Dow Jones futures fell slightly in long-term trading after the Dow Jones Industrial Average rose 254 points on Monday. IBD stock today Etsy (ETSY) and Security Leader Axon Enterprise (Axon) are both breakouts today and are two of the top 10 stocks to buy and watch as the stock market continues its rally.
Economic data, financial statements
On the economic front, this week’s data includes preliminary January manufacturing and services PMIs from researcher Markit on Tuesday, fourth-quarter GDP estimates from the Department of Commerce on Thursday, and weekly unemployment data from the Department of Labor. Includes insurance claims and December new home sales. Census Bureau. Finally, Friday’s inflation data concludes with the Department of Commerce’s PCE price index.
This week’s top earnings include members of the Dow Jones american express (AXP), Boeing (Bachelor), chevron (CVX), IBM (IBM), intel (INTC), Johnson & Johnson (JNJ), microsoft (MSFTMore), Traveler (TRVs), Verizon Communications (VZ) When visa (Ⅴ).
stock market today
The Dow Jones Industrial Average rose 0.8% and the S&P 500 gained 1.2% on Monday. The Nasdaq Composite of tech stocks rose 2%.in Forex trading fundNasdaq 100 Tracker Invesco QQQ Trust (QQQ) rose 2.2% and the SPDR S&P 500 (spy) increased by 1.2%.
Axon Enterprise, Etsy, IBD leaderboard stock Fluor (FLRMore), Recent IBD Stocks Today medpace (MEDP), monster beverage (MNST) When Vertex Pharmaceuticals (VRTX) — also named Dow Jones caterpillar (Cat), chevron (CVX), JP Morgan Chase (JPM) When visa (Ⅴ) — one of the top stocks to buy and watch as the market continues its recent rally.
Dow Jones Futures Today: Oil Prices, US Treasury Yields
Dow Jones futures edged lower versus fair value, while S&P 500 futures fell 0.1% ahead of Tuesday’s opening bell. Tech-heavy Nasdaq 100 futures also fell 0.1% against 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 US Treasury yield rose to 3.52% on Monday, marking its third consecutive rise. Still, 10-year yields are expected to recover after falling for three straight weeks and reaching their lowest level since mid-September.
US oil prices erased Monday’s solid gains. West Texas Intermediate futures fell below last week’s high of $82 a barrel.
What to do with the ongoing stock market rally
Now is the important time to read a book IBD’s The Big Picture column The stock market is trending in a ‘confirmed uptrend’ amid strong gains in recent sessions.
With more promising action kicking off this week, it makes sense for investors to have between 40% and 60% market exposure. However, given the dangerous environment, be prepared to reduce this to 20% to 40% should the bears regain the upper hand.
Dow Jones stocks to buy and watch: Caterpillar, Chevron, JP Morgan, Visa
Caterpillar returned outside the buy range above the 239.95 buy point on a flat base after gaining 1.2% on Monday. The 5% buy area moves up to 251.95.
Energy giant Chevron closes out the right side of the cup base with a buy point at 189.78. IBD MarketSmith Pattern Recognition. Note the handle that offers lower entry. Chevron’s fourth quarter earnings are due to be released on Friday.
Banking giant JP Morgan is about 1% below its 138.76 flat base buy point after last week’s breakout attempt. IBD Marketsmith chart analysis. Shares on Monday he rose 1.6%.
Payments leader Visa is trading in a buy range above the buy point of 220.08 handles in a long pattern. The 5% buy area moves up to 231.08. The company’s first-quarter results are due to be released on Thursday.
Top stocks to buy and watch: Axon, Etsy, Fluor, Medpace
Security leader Axon attempted to break above the buy point of 189.72 on Monday in the cup with handles, but closed just below the entry. axon strain strong Overall IBD ratingper IBD stock checkupThe ratings help investors easily identify the top stocks to watch using strong fundamentals and technical metrics.
Etsy broke the buy point of 137.01 on cups with handles, up 5.5% on Monday and closed at the 5% buy area rising to 143.86.
IBD Leaderboard Strains Fluor is about to break the buy point of 36.16 on a flat basis and is at entry following Monday’s 0.1% gain. The 5% buy zone tops out at 37.97 if the stock re-enters.
Medpace beats the consolidation buy point at 235.82 and ends in the buy zone at 247.61. In recent weeks, the stock has outperformed its initial entry of 220.09. The company’s financial results are scheduled for February 13.
Monster, vertex trace flat base
Monster Beverage is well below the 50-day line after last week’s drop. The stock is tracing a flat base at the buy point at 104.75, about 4% off entry.
IBD stock price today on WednesdayVertex Pharmaceuticals is approaching the buy point of 324.85 on a flat basis after pulling back the 50-day line bullishly last week.
tesla stock It rose 7.7% on Monday to close at its highest level since December 19th. Despite the recent rally, the stock remains well below his 50-day line and his 200-day line. Tesla shares closed down about 63% on Monday from their 52-week high.
Tesla’s earnings are expected to be released after the close of trading on Wednesday. The EV giant is expected to earn $1.15 per share on earnings of $24.6 billion.
Dow Jones Leaders: Apple, Microsoft
in dow jones stock, Apple shares rose 2.35% on Monday, decisively retracing the 50-day line that has been trading since mid-December. The stock remains about 21% off its 52-week high. Apple will announce its quarterly results on February 2nd.
Microsoft shares rose 1% on Monday, just above the 50-day line, which saw strong resistance last week. A more decisive retake would be bullish for the stock’s outlook, even if the stock remains 23% off its 52-week high.
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