Dow Jones Futures: Treasury Yield Surge; Apple makes history; Time to buy Tesla shares?

Dow Jones futures were slightly lower late Monday after the stock market started 2022 with strong gains, as government interest rates rose. Tesla shares rose past a new buying point after strong deliveries, while Apple reached a new high and the market value of 3 trillion dollars.


On Monday, the Dow Jones Industrial Average rose 0.7 percent. The S&P 500 rose 0.6%, while the technology-heavy Nasdaq composite rose 1.2%.

Among the Dow Jones executives, apple (AAPL) rose 2.5% on Monday, while Microsoft (MSFT) fell 0.5% in today’s stock market. Also among Dow 30, Home Depot (HD) faltered, mens Nike (NKE) fell further below a key level.

Head of electric vehicles Tesla (TSLA) traded up 13.5% on Monday. Its rival, Rivian (RIVN), was down almost 1%. Lucid group (LCID) increased 7.6%. And Chinese electric car executives Li Auto (ON), Nio (NIO) and Xpeng engines (XPEV) ended heavily mixed after their sales reports in December over the weekend.

Among Monday’s best stocks to buy and see, Materials used (AMAT), Huntsman (THEIR), Goldman Sachs (GS) and Wells Fargo (WFC) is in or near new shopping zones.

Microsoft and Tesla are IBD Leaderboard shares. Tesla was featured in this week’s Stocks Near A Buy Zone column, while Applied Materials is an IBD SwingTrader stock.

Dow Jones Futures today

After the stock market closed on Monday, Dow Jones futures fell 0.1% relative to fair value, while S&P 500 futures fell. Nasdaq 100 futures increased relative to fair value. Keep in mind that trading in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular trading session.

Overview of the US stock market today

Index Symbol Price Gain / loss % Change
Dow jones (0DJIA) 36585.13 +246.83 +0.68
S&P 500 (0S & P5) 4796.59 +30.41 +0.64
Nasdaq (0NDQC) 15832.80 +187.83 +1.20
Russell 2000 (IWM) 225.35 +2.90 +1.30
IBD 50 (FFTY) 45.54 -0.30 -0.65
Last updated: 16:28 ET 1/3/2022

Among exchange-traded funds, Innovator IBD 50 (FFTY) fell 0.7% as peak growth stocks came under selling pressure. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1%. And the SPDR S&P 500 ETF (SPY) rose 0.6%.

Elsewhere, the 10-year government interest rate rose to its highest level since November 24, closing at close to 1.63%. The 10-year government interest rate ended around 1.51% on Friday.

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Stock market rally

The stock market started in 2022 with solid gains on Monday, when the technology-heavy Nasdaq composite took a four-day losing streak. The Dow Jones Industrial Average and the S&P 500 ended a two-day slide.

The market outlook remains in a “confirmed upward trend”, so investors have the green light to buy top-ranked growth stocks that break out previously correct buy points.

Friday’s The Big Picture commented: “Investors should exercise caution when entering the new year, but there is reason for optimism. History shows that when the S&P 500 increases 20% or more during a calendar year, there is an average gain of 7.7% next, according to Dow Jones market data. In addition, the median return the following year is a gain of 10.2%. “

For daily stock market comments, check out IBD’s The Big Picture.

Five best Dow Jones stocks to see now

Dow Jones shares to buy and look at: Home Depot, Nike

The Home Depot share fell 1.5% on Monday, but remains above the 50-day support level. Shares are in a buying zone on a setback from support.

Dow Jones retail leader Nike is tracking a new flat base that has a buying point of 179.20, according to IBD MarketSmith chart analysis. Shares fell further below their 50-day line during Monday’s decline of 1.2%.

Four top-growth stocks to be seen in the current stock market rally

Shares to buy and look at: Applied Materials, Huntsman, Goldman Sachs, Wells Fargo

The IBD SwingTrader stock Applied Materials regained a buying point of 159.10 in a flat base during Monday’s 1.6% rise, according to the IBD MarketSmith chart analysis. The first outburst occurred in low volume, but continues to play. Volume, a key factor for successful breakouts, has been absent in the stock’s upside movements. The purchase area of ​​5% goes up to 167.06.

Wednesday’s IBD Stock of the Day, Huntsman, remains in the buying zone past a 34.57 flat-base listing after Monday’s 1.5% rise. The purchase area of ​​5% goes up to 36.30. The HUN stock shows an 89 of a perfect 99 IBD Composite Rating, according to the IBD Stock Checkup.

Dow Jones Goldman Sachs rose 3.3 percent to close just below the 50-day high. The shares track a flat base with a buy point of 426.26. A decisive move above the 50-day limit would be bullish on the stock’s outlook.

Wells Fargo rose 5.7%, moving above the 50-day moving average and breaking above a trend line. The banking giant tracks a flat base with a buy point of 52.67.

Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live

EV shares: Li Auto, Nio, Xpeng, Lucid Motors, Rivian

Over the weekend, Chinese EV leaders Li Auto, Nio and Xpeng Motors reported their deliveries in December.

Li Auto shares continue to work on a new base after regaining their 50-day moving average last week. Shares rose 0.75% on Monday.

The nine-share stock jumped 5.65% on Monday, moving further from the last lows. The shares closed on Monday with about 50% of their 52-week high and sharply below the 50- and 200-day moving averages.

Xpeng Motors ended a volatile session with a loss of 0.1% on Monday. There is no valid buy point yet, since stocks are the right side of a new base, but recent action is certainly constructive.

Among US-based EV shares, Lucid Motors shares rose 7.6% higher on Monday, recovering after Friday’s decline of 1.8%. The LCID share is still extended to a buy point of 28.49 in a cup with handles, but large gains have faded. The shares are preparing for a new attempt to take back the 50-day line, which will be positive for the share’s consolidation.

The recent listing of Rivian fell 0.9% on Monday, and reversed lower after early gains. RIVN shares closed on Monday with a 43% discount after the listing. Continue to wait for an IPO to form before considering a purchase. Recent heavy losses are a significant setback in the share’s base process, and there is no new buying point in sight.

Tesla shares

Tesla shares rose 13.5% on Monday, taking a four-day losing streak. On Sunday, Tesla deliveries totaled 308,600 deliveries in the 4th quarter. It included 296,850 Model 3 and Y vehicles and 11,750 Model S and X luxury electric cars. For the full year, Tesla said annual vehicle deliveries increased by 97% in 2021, delivering 936,172 vehicles.

On Monday, Tesla shares broke past a buy point of 1,119.10, which is the result of a daily chart trend line and a handle. That buying zone expanded to 1,175.06. Meanwhile, the stock is within striking distance of a double-bottom buying point of 1,202.05.

The shares traded as high as 1,243.49 on November 4, and the stock ended Monday with only a 4% discount at the highest level in 52 weeks.

Dow Jones executives: Apple, Microsoft

Among Dow Jones shares, Apple shares ended up 2.5% on Monday, reaching almost 20-25% profit margin past a buy point of 153.27 from a cup of handles, according to IBD MarketSmith chart analysis. Apple shares reached a new high on Monday, becoming the first company to reach a market value of $ 3 trillion.

Software leader Microsoft again found support around its 50-day moving average during Monday’s 0.5% decline. The top Dow Jones stock is approaching a flat base buying point of 349.77 with an early entry of 344.40.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.


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