Market Overview

The markets showed a mixed performance on May 28, 2024, with the technology sector leading the gains and the industrials sector experiencing a slight decline.

Sector Performance

Top Performing Sector

Technology: +2.72%

Worst Performing Sector

Industrials: -0.48%

Index Highlights

• S&P 500 (SPX): 5,304.72 (+0.70%)
• Dow Jones (DJI): 39,069.59 (+0.01%)
• NASDAQ: 16,920.79 (+1.10%)
• FTSE 100: 8,274.63 (+0.52%)
• Nikkei 225: 38,855.37 (-0.11%)
• DAX: 18,716.52 (-0.24%)

Focus Stock: Prime Focus

Prime Focus, a small-cap company in the films and entertainment industry, showed a positive trend with its stock price at Rs 108.7 on May 28, 2024, within a 52-week range of Rs 94.8 to Rs 108.7.

Analyst Recommendations

Target (TGT)

• Current Price: $145.32
• Buy Ratings: 100
• Average Analyst Price Target: $183.37

APA Co. (APA)

• Current Price: $29.36
• Buy Ratings: 5
• Hold Ratings: 10
• Sell Ratings: 3
• Average Analyst Price Target: $41.90

Economic Indicators

Consumer Confidence

The US Consumer Confidence Index declined to 109.5 in November from 111 in October.

Inflation

• US Core CPI YoY: 3.6% in April 2024 (unchanged from March)
• Next Release: May 15, 2024 (Expected 3.6%)

Earnings Reports

Micron Technology (MU)

• Earnings Date: June 26, 2024
• Expected EPS: $0.35

Salesforce Inc.

• Earnings Date: May 29, 2024
• Expected EPS: $2.38
• Expected Revenue: ~$9.15B

Pfizer Inc. (Q1 2024 Reported)

• Revenue: $14.9B (-20% YoY)
• Adjusted EPS: $0.82 (-33% YoY)
• Full-Year Adj. EPS Guidance: $2.15 - $2.35

Top Gainers & Losers

Top Gainers

• Divis Laboratories: +3.22%
• SBI Life Insurance: +2.88%
• HDFC Life Insurance: +2.52%
• Hero Motocorp: +1.97%
• Grasim Industries: +1.86%
• 3M India: +9.61%
• Deckers Outdoor Corp: +14.18%

Top Losers

• Adani Ports & SEZ: -2.18%
• Power Grid Corp: -1.62%
• Bharat Petroleum: -1.46%