Situs Slot Gacor Slot Gacor Gampang Menang Situs Slot Gacor

Dow Jones rallies 400 points, what to do now; 4 Tech Titans Report Revenue

Dow Jones futures were higher before Tuesday’s open after the Dow Jones Industrial Average rose more than 400 points on Monday. Tech titans Alphabet, Apple, Meta Platforms and Microsoft are due this week.


But first, Dow Jones stocks 3M (MMM) and Cola (KO) reports early Tuesday. General Motors (GM), Halliburton (HAL), Raytheon Technologies (RTX) and UPS (UPS) will also be among the key reporters on Tuesday morning.

Stock market today: Chinese shares plunge

On Monday, the Dow Jones Industrial Average rose 1.3% and the S&P 500 rose 1.2%. The tech-heavy Nasdaq composite climbed 0.9%. And the small-cap Russell 2000 rose 0.35%.

Among exchange-traded funds, Nasdaq 100 tracker Invesco QQQ Trust ( QQQ ) rose 1.1% and the SPDR S&P 500 ( SPY ) rose 1.2%.

Chinese stocks were battered on Monday, as China’s Hang Seng index plunged 6.4%, closing at its lowest level since April 29, 2009. Chinese leader Xi Jinping continued to consolidate his power, appointing a number of backers to the party’s most powerful decision-making body . after securing a convention-defying third term.

Ali Baba (BABA) and Baidu (BIDU) fell more than 12% apiece. Daqo New Energy (DQ) dived nearly 7%, and Li Auto (LI) plunged 17%. And Pinduo duo (PDD) crashed 24%.

EV giant Tesla ( TSLA ) pared losses to 1.5% after hitting a new 52-week low. Among Dow Jones stocks, apple (AAPL) traded up 1.5% and Microsoft (MSFT) climbed 2.1% in today’s stock market.

AutoZone (AVOID), Cardinal health (CAH), Eli Lilly (LLY) and Texas Roadhouse (TXRH) – as well as Dow Jones stocks Chevron (CVX) and UnitedHealth (UNH) — is among the best stocks to buy and watch. Remember, the new stock market rally is the perfect time for investors to put their watch lists into action.

Cardinal and Texas Roadhouse are IBD Leaderboard stocks. Eli Lilly is an IBD SwingTrader stock. UnitedHealth was featured in this week’s Stocks Near A Buy Zone column, along with three other top stock ideas.

4 top growth stocks to watch right nowra stock market rally

Dow Jones Futures Today: Treasury Yields, Oil Prices

Ahead of Tuesday’s opening bell, Dow Jones futures rose 0.1% against the real deal, while S&P 500 futures edged higher. Nasdaq 100 futures were unchanged relative to fair value. Keep in mind that overnight action in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular session.

The 10-year Treasury yield ticked higher to 4.23% on Monday, settling at its highest level since June 2008. Meanwhile, US oil prices fell on Monday, ending a three-day winning streak. West Texas Intermediate futures traded near $85 a barrel.

Q3 Earnings Season: Alphabet, Apple, Meta, Microsoft To Report

Third quarter earnings season rolls on this week, with key reports from tech titans Alphabet (GOOGL), apple (AAPL), Meta platforms (META) and Microsoft (MSFT).

Results from Boeing (BA), Chevron, Merck and Visa (V) also comes out all week.

Earnings reports cause many of the biggest moves in stocks, and they demand special attention. Strong earnings can propel stocks to previously untouchable levels—and above new buy points—while a less-than-impressive announcement can send stocks tumbling.

The stock market’s reaction to an earnings announcement can often tell you more than the earnings themselves. If results appear strong but the stock still falls, investors may be concerned about the sustainability of growth, rising costs or other potential negative factors.

With the market in rally attempt mode, investors should track companies that easily beat earnings results and have strong upside reactions. They could be among the stock market’s leaders if the market is able to recover.

What to do in the new stock market rally

Despite recent gains, now is not the time to aggressively jump back into stocks with both feet, but to take a measured approach. Exposure should be limited to a maximum of 20% of the portfolio for most investors. Aggressive investors should stay below 40% exposure until the market starts to prove itself.

Now is an important time to read IBD’s The Big Picture column. After Friday’s strong gains, investors want to put their curated watchlists to work to jump on future breakouts. But not all follow-ups work, so it’s important to increase your exposure slowly and methodically as the new uptrend emerges.

If the uptrend is real and meaningful, there will be plenty of time to make money with successful breakouts. Right now, it is important to be disciplined when it comes to increasing exposure as the new stock market rally strengthens.

Five Dow Jones stocks to watch now

Dow Jones stocks to watch: Merck, UnitedHealth

Dow Jones member and IBD 50 stock Merck breaks out above a double-bottom 93.12 buy point, according to IBD MarketSmith pattern recognition. Shares rose 1.8% on Monday, ending in the 5% buy range that goes up to 97.78. Earnings results for the third quarter are due Thursday before the opening bell.

UnitedHealth healthcare is approaching the buy point for a cup with a handle at 553.23, according to IBD MarketSmith pattern recognition. Shares rose 1.5% on Monday, moving closer to the stock’s last close.

Top stocks to watch: AutoZone, Cardinal, Eli Lilly, Texas Roadhouse

Auto parts leader and recent IBD Stock Of The Day AutoZone breaks out past a cupbase’s 2,362.34 buy point, riding 4.6% higher Monday. The 5% hunting zone goes up to 2,480.46.

IBD Leaderboard stock Cardinal Health is in buy territory past a short cup handle at 71.22, according to IBD MarketSmith chart analysis. Shares are also breaking out past a flat base buy point of 72.38. The income is calculated for 4 November.

IBD SwingTrader stock Eli Lilly closed further in buy territory past a flat base buy point of 335.43, climbing 2.1% on Monday.

Texas Roadhouse is trying to regain a flat base of 95.52 buy points after a brief breakout move last week. The shares ended Monday just above the entry. The earnings are posted on Thursday.

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

Tesla shares

Tesla shares plunged as much as 7.4% on Monday before paring losses to 1.5% after cutting prices for its Model 3 and Model Y cars by as much as 9% in China. Shares hit their lowest level since June 2021.

The stock closed about 49% off its 52-week high.

Dow Jones Leaders: Apple, Microsoft

Among the Dow Jones stocks, Apple shares rose 1.5% on Monday and are about 18% off their 52-week high. Despite a recent rally, the stock is holding below its 50- and 200-day lines. Apple earnings are at a loss for Thursday after the close.

Microsoft rose 2.1% on Monday, rising for the second day in a row. Shares are in rebound mode after hitting a 52-week low on October 13. The software giant is holding around 30% of its 52-week high. Microsoft earnings are due late Tuesday.

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


Top Growth Stocks to Buy and Watch

Learn how to time the market with IBD’s ETF Market Strategy

Find the best long-term investments with long-term IBD managers

MarketSmith: Research, charts, data and coaching in one place

How to research growth stocks: Why this IBD tool simplifies the search for top stocks

Source link

Back to top button