Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon’s stock has seen a 12% rise over the past three years, recently surpassing its all-time high set in 2021. However, during this period, it has significantly underperformed the broader market. The S&P 500 has gained 34% in the same time frame, outpacing the e-commerce and cloud computing giant. This marks one of the longest stretches of underperformance in Amazon's history. Despite this, the company’s underlying financials remain strong. Revenue...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Personal Income for August is predicted to increase by 0.4% monthly, and Personal Spending by 0.3% monthly. Forex traders can compare this to Personal Income for July, which rose by 0.3% monthly, and Personal Spending by 0.5% monthly. The PCE Deflator for August is predicted to expand by 0.2% monthly and 2.3% annualized. Forex traders can compare this to the PCE Deflator for July, which rose 0.2% monthly and 2.5% annualized. The PCE Core Deflator for August is predicted to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel has become one of the most contested stocks this year. The company's shares, primarily known for its PC CPUs, took a nosedive in early August. This followed its second-quarter earnings report, which fell short of analyst expectations, weak third-quarter guidance, the elimination of its dividend, and a restructuring plan that involved cutting 15% of its workforce, equating to around 15,000 jobs. Following this news, Intel’s stock dropped below $20 but has shown...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Singapore’s Industrial Production for August surged 6.7% monthly and 21.0% annualized. Economists predicted a drop of 4.0% and an acceleration of 9.6%. Forex traders can compare this to Singapore’s Industrial Production for July, which surged by 10.2% monthly and increased by 2.0% annualized. The German GfK Consumer Confidence Survey for October came in at -21.2. Economists predicted a figure of -22.4. Forex traders can compare this to the German GfK Consumer...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Meta Platforms, the parent company of Facebook and Instagram, is experiencing impressive growth, with its stock reaching all-time highs after a 91% increase over the past 52 weeks. Currently priced at $565 per share, this "Magnificent 7" stock raises the question: could a stock split be on the horizon? To understand the potential for a stock split, it’s essential to grasp the basics. A stock split merely changes the number of shares representing a company's...