Source: PaxForex Premium Analytics Portal, Fundamental Insight Since the election on November 5, Tesla's stock has surged by 40%, reflecting Wall Street's optimism about the company's prospects under the incoming Trump administration. This confidence appears partly rooted in the connection between Tesla's CEO, Elon Musk, and President-elect Donald Trump. Musk, a vocal supporter of Trump's campaign, has engaged with the president-elect extensively in recent weeks. Reports suggest that the Trump administration may revisit...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Singapore’s Industrial Production for October increased by 0.1% monthly and 1.2% annualized. Economists predicted a drop of 0.8% and an acceleration of 1.5%. Forex traders can compare this to Singapore’s Industrial Production for September, which decreased by 1.5% monthly and surged by 9.0% annualized. US Building Permits for October are predicted to decrease by 0.6% monthly to 1.416M permits. Forex traders can compare this to US Building Permits for September,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Walmart has emerged as the second-best-performing stock in the Dow Jones Industrial Average this year. This performance may seem surprising, especially when compared to the impressive financial results of AI-driven tech giants that have captured attention over the past year. Despite this, Walmart is strategically navigating its way through appealing tech markets while primarily remaining a retail-focused company. Like most retailers, it faces limitations in growth and earnings...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Retail Sales for the third quarter decreased by 0.1% quarterly, and New Zealand Core Retail Sales dropped by 0.8% quarterly. Economists predicted a contraction of 0.5% and 0.3%. Forex traders can compare this to New Zealand Retail Sales for the second quarter, which dropped by 1.0% quarterly, and New Zealand Core Retail Sales, which plunged by 1.2% quarterly. New Zealand Retail Sales for the third quarter fell 2.5% annualized. Forex traders can compare this to New...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The swift integration of artificial intelligence (AI) has significantly benefited Microsoft, with the stock soaring 72% since 2022. However, some investors may question whether it remains a sound investment, especially given the current price-to-earnings (P/E) ratio of 34, which is at the upper end of its decade-long history and surpasses the S&P 500's P/E of 30. Bill Gates, co-founder and former CEO, has generously donated billions in Microsoft stock to the Bill &...