Dow Jones futures were lower before Tuesday’s open after the Dow Jones Industrial Average rallied more than 400 points Monday. Tech titans Alphabet, Apple, Meta Platforms and Microsoft have earnings this week.
But first, Dow Jones stocks 3M (MMM) and Coca-Cola (KO) will report early on Tuesday. General Motors (GM), Halliburton (HAL), Raytheon Technologies (RTX) and UPS (UPS) will also be one of the keynote speakers on Tuesday morning.
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On Monday, the Dow Jones Industrial Average rose 1.3% and the S&P 500 rose 1.2%. The technology-heavy Nasdaq composite climbed 0.9%. And the small cap Russell 2000 rose 0.35%.
Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust ( QQQ ) rose 1.1% and the SPDR S&P 500 ( SPY ) added 1.2%.
Chinese stocks fell on Monday, as China’s Hang Seng Index fell 6.4%, closing at its lowest level since April 29, 2009. Continued Chinese leader Xi Jinping continues to strengthen his power, appointing many supporters to the most powerful decision-making body. after recording a third term against the treaties.
Alibaba (BABA) and Baidu (BIDU) fell more than 12% each. Daqo New Energy (DQ) dive almost 7%, and Li Auto (LI) fell 17%. And Pinduo (PDD) fell 24%.
Many EVs Tesla ( TSLA ) pared losses to 1.5% after hitting a new 52-week low. Among the Dow Jones stocks, Apple (AAPL) traded up 1.5% and Microsoft (MSFT) rose 2.1% in the market today.
AutoZone (AZO), Cardinal Health (CAH), Eli Lilly (LLY) and Texas Roadhouse (TXRH) – as well as Dow Jones stocks Chevron (CVX) and UnitedHealth (UNH) – is among the top stocks to buy and watch. Remember that a new stock market rally is the perfect time for investors to implement their watch list.
Cardinal and Texas Roadhouse are IBD Leaderboard stocks. Eli Lilly is an IBD SwingTrader stock. UnitedHealth was featured in this week’s Stocks Near A Buy Zone column, along with three other top picks.
4 Best Growth Factors to Watch In Current Marketing Advertising
Dow Jones Futures: Earnings, Oil Prices
Ahead of Tuesday’s opening bell, Dow Jones futures fell 0.3% vs. fair value, but S&P 500 futures lost 0.2%. Nasdaq 100 futures were down 0.1% vs. reasonable price. Note that the overnight activity in Dow Jones futures and other places does not translate into real trades in the next regular market announcement.
The 10-year Treasury yield rose to 4.23% Monday, settling at its highest level since June 2008. Meanwhile, U.S. oil prices fell on Monday, resting after three days of victory. West Texas Intermediate futures traded near $85 a barrel.
Q3 Income Season: Alphabet, Apple, Meta, Microsoft to Report
Third-quarter earnings season gets underway this week, with key announcements coming from tech titans Alphabet (GOOGL), Apple (AAPL), Meta Platforms (META) and Microsoft (MSFT).
Results from Boeing (BA), Chevron, Merck and Visa (V) should also go throughout the week.
Earnings reports cause the most movement in stocks, and they require special attention. Strong earnings can drive top sales to unprecedented levels – and above new sales – while a non-marketing campaign Complacency can cause shares to fall.
The stock market’s reaction to an earnings release often tells you it’s better than the earnings. If results look strong but the stock is still slipping, investors may be concerned about sustaining growth, rising prices or other disadvantages.
With the market trying to rally, investors should keep an eye on companies that are beating earnings results and gaining momentum. They can become market leaders if the market can recover.
What to do with the new marketing campaign
Despite the recent gains, now is not the time to jump into the market with both feet, but to take a measure. Exposure should be limited to a maximum of 20% of the portfolio for most investors. Aggressive investors should stay below 40% exposure until the market starts to justify itself.
Now is an important time to read IBD’s The Big Picture column. After Friday’s strong gains, investors will want to use their watch lists, so they can jump on the future. But not everything that is followed is useful, so it is important to expand the presentation and use it, as confirmed by the new move up.
If the uptrend is real and meaningful, there will be plenty of time to make money in a successful way. At this time, it is important to be disciplined in the development of information while strengthening the new market structure.
Five Dow Jones Stocks to Watch Now
Dow Jones Stocks to Watch: Merck, UnitedHealth
A member of the Dow Jones and IBD 50 stocks of Merck are breaking behind the double bottom trading at 93.12, according to the IBD MarketSmith indicator model. The stock rose 1.8% Monday, finishing in the 5% buying area to reach 97.78. Third quarter earnings results are due the Thursday before the opening bell.
Health care major UnitedHealth is close to selling 553.23 a cup and a half, according to the IBD MarketSmith indicator model. Shares rallied 1.5% Monday, close to the stock’s most recent announcement.
Top Retailers to Watch: AutoZone, Cardinal, Eli Lilly, Texas Roadhouse
Auto sector leader and recent IBD Stock Of The Day AutoZone is moving past the 2,362.34 plate trade, down 4.6%. high on Monday. The 5% bounce zone goes to 2,480.46.
IBD Leaderboard stock Cardinal Health is trading behind a short 71.22 entry, according to IBD MarketSmith research chart. The stock is also breaking behind the 72.38 buy-back. Revenue is projected for Nov. 4.
IBD SwingTrader stock Eli Lilly closed higher in trading behind a record 335.43 shares, up 2.1% Monday.
Texas Roadhouse is trying to regain a record high of 95.52 after last week’s short run. Shares finished Monday higher than the stock. Payment is due on Thursday.
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Tesla’s stock fell 7.4% Monday before paring losses to 1.5% after it cut prices for its Model 3 and Model Y vehicles by up to 9% in China. The stock hit its lowest level since June 2021.
The stock closed about 49% off its 52-week high.
Dow Jones Leaders: Apple, Microsoft
Among the Dow Jones stocks, Apple shares gained 1.5% Monday and are about 18% from their 52-week high. Despite a recent rally, the stock remains below the 50- and 200-day lines. Apple’s earnings are down for Thursday after.
Microsoft rose 2.1% Monday, rising for the second day. The stock is in recovery mode after falling to a 52-week low on October 13. The stock is still around 30% from its 52-week high. Microsoft’s earnings are due late on Tuesday.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more information on growth stocks and the Dow Jones Industrial Average.
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