Author: Multibagger News

Goldman Sachs Downgrades Diageo PLC Stock to Sell, Forecasts Negative Sales Growth: InvestingPro Insights Goldman Sachs has downgraded Diageo PLC (LON::LN) (NYSE: DEO) stock from Neutral to Sell, with a revised price target of £24.50. The firm anticipates relative underperformance due to high earnings risks, forecasting a -1% sales growth in Fiscal Year 2025 and a modest 1% growth in Fiscal Year 2026 in North America. This contrasts with consensus data from Visible Alpha, which predicts 2% and 4% growth, respectively. The downgrade is primarily based on Diageo’s heavy reliance on the success of Don Julio, which accounts for 13%…

Tesla Stock Plummets Over 8% as Robotaxi Launch Delayed – What Investors Need to Know Tesla’s (NASDAQ: TSLA) shares took a sharp dive, dropping over 8% on Thursday following Bloomberg’s report that the electric vehicle (EV) behemoth is pushing back the unveiling of its highly anticipated Robotaxi by two months. Key Points: Delay in Robotaxi Launch: Originally set for an August 8 debut, the Robotaxi launch has now been rescheduled to October. Bloomberg sources indicate that the delay is to give development teams additional time to finalize the prototypes. Stock Downgrade: Tesla’s stock experienced further declines in premarket trading on…

HSBC Bank Raises Vietnam GDP Growth Forecast to 6.5% After Strong Q2 Performance In a recent note, HSBC Bank announced that it has increased its forecast for Vietnam’s gross domestic product (GDP) growth for this year to 6.5%, up from its previous estimate of 6.0%. This adjustment comes after second-quarter growth surpassed market expectations. The bank noted that the country’s economic recovery is not only exceeding initial projections but also showing signs of broadening out across various sectors. However, HSBC also highlighted concerns about inflation, particularly due to higher pork prices caused by an outbreak of African swine fever. This…

Israeli and Egyptian Ceasefire Negotiators Discuss Electronic Surveillance System for Gaza Border By Ahmed Mohamed Hassan and Maayan Lubell Israeli and Egyptian ceasefire negotiators are in talks about implementing an electronic surveillance system along the border between Gaza and Egypt. This system could potentially allow Israel to withdraw its troops from the area if a ceasefire agreement is reached, according to two Egyptian sources and a third source familiar with the matter. The presence of Israeli forces on the border is a key issue preventing a potential ceasefire deal, as both Hamas and Egypt are against Israel maintaining troops in…

Breaking News: Wolfe Research Gives Universal Music Group a Peer Perform Rating with Fair Value Forecast On Friday, Wolfe Research initiated coverage of Universal Music Group NV (AS::NA) (OTC: UMGNF) stock, with a Peer Perform rating. The firm has set a fair value range of €22 to €34 per share for the stock, emphasizing the company’s significant position in the music industry, holding rights to approximately one-third of the world’s music repertoire. Wolfe Research points out UMG’s potential to benefit from the projected 11% five-year growth in music streaming revenues applicable to labels and an 8% growth in the overall…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind A recent Multibagger poll of 18 economists indicates that Japan’s core consumer inflation is likely to have increased in June for the second consecutive month. This development could potentially push the central bank towards raising interest rates. Additionally, data from the Ministry of Finance suggests that export growth in June may have slowed down compared to the previous month, resulting in a trade deficit. The upcoming release of the core Consumer Prices Index by the internal affairs and communications ministry on July 19 is expected to reveal a…

Cryptocurrency Market Update: Bitcoin Price Falls Amid Capitulation Fears As the world’s best investment manager, I bring you the latest update on the cryptocurrency market. Bitcoin price fell on Friday, reversing a recent rebound due to selling pressure from distributions by defunct exchange Mt Gox and capitulation pressure on major miners. The token and the broader crypto market did not receive much support from a drop in the dollar, as softer-than-expected U.S. inflation data increased bets that the Federal Reserve will start cutting interest rates from September. Bitcoin fell 1.3% in the past 24 hours to $57,030.3, heading for its…

Discover the Latest Trends in China-Russia Trade Relations | Yuan-Denominated Exports to Russia on the Rise | Gazprom Secures Pipeline Gas Exports to China As the world’s leading investment manager and financial market journalist, I am excited to bring you the latest updates on the growing trade relationship between China and Russia. According to customs data, yuan-denominated exports from China to Russia saw a 4.76% increase in June compared to the previous year. This growth, although slower than earlier in the year, shows a positive trend in their trade partnership. Despite challenges such as US sanctions on a Russian bank…

Unprecedented Wage Increases Spreading Among Small and Medium Firms in Japan, Central Bank Survey Shows In a recent survey by the Bank of Japan, it was revealed that momentum to raise wages is gaining traction among small and medium firms in Japan. This trend is driven by labor shortages and the need to help employees combat the effects of inflation. The survey highlighted that labor shortages are becoming a permanent issue, leading to a widespread recognition of the necessity for continued wage hikes. While many firms are struggling to pass on rising labor costs to consumers, there is a growing…

Title: Expert Investment Manager Reveals Top Strategies for Maximizing Returns in Today’s Financial Markets As a seasoned investment manager with a deep understanding of the financial markets, I am here to share with you the top strategies for maximizing your returns in today’s volatile market environment. In this article, we will discuss the importance of diversification, the impact of economic indicators on market performance, and how to navigate market fluctuations with confidence. Diversification is key to building a resilient investment portfolio that can weather market downturns and capitalize on opportunities for growth. By spreading your investments across a variety of…