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Bear Of The Day: Cracker Barrel Old Country Store

Bear Of The Day: Cracker Barrel Old Country Store

Cracker Barrel Old Country Store (CBRL) owns and operates full-service dining locations with a restaurant and a retail store in the same unit. Analysts have taken a bearish stance on the company’s outlook, pushing it down into an unfavorable Zacks Rank #5 (Strong Sell).Image Source: Zacks Investment ResearchIn addition, the company is in the Zacks […]
Blocksquare hits $100M tokenized RWA, announces DeFi launchpad

Blocksquare hits $100M tokenized RWA, announces DeFi launchpad

Blocksquare, a real estate asset tokenization protocol, has reached a major milestone. The firm successfully tokenized a diverse portfolio of real estate assets exceeding $100 million. This includes 118 properties across more than 21 countries, including hotels, restaurants, and healthcare facilities.In addition, Blocksquare announced the launch of its DeFi launchpad, Oceanpoint v0.5. According to the […]
NextEra Energy Inc.(NEE) Stocks Elliott Wave Technical Analysis

NextEra Energy Inc.(NEE) Stocks Elliott Wave Technical Analysis

NEE Elliott Wave Analysis Trading Lounge Daily Chart,NextEra Energy Inc., (NEE) Daily ChartNEE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3.  DIRECTION: Top in 3.  DETAILS: Looking for a three wave move in wave 2 to be soon completed, to then continue higher.  Looking for Minor wave 3 to keep unfolding into a clear five wave move, the […]
Aussie Market Commentary – Wednesday, May 29

Aussie Market Commentary – Wednesday, May 29

Aussie CPI Jumps AgainRBA easing expectations have been thrown into disarray today on the back of stronger-than-forecast Aussie CPI overnight. Annualised CPI for April came in at 3.6%, up from 3.5% prior and above the 3.4% the market was looking for. The data begs serious questions over the prospect of RBA easing this year and […]
Oil Rises Amid Increasing Geopolitical Tensions In The Middle East. Inflation Is Rising In Australia

Oil Rises Amid Increasing Geopolitical Tensions In The Middle East. Inflation Is Rising In Australia

The Dow Jones Index (US30) fell by 0.55% to a two-week low on Tuesday, while the S&P 500 Index (US500) gained 0.03%. The NASDAQ Technology Index (US100) closed positive 0.59%. Minneapolis Fed President Kashkari’s comments were somewhat hawkish for Fed policy and negative for stocks when he said the US economy remains “remarkably resilient” and the Fed should monitor whether inflation is […]
PwC To Roll Out ChatGPT For 100,000 Workers In Major AI Partnership

PwC To Roll Out ChatGPT For 100,000 Workers In Major AI Partnership

PwC, the management consulting giant, is set to become OpenAI’s largest customer with a deal to integrate ChatGPT’s enterprise tier for 100,000 of its employees. depositphotosThis major move underscores PwC’s commitment to leveraging artificial intelligence for enhancing business processes and providing innovative solutions. Will AI-acceptance to grow further now?The collaboration with OpenAI not only sees PwC adopting ChatGPT but […]
Africa Stocks Take Lead For Global Equities Market In 2024

Africa Stocks Take Lead For Global Equities Market In 2024

After a punishing start to the year, shares in Africa have rebounded and are now the leading performer for the global stock market in 2024, based on a set of ETFs tracking the world’s main regions through yesterday’s close (May 28). depositphotos VanEck Africa ETF (AFK) is up 16.6% year to date. That’s a healthy premium over […]
Eurozone Bank Lending Muddles Through Ahead Of First Rate Cut

Eurozone Bank Lending Muddles Through Ahead Of First Rate Cut

A slight tick down in corporate borrowing, along with household borrowing continuing to show sluggish growth in April, all shows that the monetary environment in the eurozone continues to be restrictive. depositphotos Bank lending to non-financial corporates dropped in April compared to March, which was the first decline since January. Overall, corporate borrowing remains on a roughly […]
S&P 500 Forecast: Continues To Look Bullish

S&P 500 Forecast: Continues To Look Bullish

The S&P 500 (SPX) did very little in the early hours on Tuesday, but quite frankly we are just in the midst of consolidation after a huge move higher.  depositphotos Keep in mind that the 5300 level is the middle of the market right now, and of course as it is a large, round, psychologically […]
Oil Posts Fresh Monthly High, Extending Gains For Fourth Consecutive Day

Oil Posts Fresh Monthly High, Extending Gains For Fourth Consecutive Day

Oil prices extend their rally for a fourth consecutive day on Wednesday with tensions building up towards the OPEC+ meeting at the beginning of June. depositphotos Recent reports from Bloomberg Intelligence are pointing to an Oil deficit for the second half of 2024 in case OPEC+ maintains the current production cuts in place. Meanwhile, OPEC+ itself is […]