Source: PaxForex Premium Analytics Portal, Fundamental Insight Home Depot shareholders have certainly had a memorable 2022. Through mid-December, shares were down 22%, the worst performance of the S&P 500. Home Depot also did not outperform its smaller competitor, Lowe's Companies. However, strong investment gains are not measured in such short time frames. With a broader focus in mind, let's take a look at where Home Depot could take shareholders in the next few years. Home Depot's operating performance in 2022 suggests...
Source: PaxForex Premium Analytics Portal, Fundamental Insight FTX and the massive fraud underneath it, how the lack of leadership mishandled the company, and customer funds, has set the cryptocurrency adoption and broader cryptocurrency ecosystem back several years. Once valued at more than $32B, FTX assumed a leadership position, especially after the collapse of other well-known market players, offering financial lifelines, buyouts, and a cryptocurrency rescue fund. It took days for FTX to collapse, file for bankruptcy protection,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Microsoft is one of the most diverse technology companies in the world, with market-leading positions in many industries. Windows, Office, LinkedIn, Xbox, and Azure, among others, have helped grow Microsoft's authority in the tech world and protected its business from the macroeconomic downturn. Since the beginning of 2022, the company's stock has fallen about 25 percent, as few have been able to avoid the market downturn. Rising inflation has driven down consumer...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Australian Manufacturing PMI for December came in at 50.4, the Preliminary Australian Services PMI at 46.9, and the Preliminary Australian Composite PMI at 47.3. Forex traders can compare this to the Australian Manufacturing PMI for November, reported at 51.3, the Australian Services PMI at 47.6, and the Australian Composite PMI at 48.0. UK GfK Consumer Confidence for December came in at -42. Economists predicted a figure of -43. Forex traders can compare this...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Oracle's latest earnings report, released on Dec. 12, impressed investors. For Q2 of fiscal 2023, which ended Nov. 30, revenue rose 18% YoY (25% in constant currency) to $12.3 billion and topped analysts' forecasts by $260 million. Adjusted earnings per share remained flat at $1.21 but beat the consensus estimates by four cents. Oracle shares rose after the report, but they have fallen more than 20 percent in the past 12 months. They still look cheap at 16 times...