Source: PaxForex Premium Analytics Portal, Fundamental Insight Equity markets closed the previous session lower but managed the best weekly performance since the bear market began. Earnings season kicked into full gear last week, which was mixed, with overall weaker outlooks. Bargain hunters stepped in to buy what they view depressed price levels, a typical move at the end of the first wave of a bear market. Traders should prepare for two more sell-offs, each recording lower highs, and lower lows, before this bear may go to sleep,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel is one of the largest chip makers in the world and one of the leaders in the semiconductor industry. Most investors probably know that the company is the largest maker of x86 processors for PCs and servers, but in recent years it has also experienced errors in research and development and delays in production. Those mistakes have caused the company to fall behind Taiwan Semiconductor Manufacturing, or TSMC, in the technology race to produce smaller, denser, and more...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Tesla faced a number of adverse factors in the second quarter ended June 30, including a difficult macroeconomic environment and COVID-related restrictions that led to a three-week closure of its Gigafactory Shanghai plant in China. But the problems didn't end there. Shortly after the plant reopened, supply chain problems brought production to a virtual standstill in May. Taken together, these obstacles caused a significant slowdown in production and shipments compared to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary French Markit Manufacturing PMI for July is predicted at 50.8, the Preliminary French Markit Services PMI at 52.7, and the Preliminary French Markit Composite PMI at 51.8. Forex traders can compare this to the French Markit Manufacturing PMI for June, reported at 51.4, the French Markit Services PMI at 53.9, and the French Markit Composite PMI at 52.5. The Preliminary German Markit Manufacturing PMI for July is predicted at 50.6, the Preliminary German Markit...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon will report its Q2 2022 results after the market closes on Thursday, July 28. An analyst call is scheduled for the same day at 5:30 p.m. ET. Investors will likely approach the e-commerce and technology giant's report with some caution. Last quarter, the company's earnings fell short of Wall Street's expectations, while revenues were in line with the consensus forecast. While investors were undoubtedly unhappy with the final result, they were likely more...