Home Investing Dow Jones Surges 550 Points, But This Key Signal Missing; Netflix, Tesla Earnings On Deck

Dow Jones Surges 550 Points, But This Key Signal Missing; Netflix, Tesla Earnings On Deck

by admin
0 comment

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average surged more than 550 points on Monday. It’s a schedule.


But first, Dow Jones stock goldman sachs (GS) When Johnson & Johnson (JNJ) will report early on Tuesday.

Stock Market Today: Bank Of America, Charles Schwab Earnings

The Dow Jones Industrial Average rose 1.9% on Monday while the S&P 500 gained 2.65%. The Nasdaq Composite of tech stocks rose 3.4%. Also, the small-cap Russell 2000 rose 3.2% on him.

in Forex trading fundsNasdaq 100 Tracker Invesco QQQ Trust (QQQ) rose 3.3% and the SPDR S&P 500 (spy) increased by 2.5%.

bank of america (BACs) When Charles Schwab (Shu) reported quarterly results on Monday morning. BAC strain rose 6.1%, while charles schwab strain Sold at 2.25%.

EV giant Tesla (TSLA) raced 7% higher and rebounded from Friday’s big skid.in dow jones stock, apple (AAPL) increased by 2.9% and microsoft (MSFTMore) increased by 3.9%. stock market today.

auto zone (Azo), cardinal health (CAH), Molina Healthcare (Moe) When Vertex Pharmaceuticals (VRTX) — similar to Dow Jones stocks chevron (CVX) When Merck (MRK) — one of the stocks to watch. Keep in mind that the ongoing stock market correction is a time for investors to sit on the sidelines and build watchlists of top growth stocks.

Cardinal Health and Vertex IBD leaderboard stock.Merck and Molina Healthcare Featured In this week’s “Stocks Close to the Buy Zone” column, you’ll find two more top stock ideas.

4 top growth stocks to watch right nowrent stock market correction

Dow Jones Futures Today: Treasury Yields, Oil Prices

Dow Jones futures were up 1.6% and S&P 500 futures were up 1.9% before the open on Tuesday. Nasdaq 100 futures rose 2.1% to fair value.remember the night action dow jones futures Elsewhere, it doesn’t necessarily translate into the next regular real deal stock market session.

The 10-year Treasury yield climbed to 4.01%, closing above 4% for the second time in a row. Meanwhile, US oil prices continued their decline after Friday’s crash, falling slightly on Monday. West Texas Intermediate futures traded below $86 a barrel.

Earnings in the third quarter Season

Q3 earnings season This week heats up and an important report Lockheed martin (LMT), netflix (NFLX), Procter & Gamble (PG), Traveler (TRVs), Alcoa (AA), IBM (IBM), Tesla, american express (AXP) When Verizon Communications (VZ), along with many other prominent companies.

Earnings calls trigger many of the biggest movements in stocks and deserve special attention. Robust earnings could propel the top stocks to previously untouched levels and surpass new buy points.

The stock market’s reaction to earnings announcements often tells us more than the results themselves. If results look good but stock prices fall, investors may be concerned about the sustainability of growth, rising costs, or other potential downsides.

With the market in rally try mode, investors should follow companies that easily outperform earnings results and show strong upside reactions. If the market can recover, they have the potential to become stock market leaders.

What to do in the stock market today: look for this important signal

Despite Monday’s big gain, the market trend is still correcting amid a sharp drop in recent sessions. Investors continue to look for the follow-through date, a key signal that can upgrade the market trend to a solid uptrend. The Nasdaq and S&P 500 could trigger a trend reversal day as early as Tuesday (his fourth day of the current rally trial). IBD’s trend is a ‘market correction’, and investors are safer on the sidelines.

Now is the perfect time to build Powerful watchlist of top performer stocks. Many long-term leaders tend to breakout at or near the follow-through date, which signals the market bottoming out. Missing out on that early opportunity can be a costly mistake.

Friday’s The Big Picture column Comment: “Technically speaking the rally attempt is intact, but the reversal lowers the odds for the bullish follow through. of 21-day exponential moving average With stiff resistance continuing, this is where investors should watch when buyers come back. ”

5 Dow Jones stocks to watch right now

Dow Jones Stocks to Watch: Chevron, Merck

Energy giant Chevron continues to consolidate above the 50-day line, building a base that points to a buy point at 182.50. Early entry at 166.93 is also valid. Chevron shares rose 0.7% on Monday.

Proud of CVX Stock Strong 98 out of perfect 99 Overall IBD ratingper IBD inventory inspection. Investors can easily assess the quality of a stock’s fundamental and technical indicators using the IBD Composite Rating.

with Dow Jones members 50 strains of IBD Merck is breaking through the past double bottomof 93.12 point of purchase, according to IBD MarketSmith Pattern RecognitionThe stock rose 2.1% on Monday, above the buy point. Bear in mind that the ongoing market correction is reason to sit on the sidelines. But stocks are showing signs of unusual strength. of relative lines of force It hit a new high last week. The company’s third quarter results will be announced before the opening bell on October 27th.

Top Stocks to Watch: AutoZone, Cardinal, Molina, Vertex

Auto parts leader and Recent IBD Stocks Today AutoZone is about 3% away from the cup-based 2,362.34 bye points. Watch out for potential handles offering lower entries. AutoZone shares rose 1.5% on Monday.

IBD leaderboard Equity and medical leader Cardinal Health forms a flat base with a buy point of 72.38. IBD Marketsmith chart analysis. His fiscal year is November 4th.

Molina Healthcare closed just 2% below the 361.35 buy point on a flat basis on Monday. The RS line of stocks hit new all-time highs last week, confirming that healthcare stocks are the leaders to watch.

Biotech leader Vertex Pharmaceuticals continues to build flat base with buy points at 306.05 and early entries at 296.90. Its RS line has made new all-time highs in recent sessions. This is a sign of significant stock market outperformance.

netflix earnings

Netflix’s earnings are expected to be announced after the stock market closes on Tuesday. The streaming giant’s adjusted EPS is expected to fall 33% to $2.14, while revenue is expected to be $7.83 billion.

Netflix stock is building a double bottom base with a buy point of 250.49 points. The stock is down about 65% from his 52-week high.

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

tesla stock

tesla stock Monday surged 7%, nearly erasing Friday’s 7.55% plunge. On Friday, the stock closed at its lowest level since June 2021.

The EV giant’s third-quarter results are due late Wednesday. Tesla is expected to earn $1.01 per adjusted share on sales of $22.1 billion.

Dow Jones Leaders: Apple, Microsoft

in dow jones stock, Apple shares rose 2.9% on Monday, rebounding from a 3.2% plunge on Friday. Still, the stock is down about 23% from his 52-week high and is below the 50-day and 200-day lines.

Microsoft rose 3.9%, continuing its rebound from last week’s 52-week low. The software giant is about 32% away from its 52-week high.

Apple’s fiscal year ends on October 27th, and Microsoft’s fiscal year ends on October 25th.

Follow Scott Lehtonen on Twitter. @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average here.

You may also like:

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 IBD long-term leaders

MarketSmith: Surveys, charts, data and coaching all in one place

How to Research Growth Stocks: Why This IBD Tool Simplifies Your Search for Top Stocks

You may also like

Copyright ©️ All rights reserved. | Investors Radar