Daily Market Check - June 17, 2024

Top Performing Sectors:

  1. Financials (Outperform, +33.1% trailing 12-month performance)
  2. Energy (Outperform, +16.6% trailing 12-month performance)
  3. Materials (Outperform, +22.5% trailing 12-month performance)

Worst Performing Sectors:

  1. Real Estate (Underperform, +10.0% trailing 12-month performance)
  2. Consumer Discretionary (Underperform, +23.3% trailing 12-month performance)

Major Index Levels:

  • FTSE 100: Closing price, daily change, and percentage change not provided
  • Nikkei 225: 38,102.44 (-712.12, -1.83%)
  • Dow Jones: Closing price, daily change, and percentage change not provided
  • NASDAQ: Closing price, daily change, and percentage change not provided

Economic Data:

  • US Consumer Confidence Index rose to 102.0 in May from 97.5 in April
  • 12-month inflation expectations increased to 5.4% from 5.3%
  • 56.2% of consumers expect higher interest rates over next year, up from 55.2%

Upcoming Earnings Reports:

  • Amazon (AMZN): Revenue $1.93T, Expected Date Aug 1
  • Tesla (TSLA): Revenue $559B, Expected Date July 17
  • Microsoft (MSFT): EPS forecast 0.47, Expected Date Aug 6
  • 1Spatial: Revenue £32.3M (+7.7%), Net Income £1.18M (+12%), EPS £0.011

Top Gainers:

  1. Deutsche Börse: 185.45 (+1.76%)
  2. Continental: 55.76 (+1.38%)
  3. Siemens: 167.56 (+1.10%)

Top Losers:

  1. Beiersdorf: 146.00 (-0.31%)
  2. Commerzbank: 13.72 (-0.33%)
  3. Porsche: 70.38 (-0.34%)

Focus Stock: Broadcom (AVGO)

  • Sector: Semiconductor
  • Current Price: 1,735.04
  • P/E Ratio: 33.04x
  • EPS: 1.53
  • Revenue Growth: 42.6% this year, 15.2% next year
  • Net Income: $23.64B
  • 52-week Range: 1,640.07 - 2,200.20
  • Market Cap: $807B

Analyst Recommendations:

  • Target (TGT): Underperform rating by Exane BNP Paribas, $116 price target (-17.96% downside)
  • Block (SQ): 39 Buy, 7 Hold, 6 Sell, Avg PT $90.43
  • Goldman Sachs (GS): 26 Buy, 3 Hold, 0 Sell, Avg PT $464.06

Market Highlights:

  • Sensex and Nifty hit new highs on June 14 due to blue-chip buying
  • 2,181 stocks advanced, 1,664 declined on BSE on June 14
  • Rupee fell 2 paise to 83.56 vs USD on June 14
  • Brent crude up 4% to $82/barrel on June 15 on robust demand outlook
  • 5 hot growth stocks on June 14: CAVA, ANF, LLY, CRWD, DECK

Technical Analysis Tips:

  • Use multiple indicators like MAs, RSI, MACD to confirm signals
  • Consider market context, set stop losses, test strategies on historical data
  • For beginners: MAs help identify trends, RSI shows overbought/oversold, MACD shows MA relationships