Source: PaxForex Premium Analytics Portal, Fundamental Insight It's no secret that Amazon has been among the top-performing stocks in the past decade, making it one of the market's most rewarding stocks despite its relatively young age as a company. However, the adage "past performance is no guarantee of future results" rings true. Amazon appears to be facing challenges in sustaining its historical growth momentum, evident in its recent move to a new 52-week high, which weakens the bullish case for entering the stock at...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Singapore Trade Balance for November came in at S$6.270B. Forex traders can compare this to the Singapore Balance for October, reported at S$6.506B. Non-oil exports for November rose by 0.3% monthly and 1.0% annualized. Economists predicted a rise of 0.2% and 2.3%. Forex traders can compare this to Non-Oil Exports for October, which increased by 5.7% monthly and contracted by 3.5% annualized. The German IFO Business Climate Index for December is predicted at 87.8, the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As 2023 approaches its conclusion, investors are honing in on the appealing attributes of Microsoft. The tech giant's stock has surged by over 50% as of mid-December, outperforming the Nasdaq Composite's 38% increase thus far. Currently, the stock is under the control of bullish sentiments, driven by positive indicators in enterprise tech spending, artificial intelligence (AI), and economic expansion. However, as with any investment, Microsoft is not immune to potential...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final French CPI for November is predicted to decrease by 0.2% monthly and increase by 3.4% annualized. Forex traders can compare this to the French CPI for October, which expanded by 0.1% monthly and 4.0% annualized. The Final French Harmonized CPI for November is predicted to contract by 0.3% monthly and rise by 3.8% annualized. Forex traders can compare this to the French Harmonized CPI for October, which rose by 0.2% monthly and 4.5% annualized. The Preliminary French...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The positive update is that Walt Disney has halted its downward trend for the year. However, the drawback is that the shares of the entertainment giant have only gained 7% in 2023 as of the close on Wednesday, significantly underperforming the exuberant market. Investor sentiment toward the House of Mouse is currently lukewarm. In recent weeks, analyst profit projections have been on the decline, a stark contrast to the optimism surrounding more popular stocks. Analysts are...