Opening Bell 🔔

Major Market Indices Performance:

• FTSE 100: 8,124.90 (-0.47%) [1]
• NASDAQ: 17,667.56 (+0.57%) [2]
• S&P 500: 5,433.74 (+0.23%) [3]
• Nikkei 225: 38,814.56 (+0.24%) [4]
• Dow Jones: 38,647.10 (-0.17%) [3]

Stock in Focus 📈

ELF Beauty (ELF) - Cosmetics

• Current Price: $202.58 [2][6]
• P/E Ratio: 46.63x [6]
• EPS: $0.345 [6]
• Revenue: $321.1M (+71% YoY) [2]
• Net Income: $1.17B (+36.74% YoY) [6]
• 52-Week Range: $138.80 - $299.29 [6]
• Market Cap: $581.93B [6]
• No Dividend

Sector Spotlight 💡

• Top Performing: Tech (+49.7% Trailing 12M) [1][2]
• Worst Performing: Industrials (+30.2% Trailing 12M) [1][2]

Consumer Confidence 📊

• US Consumer Confidence Index: 102.0 in May (up from 97.5 in April) [1]
• Present Situation Index: 143.1
• Expectations Index: 74.6 (below 80 for 4 consecutive months) [1]
• 12-Month Inflation Expectation: 5.4% (up from 5.3%) [1]
• Next Release: June 25, 10 AM ET [1]

Earnings Roundup 💰

• Costco (COST): EPS $1.00, matched estimates [1]
• Oracle: EPS $1.63 (missed), Revenue +3% [2]
• Broadcom: EPS $10.96 (+6.2% YoY), Revenue +43% (beat) [2]
• Adobe: EPS $4.48 (+14.6% YoY), Revenue +10% (beat) [2]
• Upcoming: Big Tech Q2 earnings (Jul 17 - Aug 15) [3]

Market Movers ⬆️⬇️

• Top Gainers: BioRestorative (+46.07%), UroGen (+37.58%), Biomea (+25.49%) [2]
• Top Losers: ZKH Group (-69.60%), American Resources (-26.00%), DDC Enterprise (-25.97%) [1]

Analyst Recommendations 💹

• Square (SQ): 39 Buys, 7 Holds, 5 Sells. Avg Target $90.43 [2]
• Arista (ANET): Stock above $314.75 avg target [3]
• Target (TGT): Moderate Buy, 18 Buys, 10 Holds, 1 Sell [4]
• Best Buy (BBY): Avg Target $89 [5]
• Amazon (AMZN): 95% Buy, Avg Target $221.74 (+18% upside) [7]

Market Highlights ⭐

• Sensex +150 pts, Nifty +0.25% led by banks/IT [1]
• India growth forecast 6.7% avg FY24-26 per World Bank [1]
• Crypto market surge in May, BTC ETF AUM at $60B [3]
• FCA emphasizes data integrity in surveillance tools [7]

Support and Resistance

Support and resistance levels are key technical analysis concepts that identify price points where a prevailing trend is expected to pause or reverse due to supply and demand dynamics. Support indicates a demand zone that halts price declines, while resistance shows a supply zone that stalls price rises. Traders use these levels to time entries/exits and anticipate potential reversals. Various indicators like Fibonacci, Wolfe Waves, Pivots etc. help identify support/resistance areas [1][3].

That’s all for today’s market check! Let me know if you need any clarification or have additional questions.