Catalyst Watch: Retail heavyweights Walmart and Home Depot report, OpenAI vs. Google, and EV tariff drama
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Monday - May 13:
- Notable companies like Petrobras, Tencent Music, and Agilysys are due to report earnings.
- Microsoft-backed OpenAI expected to announce an AI search tool.
- JMP Life Sciences Conference and Needham Technology, Media & Consumer Conference begin.
- RBC Capital Markets Global Healthcare Conference starts.
- Cleveland Federal Reserve Bank President Loretta Mester to participate in a discussion.
Tuesday - May 14:
- Earnings reports from Home Depot, Alibaba, Sony, and others.
- Shareholders vote on merger deals, OPEC releases monthly oil market report.
- Google's I/O Developer Conference takes place.
- Bank of America Transportation, Airlines & Industrials Conference begins.
- MSCI Inc. announces results of the May 2024 Index Review.
Wednesday - May 15:
- Earnings reports from Cisco Systems, Grab, and Monday.com.
- Hedge funds file quarterly reports on holdings.
- BMO Global Farm to Market Conference featuring food-related companies.
- Economic reports on consumer price index and retail sales.
- GoodRx Holdings holds its first Investor Day.
Thursday - May 16:
- Earnings reports from Walmart, Applied Materials, Deere, and others.
- Cummins holds Analyst Day event.
- Federal Reserve speakers scheduled.
- AMC Entertainment hosts listening parties for Billie Eilish's new album.
- Cracker Barrel Old Country Store holds a business update call.
Friday - May 17:
- National Restaurant Association Show begins.
- Go-shop period ends for Prysmian to acquire Encore Wire.
- Attempt for United Launch Alliance Atlas 5 rocket launch.
- Workers at Mercedes-Benz plant in Alabama end voting on joining the United Auto Workers union.
Analyst Views on CBRL
Wall Street analysts forecast CBRL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBRL is 38.17 USD with a low forecast of 24.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
3 Hold
2 Sell
Hold
Current: 36.700
Low
24.00
Averages
38.17
High
50.00
Current: 36.700
Low
24.00
Averages
38.17
High
50.00
About CBRL
Cracker Barrel Old Country Store, Inc. is engaged in the operation and development of the Cracker Barrel Old Country Store concept (Cracker Barrel). It operates approximately 660 company-owned Cracker Barrel Old Country Store locations in 43 states and 68 Maple Street Biscuit Company stores in 10 states. The Company’s format of its stores consists of a trademarked rustic old country-store design offering a full-service restaurant menu that features home-style country food and a wide variety of decorative and functional items such as rocking chairs, holiday and seasonal gifts, toys, apparel, cookware and foods. Its breakfast items include juices, eggs, pancakes, meats, grits, and a variety of biscuit specialties, such as gravy and biscuits and country ham and biscuits. Its Lunch and dinner items include fried and grilled chicken, chicken and dumplings, meatloaf, country fried steak, pork chops, fish, country fried shrimp, steak, vegetable plates, sandwiches and salads.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
