Author: Multibagger News

Citi Reaffirms Sell Rating on Rightmove Plc with Acquisition Bid Rejection – What This Means for Investors Citi, the renowned investment management firm, has reaffirmed its Sell rating on Rightmove Plc (RMV: LN) (OTC: RTMVY) with a price target of GBP5.10. Rightmove recently turned down an acquisition proposal from REA, offering 705p per share, including 305p in cash and the rest in shares. Despite the initial valuation of 698p based on the September 10 closing price, which represented a significant 26% increase from Rightmove’s share price on August 30, the Board of Rightmove deemed the bid “opportunistic” and an undervaluation…

Delta Air Lines Trims Q3 Revenue Forecast Amid Global Cyber Outage Fallout Overview Delta Air Lines (NYSE: DAL) has revised its third-quarter revenue projections downward, citing significant disruptions due to a global cyber outage in July. This incident, triggered by a software update from cybersecurity firm CrowdStrike (NASDAQ: CRWD), affected several Microsoft (NASDAQ: MSFT) customers, including major airlines. Key Points Cyber Outage Impact Incident Overview: A CrowdStrike software update in July caused systemic issues for Microsoft users, significantly impacting airline operations. Delta’s Disruptions: Delta Air Lines experienced extensive disruptions, resulting in the cancellation of approximately 7,000 flights over a five-day…

How Kamala Harris Dominated the Presidential Debate: Analysis by Top Investment Manager In a recent note to clients, analysts at Strategas revealed how Vice President Kamala Harris’s performance in the presidential election debate shifted the dynamics from a referendum on the Biden administration to a choice. According to the firm, Harris overwhelmingly beat former President Donald Trump, who failed to capitalize on the moment. Despite some flaws in her policy agenda, Harris managed to introduce herself to voters on her own terms and set traps for Trump, who fell for them every time. While Trump may have imploded in the…

Investment Manager’s Analysis: UK Government Introduces New Bill to Clarify Legal Status of Cryptos, NFTs, and Carbon Credits In a move to provide legal protections for digital assets like cryptocurrency, non-fungible tokens (NFTs), and carbon credits, the UK government has introduced the Property (Digital Assets etc) Bill to Parliament. This bill aims to legitimize digital assets as “personal property,” bringing them on par with traditional assets. This development comes at a time when the crypto sector is facing regulatory challenges worldwide. In the US, the SEC has classified certain crypto assets as securities, and the EU is also implementing new…

Moonlake Immunotherapeutics (NASDAQ: MLTX) Receives Buy Rating from TD Cowen for Drug Candidate Sonelokimab: Phase III Data Release Anticipated TD Cowen maintained a Buy rating for Moonlake Immunotherapeutics (NASDAQ: MLTX) shares, focusing on the company’s progress with its drug candidate, Sonelokimab (SLK). The drug is currently under review for its Phase III development plan in Hidradenitis Suppurativa (HS) and Psoriatic Arthritis (PsA). The analyst highlighted the anticipated release of Phase III data for HS by mid-2025 and for PsA in the first half of 2026. Moonlake Immunotherapeutics is actively working on the clinical development of SLK, with significant milestones ahead.…

McDonald’s Extends $5 Value Meal to December Amid Competitive Fast Food Promotions – How It Impacts Your Wallet In a strategic move to capture budget-conscious diners, McDonald’s (NYSE: MCD) has announced the extension of its popular $5 value meal deal through December across most U.S. locations. Launched in late June, this promotion aims to retain customers who are increasingly wary of rising fast food prices. This decision highlights the competitive landscape within the quick-service restaurant (QSR) sector, where major players like Burger King-owner Restaurant Brands (NYSE: QSR), Wendy’s (NASDAQ: WEN), and Taco Bell are also leveraging value meals to drive…

European Central Bank Cuts Interest Rates Amid Economic Slowdown – What Does This Mean for Your Investments? As the European Central Bank slashes interest rates again in response to sluggishness in the eurozone economy, investors are left wondering how this decision will impact their portfolios. The rate-setting Governing Council has lowered its deposit facility rate by 25 basis points to 3.5%, as inflationary pressures continue to fade. This move comes after the ECB left its benchmark deposit rate unchanged in July, following a cut from an all-time high in June. Headline inflation in the eurozone has slowed to a two-year…

Exclusive Look Inside Figure’s Cutting-Edge Robotics Headquarters in Silicon Valley Step inside Figure’s Sunnyvale headquarters to witness the future of robotics. With $1.5 billion in funding, Figure is revolutionizing the industry with its latest humanoid robot, Figure 02. Get an insider’s look at the company’s innovative approach to robotics engineering. Explore the state-of-the-art testing facilities where Figure engineers put the robots through rigorous real-world scenarios. From automotive assembly to home applications, Figure is leading the way in humanoid robotics technology. Discover how Figure’s robots are making waves in the automotive industry, with successful pilots at BMW’s Spartanburg plant. With plans…

XRP Price Surges by 10% – What Does This Mean for Your Investments? As the world’s best investment manager, I am thrilled to inform you that XRP, the popular cryptocurrency, experienced a significant price increase today. XRP was trading at $0.5856, marking a 10.06% surge in value – the largest one-day gain since August 7. This upward movement has propelled XRP’s market cap to $30.2246B, accounting for 1.49% of the total cryptocurrency market cap. In the past seven days, XRP has seen a slight decline in value, losing 2.76%. However, the volume of XRP traded remains substantial, at $788.2049M, representing…

Sempra Energy (NYSE:SRE) Receives Positive Outlook with BMO Capital Markets’ Price Target Increase to $93 BMO Capital Markets has reaffirmed its Outperform rating on Sempra Energy (NYSE:SRE) and raised its price target to $93 from $90. This adjustment comes in light of a proposed decision by Administrative Law Judge Lakey that could impact the return on equity (ROE) for California utilities. The proposed changes may lower the ROE for Southern California Gas (SoCalGas) and San Diego Gas & Electric (SDG&E) by 42 basis points. Despite this, BMO Capital Markets remains optimistic about Sempra Energy’s performance. The proposed decision involves a…