Source: PaxForex Premium Analytics Portal, Fundamental Insight Alphabet has been making headlines, as is typical for one of the largest tech companies. In recent quarters, the company has experienced a challenging slowdown due to the complex macroeconomic landscape, which has resulted in reduced demand in the digital advertising market. Nonetheless, Alphabet's impressive 127% return over the past five years has kept it in the spotlight as an attractive investment option for many. However, it's important to have a comprehensive...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary French S&P Global Manufacturing PMI for May is predicted at 46.0, the Preliminary French S&P Global Services PMI at 54.2, and the Preliminary French S&P Global Composite PMI at 52.3. Forex traders can compare this to the French S&P Global Manufacturing PMI for April, reported at 45.6, the French S&P Global Services PMI at 54.6, and the French S&P Global Composite PMI at 52.4. The Preliminary German S&P Global Manufacturing PMI for May...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After Alibaba released its latest earnings report on May 18th, the company's stock experienced a 5% decline. In the fourth quarter of fiscal 2023, which concluded on March 31st, the Chinese e-commerce and cloud leader achieved a 2% year-over-year increase in revenue, reaching 208.2 billion yuan ($30.3 billion). This figure surpassed analysts' expectations by $410 million. Alibaba's adjusted net income also saw a significant rise of 38%, amounting to 27.4 billion yuan...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Litecoin maintains its medium-to-long-term bullish trend and positioned itself for a fresh run to crack the $100 level for the third time this year. The upcoming halving event, roughly two-and-a-half months away, provides a floor under any bearish move, as enthusiasm over the potential upside potential is high. Price action formed a higher lower during its previous correction from above $100, adding to bullish momentum, and the current pause in the uptrend has formed a flag...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Cisco Systems released its most recent earnings report on May 17th. In the third quarter of fiscal 2023, which concluded on April 29th, the leading networking company witnessed a remarkable 14% year-over-year increase in revenue, amounting to $14.6 billion. This figure surpassed analysts' expectations by an impressive $210 million. Additionally, Cisco's adjusted earnings per share (EPS) experienced a solid 15% growth, reaching $1.00 and surpassing the consensus forecast...