Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors in Walt Disney have been struggling to find positive momentum. The media giant's stock price started the Memorial Day holiday weekend at $88.29, lower than both its mid-November close of $91.80 before Bob Iger became Disney's CEO and its closing price of $88.97 on the first trading day of this year. Currently, Wall Street analysts are not optimistic about Disney. Truist analyst Matthew Thornton has reduced his price target for the stock from $121 to $105 on...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Spanish CPI for May is predicted to rise by 0.9% monthly and 4.4% annualized. Forex traders can compare this to the Spanish CPI for April, which increased by 0.6% monthly and 4.4% annualized. The Spanish Harmonized CPI for May is predicted to rise 0.6% monthly and 4.1% annualized. Forex traders can compare this to the Spanish Harmonized CPI for April, which expanded by 0.5% monthly and 3.8% annualized. Spanish Retail Sales for April are predicted to increase by...
Source: PaxForex Premium Analytics Portal, Fundamental Insight McDonald's, the popular fast-food chain, has experienced significant success in the past decade, surpassing the performance of the S&P 500. The company's sales growth has been fueled by price increases, resulting in a notable double-digit surge in the first quarter of 2023. However, there are indications that McDonald's pricing power may be waning. Management has observed a trend of customers reducing their orders, with fries being a common casualty due to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The trading week will start with low volumes and closed equity markets due to various holidays in the UK, the US, and Switzerland, three major financial hubs. It makes cryptocurrencies a more attractive space to explore for trading opportunities. South Korea, a leading cryptocurrency trading hub, especially across Asia, was also closed, which does not impact cryptocurrencies the same manner it does other assets. Ethereum rallied sharply until mid-April but has lost its upside...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Microsoft's stock has exhibited impressive performance throughout the year, achieving a remarkable 34.55% rise, surpassing the S&P 500's 9.2% increase. Nevertheless, some skeptics argue that the stock may be overvalued and lack substantial room for future expansion. These critics highlight the consensus analyst price target of $323.28, which implies a limited potential for upward movement in the coming year. However, it is crucial to consider alternative...