Author: Multibagger News

BofA Securities Downgrades Nissan Motor Co Ltd Stock Rating to Underperform In a recent report, BofA Securities downgraded Nissan Motor Co Ltd (7201: JP) (NSANY) from Buy to Underperform, with a new price target of JPY370.00, down from JPY640.00. The downgrade is based on increased competition in the US, a challenging sales environment in Europe, and a lack of sales recovery in China. Additionally, the absence of new models and reduced likelihood of share buybacks from Renault also contributed to the downgrade. BofA Securities adjusted their price target using a price-to-book ratio of 0.23x from fiscal year 2020, applied to…

Capital Economics Predicts Mexican Peso Underperformance in 2021 Due to Political and Economic Instability Capital Economics, a leading financial research firm, has forecasted a period of underperformance for the Mexican peso and other financial assets in the upcoming year. This prediction is based on the current political and economic instability in Mexico. The Mexican peso has experienced a significant depreciation of around 15% against the US dollar since April, leading to concerns about its valuation. Despite the drop in value in July and August, the peso is still considered overvalued by experts. Mexican financial assets, including equity indices and local…

Chevron CEO Criticizes Biden Administration’s Attacks on Natural Gas, Emphasizes Role of Permian in Powering AI Growth Chevron CEO Michael Wirth slammed the Biden administration for its “attacks on the natural gas” industry, highlighting the importance of the Permian basin in fueling the rapid expansion of artificial intelligence (AI). The CEO’s comments came in response to new government initiatives aimed at preventing power-hungry AI data centers from undermining U.S. climate objectives. The White House recently established a task force on AI Datacenter Infrastructure to align policies with economic and environmental targets. Wirth defended the use of low-carbon gas instead of…

Q2 2024 US Earnings Analysis: EBITDA Rebounds Amid Top-Line Slowdown and Inflation Pressures In the latest U.S. Earnings Analytics Report for Q2 2024, global credit intelligence and data firm Reorg reveals significant trends affecting sub-investment grade borrowers. Despite a continued deceleration in top-line growth, EBITDA has shown a notable recovery after nine consecutive quarters of decline. Key Insights from Reorg’s Q2 2024 Report EBITDA Growth Rebounds The report highlights a 4.5% median company EBITDA growth, marking the first improvement in this metric since early 2022. This is a positive sign, indicating that businesses are finding ways to manage inflationary pressures…

Canadian Housing Starts Drop 22% in August, Missing Economist Expectations – How Will This Impact Your Finances? As the world’s best investment manager and financial market journalist, I bring you the latest news on Canadian housing starts. According to data from the national housing agency, housing starts in Canada decreased by 22% in August compared to the previous month. This decline was primarily driven by a decrease in groundbreaking on multiple-unit urban homes. The seasonally adjusted annualized rate of housing starts fell to 217,405 units, down from a revised 279,804 units in July. Economists had anticipated a smaller drop to…

By Max Hunder KYIV (Multibagger) – The suspect in an apparent assassination attempt on U.S. presidential candidate Donald Trump was seen as a liability by some soldiers and volunteers in Ukraine, where he offered to recruit Afghans into the Ukrainian military, a former soldier told Multibagger on Tuesday. Ryan Routh, 58, who was arrested about 40 minutes after the incident on Sunday at one of the former president’s Florida golf courses, publicly backed Ukraine and spent time in Kyiv after Russia launched its invasion in 2022. “He was delusional … he had this idea that he was the only one…

IBM Acquires Kubecost to Revolutionize Hybrid Cloud Cost Management | Best Investment Manager’s Insight In a groundbreaking move, IBM has acquired Kubecost, a FinOps startup renowned for its innovative solutions in optimizing Kubernetes clusters for top companies like Allianz, Audi, Rakuten, and GitLab. This acquisition marks IBM’s strategic expansion in the FinOps space, following its successful $4.3 billion acquisition of Apptio in 2023. With a track record of acquiring leading companies in the IT and FinOps sectors, including Turbonomic and Instana, IBM aims to enhance its capabilities in managing complex cloud and on-prem infrastructure. By incorporating Kubecost’s cutting-edge technology, IBM…

MicroStrategy’s Michael Saylor Sends Powerful Message to Crypto Community as Bitcoin Surges Past $60,000 Again In a game-changing move, Michael Saylor, the visionary founder of MicroStrategy, took to Twitter to share a bold message with the global cryptocurrency community. As Bitcoin surged past the $60,000 mark once more, Saylor’s tweet, featuring him as a football player donning Bitcoin’s signature orange colors, symbolized the digital currency’s resilience and strength. After a recent dip, Bitcoin has shown a remarkable 2.76% recovery, inching closer to the coveted $60,000 price level. This comes after a sharp drop on Monday, where BTC plummeted from $60,358…

Designer Brands Inc. Maintains Market Perform Rating Despite Sales Shortfall – Analysis On Tuesday, Designer Brands Inc. (NYSE:) shares maintained its Market Perform rating from William Blair, despite experiencing a significant shortfall in sales and earnings for the second quarter. The firm’s analyst highlighted that although Designer Brands did not meet the initial recovery speed projected by management, the company is undeniably on an upward trajectory. This conclusion comes after observing positive comparable store sales (comps) as the quarter concluded. The analyst noted that the low end of the company’s guidance suggests that if current trends persist, Designer Brands should…

Google’s $200 Million Data Center Redesign Amid Environmental Concerns: A Comprehensive Breakdown SANTIAGO (Multibagger) – In a decisive move to address environmental concerns, Google has announced a complete overhaul of its $200 million data center plans in Santiago, Chile. This restructuring follows a local environmental court’s mandate to reassess the project’s climate impact. Project Background and Initial Approval In early 2020, Google secured initial authorization to construct a state-of-the-art data center in Santiago. However, the project soon faced significant backlash from local residents and officials, particularly regarding its potential impact on the city’s already strained water resources. Santiago has been…