Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of Cisco Systems jumped 5 percent after the latest earnings report was released. For Q2 of fiscal 2023, which ended Jan. 28, Cisco's revenue rose 7% YoY to $13.6 billion and beat analysts' forecasts by $190 million. Adjusted earnings rose 5% to $0.88 per share and beat consensus estimates by two cents. That growth rate seems solid, but is Cisco stock worth buying in such a volatile market? For those not quite up to speed, Cisco operates in five major business...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary US S&P Global Manufacturing PMI for February is predicted at 47.1, the Preliminary US S&P Global Services PMI at 47.1, and the Preliminary US S&P Global Composite PMI at 47.5. Forex traders can compare this to the US S&P Global Manufacturing PMI for January, reported at 46.9, the US S&P Global Services PMI at 46.8, and the US S&P Global Composite PMI at 46.8. US Existing Home Sales for January are predicted to increase by 2.0% monthly to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Warren Buffett is great at getting the attention of investors and Wall Street analysts. Perhaps this is due to the more than 3,800,000% cumulative return he has provided to his company's Class A stock (BRK.A) since he took over as CEO back in the 60s. His phenomenal investment track record has allowed new and regular investors to follow him for decades and generate significant returns. Eventually, this is what makes Berkshire Hathaway's Form 13F reporting such an...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Cryptocurrencies have enjoyed a bullish start to 2023, but February could signal the end of the bear market rally. One of the primary downside catalysts for cryptocurrencies in 2022 was high inflation causing central banks to increase borrowing costs. It sparked a US Dollar rally, which added to selling pressure on cryptocurrencies. The collapse of FTX and several other high-profile market participants in the cryptocurrency sector initiated the exodus of capital, but the US...
Source: PaxForex Premium Analytics Portal, Fundamental Insight While many investors think of blockchain technology only in terms of cryptocurrencies, a growing number of S&P 500 companies are using it to optimize their business, deepen their competitive advantage and unlock new market opportunities. One of the best examples is Walmart, which is trying to take a fresh look at the future of retail. Walmart is actually an early adopter of using blockchain technology in business. These efforts have intensified significantly over the past...