Source: PaxForex Premium Analytics Portal, Fundamental Insight Following a lackluster performance in 2022, Meta Platforms shares have shown an impressive resurgence in 2023, surging by approximately 162% as of the latest data, which is over 13 times the gains of the S&P 500. This represents a remarkable turnaround from the previous year when the stock plummeted by more than 64%. The remarkable gains this year are attributable to the company's return to revenue growth after a series of declining quarters. Furthermore, Meta Platforms...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Permanent/Long-Term Migration for August came in at 9,980. Forex traders can compare this to Permanent/Long-Term Migration for July, reported at 6,440. External Migration & Visitors for August surged 59.4% monthly. Forex traders can compare this to External Migration & Visitors for July, which sky-rocketed 59.3% monthly. Visitor Arrivals for August decreased by 4.1% monthly. Economists predicted a surge of 60.5%. Forex traders can compare this to Visitor...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As Tesla's market capitalization approaches the $800 billion mark, investors are eyeing a potential return to the prestigious $1 trillion club. The electric vehicle (EV) pioneer possesses several key attributes that align with those of a trillion-dollar company: it benefits from a secular trend towards EV adoption, maintains a culture of disruptive innovation, and operates in a vast market with substantial growth potential. However, Tesla's stock prices have surged...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In September, Oracle, a prominent database and cloud company, experienced a 12% decline in its stock shares, according to data from S&P Global Market Intelligence. The primary catalyst for this decline was Oracle's release of its fiscal first-quarter earnings during that month. Leading up to September and preceding the earnings announcement, Oracle had reached an all-time high in its stock price, driven by growing enthusiasm around artificial intelligence (AI). However...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The cryptocurrency sector continues to struggle in 2023 as many cross-currents push and pull price action in either direction. While many traders focus on Bitcoin and its inability to break above 30,000, Ripple continues to score victories in its legal battle against the SEC. After winning its lawsuit in July, the SEC has appealed the ruling. Last week, United States District Court Judge Analisa Torres rejected the SEC appeal. The SEC has more avenues to explore, and the fight...