Author: Multibagger News

Breaking News: Kenvue Inc. (NYSE:) Hits New 52-Week High Amid Economic Uncertainty – InvestingPro Insights Amid market volatility, Kenvue Inc. has reached a new 52-week high, with its stock price hitting $22.63. This achievement showcases the company’s steady growth of 1.07% over the past year, signaling potential for further expansion in an unpredictable market. In its recent earnings call, Kenvue reported a 1.5% year-over-year organic growth and an increase in adjusted gross profit margin to 61.6%. The company also raised dividends, demonstrating confidence in its long-term strategy for shareholder value creation. Looking ahead, Kenvue anticipates a full-year adjusted operating margin…

Gold ETFs See Fourth Consecutive Month of Inflows, Driving Global Investment Demand As the world’s top investment manager and financial market journalist, I bring you the latest news on global physically backed exchange-traded funds (ETFs). According to the World Gold Council (WGC), August marked the fourth straight month of inflows for gold ETFs, with a significant increase in holdings in North America and Europe. This surge was fueled by the record high gold prices, hitting $2,531.60 per ounce on August 20, driven by expectations of upcoming U.S. interest rate cuts. Despite this positive trend, gold ETFs had experienced outflows for…

Toro Company’s Shares Plunge 11.5%: A Detailed Breakdown of Q3 Earnings Miss and Revised Full-Year Outlook Introduction: In a significant market movement, shares of The Toro Company (NYSE: TTC) plummeted by 11.5% on Thursday following the announcement of disappointing third-quarter earnings and a downward revision of its full-year outlook. Let’s delve into the specifics of this financial event and understand its implications for investors and stakeholders. Q3 Earnings Miss: The Toro Company reported adjusted earnings per share (EPS) of $1.18 for the quarter ending on August 2, falling short of analysts’ collective expectation of $1.23. Additionally, the company’s revenue for…

Discover the Impact of Budapest’s Short-Term Rental Referendum on Housing Prices and Quality of Life By Krisztina Fenyo and Gergely Szakacs A Budapest district is currently holding a two-week referendum on a potential ban on short-term rentals, marking a significant move in one of Europe’s top tourist destinations. Last year, Eurostat data revealed that nearly 719 million guest nights in the European Union were booked through online platforms like Airbnb, Booking, Expedia Group, and Tripadvisor. Among EU capitals, Paris led with over 19 million guest nights, while Budapest emerged as the most popular central European city for short-term stays, recording…

Investigation Underway After Tragic School Shooting in Georgia – Rich McKay As the world’s leading investment manager and financial market’s journalist, I bring you the latest updates on the tragic school shooting in Georgia. Investigators are working to uncover how a 14-year-old student, Colt Gray, was able to access an assault rifle and carry out the devastating attack at Apalachee High School. Gray’s online threats from last year have raised questions about warning signs and his motive for the shooting. This incident has reignited the national debate on gun control in the U.S., where school shootings have become all too…

The Future of Supply Chain Management: How Portex is Revolutionizing the Industry Brittany Ennix, the mastermind behind Portex, is changing the game in supply chain management. With a $6.25 million seed round led by Footwork Ventures, Portex is poised to revolutionize the way small-to-mid-sized businesses (SMBs) handle their freight operations. Ennix’s vision for Portex is to provide a more efficient management process for SMBs, similar to the tools that larger companies use. By streamlining communication with carriers and brokers, providing instant price quotes, and offering automated analytics, Portex is saving companies up to 30% of their annual freight spend. With…

Casey’s General Stores (NASDAQ:CASY) Stock Price Target Raised by RBC Capital Markets to $403, EPS Climbs 7% YoY – Here’s What You Need to Know In a recent update, RBC Capital Markets has adjusted its stock price target for Casey’s General Stores to $403, up from $393, with a Sector Perform rating. The convenience store chain reported strong financial performance in the first quarter of fiscal year 2025, with earnings per share (EPS) increasing by 7% year-over-year to $4.83, surpassing the consensus estimate of $4.52 by 7%. The outperformance was primarily driven by the fuel segment, which saw better-than-expected gallon…

By Marianna Parraga and Mircely Guanipa In a surprising turn of events, Venezuela’s August oil exports reached their highest levels in over four years, with expanded shipments to China, the U.S., and Europe. This surge comes at a time when the risk of new U.S. sanctions looms large due to an ongoing electoral dispute. The U.S. Treasury Department had previously granted Venezuela a license to freely export its oil, easing sanctions imposed by the Trump administration. However, this authorization was not renewed in April, leading to uncertainty in the market. State oil company PDVSA, along with joint ventures with companies…

Title: Applied Digital Secures $160 Million Funding Led by Nvidia & Related Companies: A Strategic Expansion in AI and Data Centers Article: In a significant boost to its growth trajectory, data center operator Applied Digital (APLD) has successfully raised $160 million in a recent funding round. This substantial capital infusion was led by tech giant Nvidia (NASDAQ: NVDA) and prominent real estate firm Related Companies, as reported by the Wall Street Journal on Thursday. This latest investment comes through a new share offering by the Nasdaq-listed Applied Digital, which, as of Wednesday’s market close, boasted a market valuation exceeding $500…

Boost Your Investment Portfolio with Latest Productivity Data from the Labor Department U.S. worker productivity has shown stronger growth than previously estimated in the second quarter, leading to lower labor costs and potential relief from inflation pressures. According to the Labor Department’s Bureau of Labor Statistics, nonfarm productivity increased at a 2.5% annualized rate last quarter, up from the initial estimate of 2.3%. This positive revision aligns with economists’ expectations and indicates a positive trend in productivity. Unit labor costs, which reflect the price of labor per unit of output, rose at a slower rate of 0.4% in the April-June…