Source: PaxForex Premium Analytics Portal, Fundamental Insight The continued poor performance of 3M stock indicates that investors are beginning to lose patience with the company. At the last investor presentation, management resigned from the full-year outlook it gave at the end of October. Thus, the company's stock is even falling out of favor with value-oriented investors and increasingly evolving an option only for dividend investors. Let's take a closer look at what's going on and whether 3M has investment potential. In...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Preliminary Australian Manufacturing PMI for December was reported at 57.4, the Preliminary Australian Services PMI at 55.1, and the Preliminary Australian Composite PMI at 54.9. Forex traders can compare this to the Australian Manufacturing PMI for November, reported at 59.2, the Australian Services PMI at 55.7, and the Australian Composite PMI at 55.7. Australian Consumer Inflation Expectations for December increased 4.8% annualized. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The pandemic forced many companies to send their employees to work remotely. Millions of employees who were used to appearing in their offices every day had to make significant adjustments to their work. Home Depot stock ended the Dec. 7 trading session at a record high of $416.18 per share. The home improvement dealer has been a jaw-dropper winner since the start of the pandemic as people diverted their spare cash to improve their homes. Since March last year, Home Depot stock...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The German Wholesale Price Index for November increased 1.3% monthly and 16.6% annualized. Forex traders can compare this to the German Wholesale Price Index for October, which increased 1.6% monthly and 15.2% annualized. The Final French CPI for November increased 0.4% monthly and 2.8% annualized. Economists predicted an increase of 0.4% and 2.8%. Forex traders can compare this to the French CPI for October, which increased 0.4% monthly and 2.6% annualized. The French...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Meta Platforms, formerly known as Facebook, has been getting a lot of attention lately, primarily because of the reasons that led to the name change. The company has stressed that it will actively invest to become a leader in the metaverse. The move has divided investors into two camps. On the one hand, the move to the metaverse expands the overall addressable market, which could provide revenue growth for more than a decade. On the other hand, some investors worry about the...
