Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla has burst into the auto industry and single-handedly brought electric cars to the forefront. Forced to make the decision to change or stay behind, other automakers are now racing to produce their own models of electric cars, thereby challenging Tesla's control over the future of the industry. Tesla stock has made huge profits in recent years, though bears have always roared loudly, convinced that the company is overvaluing its future technology and that CEO Elon Musk...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Cryptocurrencies experienced 50%+ corrections in 2022, including XRP, the digital token powering Ripple. Adding to selling pressure in the XRP is the ongoing lawsuit between the SEC and Ripple, where Ripple continues to win small victories. Most legal experts believe the digital payments company will prevail in court in 2023. It will remove the biggest obstacle for price action, making XRP a top asset to consider. The XRP/USD has more upside potential from present levels than...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As Meta Platforms stock has fallen more than 60% over the past 12 months, many investors are probably taking a closer look at the company. Has the sell-off gone too far, making the social media company's stock a bargain? A closer look reveals that the stock does look cheap today. But that doesn't mean investors should rush to buy the stock. Indeed, it may make sense to take a wait-and-see attitude when it comes to Meta stock. As a technology company whose revenues are...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Singapore CPI for November increased by 1.0% monthly and 6.7% annualized. Forex traders can compare this to the Singapore CPI for October, which decreased 0.4% monthly and which surged 6.7% annualized. The Singapore Core CPI for November expanded by 5.1% annualized. Economists predicted an increase of 5.0%. Forex traders can compare this to the Singapore Core CPI for October, which increased by 5.1% annualized. Singapore Industrial Production for November contracted by 1.2...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Disney stock has fallen 39.5 percent over the past year as investors have failed to believe that the company will ever make a meaningful profit in the streaming business. But that may be a short-sighted view of Disney's performance this year. Investors with a long-term perspective might look not at the quarter or YoY losses, but at the opportunities, Disney is trying to uncover in streaming. Here's a look at where the company could be in a few years, and why the market...