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Dow Jones Futures: Current Stock Market Rally Near Highs; Snap, iRobot, Texas Instruments are profit acquirers

Dow Jones futures improved late on Tuesday, along with S & P 500 futures and Nasdaq futures, during a major effort after the stock market ran up against record high Tuesday. The current stock market rally can signal it's a long-term bull. Texas Instruments (TXN), iRobot (IRBT), Snap (SNAP), Edwards Lifesciences (EW) and eBay (EBAY) reported late.


The Texas Instruments stock reversed lower as the CFO signaled a slowdown of the track could last longer. It can be bad news for the powerful chip shift, which has turbocharged today's stock market collection.

Snap stock slashed after-time gains while eBay stock rose. Edwards Lifesciences stocks angularly lower and iRobot stock tumblet.

IRobot share has a 98 IBD Composite Rating out of 99, Texas Instruments has a 95 Composite Rating, followed by Edwards Lifesciences at 93, eBay at 87 and Snap at 77. [19659006] Dow Jones Futures Today

Dow Jones futures rose a fraction vs. fair value. S&P 500 futures lined higher. Nasdaq 100 futures climbed 0.1%. Keep in mind that takeover in Dow futures and elsewhere may not necessarily be translated into actual trading in the next ordinary stock market session.

Current Stock Market Run

Current Stock Market Rally Drive Higher, Powered by Revenue from Twitter (TWTR) to Lockheed Martin (LMT). The Nasdaq Composite increased 1.3% and the S & P 500 index managed 0.9%, both at the highest end level after coming within a fraction of last year's record intraday heights. Dow Jones rallied 0.5%, now within 1% of the record levels. Nasdaq 100 continued to hit record highs, with a rising 1.3% as Apple (AAPL) and FANG stocks surpassed all S & P 500 index, while Qualcomm (QCOM) increased by 6%. 19659004] Growth stocks went well, especially software. Among the best ETFs, iShares Expanded Tech Software Sector ETF (IGV) reclaimed 1.6%, back at record highs after withdrawing last week. VanEck Vectors Semiconductor ETF (SMH) advanced 0.8% to a new high, but fell slightly after hours as the Texas Instruments stock fell. Innovator IBD 50 ETF (FFTY) jumped 1.1%.

A long-term bull market?

With megacap techs and growth stocks that hit record highs, it's not surprising that stock market indices are knocking on the door. 19659004] If the current stock market rally convincingly erases the old peaks, there would be a strong signal that a new or revived long-term bull market is in play. Over the past few months, the stock market has offered dozens of top stocks that break out bullish and deliver solid gains. This stock market collection was negotiable, but we have not had clear indications that it really is a beef market.

Texas Instruments Stock

Texas Instruments revenue and sales increased Q1 impressions. Gross margins and Texas Instruments 2nd quarter guidance were slightly below consensus. Stocks initially popped 5%, but then reversed to down 1.7% to 114.41. CFO Rafael Lizardi says that the economic downturn often has four to five quarters of decline. TI just had its second quarter with falling sales. Investors have bought Texas Instrument shares and other chip names on the expectations of an industry recovery later this year.

The Texas Instruments warehouse had closed up 1.2% at 116.38, still in the scope of purchase from a 113.08 buying point. Group leader Xilinx (XLNX) and industrial giant Intel (INTC) reports this week.

Snap Stock

Snapchat parents topped impressions for losses, revenue and user levels. Snap stocks first spiked late but pared gains to about 2.5%. Stocks closed 4% to 11.99, as the Twitter share increased by almost 16% on revenue. Snap shares have been rallying from a long downtrend, but do not yet have a proper base or a buying point.

IRobot Stock

IRobot revenue increased the view but sales fell short. Shares in the Roomba manufacturer died 15% late. The last IBD stock of the day had the iRobot stock closed up 1.4% to 130.57, close to a base of base of 132.98.

EBay Stock

EBay Revenue topped views. Stocks rallied 4.85% late after the eBay shares closed up 1.4% to 36.67. The e-commerce giant works at a 39.24 point of purchase from either a long cup-to-handle base or a short flat base. The relative strength line has been, but a strong eBay stockpop would push the RS line toward short-term heights.

Edwards Lifesciences Stock

Edwards Life Sciences Revenue and Stroke. But shares of medical equipment maker lost 2.75% late. Edwards Lifescience's stock closed 1.4%, just below its 50-day line. It is trying to jump back after selling with medical patients last week.

Boeing Earnings Set to Turn Dow Jones Futures

Dow Jones futures could be particularly volatile overnight. Boeing income headline early Wednesday morning results, with investors eager to learn how expensive 737 Max failure will be. Boeing (BA) is the largest weight in the price-weighted Dow Jones Industrial Average. Many other big names report before it is open, with a mess after the bunch.

The current stock market composition can easily clear full-time heights, with the Nasdaq only 0.15% of the peak and the S&P 500 index 0.25%. But it would not be a surprise to see large stock market indices that have a resistance just below or above record levels.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more

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