Dow Jones falls 200 points ahead of key inflation date; 6 Best Stocks to Buy and Watch

Dow Jones falls 200 points ahead of key inflation date;  6 Best Stocks to Buy and Watch
Written by admin

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average snapped a two-day winning streak on Monday. The six best stocks to buy and watch include hot IPO stocks Mobile (MBLY).


On Tuesday, the producer price index (PPI) is due out at 8:30 a.m. ET. PPI is expected to increase by 0.5% in October. previous month. Wholesale inflation is expected to increase by 8.3% compared to a year ago.

Third quarter earnings season This week continues with key reports from Dow Jones stocks Cisco Systems (CSCO), Home Depot (HD) and Walmart (WMT), together with Applied materials (he loved), Kohl’s (CSR), Lowe’s (DOWN), macy’s (M), Nvidia (NVDA), Palo Alto Networks (PANW) and target (TGT).

Stock Exchange Today

The Dow Jones Industrial Average was down 0.6%, or 211 points, and the S&P 500 was down 0.9% on Monday. The tech-heavy Nasdaq composite fell 1.1%.

between exchange traded fundsNasdaq 100 tracker Invesco QQQ Trust (QQQ) 0.9% and the SPDR S&P 500 (SPY) was 0.8%.

A giant electric car Tesla (TSLA) fell 2.6% on Monday. between Dow Jones stocks, apple (AAPL) fell by 0.4% and Microsoft (MSFT) lost 2.25% stock market today.

Among the best stocks to buy and watch, IBD Leaderboard stock Arista Networks (ANET), IBD SwingTrader stock General Motors (GM), GlobalFoundries (GFS), Mobileye and Phillips 66 (PSX) — also known as Dow Jones Caterpillar (CAT) — are among the best stocks to buy and watch.

Arista Networks is one IBD Leaderboard watch list stock and was also shown In last week’s Stocks Near Buy Zone column, along with three other top stock ideas. General Motors is one IBD SwingTrader stock. And Mobileye was released last week Head of IPO.

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

Today’s Dow Jones Futures: Treasury yields, oil prices

Dow Jones futures rose 0.3% ahead of Tuesday’s opening bell. fair value, while S&P 500 futures rose 0.4%. Tech-heavy Nasdaq 100 futures rose 0.5%. fair value. Don’t forget that it’s a one night stand Dow Jones futures and elsewhere does not necessarily become the actual trade on a regular basis Stock market session.

The 10-year Treasury yield rose to 3.86% on Monday, recovering a small portion of last week’s decline. Meanwhile, US crude fell more than 4% as West Texas Intermediate futures settled just above $85 a barrel.

IBD’s latest MarketDiem newsletter delivers 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 after the stock market trend has changed from “uptrend under pressure” to “confirmed uptrend”.

This is when it is important to be flexible. Despite the recent gains, investors should take a cautious stance by limiting exposure to no more than 40%. Wait for more confirmation of sustained power before adding more exposure. Immediate distribution would be a sign of remaining on the defensive.

If your recent stock purchases continue to move forward, then you should feel more confident about the stock market rally. But sharp reversals and losing trades will certainly be signs to keep more of your powder dry.

(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 Watch: Caterpillar

Dow Jones member Caterpillar is trying to break 238 of its cup base point of purchase, according to IBD MarketSmith pattern recognition. Caterpillar shares were flat on Monday.

CAT reserve has an impressive 97 out of a perfect 99 IBD Composite Rating by . IBD Stock Check.

Best stocks to buy and watch: Arista, GM, GlobalFoundries, Mobileye, Phillips 66

IBD Leaderboard Arista Networks shares struggled to break above 132.97 point of purchase on the back of a 2.1% increase on Monday. Shares briefly topped the entry before closing just below the entry.

Car manufacturer and IBD SwingTrader Shares of General Motors gave up a 40.20-buy point in the handle cup on Monday, down 2.8%. If the stock retraces the entry, the buy zone is upside at 42.21.

The last IBD stock of the day GlobalFoundries is about 1% away from a buy point of 66.06 on the cup base after rising 0.4% on Monday.

Head of IPO Mobileye broke above the 29.96 buy point on an IPO basis, according to IBD MarketSmith pattern recognition, but shares fell lower on Monday and are back below it. The 5% retracement zone will top out at 31.46.

Monday’s IBD 50 Stocks Watch optionPhillips 66 overhangs cup base with 110.08 handle. point of purchase. Shares were off on Friday, but gave up some of those gains on Monday. The stock is in a 5% buy zone, rising to 115.58.

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

Tesla shares

Tesla shares It fell 2.6% on Monday, snapping a two-day winning streak and erasing Friday’s gains.

Shares are more than 50% off their 52-week highs and sharply below their 50- and 200-day moving averages.

Dow Jones Leaders: Apple, Microsoft

between Dow Jones stocks, Apple shares fell 0.4% on Monday, but are still above their recently retraced 50-day line. The stock is down nearly 20% from its 52-week high.

Microsoft gave back all of Friday’s gains, falling 2% on Monday. Shares halted the session’s slide at the 50-day line. The software giant remains more than 30% off 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.


The best growth stocks to buy and track

How to Time the Market with IBD’s ETF Market Strategy

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

MarketSmith: Research, Charts, Data and Coaching All in One

How to Research Growth Stocks: Why This IBD Tool Makes Finding the Best Stocks Simple

About the author


Leave a Comment