Source: PaxForex Premium Analytics Portal, Fundamental Insight Pharmaceutical giant Pfizer has faced a significant decline since early 2022, with shares plummeting by 46%. The steep drop in both revenue and earnings was largely due to the fading impact of its coronavirus-related products as the pandemic subsided, explaining its poor performance over the last 18 months. However, signs now indicate that Pfizer is on the verge of a recovery, which was highlighted in its second-quarter results. In 2022, Pfizer made history by generating $100...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for July came in at -NZ$963M monthly and at -NZ$9,290M annualized. Forex traders can compare this to the New Zealand Trade Balance for June, reported at NZ$585M monthly and -NZ$9,500M annualized. Exports for July came in at NZ$6.15B, and Imports at NZ$7.11B. Forex traders can compare this to Exports for June, reported at NZ$6.04B, and Imports, reported at NZ$5.45B. The Chinese 1-Year Loan Prime Rate for August was reported at 3.35%, and the Chinese...
Source: PaxForex Premium Analytics Portal, Fundamental Insight 3M has quietly become one of the most significant turnaround stories in the market, with its stock surging nearly 40% this year, reaching its highest point since early 2022. After navigating a challenging post-pandemic period marked by supply-chain issues and inflationary cost pressures, the industrial giant has shown signs of recovery with its latest update showcasing a rebound in growth and expanding profit margins. The headlines are encouraging, but does that mean 3M stock...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Performance of Services Index for July came in at 44.6, and the New Zealand Performance of Composite Index at 44.3. Forex traders can compare this to the New Zealand Performance of Services Index for June, reported at 40.7, and the New Zealand Performance of Composite Index at 40.9. New Zealand RBNZ Offshore Holdings for July came in at 56.3%. Forex traders can compare this to New Zealand RBNZ Offshore Holdings for June, reported at 57.2%. The US Leading...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alphabet shares have surged 6,290% since their initial public offering (IPO) in August 2004, while the S&P 500 has returned 637% during the same period. Now valued at $2 trillion and with $328 billion in sales over the past year, Alphabet remains a compelling investment. Here are five reasons why Alphabet stock is still a strong buy: Secular Growth Trends As a dominant force in the digital landscape, Alphabet capitalizes on several long-term growth trends. Its core...