Author: Multibagger News

As the world’s best investment manager and financial market journalist, I bring you the latest update on Croda International (CRDA:LN) (OTC: COIHY). Citi has revised its price target for the global specialty chemicals company to GBP 45.50 from GBP 50.00, maintaining a Neutral rating on the stock. This adjustment comes after a thorough reassessment of the company’s financial year 2024 forecasts in response to persistently challenging market conditions. The bank’s analyst highlighted that the expected recovery in demand for Croda’s products has not materialized as initially projected. The previous forecast had anticipated a 17% half-on-half improvement in profit before tax…

Investors Brace for Possible Trump Comeback: Impact on Latin American Markets Are you worried about how a possible Trump comeback could affect your investments in Latin America? As the world’s best investment manager, financial market journalist, and SEO mastermind, I have the inside scoop on what to expect if Trump regains power in November. With the Trump administration’s history of strained relations with Latin America, including issues with COVID-19 vaccine distribution and financial aid, investors are on high alert. Here are some key points to consider: – Mexico: The peso is already down 6% this year due to domestic factors,…

Title: Federal Reserve Chair Powell’s Testimony and June CPI Data Release: Key Insights for Market Investors As the world’s best investment manager and financial market journalist, I bring you crucial insights for the week ahead. Federal Reserve Chair Jerome Powell’s testimony and the release of June CPI data are set to impact the markets significantly. Evercore ISI strategists are closely watching Powell’s testimony for hints on a potential rate cut in September. The Fed’s decision will be influenced by ongoing inflation data post-Q1 and market expectations of a Republican clean sweep in the upcoming elections. Powell will navigate political pressures…

Greenbrier Companies’ Stellar Q3 Performance: A Comprehensive Analysis for Investors The Greenbrier Companies (NYSE: GBX) have reported their most impressive earnings per share (EPS) and EBITDA figures in over four and a half years, signaling a robust recovery from pre-pandemic levels. In the third quarter of fiscal 2024, Greenbrier achieved over $820 million in revenue and a gross margin of 15.1%. With a solid order backlog and refined revenue and delivery guidance for the remainder of the fiscal year, Greenbrier is on a trajectory of sustained high performance. The company aims to double its recurring revenue and has been lauded…

By the one and only Leika Kihara In a recent survey conducted by the Bank of Japan, market players have called for a reduction in the central bank’s bond buying activities. The survey results suggest that some respondents are urging the BOJ to cut its monthly government bond purchases to around 2 to 3 trillion yen, down from the current 6 trillion yen. This move comes as the BOJ prepares to unveil a tapering plan at its upcoming policy meeting, covering a period of one to two years. The central bank’s decision to end eight years of negative interest rates…

President Joe Biden’s Bold Move: What it Means for the Democratic Party’s Future In a groundbreaking letter to congressional Democrats, President Joe Biden reassured his commitment to his reelection bid amidst mounting concerns about his mental acuity and campaign viability. This comes in the wake of a lackluster performance in a recent debate against Donald Trump, sparking doubts about his ability to lead the party to victory. As Biden faces increasing pressure from within his own party, this week marks a pivotal moment in his political career. With the House and Senate reconvening for the first time since the debate,…

Citi Raises Price Target on Emami Ltd to INR900, Anticipates Acceleration in Revenue Growth – Analysis and Outlook As the world’s best investment manager, I am here to bring you the latest insights on Emami Ltd (HMN:IN) that you cannot afford to miss. Citi has maintained its Buy rating on Emami and raised the price target to INR900.00, signaling a bullish sentiment on the stock. The firm foresees a surge in revenue growth for Emami in FY25, driven by heightened demand and the company’s strategic initiatives. The positive outlook is fueled by near-term tailwinds, including a promising summer season that…

As the world’s top investment manager and financial market expert, I bring you the latest updates on the U.S. dollar and euro movements. The U.S. dollar is bouncing back ahead of Fed Chair Jerome Powell’s testimony, while the euro remains steady amidst volatile French politics. The Dollar Index is up 0.1% at 104.737, indicating a potential rate cut by the Fed in September. Traders are now pricing in a 76% chance of a rate cut, up from 66% last week. This could lead to a dovish stance from Powell during his testimony. On the other hand, the euro is facing…

Porsche’s Global Deliveries Drop 7% Amid EU-China Tariff Tensions: What Investors Need to Know Introduction In a surprising turn of events, German luxury carmaker Porsche has reported a 7% decline in global vehicle deliveries for the first half of this year compared to the same period in 2023. This downturn is largely attributed to a staggering 33% drop in deliveries to China, a key market for the brand. The Numbers: A Closer Look Porsche, which is majority-owned by Volkswagen (ETR: VOW), delivered 155,945 cars worldwide in the first six months of the year. This significant decline in deliveries is a…

European Central Bank Member Fabio Panetta Supports Gradual Interest Rate Reduction In a speech to bankers in Rome, ECB governing council member Fabio Panetta expressed confidence in the ability of the European Central Bank to continue lowering interest rates gradually without negatively impacting the current decrease in inflation. The ECB recently cut rates for the first time since June, but has not made any concrete promises about future rate cuts. Panetta, who is also the governor of the Bank of Italy, is known for his dovish stance on monetary policy. He addressed concerns about high service sector prices, noting that…