Source: PaxForex Premium Analytics Portal, Fundamental Insight Opportunities to acquire outstanding businesses at attractive prices are rare, as these companies often possess evident competitive advantages that maintain their popularity on Wall Street, even during market downturns. Procter & Gamble seems to fall into the category of exceptional businesses commanding a premium. Despite shares trading just below the all-time high of $165 set in late 2021, P&G carries a valuation premium compared to peers like Kimberly Clark, even...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Traders will start the new trading week with an economic calendar empty of market-moving events. The Asian trading session started with major economies on holidays due to holidays. China began its Chinese New Year celebration, Japan celebrated its National Day, Singapore and Hong Kong markets were closed for the Chinese New Year, and South Korea celebrated the Korean New Year. Brazil has its annual carnival and is closed for today’s trading session. Traders are likely to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Recently, Apple captured attention with its most substantial product launch in nearly ten years. On February 2, the company unveiled the Apple Vision Pro, a virtual/augmented reality (VR/AR) headset referred to by Apple as a "spatial computer." Powered by the same chip found in its MacBook Air, the Vision Pro boasts the capability to handle routine computing tasks like web browsing, word processing, video editing, and diverse entertainment applications. The success...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Today’s trading session is light on economic data to close off another record-breaking performance in equity markets. The NASDAQ100 has climbed a wall of worries, and traders have ignored statements by the US central bank regarding interest rate cuts. During the fourth quarter of 2023, tech investors pushed the NASDAQ100 from an October intra-day low of 14,060 to the current all-time intra-day high above 17,815. Their primary argument was the expectation for inflation to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Entering 2024, AT&T appears to have successfully navigated a substantial transformation under the leadership of CEO John Stankey. Having assumed the role in July 2020, Stankey refocused the company on its core telecommunications business, shedding entertainment assets acquired in previous management. Despite a challenging period for investors in recent years, marked by a dividend cut in 2022 and a prolonged period of stock underperformance throughout much of 2023, AT&T...