Source: PaxForex Premium Analytics Portal, Fundamental Insight CEO Warren Buffett and his company Berkshire Hathaway have long invested in bank shares. Out of the ten largest holdings in the Berkshire portfolio, four of them are banks. But as the coronavirus pandemic hit the economy and the banking sector was severely affected, Bank of America became a clear favorite of Buffett among his banking stocks, as well as among his portfolio holdings. Next, we will talk about what Bank of America means for Berkshire's portfolio. Oracle from...
Source: PaxForex Premium Analytics Portal, Fundamental Insight UK GfK Consumer Confidence for October was reported at -31. Economists predicted a figure of -28. Forex traders can compare this to UK GfK Consumer Confidence for September, reported at -30. UK Retail Sales for September increased by 1.5% monthly and by 4.7% annualized. Economists predicted an increase of 0.4% and 3.7%. Forex traders can compare this to UK Retail Sales for August, which increased by 0.9% monthly and by 2.7% annualized. UK Core Retail Sales for September...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Chip giant Intel, best known for its PC and data center processors, which have long dominated both markets, is also one of the leading manufacturers of NAND memory chips used in SSDs and smartphones for data storage. While Intel's core business is extremely (and consistently) profitable, the memory chip business is a very different story. NAND chips are marketable products, which means that chips from different vendors are basically the same. Most people have no idea which...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German GfK Consumer Confidence Survey for November was reported at -3.1. Economists predicted a figure of -2.8. Forex traders can compare this to the German GfK Consumer Confidence Survey for October, reported at -1.7. The French Business Survey for October was reported at 93. Economists predicted a level of 96. Forex traders can compare this to the French Business Survey for September, reported at 94. Advanced Eurozone Consumer Confidence for October is predicted at -15.0...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Chevron is increasing its presence in the Permian oil and gas-bearing basin, while oil production is weakening. So should we consider Chevron shares as a buy? Let's take a look at the earnings and the CVX stock chart. Chevron is the last oil company in the Dow Jones Industrial Index since Exxon Mobil's adversary was "expelled" in late August, after more than 90 years on the key index. But while Chevron will remain a "blue chip," the replacement of...
