When Larry Culp assumed the role of CEO at General Electric in 2018, the company faced substantial challenges, particularly in its power business. Fast forward less than four and a half years, and the once-troubled power segment has transformed into the core strength of GE Vernova, a company scheduled to be spun off on April 2. This analysis delves into the recent Investor Day presentation, shedding light on the business and providing insights into what investors can anticipate from the upcoming spin-off. A prior article on GE Vernova...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final Japanese GDP for the fourth quarter rose 0.1% quarterly and 2.4% annualized. Economists predicted a decrease of 0.1% and 0.4%. Forex traders can compare this to the Japanese GDP for the third quarter, which contracted 0.7% quarterly and 3.2% annualized. Final Private Consumption for the fourth quarter decreased by 0.3% quarterly, and Final Capital Expenditure accelerated by 2.0% quarterly. Economists predicted a drop of 0.2% and 0.1%. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Boeing has recently confirmed ongoing discussions regarding the potential reintegration of Spirit AeroSystems into the Boeing fold, a business it had divested in 2005. Despite the significance of this news, the primary beneficiaries may not be the two companies directly involved. Rather, attention should be directed towards aerospace suppliers such as Hexcel and Carpenter Technology. Here's the rationale behind this perspective. Although a definitive agreement is yet to be...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Household Spending for January plunged by 2.1% monthly and 6.3% annualized. Economists predicted a rise of 0.4% and a drop of 4.1%. Forex traders can compare this to Japanese Household Spending for December, which contracted by 0.9% monthly and 2.5% annualized. Japanese Bank Lending for February increased by 3.0% annualized. Economists predicted a rise of 3.2%. Forex traders can compare this to Japanese Bank Lending for January, which rose 3.1% annualized. The...
Source: PaxForex Premium Analytics Portal, Technical Insight Currently priced at a remarkably low $0.65, the cryptocurrency token XRP may seem significantly undervalued, considering its cross-border payment network, Ripple, and partnerships with major players in the financial services industry. Furthermore, it trades at an 85% discount from its peak of $3.84. However, a closer look reveals several glaring warning signs for potential investors. Before considering an investment in XRP, it's crucial to be aware of the following key risk...