Source: PaxForex Premium Analytics Portal, Fundamental Insight Pharmaceutical behemoth Pfizer made huge profits as one of the leading manufacturers of the COVID-19 vaccine during the pandemic. However, there are signs that demand for vaccines is inevitably falling. Falling demand for vaccines will undoubtedly affect Pfizer's business, but does this mean that investors should run away from the company's stock? Let's look into it. Demand for the COVID-19 vaccine may be declining; vaccine maker Novavax recently lowered its 2022...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The cryptocurrency sector will follow equity markets lower, but a few assets appear to fight the downtrend amid positive fundamental developments. Litecoin managed to hold on to its bullish chart pattern despite the plunge in Bitcoin, Ethereum, and other Top20 cryptocurrencies. One reason is the decoupling of most well-established coins seeking to please regulators and maintain listings on cryptocurrency exchanges. Litecoin remained loyal to the original cryptocurrency framework...
Source: PaxForex Premium Analytics Portal, Fundamental Insight On Tuesday, August 16, Home Depot reported its financial results for Q2 of the fiscal year 2022. Notably, the home improvement retailer posted the highest quarterly sales and profits in the company's history. Home Depot's sales skyrocketed early in the pandemic when the company was recognized as a major retailer and allowed to stay open. This overlapped with consumers staying home more often and looking to better their living arrangements. Surprisingly, Home Depot has...
Source: PaxForex Premium Analytics Portal, Fundamental Insight US Personal Income for July is predicted to increase 0.6% monthly, and Personal Spending by 0.4% monthly. Forex traders can compare this to Personal Income for June, which rose 0.4% monthly, and to Personal Spending, which expanded 1.1% monthly. The PCE Core Deflator for July is predicted to increase 0.3% monthly and 4.7% annualized. Forex traders can compare this to the PCE Core Deflator for June, which rose 0.6% monthly and 4.8% annualized. US Preliminary Wholesale...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Walt Disney stock prices are up 30 percent since hitting a 52-week low at the beginning July. The House of Mouse did its part to back up this rise by announcing strong operating results for its fiscal third quarter, which ended July 2. While Disney's results seemed to be strong across the board, the key was the parks, entertainment, and merchandise segment, which nearly doubled its revenue YoY to $21 billion in the first nine months of fiscal 2022 (the fiscal year ends Oct...
