Author: Multibagger News

Uncovering Hidden Gems: The Great Rotation Towards Value Stocks – Don’t Miss Out on August’s High-Value Plays! Investing.com — Investors who were laser-focused on big tech giants in July may have overlooked one of the year’s most lucrative opportunities: a significant shift towards value stocks driven by stellar earnings reports from small and mid-cap high-quality companies. However, our premium users were ahead of the curve. For less than $8 a month, they received an AI-curated list of top high-value stocks before they reported their financials and surged in value. Here’s a glimpse of what you might have missed in July:…

Ethiopia to Save $4.9 Billion Through Debt Restructuring, Says Finance Minister In a groundbreaking announcement, State Finance Minister Eyob Tekalign revealed that Ethiopia is set to save a staggering $4.9 billion through its debt restructuring exercise. This move comes as the East African country recommences its long-awaited debt overhaul, following the successful acquisition of a new financing programme from the International Monetary Fund. “It is captured fully in the OCC (Official Creditor Committee) working paper. But we will sign and finalise with each individual country over the course of the next few months,” Eyob disclosed to Multibagger. This development is…

By Tala Ramadan and Jana Choukeir Read about the latest development in the ongoing conflict between Israel and Hamas, as Hamas leader Ismail Haniyeh is assassinated in Tehran and will be buried in Qatar. Stay informed about the escalating tensions in the region. Haniyeh will be interred in a cemetery after funeral prayers in the city of Lusail, north of Qatar’s capital Doha. Iran and Hamas have both accused Israel of carrying out the killing and have pledged to retaliate against their foe. Israel has not claimed responsibility for the death nor denied it. United States President Joe Biden has…

Singapore, Singapore, August 2nd, 2024, Chainwire As the world’s leading cryptocurrency exchange and Web3 company, Bitget has partnered with exSat to become a new Validator node in their network. This collaboration signifies a major milestone in scaling solutions through the exSat Docking Layer and advancing the Bitcoin ecosystem. Introducing Bitget Founded in 2018, Bitget serves over 25 million users in 100+ countries and regions, offering innovative trading solutions such as copy trading and a multi-chain crypto wallet. With partnerships with global athletes and celebrities like Lionel Messi, Bitget is at the forefront of inspiring individuals to embrace crypto. exSat: Revolutionizing…

Unlocking Apple Inc.’s (AAPL) Potential: DA Davidson Raises Price Target to $260 Amid iPhone Sales Surge In a recent development, DA Davidson has raised its price target on Apple Inc.’s shares to $260, up from $230, while maintaining a Buy rating. This adjustment comes on the heels of Apple’s third-quarter results for the fiscal year 2024, showcasing a strong rebound in iPhone sales, particularly in the Americas and Europe. The growth trend in Mainland China also continues to show improvement. The analyst at DA Davidson attributes this positive outlook to the stellar performance of Apple’s flagship product, the iPhone, which…

Block, Inc. (NYSE:SQ) Surpasses Q2 Earnings Expectations and Raises 2024 Guidance: What It Means for Investors OAKLAND, Calif. – Block, Inc. (NYSE:SQ) has reported an impressive second-quarter performance, exceeding Wall Street’s earnings predictions and subsequently revising its full-year guidance upwards. This news has spurred a premarket stock surge of 6% on Friday. Key Financial Highlights Adjusted Earnings Per Share (EPS): $0.93, surpassing the analyst consensus of $0.84. Quarterly Revenue: $6.16 billion, slightly below the expected $6.26 billion. Updated Full-Year 2024 Outlook Block has updated its full-year 2024 guidance with several positive revisions: Gross Profit: Now expected to be at least…

The Bank of England’s Historic Interest Rate Cut Boosts UK Economy The recent interest rate cut by the Bank of England marks a significant milestone in the UK’s economic recovery journey. With the benchmark rate lowered to 5.0% from a 16-year high of 5.25%, households and businesses are set to benefit from this move amidst the challenges posed by the COVID pandemic and geopolitical tensions. British manufacturers have shown resilience, with a stronger July performance compared to their counterparts in Europe and Asia. This positive momentum has also reflected in the UK stock market, with medium-sized firms reaching their highest…

Breaking News: Harris Campaign Raises Record $310 Million in July, Surpassing Trump’s Fundraising Efforts In a historic turn of events, the Harris campaign announced a staggering $310 million in donations for the month of July, outpacing Republican rival Donald Trump’s fundraising efforts. This surge in funds was fueled by small-dollar donations following President Biden’s endorsement of Vice President Kamala Harris, pushing the total raised by the campaign to over $1 billion. The July donations, with over $200 million pouring in within the first week after Biden’s endorsement, mark a significant milestone for the campaign. Two-thirds of the donations came from…

Meta’s Threads Reaches 200 Million Users in Record Time In a groundbreaking development, Meta CEO Mark Zuckerberg’s latest social media venture, Threads, has achieved a stunning milestone of 200 million active users in just 13 months. Instagram head Adam Mosseri confirmed the news, highlighting the platform’s rapid growth and success. The text-focused social media platform, launched in July 2023, has experienced exponential growth, reaching 150 million users in April 2024 and hitting the 175 million mark in July. Threads’ meteoric rise can be attributed to its unique value proposition in the social media landscape, offering users a fresh alternative to…

Amazon’s Q2 Earnings Beat Expectations, But Stock Drops 5% on Soft Q3 Guidance | Comprehensive Breakdown for Investors Amazon (NASDAQ: AMZN) has once again outperformed analyst forecasts with its second-quarter earnings, showcasing the resilience and growth potential of this e-commerce and cloud computing titan. However, the market reacted unfavorably, with Amazon’s stock dipping by 5% in after-hours trading due to its conservative guidance for the upcoming third quarter. Key Highlights from Amazon’s Q2 Earnings Report Impressive Earnings, Yet Unmet Revenue Projections Adjusted Earnings Per Share (EPS): Amazon reported an EPS of $1.26, significantly higher than the anticipated $1.03. Revenue: The…