Dow Jones futures were lower ahead of Tuesday’s open after the Dow Jones industrial average rose more than 400 points on Monday. Tech titans Alphabet, Apple, Meta Platforms and Microsoft all had earnings this week.
But first, Dow Jones stocks 3M (Hmmm) and Coca Cola (KO) will report early Tuesday. General Motors (GM), Halliburton (CASE), Raytheon Technologies (RTX) and UPS (UPS) will also be among the main reporters on Tuesday morning.
Stock Market Today: Chinese Stocks Are Taking Off
The Dow Jones Industrial Average rose 1.3% and the S&P 500 rose 1.2% on Monday. The technically heavy Nasdaq composite rose 0.9%. The small-cap Russell 2000 rose 0.35%.
between exchange traded fundsNasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1.1% and the SPDR S&P 500 (SPY) increased by 1.2%.
Chinese stocks fell on Monday as China’s Hang Seng Index fell 6.4% to close at its lowest level since April 29, 2009. Chinese leader Xi Jinping continued to strengthen his powerappointing a number of supporters to the party’s most powerful decision-making body after securing an unconventional third term.
Alibaba (baby) and Baidu (BIDU) each lost more than 12%. Dago New Energy (DQ) sank about 7% and Lee Auto (LI) decreased by 17%. And Pinduoduo (PDD) 24% crashed.
The EV giant Tesla (TSLA) pared losses to 1.5% after hitting a new 52-week low. between Dow Jones stocks, apple (AAPL) increased by 1.5% and Microsoft (MSFT) rose 2.1% stock market today.
AutoZona (AZO), Cardinal Health (CAH), Eli Lilly (LLY) and Texas Roadhouse (TXRH) — also Dow Jones stocks Chevron (CVX) and UnitedHealth (UNH) — are among the best stocks to buy and watch. Keep in mind that a new stock market rally is the perfect time for investors to launch their watch lists.
Located at Cardinal and Texas Roadhouse IBD Leaderboard stocks. Eli Lilly is one IBD SwingTrader stock. UnitedHealth was demonstrated this week Stocks Close to Buy Zone columnalong with three other top stock ideas.
4 Best Growth Stocks to Watch on Current Stock Market Rally
Today’s Dow Jones Futures: Treasury yields, oil prices
Dow Jones futures fell 0.2% ahead of Tuesday’s opening bell. fair value, S&P 500 futures also lost 0.2%. Nasdaq 100 futures fell 0.25%. 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.
The 10-year Treasury yield rose to 4.23% on Monday, the highest level since June 2008. Meanwhile, US oil prices fell on Monday, taking a break from a three-day winning streak. A barrel of West Texas Intermediate futures was bought at around $85.
Q3 Earnings Season: Alphabet, Apple, Meta, Microsoft To Report
Third quarter earnings season is rolling out this week with key reports from tech titans Alphabet (GOOGLE), apple (AAPL), Meta platforms (TARGET) and Microsoft (MSFT).
Results Boeing (BA), Chevron, Merck and visa (v) should also be out within the week.
Earnings reports drive many of the biggest moves in stocks, and they warrant special attention. Strong earnings can propel top stocks to previously untouched levels — and above new buy points — while a less impressive announcement can send stocks tumbling.
The stock market’s reaction to earnings announcements can often tell you more than the earnings themselves. If results look strong but the stock slips anyway, investors may worry about the sustainability of growth, rising costs or other potential downsides.
With the market in rally-attempt mode, investors should watch for companies that easily beat earnings results and have strong negative reactions. If the market can rise again, they can be among the leaders of the stock market.
What to Do in a New Stock Market Rally
Despite recent gains, this is not the time to jump aggressively back into stocks with both feet, but take a measured approach. For most investors, risk should be limited to a maximum of 20% of the portfolio. Aggressive investors should stay below 40% until the market starts to prove itself.
Now is an important time to read IBD’s Big Picture column. After Friday’s strong earnings, investors are looking to launch their select watchlists to jump on future breakouts. But not all chases work, so it’s important to increase exposure slowly and methodically as a new uptrend establishes itself.
If the promotion is real and meaningful, there will be enough time to make money with successful performances. Right now, it’s important to be disciplined in increasing exposure as the new stock market rally gains momentum.
Five Dow Jones Stocks to Watch Now
Dow Jones Stocks to Watch: Merck, UnitedHealth
Member of Dow Jones and IBD 50 shares Merck breaks its past double bottom93.12 point of purchase, according to IBD MarketSmith pattern recognition. Shares closed 5% overbought territory on Monday, rising 1.8% to 97.78. Third-quarter earnings results are due before the opening bell on Thursday.
Healthcare giant UnitedHealth is nearing 553.23. point of purchase, according to IBD MarketSmith pattern recognition. Shares closed up 1.5% on Monday in the stock’s last entry.
Top stocks to watch: AutoZone, Cardinal, Eli Lilly, Texas Roadhouse
Auto parts leader and Last IBD Stock of the Day AutoZone trailed the 2,362.34-buy point of its cup base, racing 4.6% higher on Monday. 5% follow-up zone rises to 2,480.46.
IBD Leaderboard Shares of Cardinal Health are in buy range after crossing 71.22. IBD MarketSmith chart analysis. Shares also crossed the flat base’s 72.38 buy point. Profit is scheduled for November. 4.
IBD SwingTrader Shares of Eli Lilly rose 2.1% on Monday, crossing the flat base’s 335.43 buy point to close further into a buy range.
Texas Roadhouse is trying to regain the 95.52 buy point of the flat base after a short break last week. Shares finished slightly above Monday’s entry. Earnings are on Thursday.
Join IBD’s experts as they analyze the leading stocks in the current stock rally on IBD Live
Tesla shares In China, it fell as much as 7.4% on Monday before paring losses to 1.5% after prices of Model 3 and Model Y vehicles fell as much as 9%. Shares hit their lowest level since June 2021.
Shares closed about 49% below their 52-week high.
Dow Jones Leaders: Apple, Microsoft
between Dow Jones stocks, Apple shares rose 1.5% on Monday, about 18% off their 52-week high. Despite the recent rally, the stock remains below the 50- and 200-day lines. Apple earnings are found after the close on Thursday.
Microsoft rose 2.1% on Monday, a second straight day of gains. The stock is in rebound mode after hitting a 52-week low in October. 13. The software giant remains about 30% below its 52-week high. Microsoft’s earnings are due late Tuesday.
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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