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

IndexClosing PriceDaily Change% Change
DAX18,621.85+204.31+1.11%
Nikkei 22538,462.50-342.00-0.88%
NASDAQ16,857.05+28.38+0.17%
Dow Jones39,694.95N/AN/A

Sector Performance

  • Best Performer in 2023: Technology (+56% returns)
  • Worst Performer in 2023: Utilities (-10% returns)