Source: PaxForex Premium Analytics Portal, Fundamental Insight Shares of network equipment giant Cisco Systems have declined this year, as have most other technology stocks. The 25 percent drop in the share price has made them look cheap. Cisco reported adjusted earnings per share of $3.36 for the fiscal year 2022, which ended July 30, bringing its price-to-earnings ratio to 14. That's not an overly optimistic estimate for a company that is an absolute leader in its core markets. Cisco had 42.3 percent of the Ethernet switch market in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary French S&P Global Manufacturing PMI for November is predicted at 47.0, the Preliminary French S&P Global Services PMI at 50.6, and the Preliminary French S&P Global Composite PMI at 49.5. Forex traders can compare this to the French S&P Global Manufacturing PMI for October, reported at 47.2, the French S&P Global Services PMI at 51.7, and the French S&P Global Composite PMI at 50.2. The Preliminary German S&P Global Manufacturing PMI...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The previous several months have not been quite advantageous for large retailers. Declining consumer demand in the face of high inflation combined with an impending recession has put pressure on revenue growth. Increased advertising activity to get rid of growing inventory is also reducing profitability. All of this comes amid the start of the crucial holiday shopping season. Home Depot, whose business is actually performing quite well, has not escaped the pessimism of the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Even though Apple is down more than 16.88% for the year (as of Nov. 21), it is the most expensive public company in the world, with a market value of more than $2.4 trillion. By comparison, that's more than Alphabet and Amazon altogether. Apple has reached this size for a reason - it's well deserved. With world-class products and unparalleled brand loyalty, Apple is a force to be reckoned with. Here are a few reasons why you should add Apple stock to your portfolio in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German PPI for October dropped 4.2% monthly and surged 34.5% annualized. Economists predicted an increase of 0.9% and 41.5%. Forex traders can compare this to the German PPI for September, which sky-rocketed 2.3% monthly and 45.8% annualized. Financial markets slowed the pace of their bear market rally as central bankers cautioned that interest rates would move higher to fight inflation. Traders cheered the slowdown in the US CPI and PPI data for October, which added to...
