Source: PaxForex Premium Analytics Portal, Fundamental Insight Elon Musk, CEO of Tesla, has challenged everyone and everything since he took over the management of the electric car company in 2008. Now, after stunning everyone again with the third-quarter profit report, should one buy Tesla shares? It was the fifth consecutive quarter of profitability for Tesla. The company reported adjusted earnings of 76 cents per share as revenue skyrocketed 39 percent to $8.77 billion, higher than Wall Street estimates. As usual, sales of emission...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Spanish Markit Manufacturing PMI for October is predicted at 51.0. Forex traders can compare this to the Spanish Markit Manufacturing PMI for September, reported at 50.8. The Italian Markit/ADACI Manufacturing PMI for October is predicted at 53.5. Forex traders can compare this to the Italian Markit/ADACI Manufacturing PMI for September, reported at 53.2. The Final French Markit Manufacturing PMI for October is predicted at 51.0. Forex traders can compare this to the...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Over the past five years, Microsoft shares have grown by almost 300 percent as the technology giant has expanded its cloud business, transformed Windows and Office into services, released new Xbox and Surface devices, and expanded its mobile ecosystem with iOS and Android apps. Satya Nadella, the CEO, took over the company in 2014, and a few years later moved the company's focus to artificial intelligence (AI). As a result, mature technology shares have again turned into an...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Private Sector Credit for September increased by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to Australian Private Sector Credit for August, which was reported flat at 0.0% monthly, and which increased by 2.2% annualized. Australian housing credit for September increased by 0.4% monthly. Forex traders can compare this to Australian housing credit for August, which increased by 0.2% monthly. The Australian PPI for the third quarter increased...
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, the housing improvement giant, demonstrated resilience during the pandemic, when sales grew by more than 23% in the quarter that ended August 2. The industry as a whole benefited from people staying at home and using their stimulus checks for housing improvements,...
