SPY,NVDA,AMZN,AAPL & the Daily Market Check

Market Indices

S&P 500

  • Closing Price: 5,267.84
  • Daily Change: -39.17 (-0.74%) 1

Dow Jones

  • Closing Price: 39,065.26
  • Daily Change: -605.78 (-1.53%) 1

NASDAQ

  • Closing Price: 16,736.03
  • Daily Change: -65.51 (-0.39%) 1

FTSE 100

  • Closing Price: 8,310.43
  • Daily Change: -29.77 (-0.36%) 1

Nikkei 225

  • Closing Price: 38,646.11
  • Daily Change: -457.11 (-1.17%) 1

DAX

  • Closing Price: 18,608.45
  • Daily Change: -78.18 (-0.42%) 2

Major Market Movers

Top Gainers

  1. Binah Capital Group Inc (BCG): +78.01%
  2. Bowhead Specialty Holdings Inc (BOW): +40.00%
  3. BeyondSpring Inc (BYSI): +25.18% 3

Top Losers

  1. Solowin Holdings Ordinary Share (SWIN): -84.28%
  2. MGO Global Inc (MGOL): -37.84%
  3. Jaguar Health Inc (JAGX): -33.25% 2

Focus Stock: Apple Inc (AAPL)

  • Sector: Electronic Technology
  • Current Price: $186.88
  • P/E Ratio: 29.06x
  • EPS: $1.53
  • Revenue: $90.75B (Q2 2024)
  • Net Income: $23.64B (Q2 2024)
  • 52-week Range: $164.07 - $199.62
  • Market Cap: $2.87T
  • Dividend Yield: 0.55% 3

Earnings Reports Highlights

  • Nvidia (NVDA) beat expectations with EPS of $6.12 and revenue of $26B in Q1. Announced 10-for-1 stock split and 150% dividend increase.
  • Toll Brothers (TOL) surpassed estimates with Q2 EPS of $4.55 and revenue of $2.65B. Raised full-year forecast.
  • Target (TGT) slightly missed expectations with Q1 EPS of $2.03 and revenue of $24.5B. Noted lower discretionary sales.

Upcoming Earnings Reports

  • Booz Allen Hamilton (BAH) expected EPS $1.23 on 5/24
  • Hudbay Minerals (HBM) expected EPS $0.09 on 5/24

Analysts expect Q2 2024 earnings growth of 9.7%, Q3 at 8.6%, Q4 at 17.3%. 77% of S&P 500 companies beat EPS estimates in Q1. 4 2

Economic Indicators

  • US Consumer Confidence retreated in April 2024 per The Conference Board survey
  • Next Consumer Confidence Index release on 5/28 at 10 AM ET
  • Inflation expectations remain high despite some spending growth 1

Analyst Recommendations

Buy/Strong Buy

  • Amazon (AMZN)
  • Nvidia (NVDA)
  • Microsoft (MSFT)
  • Meta Platforms (META) - Avg target $522.95
  • Celsius (CELH)
  • Abercrombie & Fitch (ANF)
  • CrowdStrike (CRWD)
  • Eli Lilly (LLY)
  • Cintas (CTAS)