Source: PaxForex Premium Analytics Portal, Fundamental Insight Walmart's stock has rallied rapidly as consumers begin to adjust to life in the COVID era. They hit an all-time high in mid-April, which for a company that's been trading since 1970 already speaks volumes. At that peak, Walmart closed at nearly $160 a share. Perhaps with the impressive fundamental growth rate now supporting the company, it can reach another milestone and break the $200 barrier before the end of the year. Unlike many of its peers in the retail sector,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for March came in at -NZ$392M monthly and at -NZ$9,110M annualized. Forex traders can compare this to the New Zealand Trade Balance for February, reported at -NZ$691M monthly and -NZ$8,680M annualized. Exports for March came in at NZ$6.67B and Imports at NZ$7.06B. Forex traders can compare this to Exports for February, reported at NZ$5.22B, and Imports, reported at NZ$5.91B. The New Zealand ANZ Activity Outlook for April increased by 8.0%, and ANZ...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Twitter stunned Wall Street this Monday by announcing an agreement to be acquired by notorious Elon Musk, taking the company private. Since the acquisition price is about 8 percent higher than what the stock was trading on Tuesday morning, some investors might be tempted to try to profit from the discrepancy. But investors should think carefully before entering this game. There are serious risks involved in this deal, and a strong case can be made for selling Twitter stock...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German GfK Consumer Confidence Survey for May came in at -26.5. Economists predicted a figure of -16.0. Forex traders can compare this to the German GfK Consumer Confidence Survey for April, reported at -15.7. French Consumer Confidence for April is predicted at 92. Forex traders can compare this to French Consumer Confidence for March, reported at 91. The Australian CPI for the first quarter increased 2.1% quarterly and 5.1% annualized. Economists predicted an expansion of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The name Goldman Sachs has been synonymous with investment banking for decades. This company is one of the largest investment banks in the world, if not the largest. Goldman has a leading market share in several areas of investment banking, including mergers and acquisitions (M&A) and equity underwriting. But the bank also has a lower valuation than many of its peers, largely because most of its revenue comes from investment banking and trading activities. Of course,...
