The S&P 500 closed the week with a modest gain, but concerns are emerging about potential pullbacks in certain stocks. The use of the 14-day relative strength index (RSI) as a metric to identify overbought and oversold stocks has highlighted some key players in the market. Despite the overall positive week for the market, there
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Bitcoin, the leading cryptocurrency in the market, has experienced a remarkable price surge in 2023, quadrupling in value since the beginning of the year. This surge resulted in Bitcoin reaching a new all-time high of $73,798 in March. The price increase was primarily driven by the growing demand for U.S. exchange-traded funds, indicating a significant
Over the years, Tom Lee, the head of research and co-founder at Fundstrat, has garnered attention for his accurate and sometimes bold short-term market calls. In the midst of the pandemic and its aftermath, Lee has made predictions that have defied conventional wisdom, such as the S & P 500’s rise of 100 points based
The S&P 500 has been on fire in 2024, reaching new highs and breaking through the 5,500 level. However, as the second half of the year approaches, there are a few names in the index that could be in danger of falling from grace. Despite the overall bullish sentiment in the market, some high-flying stocks
The housing market is currently facing a major challenge, with sales of previously owned homes at a 30-year low. In May, sales remained relatively unchanged, with a decrease of 0.7% from April. This stagnation in sales is concerning, especially considering the high prices and mortgage rates that are deterring potential buyers from entering the market.
As the nation grapples with the aftermath of a contentious election and soaring national debt, the key legislative accomplishments of the Trump administration have come under scrutiny. Lawmakers and lobbyists alike are now reassessing their positions and strategizing on the best way forward. The expiration of provisions in the Tax Cuts and Jobs Act has
The housing market in the United States is experiencing a shift towards more built-for-rent single-family homes, according to the National Association of Home Builders. This change is a response to the housing affordability crisis that has made it increasingly difficult for individuals to afford traditional homeownership. One of the key drivers behind the surge in
As D.A. Davidson initiated coverage of Palo Alto Networks with a buy rating, it is essential to critically evaluate the reasons behind such a recommendation. Analyst Rudy Kessinger named Palo Alto Networks a top idea, emphasizing its three cybersecurity platforms and positioning the stock on the firm’s best picks list. Kessinger’s $380 price target implies
Forever 21, a legacy player in the fast fashion industry, is currently facing a difficult time as its sales decline and competition grows fiercer. The company, with over 380 stores in the U.S., has been reported to ask some landlords for a 50% rent reduction to alleviate its financial burdens. This comes as the retailer
The blockchain technology company, ChainwireW3GG, has recently announced the launch of a groundbreaking private sale of its W3GG tokens, set to commence on July 1, 2024. This private sale presents an exclusive chance for community members to acquire tokens at a remarkable initial price of $0.05 each. The sale is meticulously designed to be inclusive,