Daily Market Check - June 12, 2024

Market Indices

S&P 500 (GSPC)

  • Closing Price: 5,375.32
  • Daily Change: +0.27%
  • Percentage Change: +0.27%

Dow Jones (DJI)

  • Closing Price: 38,747.42
  • Daily Change: -0.31%
  • Percentage Change: -0.31%

NASDAQ Composite (IXIC)

  • Closing Price: 17,343.55
  • Daily Change: +0.88%
  • Percentage Change: +0.88%

FTSE 100 (^FTSE)

  • Closing Price: 8,211.19
  • Daily Change: +63.38
  • Percentage Change: +0.78%

Nikkei 225

  • Closing Price: 38,876.71
  • Daily Change: -0.66%
  • Percentage Change: -0.66%

DAX PERFORMANCE-INDEX (GDAXI)

  • Closing Price: 18,552.40
  • Daily Change: +0.99%
  • Percentage Change: +0.99%

Top/Worst Performing Sectors

  • Top Performing Sector: Technology
  • Worst Performing Sector: Industrials
  • Highlights:
    • Super Micro Computer: +175.9%
    • Deere: Faced challenges

Economic Indicators

  • Consumer Confidence Index: Rose to 102.0 in May from 97.5 in April
    • Present Situation Index: 143.1
    • Expectations Index: 74.6 (below 80 for 4 consecutive months)
  • Inflation Expectations: 12-month inflation expectation increased to 5.4% in May
  • Next Release: Consumer Confidence Index on June 25, 10 AM ET

Earnings Reports

  • Oracle (ORCL):
    • Q4 2024 EPS forecast: $1.34 (-0.74% YoY)
    • P/E ratio 2024: 28.04
  • Casey’s General Stores (CASY):
    • Q4 2024 EPS forecast: $1.70 (+14.09% YoY)
    • P/E ratio 2024: 25.69
  • Mama’s Creations:
    • Q4 2024 EPS forecast: $0.02 (-50% YoY)
    • P/E ratio 2025: 46.73
  • Retail Sector Q1 2024:
    • 73% of companies beat estimates
    • Blended earnings growth estimate: 20.8%
    • Blended revenue growth estimate: 3.8%

Top Gainers/Losers

Top Gainers

  • Airship AI Holdings (APH): +47.13%, $4.62
  • Blue World Acquisition (BWAQ): +34.51%, $9.49
  • TruGolf Holdings (TRUG): +33.50%, $1.38

Top Losers

  • Amphenol (APH): -49.78%, $67.22
  • Visionary Holdings (GV): -32.94%, $3.40

Focus Stock: GameStop (GME)

  • Sector: Retail (Video Games)
  • Find latest pricing and fundamentals on financial sites/platforms.

Analyst Recommendations

  • Target (TGT):
    • Exane BNP Paribas: $116 target (-21.20%), Underperform
  • Alphabet (GOOGL):
    • Evercore ISI: Outperform, $225 target
    • BofA: Buy, $200 target
  • Nvidia (NVDA):
    • Argus: Buy, $150 target
    • Goldman: Buy, $135 target
  • Oracle:
    • JPM: Hold, $105 target
    • TD Cowen: Buy, $145 target
  • Shopify:
    • JPM: Overweight, $74 target

Market Highlights

  • June 10:
    • Sensex down 203 pts, Nifty at 23,259
    • Rupee fell 10 paise to 83.50/USD
  • June 12:
    • Sensex up 150 pts at 76,607, Nifty up 0.25%
    • Rupee flat at 83.54/USD