Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors in Home Depot may be pleasantly surprised by recent developments. Despite challenges faced by many retailers, Home Depot has managed to keep pace with the S&P 500's upward trajectory over the past year, distinguishing itself from struggling counterparts in the industry. However, the retail landscape is not without its hurdles. The aftermath of the pandemic has led to decreased demand for home improvement projects, compounded by the impact of rising interest...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Dow Jones 30 crossed the 40,000 mark for the first time in history, driven by one moderately weaker-than-expected CPI reading. Traders who subscribe to the Dow Theory will note that this milestone could crumble, as the Dow Jones Transportation Index paints a different economic picture than the hope-based rally the Dow Jones 30 has experienced. Volatility could spike this week as traders reassess the broader picture. The trading week starts with no relevant economic data,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight With a staggering 47% decline in shares over the past half-decade, Alibaba Group has been an uninspiring investment for those in it for the long haul. The Chinese titan, known for its presence in e-commerce and technology, grapples with persistent political ambiguity, market vulnerabilities, and the encroachment of agile competitors. The looming question remains: can this corporate giant orchestrate a turnaround in the next five years, or is it bound to endure further...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand PPI Input for the first quarter increased 0.7% quarterly, and the New Zealand PPI Output increased 0.9% quarterly. Economists predicted a rise of 0.6% and 0.5%. Forex traders can compare this to the New Zealand PPI Input for the fourth quarter, which increased 0.9% quarterly, and to the New Zealand PPI Output, which increased 0.7% quarterly. The Singapore Trade Balance for April came in at S$4.525B. Economists predicted a reading of S$5.118B. ...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Intel's journey toward revitalization encompasses various elements, yet at its core lies a bold and expensive endeavor to compete head-to-head with Taiwan Semiconductor Manufacturing in the semiconductor foundry arena. Intel relinquished its once-dominant manufacturing advantage due to persistent setbacks and misjudgments, allowing TSMC to surge ahead. Consequently, TSMC's clients, including AMD, have seized the opportunity to offer chips outperforming Intel in both...