Source: PaxForex Premium Analytics Portal, Fundamental Insight So far this year has not been kind to stock markets. And while many drug makers have avoided a selloff, Pfizer is not one of them. The pharmaceutical giant has performed more or less on par with the broader market to date. Fortunately, Pfizer's latest quarterly report showed some very encouraging signs. However, there are also reasons to be concerned about the future of this medical company. Let's look at one earnings-related reason why Pfizer might be a buy and one...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The slowdown in the U.S. market has failed to stop the positive global momentum for McDonald's. That was the main takeaway from the fast-food giant's recent earnings report, which covers sales through the end of June. Of course, the company faced some serious challenges during this period. These include rising costs and increased inflationary pressures on consumer spending. However, the chain's report suggested that McDonald's could easily deal with this...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Construction Index for July came in at 45.3. Forex traders can compare this to the Australian AiG Construction Index for June, reported at 46.2. The Final Australian Markit Services PMI for July came in at 50.9, and the Final Australian Markit Composite PMI at 51.1. Forex traders can compare this to the Australian Markit Services PMI for June, reported at 52.6, and the Final Australian Markit Composite PMI at 52.6. Australian Retail Sales for June increased...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alphabet stock is down about 16% over the past 12 months as investors worry about the macroeconomic problems of its core advertising business. Rising interest rates and a looming recession have also put pressure on the stock. But that short-term factor aside, Alphabet stock looks historically cheap at 21 times projected earnings. For the foreseeable future, the company will continue to dominate the markets for search, digital advertising, streaming video, Web browsing, and...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Building Approvals for June decreased 0.7% monthly, and Private House Approvals increased 1.2% monthly. Forex traders can compare this to Australian Building Approvals for May, which surged 11.2% monthly, and Private House Approvals, which dropped 2.1% monthly. Australian Home Loans for June decreased 3.3% monthly, and Investment Lending for Homes plunged 6.3% monthly. Forex traders can compare this to Australian Home Loans for May, which increased 2.1% monthly, and...
