Daily Market Check - June 18, 2024


Top Performing Sectors:

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

Worst Performing Sectors:

  1. Real Estate (Underperform, +10.0%)
  2. Consumer Discretionary (Underperform, +23.3%)

Economic Data:

  • US Consumer Confidence Index rose to 102.0 in May from 97.5 in April
  • Consumer inflation expectations increased slightly to 5.4%

Upcoming Earnings:

  • Amazon (AMZN) expected on August 1
  • Tesla (TSLA) expected on July 17

Recent Earnings Highlights:

  • Microsoft (MSFT) beat EPS forecast by 8.84%
  • La-Z-Boy (LZB) missed EPS forecast by -10.67%
  • Quantum Corp (QMCO) EPS increased 71.43%

Top Gainers:

  1. Shriram Finance +3.57%
  2. Power Grid +3.20%
  3. Wipro +3.01%
  4. Titan +1.67%
  5. ICICI Bank +1.56%

Top Losers:

  1. Chemplast Sanmar -4.62%
  2. Kalpataru Power -4.53%
  3. Gujarat Ambuja -4.41%
  4. KNR Constructions -4.29%
  5. Sumitomo Chemical -3.80%

Focus Stock: NVIDIA Corporation (NVDA)

  • Sector: Electronic Technology, Semiconductors
  • Current Price: $130.98
  • P/E Ratio: 76.62x
  • EPS: $0.606
  • Revenue: $26.04B (+43.73% YoY)
  • Net Income: $14.88B (+61.00% YoY)
  • 52-Week Range: $39.23 - $133.73
  • Market Cap: $322.11B
  • Dividend Yield: 0.03%

Analyst Ratings:

  • Broadcom (AVGO): Strong Buy, 21 Buys, 2 Holds
  • Costco (COST): Buy, 19 Buys, 6 Holds
  • Diamondback Energy (FANG): Buy, 14 Buys, 2 Holds

Market Highlights:

  • Sensex and Nifty hit fresh record highs on June 18
  • Rupee appreciated 13 paise to 83.42 vs USD
  • Oil prices up 4% at $82/barrel, best weekly gains since April

Index Levels:

  • FTSE 100: 8,182.82 (+0.50%)
  • NASDAQ: 17,857.02 (+0.95%)
  • S&P 500: 5,473.23 (+0.77%)
  • Nikkei 225: 38,482.11 (+1.00%)
  • Dow: 38,778.10 (+0.49%)