Source: PaxForex Premium Analytics Portal, Fundamental Insight Pfizer has grown an authority at being first. The pharmaceutical behemoth was the pioneer to introduce a coronavirus vaccine a year ago. Since then, it has had several other successes: bringing the COVID-19 booster to market, getting approval for its vaccine for adolescents, and most recently getting approval for a vaccine for children. This has been followed by a lot of revenue. Moreover, the company recently raised its revenue forecast for coronavirus vaccines this year to $...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Japanese Household Spending for September increased 5.0% monthly and decreased 1.9% annualized. Economists predicted an increase of 2.8% and a decrease of 3.9%. Forex traders can compare this to Japanese Household Spending for October, which decreased 3.9% monthly and 3.0% annualized. Foreign Buying of Japanese Bonds for the period ending October 30th was reported at -¥525.9B, and Foreigners Buying of Japanese Stocks was reported at ¥411.5B. Forex traders can compare...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Amazon shares declined after the e-commerce and cloud behemoth released its Q3 results last week. The company's total revenue was up 15% year over year to $110.8 billion but did not match analysts' forecasts by $850 million. Net income fell 49% to $3.2 billion, or $6.12 per share, also below expectations by $2.81. For the next quarter, Amazon expects revenue to grow 4% to 12% year-over-year, compared with analysts' forecast of 13% growth. The company looks for its...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The South African Standard Bank PMI for October was reported at 48.6. Forex traders can compare this to the South African Standard Bank PMI for September, reported at 50.7. US Initial Jobless Claims for the week of October 30th are predicted at 275K, and US Continuing Claims for the week of October 23rd are predicted at 2118K. Forex traders can compare this to US Initial Jobless Claims for the week of October 23rd, reported at 281K, and US Continuing Claims for the week of...
Source: PaxForex Premium Analytics Portal, Fundamental Insight In October, Tesla's stock price climbed above $1,000, and its market capitalization surpassed $1 trillion. This situation has probably made many Tesla investors excited about the growth. Of course, many who have not yet caught this "flight" wonder if it is too late for them to benefit from this constantly growing stock. Let's discuss whether or not buying Tesla stock at this point makes long-term sense. Many traditional market observers find Tesla's stock...
