Dow Jones futures fall: what to do in new stock market rally; Tesla Sales Next

by Brent G. Oneal

Dow Jones futures were lower after Monday’s fall. Still, the new stock rally continues, and the six top stocks to buy and keep an eye on our AutoZone and Merck.


Dow Jones stock Nike (NKE) reported better-than-expected earnings results late Monday. In extended trading, Nike shares rose more than 2% before falling 3% on weaker-than-expected earnings. The stock ended Monday about 38% from its 52-week high.

Tesla (TSLA) is expected to announce Q2 sales by the end of this weTesla delivered 310,048 vehicles in the first quarter. Ek. Analysts polled by FactSet expect Tesla to have produced 273,000 cars in the second quarter, ranging between 249,000 and 323 ter.


Dow Jones Futures Today: Treasury Yields, Oil Prices

After Monday’s close, Dow Jones futures fell 0.25% against fair value, and S&P 500 futures lost 0.3%. Nasdaq 100 futures fell 0.4% from fair value. Remember that overnight action in Dow futures and elsewhere does not necessarily lead to actual trading in the next regular trading sessiTen-year government bond yields appear to be recovering after a sharp decline. On.

The 10-year Treasury yield rose to 3.19% on Monday after rising to 3.12% on Friday. It reached its highest level in mid-June since April 2011 at 3.48%.

Meanwhile, US oil prices are trying to recover from recent losses, with West Texas Intermediate trading near $110 a barrel. In early March, WTI briefly peaked above $130.

Stock market today

On Monday, the Dow Jones Industrial Average fell 0.2%, while the S&P 500 fell 0.3%. The tech-heavy Nasdaq composite lost 0.7%. Of the exchange-traded funds, the Nasdaq 100-tracker Invesco QQQ Trust (QQQ) fell 0.7%, and the SPDR S&P 500 ETF (SPY) fell 0.4%.

Tesla shares fell 0.3% on Monday. Among the Dow Jones leaders, Apple (AAPL) was flat, and Microsoft (MSFT) traded 1.05% lower in today’s stock market.

In the early stages of another stock market rally, Dow Jones leaders Johnson & Johnson (JNJ) and Merck (MRK), as well as AutoZone (AZO), Bristol Myers Squibb (BMY), Eli Lilly (LLY) and Quanta Services (PWR), are among the top IBD stocks to buy and watch on Tuesday.

Quanta is an IBD Leaderboard Watchlist Stock. Eli Lilly is an IBD SwingTrader stock. Bristol was Friday’s IBD stock of the day. And AutoZone was featured in the Stocks near a buy zone column this week.

What to do with a new stock market rally?

Amid a fledgling stock market rally, investors have the green light to buy leading stocks past the appropriate buying points. It should align your portfolio and mindset with the stock market action by gradually allocating capital to leading stocks.

CCheckr more leading stocks and stocks approaching buying points. Use each purchase as feedback on the current strength of the market rally. Don’t panic if you miss the first few pimples. If the stock market uptrend is real, there will be plenty of time to buy stocks and make money. This is an important strategy, as previous follow-throughs have failed this year.

Monday’s Big Picture column noted, “The days after a follow- for more leading stocks and stocks approaching buying points through is just as important as the follow-through day itself, meaning the stock market is now testing a new uptrend. Like any good test pilot, investing investors should proceed cautiously this week.”

If you’re new to IBD, consider looking at CAN SLIM’s stock trading system and basics. Recognizing chart patterns is a key to investment guidelines. IBD offers various growth stock lists, such as Leaderboard and SwingTrader.

Investors can also create watchlists, find companies approaching a buying point, or develop custom screens at IBD MarketSmith.

Four Dow Jones Stocks To Watch Now

Dow Jones Stocks to Watch: Johnson & Johnson, Merck

According to IBD MarketSmith chart analysis, Dow Jones leader Johnson & Johnson is in buying range past the 181.84 buy point of a double bottom in the wake of Friday’s 1.5% breach. Shares of JNJ were slightly lower on Monday.

JNJ stocks show a solid 95 out of a perfect 99 IBD Composite Rating, according to the IBD Stock Checkup. Investors can use the IBD Composite Rating to easily measure the quality of a stock’s fundamental and technical statistics.

Drug giant Merck broke past the 95.02 buy point from a flat base on Monday but finished just below the entry point after rising 1.4% from the session. The 5% buy area goes to 99.77.

4 top growth stocks to watch during the current stock market rally

Top Stocks to Buy and Watch: AutoZone, Bristol, Eli Lilly, Quanta

AutoZone rose 0.5% on Monday after Goldman Sachs upgraded its stock from neutral to buy with a price target of 2,296, saying the company is “defensively positioned” in the current environment. AZO shares broke past a head on Friday with the handle’s buy point of 2,130.60 and are in the buy rain at 2,237.13.

Friday’s IBD stock, Bristol Myers, continues to move above the buy point of 78.72 on a flat basis after Monday’s 1.3% gain. The 5% buy zone rises to 82.66.

IBD SwingTrader stock Eli Lilly is back at new highs after regaining its 50-day bullish line last week. Stocks are in the 5% buy zone, rising to 329.81. Shares of Eli Lilly rose 0.5% on Monday.

According to IBD MarketSmith chart analysis, IBD Leaderboard Watchlist Stock Quanta Services tracks a handled cup with a buy point of 138.56. Shares are back above their 50-day mark; Quanta shares are up 1.5% on Monday, Which is important to watch. Quanta shares are up 1.5% on Monday.

Joi stocks in the current stock market rally on IBD . Live

Tesa stock

Tesla shares lost 0.3% Monday, returning a small portion of Friday’s 4.5% advance. The stock is still well below the 50 and 200-day moving averages.

Tesla shares traded to 1,243.49 points on Nov. 4. The stock is about 40% lower than that record.

Dow Jones Leaders: Apple, Microsoft

Dow Jones stocks traded unchanged on Monday but are still at their highest since June 9. Still, the store is well below its long-term 200-day mark and is about 23% lower than its 52-week high.

Software leader Microsoft lost 1.05% on Monday as it tested resistance around its key 50-day line. The stock closed about 24% from its 52-week high.

Follow Scott Lehtonen on Twitter at @IBD_SLehtonen to learn more about growth stocks and the Dow Jones Industrial Average.


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