden’s delegate advantage and speculated that the only way…

Discover why Kinetik Holdings Inc. (NYSE:KNTK) is gaining attention from top financial firms and analysts with a positive outlook and strategic transactions that are set to boost its stock price. Mizuho Securities reinstated coverage on Kinetik with an Outperform rating and a new price target of $47.00, highlighting the company’s recent moves to streamline operations and enhance its presence in the energy sector. Key Strategic Transactions and Outlook Kinetik’s recent strategic transactions are expected to accelerate debt reduction and establish a path to a run-rate EBITDA of around $1 billion per year by 2025. The acquisition of Durango positions Kinetik…

Breaking News: Asian Stocks Rise on Expectations of Lower U.S. Interest Rates, Japan’s Nikkei Hits Record High In today’s market update, most Asian stocks saw gains as investors bet on lower U.S. interest rates. Japan’s Nikkei 225 index reached a new all-time high, fueled by tech gains and foreign buying. However, Chinese markets lagged due to ongoing trade war concerns. The positive market sentiment in Asia was influenced by Wall Street’s record highs, with tech stocks leading the way. Investors are eagerly awaiting Federal Reserve Chairman Jerome Powell’s testimony for hints on future rate cuts, as recent data suggests a…

Federal Judge Resigns Amid Scandal: What Investors Need to Know By Nate Raymond (Multibagger) – An alarming development has surfaced in the judiciary, with U.S. District Judge Joshua Kindred resigning amid allegations of creating a hostile work environment and engaging in inappropriate relationships. The 9th Circuit Judicial Council’s public reprimand sheds light on a significant breach of ethical conduct that extends beyond the courtroom, potentially impacting investor confidence and market stability. Key Points: Judge’s Resignation: Judge Joshua Kindred, appointed by former President Donald Trump, resigned abruptly following severe allegations. Hostile Work Environment: Kindred allegedly used inappropriate language and shared personal…

SYDNEY – In a recent survey by the National Australia Bank (NAB), Australian business conditions deteriorated in June, particularly impacting the outlook for employment. However, there was a slight increase in overall business confidence as cost pressures eased. The NAB survey revealed that the index of business conditions dropped by 2 points to +4, falling below its long-term average. On the other hand, the index of business confidence saw a 6-point increase to +4, with improvements noted in the manufacturing and wholesale sectors. Specifically, the index of employment fell by 6 points to 0, indicating a challenging labor market. Sales…

Breaking News: President Joe Biden Not Being Treated for Parkinson’s Disease, White House Confirms Speculation about President Biden’s health has been circulating after a report from The New York Times revealed that a neurologist specializing in Parkinson’s disease visited the White House multiple times in recent months. However, the White House doctor has confirmed that Biden has not sought treatment for the illness outside of his regular check-ups. During the June 27 debate against Donald Trump, Biden appeared to stumble and lose his train of thought, fueling concerns about his mental acuity. Despite this, Biden has reassured supporters that he…

AgriForce Growing Systems Ltd. Updates Compensation for Key Executives – NASDAQ: AGRI In a recent SEC filing, AgriForce Growing Systems Ltd. (NASDAQ:AGRI) detailed new compensation arrangements for key executives. The Vancouver-based company, specializing in prefabricated metal buildings and components, revealed these changes as part of its corporate governance updates. Effective July 1, 2024, David Welch, the Chairman of AgriForce, will receive an annual cash compensation of $45,000, on top of his current Board fees. Additionally, for each successful acquisition or joint venture transaction, Welch will be granted restricted stock units (RSUs) worth $50,000. Furthermore, Jolie Kahn, the CEO of AgriForce,…