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SAM

Boston Beer Reportedly in Sale Talks to SuntoryAccording to Wall Street, which cited anonymous sources, Boston Beer saw a spike in value on Friday, as the American brewer is in discussions to sell the business to the international spirits major Suntory. On the announcement, Boston Beer Company Inc. (NYSE:SAM) had a gain of almost 30%. The sources told WSJ that although negotiations are still in their early stages, there is no guarantee that a deal would be reached and that a rival bidder may emerge. Though demand has been hurt by shifting customer preferences, Boston Beer has had a difficult year thus far. This has given rise to rumors of a sale. After collaborating with Boston Beer to create new spirits and ready-to-drink drinks in 2021, Suntory is well-acquainted with the latter. Technical Outlook Boston Beer stock ( NYSE:SAM ) closed Fridays trading session up 22.33% with a Relative Strength Index (RSI) of 68.64 which is slightly overbought. The daily price chart pattern showed a "Bullish Harami" pattern which is a strong bullish reversal pattern.
NYSE:SAMLong
by DEXWireNews
TAP ( Coors Molson Miller ) Ready for Bullish Continuation?On the daily chart, TAP was on a good trend up heading into earnings which were favorable. It is consolidated since just after earnings in a " high tight bull flag pattern" Volume has been healthy with many buyers and seller trading shares in a tight range channel. The stochastic RSI is now at about 20% indicating TAP is in the oversold / undervalued area. The optimized artificial intelligence moving average indicator shows parallel rises in both the short and long MAs ( neither divergence nor convergence just consistent ). This is a minor healthy pullback and a good entry point. Fundamentally, the summer beer- drinking season will soon arrive. TAP may be benefitting from the BUD backlash over the Bud Lite endorsement controversy. My call options have been appreciated 50% in the past 2 1/2 weeks ( 4% per trading day ). I will roll them into the call options expiring 9/15/23. I consider TAP to be a steady consistent gainer and likely more or less recession-proof.
NYSE:TAPLong
by AwesomeAvani
Craft Beer Seltzer Alcohol Barometer: Sam Adam's Boston Beer Co.Alcohol consumption When averaged over two years, 2021-2022, 63% of U.S. adults aged 18 and older consumed alcohol. Gallup, Inc. indicates that "the drinking rate ticks up to 65% when narrowed to adults of legal drinking age" of 21. When segmented based on demographic characteristics: Eighty percent of adults, 18 and older, living in households with annual incomes of $100,000 or more consumed alcohol in 2021/2022. Only 49% of those living in a household with an annual income of less than $40,000 consumed the beverages. Likewise, the higher the level of education, the greater the percentage of adults in the cohort who had consumed an alcoholic beverage, while the incidence of consumption decreased as age increased. A nearly equal percentage of men and women consumed alcohol, 66 and 61%, respectively, when averaged over the two years. Pertaining to race and ethnicity, 68% of non-Hispanic white adults, 59% of Hispanic adults, and 50% of non-Hispanic black adults consumed alcohol. Another source, The 2023 Silicon Valley Bank Wine Report, states data from the Wine Market Council: 28% of consumers were "abstainer ," which "has increased 4 percentage points since the 2017 survey." 18% were "core wine drinker " who "drink wine at least once a week," which decreased from 21% in 2017. 15% were "marginal" who "prefer wine…and consume wine at least every two to three months… wine consumers who drink wine one to three times a month," which decreased from 19% in 2017. The remaining consume "alcohol, not wine" (29%) or are "infrequent alcohol" consumers (10%). Alcoholic beverage preferences and purchases When asked to indicate their beverage category of choice, 30% of consumers preferred liquor, 31% wine, and 35% beer. Another source, IRI, reports that 16% of alcoholic beverage consumers drink beer exclusively, 13% drink only wine, and 11% only spirits. Consumption of more than one category is as follows: Beer and wine, 13%, Beer and spirits, 12%, Wine and spirits, 9%, and All three types, 27%. When segmented based on consumption frequency, for consumers between ages 21 and 39 years, Wine Opinions found the following: Half (51%) of those who drank beer consumed the beverage "weekly or more often," 24% consumed the beverage 2-3 times a month," 8% "about once a month," and the remaining 17% consumed beer "less often or never." For wine and spirits, the percentage of consumers who drank the beverages at each reported frequency was similar: 30% of those who drank the beverages consumed them "weekly or more often," a third consumed the beverages "2-3 times a month," 16% "about once a month," and 21% of wine drinkers and 20% of those who drank spirits consumed them "less often or never." Those who consumed beer on a weekly, or more frequent, basis were more likely to be males, weekly wine consumers were more likely to be female, and "consumption of spirits is even by gender."
NYSE:SAMLong
by noam_chom
Can BUD recover? LONGBUD trended down in the social media fiasco until June 1st and then reversed. Based on long term VWAP lines ( mean and standard deviations) anchored to April 1st on the one hour chart, BUD is crossing over VWAP lines from below and is now approaching the mean VWAP at 59.25. It could make a bullish move and cross the mean VWAP or it could bounce down if short sellers dominate buyers and longs closing their positions. The dual time frame RSI shows both low time frame and high time frame strength over 50. The three in one indicator shows money flow and momentum to also be bullish. My call options expiring 12/15/23 striking $55 are up 23% since July 1st. This is reasonable unrealized profit for the risk taken. I see BUD with more upside potential than downside risk. I will take more call option contracts for $65.00 at a premium of $195.00. they have appreciated 15% in the past 24 hours. This is a conservative low beta low risk options trade. Buy low, sell high !
NYSE:BUD
by AwesomeAvani
FTT - FUD ON THE ABYSSThe "FTT token" is the native cryptocurrency token of the trading platform FTX. > Sam Bankman-Fried is one of the founders of the platform and is considered the "young Elon Musk" in community circles. > For some time, "rumors / speculations" started that the separate company behind FTX = ALAMEDA (investment fund) might be insolvent. (both companies are owned by Sam Bankman-Fried). > The reason is lack of liquidity of ALAMEDA balance sheet, which consists of Illiquid crypto collateral, + lack of cash reserves. > After asking for evidence, the answer was indirectly dodged. Yesterday, the founder of BINANCE had announced on Twitter that he will liquidate his existing FTT tokens. As a reason for his decision, he cited a lack of trust and looking back at the last "disasters" with "Celsius", "LUNA" + "3Arrow", he does not want to expose himself to any additional risk. It should be noted that the announcement of the Binance founder from the timing, a supposed death blow - Spartan scale resembles. > With this he poured oil on the existing fire and the situation could escalate at any time. > Should there be a "bank run" on the company + the token here if necessary, you can in the following analysis, get a picture of the possible crash. The probability that this problem will be solved is of course in the room, a possible "loss of face" Sam / FTX / ALAMEDA - can no longer afford. > Result = wait and see and rather stay out of trading - that will end in liquidation, both directions. . We are, with the course, at several last SUPPORT levels. > Should these be significantly broken, it will be a fast descent! > If the rumors are true, this will additionally mean another sell-off for the crypto markets. RELEVANT LEVEL - 22.00 USD - 20.00 USD - 19.82 USD (SIGNIFICANT BREAK = crash) WEEKLY VIEW 3 DAY VIEW DAY VIEW > Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
FTX:FTTUSD
by ZielIstDieAutarkie
BUD - Hail the King of BeerHere on a daily chart, I have plotted the ratio of the dynamic share price of BUD compared with TAP. The thesis is that TAP ( Coors / Molson) may have had a share price rise while BUD dropped its own as a reaction to its adverse ad campaign which resulted in a social media disaster. BUD is global with only 25% of its market in North America while TAP is more like North America predominantly. The ad campaign and social media backlash is only North America over time is impact will be nil. The thesis is that BUD will recover and that astute contrarian investors and traders can profit from the dynamic which in the greater and longer picture has been a dip for BUD representing a buying opportunity. As can be seen on the chart, the DUD/TAP ratio is at the bottom and outside of the boundary of the lower Bollinger Bands and now reentering the bands. The ratio is also in the demand/support zone where it was last October. The action of the ratio was a double top "M" pattern which has now played out . Finally, the AI predictive algo of Luxalgo predicts a ratio rise between now and the end of the month as the ratio heads to the midline of the Bollinger Bands. Overall, the analysis is that either BUD will rise or TAP will drop or some combination. Overall, I conclude that BUD could easily rise from this dip over the next ten calendar days. I will take a position in call options with 30- 45 DTE.
NYSE:BUDLong
by AwesomeAvani
1
BUD Uptrending despite the Bud Lite controversyBUD is a staple stock catering to beerdrinkers both in North America and Europe. The controversy about a spokesperson for an ad campaign for Bud Lite has heightened awareness. Bud Lite is only one product of the parent company. Fundamentals arise, BUD is uptrending since Friday the 13th with hull moving averages converged. In confirmation, the RSI bottomed at 25% and is now rising while the volume indicator shows increased volume as compared with that of March. Overall, I see BUD as a good investment in a recessionary environment because if anything history shows alcohol consumption increases in a recession. If production costs can be contained despite inflation and demand goes higher so will those earnings and the market cap
NYSE:BUDLong
by AwesomeAvani
15
DXY to 88 ushers in the next Crypto bull runDXY has been experiencing a downtrend since October 2022. Usually, crypto is negative correlated to DXY. A bull run should have been initiated in November 2022 but the FTX Ponzi collapse artificially brought crypto down. Sam Banksman Fried aggravated the crypto dump by shorting first USTD and then ETH with customer deposits in order to salvage his Ponzi. Sam claimed that the remaining customers deposit that were not fraudulently transferred to Alameda and lost, were stolen by hackers after he declared bankruptcy. All these events have been verified by blockchain activity to whish the authorities in the USA are turning a blind eye. Currently, Sam is out of jail on 250 million dollar bond. It is a mystery how Sam came up with the 250 million dollars when he claimed in an interview that he had only 100,000 dollars left to his name post the bankruptcy. Sam now lives at his mother’s home in California with police protection. Sam faces 150 years in jail but Sam's next court appearance will be at the end in October 2023 and apparently the case will drag to 150 years as well. FTX manipulation of the market is clearly seen as the decorrelation of crypto from DXY in November 2022. In November, crypto should have started its bull run as I described in one of my ideas below. Since January 2023, Crypto has recovered from the FTX manipulation and is following the intended route that was lost in November 2022. For the last week the crypto bull run has paused because DXY bounced of support. However, there are many Alts that have done spectacularly in that last week. DXY has formed a rising wedge on the lower time frames, and this is likely to break down back to support. On the higher time frames DXY has formed a head and shoulders pattern, that if it is to breakdown will send DXY to 88. 88 is the measured move of the Head and Shoulders. If DXY falls to 88 it means that the crypto market will experience a decent bull run. In case of a breakdown of the head and shoulders, DX will most likely follow the fractal of its 2002 to 2004 dump. I have included the hypothesis that DXY bounces of the heads and shoulders support. In this case it will form a descending channel since DXY will remain bearish due various factors that I will explain later. This idea estimates in all cases a peak for the crypto market around April 2024 which bodes well with the crypto lengthening cycles theory.
TVC:DXYShort
by nagihatoum
12
DOGE, Something Happened in DogetownDoge broke out from the descending widening wedge which started with the peak on November 1st. This is an odd behavior considering the catastrophe that befell crypto. But maybe there is speculation that Elon will buy FTX pennies on the dollar, renaming it Dogetown, saving crypto and FTX at the same time and pumping Doge. The first target is 0.119, this is the measured move of the descending widening wedge. RSI is on the rise and seems to be following an ascending trendline. The orange path is from an experimental AI that I designed. I don't know how reliable it is, I drew the path based on its recommendation for back testing. There is of course the bearish scenario, where everybody lose trust in the exchanges and cold storage their coins and nobody is left to buy. In this case 2 cents inside the descending widening wedge is a viable target. 2 cents is the target of my idea below from one year ago. Don't think Elon will allow it.
Long
by nagihatoum
The Boston Beer Company (NYSE: $SAM) Looking Very Tempting 🍺The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names. The company markets and sells its products to a network of approximately 400 wholesalers in the United States, as well as international wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other retail outlets. It also sells in products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.
NYSE:SAMLong
by RedHotStocks
2
Post 10/22 Q3 FY21' Earnings Analysis$AXP, $SAM, $HCA, $RF, $HON, $SLB All major averages finished last week in the green to post a third straight week of gains - Dow closing at an ATH - Big name earnings reports continue to drive markets $AXP - American Express - reported Q3 FY21' earnings of $2.27/share - beat estimates by 27.5%, bottom line increased 74.6% YoY - driven by growing revenues & strong segmental performances - partly offset by increasing costs $SAM - Boston Beer - reported Q3 FY21' earnings of $2.97/share - missing estimates of $4.04 per share - compares to earnings of $6.10 per share a year ago - this quarterly report represents an earnings surprise of (26.49%) A quarter ago, it was expected that this brewer would post earnings of $7 per share when it actually produced earnings of $4.72 - delivering a surprise of (32.57%) - over the last four quarters the company has beat EPS estimates just once $HCA - HCA Healthcare - reported Q3 FY21' earnings of $4.57/share - beat estimates of $4.10/share - compares to earnings of $1.92 per share a year ago - this quarterly report represents earnings surprise of 11.46% $RF - Regions Financial - reported Q3 FY21' earnings of $0.66/share - beat estimates of $0.53/share - the bottom line compares favorably with the prior-year quarter’s $0.49 - results were driven by a strong capital position, & a rise in deposit balances provided some respite - benefit from credit losses was a tailwind - lower revenues & rising expenses were major drags $HON - Honeywell International - earnings were $2.02/share - beat estimates of $2.01/share - bottom line soared 29.5% YoY - revenues were $8,473 million - missing the consensus estimate of $8,708M - top line increased 9% YoYr on a reported basis - rise was driven by strength in warehouse & workflow solutions, productivity solutions & services, & gas analysis businesses along with strong demand for building products as well as process solutions services and thermal solutions - also supported by a recovery in commercial aftermarket demand & solid growth in business & general aviation original equipment demand $SLB - Schlumberger - announced Q3 FY21' earnings of $0.36/share - in line with estimates - bottom line increased significantly from the year-ago quarter’s profit of $0.16 - total revenues of $5,847M - missed estimates of $5,940M but improved 11% from the year-ago quarter’s $5,258M - earnings were aided by a surge in stimulation activity in Argentina, stronger North American rig activity along with ramped up drilling operations at offshore & onshore international resources - this was offset by lower contributions related to Digital & Integration from Europe/Africa
SP:SPX
by jnallain1
SAM ready to start movingNot a financial advisor. SAM has been beaten down badly, and currently has a legal battle about its previous earnings. SAM is looking to recovery here and move bullish. I want to see this break above $580 and come back and test support. Should be looking to get over $700 in the near term. SAM is a beer giant, there is no doubt in my mind that they stay at these levels long. This is a $1000 stock mid to long term. There is a gap at the 900 level, that will eventually get filled. Technicals are all drastically cooled off, this will see a good run to come. Green line is my expiration date for my options I purchased here. Chime in with any questions or concerns.
NYSE:SAMLong
by StofAxeCapital
1
SAM Got in a bar fight...Not Financial advise. Still high risk here. SAM has a lawsuit underway here, people have up till Nov 15th to file their personal claims. I'm playing calls here. SAM adams is not a bad company, they saw rapid growth in share price last year. Needed a major cool down. Momentum is still negative but looks like a train coming full force. MACD soon to cross, Weekly showing signs of reversal. True Strength Index appears to line up with November for a pop. Very high risk here but I'm willing to tac on that risk. The reward seems to be worth while, even being super early here. There is a gap on the daily that should look to get filled. 740 - 904. Thats what I'm eyeing up. Seems to be a rather appealing upside here.
NYSE:SAM
by StofAxeCapital
SAM killed the keg & is tapping a new one.Not a financial advisor. SAM Boston beer had been absolutely slaughtered by share holders. looks like we have found a bottom here on the weekly. Looking for this to close as an inverted Hammer on this current weekly candle then confirm uptrend next week. Potentially a very great entry for those willing. Weekly RSI is completely shot here. Stoch is rounding out at the bottom which should soon curl upward. Momentum still aiming downward. SAM will recover, more people were drinking at home last year due to the pandemic. Beverage industry has a shortage of products due to things flying off the shelves plus potential labor shortage. Once people get back to freely going out in public and enjoying bars again we will see spikes in bev sales. I'm bullish on beer. Still a risk here (Monthly Chart) but overall this appears to be the bottom.
NYSE:SAMLong
by StofAxeCapital
4