Market Summary

In the previous trading session on June 7th, the major US indices closed mixed:

• S&P 500: 5,346.99, -0.11%
• Dow Jones: 38,798.99, -0.22%
• NASDAQ: 17,129.90, -0.25%
• Nikkei 225: 39,054.50, +1.02%

Economic Data

• US Consumer Confidence Index rose to 102.0 in May from 97.5 in April
• Consumers’ inflation expectations increased to 5.4% in May
• May CPI data to be reported on June 15, with previous monthly figures showing 0.3-0.4% inflation

Sector Performance

Based on Charles Schwab’s Sector Views, the top performing sectors are:

• Financials (Outperform, +33.1% trailing 12m)
• Energy (Outperform, +16.6% trailing 12m)
• Materials (Outperform, +22.5% trailing 12m)

The worst performing sectors are:

• Real Estate (Underperform, +10.0% trailing 12m)
• Consumer Discretionary (Underperform, +23.3% trailing 12m)

Earnings Reports

Recent and upcoming earnings reports:

• Amazon (AMZN): Expected to report on 7/25, Est. EPS $1.02
• Netflix (NFLX): Expected 7/17, Est. EPS $4.72
• Microsoft (MSFT): Expected 7/23, Est. EPS $2.93
• Alphabet (GOOG): Expected 7/23, Est. EPS $1.81
• Apple (AAPL): Expected 7/24, Est. EPS $1.33
• Meta (META): Expected 7/24, Est. EPS $4.70
• NVIDIA (NVDA): Expected 8/15, Est. EPS $6.38

Top Gainers & Losers

Nifty Top Gainers on 6/10:

• Ultratech Cement +3.47%
• Grasim Industries +2.81%
• Hero Motocorp +2.51%
• Cipla +2.47%
• Power Grid +2.09%

Nifty Top Losers on 6/10:

• Tech Mahindra -2.70%
• Infosys -2.21%
• Wipro -1.92%
• M&M -1.75%
• LTIMindtree -1.48%

Sensex Top Gainers on 6/10:

• Ultratech Cement +3.19%
• Power Grid +2.07%
• Nestle India +1.74%
• Axis Bank +1.16%
• NTPC +1.07%

Sensex Top Losers on 6/10:

• Tech Mahindra -2.72%
• Infosys -2.20%
• Wipro -1.95%
• M&M -1.73%
• Bajaj Finance -1.42%

Focus Stock

Deere (DE)

• Sector: Capital Goods
• P/E Ratio: 10.7x
• EPS: $34.36
• Revenue (TTM): $58.60B
• Net Income: $9.47B
• Dividend Yield: 1.6%
• Market Cap: $101.57B

Analyst Recommendations

• Sunoco LP: Upgraded to Buy at Stifel, $62 PT
• Block (SQ): 39 Buys, 7 Holds, 5 Sells; Avg PT $90.43
• NVIDIA (NVDA): 77 Buys, 4 Holds, 0 Sells; Avg PT $1,179.44
• Target (TGT): 18 Buys, 10 Holds, 1 Sell; Consensus Moderate Buy