Source: PaxForex Premium Analytics Portal, Fundamental Insight After the coronavirus pandemic began, Home Depot experienced an incredible rebound. Shareholders were pleasantly surprised by one of the unintended consequences of the government's forced closure of non-vital businesses. People, who are more likely to stay home with fewer places to spend money, turned to home improvement retailers to complete projects around the house. Home Depot's sales have skyrocketed, and its stock price has followed suit, rising 56% in 2021. Let...
The US NFP Report for December is predicted to show 400K job additions and an unemployment rate of 4.1%. Forex traders can compare this to the US NFP Report for November, which showed 210K job additions and an unemployment rate of 4.2%. Private Payrolls for December are predicted to show 365K job additions and Manufacturing Payrolls 35K job additions. Forex traders can compare this to Private Payrolls for November, which showed 235K job additions, and Manufacturing Payrolls, which showed 31K job additions. The Average Work Week for December...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investors looking for some stability in a raging stock market plagued by omicron and inflation fears should look to Verizon Communications. This telecom titan has resiliently weathered many challenges in the pandemic era, from store closures in 2020 to recent aviation safety concerns over the deployment of the C-band spectrum on the new 5G network. In addition, Verizon enters 2022 with momentum from a successful 2021. These metrics, combined with other attractive features, make...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Economists predict the US ADP Employment Change for December at 400K. Forex traders can compare this to the US ADP Employment Change for November, reported at 534K. Traders should wait for the release of this report before placing orders, as it may drastically impact price action before Friday’s NFP report out of the US. Canada will also release its employment data on Friday. It may impact this currency pair if either report surprises traders with a reading to the upside...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In 2020, investors focused on the technology sector chased a large number of high-growth stocks with high valuations. In 2021, though, that strategy backfired, as concerns about inflation and rising interest rates trounced many of these high-growth stocks. As investors ignored the more speculative tech stocks, sustainable giants like Alphabet, the parent company of Google, became more appealing investments. Over the past year, Alphabet's stock price has risen 66.8%, while...
