Source: PaxForex Premium Analytics Portal, Fundamental Insight The Federal Reserve’s rate-cutting cycle is shifting investor sentiment significantly. With fixed-income yields declining, institutional investors are pivoting to dividend-paying stocks, particularly those that offer strong valuations and above-average yields. High-yield dividend stocks have even outpaced the S&P 500 in 2024, highlighting an environment where Pfizer’s 5.9% dividend yield and low valuation become especially appealing. Despite Pfizer’s...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The Australian Melbourne Institute Inflation Index for October increased 0.3% monthly. Forex traders can compare this to the Australian Melbourne Institute Inflation Index for September, which rose 0.1% monthly. Australian ANZ Job Advertisements for October rose 0.3% monthly. Forex traders can compare this to Australian ANZ Job Advertisements for September, which increased 2.3% monthly. The Spanish HCOB Manufacturing PMI for October is predicted at 53.1. Forex traders can...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Meta Platforms shares slipped after the release of its third-quarter results, even though the company reported record-breaking revenue that outpaced expectations. The earnings report shifted investor focus to Meta’s spending plans, as the company announced intentions to boost capital expenditures (capex) to seize artificial intelligence (AI) opportunities. In Q3, Meta achieved record performance with a 19% year-over-year revenue rise, reaching $40.6 billion. Advertising...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Caterpillar, the global leader in construction and mining machinery, released its third-quarter earnings report for 2024 on October 30, revealing a challenging period as both sales and profits declined year-over-year, missing market forecasts. The company posted adjusted earnings per share (EPS) of $5.17, short of the anticipated $5.35 and down from $5.52 the previous year. Quarterly sales and revenue dropped by 4% to $16.1 billion from $16.8 billion in Q3 2023. Amid this...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Swiss retail sales for September are predicted to increase by 2.5% annualized. Forex traders can compare this to Swiss retail sales for August, which accelerated by 3.2% annualized. US Initial Jobless Claims for the week of October 21st are predicted at 229K, and US Continuing Claims for the week of October 14th at 1,890K. Forex traders can compare this to US Initial Jobless Claims for the week of October 14th, reported at 227K, and US Continuing Claims for the week of...
