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Home / Business / Stock Market, Dow Jones Sell Off; 2 Top Growth Stocks Hit Buys

Stock Market, Dow Jones Sell Off; 2 Top Growth Stocks Hit Buys



The major stock indexes were sharply lower in the morning trade Thursday, amid renewed fears of a slowing global economy. The Dow Jones industrial fell about 180 points in today's stock market. Dow Jones stock Walmart (WMT) shrugged off the heavy stock market losses, as trades nears a potential buy point. Social media giant Twitter (TWTR) faltered after its earnings results, while top growth stocks Match Group (MTCH) and Chipotle Mexican Grill (CMG) are breaking out above potential entries




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The tech-heavy Nasdaq composite declined 0.9%. The S&P 500 index fell 0.8%, while the Dow Jones industry dropped 0.7%. All three major stock indexes are near potential resistance areas, corresponding to their respective 200-day moving average lines. The Dow is just above that level, while the other two are below it. ( For updates on this story and other market coverage, visit the Stock Market Today page.)

Dow Jones Stocks: Walmart Stock Bucks Market Weakness

Among the Dow Jones stocks, Walmart stock was the top performer with a 0.7% gain. The discount retailer is approaching a cup with handle's 99.45 buy point, as it finds support near its 50-day line.

Meanwhile, Apple (AAPL) fell nearly 1%, as it looks to snap a six-day win streak. Since bottoming on Jan. 3 at 142, the iPhone maker rallied as much as 23.6% off that price.

Stock Market Earnings: Chipotle Soars, Twitter Sinks

Leaderboard stock Chipotle Mexican Grill reported strong quarterly earnings results late Wednesday, sparking 13% gain in morning trade. Chipotle is stocked with new highs and is extended from a double bottom's 501.08 buy point. The burrito maker is now clearing a high handle's 544 entry. Given the stock's powerful move, the stock's opening price of 568.42 can be used as a proper entry.

Twitter hit the street's Q4 estimates, but somewhat cautious revenue guidance disappointed investors. Twitter stock sold off nearly 10%, sending the stock back below its 50- and 200-day moving average lines.

Yum Brands (YUM) and Dunkin 'Brands (DNNN ) both dropped after their respective earnings releases before the stock market opens. Yum Brands undercut a recent flat base's 94.23 buy point with a near-2% fall – according to Market Smith chart analysis. Dunkin dropped 4% to fall below its 50-day line. The donut shop has a weak relative strength line, as it trades more than 15% off its 52-week high.

Top Growth Stocks To Watch: Match Group

Among the IBD 50 stocks, Match Group was breaking out above a 58.10 cup-base buy point in the current stock market. The 5% buy range tops out at 61.01. The company reported its quarterly results late Wednesday. Its Tinder dating app added 233,000 paid subscribers in Q4. Shares gained over 12%.

According to IBD Stock Checkup, Match Group has a 97 out of a highest-possible 99 IBD Composite Rating.

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