Source: PaxForex Premium Analytics Portal, Fundamental Insight ExxonMobil | Fundamental Analysis ExxonMobil raked in $16.3 billion in cash in Q1, bringing their total cash balance to $32.7 billion, despite significant expenditures on capital projects and shareholder payouts. The company's substantial cash reserves have sparked speculation about potential big acquisitions, but management has indicated a patient approach during their first-quarter earnings call, dampening the rumors. Here is an overview of the speculation and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for April came in at 49.1. Economists predicted a reading of 50.7. Forex traders can compare this to the New Zealand Business PMI for March, reported at 48.1. New Zealand Permanent/Long-Term Migration for March came in at 12,108. Forex traders can compare this to Permanent/Long-Term Migration for February, reported at 12,609. External Migration & Visitors for March surged 805.0% monthly. Forex traders can compare this to External Migration...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla shares have surged almost 40% year-to-date, outperforming the S&P 500's 8% rise, which has likely pleased investors. However, one analyst believes the stock still has significant potential for growth. According to Piper Sandler analyst Alex Potter, the stock's 12-month price target is $280, indicating a more than 60% increase from current levels. This bullish stance on the growth stock is in contrast to many analysts who have recently lowered their price...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Japanese Current Account Balance for March came in at ¥2.278T and the Preliminary Japanese Adjusted Current Account Balance at ¥1.010T. Economists predicted a reading of ¥2.947T and ¥1.320T. Forex traders can compare this to the Japanese Current Account Balance for February, reported at ¥2.197T, and the Japanese Adjusted Current Account Balance at ¥1.230T. Japanese Bank Lending for April increased by 3.2% annualized. Economists predicted...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple's stock rose by 5% on May 5th following the release of its latest earnings report. Despite a 2.5% year-over-year decrease in revenue to $94.8 billion for the second quarter of fiscal 2023, which ended on April 1st, the tech giant still beat analysts' estimates by approximately $2 billion. While earnings remained at $1.52 per share, this also exceeded the consensus forecast by $0.09 per share. Although Apple's growth rates may appear lackluster at first glance...