Author: Multibagger News

Citi has raised its price target on ONEOK Inc (NYSE: OKE) to $102 from $85, maintaining a Buy rating on the stock. The adjustment comes after the company’s recent acquisition announcements, which are anticipated to significantly improve its financial performance in the future. Key drivers for the revised estimates include the acquisitions of ENLC and Medallion, along with expected synergies. Citi projects that these strategic moves could add over $2 billion to ONEOK’s long-term EBITDA, representing a more than 30% increase in EBITDA estimates for 2025 and beyond. The acquisitions are also expected to boost ONEOK’s free cash flow by…

Dior’s Strategic Leadership Shift: Prada’s Benedetta Petruzzo Takes Over Amid Supply Chain Overhaul By Mimosa Spencer PARIS (Multibagger) – In an impressive strategic maneuver, Christian Dior Couture, a crown jewel in the LVMH empire, has appointed Benedetta Petruzzo, the dynamic CEO of Prada’s burgeoning Miu Miu label, as its new Managing Director. The announcement, made on Tuesday, underscores Dior’s commitment to bolstering its leadership team amid challenging times. A New Dawn at Dior This crucial appointment comes over eighteen months after Delphine Arnault, the eldest progeny of LVMH titan Bernard Arnault, assumed the leadership at Dior. The brand has faced…

ZURICH (Multibagger) – As the Swiss economy boomed in the second quarter of 2024, growing by 1.8%, the government attributed this growth to income from the Paris Olympics, the European football championship, and increased pharmaceutical and chemical production. The annual increase surpassed Multibagger forecasts, coming in at 1.4%, with broadcast revenues from sporting events almost doubling GDP generated in the arts, entertainment, and recreation sectors. Switzerland, known for hosting sports organizations like UEFA and the International Olympic Committee, benefits from the added value generated by the sale of licenses, marketing rights, and ticket sales for the events they organize. However,…

Looking for the latest insights on Hologic (NASDAQ:HOLX) stock? Citi has reiterated its Buy rating on Hologic stock with a price target of $95.00. Find out more about the company’s financial outlook leading into fiscal year 2025 and its margin opportunities after recent investor meetings in Boston with Hologic’s management, including CFO Karleen Oberton. Discover the potential challenges and growth drivers for Hologic, including headwinds facing the Skeletal Health business and the implications of the US Preventive Services Task Force recommendations. Learn about the company’s strategy for capital allocation and its plan to achieve a 31.5% operating profit margin by…

Breaking News: Stock Futures Signal Lower Start in September as Kamala Harris Opposes U.S. Steel Deal and Tesla Plans New Model Y Version in China As the world’s best investment manager and financial market’s journalist, I bring you the latest updates on Wall Street’s stock futures pointing to a lower start in September after a volatile month of dealmaking in August. Kamala Harris has voiced her opposition to the proposed takeover of U.S. Steel by Japan’s Nippon Steel, while Tesla is reportedly planning a new six-seat version of its Model Y vehicle in China to boost its appeal in the…

Global Markets Brace for Critical U.S. Economic Data: What Investors Need to Know By Yoruk Bahceli and Tom Westbrook (Multibagger) – Global stock markets held steady on Tuesday, while the U.S. dollar hovered near a two-week high. Investors adopted a cautious stance ahead of significant U.S. economic data releases, which could heavily influence the Federal Reserve’s upcoming decisions on interest rates. Key Economic Indicators in Focus Investors are eyeing the U.S. ISM manufacturing activity survey set for release later today, providing a prelude to the crucial jobs data scheduled for Friday. These indicators are pivotal in determining whether the Federal…

As the world’s top investment manager and financial market journalist, I bring you the latest updates on Wall Street stock futures and key market movements. Kamala Harris’s stance on the U.S. Steel-Nippon Steel deal, Tesla’s new six-seat Model Y in China, Brazil’s president’s support for the X ban, and the mixed crude prices are all topics covered in this comprehensive analysis. 1. Futures Point Lower as Wall Street Prepares for September Trading – U.S. stock futures indicate a lower start to trading in September following a volatile August. – Despite a sharp decline earlier in the month, major averages ended…

World Health Organization Exceeds Polio Vaccination Targets in Gaza – Investment Manager Analysis GENEVA (Multibagger) – The World Health Organization in Gaza said on Tuesday that it is ahead of its targets for polio vaccinations in Gaza on day three of the mass campaign. Rik Peeperkorn, WHO representative for the Occupied Palestinian territories, told reporters that it had vaccinated over 161,000 children under 10 in the central area in the first two days of its campaign versus a projected 150,000. “Up until now things are going well,” he said. “These humanitarian pauses, up until now they work. We still have…

Elon Musk’s X Network Introduces Game-Changing Feature: How to Edit Messages on X iOS App X, the innovative social network backed by tech mogul Elon Musk, has just unveiled a highly anticipated feature for its users: the ability to edit messages directly. This update is set to revolutionize the way users communicate on the platform. The new edit message feature is now available for iOS users, with plans to expand to other platforms in the near future. This exciting development was announced by a company engineer, who confirmed that the function will soon be accessible to a wider audience. To…

Bitcoin Price Rises Amidst Recovery From August Declines: What Investors Need to Know As the world’s best investment manager and financial market journalist, I am here to bring you the latest news on Bitcoin’s price movement. On Tuesday, Bitcoin’s price rose by 2.5% to $58,999.7, marking a recovery from its August declines. This increase comes as investors eagerly anticipate major economic data releases scheduled for this week. In the past month, Bitcoin had been trending lower due to concerns over token distributions and mass sale events, particularly from the defunct exchange Mt Gox. Additionally, worries about a potential U.S. recession…