Daily Market Check - June 18, 2024
- Financials (Outperform, +33.1% trailing 12-month performance)
- Energy (Outperform, +16.6%)
- Materials (Outperform, +22.5%)
- Real Estate (Underperform, +10.0%)
- 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:
- Shriram Finance +3.57%
- Power Grid +3.20%
- Wipro +3.01%
- Titan +1.67%
- ICICI Bank +1.56%
Top Losers:
- Chemplast Sanmar -4.62%
- Kalpataru Power -4.53%
- Gujarat Ambuja -4.41%
- KNR Constructions -4.29%
- 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%)