Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were slightly higher late Monday. Tesla shares have made an upgrade for analysts, while tech giants Nvidia, Square, Uber and Twitter are approaching new buying points.
X
On Monday, the technically heavy Nasdaq compound fell 0.4%. The S&P 500 fell less than 0.1%, while the Dow Jones Industrial Average fell 0.2%.
Among the Dow Jones leaders, appeal (AAPL) decreased by 1.3% on Monday, while Microsoft (MSFT) has risen higher in today’s stock market. Boeing (BA) is back in the buying range after the losses last week.
Tesla (TSLA) jumped 3.7% on Monday and fell back from Friday’s decline of 1%.
Among the top stocks to buy and look at is IPO leader Roblox (RBLX) broke past an early buying point on Monday Nvidia (NVDA), Square (SQ), Twitter (TWTR) and Uber Technologies (UBER) approaches new entries.
Boeing and Microsoft are IBD Leaderboard shares, while Uber is an IBD SwingTrader share. Roblox and Square appear in this week’s Stocks Near A Buy Zone column.
Dow Jones Futures Today
After the stock market closed on Monday, Dow Jones futures along with S&P 500 futures and Nasdaq 100 futures rose less than 0.1% to fair value. Remember that trading Dow Jones futures and elsewhere is not necessarily translated into stocks in the next regular session.
US stock market overview today |
||||
|---|---|---|---|---|
| Index | Symbol | Price | Profit / loss | % Change |
| Dow jones | (0DJIA) | 33745.86 | -54.74 | -0.16 |
| S&P 500 | (0S & P5) | 4128.10 | -0.70 | -0.02 |
| Nasdaq | (0NDQC) | 13850.00 | -50.18 | -0.36 |
| Russell 2000 | (IWM) | 221.88 | -0.71 | -0.32 |
| IBD 50 | (FFTY) | 45.58 | +0.06 | +0.13 |
Last updated: 16:30 ET 4/12/2021 |
||||
On Sunday, Fed Chairman Jerome Powell said: “I think it’s highly unlikely that we will increase rates like this year,” in an interview with Scott Pelley, CBS journalist “60 Minutes”.
Powell also noted that vaccinations and federal stimulus have significantly brightened the economic outlook. He added that the economy was at a “turning point” and that it would start growing much faster.
In a downward note for investors, he also claims that “some asset prices are too high.”
The ten-year treasury yield briefly reached 1.68% early Monday before closing just above 1.67%, according to the CBOE.
Among the exchange-traded funds, the Innovator IBD 50 (FFTY) traded 0.1% on Monday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) lost 0.1%. Meanwhile, the SPDR S&P 500 ETF (SPY) has risen higher.
Stock market rally: Dow, S&P hit new highs
Amid the current rise in the stock market, the Dow Jones Industrial Average and S&P 500 climbed to new highs on Friday before easing on Monday.
Meanwhile, the technology Nasdaq is just sitting at its highest point amid the recent strength of the index.
Friday’s big picture said: ‘The distribution day score has been cleared due to Friday’s gains. The distribution days for the S&P 500 on March 18 and 23 were removed because the index rose more than 5% of the closing price in each of the countries. days. The Nasdaq distribution day on March 23 was removed for the same reason. “
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Dow Jones shares: Boeing
Within the Dow Jones industrial average, Boeing is again in the buying range above a 244.18 buy point in a cup base. The 5% buy range rises to 256.39.
On Monday, shares fell more than 1% to 249.52 and are about 2% above the entry.
Shares to buy: Roblox
IBD Leaderboard share Roblox approaches an IPO base’s 79.20 buy point, according to the IBD MarketSmith chart analysis. Shares also climbed above an aggressive entry at 72.96 amid the 4.4% advance on Monday.
According to Leaderboard’s comments: “Roblox forms an IPO base, but stays far from the buying point. He cleared an aggressive buying point at 72.96 and is above it.”
Five Flashing Stocks Buy Signals; Tesla Faces Key Test
Shares to watch: Nvidia, Square, Twitter, Uber
Graphic chipmaker Nvidia is still moving to the right of a new mug base, offering a 615 point of sale. Shares are down just 1% from the new buy point amid the 5.6% gain on Monday.
Square rose 1.4% on Monday, extending a winning streak to nine days. Shares are approaching a buy point of 283.29 in a cup base. Last week, square shares broke above a trend line entry around 242.
According to IBD Stock Checkup, Square stock has a perfect 99 IBD Composite Rating. The IBD Composite Rating helps investors measure the quality of the fundamentals and technical benchmarks of a stock.
Social media leader Twitter is unveiling a new cup base offering a buying point of 80.85. Look out for a potential handle to offer a lower access.
Shares decreased 0.4% on Monday, contributing to the slight loss on Friday. The stock is down about 13% from the new entry.
Uber Technologies is preparing a consolidation with a buying point of 64.15. Shares are also approaching early at 61.12.
The stock jumped more than 3% on Monday after Uber reported a gross booking for March. The company reported an annualized interest rate of $ 30 billion, up 9% from the previous month.
“As vaccination rates in the United States rise, we see that consumer demand for mobility is recovering faster than drivers’ availability, and consumer demand for delivery continues to exceed courier availability,” the company said. “We still believe that Uber is on track to achieve quarterly adjusted EBITDA profitability in 2021.”
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Tesla Stock
Tesla stock rose 3.7% on Monday after Jed Dorsheimer of Canaccord Genuity upgraded the Tesla stock to buy and raised its price target to 1,071, one of the highest on Wall Street, from 419. Dorsheimer predicted that the energy generation and storage business would accelerate 25% to $ 8. billion in revenue by 2025.
The EV giant was Monday’s IBD Stock Of The Day.
Shares in Tesla regained their most important ten-week moving average, a critical resistance level, for the first time since the end of February. Tesla is forming a new base, but it’s still too early for a new risk-optimal buying point. If the stock is able to definitely win its 50-day line, an aggressive entry could emerge.
On January 25, Tesla shares reached a record high of 900.40, after climbing to 93% from a 466 buy point in a cup with handle.
Dow Jones Leaders: Apple, Microsoft
Among the top Dow Jones shares, Apple fell 1.3% on Monday, reaching its seven-day winning streak.
Apple shares are coming back from its 40-week line and again above the 10-week line. On February 18, Apple shares implemented the 7% -8% loss-cutting selling rule when it fell more than 7% below its 138.89 buy point in a handle with a handle.
Software giant Microsoft rose 0.1% on Monday. Microsoft trades at the top of the 5% buying range past a flat base’s 246.23 buying point which is on top of 258.54.
Follow Scott Lehtonen on Twitter @IBD_SLehtonen for more information on growth stocks and the Dow Jones industrial average.
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