Stock Market Today - Investor's Business Daily17:01 Текст источника в новой вкладке

 
 
1. Stock Market Today: Track Market Trends And The Best Stocks To WatchПт., 20 апр.[−]

With regular updates throughout each trading session, the Stock Market Today column alerts you to any changes in market trend. You'll also get ongoing analysis of the best stocks to buy and watch, and highlights of stocks flashing potential sell signals.

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Why is the stock market up today? Why is the market down? What's the outlook for stock market futures? What are the best stocks to buy right now? Is it time to sell your stocks?

The Stock Market Today helps you answer those questions before the market opens, throughout each trading session and after each day's stock market close.

Stock Market Today

Bears Hit Stocks, Apple Challenges 200-Day But These 5 Leaders Buck Sell-OffApple sold off badly Friday and touched its 200-day moving average for the first time since mid-February. Stock market bears also sent the major indexes tripping below their 50-day moving averages Friday... Read More
Futures Mixed: GE Spikes, This Finance Leader Sets Up For BreakoutEnergy stocks and chipmakers were under investors' microscopes early Friday, with the Dow, S&P 500 and Nasdaq defending solid gains for the week. But futures for all three benchmarks turned lower in... Read More
Dow Leads Rebound, As These Top Stocks Report After The CloseThe stock market rallied off its lows in the final hour of trading, but closed squarely lower Thursday. Leading growth stocks Atlassian, E-Trade Financial and Skechers were preparing to report their quarterly earnings releases... Read More

View Prior Stock Market Today Updates

Current Stock Market Analysis

The analysis you'll find in the Stock Market Today is based on over 130 years of market history and a detailed study of every top-performing stock since the 1880s.

By tracking the market in terms of three stages — market in uptrend, uptrend under pressure and market correction — the Stock Market Today helps you keep the latest fluctuations in perspective and decide what action, if any, to take.

Bookmark this page to make sure you stay on top of all the latest action in the stock market, and be sure to check The Big Picture after each market close for more detailed analysis and stocks to watch.

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The post Stock Market Today: Track Market Trends And The Best Stocks To Watch appeared first on Investor's Business Daily.


2. Bears Hit Stocks, Apple Challenges 200-Day But These 5 Leaders Buck Sell-OffПт., 20 апр.[−]

Apple ( AAPL) sold off badly Friday and touched its 200-day moving average for the first time since mid-February. Stock market bears also sent the major indexes tripping below their 50-day moving averages Friday for the first time in four to five weeks.

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The Nasdaq composite slid 1.3%, the S&P 500 nearly 0.9% and the Dow Jones industrial average 0.8%.

Yet the major indexes still managed to march higher for a second week in a row in the wake of a key follow-through that took place April 10.

Square ( SQ), meanwhile, offered fresh proof that it remains a true market leader. Shares ran up more than 1.6% to 51.46, stretching a year-to-date advance to more than 48%. Square was a huge winner in 2017 as well.

In addition to Square, TransUnion ( TRU), Charles Schwab ( SCHW), E-Trade Financial ( ETFC) and Western Alliance Bancorp ( WAL) all showed bullish action, blasting gains of 2% to 10% or more.

Schwab continues to work on a new base, while eTrade is now extended after recently retaking a 56.10 entry point in a six-week cup without handle.

The yield on the benchmark U.S. Treasury 10-year bond continued to soar, rising to as high as 2.94% and practically eclipsing the Feb. 21 year-to-date high. Higher interest rates help boost net interest profit margins for banks and other financial firms.

Square, the San Francisco-based digital transactions and business analytics innovator, rose 1.6%, climbing as high as 52.50 in below average turnover. The large-cap tech is likely in the middle of forming a new base on base.

Wall Street sees the Jack Dorsey-led tech firm growing its full-year profit by 70% to 46 cents a share this year and another 65% in 2019.

Square has ramped 182% higher since it cleared a tightly wound flat base with an 18.27 buy point in April 2017.

This Chart Looks Bullish

The base-on-base pattern can be an awesome generator of price gains, but only when selling pressure in the overall market eases and the stock market is in a confirmed uptrend. The April 10 follow-through improved the stock market's outlook in raising it from "Market in correction" to "Confirmed uptrend."

Square shows an excellent Composite Rating of 96 on a scale of 1 to 99 on IBD Stock Checkup.

The Nasdaq composite sank nearly 0.5% at the get-go, then stretched losses to more than 1.3%, following a 2.8% rally last week. Volume was lower from Thursday's level, according to preliminary data. At 7138, the leading index still clung to a weekly gain of roughly 0.5% and is up 3.4% since Jan. 1.

So the tech-centered index was still up for the week, but closed below the key 50-day moving average. The Nasdaq 100-tracking PowerShares QQQ Trust ( QQQ) ETF fell 1.6%. It too slipped mildly beneath the 50-day moving average for the first time in nearly four weeks.

Hand tools, shoes, paper, and numerous defensive industry groups paced the downside.

The S&P 500 saw its weekly gain slim down to 0.5%. In the prior week, the large-cap benchmark rallied 2%.

Turnover climbed roughly 14% higher vs. the same time on Thursday on the NYSE. Overall, though, trading volume has been holding below the 50-day average on the Nasdaq for at least two straight weeks. On the NYSE, trading has been muted for nearly three weeks in a row.

This Dow Stock Is Basing Now

Typically, the best follow-throughs, which give alert investors a chance to hunt for breakouts among leadership-quality stocks in terms of excellent fundamentals, relative stock price strength, and fund sponsorship, take place on Day 4 through Day 7 of a new rally attempt. But they can also occur much later than that.

Home Depot ( HD) was the sole stock among the 30 components of the Dow Jones industrial average to initially gain 1 point or more. Shares retreated just a fraction to 177.01. Volume was 10% below usual levels.

Home Depot, the DIY home improvement chain, has been in correction mode since striking a new high of 207.61 on Jan. 29. That peak came right before the first of this year's intermediate market corrections. The stock hasn't fallen much, though, losing just 18% of its market value. That's well within range of a normal decline within, say, a cup with handle base or a saucer base chart pattern, which is common among Dow industrials-type issues.

Home Depot has pounded out steady if not rip-roaring profit growth. Earnings per share have lifted 24%, 15%, 18%, 23%, 16%, 14%, 15% and 17% vs. year-ago levels in the past eight quarters. The Street sees fiscal Q1 profit rising 24% to $2.07 a share.

How To View Apple Stock Now

Consumer tech titan Apple gapped below its 50-day moving average. That's a sign of weakness for the iPhone and iPad giant. The stock fell more than 4% and hit an intraday low of 165.43 in intense turnover.

Apple is now tickling its long-term 200-day moving average and is trading around 9% below an all-time high of 183.50.

Apple has already rallied 55% since it burst out of a cup with handle at 118.12 way back on Jan. 6, 2017. So it's due for a rest, but keep watch for a base to complete itself.

As noted in a new Click tech blog post, Morgan Stanley analyst Katy Huberty trimmed her price target on the consumer electronics and digital services firm to 200 from 203, citing concerns on iPhone sales. However, Huberty also reportedly advised clients to buy shares on any price weakness after Apple reports its fiscal Q2 sales (for the March-ended quarter) on May 2 after the close.

A 3-point slice of the price target does not amount to much in terms of market value. At 166, the stock's market value is $841 billion. Apple has 5.07 billion shares outstanding.

A New Base?

Google operator Alphabet ( GOOGL) lost just 1.1% to 1,077.32 in weak turnover and still managed to post a stout weekly gain of nearly 4%. Watch to see if it holds above the 50-day moving average, painted in red on IBD daily charts.

The megacap tech may be forming a new double bottom base. The middle peak between the stock's first and second lows is 1,178.16. If the stock can continue rebounding, it could set up a potential breakout at 1,178.26, 10 cents above the middle peak.

Alphabet is expected to increase first-quarter profit 20% to $9.29 a share. That follows EPS gains of 7%, 28%, 27%, 32% and 28% in the prior five quarters.

Among the 11 names currently in Leaderboard, new entrant Intuitive Surgical ( ISRG) cooled off a second straight day in normal fashion. The big cap medical play remains in buy range from a 445.20 entry in a shallow cup with handle. Shares eased 1.4% to 456.27 in above-average volume.

A New Financial Sector Leader

Going back to TransUnion, the credit-reporting agency and financial data expert has held a spot on the Leaderboard watch list for more than two weeks. On Friday, the stock gapped up at the open and jumped 10%. Shares got as high as 67.32, easily surpassing a 59.72 buy point in a shallow cup with handle.

The base is better viewed as a flat base with an entry at 61.52, 10 cents above the left-side high. In this case, TransUnion was within proper buy range right at the open price of 64.03, 4% above the flat-base entry.

The expert in consumer financial data posted a 36% jump in first-quarter earnings to 57 cents a share, spanking the Thomson Reuters consensus estimate by nearly 10% and issuing the biggest year-over-year increase in five quarters. Revenue grew 18% to $537 million, marking a third quarter in a row of accelerating top-line growth. TransUnion also announced the acquisition of U.K.-based Callcredit.

This Shoe Drops

Skechers ( SKX) got body slammed, gapping down more than 27% and finishing the session at 30.70. That sell-off wiped out five months' worth of gains.

Volume soared past 27 million shares, more than one quarter of its total float of 94 million shares. The stock's 50-day average turnover is 2.4 million shares per day.

The company reported a 13% rise in Q1 earnings to 68 cents a share, sharply undercutting Wall Street's expectations. Sales rose 17%, easing from a 27% Q4 top-line increase, but moving at a faster pace than the year-ago quarter's weak 10% rise.

Net margin edged 20 basis points lower to 8.6%. This decline suggests the shoe giant felt price pressures from the competition or saw its costs climb.

(Please follow Saito-Chung on Twitter at @IBD_DChung for more commentary and analysis on leading growth stocks, buy points, sell signals and financial markets.)

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The post Bears Hit Stocks, Apple Challenges 200-Day But These 5 Leaders Buck Sell-Off appeared first on Investor's Business Daily.


3. Futures Mixed: GE Spikes, This Finance Leader Sets Up For BreakoutПт., 20 апр.[−]

Energy stocks and chipmakers were under investors' microscopes early Friday, with the Dow, S&P 500 and Nasdaq defending solid gains for the week. But futures for all three benchmarks turned lower in Friday's volatile premarket trade.

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Dow Jones industrial average futures slipped a fraction, despite strong gains from General Electric ( GE) following its quarterly report. Other Dow issues held to tame trade. Chevron ( CVX) was up top with a 0.6% gain. At the weak end, Procter & Gamble ( PG) slipped 0.9%.

The Nasdaq 100 also slipped back into narrow early declines, with China's JD.com ( JD) and Tesla ( TSLA) showing the index's largest early declines. S&P 500 futures struggled to a slight gain, with GE leading, and Honeywell ( HON) and Tractor Supply ( TSCO) up 2.2% and 1.5%, respectively. Honeywell posted strong first-quarter results. Tractor Supply received an analyst upgrade.

Apple ( AAPL) slipped 0.5% and three of four FANG stock tech leaders lost ground.

The Dow industrials ended Thursday's session up 1.3% so far for the week, despite two consecutive losses. The S&P 500 held a 1.4% gain, while the Nasdaq was ahead 1.9%. All three indexes have maintained support at their 50-day moving averages, although Thursday's session flashed the first signs of institutional selling since the market launched its new uptrend April 10.

Outside the U.S., global stock markets were mixed Friday. Asian stock markets closed lower, led by a 1.5% dive for China's Shanghai Composite. In Europe, leading benchmarks weakened into mixed afternoon trade. Frankfurt's DAX reversed early gains and slipped 0.3%. London's FTSE 100 defended a 0.3% gain.

Futures Drivers: GE, Ericsson, TransUnion

Earnings news was generally positive ahead of Friday's open. On the Dow, General Electric leapt more than 7%. The rapidly slimming industrial giant reported adjusted losses and revenue declines that beat analyst estimates. The company took a heavy one-time charge during the quarter related to its former sub-prime lending business.

But it also affirmed financial targets for the year and said it expects proceeds between $5 billion and $10 billion from sales of assets during the year. GE's conference call is scheduled at 8:30 a.m. ET. Company shares are down 20% since the start of the year, and 56% below their July 2016 high.

Sweden-based smart phone maker Ericsson ( ERIC) erupted to a 17% premarket gain. A 104% surge in first-quarter earnings topped analyst expectations by a wide margin, and marked the company's first earnings-per-share increase in seven quarters. The stock trades below 10.

TransUnion ( TRU) rung up a 6% premarket gain as first-quarter results cleared analysts forecast by comfortable margins. Management also hoisted its second-quarter earnings and revenue guidance to well above consensus views. The premarket move suggested the stock could score a breakout at the starting bell above a 61.52 buy point in a four-month flat base. But be cautious, not all premarket moves carry over into regular trade.

Update: Energy Stocks, Chipmakers

Energy stocks have provided the market with some rising leadership potential as oil prices sit near 3-year highs and are up 13% year-to-date. Crude oil prices were down 0.6% early Friday, with U.S. benchmark crude slipping just below $68 per barrel. Prices may see some effect when Baker Hughes ( BHGE) releases its weekly rig count report at 1 p.m. ET.

Baker Hughes also reported its first-quarter results Friday, rising 0.2% after beating earnings views, but with revenue just below consensus estimates. Oilfield services heavyweight Schlumberger ( SLB) fell 1% after its first-quarter earnings met analyst targets.

The chip sector remains under careful watch on the stock market today. Investors are looking for signs of either a rebound or of further losses, a day after the Philadelphia Semiconductor Index dived 4.3%. The sell-off resulted from industry demand concerns raised by guidance from Taiwan Semiconductor ( TSM) in its earnings report Thursday.

Philly Chip Index stocks traded narrowly mixed early Friday. Among the index's biggest decliners on Thursday — MKS Instruments ( MKSI) rose 0.3% in premarket trade Friday. Lam Research ( LRCX) fell 0.4% and Applied Materials ( AMAT) posted a fractional decline.

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The post Futures Mixed: GE Spikes, This Finance Leader Sets Up For Breakout appeared first on Investor's Business Daily.


4. Dow Leads Rebound, As These Top Stocks Report After The CloseЧт., 19 апр.[−]

The stock market rallied off its lows in the final hour of trading, but closed squarely lower Thursday. Leading growth stocks Atlassian ( TEAM), E-Trade Financial ( ETFC) and Skechers ( SKX) were preparing to report their quarterly earnings releases after the closing bell in the stock market today.

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The tech-heavy Nasdaq declined 0.8%, while the S&P 500 fell 0.6%. The Dow Jones industrial average gave up just 0.3% — buoyed by strong earnings results from American Express ( AXP). Shares jumped nearly 8%, but the stock was just below a 102.49 flat-base entry.

All three major indexes are hovering just above their 50-day moving average lines, a key support level to watch. Volume was tracking modestly higher on the NYSE and Nasdaq compared to Wednesday, according to preliminary data.

Among companies reporting earnings, IBD 50 name Atlassian fell sharply after the close following its fiscal-Q3 earnings. The stock had mounted a furious rebound from its 50-day line after piercing that level in late March. It was quoted below the 50-day average in extended trading.

Skechers plunged about 20% in extended trading following its earnings report. E-Trade fell modestly following its quarterly report.

Big Cap 20 member E-Trade moved up 1.3%, as the company prepared to announce its earnings after the close. Shares are barely in buy range from a previous 56.10 entry after finding support at the 50-day line in late March. Rival Charles Schwab ( SCHW) advanced almost 3%, as it attempted to regain its 50-day line. The company reported strong earnings results Monday.

Lastly, Skechers is just below a 42.83 flat-base entry ahead of its earnings release. Shares slipped 0.3% in regular trading.

Three of the four FANG stocks were higher Thursday, shrugging off the market sell-off. Amazon.com rose almost 2% after CEO Jeff Bezos said in his annual letter to shareholders that the company had exceeded 100 million paid Prime members globally. The Leaderboard name extended its win streak to four sessions, which has brought the stock back above its 50-day line. The e-commerce giant is shaping the right side of a potential base.

Alphabet ( GOOGL) and Facebook ( FB) rose 1.4% and 1%, respectively. Alphabet is forming a new double-bottom base with a 1,178.26 buy point, while Facebook continues to rebound from its late March lows.

Chip stocks were battered after Taiwan Semiconductor ( TSM) lowered its full-year sales forecast. Taiwan Semi is a major chipmaker and partner of both Apple ( AAPL) and Nvidia ( NVDA). Morgan Stanley said that smartphone weakness is the main reason for the revenue shortfall.

Dow name Apple fell almost 3%, but it's still holding above the 50-day line. The stock is drawing a flat base with a 183.60 potential buy point. Meanwhile, IBD 50 name and graphics-chip maker Nvidia declined 3.1%. Shares are being turned away from the 50-day moving average, which has become an apparent resistance level.

Top chip names Micron Technology ( MU), Applied Materials ( AMAT) and Lam Research ( LRCX) all held losses exceeding 4%. Micron continues to shape the right side of a potential base, as it barely clings to its 50-day line.

Meanwhile, Applied Materials and Lam continued to break down after Tuesday's sell-off and are well below their own 50-day lines. Lam reported weak guidance late Tuesday.

Lastly, MKS Instruments ( MKSI) stumbled over 9%, as it broke down through its 50-day line in heavy volume. Its earnings are due out Tuesday after the close. It's featured in today's Sector Leaders column.

Inside The IBD 50

Among leading growth stocks, about half the IBD 50 stocks had losses of greater than 1%, despite the last-hour market rally. Align Technology ( ALGN) triggered a sell signal from its 277.42 cup-with-handle entry with a nearly 9% fall. It was a late-stage base.

On the upside, retailer Canada Goose ( GOOS) rose 4.5%, as it broke out past a 36.76 cup-with-handle entry. However, the stock closed below its buy point.

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The post Dow Leads Rebound, As These Top Stocks Report After The Close appeared first on Investor's Business Daily.


5. Stock Futures Down Slightly Despite Strong Earnings From American Express, AlcoaЧт., 19 апр.[−]

U.S. stock futures traded slightly lower early Thursday despite more good news on the earnings front.

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Shares of Apple ( AAPL) weighed on the Dow, while good news from Amazon.com ( AMZN) late Wednesday failed to stir Nasdaq 100 futures.

The Dow edged lower by 0.2%, even as shares of American Express ( AXP) jumped 3% in premarket trading. The S&P 500 eased 0.2% and the Nasdaq 100 fell 0.3%.

Late Wednesday, American Express reported adjusted earnings of $1.28 a share, up 38% from the year-ago quarter and well above expectations. The company also reported its fourth straight quarter of double-digit sales growth.

Chips Weigh On Stock Futures

Dow component Apple gave back more than 1% before the opening bell, after chip supplier Taiwan Semiconductor Manufacturing ( TSM) reported weak earnings and lowered its full-year sales outlook due to slower smartphone demand. Shares of Taiwan Semiconductor slumped 5% in premarket trading

Sentiment also was weak in the chip sector on renewed fears that Qualcomm's ( QCOM) acquisition of NXP Semiconductors ( NXPI) might not pass muster in China. Shares of Qualcomm and NXP each lost nearly 3% in premarket trading.

Separately, Amazon added nearly 2% as it works on the right side of a cup-shaped base. In Amazon's annual shareholder letter, Chief Executive Jeff Bezos said that Amazon Prime now boasts more than 100 million members.

Alcoa Gets Earnings Lift

Alcoa ( AA) also rose sharply early Thursday on strong earnings. Headed into Thursday, Alcoa was still in buy range after a breakout from a cup-shaped base with a 57.60 buy point. Shares traded around 61.50 early Thursday, well above the 5% buy zone.

The aluminum producer was featured in the latest Earnings Preview column, which features potential call option trades.

At the New York Mercantile Exchange, U.S. crude oil futures were near a 3 1/2 year high, up another 1% to $69.31 a barrel.

The 10-year Treasury yield was up 2 basis points to 2.90%. It's closing in on a multi-year high of nearly 2.94% set last month.

After the close, watch for earnings reports from Atlassian ( TEAM) as well as IBD 50 name Skechers ( SKX).

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The post Stock Futures Down Slightly Despite Strong Earnings From American Express, Alcoa appeared first on Investor's Business Daily.


6. Stock Market Futures Hold Support; Amazon Prime And This FANG Divergence Tell A StoryЧт., 19 апр.[−]

Stock market futures edged lower for the S&P 500 index, Dow Jones and Nasdaq 100, with chip stocks coming under pressure for a second session. But they indicate that the major averages will continue to hold above their 50-day moving averages after vaulting above that key level Tuesday. One premarket winner is Amazon.com ( AMZN), which revealed that it has more than 100 million Amazon Prime members.

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Customers pay Amazon and Netflix ( NFLX) real money for their services. Meanwhile, fellow FANG stocks Facebook ( FB) and Google-parent Alphabet ( GOOGL) have offered free services in which users pay in "data." But that free-data, ad-driven model has come under fire in the wake of the Facebook data-privacy scandal. This divide is stark in the FANG stocks' performance.

(Apple ( AAPL), which is sometimes included in a FAANG stock grouping, is a more extreme example of the dollars-vs.-data model. Apple gets customers — and wireless providers — to pay up for the iPhone, while stressing privacy and not selling users' data.)

Stock Futures

S&P 500 futures fell 0.1% above fair value. Nasdaq 100 futures were down 0.1%. Dow Jones futures were just below break-even.

Amazon Prime Primes Stock

Amazon has vaulted 69% over the past year to Wednesday's close. Shares rose about 1.6% before the open in the stock market today. Late Wednesday, CEO Jeff Bezos disclosed Amazon Prime membership has topped 100 million, the first time the company disclosed any specific figures for Prime users. Not only are the memberships money in the bank for Amazon, but Prime spurs customers to spend far more on the e-commerce site, which doesn't always have the lowest prices.

Amazon is working on what would likely be a cup base, but it's not quite long enough to create a potential buy point.

Netflix Subscribers Hit 125 Million

Shares of Netflix have surged this week to a new high on strong Q1 results and guidance. Netflix streaming subscribers now total 125 million worldwide, with strong growth expected to continue Shares have rallied 133% over the past year, leading all FANG stocks and blowing out the S&P 500's 16% advance over that time.

Facebook

Facebook is up just 18% over the past 12 months and down 6% so far in 2018. The stock sold off sharply in late March on revelations that Cambridge Analytica had unauthorized data on some 87 million Facebook users. The social giant said third parties have likely scrapped data from most of its two billion users. The stock has recouped some losses, helped by a decent performance by CEO Mark Zuckerberg at congressional hearings. But Facebook shares have been lagging the S&P 500 since Nov. 1.

Facebook user growth is slowing, new regulations are likely, and the company is spending more to root out fake news and Russian interference. To make matters worse, Amazon appears to be grabbing a bigger piece of the online ad market, cutting into Facebook and Google.

Alphabet

Alphabet shares have climbed 26% in the last 12 months, up slightly in 2018. Facebook's woes hit Alphabet shares somewhat, amid concerns about how regulators might target Google's own data practices. Alphabet's RS line hasn't made much headway in the past year. The stock did retake its 50-day line on Tuesday.

Apple

As for Apple, the iPhone maker also is up 26% over the past year. The stock is up modestly in 2018, approaching a new 183.60 buy point. Apple dipped 0.2% to 177.84 on Wednesday. The RS line is at consolidation highs but hasn't made much progress in 11 months.

On the downside, the stock's recent advance has been in light volume.

Apple was off 1.4% in premarket trading. That could reflect an earnings miss by Taiwan Semiconductor ( TSM). The world's largest chip foundry, which makes chips for Apple, Nvidia ( NVDA) and many others, warned of weak smartphone demand.

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The post Stock Market Futures Hold Support; Amazon Prime And This FANG Divergence Tell A Story appeared first on Investor's Business Daily.


7. Premarket: Futures Slip With GE, Oil Names Set To ReportЧт., 19 апр.[−]

Premarket action pointed to a weak start on Friday, with stock futures moving lower after chip-sector meltdown on Thursday dragged down the Nasdaq and S&P 500, and left the Dow with its second straight decline.

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Stock futures for the Nasdaq 100 slipped out of early gains to trade 0.4% below fair value. Dow Jones industrial average futures dropped 0.3% and S&P 500 futures traded 0.2% lower.

Apple ( AAPL), down 0.3% in premarket action, was not leaning toward an early rebound from its 2.8% decline on Thursday. The four FANG stocks: Facebook ( FB), Amazon.com ( AMZN), Netflix ( NFLX) and Google parent Alphabet ( GOOGL), were all lower in premarket trade.

Dow component General Electric ( GE) gained less than 0.1%, ahead of its Friday morning earnings report. GE has been a big laggard on the index this year.

Growth Stocks Pummeled In Premarket Trading

Growth stocks continued taking a beating in premarket trade. Atlassian ( TEAM) toppled 13% after its fiscal third-quarter results bested expectations but its outlook disappointed analysts. That positioned the stock for a gap-down open on Friday that would put it below its 10-week moving average. The move would erase most of the gains accrued following a January breakout above a 53.55 buy point.

Footwear brand Skechers ( SKX) imploded 21% in Thursday's extended session. The Manhattan Beach, Calif., brand narrowly topped earnings and revenue estimates. But weak guidance was the bugbear, sending futures into a tailspin and setting up the stock to open sharply below its 10-week moving average on Friday.

Will Chip Stocks Rebound?

Chip stocks could be a determining factor in Friday's trade, if value investors step in after Thursday's losses. The Philadelphia Semiconductor Index dumped 4.3% Thursday — its worst performance since early February. The index's biggest decliners on Thursday — MKS Instruments ( MKSI), Lam Research ( LRCX) and Applied Materials ( AMAT) — were narrowly mixed in premarket trade.

Crude Oil Prices, Energy Stocks In Focus

Crude oil prices were flat early Friday, after backing off a fraction on Thursday. U.S. benchmark crude held well above $68 per barrel — snug up against a three-year high and up 1.3% on the week so far. Oil and gas groups ended Thursday's session largely flat, although WildHorse Resource Development ( WRD) rose 2.5% and Diamondback Energy ( FANG) added 1.4%. Both socks were flat early Friday.

Oil prices will be a point of interest Friday as a panel of ministers for the Organization of Petroleum Exporting Countries, reportedly including officials from Russia, meets in Jeddah, Saudi Arabia. Several oil stocks are near buy points in valid bases.

In addition, Baker Hughes ( BHGE) releases its weekly rig count report at 1 p.m. ET. Baker Hughes also reports its first-quarter results Friday morning. Field services giant Schlumberger ( SLB) also plans to report Friday morning.

Consensus views project Baker Hughes will report a 500% earnings gain and a 140% surge in revenue as the company continues to ride the boost from its combination in July with the oil and gas unit from General Electric. Baker Hughes shares on Thursday were up 32% from a February low and below a 37.33 buy point in a possible bottoming base.

Schlumberger is forecast to post a 48% earnings gain. That would mark its fourth straight advance as it recovers from nine quarters of declines.

Other names expected to report Friday include Gentex ( GNTX), Stanley Black & Decker ( SWK) and TransUnion ( TRU).

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The post Premarket: Futures Slip With GE, Oil Names Set To Report appeared first on Investor's Business Daily.


8. Indexes End Mixed As IBM Crimps Dow; Airlines, Energy Stocks RallyСр., 18 апр.[−]

The Dow struggled straight through the closing bell Wednesday, marking a mixed finish for the market as gains narrowed in late trade. Still, the three major indexes held or gained ground above their 50-day moving averages.

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The Dow Jones industrial average ended down 0.2%. A 2.8% run up by Home Depot ( HD) and an afternoon rally among blue chip energy names helped the Dow hold some ground vs. IBM's ( IBM) 7.5% slide.

The S&P 500 eased to an advance of less than 0.1%. Textron ( TXT), CSX ( CSX) and Intuitive Surgical ( ISRG) powered the index through much of the session, holding their ground after early breakouts. Rallying airline and energy stocks shared several of the index's top gains.

The Nasdaq closed up 0.2%, but off its session highs. Intuitive Surgical, CSX and American Airlines ( AAL) led the Nasdaq 100. Quarterly results sent chip equipment maker Lam Research ( LRCX) to the low end of the Nasdaq 100, and triggered broader losses within the chip sector.

Apple ( AAPL) shed its afternoon gains and closed down 0.2%. And three of four FANG-stock tech leaders gave up ground. The hold out, Amazon.com ( AMZN), jumped 1.6%. The stock was buoyed by an agreement with Best Buy ( BBY) to sell smart television sets powered by Amazon's Fire TV operating system. Best Buy shares ended 3.6% higher.

Airlines Fly As Oil, Energy Stocks Rally

Transportation and energy issues were driving factors in afternoon trade.

United Continental Holdings ( UAL) reported a mixed bag of first-quarter results. But an outlook for flat-to-lower costs and expanded routes helped hoist shares 4.8%. The stock is fighting to build the right side of a 10-month consolidation.

American Air soared 4.4%. Delta Air Lines ( DAL) jumped 1.2%. Southwest Airlines ( LUV) jetted 2.9% higher, despite an emergency landing by one of its aircraft Tuesday after an engine disintegrated at cruising altitude. One passenger was killed in the incident.

Crude oil prices spiked more than 3%, sending U.S. bench mark crude well above $68 per barrel for the first time since December 2014. On the Dow, Chevron ( CVX) and Exxon-Mobil ( XOM) ended up 1.9% and 1.1%, respectively. Devon Energy ( DVN) snatched a top advance among S&P 500 stocks with an 7.2% gain.

Among growth stocks, WildHorse Resource Development ( WRD) jumped 3% in an eighth straight advance. IBD 50 stock Venom Energy ( VNOM) popped 1.2%, also an eighth up session in a row. Both stocks are extended above cup bases.

3 Gap-Up Breakouts Hold, As eBay Backtracks

CSX, Intuitive Surgical and Textron all scored gap-up breakouts in the stock market today.

CSX was up 7.9% as it broke out past a 60.14 buy point in a four-month-long base. The breakout, fueled by healthy first-quarter results, remains in play: The buy range extends through 63.15. The base is a second-stage pattern, which is good. The stock's relative strength line has been trending higher since February and made a new high from the time the stock was basing.

Intuitive Surgical swelled to an 8.2% gain. That move, also driven by positive earnings, left the stock still in a buy range above its entry at 452.10. Intuitive's relative strength line broke cleanly to new highs along with the breakout, a good sign.

Textron closed up 6.8% and held its ground. The maker of Cessna aircraft reported a strong earnings beat and the sale of its tool unit. It remained in buy range above a 62.29 buy point. The stock has formed multiple second-stage bases, climbing less than 20% between each consolidation. Like Intuitive, Textron's RS line punched through to new highs along with its gap-up at the open today. That is a reinforcing signal for the stock's move to new highs.

EBay ( EBAY) bolted out of the stating gate Wednesday with a 5.6% advance. But the stock met resistance at its 50-day moving average, and pared its gain to 2.8% at the close. Morgan Stanley upgraded the stock and hoisted its price target to 58 from 36, citing a new payment program under development. EBay is attempting to build the right side of a double-bottom base. The buy point is 44.40.

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The post Indexes End Mixed As IBM Crimps Dow; Airlines, Energy Stocks Rally appeared first on Investor's Business Daily.


9. Stock Market Higher As EBay Gets Upgrade, 2 Techs Break OutСр., 18 апр.[−]

The stock market was higher Wednesday morning, with earnings news driving the bulk of early action as the market looked to add to Tuesday's bullish action.

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The Dow Jones industrial average edged up 0.1%, held back by IBM's ( IBM) steep post-earnings decline. The Nasdaq composite and S&P 500 added 0.4% each as both indexes extended gains.

CSX ( CSX), eBay ( EBAY) and Intuitive Surgical ( ISRG) hauled the Nasdaq higher. Textron ( TXT) and CSX posted the widest gains among S&P 500 stocks. Chip equipment maker Lam Research ( LRCX) and IBM chalked up the largest declines on the stock market today among S&P 500 issues.

Textron and Intuitive Surgical gapped up past buy points, each marking a breakout —at the starting bell. Railroad CSX also narrowly topped a buy point at 60.14, but quickly retreated back to below the entry.

Crude oil prices pulsed nearly 2% higher early Wednesday, with U.S. bench mark crude climbing to near $68 per barrel. That put prices within pennies of Friday's high, which marked oil's strongest level since November 2014.

The American Petroleum Institute on Tuesday reported a slightly smaller-than-expected draw on crude inventories during the prior week. It also reported a surprise 2.47 million-barrel draw on gasoline supplies, vs. expectations for a 0.2% takeout. The API numbers are generally considered preliminary to weekly supply data from the Energy Information Administration. Those data are due out at 10:30 a.m. ET.

At 2 p.m. ET, the Federal Reserve releases its March Beige Book report.

EBay Price Target Hiked 60%; Caterpillar Leads, IBM Lags On Dow

EBay vaulted 3.4% in early trade. Morgan Stanley raised its price target on the stock by more than 60%, to 58, from 36. It also raised its rating two notches to overweight, from underweight. The note based the upgrade on eBay's recent announcement that it was developing a new payment systems with Netherlands-based Adyen. EBay shares are rebounding from support at their 40-week line, within a two-month consolidation.

On the Dow, Home Depot ( HD) and Caterpillar ( CAT) staked out early leads, up 2.1% and 1.6%, respectively. Caterpillar is working on a second weekly advance in its rebound from support at its 40-week line.

IBM foundered 6.3% in early trade. The legacy tech brand late Tuesday posted stronger-than-expected results for the first quarter. It also reported a second straight quarter of year-over-year revenue growth for the first time in more than four years. Full-year earnings guidance was just shy of consensus views, however. The stock has had little success in attempts to climb out of a 13-month consolidation.

Stock Market Today: CSX, Intuitive, Textron Break Out On Earnings

Earnings news drove the lion's share of Wednesday's premarket session, with action among stock futures sharply divided after reports.

In addition to IBM's early loss, chip equipment makers Lam Research and ASML Holding ( ASML) dropped 5.4% and 3.6%, respectively. Broadband cable systems maker Adtran ( ADTN) tumbled 6.6%.

On the upside, Morgan Stanley ( MS) rose 2.9%, United Airlines ( UAL) surged 2.4%, CSX throttled up 6.9% and Interactive Brokers Group ( IBKR) gained 1% following their quarterly results.

Intuitive Surgical trimmed its early gain to 3.4%, pulling back below its buy point at 452.10. The maker of the da Vinci robotic surgical system reported a 25% gain in earnings per share and an 18% rise in revenue for its first quarter late Tuesday. The number of surgical systems shipped soared 39% during the quarter, with procedures performed using the da Vinci system rising 15%.

Defense contractor Textron powered up 7.2% in the stock market today, after scoring big beats in its first-quarter revenue and earnings. The premarket move implies a starting bell breakout above a 62.29 buy point in a two-month flat base. Premarket moves among stock futures do not always carry through into regular trade.

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The post Stock Market Higher As EBay Gets Upgrade, 2 Techs Break Out appeared first on Investor's Business Daily.


10. Premarket: Intuitive Surgical, United Soar As 2 Top Tech Stocks DiveСр., 18 апр.[−]

Tech stocks were under some pressure in early trade Wednesday, as stock futures steered toward a positive start.

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Futures for the Dow Jones industrial average were 0.3% above fair value though IBM ( IBM) dragged on early action. S&P 500 futures nosed up 042%, while Nasdaq 100 futures scratched out a 0.4% gain.

Along with IBM, Intuitive Surgical ( ISRG), Lam Research ( LRCX), railroad CSX ( CSX) and United Airlines ( UAL) were among the leading names active in early trading.

Medical and tech stocks had powered the market Tuesday, as the major indexes seized powerful gains in rising trade. Netflix ( NFLX), Goldman Sachs ( GS) and UnitedHealth ( UNH) posted first-quarter results that all carried elements of upside surprise. Investors sent more stocks to news highs than any session in the past five weeks.

The Dow, Nasdaq and S&P 500 all climbed above their 50-day moving averages in Tuesday's session. That technical line had presented a possible barrier to the market's week-old uptrend. The test through the remainder of the week is whether the benchmark indexes are able to maintain that new level of support.

Intuitive Surgical, United Climb; Tech Stocks IBM, Lam Slide

Among the top tech stocks in early motion, Intuitive Surgical bolted 5.4% higher. The maker of the da Vinci robotic surgical system reported a 25% EPS gain and an 18% rise in revenue for its first quarter late Tuesday. The number of surgical systems shipped soared 39% during the quarter, with procedures performed using the da Vinci system rising 15%.

Intuitive's shares rose 4.7% in regular trade Tuesday, the stock's best session since January. Shares are more than two months into a new base, closing Tuesday less than 4% below the potential buy point at 452.10.

Lam Research tumbled 6.6% in late action, despite a largely positive fiscal third-quarter report. The chip equipment leader's earnings swept up 71%; revenue jumped 34%. Both were above consensus targets. Q4 guidance also surpassed expectations. Lam is the first chip-sector name to report results during a season in which investors are feeling flighty about chip stocks in general.

Lam shares surged 4.3% in Tuesday's regular trade. The stock has been consolidating for nearly six weeks.

United climbed 3% in premarket trade. Its first-quarter revenue and earnings squeaked past analysts targets. Second-quarter guidance was positive. The company's quarterly conference call is set for 10:30 a.m. ET today. United shares are consolidating, but have a long way to go before reaching a valid buy point.

On the Dow, IBM dived 4.8% after Tuesday's close. The legacy tech brand posted stronger-than-expected Q1 results, and reported a second straight quarter of year-over-year revenue growth for the first time in more than four years. Full-year earnings guidance was just shy of consensus views, however. The stock has had little success in attempts to climb out of a 13-month consolidation.

IBD 50 issue Interactive Brokers ( IBKR) edged up 1.5% in premarket trade. The Greenwich, Conn.-based online broker reported larger-than-forecasts sales and earnings gains after Tuesday's close. The stock closed Tuesday in a buy range, above a 74.21 buy point in a flat base.

Financial And Tech Earnings, Oil Prices In Focus Wednesday

Morgan Stanley ( MS), ASML Holding ( ASML) and U.S. Bancorp ( USB) are among the names reporting results early Wednesday.

Wednesday's session also offers a simple calendar of economic releases. Homebuilding stocks aren't likely to see much reaction to weekly mortgage applications data, due out from the Mortgage Bankers Association before the open. Later in the morning, energy stocks and oil prices, now hovering near three-year highs, may respond to weekly oil inventories news from the Energy Information Administration. In the afternoon, the Federal Reserve releases its March Beige Book.

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The post Premarket: Intuitive Surgical, United Soar As 2 Top Tech Stocks Dive appeared first on Investor's Business Daily.


11. Nasdaq Takes Control, As New Highs Hit 5-Week PeakВт., 17 апр.[−]

U.S. stock indexes broke through resistance at the 50-day line Tuesday in a bullish move that also delivered the most new highs in five weeks. Meanwhile, Goldman Sachs ( GS) and Apple ( AAPL) signaled what is wrong and right with the market.

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The Nasdaq galloped ahead 1.7%, while the S&P 500 and the Dow Jones industrial average popped 1.1% and 0.9%, respectively.

Small caps kept to the chase, as the Russell 2000 added 1.1% in another bullish showing.

Volume picked up in the afternoon and stayed up. The Nasdaq and NYSE both showed modestly higher volume compared with Monday, based on preliminary data.

New highs provide an important indicator, and lately the totals have been discouraging. But on Tuesday, the count rose to the most in five weeks, according to preliminary data. This would be another sign that the market uptrend is real.

Bullishness, though, isn't shared everywhere. The banks have had trouble getting credit for any earnings report.

Two Banks Join The Shrug Club

Goldman Sachs became the latest big bank to report strong quarterly results and then shrug off the performance. Goldman's earnings came in well above estimates. But the stock reversed to a 1.8% loss in heavy volume.

Dallas-based Comerica ( CMA) reported a 51% increase in earnings, above the consensus estimate. The narrow beat earned a slap in the face as the superregional stock fell 3.5%.

The banks recently have shown that the most dangerous thing for them is to beat earnings estimates.

Besides topping earnings expectations by about 25%, Goldman boosted its dividend by 5 cents to 80 cents a share.

Other big banks did just fine Tuesday. Bank of New York Mellon ( BK) rose 0.4%. JPMorgan Chase ( JPM) was flat. Bank of America ( BAC) added 0.4%.

Why the trouble among banks and their earnings beats? Uncertainty surrounds the proposed changes to the Dodd-Frank law. Banks don't like the Dodd-Frank regulations, but the Republicans have not been able to unite on a plan to either repeal or amend the law.

The selling in bank stocks could be profit-taking, given the run-ups many banks enjoyed in 2017.

Apple Shows What's Right

Meanwhile, Apple is showing that no news can be good news. Apple rose 1.4% as it notched its ninth gain in 11 sessions. This was accomplished without an earnings report.

Apple will report quarterly results May 1 after the close. The stock is only 3% off its high, forming a base with a 183.60 buy point.

Analysts expect Apple's quarterly earnings to jump 29% to $2.70 a share. A 29% gain would be Apple's best in 10 quarters.

Taming The 50-Day Line

The 50-day line had been a problem since mid- to late March for the Nasdaq and the S&P 500. The indexes broke above the 50-day line Tuesday morning and closed above the line with no trouble along the way.

A close above the line helps validate the market's uptrend.

If the 50-day line has been converted from resistance into support, the next resistance area would be at the 7500 price level for the Nasdaq and the 2800 area for the S&P 500.

Apart from those technical tests, the market is still vulnerable to news events. China announced Tuesday that it would slap a tariff on U.S. sorghum imports. The move followed the U.S. decision Monday to ban U.S. firms from selling parts to Chinese phone maker ZTE Corp. for seven years.

The U.S. Commerce Department said ZTE violated an agreement when it shipped U.S. goods to Iran.

Bullish Action

Cloud security provider Qualys ( QLYS) broke out of a flat base in heavy volume. The stock surged 5.7% to clear a 79.50 buy point in a flat base. The pattern, though, is a late-stage one.

Chemical products maker Celanese ( CE) gapped up about 4%. The stock broke above a 109.35 buy point in a double-bottom base. A double-bottom base is shaped like the letter W. The middle peak is the buy point.

Meanwhile, the FANG stocks were up without exception midday Tuesday. Facebook ( FB) added 2%, Amazon.com ( AMZN) rose about 4%, Netfix ( NFLX) jumped 9%, and Alphabet ( GOOGL) picked up 3%.

Netflix's gain came after reporting results and strong subscriber growth late Monday.

Some stocks made new highs, but strong volume was missing. For example, Domino's Pizza ( DPZ) rose 2% to clear a 236.10 buy point in a base-on-base pattern. Without strong volume, there's no sign that funds are driving the move.

Among IBD's 197 industry groups, the day's best performers were mostly tech-oriented groups. The biggest losers included tobacco, meat and soap — the defensive areas.

Coming Up Wednesday

Companies reporting earnings Wednesday include banks Morgan Stanley ( MS) and U.S. Bancorp ( USB), aluminum maker Alcoa ( AA) and blue-chip American Express ( AXP).

The Federal Reserve's Beige Book report for March will be released Wednesday at 2 p.m. ET, according to Econoday.

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The post Nasdaq Takes Control, As New Highs Hit 5-Week Peak appeared first on Investor's Business Daily.


12. Premarket Trading: Blue Chips, Netflix Power Up; China Adds TariffsВт., 17 апр.[−]

Tuesday's premarket trading received several shots in the arm. First was Netflix ( NFLX), which surged after reporting strong first-quarter results late Monday. Then a cohort of blue chip names kicked in and posted early advances, following above-expectation quarterly results.

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The result: futures for the Dow Jones industrial average vaulted 1%. The S&P 500 traded 0.8% above fair value. Nasdaq 100 futures pressed 1.1% higher.

Netflix was the premarket trading powerhouse, up more than 7% and easily the largest gainer among Nasdaq 100 and S&P 500 stocks. Merck ( MRK) bolstered the Dow in early trade, following an analyst upgrade. But the drugmaker quickly surrendered its lead as investors waded into an early batch of blue-chip earnings reports from Goldman Sachs ( GS), Johnson & Johnson ( JNJ) and UnitedHealth Group ( UNH).

The positive premarket trading poised the week-old uptrend to hurdle resistance. The uptrend is in good standing, carrying no distribution days. But the 50-day moving average remains the key test for all three major indexes. The Dow failed to hold above its 50-day line on Monday, and the Nasdaq and S&P 500 have yet to break back above the critical level of support.

Premarket action suggested the Dow and the S&P 500 would open above their 50-day lines. Keep in mind that futures-driven premarket trading does not always translate to action during the regular session.

Merck, J&J, UnitedHealth, Goldman Hoist Dow Premarket Trading

On the Dow, UnitedHealth rolled up an early 2.5% gain on first-quarter results that were stronger than expected. The stock retook its 50-day line of support with a 2.6% gain on Monday, attempting to start up the right side of a four-month consolidation.

Also on the Dow, Merck buzzed ahead 2.1%, after Morgan Stanley upgraded the stock to overweight, from equal weight. The drugmaker surged 2.6% in heavy trade Monday, after the company's lung-cancer treatment outperformed competitors in clinical trials. Merck is up 11% from an early April low and, like the overall Dow index, stands poised to test resistance at its 50-day moving average.

Further down the list of early Dow advancers, Johnson & Johnson trimmed its early gain to 0.3%. The medical products leader reported first-quarter results in which earnings and revenue topped analysts' targets, and full-year guidance met or beat expectations.

Goldman Sachs reversed an early loss, stepping up 0.9% after clobbering first-quarter earnings expectations and raising its quarterly dividend nearly 7%. The stock has spent three days fighting resistance at its 50-day moving average.

Netflix Paces Nasdaq 100, S&P 500, Leaderboard Stocks

IBD Leaderboard stocks churned out some strong early moves, drafting Netflix's early advance. The streaming entertainment leader reported first-quarter sales and earnings only narrowly above consensus targets. But a blowout beat in subscriber growth surprised investors and launched shares higher in premarket trading. Netflix shares remain extended after a rebound from support at their 10-week moving average.

Planet Fitness ( PLNT) popped 1.6% ahead of the open. The gym network ended Monday a bit more than 2% below a 40.14 buy point in a second-stage flat base.

Leader peer Lululemon Athletica ( LULU) pared its early surge back to 0.3% in premarket trading. The company late Monday named Patrick Guido its chief financial officer, effective April 30. The stock has jumped 18% over the past three weeks.

China GDP Expands, Announces New Tariffs

China-based stocks were mixed, as after markets in Hong Kong and Shanghai ended lower Tuesday, despite data showing the country's GDP expanded 6.8% during the first quarter. Retail sales surged 35.4%, while investment in education soared 26.9%. China's Commerce Ministry also announced its would impose 179% tariffs on sorghum imported from the U.S. The ministry said an investigation found the grain was unfairly subsidized by the U.S. government.

March IPO IQiyi ( IQ) jumped 2.3% in premarket trading. Shares of the Netflix-like platform advanced over the past six sessions, rising 9.7% above their March 29 IPO price.

Housing Starts, Factory Utilization

Housing starts jumped in March to an annualized rate of 1.32 million, the Commerce Department reported. That was a healthy uptick from February's disappointing 1.295 rate of home starts, startling economists who had projected a rate of 1.264 million new projects.

Building permits, which gauge upcoming activity, posted an even larger increase — to an annualized rate of 1.354 million. February's permits clocked a 1.321 million pace. Economists had expected March permits issued at a 1.315 million rate.

Industrial production numbers from the Federal Reserve are set for release at 9:15 a.m. ET.

A busy slate for Tuesday's after-hours session includes quarterly reports from railroad CSX ( CSX), Intuitive Surgical ( ISRG) and United Airlines ( UAL). Lam Research ( LRCX) also reports after the close, kicking off the first-quarter reporting season for the chip sector.

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The post Premarket Trading: Blue Chips, Netflix Power Up; China Adds Tariffs appeared first on Investor's Business Daily.


13. Stock Market Futures Soar On Netflix, But This Chip Leader Looms Large For RallyВт., 17 апр.[−]

Stock market futures rose strongly Tuesday morning after blowout subscriber growth and bullish guidance from Netflix ( NFLX) late Monday, with the major market averages likely to test or surpass a key support level.

Fellow FANG stocks Facebook ( FB), Amazon ( AMZN) and Google-parent Alphabet ( GOOGL) showed fractional gains, while Netflix's China partner, iQiyi ( IQ), continued to add to its recent breakout. But Lam Research's ( LRCX) earnings on Tuesday may be more important for the stock market rally.

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During Monday's session, the Dow Jones industrial average led with a 0.9% gain but was unable to close above its 50-day moving average. The S&P 500 index advanced 0.8%, and the Nasdaq composite rose 0.7%.

Stock Market Futures

Stock market futures jumped. Nasdaq 100 futures, boosted by Netflix, advanced 0.9% vs. fair value. S&P 500 futures climbed 0.7%. Dow Jones futures were up 0.75%, helped as UnitedHealth ( UNH) and Johnson & Johnson ( JNJ) edged higher after topping views early Tuesday.

At those gains, the Dow Jones would clear the 50-day line at the open, with the Nasdaq and S&P 500 coming to that level.

Netflix

Leaderboard stock Netflix earned 64 cents a share in the first quarter, up 60% vs. a year earlier, meeting or just beating views depending on what consensus forecast is used. The internet TV giant added 7.41 million streaming subscribers, above its target for 6.35 million. Netflix jumped nearly 7% in premarket trading.

Netflix may not have huge coattails, though. Amazon (Amazon Prime Video), Alphabet (Google YouTube) and Facebook (Facebook Watch) all have competing video products, but those aren't their primary revenue and profit drivers. All three FANG stocks rose less than 1% in the premarket.

Baidu ( BIDU)-unit iQiyi, which came public at 18 in late March, rose 1.3% in the premarket. The so-called "Netflix of China" actually licenses Netflix content for its streaming service. The stock cleared a very short IPO-base buy point at 18.30 last week and is now extended, rising 2.1% to 19.74 on Monday.

Keep in mind that overnight trading in individual stocks or Dow Jones futures often doesn't translate into how the stock market will trade in the next regular session.

Lam Research

Lam Research reports earnings after Tuesday's market close. Analysts expect a 56% earnings gain to $4.36 a share, with revenue soaring 32% to $2.85 billion. Lam has topped EPS targets in each of the past six quarters.

Lam shares fell 0.1% to 203.55 in the stock market today, holding above its 50-day line. The stock is working on a new consolidation, but does not yet have a proper buy point.

It's a top-rated big-cap tech stock, but why is it so important?

Lam Research kicks off earnings for the semiconductor sector, which typically is a leader or contributor in tech rallies. Chips account for a big share of the Nasdaq composite and S&P 500 index. Chips also are in just about every tech product. So if chip stock stocks are faring well, there's a good bet that chip demand is strong, and thus demand for a variety of tech gear is also strong.

And yet, chip stocks have been lagging the S&P 500 index since the market peaked just over a month ago. The Philadelphia Semiconductor Index, or Philly Sox, is finding resistance at its 50-day moving average, like the Dow Jones, S&P 500 index and Nasdaq.

Intel Near A Buy Point

Not all semiconductors are struggling. Chip giant Intel ( INTC) has formed a flat base with a 53.88 buy point. Intel rose 1% to 52.40 on Monday.

Lam Research also has some notable exposure to the memory-chip market. Memory-chip makers, including giant Micron Technology ( MU) and recent IPO Smart Global Holdings ( SGH), were screaming higher until the recent market correction. Since then, they've erased gains from their prior run-ups.

Fellow big-cap chip gear maker ASML ( ASML) and chip foundry Taiwan Semiconductor Manufacturing ( TSM) report later this week.

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14. Stocks Close Higher As Netflix Rallies After The Bell On Earnings ReportПн., 16 апр.[−]

Stocks closed broadly higher Monday, although the Dow Jones industrial average and S&P 500 came up a bit short in reclaiming their 50-day moving averages. Netflix ( NFLX) rose after the close as the company announced results.

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The Dow climbed 0.9% and ended slightly below its 50-day moving average. Getting back above that trend indicator would be a positive sign for the market, which continues to climb from a bottoming signal about a week ago. The S&P 500 also closed just below the 50-day line, up 0.8%.

The Nasdaq composite was up 0.7%. The small-cap Russell 2000 climbed 0.9%. Volume was higher on the Nasdaq and nearly flat on the NYSE compared with the same time Friday. Winners led losers by a 13-to-5 ratio on the NYSE and by about 2-1 on the Nasdaq.

Netflix shares rose about 7% after the close on the company's earnings. Shares are extended after finding support in a pullback to the 50-day moving average. The video streaming company reported quarterly earnings. The company earned 64 cents a share, up 60% and in line with views. U.S. subscriber growth was strong.

Amazon.com ( AMZN) is dropping plans to sell drugs to hospitals, CNBC reported. The news caused drug distributor stocks to rally. McKesson ( MCK) jumped 3.5% and traded back above the 50-day moving average. Cardinal Health ( CAH) rose 3% as it bounces from a four-month low. Drugstore, medical wholesale supply, medical product distributor stocks also were some of Monday's top industry groups in afternoon trading.

Amazon.com shares were up 0.7% but continued to trade below the 50-day moving average.

The transportation sector continued to lead, with logistics, trucking and truck manufacturing among the top 10 industry groups in today's market. J.B. Hunt ( JBHT) jumped 6% in heavy trading after the company beat profit expectations earlier today. The stock climbed back above the 50-day moving average and is forming a base with a 126.59 buy point.

Banks continued their earnings announcements, with Bank of America ( BAC) beating first-quarter earnings this morning. Earnings rose 51% to 62 cents a share. Adjusted revenue rose nearly 4% to $23.1 billion. Analysts had expected 59 cents on revenue of $22.907 billion. The stock erased losses and was up more than 0.4% at the close.

Among defense contractors, United Technologies ( UTX) rose 0.9%, Raytheon ( RTN) 1.4% and Northrop Grumman ( NOC) 0.3%. Raytheon climbed above the 222.92 buy point of a flat base, but volume was fading. Northrop is forming a base with a 359.53 buy point. Boeing ( BA) was up 0.8%.

Defense contractors have been seeing increased interest. Late Friday, the U.S., France and Britain launched a coordinated strike on Syrian chemical weapons facilities after accusing Syria of using such weapons on civilians.

Among breakouts Monday, Proofpoint ( PFPT) rose past the 123.97 buy point of a flat base. But volume was weak. Proofpoint was among several cybersecurity stocks rising Monday as an industry conference got underway and analysts speculated on buyouts for the company.

Cal-Maine Foods ( CALM) broke out in volume about 30% more than average. Shares of the egg producer topped the 48.50 buy point of a cup-with-handle base but closed a bit below the entry. Cal-Maine has been profitable the past two quarters, after posting losses in five of the past six quarters. Sales have rebounded sharply, up 42% in the February-ended quarter.

Several optical stocks slid after the U.S. Commerce Department barred a Chinese company from importing to the U.S.

Officials said the firm illegally shipped telecommunications equipment to Iran and North Korea.

Lumentum ( LITE)tumbled 9%, Oclaro ( OCLR) 15%, Acacia Communications ( ACIA) 36% and Finisar ( FNSR) 4%. Those stocks are in IBD's fiber optics industry group, which had rebounded to No. 26 out of 197 groups. But only Lumentum has an IBD Composite Rating above 90.

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The post Stocks Close Higher As Netflix Rallies After The Bell On Earnings Report appeared first on Investor's Business Daily.


15. Premarket Trading: Futures Rise, Fiber Optic Names Dive, Can Netflix Make It 6?Пн., 16 апр.[−]

Futures moved higher in premarket trading Monday, as defense names pulled back from early gains following Friday's U.S. missile attack on Syria, and investors looked to earnings results from Bank of America ( BAC), Netflix ( NFLX) and others.

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Futures for the Dow Jones industrial average maintained early gains, up 0.6%. Visa ( V) and Intel ( INTC) led the index, each up more than 0.9% in premarket trading.

Futures for the S&P 500 also gained 0.6%. Nasdaq 100 futures strengthened 0.7% above fair value, with retailer Tractor Supply ( TSCO) seizing an early lead after an upgrade from Goldman Sachs.

The market's young rally met resistance Friday as the Dow, S&P 500 and the Nasdaq all deflected from their 50-day moving averages. The three indexes are now contained in the narrowing range between support at their 200-day, and resistance at their 50-day levels. The market's status remains positive, but investors should stay wary — a significant move past either moving average could either reinforce or dismantle the uptrend.

China stocks were mixed in premarket trading after China's stock markets lost ground Monday, and following a tough session on Friday.

Bank of America trimmed its early gain to 0.4% as investors waded through what were generally first-quarter results that were better than expected. The stock has been caught below its 10-week moving average for the past five weeks, within a seven-week consolidation.

Netflix, an IBD Leaderboard stock, is scheduled to report results after the market's close.

Fiber optic stocks were selling down hard in the premarket session. Acacia Communications ( ACIA) crumbled 21%. Oclaro ( OCLR) dropped 10% and Lumentum Holdings ( LITE) fell 9%.

The U.S. led airstrikes vs. Syria late Friday, in retaliation for the Syrian government's alleged use of chemical weapons a week earlier. Russia condemned the action, but threatened no response and said none of its troops stationed in Syria were injured.

President Trump declared "Mission Accomplished" on Twitter on Saturday. On Sunday, Syria returned to bombing civilian locations with conventional weapons. Also on Sunday, the Trump administration announced it was preparing a new round of sanctions against Russia for supporting the Syria regime during the alleged chemical attack.

Netflix Leads FANGs, Northrop Nears Buy Point

On the Dow, defense contractor United Technologies ( UTX) trimmed its early gain to 0.9%. Among other defense-related names, Boeing ( BA) rose 0.8%, Raytheon ( RTN) climbed 0.5% and Northrop Grumman ( NOC) whittled its early advance to 0.3%. Northrop is below a 359.53 buy point in a second-stage flat base.

The four FANG stock tech leaders were all positive ahead of the open, but Netflix gained 1.3% to step out to an early lead. The streaming entertainment leader is sitting atop a five-day advance that left shares up nearly 8% last week. That reversed a four-week decline and provided investors a buying opportunity as the stock rebounded from support at its 10-week moving average. Shares are now extended following that rebound.

Ulta Beauty ( ULTA) popped 2.3% after an upgrade to buy, from neutral, by Guggenheim. The stock is testing resistance at its 40-week moving average as it begins its third, straight weekly advance. It is building the right side of a three-month consolidation.

China Stocks Mixed, IBD 50 Active

China-based stocks pared back early gains in premarket action, following sharp losses on China's markets on Monday. The Shanghai Composite tumbled 1.5% and Hong Kong's Hang Seng Index closed 1.6% lower. The People's Bank of China on Friday further tightened restrictions on brokerages lending to investors and bank-lending to developers. China also expects the release of first-quarter GDP data on Tuesday.

China Lodging Group ( HTHT) dropped 2.5%. The hotel chain reported preliminary first-quarter results showing occupancy rates trailing year-ago levels by notable margins. The stock has been attempting to climb off its 200-day moving average, within a two-month consolidation.

China-based e-commerce services provider Baozun ( BZUN) narrowed a 2% premarket gain to 0.2%. The IBD 50 stock is extended after pulling back to retest a 40.08 buy point following an early March breakout.

Other IBD 50 names were also active early Monday, led by Arista Networks ( ANET) and PagSeguro ( PAGS).

Arista jumped 1.1% in premarket trading, after diving more than 9% on strong trade on Friday. The loss stopped short of undercutting a February, leaving the cloud networking leader's two-month basing effort so far intact.

Brazil-based PagSeguro climbed 1.6% ahead of the open. The January IPO pared losses to less than 1% Friday after finding support at its 50-day moving average. Shares ended down 14% from a March high, and 60% above their IPO price.

Retail Sales Jump, New York Manufacturing Slows

Retail sales increased 0.6% in March, the Commerce Department reported. That reversed February's 0.1% decline and topped consensus forecasts for a 0.4% advance. Autos and gas were a bigger-than-expected share of that action, however. Minus those categories, sales rose 0.3% — equal to their advance in February and below the economists' consensus target for a 0.5% gain.

Manufacturing in the New York region slowed sharply in April, sending the New York Fed's April Empire State manufacturing index to 15.8. That was down from 22.5 in March, outpacing expectations for a smaller decline for the month, to 18.5.

The NAHB's Housing Market Index is set for a 10 a.m. ET release.

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The post Premarket Trading: Futures Rise, Fiber Optic Names Dive, Can Netflix Make It 6? appeared first on Investor's Business Daily.


16. Stock Market Futures Rally After Syria Mission 'Accomplished'; These 5 S&P 500 Stocks Have Big NewsПн., 16 апр.[−]

Stock market futures rallied Monday morning after President Donald Trump signaled that Saturday's attacks on Syria were "mission accomplished." Futures for the S&P 500 index, Dow Jones and Nasdaq 100 were pointing to solid gains at the open as investors look ahead to big earnings and other news this week.

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Earnings season kicks into high gear, with Bank of America ( BAC) just reporting better-than-expected first-quarter earnings. Netflix ( NFLX) and Charles Schwab ( SCHW) also are tap Monday. Meanwhile, Merck ( MRK), Bristol-Myers Squibb ( BMY) will present lung cancer trial data on their competing immuno-oncology blockbusters.

The S&P 500 index, Dow Jones industrial average and Nasdaq composite rallied strongly last week, though they retreated Friday. U.S.-listed China internet and school stocks were big losers while banks sold off despite seemingly good earnings from JPMorgan Chase ( JPM), Wells Fargo ( WFC) and Citigroup ( C).

Given that the Nasdaq composite hit a record high a month ago with the Dow Jones and S&P 500 hitting near-term peaks, a large number of top-rated stocks have formed new flat bases. That includes Bank of America as well as Apple, Intel and other tech titans.

Netflix is the first FANG stock to report earnings. Charles Schwab kicks off online brokerage earnings, with two rivals due later this week. Merck and Bristol-Myers data offer the latest measuring stick for Keytruda and Opdivo.

Bank of America is the latest in a series of big bank earnings reports.

In addition to earnings, investors will get several notable economic reports this morning. The Commerce Department's March retail sales and the New York's April Empire State manufacturing index are due at 8:30 a.m. ET. The NAHB's Housing Market Index is out at 10 a.m.

Stock Market Futures Rise

S&P 500 futures were 0.6% above fair value. Dow Jones futures climbed 0.6%. Nasdaq 100 futures rose 0.7%. Crude oil futures fell more than 1% after their best week in eight months.

The U.S. led airstrikes vs. Syria on Saturday for its alleged use of chemical weapons. But President Trump declared "Mission Accomplished" on Twitter.

That suggests the president is unlikely to continue attacks that could have raised risks of a wider conflict including Russia and Iran. Trump's focus seems to have left Syria, sending out several tweets blasting "slippery" ex-FBI Director James Comey. Still, U.N. Ambassador Nikki Haley said the U.S. would impose fresh sanctions on Russia over its support for Syria.

Remember that extended trading in stock market futures and individual stocks sometimes translates into regular session trading, but often does not.

Netflix, Bank of America, Charles Schwab, Merck and Bristol-Myers Squibb are all S&P 500 stocks.

Netflix Earnings Stream In

Wall Street expects adjusted first-quarter earnings per share of 63 cents, up 57.5%, with revenue soaring 40% to $3.69 billion, according to Zacks Investment Research. Netflix has predicted it would add 6.35 million streaming video subscribers for a global total of 123.93 million. It sees 1.45 million new U.S. subscribers and 4.9 million new overseas subscribers.

Several analysts raised price targets last week, bullish on Netflix's growth. Its stock surged 7.9% last week, rebounding off its 50-day line. Netflix has been consolidating for a few weeks but does not yet have a proper base and buy point.

Netflix is an IBD 50 stock and on IBD's Leaderboard.

Bank of America Has A Buy Point

Bank of America reported earnings rose 51% vs. a year earlier with revenue up 4%, both modestly above views. Goldman Sachs ( GS) Tuesday, Morgan Stanley ( MS) Wednesday.

Bank of America has formed a flat base with a 33.15 buy point, but shares are trading below their 50-day line. BofA hit resistance at that key level Friday, reversing lower to fall 2.8% at 29.80.

BofA rose 0.7% in premarket trading.

Charles Schwab

Charles Schwab's EPS should jump 38% to 54 cents as revenue grows 14% to $2.37 billion.

Schwab broke out March 9, but fell back below the buy point on March 14. The stock fell enough to invalidate that entry and has not yet formed a new base.

Fellow online brokers Interactive Brokers ( IBKR) and E-Trade Financial ( ETFC) report Tuesday and Thursday, respectively. Analysts expect strong earnings from those two IBD 50 stocks.

E-Trade Financial is in a buy zone, while Interactive Brokers has just formed a flat base.

TD Ameritrade ( AMTD) has a flat base as well. TD Ameritrade, which also is on the IBD 50, will report earnings on April 24.

Merck, Bristol-Myers Lung Cancer Data

Last week Merck and Bristol-Myers Squibb announced positive results for their respective immuno-oncology drugs, Keytruda and Opdivo, in treating non-small lung cancer. They will provide clinical data from those trials at the American Association for Cancer Research annual meeting on Monday. The AACR event runs from Saturday through Wednesday.

Merck's Keytruda has had the upper hand on Bristol's Opdivo in recent years.

Merck on Sunday announced positive Keytruda results from a Phase III trial in melanoma patients.

The Dow Jones drug giant will hold an investor webcast Monday evening starting at 7:45 p.m. ET.

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The post Stock Market Futures Rally After Syria Mission 'Accomplished'; These 5 S&P 500 Stocks Have Big News appeared first on Investor's Business Daily.


17. Indexes Mark Weak Close; Strong Earnings From JPMorgan Not EnoughПт., 13 апр.[−]

A solid earnings report from JPMorgan ( JPM) wasn't enough Friday as the Dow ended near its session low, falling 0.5%.

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The Nasdaq composite and Dow Jones industrial average gave back 0.5%, while the S&P 500 eased 0.3%. Preliminary data showed volume on the Nasdaq coming in lower than Thursday, and NYSE volume edging slightly higher.

JPMorgan Reports Solid Results

JPMorgan ( JPM) reversed lower even as earnings and sales topped expectations. Shares fell nearly 3%. Citigroup ( C) also gave back an early gain after reporting earnings. Shares dropped 1.5%.

Elsewhere, F5 Networks ( FFIV) was a bright spot after William Blair upgraded the networking giant to outperform from market perform. F5 gapped up over a 154.01 buy point, rising 4.5% to 155.06.

In the stock market today, Zillow ( Z) gapped below the 50-day moving average on reports the company is getting into the business of buying and flipping homes. Research firm Craig-Hallum downgraded shares to hold from buy. Shares plunged 6.5% in huge volume.

Arista Networks ( ANET) dived 9% after Cleveland Research downgraded shares to neutral from buy and lowered its fiscal 2018 earnings estimate.

New issue Dropbox ( DBX) plunged nearly 10% after Nomura Instinet initiated coverage with a reduce rating and 21 price target. Dropbox tried to clear a short IPO base with a 34.47 buy point Thursday but came up short.

Bitcoin Up Again

After soaring 14% Thursday, Bitcoin topped the $8,100 level Friday, rising another 2%.

Bitcoin Investment Trust ( GBTC) added another 8% after jumping nearly 9% Thursday. It reclaimed the 200-day moving average Thursday, but it's still more than 60% off its recent high. The 50-day moving average around 14.50 is a potential resistance level to watch. Other Bitcoin-related issues rose Friday, including Riot Blockchain ( RIOT) and Marathon Patent Group ( MARA), but Overstock.com ( OSTK) reversed lower.

Chip Names In The News

Meanwhile, a couple of high-profile semiconductor names made early headlines. Shares of Broadcom ( AVGO) jumped 3% after the company announced a $12 billion share buyback. Broadcom had turned into a laggard in the chip space with a poor Relative Price Strength Rating of 42 and ugly Accumulation/Distribution Rating of E.

Qualcomm ( QCOM) added around 1% on news former chairman Paul Jacobs is in talks with investors regarding a bid to take Qualcomm private. Broadcom tried to acquire Qualcomm for $120 billion in a hostile takeover, but President Trump nixed the deal in March because of concerns about national security risks.

Inside the IBD 50, growth stock Netflix ( NFLX) closed near its session low but still rose 0.8%. Earnings from the Leaderboard name are due Monday after the close. Earnings are expected to jump 60% from a year ago, with sales up 40% to $3.69 billion.

China-based growth stocks also took hits in the IBD 50, with Baozun ( BZUN), Weibo ( WB), TAL Education ( TAL) and Daqo New Energy ( DQ) showing losses ranging from 2% to 7%.

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The post Indexes Mark Weak Close; Strong Earnings From JPMorgan Not Enough appeared first on Investor's Business Daily.


18. Stock Futures Gain Strength As 4 Big Banks Report; Broadcom RocketsПт., 13 апр.[−]

Stock futures firmed up their early gains on Friday, as global stock markets moved generally higher. The major indexes lined up for a critical test of resistance. And the first-quarter earnings season launched its big kick-off with Citigroup ( C), JPMorgan ( JPM), PNC Financial ( PNC) and Wells Fargo ( WFC) reporting results.

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Futures for the Dow Jones industrial average strengthened to 0.6% above fair value. S&P 500 futures also climbed 0.6%, and Nasdaq 100 futures built their early gain to 0.5%.

Chip stock futures were active ahead of the open. Broadcom ( AVGO) swung to a wide early lead among Nasdaq 100 stocks. The company announced a $12 billion stock buyback late Thursday. On the Dow, Intel ( INTC) posted a strong premarket gain. In addition, advances by Qualcomm ( QCOM), Netflix ( NFLX) and Tesla ( TSLA) also helped bolster premarket trading.

For the week, the Dow Jones industrial average and the S&P 500 each rolled up advances of 2.3% through Thursday. The Nasdaq hammered out a 3.3% gain. The gains, which came in rising volume, initiated a new uptrend on Tuesday. But that young uptrend and all three indexes still face a crucial test of resistance at their 50-day moving averages. The Dow industrials, S&P 500 and the Nasdaq Composite all closed Thursday within 1% of that hurdle.

Broadcom, Intel Lead Chips; JPMorgan, Wells Fargo Beat Targets

On the Dow, JPMorgan pulled 1.2% higher after its first-quarter results beat analyst targets by healthy margins. JPMorgan stock is attempting to retake support at its 10-week moving average, as it climbs the right side of a seven-week base.

Also among big banks, Wells Fargo stock futures advanced 1.3%. The San Francisco bank's first-quarter earnings beat estimates and revenue slipped less than expected. The bank's efficiency ratio — a gauge of expenses vs. revenue — swelled to 64.9%, vs. 62% a year ago.

Citigroup also climbed 1.3% after beating earnings views. Pittsburgh-based PNC Financial slumped 1.6% after earnings just met expectations, and revenue growth stopped just short of forecasts.

Among chip stocks, Broadcom sprung more than 4% higher, easily leading the Philadelphia Semiconductor Index. The Singapore-based chip giant abandoned its $117 billion to acquire Qualcomm after an order from President Trump said the combination presented a national security risk and blocked the deal. Broadcom said Thursday it would continue delivering investors 50% of trailing 12-month free cash flow in the form of dividends, while applying the remainder to acquisitions and opportunistic buybacks. The stock ended Thursday 2% below its 10-week moving average, and down 16% from its high in November.

Qualcomm shares rose 2% in premarket action.

Dow-issue Intel gained 0.6% as the stock looked to add to its 3% advance from Thursday. The stock is extended, above a 47.40 buy point, as well as a rebound from 10-week support. It is trading just below its March 13 high. If it does not top that high today, its current consolidation will mature into a flat base, with a buy point indicated at 53.88.

Tesla Climbs; Netflix Upgraded

Tesla muscled up 3.1% in premarket trading. An early tweet from Chief Executive Elon Musk said the company would be profitable and cash-flow positive by the third or fourth quarter. Tesla shares closed Thursday down 1.7% so far for the week. The company has been wrestling headlines around a U.S. National Transportation Safety Board probe of a fatal accident involving a Tesla on March 23. Tesla reportedly withdrew its cooperation with the investigation on Thursday.

Netflix jumped 2.6%, and once led its FANG stock peers, as well as the IBD 50 list of leading growth stocks. Deutsche Bank upgraded the IBD Leaderboard stock to buy, from hold, and hoisted its price target to 350, from 240. Netflix ran up 7% for the week through Thursday, buoyed by a bevy of analyst price target increases. The stock retook its 10-week moving average in the process. Shares are in the fifth week of a shallow consolidation, and tracking toward their first advance in five weeks.

Coming Up: Consumer Sentiment, JOLTS Report

On Friday's economic calendar, the University of Michigan reports its April consumer sentiment estimate and the Labor Department releases the February Job Openings and Labor Turnover Survey, both at 10 a.m. ET. BakerHughes ( BHGE) delivers weekly rig count data at 1 p.m. ET.

Officials from the Federal Reserve will be out in force. Boston Federal Reserve Bank President Eric Rosengren, St. Louis Federal Reserve Bank President James Bullard and Robert Kaplan, president of the Dallas Federal Reserve are all scheduled to speak during the day.

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The post Stock Futures Gain Strength As 4 Big Banks Report; Broadcom Rockets appeared first on Investor's Business Daily.


19. S&P 500 Futures Rise As JPMorgan Beats; Watch These 4 Chip GiantsПт., 13 апр.[−]

S&P 500 futures rose modestly Friday morning, turning higher along with Dow Jones futures and Nasdaq 100 futures. JPMorgan Chase ( JPM) reported better-than-expected earnings, providing a modest lift to stock futures.

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The S&P 500 index, Nasdaq composite and Dow Jones industrial average rose roughly 1% Thursday, continuing to rebound.

S&P 500 Futures

S&P 500 futures rose 0.3% vs. fair value. Dow Jones futures were up 0.3%. Nasdaq 100 futures gained nearly 0.2%. However, stock market futures often don't translate into how the S&P 500 and other major averages trade in the next session.

On Friday, JPMorgan Chase topped earnings and revenue views. Citigroup ( C) and Wells Fargo ( WFC) also report earnings today, kicking off first-quarter results for banking giants.

Chip Stocks To Watch

Broadcom ( AVGO) popped in extended trading after the chipmaker said it would buy back up to $12 billion of its stock. Broadcom has been struggling for months, with President Trump blocking its bid for fellow Apple iPhone chipmaker Qualcomm ( QCOM) on national security grounds. Beaten-down Qualcomm also was up overnight on fresh takeover buzz.

But investors may want to take a look at Intel ( INTC) and Taiwan Semiconductor Manufacturing ( TSM). Both are consolidating well as the stock market rallies.

Broadcom

Broadcom was not yet active Friday morning but jumped 4.2% in late trade. That would push the chipmaker above its 50-day moving average and closer to its 200-day line. Technically, the stock is in a consolidation going back to late November, but it hasn't really broken a downtrend.

Shares fell late last year as Broadcom mounted a hostile takeover offer for Qualcomm. Both are Apple chipmakers. But the Trump administration blocked the deal on national security grounds, in part on fears that the penny-pinching Broadcom would cut R&D spending, imperiling the U.S. lead in wireless technology.

Qualcomm

As for Qualcomm, shares plunged after the Broadcom bid collapsed. The stock rose 2.7% in the premarket on a report that ex-Qualcomm Chairman Paul Jacobs is assembling a group to make a go-private takeover offer.

Intel

Intel rose 3.2% to 52.72 on Thursday, the highest close since September 2000. The relative strength line is at a six-year high, signaling outperformance vs. the S&P 500. Intel still hasn't topped a 53.78 intraday high set on March 13. If the chip giant can consolidate below that level through Friday, it will finish a five-week flat base. That would give it a 53.88 entry.

Intel tumbled on April 2 on a report that Apple is developing its own chips for Mac computers that would replace Intel processors. But the stock found support at the 50-day line and soon moved higher.

As for Apple, the stock rose 1% to 174.14, rising a little further above its 50-day line. It's also working on a short consolidation. Its RS line is near recent highs, but hasn't made much progress for the past 11 months.

Taiwan Semiconductor Manufacturing

Taiwan Semiconductor climbed 1.1% to 43.85 on Thursday, moving back above its 50-day moving average. The world's largest chip foundry, Taiwan Semi is in a consolidation with a 46.67 entry.

The RS line is just below a record high.

Taiwan Semi was briefly the world's most valuable chipmaker, but Intel has wrested the market crown in recent days.

The chip foundry reports earnings on April 19.

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The post S&P 500 Futures Rise As JPMorgan Beats; Watch These 4 Chip Giants appeared first on Investor's Business Daily.


20. Stocks Close With Strong Gains, As These IBD 50 Names Rise More Than 3%Чт., 12 апр.[−]

The stock market held strong gains at the closing bell Thursday. Stocks briefly cooled off midday amid a report from CNBC that Republicans are pushing back plans to vote on making individual tax cuts permanent. Several IBD 50 stocks held gains in excess of 3%, including Nvidia ( NVDA) in the stock market today.

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President Trump tweeted earlier in the day that a missile strike on Syria "could be very soon or not so soon at all."

The Dow Jones industrial average paced the major stock indexes with a 1.2% advance, while the Nasdaq composite picked up 1%. The S&P 500 followed up with a 0.8% gain. All three major stock indexes were nearing their 50-day lines, which could be a potential resistance level.

Volume was higher on the Nasdaq, but lower on the NYSE compared to Wednesday's trade, according to early data.

Among the Dow industrials, Intel ( INTC) was one of the day's top performers with a 3% rise. Shares are nearing a new high after finding support at the 50-day line earlier this month. The stock's relative strength line — shown in blue on every MarketSmith and IBD daily and weekly chart — is hitting a new high today.

Meanwhile — according to CoinDesk — the price of Bitcoin shot up 10.6% to around $7,681 after a sudden move to the upside. Payment processor and cryptocurrency play Square ( SQ) rose more than 4%. The stock is trying to recover above its 50-day line after a steep three-week sell-off.

FANG stocks Netflix ( NFLX) and Amazon.com ( AMZN) outperformed Thursday. IBD 50 member Netflix made its fourth straight gain, rising nearly 2%. The Leaderboard member is shaping the right side of a potential base as it finds support at its 10-week line. Netflix has been seeing positive analyst comments ahead of the company's Q1 earnings Monday after the close.

Amazon.com rallied 1.6%, but is still trading below its 50-day line.

Fellow FANG Facebook ( FB) dipped 1.5%, as two Wall Street analysts cut their price targets on the social media giant. Shares are still on track for an over-4% weekly gains, and are well-off their March 26 lows.

Costco ( COST) moved up 2.3%, as it nears a flat base's 199.98 buy point. Early Thursday, the company reported strong monthly sales. Its relative strength line is near new highs, as the stock sits about 5% below the entry.

Casino stocks were on the rise Thursday with Melco Resorts and Entertainment ( MLCO) breaking out above a 29.78 cup-with-handle buy point in heavy volume. Meanwhile, Wynn Resorts ( WYNN) is nearing its own cup-with-handle entry at 192.85.

Inside The IBD 50

Among leading growth stocks, memory-chip maker Micron Technology ( MU) and graphics-chip name Nvidia ( NVDA) rallied 4.2% and 3.7%, respectively. Micron is rebounding strongly from its 10-week line this week after a heavy three-week sell-off brought the stock back to its 47.08 double-bottom entry.

Nvidia is nearing its 50-day line. The stock is forming a new base after a previous breakout above a cup-shaped base's 218.77 faltered.

Atlassian ( TEAM) moved up 3.4%, extending a win streak to four trading sessions. The stock has rebounded nicely over the last two weeks and is just 2% off its 52-week high. It's extended from a pullback to the 50-day line.

Superregional SVB Financial ( SIVB) regained its 50-day line for the first time since March 22 with a near-3% rise. A previous breakout above a 263.19 flat-base entry failed and the stock will look to shape a new base.

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The post Stocks Close With Strong Gains, As These IBD 50 Names Rise More Than 3% appeared first on Investor's Business Daily.


21. Stocks Close With Strong Gains, As These IBD 50 Names Rise More Than 3%Чт., 12 апр.[−]

The stock market held strong gains at the closing bell Thursday. Stocks briefly cooled off midday amid a report from CNBC that Republicans are pushing back plans to vote on making individual tax cuts permanent. Several IBD 50 stocks held gains in excess of 3%, including Nvidia ( NVDA) in the stock market today.

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President Trump tweeted earlier in the day that a missile strike on Syria "could be very soon or not so soon at all."

The Dow Jones industrial average paced the major stock indexes with a 1.2% advance, while the Nasdaq composite picked up 1%. The S&P 500 followed up with a 0.8% gain. All three major stock indexes were nearing their 50-day lines, which could be a potential resistance level.

Volume was higher on the Nasdaq, but lower on the NYSE compared to Wednesday's trade, according to early data.

Among the Dow industrials, Intel ( INTC) was one of the day's top performers with a 3% rise. Shares are nearing a new high after finding support at the 50-day line earlier this month. The stock's relative strength line — shown in blue on every MarketSmith and IBD daily and weekly chart — is hitting a new high today.

Meanwhile — according to CoinDesk — the price of Bitcoin shot up 10.6% to around $7,681 after a sudden move to the upside. Payment processor and cryptocurrency play Square ( SQ) rose more than 4%. The stock is trying to recover above its 50-day line after a steep three-week sell-off.

FANG stocks Netflix ( NFLX) and Amazon.com ( AMZN) outperformed Thursday. IBD 50 member Netflix made its fourth straight gain, rising nearly 2%. The Leaderboard member is shaping the right side of a potential base as it finds support at its 10-week line. Netflix has been seeing positive analyst comments ahead of the company's Q1 earnings Monday after the close.

Amazon.com rallied 1.6%, but is still trading below its 50-day line.

Fellow FANG Facebook ( FB) dipped 1.5%, as two Wall Street analysts cut their price targets on the social media giant. Shares are still on track for an over-4% weekly gains, and are well-off their March 26 lows.

Costco ( COST) moved up 2.3%, as it nears a flat base's 199.98 buy point. Early Thursday, the company reported strong monthly sales. Its relative strength line is near new highs, as the stock sits about 5% below the entry.

Casino stocks were on the rise Thursday with Melco Resorts and Entertainment ( MLCO) breaking out above a 29.78 cup-with-handle buy point in heavy volume. Meanwhile, Wynn Resorts ( WYNN) is nearing its own cup-with-handle entry at 192.85.

Inside The IBD 50

Among leading growth stocks, memory-chip maker Micron Technology ( MU) and graphics-chip name Nvidia ( NVDA) rallied 4.2% and 3.7%, respectively. Micron is rebounding strongly from its 10-week line this week after a heavy three-week sell-off brought the stock back to its 47.08 double-bottom entry.

Nvidia is nearing its 50-day line. The stock is forming a new base after a previous breakout above a cup-shaped base's 218.77 faltered.

Atlassian ( TEAM) moved up 3.4%, extending a win streak to four trading sessions. The stock has rebounded nicely over the last two weeks and is just 2% off its 52-week high. It's extended from a pullback to the 50-day line.

Superregional SVB Financial ( SIVB) regained its 50-day line for the first time since March 22 with a near-3% rise. A previous breakout above a 263.19 flat-base entry failed and the stock will look to shape a new base.

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The post Stocks Close With Strong Gains, As These IBD 50 Names Rise More Than 3% appeared first on Investor's Business Daily.


22. Stocks Holding Near Highs; This Major Retailer Retakes Critical LevelЧт., 12 апр.[−]

The stock market was mostly holding near highs headed into the final hour of trading Thursday. Stocks briefly cooled off amid a report from CNBC that Republicans are pushing back plans to vote on making individual tax cuts permanent. Warehouse chain Costco Wholesale ( COST) reclaimed its 50-day line in the stock market today.

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President Trump tweeted earlier that a missile strike on Syria "could be very soon or not so soon at all."

The Dow Jones industrial average paced the major stock indexes with a 1.5% advance, while the Nasdaq composite picked up 1.2%. The S&P 500 followed up with a 1% gain. All three major stock indexes were nearing their 50-day lines, which could be a potential resistance level.

Among the Dow industrials, Intel ( INTC) was one of the day's top performers with an over-3% rise. Shares are nearing a new high after finding support at the 50-day line earlier this month. The stock's relative strength line — shown in blue on every MarketSmith and IBD daily and weekly chart — is hitting a new high today.

Meanwhile — according to CoinDesk — the price of Bitcoin shot up 10.6% to around $7,673 after a sudden move to the upside. Payment processor and cryptocurrency play Square ( SQ) rose more than 3%. The stock is trying to recover above its 50-day line after a steep three-week sell-off.

FANG stocks Netflix ( NFLX) and Amazon.com ( AMZN) sharply outperformed Thursday. IBD 50 member Netflix looked poised for its fourth straight gain, rising 1.6%. The Leaderboard member is shaping the right side of a potential base as it finds support at its 10-week line. Netflix has been seeing positive analyst comments ahead of the company's Q1 earnings Monday after the close.

Amazon.com rallied 1.3%, but is still trading below its 50-day line.

Fellow FANG Facebook ( FB) dipped 1.4%, as two Wall Street analysts cut their price targets on the social media giant. Shares are still on track for an over-4% weekly gains, and are well-off their March 26 lows.

Costco moved up 2.5%, as it nears a flat base's 199.98 buy point. Early Thursday, the company reported strong monthly sales. Its relative strength line is near new highs, as the stock sits about 5% below the entry.

Casino stocks were on the rise Thursday with Melco Resorts and Entertainment ( MLCO) breaking out above a 29.78 cup-with-handle buy point in heavy volume. Meanwhile, Wynn Resorts ( WYNN) is nearing its own cup-with-handle entry at 192.85.

Inside The IBD 50

Among leading growth stocks, memory-chip maker Micron Technology ( MU) and graphics-chip name Nvidia ( NVDA) rallied 4% and 3.4%, respectively. Micron is rebounding strongly from its 10-week line this week after a heavy three-week sell-off brought the stock back to its 47.08 double-bottom entry.

Meanwhile, Nvidia is nearing its 50-day line. The stock is forming a new base after a previous breakout above a cup-shaped base's 218.77 faltered.

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23. Stock Futures: Netflix Paces IBD 50 As Young Uptrend Faces TestЧт., 12 апр.[−]

Stock futures edged higher ahead of Thursday's open, as Netflix ( NFLX), Goldman Sachs ( CAT) and Boeing ( BA) hammered out early gains and the market's young uptrend faced a critical test.

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Stock futures for the Dow Jones industrial average advanced 0.7%, with Boeing leading the advance among blue chips. S&P 500 futures gained 0.5%. Nasdaq stock futures rose 0.6%, as Apple ( AAPL) swung up 0.8% and Netflix ran ahead of the four FANG stock tech leaders in premarket trading.

Growth investors will be watching to see whether the market can extend the bullish shift marked on Tuesday. The Dow ended Wednesday up 1.1% for the week. The S&P 500 held a 1.5% gain, while the Nasdaq had leapt 2.2%. All three indexes remain below their 50-day moving averages — a level that will provide the young uptrend with a test of resistance.

Trump Tweet, ECB Minutes, Crude Oil Price

Markets angled higher after an early tweet from President Trump softened the Commander In Chief's stance on when a missile strike against Syria might occur. The White House has been mustering ally support for a retaliatory response following two reported chemical weapons attacks by Syria's state military that killed civilians in the Syrian city of Douma on Saturday. Trump's tweet on Thursday threw some chaff on front of his earlier message, made via Twitter on Wednesday, warning Russia to "get ready" because U.S. missiles "will be coming."

Crude oil price gains reversed early Thursday. West Texas Intermediate traded down 0.5%, holding above $66 a barrel and up nearly 8% so far for the week. Analysts cite rising conflict in both Syria and Yemen for part of the gains, against a backdrop of improving international demand. Energy-related industry groups posted six of the 10 largest gains among IBD's industry groups on Wednesday. IBD 50 shale oil play Viper Energy ( VNOM) traded up more than 2% in premarket action. The stock ended Wednesday just above 26 29 buy point in a nine-week cup base.

Overseas trading was mixed. In Europe, leading indexes traded generally higher in afternoon trade. Minutes released from last month European Central Bank policy meeting voiced concerns over an international trade war, and backed away from signalling further pending rate hikes. Frankfurt's DAX paced the region, up 0.5%. Asian stock markets posted a losing session, with markets across China and Japan closing with mild declines.

Stock Futures: Defense Names, IPOs Advance; Netflix In Buy Range

The market's improved status puts growth investors back in a buying mode. Several leading defense names, including Northrop Grumman ( NOC) and Raytheon ( RTN), neared buy points on Wednesday as the U.S. moved toward possible military action against Syria. Stock futures for both companies gained 0.7% in premarket trading.

At the same time, Dropbox ( DBX), Spotify ( SPOT) and a few other large tech IPOs had shaped IPO bases. Both names climbed 0.8% ahead of the open.

On the Dow, Boeing was the early leader — up more than 1%. Boeing shares are looking to retake support at their 10-week moving average and start up the right side of a six-week cup base. Potential buy point is at 371.70.

Netflix led the FANG group, up 2.1%. The stock, an IBD 50 and IBD Leaderboard name, gained volume Wednesday as it rebounded from its 10-week moving average. This put shares briefly in a buy range. The premarket move suggested the stock would open beyond the buy range's 304.50 limit. Netflix reports its first-quarter results on Monday.

Chipmakers were just behind Netflix on the IBD 50 list of leading growth stocks. Micron Technology ( MU) popped 1.6% in premarket trading. The stock is pulled back from a mid-March high, retesting a 49.99 buy point, as well as support at its 10-week moving average.

Earnings: American Airlines, Bed, Bath & Beyond

In earnings news, American Airlines Group ( AAL) throttled up 1.5% in premarket action. The air carrier reported first-quarter earnings slipped according to expectations. An 8% revenue gain stopped just short of forecasts. Fuel prices jumped 20% during the quarter, but management said a rising cost trajectory would outpace fuel price gains during Q2. American shares are down 23% from a January high.

Bed, Bath & Beyond ( BBBY) collapsed 17% in premarket trading. A handful of analysts cut their price targets on the stock after the company reported above-forecasts sales and earnings for its fourth quarter. But same-store sales reportedly fell more than expected by analysts. Shares ended Wednesday up 13% from a November low, and trying to form a bottom in a multi-year correction.

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The post Stock Futures: Netflix Paces IBD 50 As Young Uptrend Faces Test appeared first on Investor's Business Daily.


24. Dow Jones, S&P 500 Swing On Latest Trump Tweet; 4 Tech Unicorns Near Buy PointsЧт., 12 апр.[−]

Dow Jones futures rose solidly Thursday morning, along with Nasdaq 100 and S&P 500 futures, as President Donald Trump tweeted that an attack on Syria may not be "soon."

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The Dow Jones, S&P 500 index and Nasdaq composite pulled back modestly Wednesday, in part on Mideast tensions. That followed the stock market confirming an uptrend Tuesday.

Dow Jones Futures

Dow Jones futures rose 0.5% vs. fair value. S&P 500 futures were up 0.45%. Nasdaq 100 futures climbed nearly 0.6%. Keep in mind that premarket trading in Dow futures often doesn't translate into how stocks will act in the following session.

IPOs To Watch

Meanwhile, Dropbox ( DBX), Spotify ( SPOT), Bilibili ( BILI) and Baidu ( BIDU) unit iQiyi ( IQ), known as the Netflix ( NFLX) of China, have formed IPO bases.

Dropbox, Spotify, Bilibili and iQiyi all came public within the past month. All four have valuations above $1 billion, making them tech unicorns. The stocks have consolidated briefly, but their relative strength lines have been at or near record highs, signaling outperformance vs. the S&P 500.

While all four new listings are growing strongly, they are still unprofitable. You can find profitable IPOs, including hot Brazilian payments firm PagSeguro Digital ( PAGS), on the IPO Leaders stock list.

Dropbox

The data storage provider came public at 21 a share, rising 36% to 28.47 in its March 23 debut. The stock hit a new high of 34.37 intraday on March 29. It's consolidated since then. Dropbox popped 3.5% to 32.32 on the stock market today, a new closing high.

Spotify

Spotify technically wasn't an IPO at all. The stock was a direct listing on April 3. The stock opened at 165.90 and hit 169 intraday before closing at 149.01. Shares fell 3.4% to 149.57 on news that top rival Apple ( AAPL) Music hit 40 million subscribers.

iQiyi

Baidu's majority-owned internet TV streaming unit priced at 18, but didn't have a great debut on March 29. Shares rose to 18.52 intraday but closed at 15.55. But after a few days, iQiyi began turning higher. The stock rose 3.8% to 18.07, a new closing high.

While called the Netflix of China, iQiyi actually licenses Netflix content in China.

As for Netflix, the FANG stock rose 1.9% to 303.67 on Wednesday in volume that was 29% above normal, continuing the stock's rebound from the 50-day line. That action creates a new buying opportunity, but with Netflix reporting earnings on Monday investors should be wary. Netflix is an IBD Leaderboard stock.

Bilibili

Bilibili came public at 11.50 a share. The stock fell as low as 9.62 in its March 28 debut, closing at 11.24. Shares hit a record high of 11.80 intraday on March 29, as iQiyi debuted but reversed lower. Since then shares have consolidated in a smaller range. Bilibili dipped 0.2% to 11.48 on Wednesday.

The Chinese-based online company makes most of its money from mobile games. But it's also positioning itself as a video-streaming firm like Alphabet ( GOOGL)-unit YouTube, iQiyi or Netflix.

How To Trade IPOs

IPOs are important because they offer fast-growing companies, often with new ideas and markets. But investors should avoid buying an IPO on the first few days, because of the high risk that the stock will swing wildly. Let a stock shake out and form an IPO base or other bullish pattern. IPO bases can be extremely short, but breakouts from these patterns offer investors a chance to jump into a new stock with better odds of success.

IPO bases and breakouts can be wild, so be ready to cut losses quickly. Also be aware of the market environment. IPOs tend to be more volatile than the broader averages and even the typical growth stock. So if the S&P 500 and Dow Jones come under heavy pressure, there's a high chance that recent IPOs will as well.

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The post Dow Jones, S&P 500 Swing On Latest Trump Tweet; 4 Tech Unicorns Near Buy Points appeared first on Investor's Business Daily.


25. Stocks Hit By Late Selling; Oil Marks Highest Level Since 2014Ср., 11 апр.[−]

Stocks ended lower Wednesday as Wall Street mulled rising oil prices, unrest in Syria and the release of the minutes from the March 21 Fed meeting.

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A close near session lows for the major stock indexes was a bit disappointing after Tuesday's follow-through day for the major stock indexes.

The Dow Jones industrial average lost 0.9%, weighed down by weakness in Boeing ( BA) and UnitedHealth ( UNH). Both lost around 2%. The S&P 500 gave back 0.6% and the Nasdaq composite eased 0.4%. Preliminary data showed volume on the NYSE and Nasdaq coming in lower than Tuesday's levels.

The minutes from the March 21 Federal Reserve meeting were released at 2 p.m. ET. The minutes showed that more rates hikes are on the way amid an improving economy.

Oil Extends Gains On Mideast Strife

At the New York Mercantile Exchange, benchmark crude oil jumped 2% to $66.82 a barrel amid rising tensions in the Middle East. President Trump warned Russia to "get ready" for a missile strike against Syria. Separately, government supply data showed that U.S. inventories rose 3.31 million barrels in the latest week, more than expected.

Among the day's movers, AeroVironment ( AVAV) was another top gainer. Shares surged 17% after Stifel upgraded shares to buy from hold and raised its price target to 65 from 45. AeroVironment makes unmanned aerial vehicles for surveillance and reconnaissance.

Meanwhile, defense contractor Raytheon ( RTN) extended its winning streak to three sessions. Shares rose 0.1% to 218.37. It's setting up in a flat base with a 222.92 entry.

A couple of FANG stocks buoyed the Nasdaq. Leaderboard name Netflix ( NFLX) added nearly 2%. Bullish analyst commentary has been getting louder ahead of the company's earnings report due Monday after the close. Facebook ( FB), meanwhile, added close to 1% as CEO Mark Zuckerberg continued testimony on Capitol Hill. Shares up nearly 6% so far this week.

Hotel Operator Soars

Heavy-volume gainers included Hilton Worldwide ( HLT). Shares jumped 6% to 79.55 after the company announced a secondary offering of 60 million shares by a selling stockholder affiliated with China-based HNA Tourism Group. The offering was priced at 73.

Inside the IBD 50, Atlassian ( TEAM) continued to find support at the 50-day moving average ahead of next week's earnings report. Shares rose nearly 3%. Results are due April 19 after the close.

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26. Stocks Lower After Fed Minutes Hint Of More Rate HikesСр., 11 апр.[−]

The stock market was lower in afternoon trading as investors focused on geopolitical risks and the pace of rate hikes by the Fed.

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The Nasdaq composite was down 0.1% while the S&P 500 lost 0.4%. Facebook ( FB), a big component of both indexes, rose nearly 2% to extend a rebound. CEO Mark Zuckerberg continued testimony in Congress today, this time before a House committee.

The Dow Jones industrial average lagged with a 0.7% drop. Three components — Boeing ( BA), Goldman Sachs ( GS) and UnitedHealth Group ( UNH) — were down 1% to 1.5%. Boeing remains below the 50-day moving average and may be forming a base.

Small caps bucked the selling, with the Russell 2000 up 0.4%. Volume was lower compared with the same time Tuesday.

The market saw selling pick up moderately after the Fed released the minutes of its March meeting. Policymakers remained committed to raising interest rates. Some said it would be appropriate to raise rates more than first thought.

"A number of participants indicated that the stronger outlook for economic activity, along with their increased confidence that inflation would return to 2 percent over the medium term, implied that the appropriate path for the federal funds rate over the next few years would likely be slightly steeper than they had previously expected," the minutes noted.

Also in the realm of monetary policy, the latest inflation reading was in line with expectations. Core consumer prices, excluding food and energy, rose 0.2% in March, while the core CPI annual rate accelerated to 2.1%. Economists expected the core CPI to rise 0.2% and 2.1% from a year ago.

Trump Threatens Syria

Wall Street opened lower today after President Trump warned of a possible missile attack on Syria. The action was for Syria's alleged use of chemical weapons on civilians over the weekend.

The threat of escalation in the Middle East caused oil prices to rise to the highest level this year. Natural resource stocks such as oil and mining led the market, and that's where most of today's breakouts could be found.

Valero Energy ( VLO) rose above its 100.05 buy point but volume was meek.

Colombia's Ecopetrol ( EC) jumped to a new high in more than double its average volume. The stock cleared a prior high at 20.55. It also appeared to form a handle with a 20.30 entry, but both the handle and the entire base have a lopsided shape. Other Colombian stocks were up after a bullish outlook from the International Monetary Fund.

Kirkland Lake Gold ( KL) broke out of a cup-with-handle base in big volume. Shares of the mining company are already nearly extended after surging almost 6%.

Peru-based miner Buenaventura ( BVN) edged past a 16.63 buy point. The stock was having a hard time holding above that key level. Volume was tracking about double its usual pace.

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27. Nasdaq Aims At 6th Gain In 7 Sessions; Will Apple, Micron Break Out Again?Ср., 11 апр.[−]

Apple ( AAPL), Micron Technology ( MU) and other big-cap techs helped guide the Nasdaq composite slightly higher and ahead of the other key indexes Wednesday. Overall, institutional investors showed just limited selling following premarket news that President Trump declared in a tweet that U.S. missiles could strike war-torn Syria.

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At 2:15 p.m. ET, the Nasdaq composite quickly erased a 0.5% early-morning loss and gained modest ground before cooling off a bit. It edged up 0.1% following the release of the Federal Reserve's minutes from its March meeting on interest rates. Nasdaq 100-tracking PowerShares QQQ Trust ( QQQ) ETF was practically flat.

The S&P 500 — weighed down by selling in steel, dairy, building products, construction, auto retail, and medical systems and equipment stocks — fell fractionally. The Dow Jones industrial average fell a little more than 0.4%. Volume was running sharply lower vs. the same time Tuesday on the Nasdaq and modestly lower on the NYSE.

A decline in lower volume is favorable the day following a key confirmation of a new potential market uptrend, as flagged by the IBD Big Picture column Tuesday.

The yield on the benchmark U.S. Treasury 10-year bond held around 2.79%, up roughly 5 basis points since the end of March.

Crude oil futures continued to rally. WTI near-term futures bulged another 2% to $66.78 a barrel, marking fresh year-to-date highs.

Leaders In The Nasdaq Market

Apple and Micron both continue to keep their uptrends since early 2017, partly due to their superb earnings prospects. The market will soon face a deluge of first-quarter results in the coming weeks.

Analysts see the iPhone, iPad and digital services titan posting a 29% jump in fiscal second-quarter profit to $2.70 a share. That would mark the sixth quarter in a row of positive earnings growth and the biggest year-over-year jump since fiscal Q3 of 2015.

One reason? Apple's vast cellular- and computer-based ecosystem gives the Cupertino, Calif., firm a wonderful platform in which users spend on digital entertainment and other services. As IBD reported today, Apple's music streaming service has surpassed the 40 million subscriber mark. Online music rival Spotify ( SPOT), which debuted on the NYSE on April 3, fell 3.4% to 149.57.

Watch for Apple to try to hold above the key 50-day moving average. For the moment, the current four-week pullback has shown a smaller decline from high to low (just above 10%) than the 16.6% sell-off witnessed from Jan. 18 to Feb. 9.

This means that the megacap tech is on track to produce a shallow chart pattern such as the flat base, one of the most powerful platforms in which leading stocks begin a new rally, break out to new highs and crush the shorts.

The Short-Selling Picture

Short-seller interest is quite low in Apple. As of March 29, roughly 56 million shares out of the stock's 5.02 billion share float are sold short.

According to IBD Stock Checkup, Apple's Relative Price Strength Rating continues to rise modestly. On Wednesday, it stood at 78 on a scale of 1 to 99, up from 68 four weeks ago. You want to see a solid RS Rating ahead of a potential breakout, because it reflects the stock is already a market leader. But it doesn't have to be in the high 90s. The length of a new base and the general tempo of a stock's ascent can affect this proprietary 12-month price performance gauge.

Micron is doing exactly what a growth investor should expect after a big tumble: The stock is finding support at the top of its prior base and lifting back above the critical 50-day moving average.

On Feb. 26, the member of IBD's Computer-Data Storage industry group cleared a 47.08 buy point in a relatively shallow double-bottom base, then shot more than 34% higher to reach as high as 63.42.

The market's correction in mid- to late March pounded Micron as well, forcing investors to consider locking in at least some gains and avoiding a round-trip in the move.

Now, at 51.08, the stock is slightly extended past the prior buy point. Yet a strong bounce off the 50-day moving average would justify holders with a profit cushion in the stock to add a small amount of shares as a follow-on buy. The 50-day line, painted in red in IBD charts, is hovering just under 50.

In that base, Micron dropped 25% from high to low. That's within the normal correction you'd expect as a double bottom forms.

Micron, a specialist in various types of data memory components used in computers and smartphones, is expected to grow earnings per share 75% to $2.84 in the fiscal third quarter ending in May.

China makes up as much as half of Micron's annual revenue.

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The post Nasdaq Aims At 6th Gain In 7 Sessions; Will Apple, Micron Break Out Again? appeared first on Investor's Business Daily.


28. U.S. Stock Losses Fade To Mixed, But Colombia Is Red HotСр., 11 апр.[−]

U.S. stocks stumbled Wednesday as President Trump warned in a tweet that missiles will be fired into Syria. Losses faded to mixed by midday.

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Trump's tweet scolded Russia for backing Syria's leader Bashar al-Assad whom Trump labeled "a Gas Killing Animal."

At around noon ET in New York, the Nasdaq rallied 0.4% in midday trade, while the S&P 500 edged up 0.1%. The Dow Jones industrial average fell 0.2%.

Volume in the stock market today fell vs. the previous session.

The stock market mulled the Syria news, finding a fresh, news-driven fear. Recently, news has driven market reactions from one day to the next. On Tuesday, the market gained some relief from worries about the trade standoff between the U.S. and China.

Meanwhile, other factors could supersede Syria. Trump's national security advisor John Bolton has called Syria a "sideshow" and a "distant third" behind Iran and ISIS as a threat to the region. The stock market's quick erasure of morning losses also suggested that Syria is not the big deal that tariffs have become.

IBD's market gauge switched from correction to confirmed uptrend Tuesday. Breakouts are important to watch for early in a market uptrend.

On Wednesday, breakouts included software developer Aspen Technology ( AZPN) and gold miner Kirkland Lake Gold ( KL). Kirkland Lake is an August initial public offering.

Consumer finance stock Curo Group ( CURO), a December IPO, also broke out.

Bulls Run Ahead In Colombia

Meanwhile, IBD's database includes only three Colombia stocks trading on U.S. exchanges as ADRs. But each has made good moves recently.

Colombia-based oil company Ecopetrol ( EC) broke out Wednesday, while Colombian bank Bancolombia ( CIB) followed up nicely on a recent breakout. Colombia's bank Grupo Aval ( AVAL) retook its 50-day line and is 4% off its high.

The iShares MSCI Colombia ( ICOL) exchange-traded fund has rocked higher for seven consecutive days, including a gap up in heavy volume today. The Colombia ETF is up almost 11% year to date.

Why Colombia?

Why the bullishness in Colombia?

The Bogota Post reported recently that the International Monetary Fund said the Colombian economy is at a "turning point." The economy in Colombia has been struggling since 2014 when crude oil prices crashed.

Colombia is currently undergoing major improvements to infrastructure and is working on reducing trade barriers.

The IMF predicts economic growth of 2.7% for 2018 in Colombia.

With the market back in an uptrend, individual investors can use MarketSmith track stocks and use pattern recognition to spot the correct buy point during breakouts from bases.

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The post U.S. Stock Losses Fade To Mixed, But Colombia Is Red Hot appeared first on Investor's Business Daily.


29. Stock Market Fading Again, But Netflix JumpsСр., 11 апр.[−]

The stock market was rattled early Wednesday amid developing tensions between the U.S. and Russia over Syria. President Trump tweeted that Russia should "get ready" for missiles to be fired at Syria in response to a suspected chemical weapons attack. FANG stock Netflix ( NFLX) advanced after receiving a price-target boost in the stock market today.

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The Nasdaq composite fell as much as 0.6%, but briefly turned positive before fading again for a 0.2% loss. The Dow Jones industrial average and the S&P 500 fell 0.8% and 0.5%, respectively.

Among companies reporting earnings, Fastenal ( FAST) plunged 8% after meeting analyst expectations on its top- and bottom-line results. The stock had already triggered the 7% to 8% sell signal from its most recent 57.92 flat-base entry. The stock fell further under its 50-day line Wednesday and will look to shape a brand-new base.

IBD 50 member Netflix moved up 3% after positive analyst commentary from Cowen & Co. The analyst firm raised its price target from 275 to 325 and commented that Netflix benefited from an "extensive" library of content in Q1.

On Tuesday, Netflix was the recipient of bullish commentary ahead of its Q1 earnings results on April 16 after the market close,

Shares have been finding much-needed support at their 50-day line amid the stock's pullback that saw a near-19% decline from its all-time highs.

Fellow FANG Facebook ( FB) snapped a two-day win streak with a 0.8% fall. CEO Mark Zuckerberg is in front of the House Energy and Commerce Committee, starting at 10 a.m. ET.

Canadian gold miner Kirkland Lake Gold ( KL) is breaking out past a 16.43 cup-with-handle entry early Wednesday with a 6.2% advance. The stock's relative strength line — the blue line painted on every MarketSmith and IBD daily and weekly chart — is at new highs.

Inside The IBD 50 Stocks

Among leading growth stocks, Viper Energy Partners ( VNOM) jumped back above a cup-shaped base's 26.29 buy point with a 3.9% gain. Shares broke out April 5, but quickly ran into trouble amid the market's weakness. The 5% buy range tops out at 27.60.

On the downside, Floor & Decor ( FND) faltered 1.8% after Bank of America cut the retailer from buy to neutral. The stock is still slightly extended from a 51.58 cup-shaped base entry.

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The post Stock Market Fading Again, But Netflix Jumps appeared first on Investor's Business Daily.


30. Syria Pressures Stocks, Lifts Crude Oil Price; Netflix Target HikedСр., 11 апр.[−]

Stocks skidded lower at Wednesday's open, snatching back a piece of Tuesday's rally as tensions over a potential U.S. missile strike on Syria pressured trade across global markets.

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Factors in early trade: Crude oil price gains continued, with U.S. crude holding above $66 a barrel. Facebook ( FB) Chief Executive Mark Zuckerberg faces a second day of congressional testimony in Washington. Tesla ( TSLA) received an analyst price target cut. Netflix ( NFLX) received two price target increases.

Among major indexes, the Dow Jones industrial average dumped 0.8% at the starting bell, while the S&P 500 shed 0.6%. Fastenal ( FAST) fell hardest among S&P 500 stocks, following its fiscal first-quarter report.

The Nasdaq Composite dropped 0.4%, with Fastenal leading the early declines. Mattel ( MAT) posted the strongest early move among Nasdaq 100 stocks — up nearly 4% after an analyst upgrade. Netflix ( NFLX) surged after two analysts raised price targets ahead of the company's earnings release next week.

On Tuesday, the market's powerful rally left the Dow, S&P 500 and the Nasdaq with gains in five of the past six sessions. That has led to an improving market status as the three indexes climb off a test of support at their 200-day moving averages. Markets remain volatile and quick to turn on a headline. In addition, all three benchmark indexes face an upcoming test of resistance at their 50-day moving averages. The Dow Jones ended Tuesday 1% below its 50-day line. The Nasdaq and S&P 500 were each 2% below that level.

Syria Response, Crude Oil Price, Zuckerberg Testimony In Focus

The Trump administration on Wednesday pressed allies to support military action vs. Syria, news reports said. The effort is in response to a chemicals weapons attack reported Saturday in Syria. That attack was attributed to state forces led by the country's embattled president, Bashar al-Assad. Both the U.S. and France had by early Wednesday reportedly positioned ships armed with cruise missiles in the eastern Mediterranean Sea. A tweet from President Trump warned Russia of the pending missile attack in Syria, where the Kremlin maintains a broad military stance in support of al-Assad.

Crude oil price gains continued, with West Texas Intermediate up 0.8% — to above $66 per barrel early Wednesday. On Tuesday, the crude oil price rallied nearly 4%. Tension in Syria has kept upward pressure on crude, despite the release late Tuesday of data showing a surprise build-up in crude inventories during the week ended April 6. The Energy Information Administration reports its weekly oil inventory estimates at 10:30 a.m. ET.

Facebook will again be tested Wednesday, as CEO Zuckerberg goes before the House Energy & Commerce Committee. Investors felt Zuckerberg performed well in his first Senate hearing Tuesday, sending Facebook shares up 4.5% in powerful trade. That put the stock 11% above a late-March low, but still down 15% from its Feb. 1 high. Shares remain below their converged 10- and 40-week moving averages. Facebook stock jumped 0.8% in early trading.

Tesla Slips, Netflix Rises On Analyst Actions

Early stock action showed Netflix up 1.8%, running ahead of Apple ( AAPL) as well as its FANG stock peers. Goldman Sachs hoisted the stock's price target to 360, from 315. Goldman expects Netflix to top consensus views for a 60% gain in earnings when the company reports first-quarter results Monday. The report projected that "global scale benefits from the thriving subscriber base, distribution network and content library" would trump some weakness in subscriber growth.

Cowen & Co. jacked up Netflix target price to 325, from 275. Cowen pointed to the streaming entertainment leader's extensive slate of fresh content. It also said the company may have received a boost from lower-than-expected network viewership of the Winter Olympics. Netflix shares are in the fifth week of a shallow consolidation.

Tesla skidded 1.5% after a Goldman Sachs note lowered its price target to 195, from 205 — 36% below the stock's closing price Tuesday. The note projected the company would find itself forced to go to markets for additional capital before the end of the year. That would counter the guidance recently offered by company chief, Elon Musk. Musk tweeted for investors to "Place your bets" following the note's release. Goldman held its sell rating on the stock.

Tesla shares ended Tuesday up 25% from an April 2 low, but still well below their 10- and 40-week levels of support.

Industrial supplies distributor Fastenal opened to a 4.5% loss, after reporting a narrow miss in its first-quarter earnings. The stock had climbed 46% in August through January. But it stalled, consolidating below resistance near 58.

Among IBD 50 stocks, Floor & Decor Holdings ( FND) slipped 2.7% following a downgrade to neutral, from buy, from Bank Of America. The stock closed Tuesday 8% above a 51.58 buy point.

Key Inflation Gauge Eases In March

Wednesday's leading economic news is the release of minutes from the Federal Open Market Committee's March 20-21 meeting, scheduled for 2 p.m. ET.

Prices paid by consumers slipped 0.1% in March, the Labor Department reported. That broke the recent trend of upward pressure, ending with a 0.2% advance in February. It was below analyst forecasts for a flat result for the month. Food and energy were the primary drags on price. Core prices, which subtract out those two factors, rose 0.2%, equal to February's gains and in line with consensus estimates.

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31. Stock Market Futures Tumble; Trump Says 'Get Ready' For Syria StrikesСр., 11 апр.[−]

Stock market futures signaled that Wednesday's open would give back much of Tuesday's strong gains for the S&P 500 index, Dow Jones industrial average and Nasdaq composite. President Donald Trump told Russia to "get ready" for missile attacks on Syria.

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Two of the world's most powerful people, China President Xi Jinping and Facebook ( FB) CEO Mark Zuckerberg, didn't offer big surprises, but investors cheered their comments.

With the market now back in a confirmed uptrend, investors should look for growth stocks setting up in sound bases. Netflix ( NFLX), Adobe Systems ( ADBE), Salesforce.com ( CRM), Workday ( WDAY) and ServiceNow ( NOW) share similar bullish traits.

Stock Market Futures

S&P 500 futures sank 1% vs. fair value. So did Dow Jones futures and Nasdaq 100 futures 1%. Futures, already down, weakened further as Trump tweeted out that Syria strikes were likely soon.

Keep in mind that stock market futures trading overnight often doesn't translate into regular-session action.

Xi, Zuckerberg Spur Tuesday Rally

During Tuesday's session, the Nasdaq leapt 2.1%, the Dow Jones 1.8% and the S&P 500 1.7%. Xi Jinping promised economic reforms, including lower auto tariffs. But the pledges were largely recycled from speeches last year.

Facebook's 4.5% pop helped lift the Nasdaq. Zuckerberg didn't run into major problems during a Senate hearing over Facebook's data privacy scandal. He does face a House panel Wednesday morning. Facebook's stock is still well below its 200-day moving average.

Facebook retreated slightly Wednesday morning.

Growth Stocks Acting Well

Netflix, Adobe Systems, Salesforce, Workday and ServiceNow all have Composite Ratings above 95, with Netflix, Adobe and ServiceNow boasting a best-possible 99. The Composite Rating combines several proprietary ratings on earnings and other key criteria into one score. All-time stock winners often have a Composite Rating of at least 95 near the start of their runs.

All but Adobe Systems have been finding support at their 50-day moving averages. That's a potential buying opportunity, though it would be good to see strong gains in heavier volume. Netflix, Salesforce, Workday and ServiceNow are all working on potential flat bases that could be viable after this week.

Netflix is an IBD Leaderboard stock. But the internet TV giant reports first-quarter earnings late Monday. Buying or holding a stock heading into earnings can be risky. Investors may want to consider an earnings options strategy that lets you cash in on post-earnings stock gains, while minimizing the risk from a weak quarter.

Adobe never pulled back to its 50-day line. The stock is consolidating for the past few weeks near its highs. It does not yet have a potential buy point in sight.

Adobe, Salesforce, Workday and ServiceNow are all business software makers, which have been hot in recent months.

But these are all stocks to watch. How will they hold up Wednesday? Will these five stocks set up bases and break out from buy points?

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32. China Comments Fuel Big Stock Market Rally; Facebook Surges As Zuckerberg TalksВт., 10 апр.[−]

China, which has been a friend and foe to Wall Street recently, fueled a strong rally in the major stock indexes Tuesday.

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China President Xi's comments about opening up the world's second largest economy and boosting automobile imports weren't exactly new. But the market found solace in his non-retaliatory tone.

The Nasdaq composite jumped 2.1%, the S&P 500 added 1.7% and the Dow Jones industrial average picked up 1.8%.

Tuesday's session was decidedly different from Monday, where a bullish session turned bearish by the close. Major stock indexes held strong gains into the close. Preliminary data showed volume on the NYSE and Nasdaq coming in higher than Monday's levels, and more so on the NYSE.

FANG stocks ended with stout gains as Facebook ( FB) rose more than 4.5%. The market seemed to like the sound of CEO Mark Zuckerberg's Congressional testimony today. Still, a lot of technical damage has been done to Facebook's chart, which will take some time to repair. Leaderboard names Netflix ( NFLX), Amazon.com ( AMZN), as well as Google parent Alphabet ( GOOGL) ended with gains of 2% to 3%.

Oil and gas stocks outperformed as oil prices rose. Benchmark crude oil settled at $63.51 a barrel, up 3.3%.

ConocoPhillips ( COP) cleared a cup-shaped base with a conventional entry at 61.41. Shares jumped nearly 3% to 62.34. The weekly chart shows a slightly earlier handle entry of 61.27.

In the stock market today, Alcoa ( AA) ripped higher for a second straight session. Shares soared nearly 7% to 54.08. Shares were strong Monday after a big Russian aluminum producer said Trump sanctions against Russia could cause it to default.

Alcoa's current consolidation shows a conventional entry at 57.60, although the stock has run up straight off the bottom, which makes the pattern lopsided.

China Stock Surges In IBD 50

Inside the IBD 50, Weibo ( WB) was one of the top percentage gainers, but it's still below the 50-day moving average as it consolidates gains. Shares vaulted 5.5%

Semiconductor stocks also did well in the IBD 50. Micron Technology ( MU) poked above the 50-day line amid more positive analyst commentary. Mizuho Securities reiterated a buy rating on Micron with 70 price target. Evercore ISI on Monday lifted price targets for Intel ( INTC) and Lam Research ( LRCX) and said Micron under 50 "looks like a steal."

Other top chip gainers in the IBD 50 included Nvidia ( NVDA), MKS Instruments ( MKSI) and Entegris ( ETNG) with gains of 5% to 6%.

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33. Dow Jones, Nasdaq Spearhead Rally; Will These 2 Sectors Lead New Bull Market?Вт., 10 апр.[−]

The nine-year bull market showed signs it isn't dead yet as the major indexes stomped on the bears and rallied sharply with an hour to go in Tuesday's session.

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The Dow Jones industrial average rose nearly 1.8% as 18 of its 30 components lifted 1 point or more. The Dow transports gained 1.2%, even as West Texas Intermediate near-term crude oil futures soared more than 3%.

The Nasdaq composite gained around 1.8%, helped by a solid rebound in semiconductor equipment, fabless semiconductors, data storage and automakers including Nasdaq-listed electric car pioneer Tesla ( TSLA). The S&P 500 rolled 1.6% higher. Volume was running sharply higher vs. the same time Monday on the NYSE and moderately up on the Nasdaq.

Tesla ran up more than 5% to 305 in heavy turnover. Watch to see if the stock can reclaim the 50-day moving average. Shares are 21% off their 52-week high.

The Russell 2000 gained nearly 2%.

Stocks in the energy and metals sectors are gaining steam. They have largely sat out the market's rally after crude oil topped at around $107 a barrel in June 2014, then plunged more than 75% until bottoming out in the first quarter of 2016.

Since then, Russia and OPEC have teamed up to restrict their ballooning production. Global economic growth appears to be positively impacting demand for all forms of energy.

Can Oil Stocks Win This Time?

ConocoPhillips ( COP) is leading the way, rising more than 3% to 62.85 and moving past a 61.41 entry in heavy volume. It normally trades 7.07 million shares a day.

Conoco formed a cup without handle, which can still lead to tremendous gains in a limited time period. The stock pulled back at the end of March in a positive way, but it did not meet the five-day minimum requirement for any handle.

The handle represents the last rash of selling by less committed investors before a stock sets up a potential breakout to new highs.

Royal Dutch Shell ( RDSA) gapped up at the open and rose more than 3% to 68.34 in fierce turnover. A nearly three-month cup is in the works, and the stock is now bullishly above the 50-day moving average.

Notice on a daily chart how Shell's RS line has burst into new high ground, a sign of strong outperformance vs. the S&P 500.

How Will Metals Stocks Fare?

Other commodity-based companies that are rising sharply in heavy turnover include Alcoa ( AA) and Schnitzer Steel ( SCHN), as covered in IBD's Stocks On The Move table. This screen helps investors quickly build a watch list of stocks that are showing strong gains and potentially building bases before breaking out.

Schnitzer lifted more than 2% to 32 but remains wedged in between its falling 50-day moving average and its rising long-term 200-day line.

A base is useful for all growth investors because it gives leading stocks a chance to rest and digest prior gains, flush out weak shareholders, work their way back near 52-week highs, then break out to new highs to lead the market higher. Each base offers a distinct buy point; don't buy until it surpasses the proper entry, ideally in robust turnover.

(Please follow Saito-Chung on Twitter at @IBD_DChung for more analysis and commentary on growth stocks and financial markets.)

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34. Stocks Hold Big Gains As China Tariff Row Eases, Benefiting Boeing, AutomakersВт., 10 апр.[−]

Stocks held hefty gains in afternoon trading after a break in the U.S.-China tariff spat encouraged investors and sent trade-sensitive stocks sharply higher.

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The Dow Jones industrial average rallied 1.6%. A half-dozen Dow components climbed 3% or more. The S&P 500 rose 1.5%. The energy sector, well-represented in the S&P 500, led as the price of U.S. crude climbed 3% to $65.29 a barrel on easing trade worries. The Russell 2000 jumped 1.6%.

The Nasdaq composite added 1.6% thanks in part to a rally in chip stocks. Morgan Stanley on Tuesday upgraded Nvidia ( NVDA) to overweight from equal-weight. Nvidia shares rose more than 4% but remain below the 50-day moving average in a four-week consolidation.

Metals and mining were other leading groups in today's market. Volume was running higher on the NYSE and the Nasdaq compared with the same time Monday.

Wall Street cheered news that Chinese President Xi Jinping struck a friendlier tone on tariffs in a speech Tuesday. Xi said China will seek to boost imports and take other steps to bolster international trade and China's financial markets.

Reports said Xi explicitly singled out the auto industry, promising "significantly lower" tariffs on auto imports this year. Automakers were one of today's best-performing industry groups, up nearly 5%.

U.S. automakers General Motors ( GM), Ford Motor ( F) and Tesla ( TSLA) all kicked higher Tuesday.

Another company benefiting a lot from the thaw in trade relations was Boeing ( BA). The aviation giant added 3.5%. Boeing also won won a major order from Indonesia's Lion Air for fifty 737 MAX 10 jets with a list price of $6.24 billion. Lion Air also said it will place a provisional order for 787 widebody jets.

Three Stock Breakouts

A few notable stocks broke out of bases.

ConocoPhillips ( COP) broke out of a cup base with a 60.41 buy point. Volume was nearly double Conoco's average. JPMorgan raised the target price on Conoco to 64 from 62 and maintained an overweight rating, Dow Jones reported.

Magna International ( MGA) cleared the 60.09 buy point of a cup base. Volume was well above average for the maker of auto components. Magna announced Monday a partnership with Beijing Automotive Industry Holding to jointly develop an electric-vehicle architecture for the Chinese market.

Biotech company Nucana ( NCNA) broke out of a cup without handle, clearing a 29.85 buy point in heavy trading.

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35. Stocks Rise On Hope That China, Trump Are Ready To DealВт., 10 апр.[−]

Blue chips led after the opening bell Tuesday as the Dow Jones industrial average gapped up and then extended the gain in midday action. Boeing ( BA), Exxon Mobil ( XOM) and Goldman Sachs ( GS) posted gains of 2.5% to 3%.

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All 30 stocks in the Dow lodged gains.

At one point the Dow Jones industrial average jumped more than 2.1% before fading a bit; near noontime in New York, the Dow was up nearly 1.9%. The Nasdaq and the S&P 500 both added about 1.8%. The small-cap Russell 2000 rose more than 1.7%. Volume rose sharply on the NYSE but fell mildly on the Nasdaq vs. the same time Monday.

In the current news-driven stock market, China took steps to quell the uproar on U.S.-China trade. At an economic forum in China, President Xi Jinping said he would work hard to increase U.S. imports into China.

More Promises?

The Washington Post reported that Xi merely repeated previous promises to cut tariffs, ease restrictions on foreign investment and toughen protection for intellectual property.

Xi's comments could provide President Trump with either a face-saving exit or at least an opportunity to lower the harsh volume. As of midday Tuesday, Trump had not yet tweeted a response to Xi's remarks.

Stocks Rise

Stocks have had trouble digesting Trump's tariff talk, but Tuesday's market found a smooth groove.

Boeing and Goldman Sachs advanced about 3% each but remained under their 50-day moving averages. Exxon Mobil also popped 3% but retook its diving 50-day line.

Analysts expect Exxon to grow earnings 33% this year. Boeing is expected to step up earnings 17% this year. Goldman Sachs is pegged for 10% growth in earnings.

IBD 50 Fund

The Innovator IBD 50 Fund ( FFTY) retook its 50-day line with a 1.9% thrust. The exchange traded fund tracks the action of the IBD 50.

In the Nasdaq 100, Seagate Technology ( STX) gapped up 8% in heavy volume, marking a new high before easing. Morgan Stanley upgraded the big cap from equal weight to overweight.

Seagate is expected to grow earnings 19% in fiscal 2018 ending in June.

Breakouts

Stocks breaking out Tuesday included automotive systems provider Magna International ( MGA), pipeline stock Plains GP Holdings ( PAGP) and oil explorer ConocoPhillips ( COP).

Among IBD's 197 industry groups, oil, auto and semiconductor stocks led. The day's laggards included food, airlines and utilities.

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36. Dow Jones Leads Early Stock Market Rally, As This Growth Stock Is UpgradedВт., 10 апр.[−]

The stock market jumped early Tuesday amid conciliatory comments on trade by China's President Xi Jinping. While the comments didn't reveal much new information, they served to ease concerns of a potential trade war between the U.S. and China. Meanwhile, top growth stock Nvidia ( NVDA) surged higher after an analyst upgrade in the stock market today.

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The Dow Jones industrial average led the major indexes with a 1.4% rise, while the Nasdaq composite and S&P 500 moved up 1.1% each. All three indexes are seeing support around their long-term 200-day moving average lines despite Monday's late-day reversal.

Among the Dow Jones industrials, energy giant Exxon Mobil ( XOM) paced the day's gainers with a near-3% advance. Shares are trying to get back above their 50-day line after a near-20% drop from its late January highs.

Meanwhile, iPhone maker Apple ( AAPL) was also trying to move beyond its own 50-day line with a 1.6% rise.

FANG stocks Amazon.com ( AMZN) and Netflix ( NFLX) rallied higher early Monday with gains of more than 1% each. Longtime Leaderboard member Amazon remains below its 50-day line, while Netflix was still trying to find sustained support at that same level.

Meanwhile, Facebook ( FB) moved up more than 1%. CEO Mark Zuckerberg will testify in front of Congress on privacy issues Tuesday afternoon and Wednesday.

Top retail brokers E-Trade ( ETFC) and TD Ameritrade ( AMTD) rose about 2% and 1.3%, respectively, as they continued to maintain their 50-day moving average support levels. E-Trade is just above its 56.10 cup-shaped base entry after a solid breakout March 9.

Meanwhile, Ameritrade is shaping its first potential base since a Sept. 27 breakout above a cup with handle's 47.36 entry.

Inside The IBD 50 Stocks

Among leading growth stocks, graphics-chip maker Nvidia advanced more than 4% after Morgan Stanley upgraded the stock from equal-weight to overweight with a 258 price target. The analyst believes that Nvidia will be the clear leader in artificial intelligence and machine learning. The stock is still below the 50-day line amid a 15% correction from its March 13 peak.

On the downside, Palo Alto Networks ( PANW) fell for a second straight day with a 0.7% decline. The stock has been acting well, even hitting a new high last week despite a market in correction. Shares are well-extended from a 156.95 cup-base buy point.

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The post Dow Jones Leads Early Stock Market Rally, As This Growth Stock Is Upgraded appeared first on Investor's Business Daily.


37. Stocks Rally At Open As Intel, Nvidia Lead; Netflix Target HikedВт., 10 апр.[−]

U.S. stocks opened sharply higher Tuesday, after China's President Xi Jinping appeared to open a number of doors to U.S. companies doing business in China. But some news reports said what looked like concessions were more of a rehash of prior announcements, and contained no specific details suggesting an end to the U.S.-China trade standoff.

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The Nasdaq composite climbed 1.4%. Chip stocks topped the Nasdaq 100, led by Nvidia ( NVDA) and Seagate Technology ( STX). Apple ( AAPL) and three of four FANG stocks traded more than 1% higher. Netflix ( NFLX) led the pack, up 2.6% after an analyst price target increase.

The Dow Jones industrial average scaled up 1.5% at the starting bell. Intel ( INTC), Goldman Sachs ( GS), Cisco Systems ( CSCO) and Boeing ( BA) gained more than 2% apiece. The S&P 500 swung 1.2% higher as chip stocks crowded the top of the list. Seagate Technology topped the index with a 6.6% advance.

Investors remain on watch for a follow-through day, a heavy-volume advance sufficient enough to kick the market's status from "in correction" to "in confirmed uptrend."

In economic news, prices paid by producers rose 0.3% in March, the Labor Department reported. That was just above February's 0.2% advance and counter to consensus expectations for a slowdown to 0.1% growth. Core prices, minus energy and food, also rose 0.3%, up from a 0.2% gain in February and above estimates for another 0.2% advance.

FBI Raid

Markets had attempted to rally Monday, but pulled back from significant early gains following news that agents from the Federal Bureau of Investigation had raided offices of Michael Cohen, longtime personal attorney to President Trump. The search was executed as part of a probe by the U.S. attorney's office in Manhattan. Agents seized records related to payment of adult-film actress Stormy Daniels, documents that may be linked to federal prosecutors in Manhattan examining possible bank fraud by Cohen, according to the Wall Street Journal.

China's Xi Jinping

China's President Xi Jinping on Tuesday laid out a broad list of changes to open China's economy, precisely the kind of concessions President Trump has called for while threatening a heavy load of tariffs on China-made products imported into the U.S.

Xi pledged foreign companies more access to China's financial and manufacturing sectors, and promised to reduce tariffs on imported autos and reduce limitations on foreign ownership of auto manufacturing in China.

But most of Xi's measures had been previously announced, according to London's Financial Times, and the Chinese president offered no new details about when or how they would be implemented?.

The comments nonetheless triggered a rally across China's markets, with Hong Kong's Hang Seng Index and the Shanghai Composite Index each rising 1.7%. In Japan, Tokyo's Nikkei 225 notched a 0.5% advance.

Markets also ran higher across Europe, where Frankfurt's DAX was up 0.9%, while the CAC-40 in Paris rose 0.5% and London's FTSE 100 was ahead 0.6% in afternoon trade.

Zuckerberg Testimony

Facebook ( FB) co-founder and Chief Executive Mark Zuckerberg goes before a joint hearing of the Senate Commerce and Judiciary committees this morning. Topics will be Facebook user data and security policies, and questions related to the Cambridge Analytica scandal.

A statement of Zuckerberg's planned comments released yesterday that were to be read before a House panel said the company hadn't done enough to protect user information. The company said it planned to redouble efforts to more tightly manage "fake news, foreign interference in elections and hate speech, as well as developers and data privacy." Facebook shares added 0.4% in opening trade.

Boeing, Netflix, Nvidia Stake Out Early Leads

Boeing powered up 3.3% in early trading. Indonesia's Lion Air Group on Tuesday announced plans to purchase 50 Boeing 737 Max 10 aircraft. Tuesday's agreement adds to Lion Air's 201 aircraft already on order. Deliveries are expected to begin in 2020. Boeing shares continue to consolidate below their 10-week moving average, as they look to start up the right side of a seven-week base pattern.

Netflix leapt 2.7%, appearing set to climb off its 50-day moving average. JPMorgan raised its price target on the stock to 328, from 285. That put the target 13% above Monday's closing price. JPMorgan maintains its overweight rating on the stock. Netflix shares have been sitting close to their 50-day line, trading tight and attempting to fashion a bottom in a four-week consolidation. The company reports first-quarter earnings April 16.

Graphics chip leader Nvidia powered up 5% to lead the IBD 50 list of leading growth stocks. Chip equipment maker Lam Research ( LRCX), also an IBD 50 stock, jumped 3% ahead of the open. Both Nvidia and Lam were named in a research report Monday, which detailed buying opportunities in the bruised chip sector.

Nvidia has pulled back a nominal 15% from its mid-March high. Lam Research is 18% off its high, a pullback that triggered the automatic sell rule following an early March breakout.

Point-of-sale technology provider Verifone ( PAY) spiked 52% after announcing late Monday it had agreed to be taken private by Francisco Partners in a $3.4 billion deal. Verifone shares ended Monday 62% below their June 2015 high.

China Stock Futures: Weibo, Baozun, Daqo, Sina Leap

Among China-based stocks, Weibo ( WB), Baozun ( BZUN), Daqo New Energy ( DQ) and Sina ( SINA) all jumped more than 2% in early action.

Micro-blogging leader Weibo popped 3.4% as it looks to add another gain to its rebound from support at its 200-day line, and to regain support at its 50-day average.

Baozun, a platform provider for e-commerce players in China, gained 2.3%. The IBD 50 stock ended just below a new high Monday, and extended above a 40.75 cup base buy point.

Daqo vaulted 2.5% higher. That move puts shares just below a 65.10 buy point in a double bottom base.

Sina muscled up 2.4%. Its shares are working to recover after tumbling below their converged 10- and 40-week moving averages in heavy trade during a four-week dive.

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38. Dow Jones Futures Spike As China's Xi Jinping Vows To Open Up EconomyВт., 10 апр.[−]

S&P 500, Nasdaq and Dow Jones futures rose strongly early Tuesday morning after China President Xi Jinping touted a pro-globalization agenda, laying out economic reforms and easing trade war fears.

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During Monday's stock market session, the Dow Jones, S&P 500 index and Nasdaq composite closed up but at session lows. Apple ( AAPL), Netflix ( NFLX), Microsoft ( MSFT) and Micron Technology ( MU) reclaimed their 50-day lines intraday but were turned back. Nvidia ( NVDA) rallied late on an analyst upgrade.

Looking ahead, Facebook ( FB) CEO Mark Zuckerberg will be in focus Tuesday, as he goes before Congress in the first of two days of hearings on the data privacy scandal.

Dow Jones Futures Jump On Xi Comments

President Xi Jinping, in a much-anticipated address, made broad statements in favor of a more open economy. "In today's world, the trend of peace and cooperation is moving forward and a Cold War mentality and zero-sum game thinking are outdated," Xi said.

More specifically, Xi said China would lower tariffs on auto imports, something President Trump recently tweeted about it. He also said he would ease restrictions on foreign automakers' ownership of Chinese operations. Xi said he would open up the financial, shipping and aviation industries to more foreign competition. He also said China would beef up property rights as well as oppose monopolies.

Xi has made similar grand statements of an open, global China before. Going forward, investors and businesses will want specifics in terms of how much openness and when it'll take place. And how will Trump react? He's talked tough on China, but also signaled he expects a deal. He tweeted Sunday that he will "always be friends" with Xi.

Dow Jones futures jumped 1.4% vs. fair value. S&P 500 futures were up 1.35%. Nasdaq 100 futures leapt 1.7% vs. fair value.

Auto stocks rallied in the premarket on the hopes for lower tariffs and ownership restrictions. General Motors ( GM) rose 2.6%, Ford Motor ( F) 1.1%. Tesla ( TSLA), which does not have a plant in the world's largest electric vehicle market and must pay hefty auto tariffs, rose 3.6%.

Keep in mind that overnight action often doesn't translate into how the stock market will close the following day.

Top Techs Lose 50-Day Support

During Monday's session. Apple, Netflix and Microsoft all closed higher, with Apple advancing a solid 1%. But they settled near session lows, struggling once again at their 50-day line. Micron reversed to close down 1%.

Tuesday's overall closing action was not encouraging, but it doesn't really change the broader picture. The stock market is in a correction, while a rally attempt is still ongoing.

Apple, Netflix, Microsoft and Micron will all up solidly early Tuesday.

'All Roads Lead Back To Nvidia'

Nvidia rose 3.8% in premarket trading after Morgan Stanley analysts late Monday upgraded the chipmaker to overweight, sticking with a 258 price target. The analysts conceded that declining demand from cryptocurrency miners could hurt near-term revenue. But they said "all roads lead back to Nvidia" in machine learning.

Nvidia rose 0.5% to close at 215.41 in Monday's stock market trading, near session lows.

Facebook's Zuckerberg In Focus

Facebook CEO Mark Zuckerberg will testify before Congress for the first time. His prepared remarks offer several apologies over Facebook's handling of user data and Russian interference during the 2016 elections.

Facebook stock closed up 0.5% on Monday, still 19% off its Feb. 1 record high. Shares rose 0.8% early Tuesday.

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The post Dow Jones Futures Spike As China's Xi Jinping Vows To Open Up Economy appeared first on Investor's Business Daily.


39. Stocks Surrender Most Of Day's Gains, As These Sectors Aid NasdaqПн., 09 апр.[−]

Stocks closed higher Monday, although gains of more than 2% ended up much reduced by the closing bell as the market continued to seek a consistent direction.

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The Nasdaq composite, which was up as much as 2.3%, closed 0.5% higher. The S&P 500 cut its gain by more than three-fourths, ending 0.3% higher. Selling picked up in the final minutes of trading.

The Dow Jones industrial average climbed 0.2%. Merck ( MRK) had the largest percentage gain on the Dow at 5%. The company's Keytruda drug extended the lives of lung cancer patients in a late-stage trial. The drug is already approved to treat some lung cancer patients. Merck shares jumped back above the 50-day moving average but have a long way to go before a buy point appears.

Volume fell compared with Friday's totals, according to early computations. Declining stocks outnumbered advancers modestly on the NYSE, while winners led by about 9-to-7 on the Nasdaq.

The three major indexes remain below their 50-day moving averages. But they are in a tentative bottom as they hold above their April 2 lows. The Russell 2000 was up 0.4% at the bell. But the small-cap benchmark met resistance at the 50-day moving average last week.

Monday's rally was surprising in its early strength because the trade row with China has not abated and there were new geopolitical worries. President Trump tweeted about an imbalance in auto tariffs with China. Tensions in the Middle East increased after Israel attacked a military base in Syria. That followed news that Syria used chemical weapons on rebels, and Trump suggested the U.S. would retaliate.

Biotechs rose more than 4% as a group on a headline-heavy day for the industry.

Novartis ( NVS) offered $8.7 billion to acquire AveXis ( AVXS), while Ionis Pharmaceuticals ( IONS) is teaming up with AstraZeneca ( AZN) on a liver disease treatment. Celgene ( CELG) was rumored to be interested in buying Agios Pharmaceuticals ( AGIO).

AveXis soared more than 80% and Agios jumped 9%, but the other stocks were little changed.

Chip stocks also led, thanks to analyst comments. Evercore ISI raised the price targets on Intel ( INTC) and chip-gear firm Lam Research ( LRCX), while calling Micron Technology ( MU) a bargain at current prices.

Micron shares last week triggered a round-trip sell signal after erasing all gains from the 47.08 buy point of a double-bottom base. They are now slightly below the 50-day moving average, where a show of support is critical to keep the stock from falling further. Intel stock is trying to find support at the 50-day moving average. Lam triggered the 8% sell rule from its 218.58 entry, and the stock is compromised.

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The post Stocks Surrender Most Of Day's Gains, As These Sectors Aid Nasdaq appeared first on Investor's Business Daily.


40. Apple Leads Stock Market Higher; Will These 3 Chip Stocks Rally Again?Пн., 09 апр.[−]

Apple ( AAPL) rose as much as 2.8% Monday before giving up nearly half of that gain. Meanwhile, semiconductor shares helped give the Nasdaq composite the edge over its fellow major indexes.

Bargain hunters forced the market bears into retreat mode. Yet uncertainty lingers over whether the U.S. and China will follow through on declarations to raise tariffs on a wide swath of imports from each other.

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At 3:45 p.m. ET, the Nasdaq was well off session highs, but still rallied 0.8%. The S&P 500 and Dow Jones industrial average trailed slightly, rising around 0.6%. Volume is running more than 10% lower vs. the same time Friday on both main exchanges.

The small-cap S&P 600 lagged, losing intraday gains to trade flat.

More than a dozen of IBD's 197 industry groups and subgroups at one point advanced 2% or more, including biotech, gaming software, superregional banks, money center banks, internet content, semiconductor equipment, money center banks, metal ores and international oil and gas exploration.

U.S. government bonds fell as the yield on the benchmark U.S. Treasury 10-year note jumped to as high as 2.81% before receding a tad, vs 1.71% for 3-month T-bills and 2.29% for 2-year notes. WTI crude oil futures sprang 2.2% higher to $63.42 a barrel.

Apple, the largest company on U.S. financial exchanges by market value, is trying to rise back above its key 50-day moving average. In late trading, the stock gained 1.3% to 170.63.

Volume is thin, trading just 40% below the 50-day moving average. Yet the rebound pushed the iPhone giant back into positive territory for 2018.

The Next Stage For Apple

Apple is still in the early stages of forming a new base. Keep in mind that the megacap tech was due for a rest after rising more than 50% past a first-stage cup with handle at 118.12 back in January 2017.

Those who bought shares at that prime buy point could afford to sit tight during the past six months as Apple bounced up and down within a relatively narrow trading range of 150 to 180. During that period, Apple had broken out of a new base, an eight-week cup with handle that featured a 160.97 entry point. The Oct. 27 breakout spurred an 11.9% rally through mid-January of this year, but Apple surrendered all of that gain amid the market's early-February correction.

Apple now gets the worst possible E grade for Accumulation/Distribution based on price-and-volume action over the past 13 weeks. Indeed, the member of IBD's Telecom-Consumer Products industry group hasn't posted an up day in above-average turnover since March 2. Watch for a potential change in such interplay between price and volume and use either the stock quotes or IBD Stock Checkup to see if Apple's Accumulation grade can reach a C (neutral) or an A or B (net accumulation among institutional investors) in the coming weeks or months.

When a stock breaks out of a well-formed base such as a flat base or double bottom, the Accumulation rating should ideally be at least C+ or higher.

The Accumulation rating for the Nasdaq composite, found in the General Market Indicators page at the bottom of IBD's Big Picture column or in the Market Trend section of Investors.com, is currently a lowly D-.

Read the latest corporate news on Apple by going to IBD's Technology section.

Meanwhile, MKS Instruments ( MKSI) also outperformed the major indexes with a 1.9% jump to 112.50 after popping to 115.60 intraday, The member of IBD's semiconductor equipment industry group rebounded back above its 50-day moving average, a sign of strength. Plus, MKS is above a prior buy point of 109.50 in a 15-week cup with deep handle and in buy range.

The test of the 50-day line is MKS' first since its Feb. 15 breakout. Normally, during a confirmed market uptrend, such a rebound off or back above this medium-term support level offers holders a chance to add shares to a winning position. Currently, the market is still in an official correction and it's not clear yet if the overall market sell-off has ended.

MKS is expected to grow first-quarter earnings 57% to $2 a share, on top of a 234% boost in the same quarter a year ago.

Chips To Watch

Three more chip-related names that deserve close watch:

Lam Research ( LRCX): The chip equipment giant, up 2.2% to 194.89, is trying to end nearly two weeks of being submerged beneath its 50-day moving average. Lam had a stellar run in both 2016 and 2017. Analysts polled by Thomson Reuters see profit jumping 56% to $4.38 a share in the fiscal third quarter ended in March.

Nvidia ( NVDA): The datacenter, automobile self-driving and deep learning chip technology giant gained 1.5% to 217.39 but remains beneath its 50-day moving average. Shares lie just 13% below an all-time peak of 254.50. Even a drop to the 200-day line would limit the current correction to around 22%, the normal range for a cup base or a double bottom.

Fiscal first-quarter profit is seen climbing 84% to $1.45 a share. Nvidia's Q1 ends in April.

Mellanox Technologies ( MLNX): The data networking chip expert burst back above its 50-day moving average on Feb. 22 in heavy trade, sparking a follow-on entry point. The stock is also up 47% since clearing a 50.20 buy point in a long saucerlike base in late November. Watch for a new follow-on entry point or a new base to emerge.

Mellanox, a member of IBD's fabless semiconductor group boasts a 95 RS Rating and a B+ for Accumulation/Distribution as seen in IBD Stock Checkup.

A New Market Leader?

Meanwhile, in IBD Leaderboard, Kirby ( KEX) sought to recoup some of Friday's steep decline of more than 3.7%. Shares of the marine transport firm rose 0.8% in light trading to 81.20. Last week, the stock cleared an 81 buy point in an eight-week flat base, which sits atop a much longer saucer-style base pattern.

Kirby shares are up 21% year to date.

The Houston-based midcap company is trying to end a 12-quarter drought in earnings growth. The Street sees Q1 earnings rising 14% to 58 cents a share and full-year profit up 37% to $2.83 a share. Sales rose 25% to $2.21 billion in 2017, but earnings fell 23%.

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The post Apple Leads Stock Market Higher; Will These 3 Chip Stocks Rally Again? appeared first on Investor's Business Daily.


41. Tech Stocks Shine As Nasdaq Jumps 2%; Netflix, Alphabet Lead FANG StocksПн., 09 апр.[−]

Top tech stocks rebounded with a vengeance in the stock market Monday as the bulls started off the week in the driver's seat.

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The Nasdaq composite outperformed in afternoon trading, up around 2%. The S&P 500 picked up 1.7% and the Dow Jones industrial average added 1.6%. Volume on the Nasdaq was strong early but faded. Volume on both exchanges was tracking close to Friday's levels.

Merck ( MRK), Intel ( INTC), JPMorgan ( JPM) and Cisco Systems ( CSCO) outperformed in the Dow. Gains ranged from 3% to 6%. Earnings from JPMorgan are due Friday before the open.

Money flowed out of bonds and into stocks. The 10-year Treasury yield added 2 basis points to 2.80%.

Top Tech Stocks Outperform

IBD 50 names shined as about half the names in the screen scored gains of 2% or more. Two China stocks stood out. After a nice bounce off the 10-week moving average last week, Baozun ( BZUN) soared 9%. Meanwhile, small-cap China stock Daqo New Energy ( DQ) showed compelling price action, leaping 6%. It broke out over a descending trend line, found by connecting the stock's recent highs.

Elsewhere, chip equipment maker MKS Instruments ( MKSI) reclaimed the 50-day moving average after retracing a mild gain from a conventional entry at 110.60. Shares rose 4% to 114.95. Group peer and fellow IBD 50 component Entegris ( ENTG) has a similar-looking chart. Shares rose 4.5%.

FANG Names Rebound

Of the so-called FANG names, Leaderboard name Netflix ( NFLX) and Google parent Alphabet ( GOOGL) led the charge, both with gains of around 3%.

Facebook ( FB) added nearly 2% as CEO Mark Zuckerberg arrived on Capitol Hill ahead of two days of congressional testimony.

In merger news, Novartis ( NVS) paid a big premium for AveXis ( AVXS). Shares of AveXis soared 81% after Novartis announced plans to acquire the company for $8.7 billion. AveXis has a promising gene therapy drug to treat spinal muscular atrophy.

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The post Tech Stocks Shine As Nasdaq Jumps 2%; Netflix, Alphabet Lead FANG Stocks appeared first on Investor's Business Daily.


42. Stocks Battle To Recover, Intel Shows Strength While Trump Calls U.S. Trade StupidПн., 09 апр.[−]

U.S. stock indexes began Monday's session backfilling losses from the previous week. In the Nasdaq 100, Apple ( AAPL) and Intel ( INTC) appeared to be winning a battle at their 50-day lines.

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The Nasdaq popped 2%, while the S&P 500 and the Dow Jones industrial average rose 1.4% to 1.5% each. Volume in the stock market today was down on the NYSE and up on the Nasdaq vs. the same time on Friday.

Monday was a slow day for financial releases, but President Trump kept China and U.S. trade in the spotlight.

Trump tweeted Monday that the U.S. has been engaging in "stupid trade" with China for years.

The stock market has been news-driven in recent weeks, and Trump's tariffs have supplied a lot of the headlines. A news-driven market is shaky by nature. Bulls would rather see upcoming earnings become the chief market driver.

Apple, Intel, Starbucks Battle

Apple advanced more than 2% as the stock retook its 50-day line. The widely held stock has been bobbing above and below the 50-day line for almost three weeks. Investors are waiting for Apple's quarterly results for fiscal Q2 ended in March. Results will be released May 1 after the close.

The Street expects Apple to report earnings of $2.70 a share, which would represent a 29% increase.

Intel dashed 2.5% higher, padding its cushion above the 50-day line. Intel will report Q1 earnings April 26 after the close. Analysts expect earnings of 72 cents a share, which would be a 9% increase.

Another Nasdaq 100 stock showing interesting chart action is Starbucks ( SBUX). The retailer is working on a cup-with-handle pattern within a larger consolidation.

Starbucks is 9% off its June high but only 5% off the high of its current pattern. The company is expected to release quarterly results April 26 after the close, but that date is tentative.

The Street expects Starbucks to grow earnings 18% to 53 cents a share. In fiscal 2018 ending in September, analysts expect earnings to rise 20%. That would be the best growth in four years.

The stock of Starbucks has been trading essentially sideways in a price channel for about two and a half years.

Among top-rated stocks, the Innovator IBD 50 Fund ( FFTY) rose 2%. The exchange-traded fund reflects the performance of the IBD 50. The fund is up about 1.5% so far in 2018.

Blue chips were mostly up. Gainers led losers in the Dow Jones industrial average by a 4-1 ratio. More than a third of the 30-components in the Dow were up 1% or more. Visa ( V) and Microsoft ( MSFT) were the closest to a new high. Both were 5% off their late January highs.

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The post Stocks Battle To Recover, Intel Shows Strength While Trump Calls U.S. Trade Stupid appeared first on Investor's Business Daily.


43. Techs Lead Stock Market Rally; Amazon, PayPal Sharply HigherПн., 09 апр.[−]

The stock market rallied early Monday, as it looked to snap back from Friday's heavy losses. Tech stocks were leading the way in the stock market today.

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The Nasdaq composite advanced 1.2%, while the S&P 500 and Dow Jones industrial average moved up 0.7% apiece. All three indexes are seeing support around their long-term 200-day moving average lines.

Among the Dow Jones industrials, Nike ( NKE) moved up 0.2%, as the stock moved closer to a potential buy point — a flat-base's 70.35 entry. Bullishly, the stock's relative strength line hit a new high last week. Retailers have been a source of strength amid the current stock market correction.

Meanwhile, Apple ( AAPL) jumped 1.7% and is trying to get back above its 50-day line.

The FANG stocks were mostly higher early Monday with gains ranging from 0.6% to 2.5%. Alphabet ( GOOGL) and Netflix ( NFLX) set the pace with rises of about 2.5% apiece. Alphabet shares are battling for support at their 200-day line — about 15% off its recent 52-week high.

Amazon.com ( AMZN) followed up with a 2% advance. Shares continue to languish under the 50-day line. During the stock's current pullback, it has fallen as much as 16% off its all-time high

But Facebook ( FB) lagged with a 0.6% gain. The stock is well-below its 50- and 200-day moving average lines.

Oil and gas refiner HollyFrontier ( HFC) is breaking out above a 53.31 cup-shaped base's entry early Monday with a 2% advance. Shares were right below that level through morning trade. Volume was tracking just below average.

Inside The IBD 50 Stocks

Among leading growth stocks, most top names were headed north through morning trade. PayPal ( PYPL) was one of the top performers with a near-2% rise. Shares have been in correction model since Feb. 1 and are stuck below their 50-day line.

On the downside, Floor & Decor ( FND) declined almost 2%, but is still extended from a 51.58 cup-shaped base's buy point.

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The post Techs Lead Stock Market Rally; Amazon, PayPal Sharply Higher appeared first on Investor's Business Daily.


44. Stocks Rise: Facebook Lags; Amazon Jumps; Russia Stocks RattledПн., 09 апр.[−]

Stocks opened higher Monday as Facebook ( FB) Chief Executive Mark Zuckerberg and U.S. trade relations with China were early focal points for investors, Amazon.com ( AMZN) jumped on a positive analyst note. Meanwhile, Russian-related issues were under fire following an uptick in tension between the U.S. and Russia.

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The Nasdaq Composite jumped 0.8%, as Apple ( AAPL) and three of four FANG stock tech leaders were up around 1% each in early trade. Facebook lagged, with a fractional gain.

The Dow Jones industrial average advanced 0.8% as Merck ( MRK) muscled up nearly 3%. The S&P 500 0.6%.

Russia-related stocks and ETFs positioned for a tough day, tumbling in premarket trading in response to the new round of sanctions announced Friday by the White House. In addition, President Trump threatened action after what appeared to be a deadly chemicals weapons attack on civilians over the weekend.

News reports said several missiles struck an airbase in Syria on Monday. Russia quickly blamed Israel for the attacks, in another uptick of tensions in the region.

In Moscow, the Micex benchmark dropped 2.6% Monday. Early U.S. trading showed the iShares MSCI Capped Russia ( ERUS) exchange traded fund down 11%. Among Russia-related stocks, search engine Yandex ( YNDX) toppled 10%, and Mobile Telesystems ( MBT) dumped 6% and financial network Qiwi ( QIWI) shed 4%.

Merck Gets Trial Win; Facebook Vs. Congress

Biotechs and other drugmakers were highly active ahead of Monday's open. Merck surged 2.5% to lead the Dow in early trading after the drugmaker's Keytruda earned positive results in a phase 3 trial for treatment of lung cancer tumors. Merck shares dropped 2% Friday after negative results from a late-state trial, and are down 24% from a September low.

Illinois-based biotech AveXis ( AVXS) spiked 79% in opening trade. Swiss drug giant Novartis ( NVS) announced it would pay $8.7 billion to acquire the gene therapy specialist. Novartis will pay $218 per share, a premium of almost 90% over AveXis' closing price Friday. Novartis shares rose 0.7% at Monday's open.

Biotech Menlo Therapeutics ( MNLO) dived 67% in early action. Jefferies cut the stock to hold, from buy, after the company announced its dermatitus treatment serlopitant failed to meet targets in a Phase 2 clinical trial.

In the tech realm, Facebook's Zuckerberg steps in front of Congress on Tuesday and Wednesday, with lawmakers eager to grill the social media pioneer. Questioning is likely to revolve around Facebook's privacy practices, security and details related to the Cambridge Analytica scandal. Facebook penalized another data-analytics firm, Cubeyou, on Sunday over possible misuse of Facebook user data.

Facebook shares are down 19% from an early February high, posting tight weekly closes below their converged 10- and 40-week moving averages.

Amazon Good For USPS, Boeing Lands American Deal

IBD Leaderboard name Amazon.com rose 1.3%. A note from UBS quoted former Postmaster General Patrick Donahoe saying that the company's relationship was profitable for the U.S. Postal Service. Analysts arranged the call with Donahue, according to MarketWatch, due to questions and "confusion around the rhetoric coming out of Washington, D.C." raised about Amazon's contract with USPS.

Amazon shares are pulled back in a four-week consolidation, and extended above a 1,231.51 buy point.

Also on the Leaderboard list, Autohome ( ATHM) swung 1.5% higher.. Autohome is consolidating — above 10-week support and below a March 21 high.

Boeing ( BA) shares rallied 1.6%at the start of trading. American Airlines Group ( AAL) reported late Friday plans to purchase 47 Boeing 787 aircraft, valued at more than $12 billion. American also said it would cancel a deal with Boeing's European rival, Airbus.

Boeing shares are pulled back 12% from an early March high. American shares have been undulating in a flattish consolidation since December 2016. American shares rose 0.2% in early action.

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The post Stocks Rise: Facebook Lags; Amazon Jumps; Russia Stocks Rattled appeared first on Investor's Business Daily.


45. S&P 500, Dow Jones Futures Rise Sharply As Trump Says China's Xi Is 'Friend'Пн., 09 апр.[−]

Stock market futures for the S&P 500 index, Dow Jones industrial average and Nasdaq 100 rose strongly Monday morning. President Donald Trump tweeted that he will "always" be friends with China President Xi Jinping even though he decried America's "STUPID TRADE" policy.

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The S&P 500 index, Nasdaq composite and Dow Jones fell in volatile trade last week, but held above recent lows, so the stock market rally isn't dead. Still, Apple ( AAPL) and Netflix ( NFLX), Microsoft ( MSFT) and Micron Technology ( MU) led a slew of stocks losing key support. New breakouts ran into trouble. The chip sector hit new lows. Looking ahead, investors will stay focused on trade war news and Facebook ( FB) as CEO Mark Zuckerberg goes before Congress.

Stock Market Futures

S&P 500 index futures rose 0.6% vs. fair value. Stock market futures indicated a 0.7% advance for the Dow Jones and 0.85% for the Nasdaq 100. Keep in mind that stock market futures don't always predict how the major averages will trade in the following session.

Trump: China's Xi 'Always' A Friend

President Donald Trump tweeted Sunday that "China will take down its Trade Barriers because it is the right thing to do." He expressed confidence that he'll "always be friends" with China President Xi Jinping.

However, Trump Monday morning decried the "STUPID TRADE" policy of importing Chinese-made cars with a 2.5% tariff, while U.S. car exports to China face a 25% tariff.

Trump late Thursday proposed imposing tariffs on an additional $100 billion in Chinese goods after Beijing quickly retaliated vs. the U.S.' initial 25% tariff on $50 billion of Chinese wares.

President Xi will give a major economic address on Tuesday. He's expected to propose reforms and to open up the economy further. But he'll want to avoid appearing to give in to Trump's tariff threats.

Friday's Market Sell-Off Broad

The S&P 500 index and other major averages rose Tuesday-Thursday, a hopeful win streak though it came on increasingly light volume. But the rally wasn't confirmed. On Friday, stocks sold off sharply as China trade war fears revived. Fully 191 of the 197 industry groups that IBD tracks declining. That includes apparel makers, clothing retailers, defense firms and homebuilders, which have been among the pockets of strength in a bad market.

Recent breakouts Five Below ( FIVE), Vipor Energy Partners ( VNOM), fell back below buy points on Friday.

50-Day Support Lost

Apple, Microsoft, Netflix and Micron Technology undercut their 50-day lines Friday. So did UnitedHealth ( UNH), Chevron ( CVX), McDonald's ( MCD), Salesforce.com ( CRM), Mastercard ( MA), Square ( SQ), General Dynamics ( GD) and Lockheed Martin ( LMT).

Apple, Microsoft, UnitedHealth, Chevron and McDonald's are all Dow Jones stocks.

Micron has been the big chip leader, so its near-round trip of a sizable rally was one more bad sign for the sector . The Philadelphia Semiconductor Index undercut its recent lows on Friday. It's hard for the market to have a strong rally without chips taking part in some fashion.

Netflix has been the best-performing FANG stock, so its retreat was discouraging.

Facebook

Meanwhile, Facebook has been the worst-performing FANG stock, plunging well below its 200-day moving average over the Cambridge Analytica data scandal.

Facebook investors have to hope CEO Zuckerberg will put on a better performance than the stock in congressional hearings on April 10-11.

Zuckerberg will have to persuade lawmakers and the public that the social giant will do a better job of protecting users' privacy. But he also must strike a balance with efforts to rein in fake news and extremist beliefs. For investors, want to make sure that Facebook can still generate massive ad revenue from user data.

Facebook on Sunday suspended another data-analytics firm, Cubeyou, amid allegations that the company mishandled users' data.

Stock Market Outlook

The market will eventually confirm a new uptrend. But that could be on Monday, next week, next month or next year. Don't try to guess what the stock market will do, listen to what it's saying.

Read the Stock Market Today and The Big Picture to stay in sync with the major averages and leading stocks.

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The post S&P 500, Dow Jones Futures Rise Sharply As Trump Says China's Xi Is 'Friend' appeared first on Investor's Business Daily.


46. Stock Market Ends Week On Down Note As China Trade War Fears PersistПт., 06 апр.[−]

The stock market sold off sharply Friday as three-session win streaks for the major stock indexes came to an abrupt end.

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Negative sentiment in the stock market was fueled after President Trump threatened another $100 billion of tariffs on China imports.

Investors weren't overly fearful, though. The put-call ratio registered a tame reading of 1.04. Excessive fear has been seen at many market bottoms in the past.

At the close, the Dow Jones industrial average, S&P 500 and Nasdaq composite showed losses of around 2.2% to 2.3%. Small caps also took heat as the Russell 2000 gave back 2%. Preliminary data showed volume coming in higher than Thursday's levels. Volume picked up late.

Department stores, steel producers and oil and gas producers were among the hardest hit groups with losses of 4% to 5%.

Dow Stocks Take Heat

The two stocks in the Dow most vulnerable to a trade war with China, Boeing ( BA) and Caterpillar ( CAT), lagged with losses of around 3%. Chipmaker Intel ( INTC) also lost 3%.

JPMorgan ( JPM) also lagged in the Dow. Shares dropped 2.5%. Financials fell in spades as money flowed into bonds again. The 10-year Treasury yield slumped 6 basis points to around 2.77%.

First-quarter earnings season kicks off next week. Results from JPMorgan and Citigroup ( C) are due Friday before the open.

China Names Lead In Stock Market

Inside the IBD 50, China-based Baozun ( BZUN) continued to show bullish action at the 10-week moving average. Shares rose more than 2.5%. It's a volatile stock, though, prone to erratic price swings. Fundamentals are compelling, with full-year earnings seen rising 69% this year and 59% in 2019. Baozun is a provider of e-commerce solutions.

Leaderboard name Autohome ( ATHM) also bucked the trend. Shares of the China-based name added 0.8%.

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The post Stock Market Ends Week On Down Note As China Trade War Fears Persist appeared first on Investor's Business Daily.


47. Dow Plummets 3% As Trade Worries, Jobs Report Crush StocksПт., 06 апр.[−]

Stock losses deepened in afternoon trading Friday, with the Dow Jones industrial average off 3% and major indexes wiping out much of the gains of the past few days.

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The Dow shed 738 points and each of its 30 components was down. Caterpillar ( CAT) and Boeing ( BA), two companies that face risks from a trade war, were down 4.6% and 4%, respectively. Both remain in the lower parts of price corrections.

The S&P 500 slid 2.7% and the Nasdaq composite lost 2.6%. The S&P 500 fell back below its long-term 200-day moving average, and the three big indexes are now down for the week.

Indexes were at session lows with about an hour to go in the trading week. They've erased about half of the gains from Wednesday's lows. The Russell 2000 was off 2.2%. Volume was higher on the Nasdaq and lower on the NYSE compared with the same time Thursday. Losers led winners by a more than 5-1 ratio on the NYSE and by more than 4-to-1 on the Nasdaq.

Selling appeared to intensify after Treasury Secretary Steven Mnuchin said on CNBC that trade talks continue with China, but the Trump administration is prepared for an escalation.

Friday's tumble means the rally attempt is in trouble but not dead. The Nasdaq and S&P 500 remain above the April 2 lows.

President Trump said late Thursday he may impose tariffs on an additional $100 billion of Chinese imports. It was the latest step in a brewing crisis in which the U.S. and China have traded tariff threats.

Fears of a trade war spread to other financial markets. U.S. crude oil — which is an export to China — fell 2.3% to $62.06 a barrel.

Gold prices, considered a haven asset, rose Friday. The SPDR Gold Shares ETF was up 0.4%.

The yield on the 10-year Treasury note fell 5 basis points to 2.78%. A disappointing jobs report contributed to the drop.

Friday morning, the March employment report showed an increase of 103,000 nonfarm jobs, well below forecasts. The unemployment rate of 4.1% was a tenth of a point higher than forecast, too.

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48. Dow Jones Paces Broad Drop As These 2 Growth Stocks Post Sell SignalsПт., 06 апр.[−]

Concern over an intensifying conflict between the U.S. and China over the gaping trade deficit remained front and center in the stock market on Friday, sending the Dow Jones industrial average down more than 2%.

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At 23,950, the Dow Jones industrial average still remains above the key 200-day moving average but is also down more than 2% year to date.

At 2 p.m. ET, the Nasdaq composite and the S&P 500 saw their losses to expand around 1.9% to 2%. The S&P SmallCap 600 sank 1.7%.

Volume is running lower on both exchanges vs. the same time Thursday.

Micron Technology ( MU) nearly gave back all of its stout gains from a 47.08 entry in a double-bottom base. Shares dropped to as low as 47.26 before rebounding.

When a leading stock breaks out and rises at least 10% past the proper buy point, a good sell rule is to exit the position if the stock threatens to do a complete round trip of those large short-term gains. Such negative action indicates the general market is either highly choppy or in correction mode.

On March 19, IBD downgraded the current outlook (as seen in IBD's Big Picture) to "Uptrend under pressure" from "Market in confirmed uptrend" after the S&P 500 logged as many as six distribution days. A distribution occurs when the major indexes fall 0.2% or more in higher turnover vs. the prior day. IBD uses NYSE composite volume to study the price-and-volume action of the S&P 500.

Six trading sessions later on March 29, IBD noted via The Big Picture column that the current outlook got downgraded again, this time to "Market in correction." During this phase, it's smart strategy to raise cash, lock in gains, cut losses, and sit on the sidelines. Wait for calmer market conditions to return.

Going back to Micron, watch to see how the stock behaves near the key 50-day moving average.

The memory-chip expert's advance from the proper buy point at one time exceeded 30%. When the gains from a proper breakout hit the 20%-25% level or more, that's a ripe time to lock in at least partial gains.

Smart Global ( SGH) dipped more than 4% and briefly violated a 43.25 buy point in a cuplike pattern that began Nov. 24. Such steep losses illustrate the importance of having an exit plan for your stocks that doesn't wipe out all gains.

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The post Dow Jones Paces Broad Drop As These 2 Growth Stocks Post Sell Signals appeared first on Investor's Business Daily.


49. Trump's New Tariff Threats Hit Stocks, As China Marks HolidayПт., 06 апр.[−]

Stock indexes chalked up losses midday Friday, as volume headed toward a fourth decline in a row. Procter & Gamble ( PG) was the only stock in the 30-component Dow to rise, and its gain was meager.

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The Dow Jones industrial average slid 1.4%, while the S&P 500 and the Nasdaq lost 1% and 0.8% respectively. Small caps kept to the trend, as the Russell 2000 fell 1.1%.

Volume in the stock market today dropped on both major exchanges.

Lower volume has been the trend recently. Neither the bulls nor the bears are finding conviction.

Among IBD's 197 industry groups, defensive plays were doing well Friday. The day's biggest winners included discount chains, dairy and meat stocks. Steel logged the biggest loss.

Two factors were hurting stocks. On Thursday night, President Trump expanded his list of Chinese products targeted for tariffs. China did not immediately respond.

Friday was Qing Ming Jie day in China, a holiday when ancestors are honored and kites are flown. The Shanghai exchange was closed in observance of the holiday.

The second negative was the employment situation report for March. The U.S. economy added only 103,000 jobs vs. the consensus estimate of 175,000. But the previous month's reading was revised upward from 313,000 to 326,000.

Breakouts Dwindle

Breakouts were scarce Friday, dwindling from Thursday's moderate showing.

Gentex ( GNTX), a maker of automotive electronics, tried to inch above a 24.17 buy point. Volume was soft. Gentex has a Composite Rating of 90, ranking it in the top 10% among all stocks in IBD's database.

Ambac Financial ( AMBC) cleared a 16.41 entry in a double-bottom pattern. Volume was routine. Ambac has middle of the pack ratings.

Some quality stocks are testing their 50-day or 10-week moving average lines. This could offer buying opportunities if the stock market shifts to an uptrend. The stocks included Netflix ( NFLX), Apple ( AAPL), ServiceNow ( NOW), Micron Technology ( MU) and Grubhub ( GRUB).

The Problem For Stock Indexes

The catch, though, is the unlikeliness of a shift to an uptrend. Although the stock market can always surprise, things do not look encouraging.

As long as the Trump administration continues to flirt with a trade war, the stock market will have trouble pricing in the uncertain situation. And uncertainty is the worst possible situation for the market.

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The post Trump's New Tariff Threats Hit Stocks, As China Marks Holiday appeared first on Investor's Business Daily.


50. Stock Market Back Near Session Lows On Trade War FearsПт., 06 апр.[−]

The stock market was volatile Friday morning as a U.S. payroll report coincided with renewed trade war concerns. The major averages opened down 1% or so, quickly pared losses but were down about 1% again by late morning. FANG stock Netflix ( NFLX) briefly reversed higher Top Chinese stocks continued to underperform and were squarely lower in the stock market today.

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The Nasdaq composite and S&P 500 index declined 1%. The Dow Jones industrial average slid 1.4%. The major averages are looking to snap three-day win streaks.

Late Thursday, President Trump ordered a consideration of an additional $100 billion of tariffs on Chinese imports in response to China's retaliation for Trump's initial China tariffs. China said it would fight "at all cost."

Meanwhile, the U.S. economy only added 103,000 jobs in March compared with an expected 175,000 gain.

Among the Dow Jones industrials, nearly all of the components were trading in the red Friday morning. Apple ( AAPL) traded nearly 1% lower, as it seeks to maintain its 50-day support level. The iPhone maker was able to regain that level in light volume Wednesday. Shares are just 6% off their all-time highs.

Netflix ( NFLX) fell 0.4% intraday but found support at its 50-day line. The stock has risen for the past three sessions.

Top Chinese stocks were under pressure early Friday. IBD 50 member Alibaba ( BABA) fell more than 2% and remains below its long-term 200-day moving average line. Meanwhile, rival JD.com ( JD) dropped nearly 2% amid a more than 20% correction since late January.

However, Chinese auto site and Leaderboard name Autohome ( ATHM) reversed from early losses to rise about 1% and has been able to maintain its 50-day support level in the face of a market correction.

Inside The IBD 50 Stocks

Among leading growth stocks, many components traded lower with losses exceeding 1%. Graphics-chip maker Nvidia ( NVDA) was on pace for a third straight down week, holding a more than 5% weekly decline. Shares fell more than 2% Friday and remain below their 50-day line.

Recent breakout LGI Homes ( LGIH) intially rallied but has fallen 2% to 72.51. The stock is still in the 5% buy range from a 72.10 cup-with-handle entry. The stock's relative strength line hasn't hit a new high to confirm the stock's breakout, but has been trending in the right direction for a number of weeks.

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The post Stock Market Back Near Session Lows On Trade War Fears appeared first on Investor's Business Daily.


51. Stocks Slip On Weak Jobs Report, Rising Trade NoiseПт., 06 апр.[−]

Stocks skidded into Friday's open, with the Nasdaq and S&P 500 erasing their gains for the week after a disappointing March jobs report and another uptick in the U.S. trade dispute with China.

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The Nasdaq Composite dropped 0.9% at the starting bell, as Apple ( AAPL) fell 1% and all four FANG stock tech leaders posted early losses.

Boeing ( BA), Caterpillar ( CAT) and Goldman Sachs ( GS) joined forces to help drag the Dow Jones industrial average down 0.9%. The S&P 500 fell 0.7%. Biotech Incyte ( INCY) posted the widest loss among Nasdaq 100 and S&P 500 stocks.

The Dow headed into Friday's open up 1.7% for the week after a three-day advance. The S&P 500 had 0.8% gain and the Nasdaq Composite held a 0.2% advance. All three indexes showed support at their 200-day moving averages during the week, but face a test of resistance at their 50-day lines.

U.S. nonfarm employers added 103,000 workers in March, the Labor Department reported. That was a third of February's 326,000 new hires, and more than 40% below the 175,000 new workers projected by economist consensus. The unemployment rate held steady at 4.1%, vs. expectations for a dip to 4%.

A bright spot: average hourly earnings, which rose 0.3%, vs. a 0.1% increase in February and in line with estimates.

Markets on Friday will have an ear out for any further developments in the U.S. trade dispute with China, after the U.S. threatened $100 billion in additional penalties late Thursday. China said early Friday it planned to stand firm "at any cost."

Boeing, Incyte, Apple, Xilinx Pace Early Losses

On the Dow, Boeing, Goldman and Caterpillar all fell more than 1.5%. Boeing and the National Aeronautics and Space Administration announced plans to delay a two-person flight in a Boeing capsule, originally scheduled for November, to as late as 2020.

Dow peer Merck ( MRK) opened with a 0.5% decline. The drugmaker announced its melanoma treatment Epacadostat failed to meet its targets in a phase 3 clinical trial. Merck had jointly developed Epacadostat with Incyte. Incyte shares collapsed 22% in early trade.

Apple posted a modest 0.5% loss. News reports said the Southern California district court would depose Chief Executive Tim Cook in June. The testimony is part of Qualcomm's ( QCOM) suit alleging the iPhone maker used inaccurate information to provoke regulators to investigate Qualcomm. Investors are also expecting an update at some point to Apple's capital return strategy that could include a boost to its buyback and dividend. Apple's stock is set for its third straight open back above its 50-day moving average, and up nearly 3% for the week following a three-day advance. Qualcomm shares slipped 1.1%.

Data storage gear maker NetApp ( NTAP) recovered from losses in premarket trade to open with a fractional gain. Late Thursday, the Sunnyvale, Calif.-based company approved an additional $4 billion buyback of company shares, and doubled its quarterly dividend to 40 cents. The stock is up 39% from an October breakout, testing support just below an early March high.

Chipmakers Face Early Pressure

Xilinx ( XLNX) shed 3.1% at of the open. JPMorgan downgraded the stock to underperform, from neutral, and lowered its price target to 68, from 73. The loss sent shares below their 200-day moving average in fast trade.

On the IBD 50 list, Micron Technologies ( MU) pared losses aggressively, recovering support at its 50-day line after diving below that level at the open. The stock dropped more than 6% in heavy trade Thursday after an analyst downgrade. Friday's early action implied shares could open below their 50-day moving average.

Global Stock Markets Mixed

In China, Hong Kong's Hang Seng Index reopened after a one-day holiday to post a 1.1% gain. The Shanghai exchange remained closed on holiday and will reopen Monday. In Japan, Tokyo's Nikkei 225 slipped 0.4% to end the week with a 0.5% gain.

Europe's stock markets pared losses in afternoon trade. Frankfurt's DAX dipped 0.4%. London's FTSE 100 narrowed its losses to a fraction.

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The post Stocks Slip On Weak Jobs Report, Rising Trade Noise appeared first on Investor's Business Daily.


52. S&P 500 Futures Tumble As Trump-China Trade War EscalatesПт., 06 апр.[−]

S&P 500 futures abruptly sold off overnight, as President Donald Trump said late Thursday he may impose tariffs on an additional $100 billion of Chinese imports, citing China's "unfair retaliation" for his initial tariffs on $50 billion of Chinese goods. China said Friday morning that it would fight back "to the end, and at any cost." Nasdaq 100 and Dow Jones also fell sharply. But stock market futures were off lows but weakening again.

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The major averages have rallied for three straight sessions, in large part on hopes that the U.S. and China would negotiate a trade settlement. The S&P 500 and other major averages have been rising on increasingly declining volume, though.

"In light of China's unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs," Trump said in a statement.

The White House detailed its tariff plan Tuesday night, with a 25% duty on Chinese goods, mostly tech and telecom products. Beijing, which had vowed to fight back blow for blow, the next day slapped a 25% tariff on $50 billion in U.S. goods. The targets include. soybeans, corn, airplanes and automobiles.

S&P 500 Futures Skid On Trade War Fears

S&P 500 futures fell 09% vs. fair value. Dow Jones futures sold off 1.05%. Nasdaq 100 futures were down 1.1%. Stock market futures were weakening again after paring losses earlier Friday morning.

Boeing ( BA) retreated 2.3% as the Dow Jones aerospace giant could lose China sales if a trade war heats up.

Keep in mind that overnight trading in stock market futures and individual stocks often doesn't translate into how the regular session unfolds. Stock futures plunged early Wednesday after China announced its retaliatory tariffs, but the major averages rallied to close with solid gains.

Before Friday's open, investors will get the March employment report, with wage growth in focus.

Retaking The 50-Day Line

Apple ( AAPL) and Netflix ( NFLX) are among the many big techs that have reclaimed 50-day moving averages in below-average volume this week. But software stocks Adobe Systems ( ADBE), Workday ( WDAY) and Atlassian ( TEAM) have all retaken that key support line this week in above-normal trade.

Those solid moves above key support indicate institutional support for Adobe, Workday and Atlassian. Conversely, lackluster volume for the S&P 500, Apple and Netflix suggests that mutual funds are withholding judgment on the rally attempt and those two household names.

Software Stocks Are Hot

Adobe, Workday and Atlassian are all in a hot sector: business software. Enterprise software and related groups have been market leaders in recent months. Industry group strength is an important factor to consider when looking for stocks to buy.

Meanwhile, the three stocks are highly rated. Adobe and Workday have best-possible 99 Composite Ratings, while Atlassian has a 97 Composite Rating. The Composite Rating combines several proprietary ratings into one score. All-time winners often have Composite Ratings of at least 95 near the start of their big runs.

Adobe and Atlassian are both on the IBD 50 stock list.

Adobe Systems' relative strength line, which tracks a stock's performance vs. the S&P 500 index, is near record highs. The RS lines for Workday and Atlassian have eased modestly in the past few weeks, but after solid uptrends.

All three stocks need to consolidate for a few more weeks before forming proper bases and related buy points. The stock market is still in a correction, which makes any new buys iffy. But they are all worth watching.

Apple and Netflix also are worth watching. Netflix was just added to IBD Leaderboard Thursday.

However, Apple and Netflix fell more than 1% early Friday as S&P 500 futures tumbled. Adobe, Workday and Atlassian were not active.

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The post S&P 500 Futures Tumble As Trump-China Trade War Escalates appeared first on Investor's Business Daily.


53. Stock Market Rises Again: This Is The FANG Stock To Focus On Right NowЧт., 05 апр.[−]

Major stock indexes extended gains Thursday as FANG stock Netflix ( NFLX) proved its mettle again.

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The Dow Jones industrial average outperformed with a 1% gain. The S&P 500 added 0.7% and the Nasdaq composite rose 0.5%. Preliminary data showed volume on the NYSE and Nasdaq coming in just below Wednesday's levels.

In the stock market today, Nike ( NKE) did well in the Dow, up 1.7% to 69.60. It's closing in on a breakout from a flat base with a 70.35 buy point.

FANG Stock Netflix Holds Up

Among the so-called FANG stocks, Netflix, which has rejoined IBD Leaderboard, is the healthiest at this point as it retook at the 50-day moving average. Shares rose 1.7%, although volume tailed off and finished 12% below average. The other FANG names — Facebook ( FB), Amazon.com ( AMZN) and Google parent Alphabet ( GOOGL) — are in various states of technical disrepair.

The Nasdaq's performance was particularly impressive in light of a 1% decline for the Philadelphia Semiconductor index.

Chip stocks were generally weak after UBS started coverage of 14 chips stocks. Micron Technology ( MU) and Texas Instruments ( TXN) got sell ratings, while commentary was more positive for Broadcom ( AVGO), Intel ( INTC), KLA-Tencor ( KLAC) and Marvell Technology Group ( MRVL).

Raytheon Works On Base

In the aerospace/defense group, Raytheon ( RTN) picked up 1% to 219.39 as it works on a flat base with a 222.92 buy point.

Shares of IBD 50 name LGI Homes ( LGIH) broke out of a base, rising around 3.5% to 73.97. It cleared a cup-with-handle base with a buy point of 72.10. Earlier today, the Texas-based homebuilder said it closed the sale of 599 homes in March, up 64% from a year ago.

The March employment report looms large on Friday. Economists expect non-farm payrolls to rise by 175,000. The unemployment rate is expected to tick lower to 4%.

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The post Stock Market Rises Again: This Is The FANG Stock To Focus On Right Now appeared first on Investor's Business Daily.


54. Stocks Hold Gains As Facebook Gives Techs A BoostЧт., 05 апр.[−]

The main stock indexes were bouncing back after a midday fade as a jump in Facebook ( FB) shares helped give the technology sector a bit of a respite.

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The Nasdaq composite was up 0.6% but off its peak gain of 1%. The S&P 500 climbed 0.8% and the Dow Jones industrial average was up 1.1%. Small caps were about par with the rest of the market, with the Russell 2000 up 0.6%.

It's a good day for the energy sector, and Dow component Chevron ( CVX) climbed back above the 50-day moving average. It's still quite a ways from a new buy area, though. Steel and other metals industry groups were performing best.

The market is still looking to mount a good rally attempt. Nasdaq bounces on March 26 and March 29 failed to bring continued buying and indexes slid into new lows. On Wednesday, the market tried at a new bottom, but the jury is out on the success of that rally attempt.

Facebook, FANG Stocks Rally

Facebook gapped up after CEO Mark Zuckerberg assured investors that he sees no meaningful impact from the scandal and its aftermath. The stock remains nearly 20% off its high and in the early phase of a possible bottom.

Netflix ( NFLX) climbed back above the 50-day line also. Other major Nasdaq stocks such as Amazon.com ( AMZN), Alphabet ( GOOGL) and Apple ( AAPL) have weak Accumulation/Distribution Ratings of E (worst possible) to D. That reflects the severe selling these market leaders have gone through.

The more-interesting action in today's market was among smaller stocks.

Small-cap Renewable Energy ( REGI) broke out of a cup-without-handle base. The stock is in buy range from the 13.65 buy point, and the relative strength line is at new highs as well.

Lamb Weston Holdings ( LW) broke out past the 60.95 buy point of a cup-without-handle pattern. Volume was heavy as shares hit a record high. The frozen vegetables supplier beat profit expectations and gave a sunny outlook.

Ollie's Bargain Outlet ( OLLI) erased most of its sharp loss early today. Shares initially plunged on the company's soft guidance. Ollie's topped fourth-quarter estimates late Wednesday, but the company's full-year revenue guidance came in light.

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55. Dow Jones Leads, Nasdaq Lags As Apple Strives To Set Up BreakoutЧт., 05 апр.[−]

Apple ( AAPL) helped pace a rebound among megacaps on Thursday but tentative action by top semiconductor firms stalled the Nasdaq's advance. The Nasdaq was up less than 0.1% in mid-afternoon trading after briefly turning negative. The S&P 500 rose 0.3% while the Dow Jones industrial average rallied 0.5%.

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At one point the Dow rallied more than 1%. Volume is running flat on the Nasdaq and slightly lower on the NYSE vs. the same time on Wednesday.

Apple, the iPhone and iPad giant, reclaimed the 50-day moving average as shares gained 0.7% to 172.78. Apple's gain helps boost the Dow industrial average, which saw at least 10 of the 30 components up 1 point or more.

The S&P SmallCap 600 rallied 0.5% and continues to outpace the S&P 500 year to date. At 947, the S&P 600 is up 1.1% since Jan. 1.

While volume in Apple is currently running below usual levels, that is fine. Why? At this point, investors may want to home in on how the current correction in Apple turns out. A new base could form, including a flat base or a shallow cup.

Typical cup-with-handle patterns show an initial decline of as little as 12% to as much as 33%. Too deep a decline is negative; the stock would have to work much harder just to approach or match the cup's left side peak.

As reported by IBD, Apple is in position to potentially make dramatic increases in dividends and share buybacks.

At the end of its fiscal first quarter ended in December, Apple showed $27.5 billion in pure cash and cash equivalents and $49.7 billion in marketable securities.

Why Apple Could Lead Again

Wall Street sees Apple growing fiscal 2018 earnings 24% to $11.45 a share and fiscal 2019 earnings another 14% to $13.11 a share. The Cupertino, Calif., firm has become a powerhouse in digital services, and this business unit is helping to drive a growth renaissance for the largest company in the U.S. financial markets by market value ($883 billion).

IBD's Stock Market Today column frequently covered Apple as it hauled out of a lovely cup with handle on Jan. 6, 2017, breaking past a 118.12 entry. The cup with handle forms over a minimum seven weeks. The stock has since rallied as much as 55%.

The stock is up 2.5% since Jan. 1. The Relative Price Strength Rating has jumped to 78 from 68 two weeks ago on a scale of 1 to 99.

Elsewhere, the Philadelphia Semiconductor index, or the SOX, dropped 1.5% as new sector leader Micron Technology ( MU) let go of Wednesday's big rebound. The stock fell 7.5% to 49.37 in volume running more than 80% above usual levels.

Micron, however, has not come all the way back to its recent 49.08 buy point in a roughly three-month double bottom. To find the correct entry for this base, find the middle peak in between the two lows within the base, then add a dime.

Micron grew profit 666% and 213% vs. year-ago levels in the past two quarters as sales soared 71% and 58%. Analysts expect the Boise, Idaho, company to post a 75% increase in earnings to $2.84 a share in the first quarter.

(Please follow Saito-Chung on Twitter at @IBD_DChung for additional commentary on growth stocks, buy points, sell signals, and financial markets.)

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The post Dow Jones Leads, Nasdaq Lags As Apple Strives To Set Up Breakout appeared first on Investor's Business Daily.


56. Stock Indexes Up Sharply: Is Relief Rally Ahead?Чт., 05 апр.[−]

U.S. stock indexes were on track Thursday for their third straight up day. The gains, though, have come in declining volume, putting institutional participation into question.

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An up day in declining volume is not what bulls prefer to see. Ideally price gains should come in strong volume.

The Dow Jones industrial average led with a 1.3% pop. The Nasdaq and S&P 500 rose roughly 0.8% to 0.9% each.

The small cap Russell 2000 added 0.8%. The Russell is about flat year to date.

Volume in the stock market today fell on both major exchanges.

Most blue chips were up. Boeing ( BA) spurted 3% higher. Caterpillar ( CAT) advanced 2%. JPMorgan Chase ( JPM) gapped up 1%. During the market correction, JPMorgan retreated 11%, while Boeing and Caterpillar fell as much as 16% and 20% respectively.

Each of the three stocks have bounced off their recent lows.

Is A Relief Rally Ahead?

News and self-inflicted economic pain has dragged the market down since the Nasdaq's closing high March 12. A skirmish over tariffs is unnerving the stock market.

If the tariff issue is settled, the stock market could be in for a strong relief rally. China has not yet said when it would impose its announced tariffs. Meanwhile, the Associated Press reported that the U.S. will not impose tariffs until it has spent weeks seeking and collecting public comments.

The window between the tariff announcements and the implementation gives both the U.S. and China room to negotiate.

A fix could transform the recent three-day pop in the indexes into something much stronger.

Day's Leaders And Breakouts

Among IBD's 197 industry groups, oil stocks, homebuilders, automakers and steel were the big winners midday Thursday. Losers included truckers, biotechs and consumer electronics.

The latter was mostly about one stock — Conn's ( CONN). The retail chain gapped down 11% and lost its 50-day moving average line. The small-cap stock topped views on earnings, but missed on revenue. Conn's also offered weak guidance.

Among top-rated stocks, breakouts included Texas-oil play Viper Energy Partners ( VNOM), up 5%; Texas-based homebuilder LGI Homes ( LGIH), up 4.5%; Peru-based bank Credicorp ( BAP), up 1.5%; and maintenance products distributor W.W. Grainger ( GWW), up 2.5%.

Financial News

First-time jobless claims came in at 241,000, which was worse than the 230,000 expected.

Challenger, Gray & Christmas reported companies in March announced plans to cut 60,357 jobs — about 70% higher than the previous month. The layoffs were highest in retail.

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The post Stock Indexes Up Sharply: Is Relief Rally Ahead? appeared first on Investor's Business Daily.


57. Dow Jones Leads Modest Rally, As This IBD 50 Name Breaks OutЧт., 05 апр.[−]

The stock market snapped back early Thursday, as it added to Wednesday's dramatic gains. FANG stocks were broadly higher, headlined by Facebook's ( FB) 3% advance. Meanwhile, a top homebuilder within the IBD 50 is breaking out in the stock market today.

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All three major indexes — the Nasdaq composite, the S&P 500 and Dow Jones industrial average — looked to make three straight up days with solid gains Thursday, as they rebound from their longer-term 200-day moving average lines. The Dow advanced 0.8%, while the tech-heavy composite and the S&P 500 moved up about 0.6% apiece.

Among the Dow Jones industrials, Boeing ( BA) paced the day's gainers with a more than 2% rise. Shares are nearing their 50-day line — a potential resistance level that investors should watch closely. The stock is forming a new base amid a 16% correction.

Among companies reporting earnings, Ollie's Bargain Outlet ( OLLI) declined about 6% after the company's full-year revenue guidance fell short of expectations. Shares had been holding up nicely amid the market correction, but are now falling through the 50-day line in heavy volume in morning trade.

Social media giant Facebook held strong gains early Thursday amid comments from CEO Mark Zuckerberg that said the company would update its platform to better protect the privacy of users. The stock moved up about 3% and has been finding support near the 150 price level over the last week, but still remains about 18% off its 52-week high.

The other FANGs snapped back as well. Netflix ( NFLX) and Amazon.com ( AMZN) advanced 1.5% and 1.9%, respectively. The video streaming giant is on pace to regain its 50-day line after Wednesday's dramatic upside reversal.

Meanwhile, the e-commerce name remains below its 50-day line after piercing that support level heavy volume last week.

Inside The IBD 50 Stocks

Among leading growth stocks, top homebuilder LGI Homes ( LGIH) is breaking out above a 72.10 buy point with a more than 5% advance. Shares are still in the 5% buy range that tops out at 75.71. The stock tried to break out Wednesday, but closed below the entry. A potential weakness is a lagging relative strength line — the blue line inked on every MarketSmith and IBD daily and weekly chart. The RS line should notch a new high on the breakout day or shortly thereafter. Still, it has been rising rapidly over the last several weeks.

On the downside, Micron Technology ( MU) dropped almost 3% after UBS initiated coverage on the memory-chip name with a sell rating. UBS set a price target of 35 — a 34% discount to Wednesday's closing price. The stock found much-needed support at its 50-day line Wednesday after an over two-week sell-off.

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The post Dow Jones Leads Modest Rally, As This IBD 50 Name Breaks Out appeared first on Investor's Business Daily.


58. Facebook Leads As Tech Stocks Spearhead Early ReboundЧт., 05 апр.[−]

Facebook ( FB) and Advanced Micro Devices ( AMD) were early leaders at Thursday's open, as global stock markets rallied and the U.S. market looked to add a third straight advance.

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The Nasdaq Composite launched into a 0.9% gain at the starting bell. The Dow Jones industrial average advanced 0.6% and the S&P 500 swung up 0.5%.

Facebook set up an early lead among Nasdaq 100 stocks, bouncing 3.8% putting the stock in positive territory for the week. IBD Leaderboard stock Amazon.com ( AMZN) and Netflix ( NFLX) each opened 1.8% higher, while Alphabet ( GOOGL) rose 0.9%.

Merck, AMD Upgraded; Changyou, Marvell, Sohu Climb

J.P. Morgan ( JPM) and Caterpillar ( CAT) led the early advance among blue chips, rising more than 1% apiece.

Merck posted 0.6% advance. Barclays upgraded Merck to overweight, from equal weight, and raised the stock's price target to 64, from 62. That was about 17% above Wednesday's close. The note also downgraded Merck competitor Pfizer ( PFE), to equal weight, from overweight, and trimmed its price target to 38, from 41. Pfizer shares slipped a fraction in early trade.

American Express climbed 0.9%. The blue-chip credit brand is expected to post a 27% earnings gain when it reports fiscal first-quarter results April 18. That would mark its strongest earnings gain since the second quarter of 2015. The stock has been clinging to support at its 200-day moving average, ending Wednesday 2% below its 50-day line and less than 9% below its mid-January high.

China-based stocks showed early strength. Changyou.com ( CYOU) paced the group, rising nearly 7% in opening trade. The online games provider announced a special dividend of $9.40 per American Depositary Share. China-based Sohu.com ( SOHU), which holds a majority stake in Changyou, climbed more than 4% at the starting bell.

Chip stocks were mixed in premarket action, but Advanced Micro Devices rumbled ahead nearly 4% to lead the Philadelphia Semiconductor Index. Stifel upgraded the stock to buy, from hold, with a target price of 13 — 28% above where shares traded early Thursday. The note said AMD had been oversold on concerns over softening demand for cryptocurrency-related chips.

Marvell Technology ( MRVL) popped 2%. UBS initiated coverage on the company with a buy rating and a 38 price target. Marvell, in the fourth week of a pullback, rebounded in weak trade from its 200-day moving average on Wednesday.

Europe's Markets Rally; U.S. Layoffs, Trade Deficit Rise

Across global stock markets, Frankfurt's DAX led an afternoon rally in Europe, surging 2.4%, vs. a 2.1% gain for Paris' CAC-40 and a 1.7% advance for the FTSE 100 in London.

In China, the Hong Kong and Shanghai exchanges were dark as the country celebrates its Ching Ming festival. On Japan's Tokyo stock exchange, the Nikkei 225 surged 1.5% on Thursday. That lifted the benchmark onto positive ground for the week, and back above its 10-week moving average for the first time since early February.

The U.S. Commerce Department reported the U.S. trade deficit widened to $57.6 billion in February, up from $56.7 billion in January and above consensus views for $56.7 billion.

First-time unemployment claims rose to 242,000 in the week end March 31, the Labor Department said. That was 11% above the prior week's 218,000 claims, and easily outstripping consensus views for an increase to 230,000 claims.

Layoffs announced by U.S. private employers surged to 60,357 in March, according to the monthly Job Cuts Report from Challenger, Gray & Christmas. That was the highest tally since April 2016, up more than 70% vs. February and 39% above year-ago levels.

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The post Facebook Leads As Tech Stocks Spearhead Early Rebound appeared first on Investor's Business Daily.


59. Techs Lead Futures Higher; This Dow Jones Stock Nears Buy PointЧт., 05 апр.[−]

Dow Jones, Nasdaq and S&P 500 futures signaled strong gains Thursday morning, following stock market gains in the last two sessions. Dow Jones stocks Apple ( AAPL), Microsoft ( MSFT) and UnitedHealth ( UNH) reclaimed their 50-day lines Wednesday. A fourth Dow Jones stock, Nike ( NKE), is near a buy point. Separately, embattled Facebook ( FB) rebounded overnight after Facebook CEO Mark Zuckerberg answered questions.

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Stock Market Action

Wednesday's stock market action was encouraging. After plunging at the open as China announced retaliatory tariffs, the Dow Jones rebounded more than 700 points from its low, and the S&P 500 index found support again at its 200-day line. The Nasdaq composite advanced 1.45%.

This is the second day of a rally attempt within a stock market correction. A confirmed uptrend has not yet taken hold. Investors should work on their watch lists of the best stocks, top-rated names setting up in bullish patterns. Also, read the Stock Market Today and The Big Picture every day to stay in sync with major market turns.

Four Dow Jones Stocks

Dow Jones stocks Apple and Microsoft reclaimed their 50-day moving averages, but do not yet have proper buy points. UnitedHealth, which also moved above its 50-day line, is in a consolidation with a potential entry. Nike, which reclaimed its 50-day line Tuesday, is closing in on an entry.

UnitedHealth and Nike also boast relative strength lines right around all-time or long-term highs. The RS line tracks a stock's performance vs. the S&P 500 index. The RS lines for Apple and Microsoft are still off recent peaks, but not too far off.

Stock Market Futures

S&P 500 futures rose 0.45% above fair value. Dow Jones futures advanced 0.3%. Nasdaq 100 futures climbed 0.8%.

Apple

Apple rose 1.9% to 171.61. Volume was higher than Tuesday's but 15% below normal. The Dow stock is in the fourth week of a consolidation. The pattern needs at least five weeks to be a proper flat base with a buy point, presumably at 183.60.

Apple rose a fraction early Thursday morning.

Microsoft

Microsoft popped 2.8% to 92.26 on Wednesday on volume that was 13% below average. An early March breakout from a 96.17 entry quickly failed, with the buy point no longer valid. Microsoft also needs to consolidate through at least the end of next week before it would have a potential base and entry.

Microsoft edged higher early Thursday.

UnitedHealth

UnitedHealth climbed 1.9% to 228.79 Wednesday. in volume that was 13% above normal. The leading health insurer is in a consolidation with a 250.89 buy point. The stock was not yet active Thursday.

UnitedHealth has surged nearly 7% this week, fueled in part by reports that Walmart ( WMT) is in talks to buy Humana ( HUM). UnitedHealth, Humana and Quest Diagnostics ( DGX) this week also agreed to joint test using blockchain to cut health care costs.

Nike

Nike advanced 2.6% to 68.42 after sprinting 4% on Tuesday, leaping above its 50-day line. The athletic apparel and shoe giant is in a short flat base with a 70.35 buy point.

The stock ticked higher Thursday morning.

Nike is in a pocket of market strength that includes apparel makers and retailers. Other leading stocks hail from specialty discounters, home furnishing chains and other consumer stocks.

Facebook

Facebook rose 3% in early trading after CEO Zuckerberg parried questions from reporters last night. He said Facebook hasn't seen an ad revenue impact from the data privacy scandal. Zuckerberg said he's the best person to be CEO and said he knew of no stirrings by the board to remove him as chairman. He will testify before Congress on April 10-11.

Earlier, Facebook fell after disclosing that 74% more users were affected by the Cambridge Analytica scandal than previously thought. Shares closed off lows, losing less than 1%. But the stock settled 20% off its record high and not far from a 52-week low.

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The post Techs Lead Futures Higher; This Dow Jones Stock Nears Buy Point appeared first on Investor's Business Daily.


60. China Tariffs Weigh On Stocks Early, But Indexes Reverse Sharply HigherСр., 04 апр.[−]

News of fresh China tariffs spooked the stock market early Wednesday, but major stock indexes reversed higher in impressive fashion.

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Technology stocks and small caps led the way. The Nasdaq composite rose close to 1.5% and the Russell 2000 added 1.3%. After falling 2.1% intraday, the Dow Jones industrial average picked up 1%. The S&P 500 gained 1.2%. Preliminary data showed volume on the NYSE and Nasdaq coming in slightly lower than Tuesday's levels.

China, the world's second-largest economy, said it will target $50 billion worth of American products with 25% tariffs.

Boeing ( BA) underperformed in the Dow. Shares fell 1% on a weak day overall for aerospace stocks. The aerospace industry is one of many industries in China's cross hairs regarding potential tariffs.

Apple ( AAPL) reversed higher in the Dow. Shares rose 1.9% as the tech bellwether finds support at the 200-day moving average. Apple retook its 50-day moving average in higher volume, a buy signal for aggressive traders.

Other technology stocks in the Dow outperformed. IBM ( IBM) and Microsoft ( MSFT) ended with gains of around 3%.

Homebuilders Rally

In the stock market today, homebuilders turned in solid showings on the heels of strong earnings from Lennar ( LEN). Shares jumped 10%. Adjusted earnings smashed expectations and surged nearly 600% from the year-ago quarter. Sales jumped 29% to nearly $3 billion. IBD 50 name LGI Homes ( LGIH) bounced off the 50-day moving average as it works on a cup-with-handle base with a 72.10 buy point. Shares vaulted nearly 9% to 71.43.

Other big gainers in the IBD 50 on Wednesday included Floor & Decor ( FND). Shares jumped 8% to 56.31. The hardwood flooring retailer continues to perform well after clearing an alternate entry at 51.58.

Ollie's Bargain Outlet ( OLLI) outperformed ahead of its earnings report after the close. Shares rose 2.5% to 60.45, but it's extended after a breakout in late November over a 47 buy point.

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The post China Tariffs Weigh On Stocks Early, But Indexes Reverse Sharply Higher appeared first on Investor's Business Daily.


61. Consumer Stocks Lead Bounce, But China Tariffs Hit Boeing, Other Big FirmsСр., 04 апр.[−]

Consumer stocks led a bounce in the stock market Wednesday afternoon, although tariff worries hurt Dow industrials such as Boeing ( BA), Caterpillar ( CAT) and United Technologies ( UTX).

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The Nasdaq composite erased a drop of nearly 2% to rise 0.8%. The S&P 500 also reversed higher, up 0.6% and looking more sure-footed at its 200-day moving average.

The Dow Jones industrial average was up 0.5%. Some of its industrial companies fell after China announced new tariffs Wednesday on aircraft and other U.S.-made products. But losses shrank. Boeing and jet engine makers General Electric ( GE) and United Tech were some of the Dow's largest decliners. The tariff news overshadowed Boeing's win of an order of 75 737 Max jets from India's Jet Airways.

Tariff troubles were at least part of the reason the transportation sector was the weakest Wednesday. Ship, rail, truck, airfreight and logistics were in the bottom 10 of 197 industry groups.

Small caps took part in the rebound, with the Russell 2000 rising 0.7%. Volume was lower on the Nasdaq and about the same on the NYSE compared with the same time Tuesday.

Select retail and some health care industry groups were up 2% to 4%. Food industries also led, despite that China plans duties on some food imports.

China also targeted U.S. auto manufacturers for retaliatory tariffs. Yet the industry group was the best performing on Wednesday. General Motors ( GM) and Ford Motor ( F) climbed 2% and 1%, respectively. Tesla ( TSLA) reversed higher and surged 6%. All three stocks are trying to recover from big corrections.

Homebuilders, another proxy for U.S. consumer health, were one of the top industries in today's market. Lennar ( LEN), the nation's No. 1 homebuilder by revenue, spearheaded the group's move after it beat profit expectations. The company says it remains "positive on the outlook of the housing industry in general." Lennar soared 9% in heavy volume, and rose above the 50-day line.

This Consumer Play Brushes Off The China Tariffs

Today's only good breakout was in the consumer space, as well. Boston Beer ( SAM) leapt above the 202.45 buy point of a cup-without-handle base in heavy volume. Cowen upgraded the stock to market perform from underperform Wednesday. Market risk is too high for new stock purchases, however.

U.S. oil prices fell 2% early but trimmed losses. Oil closed slightly lower at $63.37 a barrel. Worries of an escalating U.S.-China trade war weighed on futures. But the government reported that the nation's supply of crude fell last week.

Social media company Facebook ( FB) came off session lows but was still down more than 1% in above-average volume. Shares remain depressed. Morgan Stanley cut its target price on Facebook to 200 from 230.

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The post Consumer Stocks Lead Bounce, But China Tariffs Hit Boeing, Other Big Firms appeared first on Investor's Business Daily.


62. Nasdaq Cuts Big Losses, Dow Up, Floor & Decor Surges; What To Do With Tesla NowСр., 04 апр.[−]

The growing trade spat between the U.S. and China slammed the major indexes early on Wednesday, but the Nasdaq composite bounced back into positive ground and lifted its peer indexes higher. The leading index turned an early loss of nearly 1.9% to a gain of 0.8% in afternoon trading. Tesla ( TSLA) led some automakers into positive ground.

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Tesla stock accelerated its rebound and throttled more than 5% higher to 283.24 in heavy volume. While at least three of the five FAANG stocks also reversed higher, consumer and construction-related shares led the upside. So did defensive sectors, including drugstore, meat, generic drugs, dairy and confectionery firms.

At 2:45 p.m. ET, the S&P 500 erased a 1.6% loss and reversed to a gain of 0.7%. For the third day in a row, the large-cap benchmark undercut the long-term 200-day moving average. The Dow Jones industrial average edged up 0.5%, as at least seven of its 30 components were up 1 point or more. They included UnitedHealth Group ( UNH), Home Depot ( HD) and Apple ( AAPL).

In IBD Leaderboard, software, e-commerce and apparel firms continue to do relatively better. Retail chain Lululemon ( LULU), which joined the Leaders list on Feb. 7, fell more than 1% to 87.52 in dull turnover. But the yogawear apparel leader remains more than 4% above a buy point near 84.

The stock has advanced more than 38% since it cleared a bottoming base pattern at 64.91 in November.

That bottoming base also served as a first-stage pattern. First- and second-stage bases tend to carry higher probabilities of success following a breakout from those bases.

Just two of the Dow industrials' 30 components, industrial heavyweights Boeing ( BA) and Caterpillar ( CAT), sank 1 point or more as investors fretted over China's expansion of retaliatory tariffs to cover more agricultural and manufactured goods.

Caterpillar, off 1% to 143.64, is still holding above the 200-day moving average but is now around 17% below an all-time high of 173.24. Watch to see if the construction and mining gear titan can bottom out and begin to form the right side of a potential new base.

A properly formed base sets up a market-leading stock in a position to possibly break out to new highs and stage a solid run. But today, IBD's current outlook for U.S. equities remains "Market in correction," so breakouts are understandably few in number.

Floor & Decor ( FND) is one of the rare big movers today, rising more than 5% to 55.06 in heavy volume.

The flooring products retailer, which imitates Home Depot's large warehouse-style model, is now extended more than 5% past a 51.58 buy point in an eight-week cup-style base. It's best to buy a stock no more than 5% past the proper buy point; buying too high in price can subject an investor to a quick loss if the stock makes a temporary pullback to or even mildly below the breakout entry.

Floor & Decor, now a mid-cap stock with a market value of $5.3 billion, went public in April 2017 at 21 a share. It has a float of 84 million shares and currently ranks No. 22 within the IBD 50. The company has grown earnings per share 9%, 75%, 47%, 31% and 58% vs. year-ago levels in the past five quarters. Sales jumped 25%, 31%, 29%, 27% and 40% over the same time frame.

The Future Of Tesla Fortunes

Going back to Tesla, the San Francisco-based firm still trades well below its 52-week peak of 389.61. Plus, the electric vehicle pioneer trades sharply below its 50- and 200-day moving averages. So the stock is nowhere close to a new IBD-style buy point.

However, those who bought at the initial April 2013 breakout near 40 still hold a fantastic long-term gain.

At this point, it makes sense to wait and watch for the possibility of heavy institutional buying to return. Trading near 280, Tesla is still an institutional favorite. The stock reached a total 1,000 mutual fund and hedge fund holders for the first time during the second quarter of 2016.

That sponsorship has grown a bit more to 1,027 funds as of the first quarter of this year. In Q3 of 2017, that number reached 1,095 funds owning a total 54.4 million shares. Earlier this week, Tesla reported confidence in its goal to reach a significantly higher production rate of its Model 3 sedan within the next three months and said it has no plans to raise more capital via debt or equity offerings this year.

The company said it built 2,020 Model 3 sedans in the final seven days of March and expects to see that run rate climb rapidly through the second quarter of this year.

Tesla is racing to meet the mountain of 500,000 preorders made for the affordable all-electric four-door vehicle. The base price of the Model 3 is $35,000, but many new buyers are likely to add options.

Elsewhere, homebuilding-related stocks advanced sharply following a blistering quarterly report from giant Lennar ( LEN). The stock rose more than 8% to 61.97 and leapt back above the 50-day moving average for the first time in more than eight weeks.

The Miami-based builder posted a sharp increase in earnings for the February-ended fiscal first quarter on a 28% jump in sales to $2.98 billion.

LGI Homes ( LGIH), a member of the IBD 50, ramped up more than 6% to 70.15 in below average trade. The stock continues to work on the right side of a cup-style pattern. The small cap rose 161% in 2017.

Analysts see Q1 earnings rising 37% to 71 cents a share. LGI, which focuses on entry-level homes, grew its profits by 39% to $4.73 a share in 2017.

(Please follow Saito-Chung on Twitter at @IBD_DChung for additional commentary on growth stocks, new breakouts, sell signals, and financial markets.)

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The post Nasdaq Cuts Big Losses, Dow Up, Floor & Decor Surges; What To Do With Tesla Now appeared first on Investor's Business Daily.


63. Stocks Sag On China Tariffs, But Coca-Cola RisesСр., 04 апр.[−]

U.S. stocks took a beating midday Wednesday but shaved some losses as the trade dispute between the Trump administration and China escalated. Blue chips holding up best included Coca-Cola ( KO) and Nike ( NKE).

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The blue chip Dow Jones industrial average cut its initial 2.1% sell-off down to 0.2%. The S&P 500 rebounded to nearly breakeven level. On a positive note, the Nasdaq managed to move into positive territory, turning from a 1.9% loss into a nearly 0.2% gain at around 12:20 p.m.

The small cap Russell 2000 also edged slightly higher, up less than 0.1%.

Volume in the stock market today rose on the NYSE but fell on the Nasdaq.

Price declines in rising turnover and gains in falling volume are troubling signs.

China's planned tariffs on U.S. goods total $50 billion, matching the U.S. plan to slap $50 billion in tariffs on China. Bulls are waiting for some sign that Trump and China are bluffing. The hope is that the two nations will settle their differences, but that has yet to be seen.

The S&P 500 fell under its 200-day line, but the Nasdaq remained slightly above its 200-day line.

Coca-Cola rose 1% in pedestrian volume. Coke is trading about 9% off its late January high. The stock is finding support at the 42 price level.

The Street expects Coca-Cola to report a 7% gain in earnings in Q1, which would be the best growth in 12 quarters.

Nike advanced 0.5% midsession Wednesday. The stock is 4% off its recent high. Nike is working on a shallow, stage-two pattern.

As a stock rises, it pauses to consolidate. Breakouts from the first two consolidations are more likely to work than those from later stages. Nike broke out a first-stage consolidation in November and advanced 22% in about four months.

Losers Lead Winners

Among IBD's 197 industry groups, losers led winners by a 14-3 ratio. The day's best performers included conservative plays such as food, alcohol and tobacco. Construction machinery, farm equipment and semiconductors fell.

Apple ( AAPL) and the FANG stocks — Facebook ( FB), Amazon.com ( AMZN), Netflix ( NFLX) and Alphabet ( GOOGL) — dropped midday Wednesday without exception. The elite five rose between 33% and 56% last year. So far this year, Facebook is down 14%; Alphabet is off 5%; and Apple is down 1%. Netflix and Amazon are up 45% and 18%, respectively.

Top-rated stocks have struggled lately. The Innovator IBD 50 ( FFTY) exchange-traded fund is 10% off its high and holding just above its 200-day line. The ETF, which reflects the IBD 50, rose 37% last year. So far this year, the ETF is down 2%.

Financial News

The ADP employment report for March came in at 241,000 jobs added, above the consensus view for 185,000. The payroll number also topped the highest estimate in the range (225,000). The February reading of 235,000 jobs added was revised to 246,000.

The Purchasing Managers Index for March was slightly below expectations. The services gauge rolled in at 54.0 vs. views for 54.1. The survey involves 400 U.S. companies.

The Institute for Supply Management reported its nonmanufacturing gauge for March at 58.8, below views for 59.

February factor orders missed the consensus view. Orders grew 1.2% vs. estimates for 1.7%.

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The post Stocks Sag On China Tariffs, But Coca-Cola Rises appeared first on Investor's Business Daily.


64. Stocks Try To Rally As Market Correction Deepens; Amazon, Netflix Off LowsСр., 04 апр.[−]

The stock market moved significantly lower in early morning trade Wednesday, as a trade war with China heated up. China said it will target $50 billion worth of American products with 25% tariffs.

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Top stocks, including FANG leaders Amazon.com ( AMZN) and Netflix ( NFLX) declined with heavy losses in the stock market today, but were trying to rebound.

The tech-heavy Nasdaq composite declined as much as 1.9% at the market open before paring losses to 0.9%. The index is testing its longer-term 200-day moving average line. Meanwhile, the S&P 500 and Dow Jones industrial held losses of 0.8% and 1.2%, respectively.

Among companies reporting earnings, homebuilder Lennar ( LEN) reporting strong earnings and sales results early Wednesday. The earnings beat sparked a more than 7% rise that sent the stock back up to its 50-day line. Lennar has been under pressure since late January and is in the midst of a 23% correction. Shares are trying to find support at their 200-day line.

New issue Spotify ( SPOT) fell 3% in its second day of trading. At its morning lows, the music streaming service fell nearly 20% off its post-IPO high before rebounding, underscoring the volatility of IPOs.

FANG stocks Amazon.com and Netflix declined more than 1% apiece amid the market's downturn. Both leading stocks have been struggling for support at their 10-week lines. Last week, Leaderboard stock Amazon closed below its 10-week line for first time since an Oct. 27 breakout above a 1,083.41 cup-shaped base entry, which was a good time to lock-in solid gains.

Meanwhile, the video streaming giant is approaching the lows of its current pullback — about 18% off its all-time high set March 12.

Retail leader Lululemon ( LULU) continues to show market-leading strength Wednesday. The yoga-gear maker fell just 0.2%, as it trades about 2% off its recent highs. As a result, the stock's relative strength line — the blue line painted on every MarketSmith and IBD daily and weekly chart — is at new highs. Shares have been strong since the company reported better-than-expected earnings results March 27.

Inside The IBD 50 Stocks

Among leading growth stocks, a number of top names held losses of about 3% or greater, including Chinese e-commerce giant Alibaba ( BABA) and graphics-chip maker Nvidia ( NVDA).

Alibaba fell below its 200-day line for the first time since a February 2017 breakout above a cup with handle's 104.67 buy point. Meanwhile, Nvidia dropped below its 218.77 cup-shaped base entry after falling through its 10-week line two weeks ago.

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The post Stocks Try To Rally As Market Correction Deepens; Amazon, Netflix Off Lows appeared first on Investor's Business Daily.


65. Stocks Slip Into Bearish Mood As China Tariffs Bite Boeing, TeslaСр., 04 апр.[−]

A bear market mood descended over early trade Wednesday, as U.S. stocks dived in response to China quickly punching back against trade tariffs announced by the Trump administration on Tuesday.

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The Dow Jones industrial average opened 1.9% lower, with Boeing ( BA) and Caterpillar ( CAT) leading the early declines. The Nasdaq Composite and S&P 500 dropped 1.4% apiece.

Tesla ( TSLA) led the early declines among Nasdaq 100 stocks. Boeing and Deere ( DE) saw some of the deepest losses in the S&P 500 lineup.

The Trump administration late Tuesday cataloged a list of 1,300 China-made products, totaling about $50 billion in annual sales, on which it said it would impose 25% tariffs. On Wednesday, China responded in kind. It proposed 25% tariffs on a precise list of goods also totaling $50 billion. Soybeans, aircraft and automobiles appeared to be China's primary targets against the U.S.

Those would come on top of duties of up to 25% on a list of 128 products, ranging from wine, nuts and dried fruits to rolled steel bars, imposed by China on Monday.

The Shanghai Composite showed little reaction, easing 0.2% Wednesday before closing for the remainder of the week to observe the Ching Ming Festival. But Hong Kong's Hang Seng tumbled 2.2%. The Hong Kong Exchange will close Thursday, and re-open Friday.

Europe's markets pared some losses in afternoon trade. Frankfurt's DAX was down 1.2%, the CAC-40 in Paris off 0.8% and London's FTSE 100 0.5% in the red.

Bear Market Mood Hits Boeing, Tesla, Apple; Lennar Rises

Boeing skidded 4.1% lower as investors tried to gauge how hard a hit the jet maker might take in the escalating trade war with China. The largest U.S. exporter could potentially lose ground to European rival Airbus ( EADSY) as a result of China's 25% levy. Boeing shares have been consolidating since early March, and are in their fourth week below their 10-week moving average.

Dow Jones component Caterpillar careened 3.3% lower. The heavy equipment maker is not the direct target of any tariffs, but is in a deepening battle vs. China's domestic equipment makers. The stock ended Tuesday 16% off its January high, and tracking toward a test of support at its 200-day moving average.

Deere sloughed off almost 5% in opening trade.Deere Chief Executive Sam Allen told Bloomberg in a March 20 interview that about a third of all agricultural products are exported, and that tariffs affecting U.S. soybean sales to China could have a material effect on Deere's business. Deere shares are pulled back in a test of support at their 200-day moving average, 17% below their mid-February high.

Apple ( AAPL) dropped 1.2% and the four FANG stock tech leaders dropped 0.8%. Netflix ( NFLX) fell furthest, down 2%.

Tesla tanked 3.9% at the start of trade, chalking up the heaviest early loss among Nasdaq 100 stocks. China included electric cars in its tariff targets. That puts Tesla at a particular disadvantage because, unlike General Motors ( GM) and Ford ( F), Tesla does not produce any vehicles in China and its entire inventory there is imported.

Tesla shares dropped 22% in March, and ended Tuesday 31% off their September high.

Homebuilder Lennar ( LEN) jumped 2.2% at the open. Fiscal first-quarter earnings outpaced estimates by a wide margin, but a 28% revenue gain was short of expectations. Lennar shares are sandwiched between their 10- and 40-week moving averages, looking to start up the right side of a three-month base pattern.

The early bear market mood came down hard on earnings misses. Software IPO Cloudera ( CLDR) tanked 38% on weak Q1 guidance. Acuity Brands ( AYI) swooned 9% after a wide earnings miss.

Dave & Buster's ( PLAY) dropped 5% after meeting lowered expectations, but providing weak guidance. CarMax ( KMX) opened 2% lower after a weak fourth-quarter report.

Employment Rises In March

U.S. nonfarm employers hired 241,000 workers in March, according to the National Employment Report from ADP. That was well above estimates for a decreases to 185,000. ADP also revised its February hiring number to 246,000, up from an initial 235,000 figure, which technically made the March number a decrease.

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The post Stocks Slip Into Bearish Mood As China Tariffs Bite Boeing, Tesla appeared first on Investor's Business Daily.


66. Stock Market Futures Plunge As China Announces Big TariffsСр., 04 апр.[−]

Stock market futures for the S&P 500 index, Dow Jones industrial average and Nasdaq 100 sold off sharply Wednesday after China announced plans for big tariffs on aircraft, soybeans, automobiles and chemicals in response to America's high-tech tariffs on high-tech Chinese imports.

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Stock Market Futures

Stock market futures indicated sharply losses vs. fair value. S&P 500 index futures fell 1.7%, Dow Jones futures slid 2.1% and Nasdaq 100 futures were off 1.9%.

Boeing ( BA) crashed 5% in premarket trading as China's penalties could weigh heavily on the aerospace giant. Boeing is a major drag on the Dow Jones and a significant part of the S&P 500. General Motors ( GM) retreated 3.5% and Archer Daniels Midland ( ADM) 3.3%.

The Trump administration detailed planned China tariffs late Tuesday on $50 billion worth of 1,300 mostly high-tech goods. China, which vowed to retaliate with equal force, quickly proposed imports on an equal amount of U.S. imports.

So Much For Tuesday's Rally

That suggests that Tuesday rallies for the Dow Jones, S&P 500, Nasdaq won't continue. That's also bad news for many individual stocks including Apple ( AAPL), Amazon ( AMZN), Tesla ( TSLA) and Nike ( NKE) and Spotify ( SPOT).

Apple rebounded from its 200-day moving average, but its 1% gain actually lagged the S&P 500 index's 1.3% advance. Amazon rallied 1.5%, but it's suffered heavy damage over the past several sessions as President Donald Trump takes aim at the online sales giant. Tesla popped 6% after claiming progress on Model 3 production, but the stock has crashed over the last several weeks. Nike had a strong day, bouncing 4% to reclaim its 50-day moving average as the iconic brand consolidates near highs.

Spotify opened its direct listing at 166.90, rallied to 169, but closed near session lows, though above its 132 reference price. But even if the music streaming site had a fantastic debut, investors should wait for a proper entry.

Most important, the stock market is in a correction. The S&P 500 index reclaimed its 200-day line Tuesday. All but 11 of IBD's 197 industry groups rallied after 195 groups lost ground Monday. But the market has had several one-day gains in recent weeks — Feb. 6, March 26 and March 29 — only to renew selling. Don't try to call the exact bottom. Investors should look for several strong gains, preferably in heavier volume, to confirm a rally attempt.

Apple

Apple rose 1% to 168.39 Tuesday. The iPhone maker's stock chart didn't really change. The stock has a floor at its 200-day line with resistance at its 50-day line.

Apple fell 2% before the open today's stock market trading.

Amazon

Amazon's upside reversal was a big reason for Tuesday's solid closing gains. But the stock remains below its 50-day/10-week line after plunging through that key support last week. Long-term Amazon investors may decide that they'll look past Trump's Twitter rants and focus on the e-commerce giant's accelerating revenue growth. Keep in mind that Amazon has been in several late-stage breakouts, raising the risk of a failure.

Amazon lost 2.1% early Wednesday.

Tesla

Tesla shot up 6% on Tuesday after its first-quarter Model 3 production figures missed company targets but not as badly as feared. Tesla claimed it was making progress and that it won't need to issue more equity or debt to finance operations this year. Still, Tesla just recouped Monday's 5% loss. It has a long way to go to make up March's 22% crash.

Longer-term, Tesla's shares have underperformed the S&P 500 index since last June.

Tesla fell 4% in Wednesday's premarket. China is a big market for Tesla's electric vehicles, which are all imported.

Nike

Nike closed above its 50-day moving average for the first time since March 21. The relative strength line is at an 18-month high. Apparel makers are a pocket of market strength. But Nike is not in buy range. In fact, it doesn't even have a potential entry point yet. In a market correction, some stocks will make headway, but the odds are not in your favor.

Nike retreated 1.9% early Wednesday.

Spotify

Spotify went with a direct listing vs. a traditional IPO. From a 132 reference price, Spotify closed at 149.01, near the bottom of a 148.26-169 range. Investors should steer clear of a new issue in the first few weeks. If it sets up in a traditional consolidation or a short IPO base and breaks out, that's a different story.

Spotify declined 1.5% in the premarket.

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The post Stock Market Futures Plunge As China Announces Big Tariffs appeared first on Investor's Business Daily.


67. Dow Jones Rallies As Bitcoin, Techs Rebound; What Is The Next Play For Boeing?Вт., 03 апр.[−]

Boeing ( BA) helped spearhead a decent rebound for stocks on Tuesday as the Dow Jones industrial average component rose 8.38, or 1.7%, to 330.82 and retraced all of Monday's 1.9% drop. At least nine of the Dow industrials' 30 components advanced 2 points or more.

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Boeing recouped all of Monday's losses. While the Dow industrial average component is now spending its fourth week trading beneath the 50-day moving average, such action is normal for a big market leader that's taking a break. Watch for a potential new base to form, which sets up a potential buy point. But breakouts tend to work much better when the market status exits a correction.

The Dow transports jumped more than 2%, suggesting that the greater economy is still fine. Last week, U.S. fourth-quarter GDP was revised to a 2.9% lift, up from the first revision of a 2.5% increase and better than the Econoday consensus forecast.

The Nasdaq composite rallied 1%, just below a 1.3% gain for the S&P 500. The Dow utility average lagged, up just 0.3%. Volume fell mildly on both exchanges but was likely above average, according to early data.

Top-rated companies in the leisure, automaker, e-commerce, software and chip equipment industry groups outperformed. Wood product, airline, oil drilling, oilfield services, home medical care, tobacco and paint stocks also rose sharply; these IBD industry groups all gained 2.5% or more.

Boeing ignited its fierce rally Oct. 26, 2016, by clearing a 139.55 buy point in a superlong saucer with handle. Given that the advance reached as much as 165%, the current correction looks perfectly normal.

A base that forms while preventing Boeing shares from penetrating their long-term 200-day moving average would add a bullish element to the overall picture.

Analysts polled by Thomson Reuters expect Q1 earnings to fly 27% higher to $2.56 a share.

While the 83 Composite Rating for Boeing on Stock Checkup is so-so, keep in mind that the stock is in a turnaround not unlike the one Apple ( AAPL) engineered in 2017. Plus, Boeing's RS Rating remains a stout 95.

This means Boeing has outperformed 95% of all publicly traded companies in IBD's database over the past 12 months.

In other markets, Bitcoin Investment Trust ( GBTC) hopped back above the 200-day moving average, rising 12% to 12.55. The Bitcoin-tracking fund is still down more than 43% year-to-date.

The yield on the benchmark U.S. Treasury 10-year bond edged up to 2.78%. According to CME Group, fed funds futures traders see only a 30% chance that the Federal Reserve will lift interest rates by a quarter-point four times this year. The majority expects the target rate to reflect three rate hikes, sending the fed funds rate to a range of 2% to 2.25%.

(Please follow Saito-Chung on Twitter at @IBD_DChung for more analysis and commentary on growth stocks, bases, chart patterns, and financial markets.)

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68. Stocks Erratic As They Try To Bounce; Spotify Starts TradingВт., 03 апр.[−]

The Nasdaq composite reversed lower Tuesday afternoon as the stock market tried to arrest a three-week slide, and Spotify ( SPOT) made its debut.

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The Nasdaq composite was up 0.4% after surrendering a gain of more than 1%. The S&P 500 was up 0.8% and was still trying to get itself back above the 50-day moving average. Indexes leaped suddenly starting around 2:45 p.m. ET.

The Dow Jones industrial average climbed 0.1.1%. The majority of its components were higher, but General Electric ( GE) had the worst performance on the Dow, off more than 1%, after an analyst wondered if credit rating agencies will downgrade the company's debt.

Small caps were participating, with the Russell 2000 jumping 0.6%. The Dow transports were another area of strength, as the average added 1.8%. Airline, logistics, ship and trucking industry groups were up 1.5% to 2.3%.

Spotify was quoted at 151 in afternoon trading. The music streaming service opened after a lengthy delay at 165.90 as it made its debut in today's market. Shares moved between 150.99 and 169 after Spotify went public in a rare direct listing rather than an initial public offering.

Automakers were the day's top-performing industry group after March sales figures were reported.

General Motors ( GM) and Fiat Chrysler ( FCAU) reported much better-than-expected U.S. new car sales growth in March. GM shares rose 2% while Fiat surged more than 8%. Both stocks are forming bases.

Fiat Chrysler holds a so-so Composite Rating of 83 on a scale of 1 to 99, as seen in IBD Stock Checkup, but the RS Rating is a strong 95.

Ford Motor ( F), which narrowly topped estimates, rose 2% and continues to recover from a correction.

Tesla ( TSLA) reported it made 34,494 vehicles in the first quarter — a 40% increase from the fourth quarter and its most productive three-month period ever. But output for its Model 3 fell short of goals. Tesla shares bounced more than 6% in big volume.

SS&C Technologies ( SSNC) fell below the 50-day moving average in heavy volume and is now below the 51.49 buy point of a breakout March 5. The investment management software firm announced today a public offering of up to $1.25 billion of its stock.

With shares trading around 49.85, watch to see if the stock tries to rebound back above the key medium-term support level. Also, an 8% drop from the 51.49 entry would trigger the golden rule of investing.

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The post Stocks Erratic As They Try To Bounce; Spotify Starts Trading appeared first on Investor's Business Daily.


69. Stock Market Trims Early Gains; FANG Stocks Volatile AgainВт., 03 апр.[−]

Solid gains for the stock market Tuesday faded to a whimper in afternoon trade in another volatile session.

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The Nasdaq composite edged 0.2% higher after rising 0.9% early; the S&P 500 added 0.3% and the Dow Jones industrial average outperformed, rising 0.6%. Volume on the Nasdaq was tracking slightly higher than Monday. NYSE volume fell a bit.

Nike ( NKE), Johnson & Johnson ( JNJ) and UnitedHealth Group ( UNH) outperformed in the Dow with gains of around 2%.

Inside the IBD 50, Interactive Brokers ( IBKR), Micron Technology ( MU), Stamps.com ( STMP) and Canada Goose ( GOOS) showed gains of 2% or more. Stamps.com is above the 50-day moving average as it works on a cup-with-handle base with a 215.86 buy point.

Among the FANG stocks, Netflix ( NFLX) was the best performer, up 0.4%, but it's still struggling for support at the 50-day moving average. Alphabet lost ground again after giving up support at the 20o-day moving average during Monday's sell-off. Shares were down 0.6%.

Spotify Rises Sharply In Debut

Shares of Spotify ( SPOT) opened at 165.90, well above a reference price of 132. The company opted to bypass underwriters with a direct listing as opposed to an initial public offering. Spotify is a big player in music streaming business, but it's a crowded industry with competition from the likes of Apple ( AAPL), Amazon.com ( AMZN), Alphabet ( GOOGL) and Pandora ( P).

Other gainers included Tesla ( TSLA). Shares picked up 4% as Wall Street mulled Q1 delivery data. Signs of institutional selling, basically higher-volume declines, started to appear months ago in the electric car maker after shares hit an intraday high of 389.61 in September.

In related news, General Motors ( GM) and Fiat Chrysler ( FCAU) reported strong sales data for March. Shares of GM rose 2.5%, while Fiat Chrysler jumped nearly 9%.

Leaderboard name Lululemon Athletica ( LULU) rebounded after Monday's reversal. Shares outperformed, rising more than 1%, on the heels of a strong earnings report last week.

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The post Stock Market Trims Early Gains; FANG Stocks Volatile Again appeared first on Investor's Business Daily.


70. Stocks Rise But Raise Question: What Could Save This Market?Вт., 03 апр.[−]

U.S. stock indexes plowed ahead midday Tuesday but gave back some gains as the Nasdaq, S&P 500 and Dow Jones industrial average tested their long-term support lines. Meanwhile, investors were left pondering what could end this market correction.

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The Nasdaq rose 0.2%, while the S&P 500 gained 0.3%. The Dow Jones rose 0.4% after popping more than 1% higher.

Volume in the stock market today was running higher on both major exchanges vs. the same time in the previous session.

Because the major stock indexes are well below their 50-day lines, the battle now is at the 200-day. The S&P 500 is less than 1% above the 200-day. The Dow Jones is about 2% above the long-term line. The Nasdaq is in the best shape, about 3% above the 200-day.

The market remains in correction. Any new rally would face a series of tests. For instance, the S&P 500 faces three hurdles. The large-cap index would have to turn the 200-day line into clear support, then climb above the 2600 price level and eventually regain the 50-day line.

Potential Turnaround

What could save this market? Four factors could help the indexes recover.

First, President Trump must send the right signals on trade. A trade war helps no one. But if Trump's bellicose stance on trade is a negotiating tactic, the spat could end favorably.

Second, Trump must quit demonizing successful businesses. Amazon ( AMZN) has paid a total of $1.8 billion in taxes over the past four years.

Third, earnings season is near. Companies in the S&P 500 are expected to increase profits about 17% in Q1. Upside surprises could change the market's mood.

Fourth, optimism must grow. The IBD/TIPP Economic Optimism Index declined for a second straight month. However, the gauge remained positive for the 19th month in a row.

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71. Stock Rally Back On, With Tesla, This Big Non-IPO In FocusВт., 03 апр.[−]

The stock market's early rally faltered but then regained momentum in late morning trade. Top stock Nvidia ( NVDA) rose in early trade, while music streaming service Spotify ( SPOT) will debut in the stock market today.

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The Nasdaq composite, after briefly turning negative, was back near session highs with a 0.8% gain. Meanwhile, the S&P 500 and Dow Jones industrial held gains of 0.8% and 0.9%, respectively. The S&P 500 has moved back above its 200-day line.

Among the Dow Jones industrials, UnitedHealth Group ( UNH) advanced 2.5%, but remains just under its 50-day line. Shares are trying to shape the right side of a potential base.

Verizon Communications ( VZ) edged up 0.1% after nearing its recent lows. Shares are under their 50- and 200-day lines.

Electric automaker Tesla ( TSLA) rose just 2% after being up as much 6.9% early Tuesday. The company reported its Q1 production data that saw the company produce more than 34,000 vehicles, including almost 10,000 Model 3 cars. Tesla also announced it will not require an equity or debt raise this year. The stock hit a new 52-week low Monday with a more than 5% decline.

Several FANG stocks were volatile. Video streaming giant Netflix ( NFLX) rose nearly 4% early, gave that all back before rebounding to up 2%. The stock is trying to regain its recently lost 50-day support level. Meanwhile, Leaderboard stock Amazon.com ( AMZN), which briefly went negative, rose 1.3%. The e-commerce name is still under its 50-day line after a number of a big down days.

Embattled social media firm Facebook ( FB) slid 0.4%, as it trades nearly 20% off its all-time high.

Music streaming service Spotify will go public today under the ticker symbol SPOT via a direct listing. Like many new issues, shares are expected to be volatile. The company plans to offer as many as 55.7 million ordinary shares.

Inside The IBD 50 Stocks

Among leading growth stocks, graphics-chip maker Nvidia advanced 3%, but remains stuck under its 50-day moving average line. Shares have been struggling to build upon a Jan. 8 breakout above a 218.77 cup-shaped base entry.

On the downside, Floor & Decor ( FND) rose 0.4% after briefly undercutting a 51.58 cup-base buy point.

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72. Stocks Jump As Chips Rebound, Tesla AcceleratesВт., 03 апр.[−]

Stocks bolted out of premarket trading and into early gains Tuesday, as chipmakers led an early tech-stock rebound.

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The Nasdaq Composite surged 0.8%. The S&P 500 jumped 0.6% and the Dow Jones industrial average climbed 0.7%.

Leaders, including Taiwan Semiconductor ( TSM), Nvidia ( NVDA) and Micron TGechnology ( Mu), chalked up early rebounds. Amazon.com ( AMZN) bounced more than 2%. Netflix ( NFLX) and Tesla ( TSLA) each rebounded more than 3%.

Overseas action was relatively tame, with Asia's stock markets feeling only modest pressure from Monday's selling in the U.S. The Shanghai Composite dropped 0.8%. Hong Kong's Hang Seng Index gained 0.3% as it reopened from its four-day holiday.

Markets in Europe opened under some pressure after their three-day break. Frankfurt's DAX pared its early loss to 0.6%. The CAC-40 in Paris was down 0.2%. London's FTSE 100 flattened in afternoon trade.

Economic news is fairly light for Tuesday. Automakers will be reporting March sales totals throughout the session. General Motors ( GM) will reportedly announce its final monthly sales figures, as the automaker plans to end its 30-year tradition of reporting monthly sales.

UnitedHealth Leads Dow, Chips Climb, Tesla Output Surges

On the Dow industrials, UnitedHealth Group ( UNH) powered ahead more than 3%

Tesla opened trading 3.7% higher. The maker of luxury electric automobiles announced its total production rose 40% in the first quarter, to 34,494 vehicles. A tweet late Tuesday from Elon Musk said the Tesla founder and chief executive was back to sleeping at the factory in order to oversee Model 3 production.

Tesla shares are down 35% from a September high, and well below critical levels of support.

Chipmakers were hammering out early bounces, after the Philadelphia Semiconductor Index dropped 3.9% on Monday. Taiwan Semiconductor and Micron jumped more than 2.8% apiece. Taiwan Semi is in a battle to retake its 10-week line within a two-month consolidation.

On the IBD 50 list, graphics chip developer Nvidia spiked 3.7% at the open. Shares dropped almost 5% in fast trade Monday. That put them further below their 50-day moving average. The stock is also retesting a 218.77 buy point from an early January breakout.

Viacom ( VIAB) sunk to the bottom of the Nasdaq 100, tumbling nearly 4% on reports that CBS ( CBS) was preparing a low-ball bid for the cable competitor. The all-stock bid in the long-discussed merger would value Viacom below its current market cap, reports said, and could come in the next few days. CBS shares gained 1.5%.

IPOs LongFin, Switch Battered

Two recent IPOs suffered steep premarket losses. Data center manager Switch ( SWCH) tanked 10% after reporting its fourth-quarter results late Monday.

Financial technology provider LongFin ( LFIN) toppled 29% lower. The company, which has emphasized blockchain-based technologies, reportedly announced a Securities and Exchange Commission investigation, as well as "weaknesses" in its financial reporting.

The stock ended Tuesday down 74% since the start of the year, with most of the losses following the March 26 announcement that the company would be dropped from the Russell 2000 index.

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73. S&P 500, Dow Jones Futures Rise; 195 Reasons To Be In CashВт., 03 апр.[−]

S&P 500 futures edged higher Tuesday morning after the S&P 500 index, Dow Jones industrial average and Nasdaq composite tumbled Monday. While Tesla ( TSLA), Amazon ( AMZN), Netflix ( NFLX), Intel ( INTC), Walmart ( WMT) and Facebook ( FB) were high-profile losers, there was no place to hide. Nearly all of IBD's 197 industry groups lost ground.

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In fact, just 3 groups posted gains Monday, but it was really just two. The Building-Residential/Commercial industry only rose because high-priced NVR ( NVR) jumped, distorting the price-weighted group's performance. Several top homebuilders fell 3%-5%. The Medical-Managed Care group eked out a 0.1% rise, but largely on reports that Walmart might buy Humana ( HUM). The only group that had a clear, notable gain was Mining-Gold/Silver/Gems, up 1.3%.

When 195 of 197 industry groups fall, with the major averages hitting new lows with the market already in correction, that's a pretty strong signal that investors should be in cash. Even top stocks in resilient sectors such as apparel, defense and energy suffered losses, some significant.

The bottom line is that in a stock market correction, most equities will lose ground. Sure, some stocks will fight the tide and rise, just as some stocks fall during market uptrends. But the odds are not in your favor. And whether it's The Hunger Games or the stock market, that's a bad scenario.

This is a time to build on your watch list, adding and subtracting stocks along the way. Don't assume that the old leaders, such as Amazon, Netflix and Intel, will continue to outperform the S&P 500 index in the next uptrend.

S&P 500 Futures

S&P 500 futures rose 0.2% above fair value. Nasdaq 100 futures were 0.35% higher. Dow Jones futures were up a fraction.

The auto industry will be in the headlights Tuesday. Ford ( F) and most automakers will release U.S. March sales figures. General Motors ( GM) announced Tuesday that it would no longer release monthly sales figures going forward.

Tesla also will release first-quarter production and delivery figures this week, perhaps as soon as Tuesday. The real question seems to be how much Model 3 production will miss Tesla's latest targets.

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74. Dow Jones Fights To Hold This Key Support Level; Will Bitcoin Keep Rebounding?Пн., 02 апр.[−]

U.S. stocks sold off Monday on the first trading day of the second quarter as China fired a new salvo in the emerging conflict on bilateral trade between the world's two largest economies. The Dow Jones industrials closed the day off 1.9%. The blue-chip index clipped its 200-day moving average for the first time since late June of 2016.

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Meanwhile, traders sought to bargain hunt in digital currencies and related securities as Bitcoin rallied 2.5% to $6,948, according to data from Coindesk.com. Bitcoin Investment Trust ( GBTC) stopped a six-day selling streak, rising more than 6% to 11.15. Volume was thin, though, and the popular closed-end fund still lies below its long-term 200-day moving average.

At 71% below a 52-week and all-time peak of 38.75, Bitcoin Investment Trust is still deep in a correction. The fourth-quarter climax run indicates that Bitcoin will need a lot of time before strong buying stabilizes prices and the balance of supply vs. demand tips to the latter.

The Dow saw at least half of its 30 components lose 2 points or more. At the session's low of 23,344, the 30-stock Dow Jones industrial average fell 12% below its all-time peak of 26,616. That's a big enough decline to call it an intermediate-level correction.

In a healthy stock market, the major indexes trade above both the 50- and 200-day moving averages.

The S&P 500 dropped 2.2% as all but two of IBD's 197 industry groups fell for the day. The Nasdaq composite, hurt by big sell-offs in all of the FAANG stocks, slumped more than 2.7%. At one point, the leading U.S. equities index fell to as low as 6805 but maintained a small air pocket above its 200-day line.

Retail internet, auto retailing, automaker, biotech, airline, movie and U.S. oil and gas exploration stocks sold off the hardest, each down more than 3%. WTI crude oil futures sank 2.8% to $63.13 a barrel.

NVR ( NVR), the luxury homebuilder, helped push the residential construction industry group to a small gain but most top-rated members in the group fell. NVR rose 4% to 2,922 but has been spending considerable time beneath the 50-day moving average.

Industry group mate LGI Homes ( LGIH) sank more than 5% to 66.59 in volume that was only slightly above average. The IBD 50 member has been crafting the right side of a new cuplike pattern. Watch to see if the small-cap stock can stay on the north side of its 50-day moving average.

The S&P SmallCap 600 fell more than 2.5% but has yet to challenge its 200-day moving average, which continues to rise.

LGI sports the best Composite Rating of 95 (on a scale of 1 to 99) within IBD's Building-Residential/Commercial industry group, as seen in IBD Stock Checkup. The Texas-based homebuilder, which saw a 62% rise in home closings to 1,844 in the fourth quarter, also saw a 5.6% increase in average home sales price vs. a year ago.

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75. Dow Plunges 620 Points As Stock Losses DeepenПн., 02 апр.[−]

The stock market wasn't able to apply the brakes on a sharp slide Monday and the Dow sank 2.5%, as the market's correction showed no sign of ending anytime soon.

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The Nasdaq composite plummeted 3%. The Nasdaq has been taking the brunt of selling lately as technology shares come under assault. No. 2 Nasdaq component Alphabet ( GOOGL) fell below the 50-day moving average, just one session after it had climbed back above it.

The Dow Jones industrial average fell 2.5%, or 620 points, as Cisco Systems ( CSCO) and 3M ( MMM) fell deeper below their 50-day moving averages and Walmart ( WMT) sank right back below its 200-day average.

The S&P 500 was down 2.7%, crossing below the 200-day moving average for the first time since Feb. 9, when the index only singed the line. Today's drop is deeper.

Small caps fared only modestly better, with the Russell 2000 off 1.9%. The index has wiped away all gains from its low made a month ago. It is more than 6% below its prior high.

The three major indexes have fallen more than 10% from prior highs. Losses of that magnitude are what traditionally define a correction on Wall Street. IBD had already changed its market outloook to "correction" on Tuesday and had signaled weakness (market under pressure) on March 20.

Volume was tracking higher on the NYSE but lower on the Nasdaq compared with the same time Thursday. Losers led winners by a 15-to-4 ratio on the NYSE and by 7-3 on the Nasdaq.

Energy stocks were among the poorest after the price of crude oil fell $1.62 to $63.32 a barrel. Biotech, auto, semiconductor and some retail industry groups were at the bottom of the day's performance table. But those groups certainly had a lot of company, with 18 of 197 groups down more than 3% and nearly all groups lower except for three: homebuilders, gold miners and managed care companies.

The homebuilding group's gain was misleading because it was entirely thanks to NVR ( NVR). The Reston, Va.-based builder rose 3% to 2,891.58, causing the price-weighted industry group to show a gain, but nearly every other homebuilder was down in price.

Gold prices rose more than 1%, which explained the miners' advance. In managed care, UnitedHealth ( UNH) was up nearly 2% and Humana ( HUM) up 4.5% after The Wall Street Journal said last week that Walmart ( WMT) was considering a bid for the health-care company.

Biotech company Alkermes ( ALKS) plummeted 22.5% to the lowest level since October 2016. The Food and Drug Administration refused to review Alkermes' new depression drug, sending the proposal back for more clinical studies.

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76. Stock Market Plunges To Fresh Short-Term Lows As Trump Bashes Amazon On TaxesПн., 02 апр.[−]

U.S. stock indexes stepped up the selling midday Monday as few groups escaped damage. In the Dow Jones industrial average, only McDonald's ( MCD) and UnitedHealth Group ( UNH) rose significantly.

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McDonald's gained 1%, while UnitedHealth added 3%. Most blue chips fell. Walmart ( WMT), Cisco Systems ( CSCO) and Intel ( INTC) each lost 3%.

Among IBD's 197 industry groups, losers led winners by a more than 7-1 ratio.

The Nasdaq careened 2.7% lower, while the S&P 500 sank 2.2%. The Dow Jones industrial average cut back 1.8%.

Volume in the stock market today fell on both major exchanges vs. the same time on Thursday. The market was closed on Good Friday.

Bulls found much to dislike on the technical side. The Nasdaq cut below its previous recent low. Holding above the technical lows is important. A market that keeps making fresh lows dampens the prospects for a new rally. The S&P 500 also violated its previous recent low.

Tariffs Shock Stock Market

The stock market continues to struggle with the tariff issue.

China announced late Sunday that tariffs on 128 U.S. products would take effect Monday, according to Bloomberg News. Items among the 128 include fruits, ginseng, nuts, wine, pork and some steel products. The value matches that of the U.S. tariffs on steel and aluminum.

Beijing has more ammunition if the trade dispute intensified. China has not yet included a large range of major U.S. agriculture products, such as soybeans.

A week ago, China called for talks with the U.S., but the Trump administration did not respond.

Trump Bashes Amazon

Another concern for the stock market is President Trump's attacks on Amazon.com ( AMZN). Trump recently tweeted that Amazon does not pay enough in taxes, is a burden to the U.S. Postal Service and is putting "thousands of retailers out of business!"

If that sounds like a Latin American populist, therein lies the problem.

For populists, attitude means more than facts. As the New York Times noted, Securities and Exchange Commission documents say Amazon paid $412 million in income taxes in 2016 and $957 million in 2017.

Amazon also collects and pays sales tax in every state that has a sales tax, the Times reported.

Financial News

Two manufacturing indexes reported March data. The Institute for Supply Management's manufacturing index rolled in at 59.3, missing the consensus view for 60. Meanwhile, the reading for the Purchasing Managers Index for manufacturing missed views, 55.6 vs. views for 55.7.

Construction spending for February also fell short of estimates. The reading rose 0.1% vs. the consensus estimate of 0.5%.

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77. Tech Stocks Hammered; FANG Leaders Amazon, Netflix StumbleПн., 02 апр.[−]

The stock market looked to start off the week on a down note amid moderate declines. Longtime FANG stock leaders Amazon ( AMZN) and Netflix ( NFLX) faltered with heavy losses in the stock market today.

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The Nasdaq lagged with a more than 1% decline to give back a good portion of Thursday's rally. The tech-heavy composite remains under its 50-day line amid a new rally attempt. Meanwhile, the S&P 500 declined 0.8%. The Dow Jones industrial average fell just 0.4% despite the weakness in the technology-driven index.

Among the Dow industrials, Walmart ( WMT) was the day's loser with a 2% decline amid the company's push to acquire Humana ( HUM). Shares of the discount retailer are trading under their 40-week moving average line after an over-20% fall from its highs.

FANG stock Amazon.com was again the subject of President Trump's tweeting. Over the weekend, the president took more shots at the e-commerce giant. Despite Thursday's upside reversal, the stock closed below its 10-week line for the first time since an Oct. 27 breakout above a 1,083.41 buy point. Shares fell more than 3% early Monday and are approaching their recent lows.

Netflix fell about 3% to move back down to its 50-day line, where it found much needed support Thursday. The video streamer is still well-extended from a 204.48 flat-base entry amid a 17% pullback from its March 12 high.

Electric automaker Tesla ( TSLA) dropped almost 7% early Monday after the company recalled 123,000 Model S sedans. Shares are on a five-week losing streak that brought them more than 30% off their all-time high and below their 10-week and 40-week moving average lines. The company is also expected to report its Q1 vehicle deliveries this week.

Inside The IBD 50 Stocks

Among leading growth stocks, Floor & Decor ( FND) continued to advance with a more than 1% gain. Shares are extended from a 48.77 cup-with-handle entry that can be viewed on any MarketSmith and IBD daily chart.

On the downside, a number of components held losses in excess of 1%, including Micron Technology ( MU). The memory-chip maker fell almost 3% and is nearing its 50-day moving average line. Shares are still holding well-above a 47.08 double-bottom entry despite the volatile action.

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78. Tesla, FANGs Weigh On Nasdaq; Alkermes Slammed On FDA NewsПн., 02 апр.[−]

Shares of Tesla ( TSLA) stock hurt the Nasdaq in the stock market today, but early Monday selling was subdued in the Dow Jones industrial average and S&P 500.

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The Nasdaq slumped 1% in early trade, the S&P 500 gave back 0.5% and the Dow Jones eased 0.2%.

Biotech Alkermes ( ALKS) plunged 20% after the Food and Drug administration rejected the company's application for a depression drug.

Walmart ( WMT) underperformed in the Dow. Shares fell 2% on news the retail giant is in talks with health insurer Humana about deepening its existing partnership or possibly a takeover, according to multiple reports. Shares of Humana ( HUM) jumped 7%

Meanwhile, China tariffs on about $3 billion of U.S. imports went into effect Monday.

Tesla Stock Hit Again

Tesla stock slumped nearly 7% in early trading, hurt by news late Thursday the company is recalling more than 100,000 Model S sedans for a power steering problem. Separately, Tesla confirmed Friday that Autopilot was engaged during a recent Model X crash in California that killed the driver.

Tesla is expected to report Q1 production and delivery figures for the Model 3, Model S and Model X sometime this week. Last week, Moody's downgraded Tesla over its heavy cash burn and Model 3 production woes.

Trump Goes After Amazon Again

Meanwhile, President Trump's Twitter attack on Amazon.com ( AMZN) continued Saturday when he tweeted the U.S. Post Office loses on average $1.50 for each package it delivers for the online retailer. Shares of Amazon fell 4% in early trading.

Amazon fell with other FANG stocks early Monday. Shares of Facebook ( FB) lost nearly 2%, Netflix ( NFLX) slumped 3% and Alphabet ( GOOGL) gave back 1%.

It's a busy week of economic data with the ISM manufacturing index due today at 10 a.m. ET. Factory orders and the ADP employment report will be out Wednesday, and the March jobs report will be released Friday. Economists expect nonfarm payrolls to increase by 167,000, down from 313,000 in February, with the unemployment rate ticking lower to 4%.

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The post Tesla, FANGs Weigh On Nasdaq; Alkermes Slammed On FDA News appeared first on Investor's Business Daily.


79. Futures Signal Tech Losses With These Four Stocks In FocusПн., 02 апр.[−]

Stock futures were lower Monday morning for the Dow Jones, S&P 500 index and Nasdaq 100, heading into the start of the second quarter. Walmart ( WMT) reportedly is in talks with Humana ( HUM), President Trump continued to hammer Amazon ( AMZN) and make new threats to scrap the Nafta trade agreement. Tesla ( TSLA) faced more negative headlines ahead of Model 3 production figures.

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Meanwhile, China began implementing tariffs on 128 U.S. products. They are officially in retaliation for U.S. steel tariffs, but coming as Trump has announced plans for penalties on $60 billion in Chinese goods.

The stock market entered a correction last week as the S&P 500 index and Dow Jones tested their 200-day moving averages and many leading tech stocks suffered serious damage. But the major averages rebounded. The S&P 500 and Dow Jones surged more than 2% for the week while the Nasdaq composite gained 1%.

For the first quarter, the S&P 500 and Dow Jones fell while the Nasdaq advanced.

Stock Futures Mixed

Stock futures pointed to a 0.3% decline vs. fair value for the S&P 500 index. Dow Jones futures were off 0.15%. Nasdaq 100 futures fell 0.8% in the stock market today.

Keep in mind that extended trading often doesn't carry over to the regular session. Stock futures did not predict last Tuesday's sell-off. Stock futures did point to a solid open on Thursday, but didn't see the magnitude of the regular session's gains.

Walmart-Humana Talks

Walmart is talks with health insurer Humana, according to multiple reports. That could mean deepening an existing partnership or possibly a takeover.

That would follow several other big health care deals, including the pending CVS Health-Aetna takeover and the Cigna purchase of Express Scripts. Those deals reflect in part concerns over Amazon's moves into health care.

Walmart-Humana would have some of the same logic as the CVS Health-Aetna deal. Walmart has thousands of pharmacies in its stores. A deal with Humana could direct more people to its pharmacies, boosting sales and perhaps curbing costs. Humana also has a sizable pharmacy benefit manager operation, much as pharmacy giant CVS is also a huge PBM.

Walmart stock fell 1% in late Thursday trading while Humana jumped 10%. Humana leapt 8% in Monday's premarket while Walmart was not yet active. How they react in regular trading may depend on whether the companies confirm or deny talks, and whether investors see a takeover as likely.

Trump Keeps Attacking Amazon

Amazon tumbled through its 50-day line Wednesday on a report that Trump wants to "go after" the e-commerce giant. The White House denied any anti-Amazon move was on the way. But on Thursday, Trump on Twitter accused Amazon of paying little in taxes and paying too-low rates to the U.S. Postal Service. Amazon initially fell further, but closed higher as the stock market rallied strongly. But Amazon held below its 50-day/10-week line.

On Saturday, Trump continued his anti-Amazon claims on Twitter. He also hammered The Washington Post, owned by Amazon CEO Jeff Bezos.

Amazon stock was down 1% early Monday.

Tesla Woes Grow

Tesla confirmed Friday that Autopilot was engaged during a recent Model X crash that killed the human driver. The U.S. National Transportation Safety Board last week said it was probing the accident. On Sunday, the NTSB said it was "unhappy" that Tesla disclosed details about the crash. Late Thursday, Tesla recalled 123,000 Model S vehicles for a possible flaw in its power steering.

Also last week, Moody's downgraded Tesla over its heavy cash burn and Model 3 production woes.

Model 3 Production

Tesla should release first-quarter production and delivery figures for the Model 3, Model S and Model X this week. The focus will be on Model 3 output, which has repeatedly missed company targets, which have cut and pushed back several times.

The automaker, once again, raced to boost vehicle output and deliveries at the end of the quarter. Tesla encouraged Model S and Model X production workers to volunteer to help on the Model 3. But that highlights how Tesla hasn't worked out how to ramp up production in a steady, sustainable way.

Tesla Lagging Rivals, Stock Market

The Autopilot and Model 3 woes are more glaring now because Tesla no longer has such a huge technological edge. Major automakers are rapidly introducing electric vehicles. General Motors ( GM) and Alphabet ( GOOGL)-unit Waymo are among those planning to roll out robotaxi services.

As for Tesla? Sister company SpaceX put an old Tesla Roadster into space.

Tesla stock, despite a Thursday rebound, tumbled 12% for the week and 22% in March. Shares fell 3% early Monday.

The stock is at 52-week lows, but really has not made much progress since 2014. The relative strength line, which tracks a stock's performance vs. the S&P 500 index, has been lagging since last June. The RS line is at its lowest levels since the start of 2017.

Even if Tesla beats low-ball Model 3 production estimates and the stock gets a nice pop, that won't change the stock's overall laggard trend.

Tesla CEO Elon Musk cracked April Fools' Day jokes, tweeting that Tesla was bankrupt.

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The post Futures Signal Tech Losses With These Four Stocks In Focus appeared first on Investor's Business Daily.


80. Stocks End First Quarter On High Note As FANG Names ReboundЧт., 29 марта[−]

Stocks ended firmly higher Thursday, helped in part by a rebound in FANG stocks on the final trading day of the first quarter.

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At the close, the Nasdaq composite rose 1.6%, the S&P 500 added 1.4% and the Dow Jones industrial average rose 1.2%. Preliminary data showed volume on the NYSE and Nasdaq coming in lower than Thursday, not surprising ahead of the long holiday weekend.

Top gainers in the Dow included Intel ( INTC), Exxon-Mobil ( XOM) and Boeing ( BA). Inside the Nasdaq 100, Nvidia ( NVDA), Lam Research ( LRCX) and Intuitive Surgical ( ISRG) outperformed with gains of around 4% to 5%.

FANG Stocks On The Move

In the stock market today, Facebook ( FB) bounced back 4%, but the strength did little to repair damage done to the stock in recent days. Still, Wall Street liked news the company plans to scale back its ad-targeting offerings.

Amazon.com ( AMZN), meanwhile, pared losses after plunging 4.6% intraday. Shares fell sharply in the early going after President Trump tweeted that the online retailer does not pay enough in taxes. But Amazon showed resilience, ending near its session high, up 1%.

Netflix ( NFLX) reversed higher to just above the 50-day moving average. Shares rose more than 3%.

In IPO news, Baidu ( BIDU) spinoff iQiyi ( IQ) priced last night at 18, right at the midpoint of the proposed range of 17-19. Shares opened at 18.20 but closed at 15.55.

Leaderboard name Lululemon Athletica ( LULU) followed through after Wednesday's bullish gain on earnings. Shares jumped 9% Wednesday and rose another 3.7% Thursday.

Inside the IBD 50, well over half the names in the index rose 2% more. Top gainers included Arista Networks ( ANET), Casa Systems ( CASA) and MKS Instruments ( MKSI), among others.

A reminder: The stock market will be closed Friday in observance of Good Friday.

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The post Stocks End First Quarter On High Note As FANG Names Rebound appeared first on Investor's Business Daily.


81. Dow Jones Rallies, Apple Still Strong; Can These 4 Growth Stocks Win Big In Q2?Чт., 29 марта[−]

The stock market accelerated its rebound, and the Dow Jones industrial average kept pace with a rebound by the Nasdaq composite. The blue chip Dow looked poised to rise more than 2.5% for the week ahead of a three-day Easter holiday weekend. Boeing ( BA), Apple ( AAPL) and UnitedHealth Group ( UNH) commanded the upside as at least six of the Dow Jones components gained 2 points or more.

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At 3:45 p.m. ET, the 30-stock blue chip Dow rallied more than 1.6%, just a bit shy of a 1.9% lift by the Nasdaq. The large-cap S&P 500 rallied 1.7%. All three indexes are likely to finish the week higher after two straight weekly declines.

Volume is running sharply lower vs. the same time on Wednesday. The stock market will be closed Friday in observance of Good Friday.

At 24,157, the Dow Jones industrials are still down 2.3% since Jan. 1 following a 25.1% advance in 2017.

Innovator IBD 50 ( FFTY) bolted 3% higher, keeping abreast of its key 200-day moving average. The exchange-traded fund gained more than 37% in 2017.

In IBD Leaderboard, where select stocks show annotated daily and weekly charts to highlight buy points and sell signals, six of the seven current members advanced 1% to 6%.

Apple Still A Shiny Tech

Apple is one of four growth stocks to watch in Q2 and the rest of the year. Two reasons why? They are showing decent relative strength and have market-leading estimates for earnings and sales growth.

The iPhone and iPad marketer has become a powerhouse in digital services, as reported frequently by IBD. CEO Tim Cook continues to express confidence that Apple will reach its $20 billion goal in services revenue alone by 2020.

The Street sees Apple's earnings rising 24% to $11.44 in the current fiscal year ending in September. Indeed, few mega-cap companies, let alone those in the technology sector, show such a robust bottom-line estimate.

Analysts also see total revenue ramping up 14% to $261.9 billion, following an 8% shortfall in FY 2016 and a 6% boost in FY 2017.

Apple finished last year with a 43% gain following a breakout on Jan. 6, 2017 from a first-stage cup with handle at 118.12. First-stage bases generally have a higher success rate than a third, fourth or fifth-stage pattern.

Today, Apple shares are trying to climb back above the 50-day moving average. Watch for a new potential base to form.

Will This Blue Chip Fly Again?

Boeing may also end up as another market outperformer in 2018, despite having already issued a defensive sell signal two weeks ago. The reason? The current correction has not been too deep.

On Friday, the 737 and 787 airline jet maker rebounded 1.8% to halt a two-day selling skid and is just 12% below its all-time peak of 371.60.

Second-quarter earnings are looking fierce, up 27% to $2.56 a share, as global demand for passenger jets continues to rise. China, India and Latin America remain high-growth markets.

Sales are seen picking up 4% to $97 billion in 2018, following two years of decline, then accelerate 6% to $102.7 billion in 2019.

Elsewhere, Five Below ( FIVE) and Ferrari ( RACE) deserve spaces on an investor's watch list. Both are relatively new public companies and are expected to deliver fine growth.

The former, part of IBD Sector Leaders, is trying to rise further past a 61.59 buy point in a solid cup with handle. The discount variety chain's 11-week base shows a mild correction of just 18%, symmetry between the left and right side, and a volume dry-up within the handle.

The 5% buy zone extends up to 75.27.

Ferrari is building a potential base on base. The Italian luxury race car builder is up nearly 0.5% to 120.14 and up more than 14% year to date.

On IBD Stock Checkup, Ferrari currently gets an 89 Composite Rating on a scale of 1 to 99. That's slightly below the 90 threshold you'd like to see. However, Ferrari ranks first within the automakers industry group, which has been dragged lower within IBD's daily rankings of 197 industry groups and subgroups for six-month relative performance.

The reason? Tesla ( TSLA), which soured this past week despite gaining more than 3% to 265.89 in fast turnover. At one point, the EV pioneer hit as low as 248.21, falling 36% below its 52-week peak of 389.61 set in September last year.

Wall Street sees Tesla losing $3.20 a share in the first quarter. The San Francisco-based company lost $1.33 a share, $1.33, $2.92 and $3.04 in the prior four periods.

Nevertheless, those who bought Tesla during its April 2013 breakout near 40 still hold a handsome profit cushion.

(Please follow Saito-Chung on Twitter at @IBD_DChung for additional commentary on top stocks, growth companies, breakouts, sell signals, and financial markets.)

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The post Dow Jones Rallies, Apple Still Strong; Can These 4 Growth Stocks Win Big In Q2? appeared first on Investor's Business Daily.


82. Stocks Rise In Falling Volume As Two Blue Chips In Steel, Consumer Goods StirЧт., 29 марта[−]

U.S. stock indexes logged solid gains Thursday as the market headed toward a three-day Easter holiday weekend. The day's leaders included blue chips Procter & Gamble ( PG) and United States Steel ( X).

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The Dow Jones industrial average and the S&P 500 rose around 1%. The Nasdaq added just under 1%, while the small-cap Russell 2000 rose 0.9%.

Volume in the stock market today fell on both major exchanges. Some fund managers may be getting an early start on the three-day weekend. The stock market will be closed on Good Friday.

Procter & Gamble headed for its fourth gain in a row, up 1.4% Thursday. The stock marked a 52-week low March 23. Since then, gains have come in above-average volume each day. P&G is now about 5% above the low.

The Street expects P&G to declare a dividend increase in April. The increase would be the 62nd year in a row that P&G has raised its payout. P&G is attempting a turnaround. Earnings in fiscal Q2 ended in December rose 10%, above the five-year growth rate of 0%. Revenue grew 3%, above the five-year rate of -6%.

A Steel Blue Chip

United States Steel popped 5% midsession Thursday. Volume spurted 55% faster than usual. Shares of U.S. Steel dropped 18% in March. At this point, a new base is the only hope for steel bulls.

The chart for U.S. Steel does not look encouraging. The stock is 25% off its high and needs to build the right side of its consolidation.

Innovator Fund

Leading stocks are in somewhat better shape.

For instance, the Innovator IBD 50 Fund ( FFTY) is only 8% off its high and began constructing the right side of a consolidation in mid-February. The pattern undercut the low of its previous base, thereby resetting the base count to first stage.

The fund's potential buy point is 35.30. A new market uptrend is needed, though, before buying any stock.

Top-rated stocks moving up in fast trade Thursday included Grubhub ( GRUB), up 1.7%; Nvidia ( NVDA), 2.9%; Weibo ( WB), 3.7%; and Adobe Systems ( ADBE), 1%.

Economic Data

In financial news, first-time jobless claims rolled in at 215,000 vs. the consensus estimate of 228,000.

Personal income and consumer spending for February matched views at 0.4% and 0.2% respectively.

The Chicago Purchasing Managers Index missed badly at 57.4 for March vs. the 62.8 reading expected.

The University of Michigan's consumer sentiment gauge also missed. The needle hit 101.4 in March vs. views for 102.

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83. Dow Leads Rally, But Amazon.com Is Set To Trigger Sell SignalЧт., 29 марта[−]

The stock market advanced early Thursday, as it looked to end the holiday-shortened week with modest gains. Despite the market rally, long-time FANG stock leader Amazon ( AMZN) was set to trigger a sell signal in the stock market today.

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The Nasdaq rose 0.3%, while the S&P 500 and Dow Jones industrial average gained about 0.5% apiece. All three major indexes looked to snap two-day losing streaks.

Early Thursday, FANG stock Amazon.com was once again the target of President Trump's tweeting. The president said the e-commerce giant pays "little or no taxes to state & local governments" and is putting thousands of retailers out of business. The stock was down over 2% in early trade. Shares are due to close under their 10-week line for the first time since an Oct. 27 breakout above a 1,083.41 buy point. Volume is tracking over 60% above average, which would be a sell signal. The 10-week line is displayed in red on every MarketSmith and IBD weekly chart.

Facebook ( FB) triggered that same signal in the week of Feb. 9 when it slid 7.5% in 68% above-average trade amid the stock market's volatility. Shares of the social media giant are now about 20% off their 52-week high after two weeks of heavy losses.

New issue iQiyi ( IQ) — considered the Netflix of China — is due to begin trading today. Late Wednesday, the company priced its IPO at $18. The Chinese company is one of several hyped-up stocks to go public recently. Dropbox ( DBX) went public last week, while Leaderboard name PagSeguro Digital ( PAGS) IPO'd in late January. The Brazilian payment processor is about 26% above an IPO base's 30.02 entry.

Top retailer Lululemon ( LULU) hit a new high Thursday with a more than 2% advance. The company reported strong earnings and sales results late Tuesday. Lululemon's relative strength line has surged into new high territory amid the stock's strong market outperformance.

Inside The IBD 50 Stocks

Among leading growth stocks, a number of names held gains of 1% or higher in early stock market trade, including retail play Five Below ( FIVE). The stock is attempting to reclaim a 71.69 cup-with-handle entry, as it advances about 2%. The stock's RS line is hitting new highs, confirming the strength of the stock's move.

On the downside, Netflix ( NFLX) declined over 2%, as the streaming video giant was set to close below its 50-day line for the first time since a flat-base breakout above a 204.48 entry in early January.

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The post Dow Leads Rally, But Amazon.com Is Set To Trigger Sell Signal appeared first on Investor's Business Daily.


84. Stocks Rally: Boeing Boosts Dow, Trump Bites This FANG StockЧт., 29 марта[−]

Stocks leapt out of premarket trading and into early gains Thursday, as the market moved into the final session of the first quarter in a holiday-shortened trading week.

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The S&P 500, Dow Jones industrial average and Nasdaq Composite all hustled up 0.7% at the starting bell. Boeing ( BA) and Amazon.com ( AMZN) will be under investors' microscopes Thursday, as Boeing deals with a malware attack and Amazon investors grapple with a barbed early tweet from the White House.

Tech stocks were bucking for a rebound on the stock market today. Apple ( AAPL) swung up 1% , while Facebook ( FB) jumped 1.4%, the strongest early move among FANG stock tech leaders.

All three of the major indexes have lost ground in five of the past six sessions. Despite the selling, the Dow Jones industrials and the S&P 500 have continued to find support at their 200-day moving averages. The Nasdaq ended Wednesday 3% above its 200-day, and 5% below its 50-day line.

Thursday's heavy early serving of economic news opened with a dive in weekly first-time unemployment claims, down more than 5% to 215,000 in the week ended March 24, according to the Labor Department. Consensus views estimated an uptick to 228,000 claims.

Personal income growth was steady, up 0.4%, in February, the Commerce Department reported. Consumer spending rose 0.2%, equal to January's gain. Core price growth slowed to 0.2%, down from 0.4%. All the February numbers met consensus expectations.

The Chicago purchasing managers index is slated for a 9:45 a.m. ET release, followed by the University of Michigan's March Consumer Sentiment Index at 10 a.m. ET. At 1 p.m. ET, BakerHughes ( BHGE) reports its weekly rig count survey, and Philadelphia Federal Reserve Bank President Patrick Harker speaks to the New York Association of Business Economics.

Premarket Trading: Boeing Wrestles Malware, Amazon Wrestles Trump

On the Dow, blue chips moved almost unanimously higher. Boeing stock jumped 1.2%, after the aircraft builder said a malware attack reported late Wednesday would affect neither production nor deliveries. A New York Times report on Wednesday cited an internal memo that said "the attack was 'metastasizing,'" and could potentially "spread to Boeing's production systems and airline software." Boeing shares ended Wednesday down about 14% from a Feb. 28 high, trading just below their 10-week moving average.

On IBD's lists of leading growth stocks, Amazon.com had scored strong early gains in premarket trading. But shares reversed and fell 2% at the open. An early tweet from President Trump said of the e-commerce giant: "Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!" An online story published Wednesday said the President "wants to go after Amazon."

Amazon, an IBD Leaderboard name, had pared early losses Wednesday to end the session down 4.4% in very heavy trade. The result left it 2% below its 50-day moving average, and about 13% below its high from March 13.

Other IBD Growth Stock Leaders In Motion

Viper Energy Partners ( VNOM) surged 2.6%, to the head of the IBD 50 list. The Texas-based oil producer is building the right side of a possible three-month base pattern.

Another IBD 50 name, China-based Weibo ( WB) climbed 2.4%. The micro-blogging and streaming video site cleared a late-stage cup base in January. It is off its mid-February high, and would need to correct an additional 16% in order to undercut that prior base and reset its base count.

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The post Stocks Rally: Boeing Boosts Dow, Trump Bites This FANG Stock appeared first on Investor's Business Daily.


85. Stock Market Futures: S&P 500, Dow Jones, Nasdaq Signal Gains; 21 Leaders Break SupportЧт., 29 марта[−]

Stock market futures for the S&P 500 index, Dow Jones industrial average and Nasdaq 100 rose solidly Thursday morning.

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In Wednesday's volatile stock market session, the Nasdaq composite led another down day, while the S&P 500 index continued to test its 200-day line. Amazon.com ( AMZN), a 2018 standout, tumbled through its 50-day moving average on fears that President Trump would target the e-commerce giant. But it was far from alone.

Stock Market Futures

As for stock market futures: The S&P 500 was indicated 0.45% above fair value, the Dow Jones 0.45% and the Nasdaq 100 0.7%.

Keep in mind that premarket action doesn't always translate into how stocks will trade in the next regular session. Stock market futures were positive Tuesday and at least mixed on Wednesday before the open.

Stock Market Leaders Falter

Twenty-one stocks with Composite Ratings of 95 or above that trade at least $8 million in shares fell below their 50-days on Wednesday. That includes chip plays ASML Holding ( ASML), Lam Research ( LRCX) and NXP Semiconductor ( NXPI). All-star winners often have Composite Ratings of at least 95 near the start of their runs.

These 21 stocks reflect the ongoing shift from top-rated, mostly tech names as a new stock market correction has taken hold. Splunk ( SPLK), Workday ( WDAY) and 58.com ( WUBA) are among the top stocks dropping below their 50-day.

That action also reflects why the S&P 500 and especially the Nasdaq were under more pressure Wednesday, while the more "old economy" Dow Jones just edged lower.

The list in some ways downplays the damage that growth stocks have suffered. These 21 stocks don't include Amazon, which has a Composite Rating of 87. They don't include Square ( SQ). Square round-tripped an early March breakout on Wednesday, but closed just above its 50-day. And they don't include Nvidia ( NVDA). Nvidia was a catalyst to Tuesday's stock market sell-off that triggered the correction call. Nvidia crashed through its 50-day on Tuesday, tumbling nearly 8%. The chipmaker slid 1.85% on Wednesday.

Chips Are Big Stock Market Losers

Let's take a look at ASML Holding, Lam Research and NXP Semiconductor. In addition to these names, Microchip Technology ( MCHP), MKS Instruments ( MKSI) and Analog Devices ( ADI) also are among the 21 stocks. Chip plays led the stock market upswing but have been notable losers over the past several sessions.

ASML Holding, Lam Research

Chip-gear makers ASML Holding and Lam Research fell 3% on the stock market today, falling enough to invalidate recent buy points. Early Tuesday, Lam Research briefly retook a double-bottom buy point at the open, but soon reversed. ASML came within a whisker of moving back into a buy zone Tuesday before its own reversal. Those reversals, along with similar action from some other chip-gear names, were a bearish sign for leading stocks Tuesday before Nvidia ( NVDA) tumbled and Facebook ( FB) renewed its ongoing crash.

NXP Semiconductor Deal In Doubt

NXP Semiconductor plunged 4.3% to 116.26, crashing through its 50-day line and approaching its 200-day for the first time since Qualcomm ( QCOM) agreed to buy the automotive- and wireless-chip maker in late September. Qualcomm reportedly is having trouble getting China's approval for the NXP deal. Last month Qualcomm raised its takeover price to $127.50 a share from $110 to satisfy key NXP investors.

Other stocks on the list include Green Dot ( GDOT), TD Ameritrade ( AMTD), Canada Goose ( GOOS), Diamondback Energy ( FANG) and Ilumina ( ILMN).

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86. Tech, FANG Stocks Pressured Again As Amazon Gaps Below Key Support LevelСр., 28 марта[−]

Sellers swarmed around two FANG stocks in the stock market Wednesday as tech stocks in general faced another round of selling.

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At the close, the Nasdaq composite lost close to 0.9%, the S&P 500 slipped 0.3%, and the Dow Jones industrial average fell less than 0.1%. Preliminary data showed volume on the NYSE and Nasdaq coming in well above Tuesday's levels.

Merck ( MRK) and Walmart ( WMT) were top gainers in the Dow, up 2% to 2.5%.

Chip names in the Nasdaq 100 lagged again as names like Microchip ( MCHP), Broadcom ( AVGO), Intel ( INTC) and Lam Research ( LRCX) ended with losses of 2% or more.

The bond market was quiet as the 10-year Treasury yield was mostly unchanged at 2.77%.

FANG Stocks Pressured Again

In the stock market today, FANG stock Amazon.com ( AMZN) recovered off lows but still lost 4% on renewed reports that President Trump is considering additional taxes and other regulations for the internet retailer that's become a formidable rival to brick-and-mortar retailers, including department stores and sporting goods chains.

Fellow FANG name Netflix ( NFLX) also took heat, falling 5%. It's testing support at the 50-day moving average for the first time after a breakout from a flat base in early January.

Retail stocks turned in solid performances, helped by strong earnings from Leaderboard name Lululemon Athletica ( LULU). Shares jumped 9%. Other retail names holding up well in a weak market tape include Urban Outfitters ( URBN), American Eagle ( AEO) and Ollie's Bargain Outlet ( OLLI). Results from Ollie's are due April 4 after the close.

In merger news, oil and gas producer Concho Resources ( CXO) plunged nearly 9% on news that it's acquiring RSP Permian ( RSPP) for around $8 billion in stock. Shares of RSP Permian soared nearly 16%.

Top-rated growth stocks faced selling pressure again in the IBD 50 as 20 components fell 2% or more.

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87. Stocks Off Lows But Amazon, Major Techs Remain A Sore SpotСр., 28 марта[−]

The major indexes came off session lows in afternoon trading Wednesday, but troubles remained as Amazon.com ( AMZN) became the latest big technology stock to be punished.

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The Nasdaq composite lost 1% and fell below the 7000 level, where some support had appeared the past few days. The composite still leads for 2018 but has been battered more than other indexes the past couple of weeks amid weakness in some of its flagship stocks.

The Nasdaq 100 was off 1.3%, reflecting the heavier selling in the biggest technology companies. Facebook ( FB) has been the weakest, down more than 20% from its prior high. Apple ( AAPL) is trading below its 50-day moving average after failing to punch above resistance at around 180. Netflix ( NFLX) fell to its 50-day line Wednesday as it tries to find support.

Amazon added to the FANG stocks' woes Wednesday. The No. 3 stock in the Nasdaq tumbled 4% in heavy volume and pierced the 50-day moving average for the first time since October. A report said President Trump is eager to go after the company with taxes and regulations.

The S&P 500 eased 0.3% and remained stuck near its 200-day moving average. Watch for a possible bottom at that level. Certainly, a drop below the line would be another bad sign for a market already experiencing difficulties.

The Dow Jones industrial average gave back 0.2%. The three indexes are below their 50-day moving averages, and the lines for the S&P 500 and Nasdaq are starting to hook lower. That may signal a longer-term change in trend, although there are some elements in place for at least a short-term low.

The Russell 2000 bounced 0.2%. But the small-cap benchmark has yet to break a two-week downtrend.

Volume was tracking sharply higher on both exchanges compared with the same time Tuesday.

Retail showed relative strength in today's market, with home furnishings, department stores, apparel and other retail groups up anywhere from 1.5% to 6%.

One of the strong points in the sector was Lululemon Athletica ( LULU), which soared 11% to a new high. Late Tuesday, the athletic apparel label beat profit expectations. Lululemon, a member of IBD Leaderboard, also gave a sunny outlook for the full year.

Concho Resources ( CXO) plunged below its 50-day average in heavy volume. The company announced Wednesday it would acquire RSP Permian ( RSPP) to create the largest drilling and completion operation in the Permian Basin. The all-stock deal is valued at $9.5 billion, including debt.

RSP shares soared 16% in huge volume. The move counted as a breakout from a cup-with-handle base, but with the acquisition likely to be completed, the stock will likely see little change from now on.

In a symptom of the market's weakness, several top-rated stocks have erased significant gains from their buy points. That has resulted in sell signals. Meanwhile, several more IBD 50 stocks fell below the 50-day line today.

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88. Dow Jones Gains, Faces Critical Test As Alphabet, 2 Tech Leaders Trigger This Sell SignalСр., 28 марта[−]

The Dow Jones industrial average rose 0.3% and enjoyed gains from a wide array of industrial and consumer stocks Wednesday. But the market's overall gains are stunted by a sell-off in an equally diverse range of industries, including automakers, internet retail, movies, gold and silver mining, mortgage finance and chip equipment. Alphabet ( GOOGL) is in a critical juncture as it fights to cut losses, rising nearly 0.7% to 1,014.

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The Dow, helped by strength and 1-point-plus gains in its components Verizon Communications ( VZ), 3M ( MMM), IBM ( IBM) and Travelers ( TRV), edged around 0.3% higher. That's better than a slight gain for the S&P 500 and a loss of around 0.5% for the Nasdaq composite as of 2p.m. ET.

Watch to see if the 30-stock Dow Jones industrials, now around 23,934 and down 3.2% year to date, can avoid a crossing of the key long-term 200-day moving average, which has been rising slowly yet steadily ever since the major indexes flashed a rare Day 3 follow-through on June 30, 2016, signaling that a major move up in stocks was highly possible.

You can see the 200-day moving average clearly as a black line in all daily charts of MarketSmith, IBD's premium stock charting and screening service. On a weekly chart, the rough equivalent is the 40-week moving average.

How To Handle Alphabet Now

The Nasdaq 100 also slipped nearly 0.7% after being down more than 2%; all five of the FAANG stocks lost ground, and Google owner Alphabet ( GOOGL) is fighting to prevent further downside after sliding beneath its 200-day moving average for a short while Monday.

At its session low of 984, the web search giant has now completely given back a nearly 19% gain from an October breakout at 1,006.29. Alphabet did just that in early February before rebounding.

Watch to see if 1,000 serves as a key psychological level of support for Alphabet. Through the end of 2017, 3,854 mutual funds and hedge funds collectively owned shares in the megacap tech, down from 4,032 in the first quarter of 2017.

Round-tripping substantial gains is one key characteristic of a market that has slipped from "confirmed uptrend" to "uptrend under pressure" and finally, as seen in Tuesday's Big Picture column, to "Market in correction."

Alphabet currently gets a respectable 93 Composite Rating on a scale of 1 to 99 on IBD Stock Checkup. Keep in mind that this all-in-one rating, which includes EPS, RS, SMR and Accumulation/Distribution grades, is more useful as a buying indicator, not as a selling indicator.

Shopify ( SHOP) and Square ( SQ) also have echoed the market's tendencies to see bigger drops by the best market leaders. When you have a double-digit gain and the chances are high that all of those gains are wiped out, it's better for individual investors and small investment advisors to gut the position entirely and salvage at least a small gain. That way, you prevent a total loss. Also, assuming the stock has ample average dollar volume, you can always get back in at the former buy point or during a future breakout when market conditions improve.

Shopify dropped more than 4% to 123.04 in volume running double usual levels. The expert in e-commerce facilitating software for small and medium businesses has fallen six days in a row and surrendered all of a 24% gain from a January breakout past 123.04. It had formed a cup-style base that also featured a 117.12 aggressive entry.

Can Square Rebound?

Square slid more than 10% to 46.72 in fast turnover, giving back a more than 20% advance from a March 5 breakout past 47.60 in a cup with deep handle.

The large-cap e-commerce play had jumped 22.8% past the proper entry. The stock showed signs of a climax run at the end of 2017, so the March breakout in itself was quite a feat.

The Jack Dorsey-led company, famous for its sleek point-of-sale transaction devices and next-generation payment registers, has expanded into small lending, HR management and other services to help clients grow and handle strong business growth.

The Street sees Square's earnings rising 70% to 46 cents a share this year, then jumping another 65% to 76 cents in 2019.

In other financial markets, WTI crude oil futures slipped more than 1.3% to $64.37 a barrel. Treasury buying on the long end intensified, and the yield on the benchmark U.S. 10-year bond fell to as low as 2.74%.

The yield on the heavily watched bond is still up sharply from around 2.40% at the start of the year.

(Follow Saito-Chung on Twitter at @IBD_DChung for more commentary, analysis, and reporting on top growth companies, the economy, and financial markets.)

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89. Dow Jones, S&P 500 Fall Again As Stock Market Continues To WhipsawСр., 28 марта[−]

The Dow Jones turned south once again while the S&P 500 index and Nasdaq composite once again turned negative as the stock market's whipsaw action continue. Dow Jones component Intel ( INTC) fell 3.6%. Blue chip retailers Walmart ( WMT) and Home Depot ( HD) rose.

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Walmart kept a 1.6% gain, but Home Depot was barely positive.

The Dow Jones industrial average dipped 0.1% after rising more than 200 points earlier. The S&P 500 fell 0.2% after earlier flirting with undercutting 200-day line. The Nasdaq sank 0.8%.

Volume in the stock market today increased vs. the same time on Tuesday on both major exchanges.

Intel has been showing choppy action since posting an intraday high March 13. The stock has retreated to 8% off the high but is holding above its 50-day moving average. Intel has a 1.8% weighting in the Nasdaq composite.

Intel's chip sector is No. 3 among 33 sectors. The chip sector ended 2017 ranked No. 10, but was up 7.4% year to date through Monday before running into Tuesday's buzz saw. Going into Wednesday's session, the chip sector was up 2.6% in 2018.

Home Depot has lost 7% year to date but could be about to shape a new base. The stock needs to build the right side of the consolidation and retake its 50-day line.

Home Depot grew earnings about 16% in fiscal 2018 ended in January. The Street expects earnings to advance 27% in the current fiscal year.

If the stock market remains in correction, watch to see if Home Depot can use the time constructively by building a base.

Walmart is down 11% year to date. The stock is stuck under its 200-day line. Recently Walmart has been testing robots in 50 stores.

IBD 50 Hit Hard

Quality was having a tough time midsession Wednesday. In the IBD 50, a list of the best stocks in fundamentals and technicals, only five of the 50 stocks rose and volume was unimpressive. For example, Viper Energy Partners ( VNOM) gave up modest gains in light volume, turning down 0.7%.

On the downside, Netflix ( NFLX) sank 4.6% in busy volume. Netflix so far has found support at its 50-day line, where it is conducting its first test at the line since breaking out in January.

Sell Signal

Stocks flashing sell signals include Shopify ( SHOP). The stock stabbed under its 50-day line Tuesday and dug a deeper hole intraday Wednesday. Shopify's most recent breakout came from a fourth-stage base. Research shows first and second-stage breakouts are more likely to work than breakouts from later-stage patterns.

In financial news, the third reading on fourth quarter GDP rolled in at 2.9%. This was better than the 2.7% growth expected. Consumer spending grew 4%, topping the consensus view for 3.8%.

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90. Stock Market Resumes Sell-Off As Amazon, Netflix TumbleСр., 28 марта[−]

The stock market retreated mid-morning Wednesday with long-time FANG stock leaders Amazon ( AMZN) and Netflix ( NFLX) leading the way down. Top retail stock Lululemon Athletica ( LULU) advanced to new highs after reporting strong quarterly earnings results.

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The Nasdaq fell 1.4%, undercutting Tuesday's lows. The Dow Jones industrial average slid 0.5%.

The S&P 500 index lost 0.7%, right above its 200-day moving average. The S&P 500 has tested its 200-day a few times, notably finding support there on Feb. 9. But it hasn't closed below that key level since June 2016, just after the Brexit vote.

Among Dow Jones components, Apple ( AAPL) declined 1.5% after Goldman Sachs slashed its iPhone sales estimates amid weaker-than-expected demand. Shares are finding resistance at their 50-day moving average line and are about 9% off their all-time high.

Among companies reporting earnings, Leaderboard member Lululemon topped Q4 earnings and sales estimates late Tuesday. The company now has two quarters of accelerating earnings growth — a bullish fundamental metric. Shares jumped nearly 10% to move back above their 50-day line and are hitting a new high in heavy volume.

Two of the four FANG stocks were hit hard. Amazon fell 6%, tumbling through the 50-day line for the first time since an Oct. 27 breakout above a 1,083.41 cup-shaped base entry.

Netflix found itself back at its 50-day line for the first time since a Jan. 3 breakout above a 204.48 flat-base entry. Shares dropped nearly 5%, just above that crucial 50-day.

Inside The IBD 50 Stocks

Among leading growth stocks, only a handful of names were in positive territory amid the market's sell-off. Five Below ( FIVE) rose more than 1% as it tries to again clear a 71.69 cup-with-handle entry. The stock has had trouble clearing that entry given the stock market's weakness.

On the downside, new IPO PagSeguro Digital ( PAGS) declined 2.7% after rebounding from heavier losses. Shares remain well-extended from an IPO base's 30.02 buy point. The stock hit a new high Tuesday and is acting well given the market environment.

Meanwhile, the Commerce Department reported fourth-quarter earnings rose at a revised 2.9% annual rate, higher than the expected 2.7% rate.

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91. Stock Market Today Opens Mixed As FANG Leader Undercuts 50-Day LineСр., 28 марта[−]

The stock market today opened in mixed trade, as tech stocks showed early weakness amid a rebound by other market segments.

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The Dow Jones industrial average led the stock market today, rising 0.6% at the starting bell. Verizon ( VZ) topped the index, climbing 1.4% after an upgrade to buy from HSBC. Intel ( INTC) fell 1.4% — the Dow's hardest early hit.

The S&P 500 gained 0.3%, with biotech Incyte ( INCY) jumping out to an early lead and retailers showing some strength at the open.

The Nasdaq Composite slipped 0.3%. Apple ( AAPL) dropped 0.8% early. Facebook ( FB) posted the only early gain among the four FANG stock tech leaders. Amazon.com ( AMZN) and Tesla ( TSLA) suffered the Nasdaq 100's worst declines, both falling more than 4%.

All three major indexes have fallen in four of the past five sessions. A rally attempt early Tuesday failed just as the Nasdaq met resistance at its 50-day moving average. That left the index facing a possible a dive to its 200-day line.

The question for the stock market today will be whether the Dow Jones industrials and S&P 500 will continue to find support at their 200-day averages. The Dow industrials ended 1.4% above that line on Tuesday, while the S&P 500 held a 0.5% margin.

Fourth-quarter GDP received a better-than-expected revision from the Commerce Department, with Wednesday's new numbers showing a 2.9% expansion. That topped prior estimates of 2.6% and consensus estimates for an uptick to 2.7%. Estimates for price growth held steady, leaving the GDP price index inflation estimate unchanged at 2.3%.

February pending home sales data are due at 10 a.m. ET from the National Association of Realtors. The Energy Information Administration delivers its weekly oil inventories report at 10:30 a.m. ET.

Walgreens, RH, Lululemon Gain, Tesla Dives In Stock Market Today

Retailers showed early strength, as Walgreens Boots Alliance ( WBA) shares jumped 2.2%. The Deerfield, Ill.-based pharmacy reported fiscal second-quarter results above analyst targets. The stock is in the midst of a 12-month decline.

RH ( RH), formerly known as Restoration Hardware, bolted 20% higher after reporting a solid fourth-quarter earnings beat.

Amazon dived 4.8% in early action, driving the stock below its 50-day moving average for the first time since October. That put it 12% below its March 13 high, but still up 17% from a January flat base breakout.

Facebook shares found their footing and rose 0.8%. The company introduced new privacy settings that it says will give users more control over their data. "Instead of having settings spread across nearly 20 different screens, they're now accessible from a single place," Facebook said on its website. Facebook shares are down 15% so far in March, and ended Tuesday 22% below their February high.

Ireland-based drugmaker Shire ( SHPG) spiked 18% in the stock market today. Multiple news agencies reported Japan's Takeda was in a "preliminary and exploratory" stage of considering a bid for the company. No approach has yet been made to Shire's board, reports said. Shire shares ended Tuesday down 53% from a July 2015 high.

Electric auto innovator Tesla slumped 5.5% after tumbling more than 8% in heavy trade Tuesday. News reports said that the National Transportation Safety Board was investigating a crash involving a 2017 Tesla Model X in California. Tesla shares are down nearly 19% so far in March, trading at their lowest level in 12 months.

Leaderboard: Lululemon Surges

IBD Leaderboard stock Lululemon Athletica ( LULU) spiked 8% after its late Tuesday report showed fourth-quarter earnings and sales comfortably above consensus views, and full-year earnings per share and revenue guidance also above expectations. The stock has been struggling to regain support at its 50-day moving average, ending Tuesday 6% below its early March high.

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92. S&P 500, Dow Jones Futures Active; The Last Pocket Of Stock Market StrengthСр., 28 марта[−]

Dow Jones futures, S&P 500 index futures and Nasdaq 100 futures turned higher Wednesday morning after the stock market suffered big losses Tuesday. The Nasdaq composite undercut Friday's recent low as Nvidia ( NVDA), Tesla ( TSLA), Facebook ( FB) and Twitter ( TWTR) led the tech meltdown. The S&P 500 index and Dow Jones neared their 200-day moving averages again.

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S&P 500 index futures rose 0.25% vs. fair value. Dow Jones futures advanced nearly 0.3% vs. fair value. Nasdaq 100 futures climbed 0.25%.

Keep in mind that premarket trading doesn't always translate into how stocks will open and close the following day. Futures looked strong ahead of Tuesday's regular session, but after a modest gain at the open the stock deteriorated.

After crashing 8.2% Tuesday on several negative headlines, Tesla stock fell 1.1% early Wednesday after Moody's downgraded it late Tuesday on Model 3 production concerns. Nvidia, Facebook and Twitter rose roughly in the premarket. But during Tuesday's regular session, Nvidia fell 7.8%, Facebook 4.9% and Twitter 12%, all in more than double normal volume. Nvidia and Twitter tumbled through their 50-day moving averages.

Apparel-Shoes & Related Manufacturing, ranked No. 7 out of 197 industries that IBD tracks, edged up 0.1% on Tuesday. That was the only group in the top 50 that managed any gain in the broad stock market sell-off. Dow Jones component Nike ( NKE) edged 0.4% higher. Nike's relative strength line, which gauges a stock's performance vs. the S&P 500 index, rose to an 18-month high.

Investors should be looking to raise cash by taking profits in winning stocks. Be quick to cut losses. This is not a time to be buying. The stock market is flashing numerous negative signals. In any case, few top stocks are even attempting breakouts.

Build Your Stock Watch List

This is a time to be building a watch list, regularly adding and pruning stocks of interest along the way. Don't forget the pruning: These six big-cap tech stocks reclaimed their 50-day lines on Monday, including Nvidia, but sold off Tuesday.

When the stock market shows a convincing uptrend once again, the first stocks to break out are often the rally's big winners. So you want to be ready.

Reading the Stock Market Today and The Big Picture every day will keep you in sync with the major stock market averages and leading stocks. Investors definitely should read the latest Big Picture.

Apparel, Retail Stocks Offer Some Strength

Nike closed just below its 50-day line on Tuesday, continuing to consolidate, but it has not quite formed a proper base. Nike fell 1% in the premarket

Meanwhile, yogawear retailer and maker Lululemon Athletica ( LULU) and home furnishings chain RH ( RH) shot up late on strong earnings. Neither was active early Wednesday yet.

Several other apparel and retail stocks are faring well. Five Below ( FIVE) once again tried to clear a buy point Tuesday, but reversed. Urban Outfitters ( URBN) fell just below a buy point. American Eagle Outfitters ( AEO) and Burlington Stores ( BURL) are still in range. Macy's ( M) and Canada Goose ( GOOS) are consolidating bullishly.

Keep in mind that these are pockets of resilience. Many other retail stocks, including Walmart ( WMT) and Target ( TGT), are struggling. And retail may be seen as a quasi-defensive investor play right now. If the stock market rebounds, investors could lose their interest in apparel and retail names and jump back into techs.

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93. Stock Market Sell-Off Led By Nvidia, Tesla; Dow Stock Rises On Buffett SpeculationВт., 27 марта[−]

The stock market ended lower Monday, with the Nasdaq composite taking the biggest hit, down 2.9%, hurt by weakness in shares of Tesla ( TSLA) and Nvidia ( NVDA).

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Blue-chip stocks outperformed for much of the session, helped by strength in Dow component General Electric ( GE), which jumped more than 4% on speculation that Warren Buffett could be ready to take a stake in the troubled manufacturer. But the Dow gave back a 1% intraday gain, falling 1.4%.

The S&P 500 lost 1.7%. Preliminary data showed volume on the Nasdaq coming in a tad lower than Monday. NYSE volume rose a bit.

Investors bought bonds in spades, sending the yield on the 10-year Treasury note lower by 8 basis points to 2.78%.

Tesla Falls On Citigroup Note

In the stock market today, shares of Tesla plunged 8% on news that the National Transportation Safety Board is investigating the fatal crash of a Tesla vehicle in California last week. Negative comments from Citigroup didn't help matters.

Nvidia reversed lower below the 50-day moving average, falling nearly 8%, on news that the company is suspending its own self-driving-car tests on the heels of an Uber crash last week in Arizona where a pedestrian was killed by a self-driving car.

Adobe Systems ( ADBE) also took a hit, falling nearly 7%. It flashed a bearish outside day, where the stock's intraday high and low today exceeded those of yesterday.

Facebook ( FB) reversed lower after reversing higher Monday in strong volume. Shares fell nearly 5% after Bank of America cut Facebook's price target for the second time in five days to 210 from 230.

Other top growth stocks took hits as about 20 names in the IBD 50 ended with losses of 4% or more.

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94. Dow Jones Joins Stock Market Tumble As Boeing Falls, Tesla Sinks 8%Вт., 27 марта[−]

Business software, internet, chip and FANG stocks got pummeled on Tuesday as the Nasdaq composite suffered the worst of the stock market's decline. The more broadly diversified Dow Jones industrial average fell less.

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With less than an hour to go in the session, the tech-driven Nasdaq sank 3%, essentially wiping out nearly all of Monday's strong rebound. The Nasdaq 100 reversed from session highs to fall nearly 3.7%.

Meanwhile, the Dow Jones industrial average, generally a lagging market index, resisted the stock market sell-off for much of the session, but was down more than 1.5% heading into the close. Defensive Dow Jones plays Procter & Gamble ( PG) and Johnson & Johnson ( JNJ) rose modestly.

Worries over the future of self-driving technology efforts in the wake of a fatality during a recent Uber driving test in Arizona appear to be sparking some of the sell-off across the tech sector.

The automaker group fell the most among IBD's 197 industry groups and subgroups, down 7.2%. Tesla ( TSLA) paced the decline, dropping more than 8% in volume running 130% above usual levels. The all-electric vehicle pioneer undercut support near the 290-300 level it had been enjoying since early May of 2017.

The Dow saw at least eight of its 30 stocks fall 2 points or more, including tech heavyweights Microsoft ( MSFT) and Apple ( AAPL). Apple, down 2.6% at 168.34, failed to hold early gains one day after it reclaimed the key 50-day moving average. However, the iPhone giant is still just 8% below its all-time high of 183.50. Watch for a potential new base to develop.

The S&P 500 slumped 1.4%, and breadth was poor on both main exchanges. But volume was running lower vs. the same time Monday. Utilities paced the upside as U.S. government bonds dropped hard. The yield on the benchmark U.S. Treasury 10-year bond dropped to 2.78%, the lowest since Feb. 6.

Financial giants Visa ( V) and Goldman Sachs ( GS) also lost 2 points or more. Visa, falling nearly 3% to 117.40 in average trade, has been unable to rebound sharply since it sliced through the 50-day moving average on Thursday for the second time this month.

Notice on a daily chart how on March 2, the first time the credit card and debit card payment processor undercut the 50-day line, Visa managed to bounce off its lows and finish mildly above that key support-and-resistance level. So, continued to failure to quickly retake the 50-day moving average would indicate a change in the stock's character.

Dow Jones tech component Microsoft reversed from decent early gains and plunged nearly 4%, back below the key 50-day moving average.

Boeing ( BA) dropped nearly 2% despite recent news that it may win a huge airplane order from American Airlines ( AAL).

Boeing triggered a key sell signal when it ditched its 50-day moving average in heavy volume two weeks ago. But since then, the stock has not given up a whole lot of ground. This suggests that the aerospace giant may have enough long-term institutional demand to craft a new base in the future.

At 321, the military jet, airline and satellite maker trades less than 14% below an all-time peak of 371.60. If the stock can hold above its recent session lows, the chances of a shallow cup base or a flat base grow.

The Innovator IBD 50 ( FFTY) also reversed from early session highs to fall 1.48, or 4.3%, to 33.10. Volume was flat. FFTY is down minimally since Jan. 1 after rallying more than 37% in 2017. The S&P 500, at 2612, remains above its long-term 200-day moving average but is now down 2.3% year to date, excluding dividends. The S&P SmallCap 600 is off 0.9% over the same time frame.

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95. Dow Jones Leads Stock Market As GE Rises But Nvidia, Techs Hit NasdaqВт., 27 марта[−]

The Nasdaq composite and small caps lagged as the stock market followed Monday's huge rally with a mixed performance, and Nvidia ( NVDA) contributed to weakness in tech stocks.

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The Dow Jones industrial average led with a 0.8% gain. Dow component General Electric ( GE) jumped 5.5% on speculation that billionaire investor Warren Buffett may buy a stake in the troubled manufacturing giant. But GE shares remain depressed, and at less than 14 a share, the stock has a small impact on the price-weighted Dow.

A number of other Dow stocks rebounded some, but only Cisco Systems ( CSCO) is in a follow-on buy area. The networking equipment company continues to rise from support at the 50-day moving average.

The S&P 500 rose 0.4% but the Nasdaq was down 0.3%. Internet, software and biotech stocks were Nasdaq-heavy industry groups that lagged. Nvidia reversed lower, falling back below the 50-day moving average, in active trading. It was down nearly 4% after Reuters reported that Nvidia is suspending tests of self-driving cars following a fatal accident involving an autonomous Uber vehicle last week. Self-driving technology is one of Nvidia's big growth areas.

Some major Nasdaq components also struggled. Facebook ( FB) slid more than 3%, unable to capitalize on a positive price reversal Monday. Alphabet ( GOOGL), Netflix ( NFLX) and Microsoft ( MSFT) were other major stocks that haven't followed up Monday's positive moves.

Small caps also were weaker, with the Russell 2000 off 0.4%. The Russell index has a large representation of technology companies.

With technology shares out of favor in today's market, the IBD 50's weakest stocks were in internet and software. Adobe ( ADBE), Weibo ( WB) and Grubhub ( GRUB) fell 1.5% to 3%.

But software leader Red Hat ( RHT) rose nearly 4% to lead the IBD 50. If anyone is still holding Red Hat shares from their previous record high in December 1999, they've finally made up their losses: The stock hit an all-time high today. The Linux operating system company late Monday beat profit and sales expectations as Red Hat shifts its strategy to cloud computing.

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The post Dow Jones Leads Stock Market As GE Rises But Nvidia, Techs Hit Nasdaq appeared first on Investor's Business Daily.


96. Stock Market Volatile With Facebook, These 3 Growth Names In MotionВт., 27 марта[−]

The stock market struggled to rally for a second straight day Tuesday after Monday's strong gains . FANG stock and longtime market leader Facebook ( FB) erased early losses amid another price-target decrease.

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The Nasdaq was nearing its 50-day line in the stock market today, just three days after piercing the support level in heavy volume. The tech-heavy composite gave up early gains and briefly turned negative before moving up 0.15%.

The S&P 500 index also was up 0.15% while the Dow Jones industrial average rose less than 0.3%. Both the S&P 500 and Dow Jones have stemmed their slides at the longer-term 200-day moving average lines.

Among the Dow industrials, Apple ( AAPL) moved further above its 50-day line with a near-1% rise Tuesday. The stock is looking to snap back after a recent six-day losing streak that saw the stock fall back down to its 200-day line.

Among companies reporting earnings, top retail stock and Leaderboard member Lululemon will report after the close Tuesday. The company is expected to earn $1.27 per share on revenue of $910 million. Shares are currently finding support near their 50-day line — a critical support level. Shares traded about 0.6% lower.

Facebook recovered from early losses to edge higher after Bank of America cut its price target on the social media giant for the second time in five days. The analyst lowered his target from 230 to 210 in the midst of the Federal Trade Commission's investigation into Facebook's data privacy practices. The stock is trading about 18% off its all-time highs after last week's near-14% decline.

Inside The IBD 50 Stocks

Among leading growth stocks, Red Hat ( RHT) jumped nearly 5% after reporting strong fiscal-Q4 earnings and sales results late Monday. Shares of the Linux software maker hit a new 52-week high and are well-extended from a recent pullback to the 10-week line in early February.

Nvidia ( NVDA) moved up over 1%, as the graphics-chip maker cushioned its position above its 50-day line. Shares are about 3% off their all-time high.

On the downside, Micron Technology ( MU) declined over 1% to give back some of Monday's rebound. The memory-chip maker has fallen hard over the last five trading sessions, but is still extended from a 47.08 double-bottom entry.

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The post Stock Market Volatile With Facebook, These 3 Growth Names In Motion appeared first on Investor's Business Daily.


97. Stocks Take Early Bounce; IBD 50 Stocks Lead S&P 500, Nasdaq 100Вт., 27 марта[−]

Global stock markets strengthened and, in the U.S., the stock market today regained ground after a wobbly open. General Electric ( GE) lead the rebound among blue chip stocks, taking over the lead among S&P 500 stocks from Red Hat ( RHT).

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The Nasdaq Composite recovered to a 0.4% gain on the stock market today, as Apple ( AAPL) surged 0.9%, but the FANG stock tech names struggled in early action. Chipmaker Nvidia ( NVDA) posted the Nasdaq 100's strongest early move.

The Dow Jones industrial index rebouned 0.4%, and the S&P 500 climbed out of negative territory to a 0.3% advance. Both indexes rebounded Monday from support at their 200-day moving averages, which could potentially act as a bottom to contain the market's pullback.

The U.S. stock market rallied hard Monday, after comments from administration officials over the weekend cooled some trade war fears. Monday also brought the first signs of confirmed progress in trade relations since the Trump administration exited negotiations in the Trans-Pacific trade partnership in January 2017, then announced two sets of tariffs in February and March.

Tokyo's Nikkei 225 led the rebound across global stock markets, spiking 2.7% Tuesday. The Shanghai Composite popped 1.1% and Hong Kong's Hang Seng Index advanced 0.8%. In Europe, London's FTSE 100 rallied to a 2.1% gain in afternoon trade, with Frankfurt's DAX 1.8% higher and the CAC-40 in Paris ahead 1.3%.

In economic news, the S&P Case-Shiller Home Price Index accelerated to a 0.8% increase in January. That was up from December's 0.7% final tally, and slightly better than consensus estimates for another 0.7% gain.

The Conference Board's March reading on consumer confidence and the Richmond Federal Reserve Bank's manufacturing index are expected at 10 a.m. Atlanta Federal Reserve Bank President Raphael Bostic is scheduled to speak in Atlanta at 11 a.m. ET.

Apple Leads Blue Chip Stocks, Red Hat Spikes, Glaxo Grabs Novartis Unit

Opening trade on the Dow was volatile, with Apple leading the early charge, up 0.8% after paring its opening advance. The stock sought to hold above its 50-day moving average, which it retook with a 4.8% surge on Monday. The move occurred in comparatively light trade, but reversed a six-day slide and showed the stock finding solid support at its 200-day moving average.

Google parent Alphabet ( GOOGL) narrowed its early gain to 0.6%. The stock found support at its 200-day line Monday, ending the session 12% off its Jan. 29 high.

Software developer Red Hat fired ahead 4.4% to lead both the IBD 50 list and the S&P 500. The Raleigh, N.C.-based outfit reported a 50% gain in earnings per share and a 23% rise in revenue for its fourth quarter, both above analysts' expectations. First-quarter earnings guidance was below consensus views. Red Hat shares are extended above a flat base.

Chip stocks were active, with IBD 50 Nvidia climbing 2.2%. The gain moved shares into striking distance below their March 13 high. The stock is extended.

Drug giant GlaxoSmithKline ( GSK) swung 2.9% higher, after agreeing to pay $13 billion to buy point Novartis' ( NVS) shares of the companies' health care joint venture. The move is the biggest so far by Emma Walmsley, Glaxo's chief executive since March 2017, who replaced 50 of the company's top managers in her first year.

It also positions Glaxo as a player in a rapidly changing healthcare field that has included the launch of Apple clinic healthcare facilities for its employees and a healthcare joint venture between Amazon.com, JPMorgan ( JPM) and Berkshire Hathaway ( BRKA). GlaxoSmithKline shares have been in decline since May 2015.

Novartis shares, up 0.6% at the open, have tumbled 16% from a January high.

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The post Stocks Take Early Bounce; IBD 50 Stocks Lead S&P 500, Nasdaq 100 appeared first on Investor's Business Daily.


98. S&P 500, Dow Jones Futures Point To Solid Gains; These 6 Top Stocks Reclaimed 50-DayВт., 27 марта[−]

Futures for the S&P 500 index, Dow Jones industrial average and Nasdaq 100 rose solidly Tuesday morning after a huge stock market rebound Monday. The S&P 500 index and Dow Jones rebounded from around their 200-day moving averages. Meanwhile, Microsoft ( MSFT), Cisco Systems ( CSCO), Apple ( AAPL), Nvidia ( NVDA), Alibaba ( BABA) and Applied Materials ( AMAT) were among leading stocks to reclaim their 50-day moving averages.

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These tech giants, which all outpaced the major stock market averages on Monday, share some common features. Microsoft, Cisco Systems and Nvidia all saw their relative strength lines, which track stocks' performance vs. the S&P 500 index, hit record highs. Nvidia and Alibaba are among IBD 50 stocks expected to deliver accelerating earnings growth in their current quarters. Microsoft, Cisco and Apple are all Dow Jones components.

Only Alibaba and Applied Materials still have valid buy points. (Alibaba and Applied Materials also have the highest Composite Ratings of these six stocks, with Alibaba at 97 and Applied Materials at 98.) The other stocks have work to do on forming new consolidations.

Among other notable moves above the 50-day line, Lockheed Martin ( LMT) and General Dynamics ( GD) closed above that support, as defense contractors are among the stock market leaders. The iShares PHLX Semiconductor ( SOXX) and Innovator IBD 50 Fund ( FFTY) were key ETFs regaining their 50-day lines.

S&P 500 Extends Monday's Gains

Keep in mind that Monday was just one good day. The S&P 500, Dow Jones and even the Nasdaq still look shaky, with the stock market uptrend under pressure. Be very cautious about any new purchases.

Futures for the S&P 500 index rose 0.55% vs. fair value. Dow Jones futures climbed 0.5%. Nasdaq 100 futures were up 1% vs. fair value.

Microsoft

Microsoft vaulted 7.6% to 93.78 in strong volume on Monday. Morgan Stanley named Microsoft a "top pick" and on its way to a $1 trillion market cap, thanks to its strong growth in cloud computing. The stock was adding 0.9% early Tuesday.

Shares of Microsoft briefly cleared a 96.17 entry point from a flat base earlier this month, but eventually fell too far for that buy point to remain valid.

Cisco Systems

Cisco on Monday gained 3.9% to 44.06 on volume that was modestly below average. That's well extended from a 34.20 cup-with-handle buy point finally cleared decisively in mid-November. The stock inched up 0.7% in the premarket Tuesday.

The networking giant appears to be turning the corner in its shift from hardware such as routers and switches to faster-growing services and software.

Apple

Apple rose 4.75% to 172.77 in somewhat lower volume on Monday, ending a five-day skid. Shares were up 0.8% early Tuesday.

The iPhone maker cleared a messy, V-shaped, high-handle cup base buy point of 180.58 earlier this month, but that quickly faltered. That entry is no longer valid, even with the RS line at a new high.

Nvidia

Nvidia popped 4.9% to 244.48 on Monday. Like Cisco and Apple, volume was slightly below normal. Shares of the graphics-chip maker edged up 0.8% early Tuesday.

CEO Jensen Huang will give the keynote address at the Nvidia' GPU Technology Conference Tuesday at 9 a.m. PT.

Alibaba

Alibaba rose 5.1% on Monday to 190.50. The Chinese e-commerce giant is working on a 206.30 buy point. Its RS line isn't too far off record highs, but also has gone sideways for the past seven months.

Shares of Alibaba rose 0.7% early Tuesday.

Applied Materials

Applied Materials shot up 5.6% to 58.47 on Monday, just below a 58.83 double-bottom buy point. The chip-equipment giant was not yet active Tuesday.

Applied Materials cleared that entry decisively in early March and rose to a record 62.40 on March 12. Shares then pulled back, selling off significantly last week, but not quite enough to trigger an absolute must-sell signal.

Fellow chip-gear giants Lam Research ( LRCX) and ASML ( ASML), which closed above their 50-day lines Friday, also rebounded Monday to just-below still-valid buy points.

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The post S&P 500, Dow Jones Futures Point To Solid Gains; These 6 Top Stocks Reclaimed 50-Day appeared first on Investor's Business Daily.


99. Stock Market Mixed, But Apple Reverses Lower As 'China Play'Вт., 27 марта[−]

U.S. stock indexes reversed lower Tuesday as the market failed to digest the previous session's monster gains. Dow components Apple ( AAPL) and Intel ( INTC) each popped about 1% and then reversed.

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The Dow Jones industrial average fell 1.4%, while the Nasdaq and the S&P 500 slid 2.9% and 1.7% respectively. The small cap Russell 2000 retreated about 2%.

Volume in the stock market today rose on the NYSE but fell on the Nasdaq, according to preliminary data.

Although Apple fell in eight of nine sessions beginning March 13 when President Trump threatened to slap tariffs on China, the stock rebounded nicely Monday. News over the weekend that the U.S. and China might come to terms on trade fired up the U.S. stock market.

The iPhone giant retook its 50-day line with a 4.7% jump Monday but fell 2.6% Tuesday in volume slightly below average.

Apple's China Risk

Apple has considerable exposure to Greater China, which includes China, Hong Kong and Taiwan. In fiscal Q1 ended in December, Greater China accounted for 20.3% of Apple's total net sales, according to Securities and Exchange Commission reports. Go back six years, and Greater China made up only 11.7% of Apple's net sales. So, China is a growth driver for Apple.

If a trade war were to break out, Apple would be a likely casualty.

Intel's China Exposure

Intel is another tech with hefty China exposure. In 2017, China (including Taiwan and Hong Kong) accounted for 40.3% of Intel's total net revenue. Intel leapt 6.3% Monday but fell 2.5% Tuesday in volume 10% above average.

In the IBD 50, a list of the best stocks in fundamentals and technicals, Red Hat ( RHT) led with a 4.6% gain. Grubhub lagged with a 2.3% loss. Red Hat's quarterly earnings topped the consensus estimate by about 12%.

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The post Stock Market Mixed, But Apple Reverses Lower As 'China Play' appeared first on Investor's Business Daily.


100. Dow Jones Soars 669 Points As Microsoft Helps Nasdaq Notch Year's Best GainПн., 26 марта[−]

Stocks rallied into the close Monday as Facebook ( FB) made an impressive reversal to underscore the market's attempt to end a nearly two-week tumble.

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The Nasdaq composite surged 3.3% to mark its best single-day performance of the year so far. Software, chip and data storage were among the most successful industry groups in today's trading.

The Nasdaq's fifth-largest component, Facebook, erased a sharp loss. The social media company slid to the lowest level since July, deepening a sell-off on user-data concerns. But it reversed higher to close with a 0.4% gain. It's still too soon to spot a bottom on the stock.

The Dow Jones industrial average leaped 2.8% as technology components led the way. Microsoft ( MSFT) jumped nearly 8% and recovered the 50-day moving average after Morgan Stanley raised its price target on Microsoft to 130 from 110 and reiterated an overweight rating. An analyst sees Microsoft on a path to a $1 trillion market cap.

Cisco Systems ( CSCO), another Dow component, found support in its latest pullback to the 50-day moving average.

The S&P 500 rose 2.7%, extending a rebound that originated at the 200-day moving average Friday. The Dow got close to its own 200-day line but has spent most of the the past seven weeks below it. The small-cap Russell 2000 climbed 2.2%.

Volume was lower than Friday's pace, according to early data. Winners beat losers by a 13-to-4 ratio on the NYSE and by 7-3 on the Nasdaq.

While there were few breakouts, some leading stocks reached secondary buy areas. Salesforce.com ( CRM) is finding support in a pullback to the 50-day moving average. Volume was about double it usual pace.

Smart Global Holdings ( SGH) rocketed more than 10% Monday, adding to a hot streak from the stock's breakout past a 43.25 buy point. Shares are extended. The memory chip company has emerged as a new leader in its industry group.

On the downside, AbbVie ( ABBV) sank to its 200-day moving average, where it will try to stop an 18% gash that began Thursday, when it announced disappointing trial results on a lung cancer treatment. The stock historically has traded calmly but became noticeably more volatile since hitting a record high in late January.

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The post Dow Jones Soars 669 Points As Microsoft Helps Nasdaq Notch Year's Best Gain appeared first on Investor's Business Daily.



 
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