Source: PaxForex Premium Analytics Portal, Fundamental Insight When investors think about Tesla stock, they often assume it's about a company that will eventually dominate the auto industry. To some extent, this is justified, because Tesla has changed the automobile industry in a way that only a handful of companies have been able to do. But here's the thing: Tesla doesn't have to dominate the auto industry to be a big winner for investors. In fact, Tesla could not sell cars in conventional volumes and still become a major...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Volatility has always accompanied the cryptocurrency sector and has shown its existence this morning. Bitcoin spiked above 20,000, and other cryptocurrencies have followed its lead. While social media outlets call for the start of a new super-bull run, a sharp gain following 60%+ losses in 2022 is nothing extraordinary. Short interest has approached extreme levels, and short-sellers booked profits after several days of gradual increases in price action. Once the ETH/USD breached...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors counting on a significant discount to Procter & Gamble stock are unlikely to be satisfied. While the broad market fell hard in 2022, and many growth stocks hit a huge sell-off, P&G lost just 7% for the year. The stock is down about the same amount from the all-time high it hit at the beginning of the year. Does this modest price discount mean that investors should abandon the idea of investing in the stock of this consumer sector giant, especially if they fear...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final French CPI for December is predicted to decrease by 0.1% monthly and to increase by 5.9% annualized. Forex traders can compare this to the French CPI for November, which expanded by 0.3% monthly and 6.2% annualized. The Final French Harmonized CPI for December is predicted to contract by 0.1% monthly and rise by 6.7% annualized. Forex traders can compare this to the French Harmonized CPI for November, which rose by 0.4% monthly and 7.1% annualized. The Final Spanish...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Just weeks after OpenAI launched ChatGPT, Microsoft is reportedly working on how to incorporate it into its Bing search engine. When OpenAI released its new ChatGPT AI bot, a large language model (LLM) capable of writing code and telling jokes, on Nov. 30, one of the first things investors concluded was that it could become a threat to Alphabet's Google Search. Although ChatGPT is not connected to the Internet, the implications of the interface are wide-ranging, and it is...