Dow Jones Lifts 3,100 points from December low

Dow Jones industrial product increased 0.8% and participated in a broad and sharp stock rally today after President Donald Trump agreed to stop a month's partial public closure. On Friday season high of 24,860, the 30 stock market blueprint index has now jumped 3,148 points, or more than 14%, from December 26th today low.

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Meanwhile BioTelemetry (BEAT), Domino's Pizza (DPZ), Tencent Music Entertainment (TME), PayPal (PYPL), Xilinx XLNX) and Cornerstone OnDemand (CSOD) showed the type of weekly price gains shown by real market leaders.

Domino's Pizza, Tencent Music, PayPal and Xilinx are current members of the IBD Leaderboard. Since BioTelemetry is ranked within the top 10 of the IBD 50, the stock's daily and weekly charts are marked in real-time to mark buying points, sales signals, and important cost and volume action pages.

Top Stocks Do This [19659006] Xilinx, the specialist in data center chip and communications markets, blasted more than 17% higher for the week, leaving a 95.28 point of purchase in a cup with no handle in the dust. The cornerstone rose more than 2% on Friday and rolled past a 55.54 correct entry into a base that has two major sales offs usually placed in a good double dog base.

The Nasdaq composite led Friday's rally with a 1.3% gain. It also marked a fourth week in a row, increasing the fraction for the week. For the week, S & P lost 500 approx. 0.3% despite Friday's 0.8% lift. The S&P SmallCap 600 spoke a four-week win, but returned less than 0.2% a week.

IShares PHLX Semiconductor (SOXX) ETF received more than 4% for the week. BioTelemetry now increased up to resistance near the 40-week moving average.

Within IBD 50, BioTelemetry increased as much as 4.5% and shortened a 70.58 proper place of purchase in an eight week cup of handle base.

In the cup with handles, expect the decline from the cup's left side to the bottom of the pattern to fall within 12% to 33% range. In the case of BioTelemetry, the correction in the cup base was almost 32%. So it falls within the normal range. The inventory began to form a downward ship handle on January 17.

The Street expects the cardiac expert to add a 34% jump in fourth quarter earnings to 43 cents per share. Analysts also predict a 87% jump in full-year earnings to $ 1.81. But the consensus view also shows no increase in 2019 earnings per share so far. Investors should prefer to see companies with reasonable expectations of double-digit EPS gains in the current financial year.

BioTelemetry's Medical-Services industry group was ranked 53rd among 197 IBD industry groups over six months of relative performance over Thursday's second. It's up from 71. three weeks ago, but down from 49. six weeks earlier.

These top stocks have recently joined the Leaderboard

Several new shares entered the Leaderboard as they scored new breakouts. They include Domino's Pizza, up 6% for the week and rising for a third week in a row. Tencent Music Entertainment had a very good week, rising more than 12%. It is now past the 5% buying zone after a move past a 14.85 entry point on a narrow IPO basis.

News News Upcoming

Next week, these high-growth companies are slated to report quarterly results:

Verizon Communications (VC), Tuesday: analysts see revenue in telecom giant and 5G wireless developer increases 27 % to $ 1.09 a share in the fourth quarter.

McDonald's (MCD), Wednesday: Street sees revenue in the fourth quarter increasing by 11% to $ 1.89 a share despite a 3% decline in sales to $ 5, 17 billion.

Visa (V), Wednesday: Credit and debit card transactions see revenue rising 16% to $ 1.25 in tax Q1. The stock builds a long base showing elements of a double bottom.

Abiomed (ABMD), Thursday: The heart pump innovator is seen as increasing profit 224%. The big market winner also works on a large, deep base.

See the full list of companies reporting revenue in the IBD performance calendar. For more on how to use call options to reduce risk in the earnings season, please read the latest income statement.

In other financial markets

investors dumped long-term US government bonds. The return on the reference Treasury 10-year note jumped 3 basis points to 2.75%. Crude oil was 1%.

Gold and silver are both advanced with US dollar weakness against the euro.

Follow David Saito-Chung on Twitter at @IBD_DChung for more on growth stocks and financial markets.

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