Author: Multibagger News

Peter Brandt Analyzes Current Bitcoin Market Cycle: Will It Break Records Without a New All-Time High? Experienced trader Peter Brandt has identified a key feature of the current market cycle that sets it apart from previous ones. According to his analysis, the current Bitcoin bull market cycle is on track to be the longest post-halving period in the history of the cryptocurrency without a new all-time high. Historical data shows that after previous halving events, Bitcoin quickly reached new cycle highs. However, in the current 2022-2025 cycle, Bitcoin has not yet reached a new high, even 23 weeks after the…

Snowflake Inc. (NYSE: SNOW) Receives Positive Outlook from KeyBanc with $168 Price Target KeyBanc recently reiterated an Overweight rating and a $168.00 price target for Snowflake Inc. (NYSE: SNOW), following the company’s second-quarter results. Snowflake’s product revenue exceeded expectations by $18 million, with an increase in full-year 2025 product revenue guidance by $56 million. The company’s EBIT and FCF margins for the second quarter surpassed estimates, while remaining performance obligations (RPO) outperformed consensus by $275 million. Snowflake’s recent product developments, including Snowpark and Cortex, were positively received. Despite these positive results, concerns remain among long-term bears due to flat net…

Oil Prices Near $75 Per Barrel: Citi Research Sees Buying Opportunity Despite Easing Geopolitical Tensions In recent weeks, oil prices have experienced a slight decline, hovering around $75 per barrel. Citi Research, in a note dated Wednesday, sees this as a potential short-term buying opportunity, even as geopolitical tensions have eased. The brokerage has identified several factors that could lead to a rebound in oil prices, potentially reaching the $80s per barrel. The recent drop in prices is largely attributed to geopolitical developments, particularly in Gaza, where a potential cease-fire is on the horizon, reducing immediate risks. Additionally, China’s economic…

Williams-Sonoma’s Q2 Earnings Beat Estimates, But Revenue Miss Sends Shares Plummeting 12% Williams-Sonoma (NYSE: WSM) reported its second-quarter earnings, delivering a mixed bag that has left investors reeling. The home goods giant surpassed analyst expectations on earnings per share (EPS) but fell short on revenue, leading to a sharp 12% drop in premarket trading. Additionally, the company lowered its full-year sales guidance, raising questions about its future performance. Key Financial Highlights: EPS: Adjusted earnings per share stood at $1.74, beating the analyst consensus of $1.61. Revenue: The company reported $1.79 billion in revenue, missing the forecasted $1.81 billion and marking…

Kansas City Fed Bank President Jeff Schmid Evaluates Unemployment Data Ahead of Rate Decision In a recent interview with CNBC, Kansas City Fed Bank President Jeff Schmid, known for his hawkish stance, expressed his intention to closely analyze the factors contributing to the rise in the unemployment rate. Schmid emphasized the importance of letting data guide future policy decisions, particularly regarding a potential rate cut at the Fed’s next meeting in September. “We’ve got some data sets to come in before September,” Schmid stated, highlighting the significance of upcoming economic indicators. He underscored the need to assess the sustainability of…

Breaking News: Ukraine Accused of Attempted Attack on Russia’s Kursk Nuclear Power Plant, Putin Informs U.N. – Exclusive Report In a shocking development, President Vladimir Putin has accused Ukraine of attempting to strike Russia’s Kursk nuclear power plant in an overnight attack. This unprecedented move by Ukraine, the biggest incursion into Russia by a foreign power since World War Two, has sent shockwaves across the globe. At a meeting of senior officials, Putin revealed that Moscow had informed the U.N. nuclear safety watchdog about the situation. However, he did not provide further details or present any concrete evidence to support…

Title: "Brazil Fintech Magie Raises $4 Million in Seed Round Led by Lux Capital, Revolutionizing Financial Assistance with AI-Powered Chatbot on WhatsApp" In a groundbreaking move, Brazil-based fintech company Magie has secured $4 million in a seed funding round spearheaded by Lux Capital, marking Lux’s first foray into the Brazilian investment scene. Magie, which has now raised a total of $5.1 million, is on a mission to transform the way people manage their finances with its innovative AI-powered financial assistant. The company’s current product allows users to seamlessly send money and pay bills through the popular messaging platform WhatsApp, offering…

Nuwellis, Inc. Terminates Agreement with DaVita Inc.: What Investors Need to Know Nuwellis, Inc. (NASDAQ:NUWE), a leading medical device company, has terminated its Supply and Collaboration Agreement with DaVita Inc., effective immediately. This move marks a significant shift in Nuwellis’s business strategy and could impact its financial outlook. The termination was mutual, and no stock warrants were vested as the conditions were not met. Nuwellis reported a 6% revenue increase in the second quarter of 2024, driven by a rise in the utilization of heart failure and critical care consumables. The company also made its first commercial sale of QUELIMMUNE…

Breaking News: July FOMC Minutes Signal Potential Rate Cut in September, JPMorgan Economists Say The latest Federal Open Market Committee (FOMC) minutes revealed growing concerns about labor market risks and a dovish stance from the committee, according to JPMorgan economists. The minutes, from the July 30-31 meeting, showed that the committee is more focused on labor market vulnerabilities than on the risk of inflation, despite acknowledging somewhat elevated inflation levels. While only a few members considered cutting rates by 25 basis points at the last meeting, a majority are leaning towards supporting a rate cut at the upcoming September meeting.…

Investing.com — U.S. stocks edged higher Thursday in cautious trading ahead of the release of critical labor market data, serving as a precursor to the eagerly-anticipated Jackson Hole symposium. Top Premarket U.S. Stock Movers to Watch Snowflake (NYSE: SNOW): Stock fell 9.7%. Despite beating expectations for Q2 earnings and revenue, the enterprise software maker issued tepid guidance, raising investor concerns in a competitive market. Urban Outfitters (NASDAQ: URBN): Stock dropped 12%. The retailer’s Q2 same-store sales growth fell short of expectations, indicating that consumers are tightening their belts. Peloton (NASDAQ: PTON): Stock surged 7.1%. The connected fitness company posted its…