Online sports betting and iGaming company Flutter Entertainment plc (NYSE:FLUT) shares are trading marginally higher premarket Tuesday. The company disclosed its agreement to acquire Snaitech S.p.A. from a Playtech plc subsidiary at an enterprise price of €2.3 billion in cash.Snaitech is one of Italy’s top online operators, holding a 9.9% share in 2023 and averaging 291,000 monthly players.The acquisition aligns with Flutter’s strategy to strengthen its holding in international markets.The transaction is expected to close by the second quarter of 2025 and should be immediately accretive to earnings per share.Upon completion, Flutter anticipates claiming the strong spot in Italy with…
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Investing.com — Alpine Macro said in a note Tuesday that they believe Kamala Harris won the September 10 debate. However, the firm maintains that Donald Trump remains the favorite in the race for the presidency. According to their analysis, while Harris was better prepared and delivered a better performance, her victory is unlikely to sway many voters. The debate, watched by 67 million people, did not significantly alter the dynamics of the race. “The debate is unlikely to sway most voters, particularly centrists and independents,” said the firm. Alpine Macro notes that Harris struggled to articulate a clear governing agenda,…
News of the day for September 17, 2024Stefani Reynolds / Bloomberg via Getty ImagesThe Federal Reserve kicks off a two-day meeting that is expected to end tomorrow with its first interest-rate cut in four years; Intel (INTC) shares are jumping in premarket trading after CEO Pat Gelsinger laid out more restructuring plans; Microsoft (MSFT) shares are gaining on a $60 billion stock buyback plan and a 10% dividend hike; Meta Platforms (META) reportedly is banning Russia’s RT from Instagram and Facebook; and Amazon (AMZN) is ordering its staff back to the office five days a week. U.S. stock futures are…
If you are looking to add Bitcoin to your portfolio, the iShares Bitcoin Trust ETF is a way to do it. But is it really worth owning? For the uninitiated, Bitcoin (BTC 1.13%) can be very confusing and complex. But don’t fear — Wall Street has come to the rescue with an exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT -3.11%), as a quick and easy way to gain exposure to the cryptocurrency. Except that the two aren’t the same, and that’s important for investors to understand. What is Bitcoin? Bitcoin is a digital currency that has value because…
In this article, we will take a look into Accenture PLC’s (NYSE:ACN) DCF analysis, a reliable and data-driven approach to estimating its intrinsic value. Instead of using future free cash flow as in the traditional DCF model, the GuruFocus DCF calculator uses EPS without NRI as the default for the DCF model based on research that shows that historically stock prices have been more correlated with earnings than free cash flow.As of 2024-09-17, Accenture PLC’s intrinsic value as calculated by the Discounted Earnings model is $232.73. It’s currently trading at a price of $354.12. Therefore, the margin of safety based…
Buying individual stocks can certainly be a smart way to go for investors with the time, knowledge, and desire to play an active role with their asset allocation. On the other hand, since most Americans don’t check all three of those boxes, there’s no need to buy individual stocks to build serious wealth over time.In fact, you might be surprised at what you can potentially achieve with some basic index funds, steady contributions, and a few decades to let your investments grow.3 Simple index funds to buyThere are literally hundreds of great, low-cost index funds available to investors, so these…
The increased frequency and severity of adverse weather events witnessed in 2024 is underscoring to businesses and governments alike the urgent need for change and a rapid transition toward net zero.At the forefront of industry efforts to decarbonise are a range of technologies promising to reduce emissions for businesses in various ways.Speaking to Energy Monitor ahead of the Climate Tech: Understand the Technologies you Need to Deliver Net Zero webinar on 26 September, GlobalData senior analyst Christopher Papadopoullos discussed ‘hyped’ technologies, the state of adoption and disruptive companies in the climate technology industry.In 2024, what are currently the most ‘hyped’…
Cathie Wood has become a popular investment manager to watch. She invests in disruptive tech stocks through her company, Ark Invest, and the exchange-traded funds (ETFs) it sells.Last week, Ark sold shares of adtech company The Trade Desk (NASDAQ: TTD). Should investors follow suit?All about The Trade DeskThe Trade Desk is a digital platform that connects advertisers and media outlets. It’s really as simple as that, although it uses artificial intelligence (AI) and top technology to match brands with media, leading to pinpoint accuracy and real results for users. It’s become a powerhouse technology company that offers valuable services supported…
By Gertrude Chavez-DreyfussNEW YORK (Reuters) – Bond investors are more cautious and divided over prospects for recession in the world’s largest economy with the Federal Reserve poised to cut interest rates on Wednesday for the first time in more than four years.Proponents of a soft-landing scenario said recent weak U.S. data does not suggest the economy is falling off a cliff and might not even point to recession. Some hard landing believers, on the other hand, cited worrisome trends in the jobs market that could push the economy into a deep downturn and force the Fed to aggressively slash rates.It’s…
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