Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for June came in at NZ$9M monthly and at -NZ$15,980M annualized. Forex traders can compare this to the New Zealand Trade Balance for May, reported at NZ$52M monthly and -NZ$17,120M annualized. Exports for June came in at NZ$6.31B and Imports at NZ$6.30B. Forex traders can compare this to Exports for May, reported at NZ$6.97B, and Imports at NZ$6.91B. New Zealand Credit Card Spending for June rose 5.0% annualized. Economists predicted a rise of 9.9...
Source: PaxForex Premium Analytics Portal, Fundamental Insight On July 19, IBM released its second-quarter earnings report. The tech giant experienced a 0.4% year-over-year decline in revenue, amounting to $15.5 billion, but when considering constant currency terms, revenue actually rose 0.4%. However, the reported revenue fell short of analysts' expectations by $70 million. Additionally, IBM's adjusted earnings per share (EPS) decreased by 6% to $2.18, but it still surpassed the consensus forecast by $0.76. In response to the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Initially, Bank of America may appear to be an attractive investment opportunity. Its shares are priced at a modest multiple of less than 10 times this year's projected earnings, and analysts predict similar per-share profits for the following year. Additionally, the 3% dividend yield is quite appealing. Moreover, the bank's bottom line has shown impressive improvement, with a 19% year-over-year increase in the second quarter, thanks to higher interest rates. However,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Japanese Trade Balance for June came in at ¥43.0B and the Japanese Adjusted Trade Balance at -¥0.55T. Economists predicted a reading of -¥46.7B and -¥0.90T. Forex traders can compare this to the Japanese Trade Balance for May, reported at -¥1,381.9B, and the Japanese Adjusted Trade Balance at -¥0.78T. Exports for June rose by 1.5% annualized, and Imports plunged by 12.9% annualized. Economists predicted a rise of 2.2% and a contraction of 11.3%. Forex...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Verizon, the leading telecommunications company in the United States, recorded an impressive $137 billion in revenue during 2022. In comparison, its closest rivals, T-Mobile and AT&T, achieved revenues of $80 billion and $121 billion, respectively. However, what's fascinating is that despite its substantial revenue, Verizon's market capitalization stands at approximately $140 billion. This valuation represents just over one times the estimated revenue for the...