Source: PaxForex Premium Analytics Portal, Fundamental Insight Over the last five years, Meta Platforms has seen its shares climb by 164%. Although impressive, this growth has been accompanied by significant volatility. Nevertheless, Meta has outperformed the Nasdaq Composite index, which returned 130% during the same period. While past performance doesn't guarantee future results, many investors remain optimistic about continued success. So, where might this "Magnificent Seven" stock be in five years? Meta is renowned for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Average Cash Earnings for May increased by 1.9% annualized, and Japanese Overtime Pay rose by 2.3%. Forex traders can compare this to Japanese Average Cash Earnings for April, which increased by 1.6% annualized, and Japanese Overtime Pay, which contracted by 1.2% annualized. The Overall Wage Income for Employees for May rose by 1.9% annualized. Forex traders can compare this to the Overall Wage Income for Employees for April, which increased by 1.6%. The...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Just when investors thought Apple shares might be losing momentum, the company's developer conference gave the stock a significant boost. The unveiling of a host of upcoming products and features leveraging artificial intelligence (AI) pushed Apple to new highs. Apple stands out as a leading AI stock because generative AI aligns seamlessly with the core experience of using iOS products. The key question for potential investors is how much more upside the stock has. Is...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US NFP Report for June is predicted to show 191K job additions and an unemployment rate of 4.0%. Forex traders can compare this to the US NFP Report for May, which showed 272K job additions and an unemployment rate of 4.0%. Private Payrolls for June are predicted to show 160K job additions and Manufacturing Payrolls 6K job gains. Forex traders can compare this to Private Payrolls for May, which showed 229K job additions, and Manufacturing Payrolls, which showed 8K job...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After a strong rebound in 2023, the tech sector has maintained its momentum through the first half of this year. Prominent tech-heavy indexes such as the Nasdaq Composite and Nasdaq-100 have increased by approximately 20% and 19%, respectively, driven largely by the growth of major tech stocks. Alphabet, like many stocks associated with artificial intelligence (AI), has reaped the benefits of the technology's mainstream adoption. This year, Alphabet's stock has surged...