The Dow Jones futures changed a bit late after Monday’s stock market rebound. Zoom video After strong first-quarter earnings results (ZM) grew briefly over 17%. Advanced Auto Part (AAP) and Heiko (HEI) reported late. And Snap (SNAP) crashed 29% after warning that its second-quarter revenue would be at the bottom of its direction.
AAP shares fell nearly 2% in extended trading. And Heico stocks higher after reporting better-than-expected results.
Meanwhile, Autozone (AZO), Good shopping (BBY) and Ralph Lauren Tuesday morning is among the reporting companies (RL).
Dow Jones Futures Today: Treasury yields, oil prices
Since closing on Monday, the fair price of Dow Jones futures, S&P 500 futures and Nasdaq 100 futures have changed slightly. Keep in mind that overnight action in Dow Futures and elsewhere does not necessarily translate into actual trading at the next regular stock market session.
10-year Treasury yields rose 2.85% on Monday, snapping the three-day losing streak. On Friday, the 10-year Treasury yield closed at its lowest level since April 26. Meanwhile, US oil prices rose less than 1% as West Texas Intermediate crude traded above $ 110 a barrel.
Stock Market Today: VMware Surges
On Monday, the Dow Jones Industrial Average jumped 2%, while the S&P 500 rose 1.9%. Tech-heavy Nasdaq Composite is up 1.6%. Among exchange traded funds, the Nasdaq 100 Tracker Invesco QQQ Trust (QQQ) rose 1.7% and the SPDR S&P 500 ETF (SPY) rose 1.9%.
VMware (VMW) rose nearly 25% on Monday after news reports Broadcom (AVGO) Cloud service provider negotiating acquisition. Broadcom shares fell more than 3% in response.
Tesla (TSLA) stocks rose more than 1.7% on Monday. Among the Dow Jones leaders, Apples (AAPL) increased 4% and Microsoft (MSFT) The stock market traded 3.2% higher today.
Dow Jones leaders continue to struggle in stock market rallies Chevron (CVX) and Mark (MRK) – co Levant (LTHM), Exxon Mobil (XOM), Eli Lily (LLY), and World Wrestling Entertainment (WWE) – One of IBD’s top stocks to watch on Tuesday.
Microsoft is an IBD leaderboard stock. Merck is in IBD SwingTrader. Levant and World Wrestling Entertainment appear in this week’s Stocks Near A Buy Zone column.
What to do in a struggling stock market rally
Major stock indices posted strong gains on Monday. Monday’s move was a step in the right direction after last week’s massive sales, but it was not enough to bring the market situation back to a definite uptrend.
While the underlying uptrend remains intact, it’s time to play a defensive game and maintain a cautious position after last week’s massive sell-off. Beware of new purchases by focusing on stocks with the best basic and price action. To be sure, there are some good setups in leading stock.
The Big Picture column on Friday commented, “The Dow Jones Industrial Average made a sharp reversal in the last hour of Friday’s trading for a small gain. The Nasdaq Composite did almost the same thing but closed with a 0.3% loss. Certainly the uptrend leads to early death. “
If you are new to IBD, take a look at its stock trading system and Can Slim Basics. Identifying chart patterns is a key to investment guidelines. IBD offers a wide range of growth stock listings, such as Leaderboards and SwingTrader.
Investors can also create watchlists, find companies near a buy point, or create custom screens on IBD MarketSmith.
Now five Dow Jones stocks to watch
View Dow Jones Stock: Chevron, Mark
According to IBD Marketsmith chart analysis, Dow Jones leader and power giant Chevron continues to build a flat base with a 174.86 buy point. CVX shares rose 2.3% on Monday, just below their latest buying point.
CVX stock has a perfect 99 IBD composite rating for IBD stock checkup. Investors can easily measure the quality of a stock’s fundamental and technical metrics using IBD composite ratings.
Mark, a Dow Jones and drug industry leader, is still in the buying range of a cup-with-handle above 89.58 by points, as the stock rose 0.3% on Monday. 5% purchase area goes up to 94.06.
Positively, the relative strength line of the stock is at new heights, indicating outperformance during the current stock market correction.
See the four top growth stock carsrCapital market rally
Stock to watch: Levant, Exxon, Eli Lilly, WWE
Lithium producer and Tesla supplier Levant is approaching an initial buy point at 29.68, up 3.7% on Monday, according to IBD Marketsmith chart analysis. Meanwhile, the Levant stock continues to rally to the right of a cup base with a conventional entry at 33.14. Keep an eye out for a potential handle to offer more risk-friendly entry.
Energy giant Exxon Mobil rose 2.2% on Monday, topping the buying range above the Cup-with-handle 89.90 buy point. Shares are at the top in terms of 5% purchase which goes up to 94.40
Pharmaceutical giant Eli Lilly rose 1.25% on Monday. Shares of IBD Leaderboard stocks are finding support near their 50-day moving average line and have reached a flat base of 314.10 by points. An early buy trigger at 309.54 is also in play.
World Wrestling Entertainment is one of the top stocks to watch after closing Monday at a flat base 63.81 by point striking distance. WWE shares rose 1.3% on Monday. Extending the winning streak to five sessions.
Join IBD experts as you analyze the top stocks at the current stock market rally on IBD Live
Tesla stock rose 1.7% on Monday, recovered a small portion of Friday’s 6.4% fall, and snaps a three-day losing streak. Shares are sharply below their 50- and 200-day moving averages
The stock traded at a high of 1,243.49 on November 4 and is more than 45% away from that all-time high.
Dow Jones Leaders: Apple, Microsoft
Among Dow Jones stocks, Apple shares jumped 4% on Monday. The stock remains well below its long-term 200-day line.
Software leader Microsoft gained 3.2% on Monday, but is well below its 50- and 200-day lines. The stock closed up more than 25% from its 52-week high.
Be sure to follow Scott Lehtonen on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.
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