Source: PaxForex Premium Analytics Portal, Fundamental Insight Last week, Boeing announced a resumption of revenue growth in Q3 and free cash flow generation of $2.9 billion. These accomplishments were important indicators in the aerospace giant's long effort to emerge from the recession. Nevertheless, Boeing's debt load was unchanged in Q3 at $57.2 billion: up from $11.9 billion just four years ago. With the global economy weakening, supply chain disruptions, and previous mistakes still costing Boeing billions of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Final Australian S&P Global Manufacturing PMI for October came in at 52.7. Forex traders can compare this to the Australian S&P Global Manufacturing PMI for September at 53.5. The Reserve Bank of Australia increased interest rates by 25 basis points to 2.85%. Economists predicted a rise of 25 basis points from 2.60%. Forex traders can compare this to the previous Reserve Bank of Australia interest rate decision, where it hiked rates by 25 basis points. It represents...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Chevron continues to actively capitalize on the favorable climate in the oil and gas market. The energy giant's profit significantly exceeded analysts' expectations. This served as an additional incentive for the company's shares to rise to record levels. Chevron's rising stock price further enriches Warren Buffett, whose Berkshire Hathaway considers the oil company its third-largest stake. Here's a closer look at the quarter and whether now is a good time...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian TD Securities Inflation for October increased by 0.4% monthly. Forex traders can compare this to Australian TD Securities Inflation for September, which rose 0.5% monthly. Australian Private Sector Credit for September increased by 0.7% monthly and 9.4% annualized. Forex traders can compare this to Australian Private Sector Credit for August, which rose 0.8% monthly and 9.3% annualized. Australian Housing Credit for September expanded by 0.6% monthly. Forex traders...
Source: PaxForex Premium Analytics Portal, Fundamental Insight If you bought $1,000 worth of Alibaba stock at a record high of $317 at the end of 2020, you would only have $230 today - a 77% decline. And while the company's valuation now looks attractive compared to e-commerce competitors like Amazon, investors should pay attention to the company's slowing revenue growth and increasingly unpredictable regulatory environment in China. Let's explore this issue in more detail. With a 47% market share, Alibaba is the undisputed...
