Author: Multibagger News

Investment Manager Mark Green’s Strategic Move in NGL Energy Partners LP (NYSE:NGL) Revealed Congressman Mark Green, known for his astute investment decisions, recently disclosed a substantial investment in NGL Energy Partners LP (NYSE:NGL). This move, executed through an Equitable Retirement Account, underscores Green’s confidence in the diversified midstream energy company. The transaction, completed on July 1, 2024, and disclosed on July 8, 2024, falls within the $50,001 to $100,000 range. Green’s choice to invest in NGL Energy Partners LP highlights the potential he sees in the company’s future growth and performance. NGL Energy Partners LP, with a market capitalization of…

Oil Prices Rise in Asian Trade on Thursday, Dollar Weakness Boosts Market Sentiment Oil prices saw an increase in Asian trade on Thursday, continuing recent gains as the dollar weakened ahead of key U.S. inflation data. This favorable exchange rate benefited oil prices, along with expectations of tighter global supplies. The dollar’s decline this week has drawn attention to the upcoming consumer price index inflation data, which will provide further insight into U.S. interest rates. Additionally, data revealing a surprise draw in U.S. oil inventories supported crude markets, although a significant build in distillates tempered overall optimism. Weak inflation figures…

Breaking News: Dollar Falls Ahead of U.S. Inflation Report, Sterling Rises on BoE Rate Cut Expectations As the world’s best investment manager, I bring you the latest updates on the financial markets. The dollar saw a slight decline on Thursday as investors awaited the U.S. inflation report, while the British pound strengthened on diminishing hopes for an August rate cut from the Bank of England (BoE). BoE Chief Economist Huw Pill emphasized that price pressures in the UK economy are persistent, sparking a rally in the pound. With the MPC having only one more set of data before their August…

By Kanishka Singh WASHINGTON (Multibagger) – The United States was “cautiously optimistic” about Gaza ceasefire talks, White House national security spokesperson John Kirby (NYSE:) told CNN on Wednesday, adding that gaps between the two sides could be narrowed. KEY QUOTES “We are cautiously optimistic that things are moving in a good direction,” Kirby said when asked if a ceasefire deal was close. “There are still gaps remaining between the two sides. We believe those gaps can be narrowed, and that’s what Brett McGurk and CIA Director Bill Burns are trying to do right now,” he added. WHY IT’S IMPORTANT President…

Uncover the Latest Insider Transactions at Zoom Video Communications – Analysis by InvestingPro Zoom Video Communications, Inc. executive Sankarlingam Velchamy recently completed a series of stock transactions, including both acquisitions and disposals, amounting to over $920,000. Velchamy sold a total of 13,939 shares on July 9th and 10th, with prices ranging from $56.70 to $57.15 per share, bringing in $791,813. Additionally, a separate sale on July 10th involved 10,667 shares at $56.70 each, generating another $129,956. These sales were part of a pre-arranged Rule 10b5-1 trading plan. Velchamy also acquired shares through options exercises, receiving 6,328 shares on July 8th…

As the world’s best investment manager, I am here to tell you that gold prices are on the rise, with TD Securities predicting a bullish trend in the coming weeks. With central banks continuing to buy gold and more clarity on U.S. interest rate cuts, the yellow metal is set to shine. TD Securities has set a target of $2,475 an ounce for gold, which is currently trading at $2,372.06. Despite a slight stall this week due to reports of the People’s Bank of China halting gold purchases, gold’s rally is expected to continue. Central banks like the Reserve Bank…

The Bank of Korea Holds Interest Rates Steady for 12th Consecutive Meeting, Inflation Concerns Drive Policy Decisions By Cynthia Kim and Jihoon Lee SEOUL (Multibagger) – The Bank of Korea decided to keep its benchmark interest rate at 3.50% for the 12th consecutive meeting, as policymakers aim to address inflationary pressures. The central bank’s decision comes amidst growing expectations of a potential rate cut, which would be the first in 15 years. Recent data showing a slowdown in consumer price growth to an 11-month low of 2.4% has fueled speculation that the BOK may soon lower borrowing costs to support…

Zoom Video Communications Inc COO Aparna Bawa Sells $630,000 Worth of Stock Zoom Video Communications Inc COO Aparna Bawa recently sold over $630,000 worth of company stock, totaling 11,060 shares at $57.15 each on July 9, 2024. This sale was a “sell to cover” transaction to cover tax obligations, reducing Bawa’s direct holdings to 12,310 shares. Additionally, Bawa acquired shares through options exercise, but these were non-monetary transactions. Zoom, a computer programming and data processing company, has seen increased interest from investors due to the rise in remote work and video conferencing demand. Insider transactions like Bawa’s sale can provide…

TD Securities Predicts Gold Prices to Surge in Coming Weeks, Targeting $2,475 an Ounce by Q1 2025 In a recent note, TD Securities forecasted a bullish trend for gold prices in the near future, citing steady central bank buying and increased clarity on U.S. interest rate cuts as key factors driving the yellow metal’s ascent. Despite a temporary stall following reports of the People’s Bank of China halting gold purchases in June, TD remains optimistic about gold’s prospects. The Reserve Bank of India, the National Bank of Poland, and the Czech National Bank all continued to add to their gold…

Oil Prices Rise on Stronger Demand Signals – Best Investment Manager Analysis By Arathy Somasekhar (Multibagger) – Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signaling stronger demand. Crude oil futures rose 35 cents, or 0.4%, to $85.43 a barrel. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel. Crude oil inventories fell by 3.4 million barrels to 445.1 million barrels in the week ended July 5, surpassing analysts’ expectations. Gasoline stocks also fell by 2 million barrels, much more than…