Author: Multibagger News

Breaking News: Citi Updates RELX Plc. (REL:LN) Stock Outlook with Price Target Increase – What You Need to Know On Thursday, Citi revised its financial outlook on RELX Plc. (REL:LN) (NYSE: RELX) stock, raising the price target to GBP35.25 from GBP33.00. Despite maintaining a Neutral rating on the stock, the update reflects RELX’s strong performance this year, with a total shareholder return (TSR) of 16.4% so far, outpacing the UK market and European Media index. The positive adjustment is attributed to RELX’s robust earnings momentum and market rerating, driven by confidence in generative AI and broader AI capabilities. These technologies…

As an expert investment manager and financial market journalist, I bring you the latest updates on the U.S. dollar’s performance in early European trade. Weak economic data has raised expectations of interest rate cuts by the Federal Reserve, leading to a decline in the Dollar Index and a rise in sterling as the U.K. heads to the polls. Economic weakness puts pressure on the dollar The dollar has slipped following the release of softer-than-expected employment figures and a weak reading on non-manufacturing activity. This data has increased expectations of a Fed interest rate cut, with traders pricing in a 66%…

Federal Reserve Poised to Slash Interest Rates Three Times in 2024 Amid Economic Weakness, Warns ING Analysts Summary: ING’s latest analysis indicates that the Federal Reserve may be compelled to cut interest rates three times in 2024 due to deteriorating economic data and a weakening job market, a move that exceeds both the Fed’s projections and market expectations. Key Takeaways: Economic Indicators Signal Trouble Ahead ING analysts have identified a troubling combination of weakening economic data and a softening labor market. Specifically, the ISM services index has shown broad-based weakness, while jobless claims are on the rise. These factors suggest…

Canada’s Services Economy Contracts in June, Inflation Pressures Cool – S&P Global PMI Data By Fergal Smith In June, Canada’s services economy slipped back into contraction as a decline in new business weighed on the sector’s performance, according to S&P Global Canada services PMI data. The headline business activity index fell to 47.1 from 51.1 in May, marking its lowest level since March. A reading below 50 signals deterioration in activity, and this was the first time in a year that the index had been above the 50 threshold. Paul Smith, economics director at S&P Global Market Intelligence, stated, “Following…

Breaking News: Trump Claims to Have Driven Biden Out of White House Race, Disparages Harris By Jeff Mason In a shocking video published by the Daily Beast, Republican Donald Trump falsely declares victory over Democratic President Joe Biden in the White House race and launches a scathing attack on Vice President Kamala Harris. The Biden campaign swiftly condemned Trump’s bold statements. Trump, filmed at his golf course, boasts about his performance in a debate against Biden and declares, “He’s quitting the race … I got him out.” He goes on to insult Harris, suggesting she would be a “pathetic” replacement…

The Critical Bitcoin Support Level You Cannot Ignore – Expert Analysis by Peter Schiff Renowned gold and bear Peter Schiff warns of a potential intensification in the Bitcoin trend, highlighting a critical support level that investors must keep an eye on. If this level is breached, Schiff’s chart indicates a possible 60% drop in value for the digital gold. Currently, Bitcoin is hovering just below the 200 EMA, a key long-term trend indicator. A break below this level could signal a significant bearish trend with considerable price declines. Resistance at the 50 EMA ($63,634) and the 100 EMA ($63,315) further…

On Thursday, the world-renowned investment firm Berenberg reaffirmed its Buy rating on Oxford Nanopore Technologies PLC (ONT:LN) (OTC: ONTTF) stock, although the company’s price target was adjusted downward to GBP2.82 from GBP3.50. This adjustment was made in response to the sustained weakness in life sciences funding, which has had a significant impact on the valuations of genomics companies that are not yet profitable. Oxford Nanopore, a pioneer in gene-sequencing technology, has seen its valuation drop by approximately 80% since January 2022, exceeding the sector average de-rating of about 67% over the same period. This decline in valuation is primarily due…

ING Analysts Predict Three Interest Rate Cuts in 2024, Exceeding Fed’s Projections ING analysts have issued a warning that a combination of weakening economic data and a softening jobs market could prompt the Federal Reserve to cut interest rates three times in 2024. This forecast goes beyond both the Fed’s own projections and market expectations. According to ING, the recent decline in the ISM services index, along with an increase in jobless claims, indicates a possible interest rate cut in September. The firm believes that while the Fed is signaling only one cut this year, the consensus and market are…

Top Healthcare Investment Picks for 2024: Deutsche Bank’s Premier Choices At the dawn of each quarter, Deutsche Bank unveils its top investment ideas per sector, spotlighting stocks to hold for the next twelve months. This time, the healthcare sector takes center stage. 1. Edwards Lifesciences (NYSE: EW) – A Premier Growth Story in Medtech Deutsche Bank has bestowed a ‘buy’ rating and a $103 price target on Edwards Lifesciences. Analysts highlight its potential for steady revenue growth, driven by innovative therapies for mitral and tricuspid valvular disease. These new treatments are anticipated to significantly enhance investor engagement. 2. Icon (NASDAQ:…

Bank of Israel to Keep Interest Rates Unchanged Amid Gaza Conflict: Multibagger Poll By Steven Scheer JERUSALEM (Multibagger) – The Bank of Israel is set to keep short-term interest rates steady for a fourth consecutive meeting next week and potentially until 2025, according to a Multibagger poll of economists. All 15 economists surveyed predicted that the central bank would maintain its benchmark rate at 4.5% when the decision is announced on Monday at 4 p.m. (1300 GMT). Despite annual inflation holding at 2.8% in May, below the target range of 1-3%, economists believe that persisting inflation pressures, geopolitical risks, and…