Author: Multibagger News

Global Equity Funds See Weekly Outflow Amid Economic Growth Concerns Global equity funds saw their first weekly outflow in four weeks in the week ending September 4, as cautious investors pulled back amidst worries about global economic growth and ahead of a data-heavy week culminating in the U.S. jobs report. According to LSEG data, investors sold a net $4.93 billion worth of global equity funds during the week, marking their largest weekly net sales since June 12. Investors were particularly concerned about the U.S. economy after a report from the Institute for Supply Management (ISM) on Tuesday revealed that U.S.…

Are you wondering how the recent Israeli airstrikes on Gaza City could affect your investments and financial markets? Look no further, as we dive into the financial implications of these devastating attacks and how it could impact your bottom line. Despite the ongoing destruction in Gaza City, families like that of Iqbal al-Zeidi continue to struggle to retrieve their belongings and find shelter. The constant bombardments have forced them to live in makeshift tents near Al-Aqsa Hospital, facing unbearable living conditions and limited resources. With worsening health conditions and severe shortages of essentials like water, medicine, and fuel, the residents…

Smartsheet Inc (NYSE: NYSE:) Receives Sector Perform Rating and Price Target Increase to $51 – Is This Stock a Strong Buy Opportunity? On Friday, RBC Capital maintained a Sector Perform rating on Smartsheet Inc, while raising the price target to $51 from $43. The adjustment followed Smartsheet’s mixed quarterly results, which saw the company’s shares increase by 4% after market close. Earlier that day, the stock also closed up 4%, contrasting with a flat performance by the iShares Expanded Tech-Software Sector ETF (IGV), amid unverified reports of potential mergers and acquisitions. Smartsheet’s recent financial performance showcased strong profitability leading to…

High-Conviction Stocks to Watch: Mizuho Adds Micron and Oracle to Top Picks List for September 2023 Mizuho’s September Stock Picks: Micron, Oracle, and More In a strategic move to capitalize on emerging market trends, Mizuho analysts have refreshed their Top Picks List for September. This update features the inclusion of Micron Technology (NASDAQ: MU) and Oracle Corporation (NYSE: ORCL), both of which are poised for substantial growth driven by key industry catalysts. Other noteworthy additions include Coterra Energy (NYSE: CTRA), PG&E Corporation (NYSE: PCG), Terns Pharmaceuticals Inc (NASDAQ: TERN), and Universal Health Services (NYSE: UHS). Why Micron and Oracle Stand…

Investment Manager’s Insider Report: Tragic Discovery in Mallorca – How Will This Impact Tourism and the Market? In a shocking turn of events, Spain’s Guardia Civil police have made a grim discovery in Mallorca. A young man’s body was found in a mountainous area during a search for a missing British hiker, whose partner’s body was tragically found earlier this week after a devastating storm hit the island. Emergency services have been tirelessly searching the area near the Torrent de Pareis canyon in the Tramuntana mountains for the missing Britons. The Guardia Civil released a statement saying, “The body of…

Unleashing the Potential of Sony’s Astro Bot: A Game-Changer in the Gaming Industry In a world where blockbuster publishers have overloaded gamers with all-you-can-eat open-world titles and online ventures, Sony’s Astro Bot emerges as a refreshing two-course meal, perfectly portioned for your gaming palate. Astro Bot, the brainchild of Sony-owned studio Team Asobi, has garnered critical acclaim and high review scores, making it a standout in the sea of gaming releases. This old-school 3D platformer pays homage to PlayStation’s rich history, with 300 Astro Bots to rescue, each donning iconic cosplays from the console’s past. But what sets Astro Bot…

Uncover the Investment Potential of Sony’s Latest PlayStation 5 Release In the world of gaming, Sony’s latest PlayStation 5 release is causing a stir among investors and gamers alike. As reviews of this highly anticipated game start to roll in, the director’s unique take on the industry’s trends is sparking curiosity. The game in question, “Astro Bot,” is more than just a fun adventure – it’s a potential game-changer for Sony’s future. With its focus on quality over quantity, this title is challenging the all-you-can-eat approach of blockbuster publishers. But what does this mean for investors? As Sony shifts its…

Breaking News: Expert Trader Peter Brandt Predicts Potential 17% Drop in Bitcoin Price, Bull Market Recovery Requires $74,000 BTC In the latest market update, the crypto industry experienced another wave of fear, uncertainty, and doubt as $100 million in liquidations occurred within the last 24 hours, with 76% of them being long positions. To shed light on the situation, renowned trader Peter Brandt shared his insights on the current state of the market. Brandt, a seasoned veteran with decades of experience in financial markets, identified an inverted expanding triangle pattern, also known as a “megaphone,” on the major cryptocurrency’s price…

On Friday, H.C. Wainwright maintained a Buy rating on shares of Vor Biopharma Inc. (NASDAQ:VOR) with a price target of $17.50, following the company’s latest clinical study results. Vor Biopharma reported additional data from its Phase 1/2 VBP101 study on September 5. The study is focused on evaluating trem-cel (VOR33) followed by Mylotarg in patients with relapsed/refractory (r/r) acute myeloid leukemia (AML). As of the July 19 data cut-off, 18 patients had been treated with trem-cel, and 10 of these patients went on to receive Mylotarg. The doses of Mylotarg varied, with three patients receiving 0.5mg/m2, four patients receiving 1.0mg/m2,…

Title: Bank of America Analysis: Quality Stocks Today vs. 2008 Crisis | Investing Insights Investing.com – In a recent note, Bank of America (BofA) highlighted the differences in high-quality stocks today compared to the 2008 financial crisis. As market volatility increases, investors are turning to high-quality stocks, but the dynamics of these assets have shifted over the years. BofA points out that high-quality stocks, rated “B+ or better” by S&P, are no longer trading at a deep discount as seen during the Tech Bubble. Instead, they are now at a slight premium, which BofA argues is not indicative of overvaluation.…