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Dow Jones rises on inflation data; 7 best stocks to buy and look at

The Dow Jones Industrial Average rose on Friday morning, when an important inflation reading slowed for the first time this year. For the week, the Dow Jones Industrial Average is set to take an eight-week losing streak, as the stock market rise continues. And after Thursday’s bullish rise, six top stocks include buying and seeing Merck and Tesla supplier Livent.


Marvell Technology (MRVL), Ulta beauty (ULTA), Workday (WDAY) and Zscaler (ZS) were important revenue factors on Friday.

MRVL shares rose 6% after beating Wall Street estimates. The ULTA share rose 10% on strong results for the first quarter. Workday sold off 7% after a lack of revenue estimates. Zscaler shares rose 12% on better results than expected.

Electric vehicle giant Tesla (TSLA) traded up 3% Friday morning. Elsewhere, Dow Jones tech executives apple (AAPL) and Microsoft (MSFT) rose around 1% each in today’s stock market.

In the middle of a stock market rise, Dow Jones is leading Chevron (CVX) and Merck (MRK) – together with Livent (LTHM), Eli Lilly (LLY), Northrop Grumman (NO C), World wrestling Entertainment (WWE) and ZIM integrated shipping (ZIM) – is among IBD’s best stocks to buy and watch on Friday.

WWE is an IBD Leaderboard action. Northrop is on IBD SwingTrader. And Livent was featured in this week’s Stocks near a buy zone column.

Dow Jones today: government interest rates, oil prices, inflation data

After Friday’s opening, the Dow Jones Industrial Average rose 0.2%, while the S&P 500 rose 0.8%. The technology-heavy Nasdaq rose 1.3% in morning trading.

Among exchange-traded funds, the Nasdaq 100 tracker climbed the Invesco QQQ Trust (QQQ) 1.1%. The SPDR S&P 500 ETF (SPY) rose 0.7%.

The 10-year government interest rate ticked down to 2.72% on Friday morning after closing on Thursday at 2.76%. On Tuesday, the 10-year government interest rate reached its lowest level since mid-April. Meanwhile, US oil prices fell less than 1%, with West Texas Intermediate oil trading below $ 114 a barrel.

Early Friday, core spending on personal consumption – the Federal Reserve’s preferred inflation indicator – rose 4.9% in April, slower than March’s 5.2% increase, which may signal price increases slowing.

Stock market rally

The major stock indices posted more positive action on Thursday, when the technology-heavy Nasdaq rose 2.7 percent.

Thursday’s The Big Picture column commented: “The stock market ended sharply higher on Thursday in bullish action that left the S&P 500 and Nasdaq compound on track to finally end a seven-week losing streak.”

If you are new to IBD, you should consider taking a look at the stock trading system and the basics of CAN SLIM. Recognizing chart patterns is a key to the investment guidelines. IBD offers a wide range of growth charts, such as Leaderboard and SwingTrader.

Investors can also create watch lists, find companies approaching a point of purchase, or develop custom monitors at IBD MarketSmith.

Five Dow Jones shares to see now

Dow Jones shares to see: Chevron, Merck

Dow Jones leader and energy giant Chevron is trading just above a flat base’s buying point of 174.86, according to the IBD MarketSmith chart analysis, after Thursday’s rise of 0.7%. The 5% buying zone tops at 183.60. The CVX stock fell a fraction on Friday.

The CVX stock has a perfect 99 IBD Composite Rating, according to the IBD Stock Checkup. Investors can use the IBD Composite Rating to easily measure the quality of a stock’s basic and technical calculations.

Merck, a Dow Jones and IBD SwingTrader stock, is back in the buying range past a cup-with-handle buy point of 89.58, as shares fell 1.5% on Thursday. The purchase area of ​​5% goes up to 94.06. The MRK share fell 0.5 percent on Friday morning.

The stock’s relative strength line reached a new high this week, a strong indicator of the stock market’s overperformance during the current stock market rally.

Four top growth stocks to see in timera stock market rally

Stocks to buy and watch: Livent, Eli Lilly, Northrop, WWE, ZIM

Lithium producer and Tesla supplier Livent broke past an early buying point of 29.68, rising 6.8% on Thursday. Meanwhile, the Livent stock continues to accumulate on the right side of a cupbase that has a conventional entry of 33.14. Keep an eye on a potential handle to offer a more risk-optimal entry. LTHM shares rose 3% on Friday morning.

Pharmaceutical giant Eli Lilly rose 2.1% on Thursday, approaching a flat base buying point of 314.10. An early buy trigger of 309.54 was also topped on Thursday. Eli Lilly shares fell 0.2 percent on Friday.

The IBD SwingTrader stock Northrop Grumman is only shy of a cup with a handle buying point of 477.36. The defense contractor also rises above a trend line within the handle. This early listing is at around 464. NOC shares fell 1% on Friday morning.

The IBD Leaderboard stock World Wrestling Entertainment is one of the best stocks to watch after it closed Thursday in the buying area above a flat base buyout point of 63.81. The purchase area of ​​5% goes up to 67.00. WWE shares rose more than 1% on Friday.

IPO Leader ZIM Integrated tracks a cupbase that has a buy point of 79.05. Shares are about 10% away from the correct point of purchase. Keep an eye on a handle to provide a more risk-optimal entry. ZIM shares rose 1% on Friday.

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

Tesla shares

Tesla shares rose 7.4% higher on Thursday, contributing to Wednesday’s 4.9% increase. The stock rose 3% Friday morning. The stock stays strongly below the 50- and 200-day moving averages.

The Tesla stock traded as high as 1,243.49 on November 4th. The shares are about 43% lower than the record.

Dow Jones executives: Apple, Microsoft

Among Dow Jones shares, Apple shares rose 2.3 percent on Thursday. The stock is still well below its long-term 200-day line. AAPL shares rose 1% on Friday.

Software leader Microsoft rose 1.3% on Thursday, but remains strongly below its 50- and 200-day lines. The stock closed about 24% of its 52-week high. MSFT shares rose 0.8% on Friday.

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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