Source: PaxForex Premium Analytics Portal, Fundamental Insight With a remarkable surge of nearly 60% in the past year, the question arises: Is it opportune for existing General Electric investors to secure profits, and should potential new investors consider steering clear of the stock? To formulate an informed answer, a close examination of the company's outlook in 2024 becomes imperative. Let's delve into the key aspects that might shape General Electric's trajectory in the upcoming year. General Electric is poised for a...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The US Leading Index for December is predicted to drop 0.3% monthly. Forex traders can compare this to the US Leading Index for November, which contracted 0.5% monthly. Excessive bullishness engulfed traders in January, and the SP500 recorded an all-time high on Friday. The start of fourth-quarter earnings seasons led by US banks provided a catalyst, but the clouds have darkened. Major US banks were expected to outperform, given higher interest rates, but traders should focus...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Chevron stands as one of the largest energy companies globally, boasting an impressive $270 billion market cap. In a competitive landscape alongside integrated majors such as ExxonMobil, Shell, BP, and TotalEnergies, investors may wonder why owning Chevron stock could be a preferable choice. The answer is unequivocally affirmative, and here's the essential insight. Chevron, along with ExxonMobil, Shell, BP, and TotalEnergies, adheres to a common business model encompassing...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Business PMI for December came in at 43.1. Forex traders can compare this to the New Zealand Business PMI for November, reported at 46.5. New Zealand Permanent/Long-Term Migration for November came in at 2,740. Forex traders can compare this to Permanent/Long-Term Migration for October, reported at 9,090. External Migration & Visitors for November surged 30.4% monthly. Forex traders can compare this to External Migration & Visitors for October, which sky...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investor enthusiasm for Home Depot stock is experiencing a resurgence, with the shares of the home improvement giant rallying in recent months despite a contracting industry. The optimism on Wall Street hinges on the anticipation of a potential sales rebound, especially as interest rates are expected to decrease in 2024. While the exact timing of Home Depot's sales recovery remains uncertain, certain aspects of its momentum heading into the new fiscal year are already known...