Source: PaxForex Premium Analytics Portal, Fundamental Insight At first glance, it's not even a competition. Not only has the e-commerce behemoth Amazon's stock outperformed that of rival Walmart in recent years but as of last month -- as per the figures obtained by The New York Times -- people are now spending more on Amazon than on more traditional retailers. Obviously, the pandemic has been a real blessing for online retailer. Nevertheless, if you think this is another obvious hint that nothing can get in the way of Amazon, you...
Source: PaxForex Premium Analytics Portal, Fundamental Insight After cryptocurrencies plunged by a broader margin than other assets, some traders may bottom fish the Top 10 cryptocurrencies. The risk remains to the downside as the global risk-off sentiment that accelerated in September is set to continue, and the cryptocurrency market ranks among the most vulnerable ones. Bitcoin has led the march lower, and traders should expect a sustained breakdown below 40,000 after price action dipped below it earlier today before a massive recovery...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Boeing has started to regain order momentum in 2021 after two crises - the 737 MAX flight ban and the COVID-19 pandemic. In the first eight months of this year, the aerospace giant received 315 net orders for commercial aircraft. That is a welcome change after two years of negative net orders. However, Boeing continues to fight hard to produce aircraft reliably and pass them on to customers. That will cause the company to continue to squander cash and could jeopardize its...
Source: PaxForex Premium Analytics Portal, Fundamental Insight New Zealand Westpac Consumer Confidence for the third quarter was reported at 102.7. Forex traders can compare this to New Zealand Westpac Consumer Confidence for the second quarter, reported at 107.1. New Zealand Credit Card Spending for August decreased 6.3% annualized. Forex traders can compare this to New Zealand Credit Card Spending for July, which increased 6.9% annualized. US Housing Starts for August are predicted at 1,555K starts, and Building Permits at 1,600K permits...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Cisco Systems is often considered a mature technology stock, and many of its shareholders are looking for stability and earnings rather than growth. In contrast to that trend, the network technology leader's stock price has risen more than 40 percent in the past 12 months and has exceeded both the S&P 500 and the Nasdaq Composite. The stocks of Cisco also remained flat after the company unveiled new purposes for the next four years at Investor Day last Wednesday. Let...
