Author: Multibagger News

Top Investment Manager’s Guide: Oil and Gas Companies in Texas Restarting Operations After Hurricane Beryl – Impact on Crude Prices and Your FinancesBy Marianna Parraga, Arathy Somasekhar and Erwin Seba HOUSTON (Multibagger) – Oil and gas companies in Texas were restarting operations on Tuesday after Hurricane Beryl lashed the state with 80-mph winds, damaging property and leaving millions of people without power. Beryl made landfall early on Monday near the coastal town of Matagorda. Some energy firms shut operations ahead of its arrival and Texas’ largest ports and navigation channels closed. But its impact on oil and gas production is…

Wall Street’s Piper Sandler Predicts Bullish Trends for High-Quality Stocks Despite Economic Headwinds Piper Sandler Analysts Remain Bullish, Highlighting High-Quality Stocks Amid Economic Challenges Amid the recent economic fluctuations, Wall Street’s leading analysts at Piper Sandler maintain a positive outlook on stocks, particularly high-quality ones. They emphasize that the current unemployment rate still has room to increase before triggering a significant market downturn. Optimism Persists Despite Economic Tightening Piper Sandler continues to express confidence in the stock market. "We remain constructive on stocks," they assert, despite mounting evidence that tighter monetary policies are starting to impact different sectors of the…

Breaking News: U.S. Stock Futures Rise as Investors Await Powell’s Testimony | Tech and Semiconductor Stocks Lead the Rally In today’s financial market news, U.S. stock index futures are on the rise, with megacap technology and semiconductor stocks poised to continue Monday’s rally. Investors are eagerly awaiting Federal Reserve chair Jerome Powell’s testimony for insights into future monetary policy decisions. The S&P 500 and Nasdaq closed at record highs on Monday, driven by a surge in chip stocks. Intel shares jumped 3.8% in premarket trading, while Nvidia and Marvell Technology also saw gains. Powell’s testimony, scheduled for 10 a.m. ET,…

By Andrew Hay (Multibagger) – Nineteen months after charges were first filed against actor Alec Baldwin over the death of “Rust” cinematographer Halyna Hutchins the case reaches a climax this week when the actor faces a criminal manslaughter trial in Santa Fe, New Mexico. HALYNA HUTCHINS The Ukrainian director of photography grew up on a Soviet naval base, watching Russian films and dreaming of making a documentary on nuclear submarines. Known for her passion, creativity and command on over 30 productions, Hutchins was named one of the American Society of Cinematographer’s rising stars of 2019 in Los Angeles. She was…

Calgary, Canada, July 9th, 2024, Chainwire If you’re looking to make the most out of your investments, then you need to pay attention to the latest news from the EOS Network. Today, July 8, the network has launched a groundbreaking $250M EOS staking rewards program as part of its revamped tokenomics plan. Under this new staking rewards schedule, a whopping 85.6K EOS tokens are distributed daily to Stakers. What’s even more exciting is that early stakers can enjoy an initial APY of over 60%, making it a lucrative opportunity for those looking to grow their wealth. With more than 31M…

Citi Lowers Price Target for Arkema SA Shares, Maintains Neutral Rating | AI-Generated Analysis Citi has revised its price target for Arkema SA (AKE:FP) shares to EUR93.50, down from EUR110.00, citing limited improvements in trading conditions. The firm maintains a Neutral rating on the stock. According to a new seasonality analysis, historical data shows that Arkema’s earnings in the second half of the year are typically lower than in the first half. This trend, combined with contributions from new projects and cost savings, could result in a 7% decrease in adjusted EBITDA for the second half of 2024. Market spreads…

As the Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind, I present to you: “U.S. Stock Futures Rise Amid Expectations for September Rate Cut – Powell’s Testimony in Focus!” In the early morning hours, U.S. stock index futures saw a rise, with the Dow Jones up by 35 points, the S&P 500 rising by 11 points, and the Nasdaq climbing by 75 points. This surge comes as investors anticipate a potential rate cut in September, leading to record highs for the S&P 500 and Nasdaq. Federal Reserve Chair Jerome Powell is set to testify before Congress, with all eyes…

US and Global Market Analysis: Is Disinflation Resuming?As investors shift focus from election risk to borrowing costs, all eyes are on Thursday’s US consumer price update for June. The headline rate is expected to fall to 3.1%, while ‘core’ rates remain at 3.4%. Federal Reserve chair Jerome Powell’s testimony will provide insight into the situation, with markets looking for clues on the labor market and GDP estimates. Recent data shows inflation expectations softening, with oil prices stabilizing after a hurricane in Texas. Small business confidence and record high US stock indexes signal optimism, with Fed funds futures pricing in rate…

Citi Analysts Sound Alarm: Are AI Stocks Overheating? Expert Insights and Strategies for Investors Understanding Citi’s Warning on AI Stocks Sentiment Citi analysts have issued a critical advisory for investors, highlighting concerns about potentially overheated sentiment in Artificial Intelligence (AI) stocks. This cautionary note draws attention to the unprecedented levels of optimism surrounding AI stocks, which have not been seen since 2019. Key Factors Behind Citi’s Concern Elevated Sentiment Levels: According to Citi, the sentiment around AI-exposed stocks is at its highest since 2019. This observation is based on market expectations and historical price movements. Discrepancy in Growth Estimates: Citi’s…

Taiwan’s exports exceeded expectations in June, rising by 23.5% to $39.9 billion. This growth was driven by the island’s strong position in the supply chain of the booming artificial intelligence (AI) industry. The export recovery marked the eighth consecutive monthly rise, surpassing forecasts and previous months’ gains. The impressive performance was attributed to the rising demand for new technology applications like AI and high-performance computing. With Taiwan’s advanced chip production capacity, the second half of the year is expected to witness a further increase in export momentum as the peak season approaches. Major Taiwanese companies, such as TSMC, a key…