Source: PaxForex Premium Analytics Portal, Fundamental Insight IBM shares fell nearly 10 percent to a seven-month low on Oct. 21 after the tech behemoth released a weak Q3 report. IBM's revenues rose just 0.3 percent from a year earlier to $17.6 billion, $190 million less than forecasts. But excluding divestitures and foreign exchange rates, the company's revenues were down 0.2%. Excluding the impending Kyndryl spin-off, IBM's revenue was up 2.5% in the period. Excluding divested businesses and foreign exchange rates, "...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian CPI for the third quarter increased 0.8% quarterly and 3.0% annualized. Economists predicted an increase of 0.8% quarterly and 3.1% annualized. Forex traders can compare this to the Australian CPI for the second quarter, which increased 0.8% quarterly and 3.8% annualized. The RBA Trimmed Mean CPI for the third quarter increased 0.7% quarterly and 2.1% annualized. Economists predicted an increase of 0.5% quarterly and 1.8% annualized. Forex traders can compare this...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Bitcoin above 60K provided an overall bullish sentiment boost. While Bitcoin faces the same struggles it did during its previous 50% crash from above 60K to below 30K, Litecoin quietly gains bullish momentum. The move by Litecoin towards a privacy coin, which can cause more widespread delisting from regulated cryptocurrency exchanges, offers it a unique advantage in the experimental privacy-focused dApps race, which can bring smart contracts, the driver behind several...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple will release its fourth-quarter 2021 fiscal year results this Thursday, which entails investors looking for a fast-growing stock trading at a low price need to act quickly, as the smartphone titan looks poised to deliver solid numbers that will help halt the recent decline in its stock price. As many know, Apple's stock has fallen over the past few weeks notwithstanding reports that the latest iPhone 13 models are in greater demand than last year's lineup. Let...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Earlier this year, Amazon made the shocking statement that founder Jeff Bezos would step down as CEO starting in Q3 2021. According to Amazon's announcement, the post will be filled by Andy Jassy, who earlier managed the company's fast-growing cloud computing business. Given that Bezos will have to live up to his class, the pressure is on. Next week, when the e-commerce giant reports its third-quarter results, investors will be able to see how well the company operated...
