Author: Multibagger News

As the world’s best investment manager and financial market journalist, I bring you exclusive insights into Flutter Entertainment plc’s recent regulatory disclosure. This announcement, released through the Regulatory News Service in London, is detailed in a Form 8-K filing with the United States Securities and Exchange Commission to comply with the UK Financial Conduct Authority’s rules. Flutter Entertainment, a leader in computer programming and data processing services, remains committed to transparency and compliance with regulatory standards. The company’s ordinary shares continue to be listed on the New York Stock Exchange under the trading symbol FLUT, with its principal executive offices…

JPMorgan Analysts Predict Soft Landing for US Economy and Low Chance of Trump Victory in Presidential Election According to a recent note by JPMorgan analysts, market trends are pointing towards a “soft landing” scenario for the U.S. economy, with a low likelihood of a Trump victory in the upcoming presidential election. The analysts highlighted that August saw the largest equity fund outflow since 2022, driven by a shift away from retail impulse into equities. While short-term relief is expected from rebalancing flows, the outlook for equities beyond the quarter-end remains uncertain. The bank stated that recent market patterns are more…

UBS Analysts Bullish on Gold as Hedge Against Uncertainties | Investing.com UBS analysts have reaffirmed their bullish stance on gold, citing its value as a hedge against rising macroeconomic and geopolitical uncertainties. Gold has surged by 23% this year, reaching all-time high spot prices. Factors such as expectations of lower US yields and USD diversification by central banks have contributed to this rise. Investors are advised to consider allocating around 5% to gold within a balanced USD portfolio. Gold has historically outperformed equities during periods of elevated volatility, a trend that has been evident in recent months. Despite reduced expectations…

Market Watch: Fed Rate Cut Speculations and Boeing Strike Impact U.S. Stock Futures Fed Rate Cut Speculations Stir Market Sentiment By Shashwat Chauhan and Purvi Agarwal Investors are recalibrating their expectations for the Federal Reserve’s upcoming interest rate decision. The possibility of a significant 50-basis point (bps) rate cut has gained traction, with the CME’s FedWatch Tool showing a jump in the probability to 47% from 14% just a day earlier. This shift follows comments from former New York Fed President Bill Dudley and reports from the Wall Street Journal and Financial Times that suggest a larger rate cut is…

Gold Market Bulls Eye $3,000 Milestone as Prices Surge to Record Highs By Anushree Ashish Mukherjee and Anjana Anil Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight U.S. presidential election race. Gold reached a historic high of $2,572.81 an ounce on Friday and is on track for its strongest annual performance since 2020, with a rise of over 24% driven by safe-haven demand, due to geopolitical and economic uncertainty, and robust central bank buying.…

Adobe Stock Analysis: Baird Maintains Neutral Rating with $545 Price Target Learn why Baird is sticking with its Neutral rating on Adobe shares (NASDAQ: ADBE) despite strong third-quarter results. Find out why the firm’s steady price target of $545.00 is still in place and how Adobe’s fourth-quarter guidance is impacting investor sentiment. Discover why Baird is waiting for indicators of Adobe’s growth acceleration and how the upcoming Adobe MAX conference in October could provide crucial insights into the company’s future strategy and operations. Get the latest analysis on Adobe’s stock performance and learn why Baird’s Neutral rating reflects a wait-and-see…

Tesla Set to Outperform Market Expectations in 3Q24: Canaccord Genuity’s Optimistic Forecast Investing.com — Canaccord Genuity analysts are forecasting a bullish outlook for Tesla Inc. (NASDAQ: TSLA) as the electric vehicle (EV) leader gears up to release its third-quarter 2024 (3Q24) results. The firm predicts that Tesla will exceed Wall Street’s expectations for both profit and vehicle deliveries. Enhanced Data Analysis Bolsters Confidence Canaccord has revised its delivery and earnings estimates after an in-depth analysis of global data from approximately 40 countries. "Our enhanced database now covers delivery data for ~40 countries on a monthly basis," Canaccord noted, emphasizing their…

Global Investors Net Sellers of Equity Funds for Second Week in a Row Amid Economic Concerns and Political Caution Global investors were net sellers of equity funds for a second successive week through Sept. 11, driven by concerns over the health of the U.S. economy and caution about the political climate in the run-up to the U.S. Presidential debate. However, optimism over central banks’ rate cuts trimmed down the outflows. According to LSEG data, investors withdrew $3.46 billion from global equity funds during the week, a reduction in sales volume compared to the $4.96 billion in net sales the prior…

Russian Forces Intensify Attacks Near Kurakhove and Pokrovsk in Eastern Ukraine KYIV (Multibagger) – As Russian forces escalate their assaults in eastern Ukraine near the besieged town of Kurakhove, Ukrainian troops are facing a critical moment in the war, Kyiv reports. The Russians are advancing towards Ukraine’s rail hub of Pokrovsk, just 33 km (20 miles) north of Kurakhove, in an effort to open up new lines of attack, disrupt Ukrainian logistics, and gain control of the eastern Donetsk region. Ukrainian President Volodymyr Zelenskiy has commended his troops for their resilience in defending Pokrovsk and Kurakhove, which are currently the…

Truist Securities Lowers Price Target for Edwards Lifesciences Stock to $71.00 Amid Recent Developments Truist Securities has revised its price target for shares of Edwards Lifesciences, setting it at $71.00, down from the previous target of $82.00. The firm has decided to maintain a Hold rating on the stock following the completion of the sale of Edwards Lifesciences’ Critical Care division to Becton Dickinson on September 3, 2024. The new price target takes into account the company’s earnings per share forecasts and the impact of recent acquisitions, including JenaValve and Endotronix. Despite concerns about EPS and dilution effects, Truist Securities…