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Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Shake Shack, G-III Apparel, Sea and Textron; downgrade for Old Dominion.

Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

Indian stock market: The Nifty stayed below the psychological 22,500 mark, with call writers at the 22,500 strikes significantly increasing their positions. On the downside, support is expected to hold at 22,400. The buy-on-dips strategy is likely to persist as long as it remains above 22,400.

European Central Bank left interest rates unchanged for a fourth meeting as a softer outlook for inflation and economic growth bolstered expectations for cuts starting in June. Separate data showed the euro-area economy stagnated at the end of last year, underscoring the central bank’s forecast for slower growth in 2024 than previously estimated. In the US, the unemployment rate climbed to a two-year high in February even as hiring remained healthy, pointing to a cooler yet resilient labour market. In Japan, inflation in Tokyo last month surged back above the central bank’s target, bolstering the case to raise interest rates.

candlestick patterns that every trader should know about. Candlestick patterns play a key role in identifying reversals in the markets and traders who know how to use them correctly have an ultimate edge in trading. However, a lot has already been written and a plethora of material is readily available out there on using these patterns. So, how will this article be different? You might ask.

India's retail inflation is expected to come in at 5.08% in February, broadly unchanged from 5.10% recorded in the previous month, a median estimate of 20 economists polled by Mint showed. While prices of food items saw an uptick on a sequential basis, a favourable base effect is seen as offsetting the impact.

class sizes across Canada, a new study is suggesting “smaller class sizes” may not give students a boost after all.The study found minimizing the number of students in classrooms did not lead to better grades, and suggests it may even decrease their odds at achieving the best results. The study looked at data from Macau, China and Japan, of 2,700 “disadvantaged” secondary school students with class sizes of 15 or fewer pupils to more than 50.It notes the quantity of teachers didn’t increase the odds for students from what they deemed the poorest backgrounds.

Kazakhstan with its hackers penetrating the telecom sector of the region’s biggest country. Kazakhstan’s National Computer Emergency Response Team (Cert.kz), has recently alleged that a group of Chinese hackers had access to the infrastructure of Kazakhstani telecommunication operators for two years, according to persons familiar with the development. Kazakhstan’s Ministry of Defence and the country’s national airline may have been one of the targets. At least one Chinese hacker group had full access to the critical infrastructure of Kazakhstani telecommunication operators in the past two years. The Kazakh Digital Development, Innovation and Aerospace Industry Ministry said in a statement on 20 February 2024 that it has, together with the National Security Committee, (KNB), begun analyzing the leaked information to learn more.

Narcotics Control Bureau (NCB) arrested former DMK functionary Jaffer Sadiq in Delhi on Saturday, in connection with a ₹2,000 crore international drugs trafficking case. The central agency has termed Sadiq the «mastermind and kingpin» of the illicit network spread across India, Australia and New Zealand. Sadiq, a producer of Tamil films, was recently expelled by the DMK from the party after the NCB stated that he was linked to the drugs network. He was the Chennai West deputy organiser of the DMK's NRI wing. The opposition BJP and AIADMK in the state have been targeting the DMK over the matter. Last month, the NCB said it had arrested three people, all hailing from Tamil Nadu, and seized 50 kg of narcotics-making chemical pseudoephedrine during a raid at a godown in Delhi. The searches by the NCB, along with the special cell of the Delhi Police, came about following a tip-off received towards the end of 2023 from the Australian and New Zealand authorities about «large quantities» of pseudoephedrine concealed in desiccated coconut powder and mix food powder being smuggled into their countries from India.

climate change poses serious health risks to pregnant women, including preterm delivery, gestational hypertension, and pre-eclampsia, according to a new government-backed study. Women and Child Development Minister Smriti Irani, speaking at the launch of the report that was sponsored by her department, said climate change and its impact are not a standalone crisis. «This is the first Indian study from the perspective of agroecological zones in India; this has never been done in India before and that is why it is significant,» she said. «There has to be a narrative around the agroecological zones in the country… India has to come up with legacy climate solutions that India has to offer and also study what the global north is facing in terms of climate change and how we can provide solutions,» Irani said.

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Iran-backed Yemeni rebels into the Red Sea and Gulf of Aden on Saturday, the US military said. Shortly afterwards, the rebels claimed the attack, saying they had fired missiles at an «American» commercial ship and launched drones at US warships in «the Red Sea and Gulf of Aden». It was one of the Huthis' largest attacks since they began in November a campaign of drone and missile strikes against vessels in the Red Sea area, vital for world trade, in professed solidarity with Palestinians during Israel's war against Iran-backed Hamas militants in the Gaza Strip.

₹6,462 per bbl, having swung between ₹6,427 and ₹6,525 per bbl during the session, against a previous close of ₹6,459 per barrel. Also Read: Explained | Why did OPEC+ members extend oil output cuts to mid-2024 -China's imports of crude oil rose in the first two months of the year compared with the same period in 2023, but they were also weaker than the preceding months, data showed on Thursday, continuing a trend of softening purchases by the world's biggest buyer. -On the supply side, OPEC members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output levels.

In 2019, the Fed cut interest rates and restarted QE despite a healthy economy. Today, inflation is higher than the Fed’s target, economic growth is above historical trends, and financial markets display complacency and exuberance.

Navam Capital has announced the first close of Navam Venture Fund I with commitments totalling Rs 50 crore from family offices, corporates and ultra-high net worth individuals. “With a target fund size of Rs 250 crore, the fund aims to invest in intellectual property-rich ventures translating science and engineering breakthroughs into differentiated products and services,” Navam Capital said.

Communist Party of India (CPI) general secretary D Raja on Saturday said a leader of Rahul Gandhi's stature should contest the upcoming Lok Sabha polls from a seat where he can directly challenge the ruling BJP, even as he said it is a political party's prerogative to decide who would it field from a seat. The remarks came a day after the Congress announced that Gandhi will contest the parliamentary polls, likely to be held in April-May, from Wayanad in Kerala, the seat he currently represents in the Lok Sabha. CPI's Annie Raja, wife of D Raja, has been fielded as the Left Democratic Front (LDF) candidate from Wayanad. Asked about the Congress's decision to field Gandhi from Wayanad, Raja said, «Within the LDF, the CPI has got four seats to contest and Wayanad is one of those, so we have announced our candidate. Secondly, it is the prerogative of any political party to choose its candidate from a constituency. In this case, it is the prerogative of the Congress.»

Samajwadi Party chief Akhilesh Yadav on Saturday termed the upcoming Lok Sabha elections as the one meant to save the Constitution and the democracy. «This is the election to save the Constitution and the democracy. This is the election to save reservation and save one's own honour. At one point of time, 'Samudra Manthan' (churning of the sea) had taken place. This is the time for 'Samvidhaan Manthan',» Yadav told reporters at his party office here. «On one hand, there are people who want to defend the Constitution, and on the other hand, there are people who want to end the Constitution,» he added. The Samajwadi Party (SP) chief said the people of Uttar Pradesh give a grand welcome and also bid a great farewell.

Rajnath Singh on Saturday said the country's growth cannot be imagined without the development of farmers and villages, and asserted that the Modi government was standing shoulder to shoulder with the cultivators. Addressing a mega farmers' rally at Government Science College ground in Chhattisgarh's capital Raipur, he also targeted the previous Congress dispensation in the state, accusing it of indulging in corruption and derailing its development. "...I am the son of a farmer and hail from a village. Farmers can yield gold from the soil with their efforts and hard work. My government is standing shoulder to shoulder with farmers. Prime Minister Narendra Modi-led Centre has been taking several steps for the welfare of farmers," the minister said.

BJP target for ensuing general elections and abrogation of Article 370 in Jammu and Kashmir, Union Minister Piyush Goyal said his party winning 370 seats will be a fitting tribute to the historic decision of the Modi government that has helped integrate J&K with the rest of the country. In an interview with PTI, Commerce Minister Goyal asserted that the target of 370 seats for the BJP and 400 seats for the NDA comes from the conviction of good governance in the last 10 years by the Modi government and not over-confidence and arrogance. He said the general election might throw a surprise and the final tally of BJP and NDA might be higher. Goyal did not comment on whether BJD will be part of the NDA, but welcomed all well-meaning good parties to be part of the journey to make India a developed nation by 2047.

We recommend long-term investors to accumulate gold in a staggered manner rather than investing in one shot, Anuj Gupta, Head Commodity & Currency, HDFC Securities says. At the current level, the risk-reward is not favourable and a 3% to 5% correction in gold prices is a good opportunity for entering long, he recommends.

Arvind Kejriwal on Saturday said the AAP government in Delhi was pursuing a model of 'vikas' or development while the BJP was following a model of 'vinash' or destruction with its stamping out of opposition parties and toppling of governments. Speaking in the Delhi Assembly over the 2024-25 budget of the AAP government tabled in the House recently, Kejriwal said it was such a good budget that people are now saying that the AAP-Congress combine will win all seven Lok Sabha seats in Delhi. The chief minister said every woman in a family will receive Rs 1,000 each under the Mukhya Mantri Mahila Samman Yojna announced in the budget. Kejriwal also remembered former deputy chief minister Manish Sisodia, presently in jail in an excise policy-related case.