Author: Multibagger News

(Multibagger) – Canada’s Alimentation Couche-Tard Sets Sights on Acquiring Japan’s Seven & i Holdings In a strategic move that could reshape the global convenience store landscape, Canada’s Alimentation Couche-Tard has confirmed it has made an offer to purchase Japan’s retail giant, Seven & i Holdings. Earlier on Monday, Seven & i, the parent company of 7-Eleven, disclosed that it had received a preliminary takeover proposal from Couche-Tard and announced the formation of a special committee dedicated to assessing the offer. This news sent shares of Seven & i soaring, closing up approximately 23% in Tokyo, thereby valuing the retailer at…

Breaking News: House Republicans Accuse President Biden of Impeachable Offenses In a shocking turn of events, House Republicans have issued a report alleging that President Joe Biden committed impeachable offenses through an influence-peddling scheme that enriched himself and his family. The 291-page report details Biden’s involvement in foreign business dealings dating back to 2014, when he was vice president. The report has been presented to the House of Representatives for evaluation, but it remains unclear whether a vote for impeachment will be pushed forward. Even if the Republican-controlled House were to pass such a measure, the likelihood of removing Biden…

Barclays Analysis: $14 Million Leaves Spot Ethereum ETFs Despite Price Increase In a recent note by Barclays analysts, it was revealed that $14 million exited regulated spot exchange-traded funds (ETFs) in the United States over the past week. This occurred even as the price of ether, the cryptocurrency that spot Ethereum funds track, rose by 2.19% during the same period. The primary reason for the outflows was withdrawals from Grayscale’s Ethereum Trust, with $118 million leaving the fund. However, there was a $2 million inflow into Grayscale’s Ethereum Mini Trust, the second-largest spot ether ETF by net assets, which helped…

Breaking News: Dycom Industries (DY) Receives Buy Rating with $200 Price Target Ahead of Earnings Report In a recent update, DA Davidson has maintained a Buy rating on Dycom Industries (NYSE: DY) stock, with a steady price target of $200.00. This news comes just before the company’s second quarter earnings report, which is set to be released later this week. The analyst’s positive outlook is based on the high activity levels in fiber deployment plans and initiatives by both large and small providers. This is seen as a good sign for the industry, as it supports capacity absorption and benefits…

Breaking News: Federal Reserve Chair Jerome Powell to Hint at Rate Cuts at Jackson Hole Symposium Federal Reserve Chair Jerome Powell is set to speak at the Jackson Hole Symposium on Friday at 10 AM, where he is expected to provide clues about a potential rate cut at the September FOMC meeting. This comes after recent core CPI data revealed a 0.165% month-over-month increase, the third consecutive reading at or below a 2% annualized rate. The focus has shifted from whether the Fed will cut rates to how quickly and significantly it will happen, according to Citi economists. They believe…

TSMC Set for Rapid Growth Amid AI Boom: Bernstein Projects 30% EPS Increase by 2025 In the ever-evolving landscape of technology, Taiwan Semiconductor Manufacturing (TSMC) stands as a colossus, poised to ride the wave of the AI revolution. As the world’s largest chip manufacturer and a pivotal player in the current AI boom, TSMC is set for substantial growth, according to Bernstein analysts. Remarkable Revenue and EPS Projections Bernstein’s forecast paints a rosy picture for TSMC’s financial future. The investment firm anticipates a robust 26% increase in revenue and a 29% surge in earnings per share (EPS) for this year…

Title: Federal Reserve’s Interest Rate Cuts Hinge on August Jobs Report: Evercore ISI Analysis The Federal Reserve’s decision on interest rates is heavily influenced by the upcoming August jobs report, as highlighted by Evercore ISI analysts. While inflation data has shown some cooling, the Fed now prioritizes labor market trends for its monetary policy decisions. Evercore ISI emphasizes that the Fed is now a “labor data-first Fed,” meaning that the strength of the job market will determine the pace and extent of rate cuts. If August’s labor data shows improvement but continues on a softening trend, Evercore ISI expects the…

BREAKING: New Mpox Virus Strain Detected in Pakistan – Ministry of Health Issues Alert In a recent development, the Ministry of Health in Pakistan has confirmed one case of the mpox virus belonging to the clade 2 variety. This new variant has raised concerns globally, with the World Health Organization declaring it a public health emergency of international concern. The situation has escalated further, with the WHO sounding its highest alert level for an outbreak in Africa, where cases in the Democratic Republic of Congo have spread to nearby countries. With over 27,000 cases and more than 1,100 deaths, mainly…

Renowned investor and MicroStrategy cofounder Michael Saylor has set the crypto world abuzz with a mysterious tweet that may signal a new buying opportunity for Bitcoin. Saylor’s Bullish Bitcoin Message In a tweet featuring an image of a truck adorned with a Bitcoin logo, Saylor declared, “We’re going to need a bigger truck. #Bitcoin.” This cryptic message has sparked optimism among Bitcoin enthusiasts, with many expressing bullish sentiments towards the digital asset. Bitcoin Price Movement Bitcoin recently experienced a 2.84% drop, falling from $60,000 to $58,300 before rebounding slightly to $58,620. This comes on the heels of a larger 7.5%…

Discover the latest insights on Sphere 3D Corporation (NASDAQ:ANY) as H.C. Wainwright adjusts its outlook, reducing the price target to $3.00 from $4.00. Despite a decrease in revenue, the firm maintains its Buy rating on the stock. Key Points: Decrease in June quarter revenue leads to price target adjustment Company expands fleet with new S21s and hosting partners Analyst forecasts slight increase in operations despite revenue decline Analysis: As an investor, it’s essential to pay attention to analyst ratings and price target adjustments. Sphere 3D Corporation (NASDAQ:ANY) has experienced a decline in revenue, leading to a revised price target of…