Daily Market Newsletter
Earnings Reports
Amazon (AMZN)
- Market Cap: $1.93 trillion
- Upcoming Earnings Date: August 1, 2024
- Expected EPS: Not provided
Tesla (TSLA)
- Market Cap: $559 billion
- Upcoming Earnings Date: July 17, 2024
- Expected EPS: Not provided
Microsoft (MSFT)
- Market Cap: $3.16 trillion
- Upcoming Earnings Date: July 23, 2024
- Expected EPS: Not provided
Berkshire Hathaway (BRK.A, BRK.B)
- Market Cap: $900 billion
- Upcoming Earnings Date: August 5, 2024
- Expected EPS: Not provided
Dollar Tree (DLTR)
- Consensus EPS Forecast: $1.43
- Earnings Date: Q4 2024 (ended April 30)
- YoY EPS Change: -2.72%
Campbell Soup (CPB)
- Consensus EPS Forecast: $0.70
- Earnings Date: Q4 2024 (ended April 30)
- YoY EPS Change: +2.94%
Thor Industries (THO)
- Consensus EPS Forecast: $1.89
- Earnings Date: Q4 2024 (ended April 30)
- YoY EPS Change: -15.63%
Ollie’s Bargain (OLLI)
- Consensus EPS Forecast: $0.65
- Earnings Date: Q4 2024 (ended April 30)
- YoY EPS Change: +32.65%
Economic Indicators
- US Consumer Confidence Index rose to 102.0 in May from 97.5 in April
- 12-month inflation expectation increased to 5.4% in May
- 56.2% of consumers expect higher interest rates in the next year
Market Movers
Top Gainers
- MicroAlgo Inc. (MLGO): +669.87% to $12.01
- Vast Renewables (VSTE): +66.91% to $4.49
- Core Scientific (CORZ): +40.25% to $6.83
Top Losers
- Jiade Limited (JDZG): -85.97% to $1.75
- Equillium (EQ): -27.89% to $1.06
- MAIA Biotech (MAIA): -26.27% to $3.76
Stock in Focus
Booking Holdings (BKNG)
- Current Price: $3,801.36
- EPS: $20.39
- Q1 2024 Revenue: $4.4 billion
- Market Cap: $22.91 billion
- Sector: Travel & Leisure
- IBD Composite Rating: 95/99
- IBD Relative Strength Rating: 86/99
Analyst Recommendations
- Target (TGT): Avg. Target $173.94, Rating - Moderate Buy
- Block (SQ): Avg. Target $90.43, 39 Buys, 6 Holds, 5 Sells
- Plug Power (PLUG): Avg. Target $4.59, 19 Buys, 23 Holds, 8 Sells
- Best Buy: Price Target Cut to $86 by Truist, Hold Rating
- Iron Mountain (IRM): Stock Crosses Above Avg. Analyst Target of $80.86
Market Highlights
- Sensex and Nifty surge over 3% on predicted election results
- Indian rupee strengthens to 2-month high at 83.14 vs USD
- Axis Bank partners with Bajaj Allianz for bancassurance
- Asian stocks up on Fed rate cut hopes, US indices settle lower
- Oil prices decline amid oversupply concerns ahead of OPEC meeting
Index Snapshot
Index | Closing Price | Daily Change | % Change |
---|
DAX | 18,621.85 | +204.31 | +1.11% |
Nikkei 225 | 38,462.50 | -342.00 | -0.88% |
NASDAQ | 16,857.05 | +28.38 | +0.17% |
Dow Jones | 39,694.95 | N/A | N/A |
- Best Performer in 2023: Technology (+56% returns)
- Worst Performer in 2023: Utilities (-10% returns)