Source: PaxForex Premium Analytics Portal, Fundamental Insight In 2023, many technology stocks experienced a rebound from the previous year's significant downturn, and Cisco Systems, a veteran in Silicon Valley, was no exception. The stock reached a 52-week high of $58.19 on September 1. However, in mid-November, Cisco's shares took a hit following the release of its earnings for the fiscal first quarter, which concluded on October 28. Investors seemed to react to something in the earnings report, sparking a notable decline. For...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Machine Orders for October rose 0.7% monthly and decreased 2.2% annualized. Economists predicted a contraction of 0.5% and 5.1%. Forex traders can compare this to Japanese Machine Orders for September, which increased by 1.4% monthly and dropped by 2.2% annualized. Foreign Buying of Japanese Bonds for the period ending December 9th came in at -¥1,080.0B, and Foreigners Buying of Japanese Stocks at -¥990.6B. Forex traders can compare this to Foreign Buying of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight As a pioneer in the realm of technology and the proprietor of some of the most widely used internet services, Alphabet stands as one of the most triumphant enterprises in history. Investors have reaped substantial rewards, with shares witnessing a fivefold surge in the past decade - a remarkable accomplishment surpassing the Nasdaq Composite Index's performance. However, our focus is on the future. As the current year draws to a close, the question arises: Is it plausible...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Electronic Retail Card Spending for November expanded 1.6% monthly and 2.1% annualized. Forex traders can compare this to New Zealand Electronic Retail Card Spending for October, which decreased by 0.6% monthly and 2.0% annualized. New Zealand Permanent/Long-Term Migration for October came in at 7,810. Forex traders can compare this to Permanent/Long-Term Migration for September, reported at 10,010. External Migration & Visitors for October surged 39.8% monthly...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Boasting a remarkable trailing 10-year return of 2,560%, Tesla stands out as an exceptional investment. Despite already surging 98% this year, outperforming the broader market, the electric vehicle (EV) giant's shares currently trade at a substantial 41% below their peak of $410 in November 2021. Optimistic investors eye a target of $500 per share, envisioning a more than 100% gain from the current price. Given Tesla's historic success, achieving this milestone may not...