Source: PaxForex Premium Analytics Portal, Fundamental Insight Last month, the online marketplace eBay acquired a specialty NFT marketplace called KnownOrigin. The press release stated that KnownOrigin is the "leading" NFT marketplace. As a cash-rich company, eBay was well positioned to finance this acquisition. However, with limited growth opportunities, the company must be careful not to lose focus on shareholder returns. And the purchase of KnownOrigin is likely a step in the wrong direction. There are three basic phases in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple stock, like most other tech companies, has made investors experience a full range of emotions this year. While the company's stock price was volatile in the first few months of 2022, a significant downward trend began after the company reported Q2 results in late April. The stock has not recovered since then. According to S&P Global Market Intelligence, Apple stock is down 17 percent for the year. That's mostly because investors are concerned that Apple won...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final German CPI for June is predicted to increase 0.1% monthly and 7.6% annualized. Forex traders can compare this to the German CPI for May, which rose 0.9% monthly and 7.9% annualized. The Final EU Harmonized German CPI for June is predicted to decrease 0.1% monthly and increase 8.2% annualized. Forex traders can compare this to the EU Harmonized German CPI for May, which rose 1.1% monthly and 8.7% annualized. The Final French CPI for June is predicted to rise 0.7%...
On July 8, Twitter dtopped to a four-month low after Elon Musk officially rescinded his offer to buy the company for $44 billion. In an SEC filing, Musk's legal representative said that Twitter violated the deal by making "false and misleading statements" about the number of "fake or spam accounts" on the social network. The legal team also stated that Musk had "reason to believe that the true number of false or spam accounts on the Twitter platform is significantly higher than the less than 5% that Twitter...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Traders brace for the start of the second-quarter earnings season, which will shed more light on corporate health. While many companies could release positive results after downgrading expectations during the first quarter, markets will monitor their full-year guidance. Volatility could spike in companies who release earnings while the broader trend remains bearish. Markets managed to stabilize and construct a positive week ending last Friday, but it appears to be the end of the...