Now is an important time to read IBD’s The Big Picture column after the stock market trend has shifted from a “confirmed uptrend” to a “stressed uptrend.”Īt this point, investors should play defensively Don’t let profitable businesses turn negative. These stocks could join the new leaders if the market can recover from its recent losses.Īlso Read : How agents can leverage TikTok to build business What to Do in a Distressed Stock Market Rally If the results look strong but the stock slides, investors may worry about the sustainability of growth, rising costs or other potential downsides.Īs the market is in rally mode, investors should track companies that easily hit earnings results and have strong negative reactions. The stock market’s reaction to an earnings release often tells you more than the earnings themselves. Strong earnings could fuel more top stocks and buy zones than new buy points, while a less impressive announcement could send shares below key support levels. Third-quarter earnings season continues this week, with more key reports coming out Disney (DIS), Double verify (DV), DR Horton (DHI), Occidental (OXY) and Roblox (RBLX).Įarnings reports can cause huge moves in stocks and require special attention. IBD’s latest newsletter MarketDiem brings you actionable ideas for stocks, options and crypto right in your inbox.
Last week, WTI futures hit their highest level since mid-October. Meanwhile, US oil prices fell nearly 1% as West Texas Intermediate futures traded near $92 a barrel. The 10-year Treasury yield rose to 4.21% on Monday, extending a winning streak to four sessions and closing at the highest level since Oct. Keep in mind that overnight action in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session. Albemarle is featured in this week’s Stocks Near a Buy Zone column, along with three other top stock ideas.Īlso Read : Biden predicts Democrat midterms win, says economy improvingĤ Top Growth Stocks to Buy and Watch R ent stock market rally Dow Jones Futures Today: Treasury Yields, Oil Pricesīefore the opening bell on Tuesday, Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were up about 0.1% versus fair value. In Dow Jones stocks, Apple ( AAPL ) rose 0.4% and Microsoft (MSFT) jumped 2.9% in today’s stock market.Īmong the top stocks to buy and watch, Albemarle (ALB), an IBD Leaderboard Watchlist stock Arista Networks (ANET), CF Industries (CF) and New Fortress Power (NFE) - as well as Dow Jones names Merck (MRK) and United Health Group (UNH) - One of the top stocks to buy and watch.Īrista Networks is an IBD Leaderboard Watchlist stock.
The EV giant Tesla ( TSLA ) skidded 5% on Monday. The tech-heavy Nasdaq Composite rose 0.85%.Īmong exchange-traded funds, Nasdaq 100 tracker Invesco QQQ Trust ( QQQ ) rose 1.1% and SPDR S&P 500 ( SPY ) rose 0.9%. On Monday, the Dow Jones Industrial Average advanced 1.3%, or more than 400 points, and the S&P 500 gained 1%. Consumer inflation is expected to increase by 8% per year.ĭiamondback Energy (Fang), Lift (LYFT), Mosaic (MOS) and Shockwave Medical ( SWAV ) key earnings reporters late Monday.įANG stock traded a fraction lower in extended trade, while Lyft shares fell more than 16%.
Democrats currently hold a slim majority in the House, with Vice President Kamala Harris holding the tiebreaking vote in the 50-50 Senate.ĭue to close on Thursday, the Consumer Price Index is expected to have risen 0.7% in October from the previous month. They appear to have the edge in winning the Senate, though it is far from clear. Republicans will almost certainly retake the House of Representatives in Tuesday’s midterm elections. Key inflation data, including the consumer price index, is due later in the week. Dow Jones futures were higher on Tuesday’s open and US election results.
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