Author: Multibagger News

Israeli Border Police Eliminate Senior Hamas Commander in West Bank | Investing.com In a dramatic turn of events, Israeli border police have taken down a top Hamas leader in the West Bank. The military confirmed the death of Wassem Hazem, known as the commander of Hamas in Jenin, in a car filled with weapons, ammunition, and cash. Additionally, two other Hamas members were killed by a drone while attempting to flee the scene. This incident has significant implications for the ongoing conflict in the region and could impact financial markets. Stay tuned for more updates on this developing story. Analysis:…

Kohl’s (NYSE:KSS) Stock Downgraded by TD Cowen to Hold with $21 Price Target In a recent update, TD Cowen downgraded Kohl’s (NYSE:KSS) stock from Buy to Hold and lowered the price target to $21 from $25. The company continues to face challenges in its core apparel and footwear segments, leading to negative comparable sales for the past 10 quarters. Despite efforts to introduce initiatives in new categories, recent guide raise was mainly due to credit card revenues. The stock valuation appears fair at 10 times earnings, with potential rangebound movement until clearer growth visibility. Kohl’s management is actively addressing challenges…

Citi Strategists Reiterate USD Positive View for U.S. Election; Trade and Tariffs Key Factors – Analysis and Breakdown Citi strategists have maintained their stance that the upcoming U.S. election will be positive for the U.S. dollar, citing trade and tariff policies as major drivers. Specifically, the potential for increased tariffs, particularly targeting China, is expected to bolster the dollar. Currencies like the Chinese yuan, euro, Mexican peso, Taiwanese dollar, and Thai baht are identified as most vulnerable. However, the macroeconomic landscape remains uncertain, with other factors like Federal Reserve policy, recession risks, and global economic conditions also playing a significant…

By Amy-Jo Crowley, Oliver Hirt, and Andres Gonzalez LONDON (Multibagger) – The Swiss stock market operator, SIX Group, is currently evaluating strategic options for its financial information unit, which could include a potential merger with another entity. This information comes from three individuals familiar with the matter. SIX Group aims to retain a majority stake in the business and may even establish a new legal entity for it, as disclosed by two of the sources, who requested anonymity due to the confidentiality of the discussions. By carving out this business, SIX Group could facilitate a merger with another company or…

By Maria Martinez BERLIN (Multibagger) – The latest data from the Federal Labour Office in Germany revealed that the number of people out of work increased by only 2,000 in August, significantly lower than the expected 16,000. This resulted in a total of 2.8 million unemployed individuals in the country. The seasonally adjusted job rate remained stable at 6.0%, with 699,000 job openings registered with the labour office in August, indicating a decline in labour demand compared to the previous year. On the unadjusted scale, the number of unemployed rose by 63,000 to 2.9 million, marking the highest level in…

Baozun Stock Downgraded by CLSA: What Investors Need to Know In a recent development, CLSA downgraded Baozun (NASDAQ: BZUN) stock, an e-commerce service partner in China, from ‘Outperform’ to ‘Hold’, with a revised price target of $2.20. This decision follows Baozun’s second-quarter 2024 earnings report, which slightly exceeded CLSA’s estimates. Despite efforts to improve product sales and attract new brand partners, CLSA remains concerned about the company’s profitability in the current challenging market conditions. CLSA has adjusted its net profit forecasts for Baozun, citing increased competition and a weak macroeconomic environment as key factors. The firm maintains a projected adjusted…

Pinduoduo’s Market Cap Plummets by $55 Billion Amid E-Commerce Margin Woes – What It Means for Investors By Casey Hall SHANGHAI (Multibagger) – This week, shares of China’s leading e-commerce giants—Alibaba (NYSE: BABA), JD.com (NASDAQ: JD), and PDD Holdings (NASDAQ: PDD)—took a nosedive. The sell-off was triggered by concerns over margin pressures after PDD Holdings committed to ramping up investments to offer deeper discounts. Market Sentiment and Economic Challenges The trio—Alibaba, JD.com, and Pinduoduo (PDD Holdings)—cater to hundreds of millions of consumers monthly, selling everything from beauty products and electronics to household items and food. They are often regarded as…

Investing.com — As Wall Street trades higher on Friday, investors eagerly await the release of the Fed’s preferred inflation gauge. Intel is exploring restructuring options, while Dell has delivered impressive quarterly results and forecasts. PCE Price Index in Focus Investors are closely monitoring the pace and scale of Fed rate cuts this year, with key inflation data set to be released later in the session. The PCE price index, which is the Federal Reserve’s preferred inflation measure, is expected to show a slight uptick in July. The index is projected to rise 0.2% on the month, with an annual gain…

Breaking News: Volvo AB (OTC: VLVLY) Upgraded to Buy with New Price Target of SEK340 by HSBC Analyst In a recent development, an HSBC analyst upgraded Volvo AB (VOLVB:SS) from Hold to Buy, setting a new price target of SEK340.00, up from the previous SEK310.00. This upgrade comes after Volvo’s shares saw a 20% drop since March 2024, despite maintaining strong profitability with an estimated EBIT margin of 12.8% and ROCE of around 40%. The analyst praised Volvo’s management for rebalancing the production system in Europe, potentially leading to an increase in the through-cycle margin target. It is anticipated that…

Citi Strategists Reiterate USD Positive View for U.S. Election Impact In a recent report, Citi strategists reaffirmed their belief that the upcoming U.S. election will have a positive impact on the U.S. dollar. They emphasized that trade and tariff policies, especially those targeting China, are expected to drive a bullish outlook for the USD. The report outlined various election scenarios, with a “red wave” scenario, where Trump wins and Republicans gain control of both chambers of Congress, seen as the most USD positive. However, they also noted that other factors such as Federal Reserve policy, recession risks, and global economic…