Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple has been one of the most successful companies in the past two decades. Its excellent performance has brought its market capitalization close to the astonishing $3 trillion mark. Experienced investors who follow Apple should know the following things about the company: the iPhone continues to drive sales growth. The company has a strong and growing services segment. And ultimately, Apple has a history of victorious innovation. Let's look at each of these in more detail...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian AiG Services Index for March came in at 56.2. Forex traders can compare this to the Australian AiG Services Index for February, reported at 60.0. Australian Building Approvals for February increased by 43.5% monthly and Private House Approvals by 16.5% monthly. Forex traders can compare this to Australian Building Approvals for January, which plunged 27.1% monthly, and Private House Approvals, which dropped 16.3% monthly. The Australian Trade Balance for...
Source: PaxForex Premium Analytics Portal, Fundamental Insight On March 28, Tesla made headlines when management announced at its annual shareholder meeting that it intended to seek shareholder approval for a stock split. Although details were not disclosed, the last time the split took place in 2020, it happened on a 5-to-1 basis. Since Tesla stock trades at around $1,000 a share, a similar split would mean that each share would be worth around $200. This arrangement works by reducing the value of each share by one-fifth and instantly...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Miami Beach Convention Center will host the 2022 Bitcoin music festival, Sound Money Fest, starting today, but while enthusiasts view it as a platform to push Bitcoin awareness and price action higher, the BTC/USD shows bearish signs. Smart money selling led to eight consecutive down days after hitting resistance. The bear market rally in global equity markets shows signs of exhaustion, which is likely to add to selling pressure across cryptocurrencies, where Bitcoin...
Source: PaxForex Premium Analytics Portal, Fundamental Insight When the market offers you the chance to buy an industry-leading business with an iconic brand name on sale, you should never stop taking a closer look. One such example in the current market is the well-known financial services giant Goldman Sachs, whose stock is down 13% year-to-date and 22% from its 52-week high. First, let's look at one of the main reasons for the decline in Goldman stock. The stock fell in February because the well-known investment bank failed to meet...
