Author: Multibagger News

Best Investment Manager Predicts: U.S. Federal Reserve to Cut Rates by 25 Basis Points in November and December – Expert Analysis by Indradip Ghosh In a snap Multibagger poll of over 100 economists, a strong majority believe that the Federal Reserve will cut the federal funds rate by 25 basis points in both November and December. This comes after the central bank started cutting rates with a half-percentage-point reduction to keep unemployment low and inflation easing back toward the 2% target. While this week’s half point cut was mostly expected, the latest survey suggests that the central bank will reach…

Hut 8 Mining Corp. (NASDAQ:HUT) Secures Major Hosting Agreement with Bitmain, H.C. Wainwright Maintains Buy Rating and $13.50 Price Target H.C. Wainwright reaffirms its Buy rating and $13.50 stock price target for Hut 8 Mining Corp. (NASDAQ:HUT) after the company announces a significant hosting agreement with Bitmain. The deal involves deploying up to 15 EH/s of Bitmain’s cutting-edge ASIC miner, the U3S21EXPH, at Hut 8’s new 205 MW site in Texas. This strategic move is expected to boost Hut 8’s mining capabilities with the new technology’s enhanced efficiency. According to H.C. Wainwright’s analysis, the hosting contract could potentially generate around…

Federal Reserve Easing Cycles and Market Impacts: What Investors Need to Know Investing.com — Bank of America analysts have recently shed light on the intricate dynamics of Federal Reserve (Fed) easing cycles and their subsequent effects on the stock market. This analysis is crucial for investors seeking to navigate the complex landscape of market movements. Key Insights from Bank of America: Beyond First Rate Cuts: The analysts emphasize that focusing solely on the buy or sell decision after the first Fed rate cut is misguided. Historical comparisons of easing cycles can be deceptive, as each cycle presents unique characteristics. S&P…

The Ultimate Guide to Germany’s Far-Right Far-Right Party Challenge on Olaf Scholz’s Social Democrats in Brandenburg Election In this in-depth analysis by the top investment manager and financial market journalist, Thomas Escritt, we delve into the upcoming regional election in Brandenburg, Germany, where the far-right party, Alternative for Germany (AfD), is poised to challenge Olaf Scholz’s Social Democrats (SPD). Despite the SPD’s long-standing rule in Brandenburg, recent polls show the AfD with a slight lead, fueled by their nationalist demands and the federal government’s unpopularity. The outcome of this election could have far-reaching implications for Scholz’s political future and the…

Susquehanna Downgrades Endava PLC (NYSE: DAVA) Shares with Positive Outlook Despite Market Challenges Susquehanna recently adjusted its outlook on Endava PLC shares, reducing the price target to $55 from $66 while maintaining a Positive rating. The company faces challenging demand and decision-making processes in the industry, but signs of market stabilization are emerging. Endava’s CEO acknowledges market difficulties and margin pressures due to restructuring costs, but optimism remains for future growth. Despite a weaker British Pound to U.S. Dollar exchange rate, Susquehanna remains positive about Endava’s prospects in the application development sector. The new $55 price target is based on…

Breaking News: iPhone 16 Resale Prices Collapse Within Hours of Trading, Jefferies Report Reveals In a shocking turn of events, iPhone 16 resale prices plummeted on the first day of shipment, with dealers in the Mongkok area halting purchases of most models by early afternoon. This stark contrast to last year’s performance of the iPhone 15 indicates a potential decline in demand in China, according to Jefferies analysts. Apple Inc’s new iPhones are likened to stocks in Hong Kong during the initial weeks of shipments, as the city serves as a major hub for smartphone resale markets. However, the launch…

Nokia Triumphs in Patent Dispute Against Amazon: What This Means for Investors and Tech Enthusiasts In a landmark decision, Nokia has emerged victorious in a patent dispute against Amazon, as ruled by a German court. This legal win underscores Nokia’s robust intellectual property portfolio and highlights the company’s strategic positioning in the tech industry. Here’s a deep dive into the implications of this ruling for investors and tech enthusiasts alike. Key Takeaways Nokia’s Legal Victory: The German court’s decision to rule in favor of Nokia strengthens its stance in the ongoing battle over tech patents. Impact on Amazon: This ruling…

Regeneron’s Dupixent Recommended for Children with Eosinophilic Esophagitis by European Medicines Agency – What You Need to Know In a groundbreaking move, the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of Dupixent (dupilumab) for the treatment of eosinophilic esophagitis (EoE) in children as young as one year of age in the European Union (EU). This recommendation is a game-changer for children who have not responded to conventional therapy and weigh at least 15 kg. Dupixent, a product co-developed by Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Sanofi (NASDAQ:), has already been authorized for…

Barclays Analysts Skeptical of Fed’s Aggressive Rate Cut Plans In a recent note, Barclays analysts express skepticism about the Federal Reserve’s willingness to cut interest rates as aggressively as the market expects. Despite the Fed’s surprise 50 basis point rate cut, Barclays believes the projected path of rate reductions may be overly optimistic. The Fed’s own projections indicate a slower pace of cuts, with just two additional 25 basis point cuts expected for the remainder of 2024, followed by four more in 2025. This contrasts with market pricing, which anticipates more aggressive easing. Barclays warns that incoming economic data could…

Warren Buffett’s Berkshire Hathaway Trims $900 Million from Bank of America Stake – Here’s What It Means for Investors In a strategic move that has caught the attention of financial markets, Warren Buffett’s investment giant, Berkshire Hathaway (NYSE: BRK.A), has sold off approximately $900 million of its holdings in Bank of America (NYSE: BAC) this week. This major divestiture lowers Berkshire’s stake in the second-largest U.S. lender to 10.8%, or roughly $34 billion worth of outstanding shares. Despite the reduction, Berkshire remains one of Bank of America’s largest shareholders and will continue to report its interests regularly as long as…