The Dow Jones industrial average averaged more than 225 points on Thursday, when Apple began to recover again due to the sell-off on Wednesday. Nvidia regained a buying point while Tesla shares and the Coinbase stock market jumped on the stock market.
X
Among the Dow Jones leaders, appeal (AAPL) rose 2% on Thursday, while Microsoft (MSFT) rose 1.4% in today’s stock market.
Dow Jones stock UnitedHealth Group (UNH) reported strong Q1 estimates earlier Thursday.
Tesla (TSLA) reversed lower after popping up in the market on Thursday, after Wednesday’s 4% tumble. Coinbase Global (COIN) rose nearly 3% in morning trading.
Among the top stocks to buy and look at is IPO leader Roblox (RBLX) and Nvidia (NVDA) is in or near new buying zones.
Boeing and Microsoft are IBD Leaderboard shares. Roblox and Square were in the Stocks Near A Buy Zone column this week.
Dow Jones Today
The Dow Jones industrial average rose 0.8%, while the S&P 500 rose 0.9%. The technically heavy Nasdaq composition climbed 1.1% in morning trading.
Among the exchange-traded funds, the Innovator IBD 50 (FFTY) rose 0.1% on Thursday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) rose 1%. Meanwhile, the SPDR S&P 500 ETF (SPY) rose 0.6%.
Stock market rally: Dow, S&P hit new highs
Amid the current rise in the stock market, the Dow Jones Industrial Average hit a record high on Wednesday, while the S&P 500 also reached a new high before turning lower.
Meanwhile, the tech-savvy Nasdaq sits just off its everyday highs amid the recent strength of the index.
Wednesday’s big picture said: ‘Big days and big techniques have been teasing IBD readers with this thought for days: even if the economy reopens, last year’s big winners will not be ashamed this year. All five of the FAANG shares are not trading them only above their 50-day moving averages; they also lead their exponential moving averages of 21 days upwards. ‘
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Bitcoin price
Bitcoin lost about 1% on Thursday and traded around $ 62,800 in the morning trading. The cryptocurrency peaked at $ 64,829 on April 14, according to CoinDesk.
The Grayscale Bitcoin Trust (GBTC) rose 0.5% on Thursday and wanted to bounce back 6% from Wednesday.
Dow Jones earnings: UnitedHealth
Early Thursday, UnitedHealth Group shattered estimates on Wall Street. The company’s adjusted earnings per share rose 42.7% to $ 5.31. Revenue rose 9% to $ 70.2 billion.
UNH share rose 3% in morning trading and moved outside the buy range above a buy point of 368.05 in a flat base.
Stock Market Earnings: Taiwan Semiconductor
Taiwan Semiconductor earned Wall Street’s target for its first quarter. But the sales guidance for the current quarter was slightly light.
TSM share fell 1.5% in the morning trading and fell further below the 50-day moving average.
Shares for sale: Nvidia, Roblox
Graphic chipmaker Nvidia regained its 615 buy point in a new cup base amid the 4% rise on Thursday. The buying zone of 5% rises to 645.75.
According to IBD Stock Checkup, Nvidia shares boast a strong 95 out of a perfect 99 IBD Composite Rating. The IBD Composite Rating helps investors measure the quality of the fundamentals and technical benchmarks of a stock.
IBD Leaderboard share Roblox is trying to break past an IPO base’s 79.20 buyout, according to the IBD MarketSmith chart analysis. Shares closed about 5% below the buy point on Wednesday amid the day’s 8% tumble. Shares rose 0.6% on Thursday morning.
According to Leaderboard’s comments, “the relative strength of the stock is in a new high ground, giving the breakout earnings. After Tuesday’s huge gain, Wednesday’s drop is not surprising. For now, Tuesday’s session is an inside day, which means the highest and lowest of that day are within the highest and lowest of the previous session. “
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Coinbase Exchange
Currency exchange Coinbase jumped 3% on Thursday morning after Wednesday’s debut. Coinbase shares ended 31% above the 250 exchange price on Wednesday after rising to 66% intraday.
Investors should wait until an IPO base forms before jumping to the hot IPO stocks.
Tesla Stock
The Tesla share reversed nearly 1% lower on Thursday morning, contributing to Wednesday’s tumble. 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.
On January 25, Tesla shares reached a record high of 900.40, after climbing to 93% from a 466 buy-in in a cup with handle.
Dow Jones Leaders: Apple, Microsoft
Among the top Dow Jones shares, Apple rose 2% on Thursday and wanted to bounce back due to the 1.8% drop on Wednesday.
Apple shares are coming back from its 40-week line and again above the 10-week line. On February 18, Apple shares caused the loss-cutting selling rule of 7% -8% when it dropped more than 7% below the 138.89 buy point in a handle with a cup.
Software giant Microsoft rose 1.4% on Thursday. Microsoft trades at the top of the 5% buying range past the 246.23 flat-point buying point 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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