Author: Multibagger News

Indonesia’s 2025 Budget Plan Signals Fiscal Prudence Under New President – Analysts In a move that has captured the attention of investors worldwide, Indonesia’s outgoing government has submitted a 2025 budget plan to parliament targeting a narrower deficit than this year. Analysts are interpreting this as a sign that Southeast Asia’s largest economy will remain fiscally prudent under its next president. The budget proposal, worth a staggering 3,613.1 trillion rupiah ($230 billion), projects a deficit of 2.53% of GDP next year, which is narrower than the expected 2.7% for this year. This move is crucial as it signals a commitment…

Revolut’s $45 Billion Valuation Confirmed After Securing U.K. Banking License Revolut, the U.K.-based neobank, has recently confirmed a new valuation of $45 billion through a secondary market share sale, following the acquisition of its own banking license in the U.K. and Mexico. This news solidifies Revolut as one of Europe’s most valuable private tech companies, challenging traditional banking incumbents. Founded in London in 2015, Revolut offers a wide range of financial services such as multi-currency accounts, payment and transfer services, crypto products, and insurance. With expansions into international markets like Europe and the U.S., Revolut has raised approximately $1.7 billion…

Goldman Sachs Bullish on Applied Materials Stock with $240 Price Target Goldman Sachs has reiterated its Buy rating on Applied Materials (NASDAQ: AMAT) stock, setting a price target of $240.00 following the company’s strong financial performance in the third fiscal quarter. The positive outlook for the fourth fiscal quarter is driven by increased demand in key sectors despite revenue normalization concerns in China. The firm is optimistic about Applied Materials’ growth potential through 2025, citing the company’s involvement in critical technology advancements. Goldman Sachs expects higher gross margins over time, along with significant operating margin expansion for the semiconductor industry…

Kamala Harris Unveils Economic Vision: Tackling Corporate Price-Gouging to Combat Inflation Understanding the Economic Landscape and Its Impact on Your Wallet Raleigh, North Carolina (Multibagger) – In a pivotal speech, Vice President Kamala Harris laid out her economic strategy focused on reducing costs and addressing corporate price-gouging as she looks ahead to a potential presidential run. The Inflation Dilemma: A Double-Edged Sword Inflation has been a persistent issue for American consumers, even as the broader economy boasts a robust job market. Initially driven by supply chain disruptions due to the COVID-19 pandemic, rising prices have continued as companies capitalized on…

Brazil’s IPO Market Drought Continues Amid Fiscal Concerns and High Interest Rates As the world’s best investment manager and financial market journalist, I have the inside scoop on why Brazil’s once-booming IPO market has hit a roadblock. Concerns about the country’s fiscal health and high interest rates are keeping as many as 20 companies from going public this year, with hopes now dashed until possibly after the 2026 presidential election. Businesses in various sectors, such as construction, retail, and infrastructure, are facing the harsh reality that the IPO window may not open until next year or even later. Companies like…

Exclusive: Harris to Face Protests Over Biden Administration’s Aid to Israel at DNC As Vice President Kamala Harris prepares to accept her party’s nomination for the presidency in Chicago, a coalition of 200 social justice organizations will march at the Democratic National Convention to protest the Biden administration’s aid to Israel during the recent conflict with Hamas. This has sparked controversy among Democratic voters, with some expressing disapproval of Biden’s handling of the situation. Protests are expected to peak on Monday and Thursday, coinciding with the days Biden and Harris will speak at the convention. The coalition, including various advocacy…

The Ultimate Investment Guide: Tapestry Inc. (NYSE: TPR) Analysis and Future Outlook Evercore ISI maintains its Outperform rating on Tapestry Inc. with a price target of $47.00, based on solid financial metrics and potential for earnings growth. Tapestry’s stock is valued at a P/E ratio of 8.5x fiscal year 2025 guidance, with EPS expected between $4.45 and $4.50. Key highlights include robust gross margins exceeding 70% for its core brand Coach and a 12% free cash flow yield. The potential acquisition of Capri Holdings is a key factor influencing Tapestry’s stock, with uncertainties surrounding the deal’s completion and terms. Despite…

Get ready for a quarter-point rate cut from the Federal Reserve next month as the U.S. economy continues to thrive. Recent macroeconomic updates indicate that American consumers are spending, WalMart is optimistic, and jobless claims are decreasing. While there are lingering weaknesses in manufacturing and housing, inflation is on target, allowing the Fed to ease off in September and support the ongoing expansion. The Atlanta Fed’s ‘GDPNow’ estimate has cooled slightly, but overall economic surprise indexes remain negative. The Fed is expected to start easing next month, with futures pricing in only 30 basis points of cuts. The upcoming Jackson…

Evergrande Faces Major Bankruptcy Proceedings: What It Means for Investors and the Real Estate Market HONG KONG (Multibagger) – The financial turbulence surrounding Evergrande, one of the world’s most indebted property developers, continues to escalate. The administrator of Evergrande’s key onshore unit has requested creditors to submit details of the debt owed to them ahead of the first creditor meeting scheduled for November 14, as per official documents. Last week, the Guangzhou Intermediate People’s Court mandated that Evergrande’s subsidiary, Guangzhou Kailong Real Estate, enter bankruptcy and liquidation. This decision follows a liquidation petition filed by Vanward, a Shenzhen-listed appliance manufacturer,…

ExodusPoint Capital Management Sees $1 Billion Drop in Assets Under Management in First Half of 2024 By Carolina Mandl ExodusPoint Capital Management, founded by Michael Gelband and Hyung Lee, reported a significant $1 billion decrease in assets under management in the first half of 2024, as per a recent regulatory filing. The firm’s assets fell from $12.02 billion at the end of last year to $11.04 billion on June 30. While the filing did not specify the reason for the drop, a source familiar with the matter attributed it to client withdrawals. ExodusPoint has been closed to new investments since…