Dow Jones ahead of inflation data by 500 points; Fed Meeting; Tesla stock is close to 2022

Dow Jones ahead of inflation data by 500 points;  Fed Meeting;  Tesla stock is close to 2022
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Dow Jones futures were lower ahead of Tuesday’s open after the Dow Jones industrial average rose 528 points on Monday. On Monday, Tesla shares fell more than 6% to hit a 2022 low.


Inflation Data, Fed Meeting

Consumer inflation data is due out on Tuesday morning. According to Econoday estimates, the CPI is expected to rise 0.3% for November and 7.3% year-over-year. In addition, the next Federal Reserve Policy meeting takes place on Tuesday and Wednesday.

Although the Fed is already forecasting a 50 basis point hike, investors will be looking for further guidance on the Fed’s plans. A reversal from aggressive tightening seems unlikely, but some respite from punishing rate hikes would be welcome. according to CME’s FedWatch tooltraders are giving a 74% chance for a rate hike of 50 basis points.

The 10-year Treasury yield rose to 3.61% on Monday.

late monday Oracle (ORCL) rose 3% after the company’s earnings and sales figures beat analysts’ estimates. This week includes more earnings reports Darden Restaurants (DRI) and Lennar (LEN).

Stock Exchange Today

The Dow Jones Industrial Average rose 1.6%, or 528 points, and the S&P 500 rose 1.4% on Monday. The tech-heavy Nasdaq composite followed with a 1.3% gain. between exchange traded fundsNasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1.3% and the SPDR S&P 500 (SPY) increased by 1.4%.

A giant electric car Tesla (TSLA) fell 6.3% on Monday. between Dow Jones stocks, apple (AAPL) rose 1.6% and Microsoft (MSFT) increased by 2.9% per year stock market today.

Allegro MicroSystems (ANYTHING), IBD Leaderboard stock Dexcom (DXCM), QLA (KLAC) and Trane Technologies (TT) — as well as Dow Jones names Caterpillar (CAT), Home Depot (HD) and UnitedHealth Group (UNH) — are among the best stocks to buy and watch.

Dexcom and Trane IBD Leaderboard stocks. UnitedHealth was demonstrated this week Stocks Close to Buy Zone column. Allegro was new IBD 50 Stocks to Watch. Caterpillar and Dexcom were new IBD Stock of the Day companies.

4 Best Growth Stocks to Buy and Watch on Current Stock Market Rally

Dow Jones Futures Today: Oil Prices

Dow Jones futures fell 0.1% ahead of Tuesday’s opening bell. fair value, while S&P 500 futures fell 0.2%. Technically heavy Nasdaq 100 futures fell 0.3%. fair value. Remember that it’s an overnight move Dow Jones futures and elsewhere does not necessarily become the actual trade on a regular basis Stock market session.

US oil prices rose more than 3% on Monday, rising from annual lows. West Texas Intermediate futures traded just above $73 a barrel.

IBD’s latest newsletter, MarketDiem, brings you actionable ideas for stocks, options and cryptocurrencies straight to your inbox.

What to Do in a Stock Market Rally

Now is an important time to read IBD’s Big Picture column with the stock market trend, the “confirmed uptrend” is back.

Although the Nasdaq and S&P 500 indexes remain up, defense is still better than offense due to continued market volatility. This means it’s good to look for stocks to buy, but keep positions small to begin with while keeping your overall exposure light.

What kind of feedback do you get from the market when it comes to new purchases? Are your latest purchases making serious progress? In this case, it is better to give them some space. But if the profit is at least 10%, do not be afraid to take a partial profit. If the new buys go the wrong way or sell immediately, when the stock falls 3% to 4%, cut losses instead of waiting. 7-8% rule to trigger

(Check IBD Stock Lists whom IBD 50 and Stocks close to the buy zonefor additional fund ideas.)

Five Dow Jones Stocks to Buy and Watch Now

Dow Jones Stocks to Buy and Watch: Caterpillar, Home Depot, UnitedHealth

Dow Jones member Caterpillar’s cup base is approaching 238 point of purchase, according to IBD MarketSmith pattern recognitionAfter Monday’s 2.5% gain. CAT reserve showing a solid 95 out of a perfect 99 IBD Composite Rating for IBD Stock Check.

Home improvement retailer Home Depot ended the session less than 1% below its 329.77 buy point on the handle glass after advancing 2.3% in the session.

Healthcare giant UnitedHealth Group is tracking a flat base with a 558.20 buy point. Shares are just 2% away from Monday’s last entry.

Best stocks to buy and watch: Allegro, Dexcom, KLA, Trane

Allegro MicroSystems ended in a buy range past a cup with a 32.07 buy point on the handle after a modest day’s gain on Monday. ALGM shares rose 0.1% on Monday. And the 5% chase zone rises to 33.67.

IBD Leaderboard stock Dexcom tried to break the 123.46 buy point on a flat base, but is about 5% lower than the entry after recent losses. Dexcom shares rose 0.3% on Monday.

Chip leader KLA is moving further above a cup with a 392.60 entry, which it will hold after Monday’s 1.9% advance. The bull continues to make new highs in ongoing market volatility, a line of relative strength.

Trane Technologies ended about 4% below a 181.72 buy point on a cup handle after a modest session decline on Monday.

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

Tesla shares

Tesla shares It slipped 6.3% on Monday, giving up all of Friday’s gains and retreating back towards its recent lows.

In recent weeks, TSLA shares have hit their lowest level since November. 23, 2020, it hit a new 52-week low of 166.19. Shares closed Monday at 167.82, about 58% below their 52-week high.

Dow Jones Leaders: Apple, Microsoft

between Dow Jones stocks, Apple shares rose 1.6% on Monday, but are still below their 50-day line after last week’s losses. The stock is down more than 20% from its 52-week high.

Microsoft rose 2.9% on Monday as shares continued to hold above the 50-day line. The software giant remains about 27% below its 52-week high.

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


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