February 6, 2023

Dow Jones rally ahead of earnings season soaring shares in Tesla

The Dow Jones Industrial Average rose on Monday, looking to add to solid gains in the stock market on Friday. December quarter earnings season kicks off this week, with highly anticipated results from Dow Jones members c. B. Morgan Chase (JPM) And United Health Group (United nations). And Tesla (TSLAThe stock continued its rebound after hitting a new low on Friday.


Global markets and oil prices got a boost after the positive recovery remarks from a People’s Bank of China official on Sunday. This helped send Tesla and a number of stocks located in China, as well as chip stocks incl ASML Holding (ASML) And nvidia (NVDA) to the top of the Nasdaq 100 in early trading.

Companies reporting earnings on Monday morning include: Sparkling brands (AYI) And commercial minerals (CMC). Acuity Brands stock rose 1% after reporting better-than-expected results for the fiscal first quarter. Shares of Commercial Metals rose nearly 3% after strong results. finally, Lululemon Athletica (Lulu) 10% thereafter I warned gross margin for the fourth quarter It will come less than expected.

Other companies reporting later this week include: Jeffries (JEF), KB major (KBH), Taiwanese semiconductor industry (TSM), American bank (Buck), Citigroup (c) And Wells Fargo (WFC).

Dow Jones stock visa (Fifth) And Master Card Credit Card (Master’s) were both upgraded to KeyBanc’s overweight ratings. Visa shares rose 0.5%, while MA shares rose 0.8%.

Electric vehicle leader Tesla rose more than 8% on Monday. Dow Jones Tech Giants an Apple (AAPL) And Microsoft (MSFT) Both are directly above after stock market today Open.

Cardinal health (CAH), monastery (DE), midpiece (MEDP) And IBD Leaderboard Inventory Neurobiological Sciences (nbix) – as well as the names of the Dow Jones Larva (Never), chevron (CVX) And Walmart (wmt) – among the top stocks to buy and watch as the market returns to bullish mode.

endocrine is IBD Leaderboard Inventory. caterpillar f midpiece It was recent IBD stock today comp. He was Cardinal Health Featured in the “Stocks Near the Buy Area” column recently.

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Dow jones today: oil prices and treasury yields

After Monday’s opening bell, the Dow Jones Industrial Average rose 0.4%, and the S&P 500 rose 0.9%. The Nasdaq Composite Heavy Index rose 1.7% in the morning move.

Between us Exchange traded fundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(up 1.3%, SPDR S&P 500 ETF)spy) rose 0.5% early on Monday.

The 10-year Treasury yield rose to 3.58% Monday morning, looking to recover from last week’s sharp losses. Huge losses on Friday caused December jobs report.

Meanwhile, oil prices rebounded on Monday morning after falling last week. West Texas Intermediate crude futures are up more than 2%, trading around $76 a barrel.

Stock market rise

On Friday, the Dow Jones Industrial Average advanced 2.1% and the S&P 500 jumped 2.3%. The Nasdaq Composite Index rose 2.6%.

Friday’s Big Picture column He commented, “The positive action on high volume has caused the IBD market outlook to shift to ‘The market is in a confirmed uptrend. “However, it is still an uncertain environment, and exposure must be increased in a measured way. Investors should stick to 20% to 40% exposure for now.”

Five Dow Jones stocks to buy and watch now

Dow Jones Stocks to Buy and Watch: Caterpillar, Chevron, Walmart

Dow Jones member Caterpillar closed squarely in the buy range above the 239.95 buy point of the flat base after Friday’s advance of 3.6%, to me IBD MarketSmith Pattern Recognition. The buy zone rose to 251.95. To the upside, the stock’s RSI line, a major technical indicator, reached new highs. Shares rose 0.1% on Monday.

CAT stock Shows 98 strong out of 99 perfect IBD composite classificationfor every IBD stock check. The composite rating is designed to help investors easily find the highest growth stocks.

Energy giant Chevron is trying to regain the 50-day streak as it continues to build a Kobe base with 189.78 buy points. CVX shares were up 0.6% Monday morning, jumping with oil prices.

Discount retailer Wal-Mart restored its 50-day rising streak during Friday’s 2.45% jump. The stock is building a cup with a handle that has 154.74 buy points and is about 5% away from the last entry. Wal-Mart shares fell 0.5% Monday morning.

4 growth stocks to buy and watch in the new Stock market rise

Top stocks to buy and watch: Cardinal Health, Deere, Medpace, Neurocrine

cardinal health, Today’s stock from IBD, rose 2.6% on Friday, regaining the 50-day line. CAH shares fell 0.1% on Monday.

Latest stock today from IBDDeere is building a flat base with 448.50 buy points. Shares are nearing their latest buy point after returning above the 50-day line during Friday’s 2.8% rally. DE stock was trading up 0.5% Monday morning.

Medpace continues to consolidate below the 50-day line. For now, the valid buy point remains at 235.82, but there is also a previous entry at 220.09 in play. MEDP stock rose 1.2% on Friday.

IBD Leaderboard Neurocrine Biosciences is bouncing off support at the 50-day line. New flat base shows buy point at 129.39 with early entry at 122.93. NBIX stock fell 0.1%.

Stocks to buy and watch as the new stock market goes up

These are the top six stocks to watch in the stock market today, including three Dow leaders.

The Company’s name Code The right point of purchase base type
Cardinal health (CAH) 81.67 Flat base
monastery (DE) 448.50 Flat base
Neurobiological Sciences (nbix) 129.39 Flat base
Larva (Never) 239.95 Flat base
chevron (CVX) 189.78 cup base
Walmart (wmt) 154.74 mug with handle
Source: IBD data as of January 9, 2023

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Tesla stock

Tesla shares Friday reversed significant losses, ending the session up 2.5%. On Friday, shares hit a 52-week low of 101.81, closing about 71% off their 52-week high.

And the shares looked set to add to Friday’s gains, rising 8.4% Monday morning.

Dow Jones leaders: Apple and Microsoft

in between Dow Jones stockShares of Apple rebounded 3.7% on Friday. Last week, the stock hit a new 52-week low of 124.17. The stock is still down nearly 30% from its 52-week high. Shares rose 1.3% Monday morning.

Microsoft stock rose 1.2% on Friday, ending a four-day losing streak. The software giant is about 31% off its 52-week high and is still far from the 52-week low of 213.43, which it reached on November 4. MSFT stock rose 1% early on Monday.

Be sure to follow Scott Lehtonen on Twitter at @tweet Learn more about developing stocks and the Dow Jones Industrial Average.

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