Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors get excited about stock splits. This is understandable, of course: getting more stock in your favorite company can make even the most nonchalant of us happy. It's also true that companies announcing their intention to do a stock split usually see their stock price rise as the date of the split approaches. Even though the split doesn't change the value of the business-it just creates more slices of the same pie-many people are happy to buy more shares at lower...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Today’s trading session features no market-moving economic releases, and traders may attempt to recover from Friday’s losses during the opening hours. Traders should monitor price action during the last hour of trading, where global indices could accelerate to the downside on increased trading volume. Economic data confirm a slowing economy, despite Friday’s moderately better than expected US NFP report. Average hourly earnings cannot keep up with inflation,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Microsoft stock tumbled yesterday after the software giant updated its financial outlook for its fiscal Q4 ending June 30. The tech pioneer said it will have to lower its expectations for the quarter, a reason that could become much more common when the reporting season begins in July. Microsoft justified its warning with changes in exchange rates between the beginning of the quarter and the end of May. Specifically, as the U.S. dollar has strengthened against major foreign...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Singapore Retail Sales for April rose 1.2% monthly and 12.1% annualized. Forex traders can compare this to Singapore Retail Sales for March, which increased 7.4% monthly and 8.8% annualized. The US NFP Report for May is predicted to show 325K job additions and an unemployment rate of 3.5%. Forex traders can compare this to the US NFP Report for April, which showed 428K job additions and an unemployment rate of 3.6%. Private Payrolls for May are predicted to show 325K job...
Source: PaxForex Premium Analytics Portal, Fundamental Insight This year is sure to be a strong one for Pfizer. The maker of the COVID-19 vaccine will see a huge increase in sales this year, which management predicts will be about $100 billion. More than half of that amount will come from sales of the COVID-19 vaccine (Comirnaty) and tablets (Paxlovid), which together will total about $54 billion. Despite a projected 23% increase in revenues, the company's stock performance has been disappointing. Pfizer stock is down 9% over the past...
