Source: PaxForex Premium Analytics Portal, Fundamental Insight Home Depot stock is now worth much less than it was at the beginning of 2022: the stock is down more than 25%, compared to the S&P 500's 14% decline over the same time period. The list of investor concerns about the company's stock has expanded to include weak customer trends and a potential recession. However, these are short-term concerns, and Home Depot has experienced many such downturns in the past. Given this experience, let's try to figure out if this...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The preliminary Singapore GDP for the first quarter dropped by 0.7% quarterly and rose by 0.1% annualized. Economists predicted a contraction of 0.2% and a rise of 0.6% annualized. Forex traders can compare this to the Singapore GDP for the fourth quarter, which increased by 0.1% quarterly and 2.1% annualized. US Retail Sales for March are predicted to decrease by 0.4% monthly and Core Retail Sales by 0.3% monthly. Forex traders can compare this to US Retail Sales for February...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As you know, Johnson & Johnson has received tens of thousands of lawsuits related to talcum powder, which plaintiffs claim is causing them cancer. But it's fair to say that it's not unusual for a company the size of Johnson & Johnson to have to deal with some legal problems. But the number and nature of the company's lawsuits, and the fact that some plaintiffs claim that the drug maker knew about the dangers of talcum powder but ignored them to make money,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Employment Change for March came in at 53.0K, and the Unemployment Rate at 3.5%. Economists predicted a figure of 20.0K and 3.6%. Forex traders can compare this to the Australian Employment Change for February, reported at 63.6K, and the Unemployment Rate reported at 3.6%. 72.2K Full-Time Positions were created, and 19.2K Part-Time Positions were lost in March. Forex traders can compare this to the creation of 79.2K Full-Time Positions and the loss of 15.6K Part-...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Recently, it has become more and more probable that the US economy is heading into a recession. Analysts expect S&P 500 earnings in Q1 2023 to be down 6% from a year ago. Usually in such tough times, investors turn to defensive, recession-resistant companies like Procter & Gamble. In the past six months, that company's stock is up 20%. But there's an argument to be made that a popular and reliable stock like Procter & Gamble can have a negative impact on...