Source: PaxForex Premium Analytics Portal, Fundamental Insight The market is increasingly worried about a weakening economy and the possibility of a recession. This is becoming a major topic of conversation among executives at almost every earnings meeting this quarter. Advertising, in particular, is preparing for tough conditions, and companies have begun aggressively cutting their advertising spending. But not all advertising companies are created equal -- Alphabet can surprisingly withstand declining ad spending. Here's why. In...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for July came in at 51.2. Forex traders can compare this to the New Zealand Business PMI for June, reported at 54.7. The Preliminary Japanese GDP for the second quarter increased 0.5% quarterly and 2.2% annualized. Economists predicted a rise of 0.6% and 2.5% annualized. Forex traders can compare this to the Japanese GDP for the first quarter, which was flat at 0.0% quarterly and expanded 0.1% annualized. Preliminary Private Consumption for the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight eBay is still struggling with a growth crisis right now, but the worst may be over. The online platform recently announced second-quarter results that exceeded expectations and indicated that sales and revenue trends are stabilizing. While some eBay metrics are still declining at double-digit rates, the rate of decline slowed in the second quarter. Let's take a closer look at the results and why investors should feel more confident about fiscal 2022. eBay's core...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The UK Preliminary GDP for June is predicted to drop 1.2% monthly. Forex traders can compare this to the UK GDP for May, which rose 0.5% monthly. The UK Preliminary GDP for the second quarter is predicted to decrease 0.2% quarterly and increase by 2.8% annualized. Forex traders can compare this to the first quarter GDP, which rose 0.8% quarterly and 8.7% annualized. UK Construction Output Seasonally Adjusted for June is predicted to decrease 1.5% monthly and to rise 3.3%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tech stocks have been hit incredibly hard this year by rising inflation. For most of the first half of 2022, however, IBM stock has held better than most of its technology sector peers and even hit a 52-week high of $144.73 in June. International Business Machines resisted the market downturn in the first half of the year thanks to earnings growth and a high dividend, which currently yields about 5 percent. But after the company announced Q2 earnings in July, things changed....