Dow Jones futures were higher early Tuesday after stock market gains hit record levels on Monday. Tesla stock rose to several records. And Mosaic, NXP Semiconductor and ZoomInfo were three earnings movements after the close.
On Monday, the Dow Jones Industrial Average rose 0.3 percent. The S&P 500 rose 0.2%, while the Nasdaq led and rose 0.6%.
Among the Dow Jones executives, Apple (AAPL) fell 0.6% while Microsoft (MSFT) lost 0.7% in today’s stock market. American Express (AXP), Goldman Sachs (GS) and JPMorgan Chase (JPM) continues to trade near new buying points in the current rally.
Tesla (TSLA) rose 8.5% on Monday to reach more record highs.
Among companies that report earnings, Mosaic (MOSS), NXP Semiconductor (NXPI) and ZoomInfo (ZI) reported earnings after closing Monday.
Among the best stocks to buy and see, Albemarle (WHITE), Alphabet (GOOGL) and ServiceNu (NOW) is in or near new shopping zones.
Microsoft, ServiceNow and Tesla are IBD Leaderboard shares. Albemarle was part of this week’s story about Stocks Near A Buy Zone.
Dow Jones Futures today
Ahead of the stock market opening on Tuesday, Dow Jones futures rose 0.1% relative to fair value, while S&P 500 futures rose higher. Nasdaq 100 futures lost 0.15% relative to fair value. Keep in mind that trading in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.
Overview of the US stock market today
|Index||Symbol||Price||Profit / loss||% Change|
|S&P 500||(0S & P5)||4613.67||+8.29||+0.18|
Last update: 16:30 ET 1/11/2021
Among exchange-traded funds, Innovator IBD 50 (FFTY) rose 1.2% on Monday. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.4%. And the SPDR S&P 500 ETF (SPY) rose 0.2%.
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Stock market rally
The stock market rise strengthened further on Monday as the Dow Jones Industrial Average, Nasdaq and S&P 500 reached more records. The Dow 30 briefly topped the 36,000 level before closing below it.
On Monday, The Big Picture commented: “Nasdaq has a quarterly-to-date gain of 7.9%. It is equally respectable. Attribute this gain largely to the strength of the chip, business software, automotive, retail and financial sectors. Market. The S&P 500 has risen 7.1%. “
With the Nasdaq at all-time highs and a limited amount of distribution, investors should remain optimistic about the positive trend in the market. So investors should look for new buying opportunities to gradually increase market exposure. And as always, you need to be disciplined around your purchases. Do not hunt for extended stocks, and be sure to reduce losses after sell signals.
For daily stock market comments, be sure to check out IBD’s The Big Picture.
Five best Dow Jones stocks to watch now
Dow Jones shares to buy and see: Amex, Goldman, JPMorgan
American Express ended Monday about 3% below a buy point of 178.90 in a cup with handles, according to IBD MarketSmith chart analysis. Shares rose 0.25% on Monday, resulting in a five-day losing streak.
Goldman Sachs is within striking distance of a buy point of 420.86 in a flat base after Monday’s rise of 0.8%. The best Dow Jones stock is shown in this week’s columns Stocks near a buy zone.
Meanwhile, JPMorgan remains in the top of the 5% buying zone past a 163.93 entry in a handle with a recent rebound from the 50-day moving average. The buying area of 5% tops with 172.13. JPM shares fell less than 0.1% on Monday.
Stock market earnings: Mosaic, NXP, ZoomInfo
Mosaic missed Q3 earnings and sales targets late Monday, triggering a 2% decline in shares in pre-market trading. Mosaic shares ended Monday around 9% above a buy point of 38.33 in a cupbase.
NXP Semiconductor fell 1.5% Tuesday morning after the company reported a diluted EPS of $ 1.91 per share on revenue of $ 2.86 billion. The stock tracks a double-bonded base showing a buy point of 218.24. Shares bullishly regained their 50-day line on Monday.
ZoomInfo rose above 6% in pre-market trading after reporting strong earnings and sales results in the third quarter after closing. The ZoomInfo stock continues to stay above its main 50-day line in the wake of a failed breakout past a 67.73 buy point.
Shares to buy and view: Albemarle, Alphabet, ServiceNow
Lithiumminer Albemarle is at the top of the buying area past a cup with handle 244.46 buying points after last week’s breakout. The purchase area of 5% goes up to 256.68. The stock rose 2.2% on Monday. Earnings results will be presented on Wednesday, so this outbreak involves greater risk.
IBD SwingTrader stock Alphabet posted a new buy point – an entry of 2,925.18 in a flat base – according to IBD MarketSmith chart analysis – in the middle of Monday’s 3.1% stumble.
The IBD stock check shows that the Alphabet stock boasts a 98 out of a perfect 99 IBD Composite Rating. The IBD Composite Rating identifies stocks with a mix of strong fundamental and technical characteristics.
IBD Leaderboard stock ServiceNow clings to its 681.20 flat-base entry amid Monday’s 2.3% slide. The software maker is in the buying range of 5%, running up to 715.26.
According to Leaderboard analysis, ServiceNow’s latest base is a pattern in the second phase, after shares rose slightly more than 20% from the previous base. Formations in earlier stages – first and second stages – provide more upside and are less likely to fail than bases at later stages.
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Tesla shares fell over 5% before the market on Tuesday after CEO Elon Musk tweeted that a contract with Hertz has not yet been signed. Last week, the EV giant’s shares moved above a $ 1 trillion valuation milestone on the news that Tesla had partnered with Hertz, one of the largest car rental companies in the world, to supply it with 100,000 vehicles by the end of 2022.
Meanwhile, Tesla is recalling nearly 12,000 U.S. vehicles due to a software communication failure that could cause an unexpected activation of the emergency braking system, according to a statement submitted to the National Highway Traffic Safety Administration.
Shares rose 8.5% on Monday, reaching several records. The company announced that it was opening its supercharging network for other electric cars in Europe for the first time. The pilot project takes place at 10 supercharger locations in the Netherlands.
The stock traded as high as 1,209.75 on Monday. TSLA shares are significantly above a buy point of 764.55 in a cup with handles, as well as previous entries of 700.10 and 730. An alternative entry of 900.50 could also be identified.
Dow Jones executives: Apple, Microsoft
Among the best Dow Jones stocks, the Apple stock forms a new cup base with a buy point of 157.36, according to IBD MarketSmith chart analysis. The stock lost 0.6 percent on Monday. The current weakness could be the start of a potential handle, which would offer a lower entry if the stock is able to continue jumping from its 50-day line.
Software giant Microsoft fell 0.7% on Monday, gaining a four-day winning streak. On October 18, Microsoft broke past a flat base’s buy point of 305.94. The 5% buy zone peaks at 321.24, so the stock has now expanded.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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