Boston Beer (SAM) has been experiencing a bearish downtrend since missing earnings estimates back in February 2024. The stock recently hit a fresh 52-week low, signaling further potential downside. In order to capitalize on this breakdown, it is essential to analyze key technical indicators that confirm the bearish bias. To confirm the bearish momentum in
Selling
In recent news, Multipool, a key player in the blockchain and cryptocurrency industry, has successfully concluded its Fjord Foundry LBP by selling out all 5 million tokens. This accomplishment has paved the way for the launch of Multipool’s native token, $MUL, on Uniswap V3 with an impressive market cap of $13M. Steven Murray, a Core
The recent surge in Bitcoin’s price to around $69,000 has raised questions about the future of digital gold. However, looking at the Bitcoin liquidation heat map reveals critical levels at $68,300 and $69,800. These levels signify areas where strong buying and selling pressure converge, making them crucial for short-term price movements. Analyzing the current market
Investors are facing a challenging market environment marked by concerns over inflation and Federal Reserve rate cuts. However, despite the near-term uncertainties, long-term investors can take advantage of expert stock research to make informed investment decisions that can enhance their portfolio returns. One such stock that has garnered favor among the Street’s top analysts is
Andrew Howard, CBO at Jan3 company, recently criticized Ethereum founder Vitalik Buterin for selling almost $100 million worth of ETH on the market six years ago when the price reached an all-time high. Howard pointed out that Buterin’s actions of selling 70,000 ETH back in 2018 were detrimental to ETH holders, comparing him to Satoshi
In early European trade, the U.S. dollar experienced a slight dip, although it was still set to record its biggest weekly increase in over a month. This rise was attributed to diminishing hopes of a prompt Federal Reserve rate cut. The Dollar Index, which monitors the dollar against a basket of other currencies, saw a
The sales of newly built homes in April saw a significant drop of 4.7% compared to March and a larger decrease of 7.7% from the prior year, according to the U.S. Census. This decline has been attributed to higher mortgage rates, which have been hindering potential buyers from entering the market. In March, the average
The housing market has seen its fair share of ups and downs, with April presenting its own set of challenges. According to the National Association of Realtors, sales of previously owned homes fell by 1.9% in April, coming in at 4.14 million units on a seasonally adjusted annualized basis. This decline was unexpected, as the
Nvidia, the $2.3 trillion chipmaker, has been a key player in driving the performance of U.S. equities, particularly in the semiconductor sector. With a significant weighting in the popular VanEck Semiconductor ETF (SMH), Nvidia’s performance has a direct impact on the overall market trends. The company’s focus on artificial intelligence has propelled its stock by
Home renovation activity has slowed down compared to the hectic pace during the pandemic, but homeowners are still focusing on investing in their homes, especially as the spring housing market begins to heat up. According to the 2024 Cost vs. Value report from Zonda Media, certain home improvement projects are now offering historically high returns