Source: PaxForex Premium Analytics Portal, Fundamental Insight 2021 comes to an end, but the market turbulence over the past month may continue with a rocky start in January. The omicron mutation of Covid-19 could cause minor ripples across the global economy, sufficient to extend bottlenecks in the supply chain. It will keep inflationary pressures elevated as economic output continues to cool. The holiday shopping season remained strong despite headwinds, but the consumer approaches stress levels which will force a gradual slowdown in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight It's been an extremely miserable year for Citigroup in terms of stock price performance, with shares down about 1% this year. The KBW Nasdaq Banking Index, which tracks big bank stocks, is up nearly 35% this year, indicating just how far Citigroup has fallen behind the broader sector. Trading at battered levels, can Citigroup turn the tide in 2022? Let's break it down. Citigroup faces some challenges in 2021. The bank, which has lagged behind its competitors since the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon stock hasn't changed much this year compared to the S&P 500's 20 percent rise. Thus, it is clear that the retailer's stock has not performed well in 2021. Worse, Amazon reported lower net income and operating income in its most recent quarter. And free cash flow fell to $2.6 billion in 12 months, down from more than $29 billion in the previous quarter. But instead of abandoning this retail giant, it would make more sense to buy more Amazon stock. Of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Many dominant cryptocurrency pairs and altcoins enjoyed a Santa Clause rally, but Bitcoin and Ethereum were absent from the party. 2022 looks bright for many projects, but neither Bitcoin nor Ethereum may participate in the upcoming rally. Scalability, costs, transaction speeds, and carbon footprints will hold them back while advanced competitors will emerge from their shadows and shine. Institutional capital is rotating out of Ethereum and into projects that solve the four...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Over one year ago, on December 22nd, 2020, the SEC filed its lawsuit against Ripple Labs Inc and two of its executives. The SEC claims Ripple raised $1.3 billion in an unregistered, ongoing digital assets securities offering, violating federal securities laws in the US. Last month, CEO and co-defendant Brad Garlinghouse stated good progress in its legal battle with the US regulator, and experts have rumored for months that Ripple could win the lawsuit. It would lift a headwind...
