Source: PaxForex Premium Analytics Portal, Fundamental Insight April was pretty challenging for the stock market as a whole, but International Business Machines succeeded in reversing the momentum. While the S&P 500 fell 8.8% for the month, a robust earnings report drove IBM stock up 1.7%, as per S&P Global Market Intelligence. With IBM's managed infrastructure services business no longer pulling it down, strong demand for software and consulting contributed to the century-old tech titan beating analysts' forecasts for both...
Source: PaxForex Premium Analytics Portal, Fundamental Insight 3M has baffled investors. It's no secret that the industrial sector has suffered from soaring raw material prices, persistent supply chain problems, and component shortages. In addition, weakness in end markets in areas such as semiconductors and automotive manufacturing, as well as the aftermath of the war in Ukraine, have all hit the sector. Consequently, many industrial companies lowered their forecasts or expectations for the full year. Nevertheless, 3M was not one of...
General Electric investors felt depressed after the industrial titan posted its Q1 earnings. Financial results were rather disappointing, and the full-year outlook also disappointed investors. Nevertheless, an alacritous correction in the stock will draw investors to the company`s stock. So, is it time to start buying the stock, or should you avoid GE after the earnings report? First, let's briefly list the key points of the report: Adjusted annual organic revenue growth for the quarter was 1%, which management said could have been...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Unemployment Rate for the first quarter came in at 3.2%. Economists predicted an Unemployment Rate of 3.2%. Forex traders can compare this to the Unemployment Rate for the fourth quarter, reported at 3.3%. The Unemployment Change for the first quarter increased by 0.1%. Economists predicted a rise of 0.1%. Forex traders can compare this to the Unemployment Change for the fourth quarter, which rose 0.1% quarterly. The Participation Rate for the first quarter came...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Verizon just had one of its worst days in a long time, and its stock is down 10%. While rival AT&T freed itself from the burden of its Warner Media division to now concentrate on its telecom business, VZ posted an earnings report that was disappointing, to say the least. The company is losing customers while AT&T is attracting them, revenue growth is now projected to be low compared to previous projections, profits are falling, and the broader problems facing the rest...
