Stock Market Today - Investor's Business Daily02:38 Текст источника в новой вкладке

 
 
1. Stocks Close Mixed As Techs Hurt Nasdaq, Dow Ends Losing StreakПт., 22 июня[−]

The Nasdaq composite lagged amid a sell-off in technology shares Friday while the other major indexes ended higher thanks to strength in oil stocks.

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The Nasdaq fell 0.3%, for a slight loss for the week. Weakness in software, data storage and other technology industry groups hit the composite hard. The Russell 2000 — which, like the Nasdaq, also has a big weighting in techs — fell 0.3%.

The Dow Jones industrial average snapped an eight-day losing streak, adding 0.5%. The S&P 500 rose 0.2% but still finished down modestly for the week.

The oil sector dominated Friday's leadership. The six best performing industry groups were all in the energy sector. Drilling, exploration, oilfield service and oil machinery industry groups rose 2.5% to 3.7%.

OPEC members agreed to raise production by 1 million barrels a day, settling a dispute that had caused uncertainty in the crude oil market. Normally, higher production would mean lower prices. But the decision was bullish for oil prices because the planned output boost will bring markets closer to balance, an Edward Jones analyst said.

SPDR Energy ETF ( XLE) rose 2% despite giving back some earlier gains.

But the tech sector struggled. Certainly the weakness in the software sector had much to do with Red Hat ( RHT). The cloud software company gave cautious guidance for the current quarter and full year, sending its shares to the lowest level since February. The stock gapped down below its 50-day moving average in huge volume, collapsing 14%.

Meanwhile, Needham downgraded chip-gear maker KLA-Tencor ( KLAC) to hold from buy Friday, citing concerns about slower foundry investments in the second half of 2018. KLA shares slid more than 3% in heavy trading.

Automakers also struggled after President Trump threatened via Twitter to impose a 20% tariff on cars imported from the European Union. IBD's automakers' group fell 3.5%.

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2. Stock Market Today: Track Market Trends And The Best Stocks To WatchПт., 22 июня[−]

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

Stocks Close Mixed As Techs Hurt Nasdaq, Dow Ends Losing StreakThe Nasdaq composite lagged amid a sell-off in technology shares Friday while the other major indexes ended higher thanks to strength in oil stocks. The Nasdaq fell 0.3%, for a slight loss... Read More
U.S. Stock Market NewsTrack current U.S. stock market news with regular updates on the Dow Jones industrial average, S&P 500 and Nasdaq composite. Plus, get timely alerts to the best stocks to buy and watch that... Read More
Nasdaq Lags As Software Stocks Sell Off; How Far Will iQiyi Correct Off Its High?A broad sell-off in the software sector turned the Nasdaq composite into a rare underperformer in stocks today. At 3:30 p.m. ET, the Nasdaq eased less than 0.2% but the Dow Jones... 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.


3. U.S. Stock Market NewsПт., 22 июня[−]

Track current U.S. stock market news with regular updates on the Dow Jones industrial average, S&P 500 and Nasdaq composite. Plus, get timely alerts to the best stocks to buy and watch that trade on the U.S. stock exchanges.

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With the latest Stock Market Today column, below, you'll get premarket, intraday and after-the-close coverage of the latest action in the U.S. market today.

Be sure to also check the IBD Stock Lists Update. You'll see which stocks were just added to or removed from S&P 500-beating stock lists like the IBD 50, Sector Leaders and IPO Leaders.

Stock Market News

Stocks Close Mixed As Techs Hurt Nasdaq, Dow Ends Losing StreakThe Nasdaq composite lagged amid a sell-off in technology shares Friday while the other major indexes ended higher thanks to strength in oil stocks. The Nasdaq fell 0.3%, for a slight loss... Read More
View Prior USA Stock Market News

IBD Stock Lists Update

PayPal, Stamps.com Just Added To The IBD 50 ListIBD stock screens are regularly updated to add new stocks to watch, as well as weed out those that have started to show weakness. In the tables below, you'll see which stocks... Read More
View Prior IBD Stock Lists Updates

U.S. Stock Market News And Trends

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

By tracking the latest U.S. stock market news 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 what's happening in the U.S. markets today, and be sure to check The Big Picture after each market close for more detailed analysis and stocks to buy and watch.

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The post U.S. Stock Market News appeared first on Investor's Business Daily.


4. Nasdaq Lags As Software Stocks Sell Off; How Far Will iQiyi Correct Off Its High?Пт., 22 июня[−]

A broad sell-off in the software sector turned the Nasdaq composite into a rare underperformer in stocks today. At 3:30 p.m. ET, the Nasdaq eased less than 0.2% but the Dow Jones industrial average rallied 0.7%. Hot new Chinese IPO iQiyi looked set to snap a huge four-week winning streak.

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Red Hat ( RHT), the expert in open source business software, gapped well below the 50-day moving average and plunged 12% in huge turnover despite posting decent fiscal Q1 results (EPS up 24%, revenue up 20%). The big drop triggered a sell signal for new shareholders.

Those who have a large profit cushion in the stock could afford to wait. Why? The stock still trades above its long-term 200-day moving average.

Red Hat's desktop software industry group fell 4.9%, the worst among 197 industry groups tracked by IBD each day.

Strength in the oil patch helped the Dow Jones industrials' cause following OPEC's decision to raise output by 1 million barrels a day.

The S&P 500 rose nearly 0.4%. But at 2759, it's poised to fall nearly 0.7% for the week. The large-cap benchmark rallied a combined 2.5% over the prior four up weeks.

The small-cap S&P 600 edged 0.2% lower. But at 1039, the index still boasts a solid 11% gain since Jan. 1. (For updates on this story and other market coverage, check Stock Market Today.)

Chevron ( CVX), San Ramon, Calif.-based integrated oil and gas titan, at one point rose almost 4 points to 126.57. It continues to etch the right side of a potential cup with handle.

The Street sees Chevron growing its earnings 114% this year to $8.10 a share, then adding 4% to $8.40 in 2019. In the past four quarters, revenue has boosted 18%, 20%, 19% and 13%.

The Bulls Return To Oil

U.S. crude oil futures soared more than 4.5% to $68.52 a barrel. Among IBD's daily ranking of 197 industry groups, oil-related groups held seven of the top 10 slots in terms of gains. Drilling, U.S. exploration and production, Canadian E&P, field services and oil and gas machinery firms rallied 2.8% as a group or higher.

See the daily performance of all 197 industry groups by going to Data Tables in the Stock Lists section of Investors.com.

Marathon Oil ( MRO), a former energy play on IBD Leaderboard, jumped more than 7% to 21.43 and erased Thursday's sharp losses. The stock is also triggering a follow-on buy point by rebounding off its 10-week moving average near 20.29.

That price level, as seen in a weekly chart, is above the integrated oil and gas firm's original breakout point of 18.76. On May 3, the stock broke out of a perfect 13-week cup with handle. To find the correct entry, add 10 cents to the highest price within the handle, or 18.66 + 10 cents.

Marathon has ended a long drought on the bottom line with earnings of 7 cents and 18 cents a share in the past two quarters. The Street is forecasting Q2 profit of 18 cents a share vs. a net loss of 24 cents in the year-ago quarter.

Revenue jumped 26%, 23% and 62% in the past three quarters.

Marathon is a classic turnaround play. Watch to see if its IBD ratings continue to improve, as seen in Stock Checkup.

Meanwhile, amid a correction in China mainland equity indexes, the hot money seems to be taking more profits in the country's streaming video firms.

Sell Or Hold?

IQiyi ( IQ), dubbed the Netflix of China, bounced hard off Friday's low, but still fell nearly 3% to 37.92.

At that price, iQiyi still carries a terrific 84% gain after thrusting past a 20.60 buy point in a narrow IPO base. Shares went public March 29 at 18 a share.

Those who have long-term conviction in the online video platform can decide to hold through the next inevitable correction. In the IPO base, iQiyi fell 23% from high to low.

Short-term traders could decide to lock in gains if the stock struggles to hold above the 10-day moving average, currently at 39.19.

Another technical price level to watch: the medium-term 50-day moving average. It's rising fast, but at 24.90 the 50-day line is still sharply lagging iQiyi's share price.

Outstanding stocks, after breaking out of sound bases, often pull back to the 50-day or 10-week moving average as some institutional investors lock in profits. But in a solid market uptrend, the 50-day line can offer a follow-on buy point.

One Of The Worst Sector Performers Friday

In the software sector, Dropbox ( DBX), Ultimate Software ( ULTI), ServiceNow ( NOW) and Salesforce.com ( CRM) all dropped 1% or more.

Dropbox fell below its prime entry of 34.93 after clearing its own IPO base last week, triggering a sell signal. The cloud-based data storage play went public in March at 21 a share.

Elsewhere, the Dow utility average rallied nearly 0.7% as the yield on the benchmark U.S. Treasury 10-year bond looks headed to finish below the critical 3% level for a fifth week in a row.

At 695, the Dow utilities still lag the key equity indexes with a 4% loss since Jan. 1.

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5. Chevron, Exxon Mobil Lead Dow Higher; Red Hat Leads Sell-Off In Software StocksПт., 22 июня[−]

Chevron ( CVX) and Exxon Mobil ( XOM)were top performers in the Dow Jones near midday Friday. Oil and gas stocks outperformed after OPEC increased output by 1 million barrels a day. Oil prices were up sharply on the news, with U.S. crude oil futures up nearly 4% to $68.08 a barrel.

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The Dow was up around 0.7%, while the S&P 500 picked up 0.4%, but weakness in software stocks and select China stocks weighed on the Nasdaq. The tech index eased 0.1%, but selling was intense in names like Zendesk ( ZEN), Pivotal Software ( PVTL) and HubSpot ( HUBS). The selling in software stocks was fueled by a weak outlook from Red Hat ( RHT) late Thursday.

Volume was mixed, tracking higher than Thursday on the NYSE and lower on the Nasdaq.

After falling 1.9% Thursday, the enterprise software group was down another 1.9% Friday. Headed into Friday, the group ranked No. 3 out of 197 groups ranked by IBD based on six-month price performance.

Meanwhile, high-octane China streaming firms took hits as iQiyi ( IQ) and Huya ( HUYA) fell sharply.

Oil Stocks On the Move

In stock market results today, several oil and gas stocks moved higher in heavy volume. Marathon Oil ( MRO) jumped 8%. It's getting support at the 50-day moving average for the first time after a breakout from a base in late April with a 53.24 entry.

Anadarko Petroleum ( APC) gapped up to a new high, rising nearly 7%.

Chevron Leads Dow

Dow component Chevron was up nearly 3% to 126. It's getting closer to a 131.18 cup-with-handle buy point. Exxon Mobil climbed nearly 3% to 81.82. It's also carving a cup-with-handle base with an 83.89 entry.

In the financial space, banks passed their stress tests, but price action in the sector was mostly lackluster. Volume, however, was heavy in Synovus Financial ( SNV) as shares rose 1%. It's holding gains after clearing a nearly six-week flat base at 53.24.

BofI Holdings ( BOFI), featured in today's New America, eased 0.4%. While widely held stocks in the financial sector like Goldman Sachs ( GS) and JPMorgan ( JPM) continue to struggle, BofI continues to show relative strength as it trades near a 43.60 entry.

Outperformers in the IBD 50 included Viper Energy Partners ( VNOM), Leaderboard name Five Below ( FIVE) and YY ( YY).

Viper Energy is getting some resistance near the 50-day moving average after plunging below the support level earlier this month.

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6. Dow Looks To Snap Losing Streak; These Top Stocks Trigger Sell SignalsПт., 22 июня[−]

The stock market turned sharply mixed early Friday, as the Dow Jones industrial average looked to snap a losing streak. Top stocks Red Hat ( RHT) and Splunk ( SPLK) triggered potential sell signals, as the stocks gave up key support levels. (For updates on this story and other market coverage, visit Stock Market Today.)

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The Dow Jones industrial average was on pace to end an eight-day losing streak, rising 0.7% in early trade. The index is below its 50-day line and above its longer-term 200-day moving average. Meanwhile, the S&P 500 rose 0.4%, while the tech-heavy Nasdaq dipped 0.1%.

Among the Dow stocks, energy names were among the day's top performers after crude oil prices jumped nearly 3%. OPEC members reportedly agreed to increased production.

Chevron ( CVX) rose almost 3%, as the stock attempted to regain its 50-day line. Shares are trading about 4% away from a cup with handle's 131.18 buy point. Exxon Mobil ( XOM) went up 2%, as it forms its own cup with handle that shows an 83.89 entry.

Among companies reporting earnings, IBD 50 stock Red Hat ( RHT) crumbled 12% after its current quarter's earnings and revenue guidance missed expectations. Shares ended Thursday below a a 167.46 flat-base entry after a breakout in early May. On Friday, the stock is triggering the 7%-8% loss-cutting sell signal, as it nears the 200-day line.

Top computer software stock Splunk ( SPLK) declined over 5% to break down through its 50-day support level in heavy volume. Shares are hitting the 7%-8% loss-cutting level from a 112.76 buy point.

Inside The IBD 50, Leaderboard Stocks

Among the top growth stocks, Leaderboard stock Five Below ( FIVE) rose about 1.5%, as it trades tightly near its highs. Shares surged almost 22% on June 7 after the company reported strong earnings results. The stock is up nearly 30% from the 78.38 flat-base entry.

On the downside, Atlassian ( TEAM) dropped 3.5%, as it approaches its 50-day line.

Recent breakout Dropbox ( DBX) continued its recent losing streak with an over-2% decline. Shares are nearly 20% off their high in just four trading sessions. The stock is just above a 34.93 buy point.

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The post Dow Looks To Snap Losing Streak; These Top Stocks Trigger Sell Signals appeared first on Investor's Business Daily.


7. Stocks Pop: Exxon, Chevron Drive Dow; Oil Surges As OPEC MeetsПт., 22 июня[−]

Stocks vaulted higher at Friday's open, as the Dow aimed to snap an eight-session losing streak and oil prices surged on reports that OPEC ministers had agreed to a moderate boost to oil supplies.

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Early trade received lift from early news reports that some White House officials were pressing for negotiations with China ahead of the July 6 launch of U.S. tariffs on Chinese goods. Chevron ( CVX) and Exxon Mobil ( XOM) staked out big early leads on the Dow, up 2.4% and 1.8%, respectively.

The Dow Jones industrial average climbed 0.6% out of the starting gate. The S&P 500 took a 0.4% gain at the open. The Nasdaq Composite held to a 0.1% advance, as Adobe Systems ( ADBE) and Autodesk ( ADSK) dragged on early trade. CarMax ( KMX) spiked to the top of the S&P 500, but oil-related stocks held eight of the index's top 10 gains.

The Dow started trade Friday down 2.5% for the week after an eight-session decline. The index ended Thursday about 1% below its 50-day line of support, and a little more than 2% off the 25,000 mark. The Dow has not posted nine consecutive declines since at least 1988.

Earnings News: CarMax Spikes; Smart Global, Red Hat Tumble

Red Hat ( RHT) tumbled, Carmax and Commercial Metals ( CMC) spiked after reporting quarterly results.

CarMax surged nearly 11% after its first-quarter sales and earnings comfortably topped expectations, and comparable store sales declined much less than forecast. The gain lifted the stock 3% above a 76.36 buy point in an eight-month cup-with-handle base.

Red Hat dived 13% in early trade. The developer of open-source operating systems reported above-forecast fiscal first-quarter results late Thursday. But its earnings and revenue outlook for the second quarter fell short of consensus views. The stock ended Thursday down 5% for the week, back below a 167.46 flat base buy point and testing support at its 10-week moving average.

Smart Global ( SGH) collapsed 9% at the open. The computer memory components supplier topped analysts' expectations in its fiscal third-quarter results, but just met fourth-quarter earnings targets. The computer memory and data storage subsystems leader was down more than 5% for the week at Thursday's closing bell.

Commercial Metals vaulted 3.4% higher, despite missing analyst earnings and revenue estimates in its fiscal third-quarter report late Thursday. The stock triggered the automatic sell rule, after clearing a cup-with-handle buy point on May 31.

Oil Surges As OPEC Trims Output Boost

The Organization of Petroleum Exporting Countries reportedly agreed to a 600,000 barrel-per-day production increase. The meeting in Vienna included Russia and other non-OPEC partners. The increase was well below the possible 1 million barrel-per-day target floated earlier by Saudi's oil minister, and just above the 500,000 bpd level that analyst considered bullish for oil markets.

Brent crude vaulted 2.7%, West Texas Intermediate swung 3.2% higher early Friday. The gains pushed Brent above $75 per barrel. WTI trade well above $67.

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8. Stocks Close Lower As Dow Jones Makes This Dubious MarkЧт., 21 июня[−]

The major indexes closed lower Thursday, with the Dow Jones industrial average extending its losing streak to eight days — the longest in more than a year.

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The Dow lost 0.8% and matched its worst losing streak since March 16-27, 2017. The S&P 500 fell 0.6% and the Nasdaq composite 0.9%. The small-cap Russell 2000 lost a milder 1%.

Indexes wiped away partial recoveries and sold off for most of the afternoon. Volume was nearly unchanged from Wednesday's totals, according to early figures. Decliners led advancers by 12-to-5 on the NYSE and by 13-to-5 on the Nasdaq.

Intel ( INTC) was one of the weakest Dow components, down 2.4%, after CEO Brian Krzanich resigned following an investigation that revealed he had an improper relationship with an employee. Chief Financial Officer Robert Swan was named interim CEO. Intel shares closed below the 50-day moving average for the fourth day in row.

Chevron ( CVX), Caterpillar ( CAT), United Technologies ( UTX) and Boeing ( BA) also lagged in the Dow.

The internet retail industry group fell 2.4% after the U.S. Supreme Court ruled that states can force online retailers to collect sales taxes, even if those companies have no physical presence in those states. Brick and mortar retailers — who argued the law left them at a disadvantage vs. e-retailers — cheered the decision.

Amazon.com ( AMZN), which already collects sales taxes, was off 1.1%. Wayfair ( W), the defendant in the Supreme Court case, plunged as much as 9.5% before paring its loss to just 1.6%. Etsy ( ETSY), a member of IBD Leaderboard, fell 1.2% in a volatile session.

Energy Sector Lower

Energy stocks also were broadly lower. The price of U.S. crude was little changed at $65.54 a barrel. Major oil producers are meeting Friday to discuss a possible increase to their production goals.

The supermarket industry group led Thursday, and it wasn't just a defensive play.

Kroger ( KR) gapped up to a 10% gain after the supermarket operator posted earnings growth of 7% to 62 cents a share on a 2% rise in sales to $36.97 billion. Online sales jumped 66%. Kroger also raised the low end of its adjusted EPS guidance. The stock is forming the right side of a cup-type base.

Darden Restaurants ( DRI) broke out of a base, soaring past a 100.21 buy point. The company reported that earnings grew 18% to $1.39 a share as revenue rose 10% to $2.13 billion. Same-store sales grew 2.2% for the parent of Olive Garden, LongHorn Steakhouse, Yard House and other restaurants.

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The post Stocks Close Lower As Dow Jones Makes This Dubious Mark appeared first on Investor's Business Daily.


9. Stocks Fall Broadly, But New York Times Breaks Out; Time To Take Profits In iQiyi?Чт., 21 июня[−]

Sellers still held the upper hand in stocks today as the Nasdaq composite and the Dow Jones industrial average fell between 0.6% and 0.7%. At 3 p.m. ET, the S&P 500 dropped 0.5% and is poised to make its first weekly loss after rising four weeks in a row. But New York Times defied the sell-off with a new breakout.

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Hot new China IPO iQiyi ( IQ), meanwhile, sold off sharply. The video streaming firm fell more than 10% to 39.51, showing its biggest single-session point loss since breaking out of a narrow IPO base at 20.60.

When stocks have made many months of gains and are in a climax run, that would be a sell signal. IQiyi's advance doesn't quite fit that profile, but its slide today is reason to take at least some profits in an offense-minded way.

IQiyi also gave short-term traders a potential sell signal after the stock dipped below its 10-day moving average near 38.78 for the first time since its breakout. At one point, iQiyi fell as much as 14.5% to a session low of 37.80. You can see the 10-day moving average as a thin green line on a Leaderboard chart.

Among fast-rising growth stocks, the 10-day line often acts as a better indicator of when a leader is ready to take a pause. When a stock has risen more than 10% from a proper buy point, then sharply undercuts the 10-day moving average, it can act as a timely sell signal for short-term traders.

The small-cap S&P 600 did slightly worse than the major averages, falling roughly 0.8%. But at 1044, the S&P 600 continues to outmatch the S&P 500 in year-to-date gains, up 11.5% vs. a 3% advance since Jan. 1 for the large-cap benchmark.

With less than hour to go in stocks today, volume is running a touch lower on the Nasdaq vs. the same time on Wednesday and roughly 5% lower on the NYSE.

A Media Empire At 52-Week Highs

One small cap in the media space broke out. New York Times ( NYT) rallied nearly 5% to hit a high of 26.50. Shares cleared a four-month flat base, a key chart pattern for growth stock investors, at 25.80 in average trade. The permissible buy zone goes up to 27.09.

Buying too far extended in price puts an investor at higher risk of being shaken out during a normal pullback by the stock after it breaks out.

According to IBD Stock Checkup, NYT's Composite Rating has improved to a respectable 86 on a scale of 1 to 99. Plus, that score is tops within the Media-Newspapers industry group. The next best company is New Media Investment Group ( NEWM), owning a mediocre 71 Composite score.

NYT logged an 8% increase in the top line to $1.68 billion in 2017. That marked only the second time in at least nine years that the company's sales increased on a year-over-year basis. More recently, NYT has shown a big turnaround in earnings.

Profits grew 64%, 117%, 30% and 70% vs. year-ago levels in the past four quarters. Easy comparisons helped the cause. Revenue grew 9%, 6%, 10% and 4% over the same time frame. That falls well short of the C factor in IBD's CAN SLIM seven-point investment paradigm. The best stocks tend to show earnings and sales increases of 25% or higher in recent quarters.

Another New Breakout In The Newspapers Group

New Media Investment recently broke out of a 10-week flat base with an 18.05 buy point. At 18.82, the small cap is 4% past that correct entry, or still within the proper buy zone.

New Media has grown revenue by 18% and 11% in the prior two quarters, the biggest gains since the first quarter of 2016.

Retail internet companies got thumped after the U.S. Supreme Court ruled that states have broad authority to enforce the collection of sales taxes by online retail companies doing business in their jurisdiction. Stamps.com ( STMP) slid more than 11% in quadruple normal share turnover and briefly undercut its 50-day moving average.

Leaderboard name Etsy ( ETSY), the global online marketplace for arts and crafts entrepreneurs, hit a new high of 45.88 but reversed to a 1.6% decline. Volume is running twice its 50-day average.

Big declines in heavier than normal volume are a telltale sign of pronounced institutional selling.

Etsy, which holds a top-notch 99 Composite Rating, has already rallied more than 45% since vaulting off its 50-day moving average near 29.18 in late May.

Shares are also up more than 108% since clearing a cup without handle at 21.96 on Feb. 21, one week after the market staged a Day 4 follow-through and signaled a new market uptrend was possibly in play.

Downshifting

The automaker group fared among the 10 worst performers in IBD's daily ranking of 197 industry groups.

Ferrari ( RACE) gapped lower at the open and skidded 2%. At 140.32, the maker of luxury sports cars is now slightly below a 141.66 buy point in a five-week flat base.

Tesla ( TSLA) fell nearly 3% but is still finding a floor of potential support at the 350 level. Shares of the electric-vehicle pioneer continue to sail well past its rising 50-day moving average, which has recently risen back above 300.

The stock continues to work on a large first-stage base.

While the Street sees the company losing $6.82 a share this year, it also expects Tesla to turn a profit of $2.52 a share in 2019.

In other financial markets, investors bought back long-dated U.S. Treasuries. The yield on the benchmark 10-year bond fell 3 basis points to 2.90%.

Ahead of the OPEC meeting on Friday in Vienna, Austria, WTI crude oil futures edged 0.1% lower to $65.62 a barrel. Prices have sunk 9% from a May 21 peak of $72.24.

(Please follow Saito-Chung on Twitter at @IBD_DChung for more analysis of stocks, breakouts, sell signals, and financial markets.)

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The post Stocks Fall Broadly, But New York Times Breaks Out; Time To Take Profits In iQiyi? appeared first on Investor's Business Daily.


10. Stock Market Turns Lower; Supreme Court Ruling Hits Internet RetailersЧт., 21 июня[−]

The stock market opened mixed and mostly unchanged early Thursday, but sellers quickly took charge during the first 90 minutes of trading. The Dow Jones industrial average undercut its 50-day moving average, falling nearly 0.7%, as Intel ( INTC), Chevron ( CVX), Caterpillar ( CAT) and General Electric ( GE) lagged.

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Shares of Intel lost nearly 2% on news CEO Brian Krzanich is stepping down due to an inappropriate relationship with an employee. Chevron also fell more than 1% as oil prices fell ahead of Friday's widely anticipated OPEC meeting. U.S. crude oil futures were off lows but still lost 0.4% to $65.42 a barrel.

In stock market results today, several e-commerce firms were under pressure after the Supreme Court ruled that states can require online retailers to collect sales tax. But whether that will hurt online sales remains to be seen. Among internet retailers, Etsy ( ETSY), Wayfair ( W) and Stamps.com ( STMP) showed losses of 2% to 3%.

But Avalara ( AVLR) was a big winner thanks to the ruling. Shares soared 17% to 50.21, good for a new high. The cloud-based software firm's specialty is tax compliance. It went public last week at 24.

The Nasdaq composite and the S&P 500 both lost around 0.3%. Small caps lagged with the Russell 2000 down 0.6%.

Among Nasdaq 100 gainers, 21st Century Fox ( FOX) was a top performer on speculation that Comcast ( CMCSA) could come in with an even higher bid than Disney's ( DIS) $71.3 billion bid earlier in the week.

Other gainers included Darden Restaurants ( DRI). Shares gapped out of a consolidation, rising more than 12% to 104.81 on strong earnings. The conventional entry was 100.21. Volume is running more than seven times usual levels.

Other earnings winners included Micron Technology ( MU) and Kroger ( KR). Shares of Micron were up 2%, while Kroger jumped 10%. Micron's report allayed concerns about softness in memory chip prices, while Wall Street focused on a 66% jump in online sales at Kroger.

Most IBD 50 names were lower, but Leaderboard name Five Below ( FIVE) and PayPal ( PYPL), No. 46 in the IBD 50, bucked the trend with gains of around 1%.

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11. Dow Stumbles Below Key Support Level; Chip Giant CEO ResignsЧт., 21 июня[−]

The stock market was broadly lower Thursday, as the Dow Jones industrial average stumbled about 0.7%. Leading chipmaker Intel ( INTC) fell after the resignation of its CEO, while top stock Micron Technology ( MU) announced its quarterly results. (For updates on this story and other market coverage, visit Stock Market Today.)

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The Dow Jones industrial average declined 0.7%, as the index looked to extend a losing streak to seven trading sessions. The Dow is struggling to maintain its 50-day support level. The S&P 500 and the tech-heavy Nasdaq dipped 0.4% apiece.

Among the Dow stocks, Intel reversed over 1% lower after the company guided its Q2 adjusted EPS above estimates at 99 cents vs. estimates of 85 cents. Meanwhile, Intel CEO Brian Krzanich resigned after violating company policy. CFO Robert Swan was named as the Interim CEO.

On the upside, Apple ( AAPL) rose 0.4%, as it looked to continue its recent rebound from the 50-day line.

Among companies reporting earnings, IBD 50 stock Micron Technology rose just 1% after the memory-chip maker provided positive guidance and beat its fiscal Q3 earnings estimates. The stock is about 6% away from a high handle's 64.76 buy point.

Grocery store chain Kroger ( KR) advanced nearly 10% after its earnings and sales topped the Street's estimates. The stock is shaping the right side of a new base formation.

After the market close, Red Hat ( RHT) is expected to earn 49 cents per share on revenues of $807 million. Shares are trading just above a 167.46 flat-base entry after a breakout in early May. The stock dipped 1% early Thursday and are just above the 50-day line.

Inside The IBD 50 Stocks

Among the top growth stocks, Floor & Decor ( FND) looked to extend a losing streak to four trading sessions Thursday, as the stock fell over 3%. Shares are below their 50-day line. The stock will likely add a handle to its current cup-base formation, but the recent action hasn't been very constructive.

Meanwhile, Alibaba ( BABA) dropped nearly 2%, but remains just above a 201.60 double-bottom entry. After rising as much as 5% from the entry, shares are about 0.5% above that level.

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The post Dow Stumbles Below Key Support Level; Chip Giant CEO Resigns appeared first on Investor's Business Daily.


12. Stocks Mixed After China Sell-Off; Oil Dives; Intel CEO OustedЧт., 21 июня[−]

Stocks staged an uneven open Thursday, fighting to resist sliding oil prices and heavy selling begun in China in response to tremors in the U.S.-China trade standoff.

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Intel ( INTC) quickly pared losses, recovering after chairman and chief executive Brian Krzanich was forced to resign following an investigation into a relationship with a company employee. Darden Restaurants ( DRI) and grocery chain Kroger ( KR) spiked on quarterly results. Bellwether chipmaker Micron Technology ( MU) also jumped on earnings news, triggering an early rally among chip-gear makers including Applied Materials ( AMAT) and Lam Research ( LRCX).

The Dow Jones industrial average dropped 0.3% at the open. Verizon ( VZ) posted the Dow's strongest early move. Intel, Boeing ( BA) and Caterpillar ( CAT) slumped to the bottom of the list.

The S&P 500 wrestled against narrow losses. Darden, Kroger and Micron topped the index.

At the same time, the Nasdaq Composite added 0.2%, stubbornly driving to another new high. Chip and memory names led by Micron and Western Digital ( WDC) held the index's top four positions.

The Dow on Wednesday added a seventh decline to its longest pullback since March 2017, drilling further below the 25,000 level, while still narrowly holding support at its 50-day moving average. Meanwhile, the Nasdaq continues to work on a fifth-straight weekly advance, its best string of gains since November. The S&P 500 heads into Thursday's session down 0.4% for the week, but still comfortably above 50-day support.

Meanwhile, the small cap gauges continue to be the standouts. The Russell 2000 and S&P Small Cap 600 are banging out new highs as they each work on an eighth straight up week — their longest rallies in nearly five years. The contrast with the Dow suggests institutional investors are rotating out of blue chips and into small caps.

Global Markets: China, Europe Tumble; Japan Mixed

Stocks in China sold off hard on continued trade fears, as a commerce ministry spokesman said China was "fully prepared" to retaliate for any new sanctions imposed by the U.S. India followed the lead of China and the European Union, hoisting tariffs in response to trade barriers raised by the U.S.

Investors reacted by sending the Shanghai Composite and Hong Kong's Hang Seng index each to losses of 1.4%. Japan diluted the sell-off, with Tokyo's Nikkei 225 gaining 0.6% and the broader Topix Index dipping 0.1%.

In Europe, markets veered lower in afternoon trade. London's FTSE 100 skidded 0.5% lower. Frankfurt's DAX tumbled 0.8%, The CAC-40 in Paris fell 0.4%.

On The Dow: Verizon Upgraded; Nike Downgrade; Intel Recovers

Verizon led the Dow, jumping 1.5% after Goldman Sachs upgraded the stock to buy, from neutral. The note said telecom shares had been hurt by "M&A uncertainty and rising interest rates," among other factors. Goldman also upgraded Charter Communications ( CHTR), and said both were "positioned as long-term leaders in broadband and 5G."

Goldman raised Verizon's price target to 56, from 51. It lifted Charter's price target to 361, from 315. Verizon's stock is trading below long-term support in a four-month correction. Charter shares rose 2.1% in premarket trade.

Intel dived 2% at the open, but quickly trimmed losses to less than 1%. The company said chief financial officer Robert Swan would take over CEO duties on an interim basis, effective immediately. In addition, the company increased ts second quarter sales and earnings guidance. Earnings are now guided to 99 cents per shares, with revenue targeted at $16.9 billion. Intel shares have been struggling since Monday to regain support at their 50-day moving average.

Nike pared its early 1% loss to a fraction, after UBS downgraded the stock to neutral, from buy. However, the report also notched up Nike's price target to 78, from 76. The note base the downgrade on valuation, saying that Nike held the "number one mindshare" with global consumers, and that it was getting U.S. promotions and inventories under control. Nike shares were trading just off their June 15 high on Wednesday, extended above a 70.45 buy point in a flat base.

Micron, Darden, Kroger Spike On Earnings

Micron Technology sparked 1.6% higher after narrowly clearing fiscal third-quarter analyst targets. But Micron's healthy outlook on pricing and above-forecast fourth-quarter earnings guidance cheered chip-sector investors. Micron shares ended Wednesday not quite 10% below a 64.76 buy point in a cup-with-handle base.

Darden Restaurants, owner of the Olive Garden and Longhorn Steakhouse chains, served up a 10% gain. The company's fiscal fourth-quarter earnings topped views, and revenue growth was in line with expectations. Management boosted the quarterly dividend by 19%, and added $500 million to its stock repurchase program. Shares are building the right side of a six-month base pattern.

Kroger launched 12% higher just after earnings and revenue growth easily cleared forecasts in its first-quarter report. The stock ended Wednesday up 15% from a March low, attempting to climb the right side of a possible base pattern.

Oil Prices, Philly Fed Index Dive; Jobless Claims Steady

Oil prices slumped ahead of Friday's meeting of the Organization of Petroleum Exporting Countries and other partners, including Russia. Europe's Brent crude dived almost 2%. U.S. benchmark West Texas Intermediate crude dropped 1%, holding near the $65 per barrel level ahead of the OPEC meeting. Saudi Arabia and Russia are expected to lobby for an easing of the production caps that have helped support oil prices for nearly two years.

First-time unemployment claims were flat at 218,000 in the week ended June 16, the Labor Department said. That was below economist forecasts for an uptick to 220,000 claims. The four-week moving average eased to 221,000, from 225,000.

Mid-Atlantic region manufacturing slowed sharply in June, trimming the Philadelphia Federal Reserve's Manufacturing Business Outlook Survey to 19.9, vs. a 34.4 reading for May. Consensus views expected a mild pullback, to 28. The new orders index fell 23 points and backlogs diminished, the report said. Six-month outlooks among executives "continued to moderate, but remained positive overall."

The Federal Housing Finance Agency's April Housing Price Index edged up 0.1%, stopping well short of expectations for a 0.5% gain.

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13. Dow Jones Futures Reverse Lower: Micron Earnings Lift These 5 Memory-Chip PlaysЧт., 21 июня[−]

Dow Jones futures erased overnight gains to indicate a lower open, along with S&P 500 futures, amid China trade war fears and a looming OPEC meeting. Nasdaq futures edged higher. Micron Technology ( MU) reported strong earnings and guidance. Micron's shares, near a buy point, rallied overnight. So did memory-chip plays Lam Research ( LRCX), Applied Materials ( AMAT) and Smart Global Holdings ( SGH).

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Dow Jones-Nasdaq Composite Split Continues

During Wednesday's session, the Nasdaq composite rose 0.7%, hitting a record high. The S&P 500 index edged up 0.2%. The Dow Jones sank 0.2%, its seventh straight decline, but once again found support at its 50-day moving average.

Dow Jones Futures Today

Dow Jones futures fell 0.25% vs. fair value in active trade, after trading up as much as 0.4% late Wednesday. S&P 500 futures dipped 0.1%.

Nasdaq 100 futures turned fractionally above fair value, reversing slim losses, but after rising 0.7% or more overnight. Along with Micron and memory stocks, tech titans such as Netflix ( NFLX) and Apple ( AAPL) were up in the premarket.

Crude oil futures fell amid signs that OPEC and Russia may agree to a production hike at a Friday meeting. Iran, which had opposed any increase, late Wednesday signaled a willingness to back a modest increase.

Micron Earnings Strong

Micron earned $3.15 a share in its fiscal third quarter, up 94% vs. a year earlier. Sales rose 40% to $7.8 billion. Analysts expected EPS of $3.12 on sales of $7.75 billion, according to Zacks Investment Research. Keep in mind that Micron raised earnings targets and announced a big buyback less than a month ago.

Micron Stock Rallies On Guidance

In initial after-hours action, Micron traded slightly lower. But then the memory-chip giant forecast Q4 EPS of $3.23-3.37 on revenue of $8 billion to $8.4 billion. That's much better than the Zacks estimates for $3.11 and $7.827 billion. Micron also gave generally upbeat comments on memory-chip pricing.

Micron stock rebounded, rising 4.8% to 61.77 early Thursday.

On Wednesday, Micron rose to 61.12 intraday but reversed to close down 0.5% at 58.95. Micron stock is working on a high-handle buy point of 64.76 within a cup base. Micron soared to an 18-year high in May but then pulled back.

If Micron continues basing for a few more sessions, that high handle could become a flat base. The buy point would remain the same.

Memory-Chip Stocks Rise

Western Digital, which sells flash memory via its SanDisk acquisition, rose 1.7% early Thursday. Chip gear makers Lam Research and Applied Materials, which are heavily exposed to the memory market, climbed 1.9% and 1.6%, respectively. Western Digital, Lam Research and Applied Materials are well off highs.

Smart Global Earnings Due

The May 2017 IPO stock reports after Thursday's close. Analysts expect the specialty memory and storage product maker to report a 60% revenue rise to $332 million. Earnings should more than triple to $1.70 a share vs. 54 cents a year earlier.

Smart Global stock hit 56.69 on March 29, up 415% from its IPO price of 11. But shares reversed lower and are currently struggling to get above their 50-day moving average.

The stock was not yet active Thursday, but rose 1.9% in late trading after closing down 1.65% to 40.65.

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14. Stock Futures Rise: Will The Dow Break This 30-Year Record?Чт., 21 июня[−]

Stock futures shed their early losses and climbed in premarket trade Friday. Markets braced for a crucial OPEC meeting, as the Dow sought to avoid its longest losing streak in decades.

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In premarket trading, Red Hat ( RHT) tanked and Smart Global ( SGH) was steady following their quarterly reports. Coca-Cola ( KO) and Chevron ( CVX) led the rebound among Dow issues, and Amazon.com ( AMZN) was unfazed following news of a management shake-up.

Nasdaq 100 futures swung 0.3% above fair value. S&P 500 and Dow Jones futures climbed 0.5%.

Dow Losing Streak Nears Record

Thursday's considerable losses in rising trade left the Dow with an eighth straight decline, below its 50-day moving average and down 2.5% so far for the week. The Dow's losing streak now matches that logged in March of 2017. The Dow has not posted nine consecutive losses since at least 1988.

The Nasdaq slipped 0.4% through Thursday, and the S&P 500 fell 1.1%. Both are on track for their first weekly drops in five weeks.

OPEC, Oil Prices Focal Points For Friday

Oil prices were volatile ahead of the closely watched meeting of the Organization of Petroleum Exporting Countries. OPEC and partners, including Russia, to discuss production strategy. Prices reversed higher, with Brent crude up 1.6% to $74.25 per barrel and West Texas intermediate rising 1.3% and trading above $66 a barrel. Prices rose despite reports that Iran had softened its opposition to an agreement to increase production, making a boost in oil supply more likely.

Much like the central banks that stimulated their economies through buying bonds and holding down interest rates, OPEC and Russia agreed in November 2016 to reduce oil output to bolster glut-weakened oil prices. The strategy was effective and, like the central banks that have gradually tapered their stimulus programs, OPEC appears set to release the cap on its production.

How quickly they might do that is the question global energy and financial markets are asking. An analyst quoted by the Houston Chronicle said that a production increase of less than 500,000 barrels a day would be bullish for the oil market. The Saudis have recommended a 600,000-barrel-per-day boost. Some industry watchers are looking for a hike nearer to 1 million barrels per day.

U.S. domestic oil markets have not valued in much of a change. After an 11-month, 73% run-up to nearly $73 a barrel, WTI prices have only backed off 9% from their high in May.

Red Hat Dives, Smart Global Slips

Energy investors grew very nervous Thursday, sending shale producers Noble ( NE), Marathon Oil ( MRO), RSP Permian ( RSPP) and Callon Petroleum ( CPE) down more than 5%. On the Dow, Chevron ( CVX) carved a 2.2% loss. Oil industry names posted three of the five widest losses among S&P 500 stocks.

In earnings news, Red Hat dived more than 13% on weak second-quarter guidance. The stock was up 48% for the year through its peak on June 14, having found support multiple times at the 50-day moving average.

Smart Global shed early losses and rose 0.1%. The computer memory and data storage subsystems maker topped expectations for its fiscal third quarter. But fourth-quarter guidance was mixed. The stock ended Thursday's session up 262% from its May 2017 IPO price.

Amazon Shakes Up Marketplace Management

Among FANG stocks, Amazon.com reversed an early loss and rose 0.3% ,as investors showed only a mild reaction to new reports of a second shake-up in the company's marketplace operation. Peter Faricy, vice president of Amazon Marketplace, was reportedly stripped of authority. Retail group head Doug Herrington had reportedly taken over much of Faricy's role. In March, Marketplace Senior Vice President Sebastian Gunnigham resigned and joined WeWork.

Amazon Marketplace, a third party e-commerce facilitator, reportedly accounts for over half of Amazon's e-commerce volume.

Amazon fell 1.1% Thursday after a Supreme Court ruling came down that could increase taxes required from Amazon customers in some states. Amazon shares are extended, up 7% since clearing a late-stage base in April with a 1,617.64 buy point.

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15. Stocks Mainly Higher As Nasdaq, Small Caps Make Record Highs; Will Alphabet's Breakout Fizzle?Ср., 20 июня[−]

Stocks closed higher Wednesday, with the Nasdaq composite and small caps reaffirming their leadership with record highs.

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The Nasdaq added 0.7%, climbing to a new high after two days in which the composite displayed composure by erasing all or most of its session losses. The Nasdaq now has a year-to-date gain of nearly 13%, rivaling the outstanding advance it had at the same time last year.

Two major Nasdaq components stood out: Alphabet ( GOOGL) and Netflix ( NFLX).

Netflix added nearly 3% to a new high. The video streaming company has reached a 20% gain from its breakout at 338.92 in four weeks. Alphabet, the parent of Google, rose past the 1197 entry of a new base, but the stock closed below the buy point. Still, Alphabet remains above the 1,161.20 buy point of a handle in its pattern.

The Russell 2000 made it four gains in a row and also made an all-time high. The small-cap bench mark rose 0.8%.

The S&P 500 added 0.2% and closed off session highs. The index gapped up at the open and filled that gap before resuming its advance.

The Dow Jones industrial average struggled, down 0.2% on the day. The majority of Dow components fell despite broad strength in the market, although no single component fell more than 2.5%. The Dow is trying to hold above its 50-day moving average, where it rebounded in late May.

Volume rose on the Nasdaq and fell on the NYSE, according to preliminary figures. Advancers led decliners by 8-to-5 on the NYSE and by 9-to-5 on the Nasdaq.

Drugstores were one of Wednesday's top industry groups, thanks to a 5% surge for Walgreens Boots Alliance ( WBA). The retailer late Tuesday was named to replace General Electric ( GE) in the Dow 30. GE shares, depressed for months, fell less than 1%.

Energy shares also led, after the price of U.S. crude rose 1.2% to $65.70 a barrel. Oil prices have been searching for direction in the past several days, ahead of a meeting of major oil producing countries on output targets.

In other stocks of note Wednesday, Western Union ( WU) broke out of a cup-with-handle base with a 21.27 buy point.

TPI Composites ( TPIC) soared above the 28.24 buy point of a base-on-base pattern in big volume. UBS raised the target price to 31 from 23 and upgraded the stock to buy from neutral. The relative strength line made a new high as well. TPI makes blades for wind-power turbines.

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16. Nasdaq Up; Alphabet, PayPal Accomplish What Most Dow Jones Stocks Are Failing To DoСр., 20 июня[−]

The Nasdaq composite led the upside in stocks today, rising nearly 1% and wiping away the prior day's 0.3% decline. Meanwhile, Google owner Alphabet and PayPal are staging new breakouts, providing growth investors a set of new proper entry points.

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Alphabet ( GOOGL) rose nearly 2% to 1,199.90, clearing a 1,178.26 buy point in a 4-1/2-month double bottom. This is one of the eight key chart patterns that IBD identifies as platforms in which leading stocks jump off and rise into new highs.

The 5% buy zone for Alphabet goes up to 1,237.17.

As noted in this earlier Stock Market Today column, Alphabet also formed a nice seven-day handle on the double-bottom pattern. This provided a slightly lower entry point at 1,161.20.

PayPal ( PYPL), noted in today's new IBD Stock of the Day column, rallied 2% to 86.14 and is still in buy range after clearing an 84.09 buy point in its double-bottom base.

In a double bottom, a stock suffers two major sell-offs. The second sell-off must be deeper than the first one. In other words, PayPal's low of 70.22 undercut the first low of 71.63. That's good. It means that a strong shakeout of weak holders has occurred.

The Nasdaq got as high as 7794, good for a new all-time high. The tech-rich composite has now extended its year-to-date gain to 12.9%.

The S&P 500 rose 0.4% on the strength of RV maker, drugstore chain, computer networking, movie, department store and medical software companies. The small-cap S&P 600 jumped nearly 0.7%.

Volume is rising vs. the same time on Tuesday on the Nasdaq and falling on the NYSE.

Veeva Systems ( VEEV), a member of IBD Leaderboard and specialist in business software for Big Pharma and biotech firms, moved more than 1.5% higher to 84.63 and new highs.

As noted in Leaderboard, the stock had cleared a 78.38 buy point in a flat base on May 14. Shares are now up nearly 8%.

Homebuilder, coal, diversified operations, fertilizer and soap stocks, however, fell 0.6% or more and weighed on the S&P 500.

The Dow Jones industrial average, which lost nearly 1.2% on Tuesday, traded virtually flat. The popular 30-stock average is trying to cling to its key 50-day moving average.

Walgreens Boots Alliance ( WBA), which is replacing General Electric ( GE) in the Dow Jones industrials, is nowhere near a potential breakout to new highs. The stock jumped more than 5% to 67.74 in heavy trade but is more than 19% below 52-week highs. Walgreens also trades beneath its downward-sloping 200-day moving average, a sign of underperformance.

PayPal's IBD Ratings

As seen in IBD Stock Checkup, the next-generation payment provider sports a strong Composite Rating of 97 on a scale of 1 to 99. This means that in terms of fundamentals, stock price strength and depth of fund sponsorship, PayPal is superior to 97% of all companies in IBD's database.

Walgreens, in contrast, holds a lowly 38 Composite. Shares also trade more than 30% below an August 2015 all-time high of 97.30. Watch to see if Walgreens' ratings improve over time.

One thing going for the Deerfield, Ill., company: steady profit gains.

Earnings per share have risen 7%, 4%, 13%, 22%, 16% and 27% vs. year-ago levels in the past six quarters. The Street sees earnings rising 17% in fiscal 2018, ending in August.

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17. Top Tech Stocks Lead Market Rally; Netflix, Facebook Pace FANG GainsСр., 20 июня[−]

Top tech stocks were in the driver's seat just after midday Wednesday as FANG stocks Facebook ( FB) and Netflix ( NFLX) hit new highs.

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The Nasdaq composite was up 0.9% in early afternoon trade. It hit an all-time high on an intraday basis. The Nasdaq 100 rose by the same amount, helped by strength in 21st Century Fox ( FOX). Shares jumped 6% after it agreed to a sweetened $71.3 billion bid from Walt Disney ( DIS). Last week, Comcast ( CMCSA) offered $65 billion. Disney shares lost early gains to trade fractionally lower at 106.03.

The S&P 500 edged higher by 0.4%, while the Dow Jones industrial average lagged was mostly flat. General Electric ( GE) weighed on the blue-chip index. Shares fell close to 1% on news that it's leaving the index. Walgreens Boots Alliance ( WBA) will join the Dow on June 26. Shares of Walgreens jumped nearly 5%.

In stock market results today, Starbucks ( SBUX) took a hit, falling 8.5%, after the company forecast sluggish sales and announced plans to close more than 100 stores.

Inside the IBD 50, biotech Supernus Pharmaceuticals ( SUPN) outperformed, rising 3% to 57.05. It's working on a flat base with a 59.15 entry.

RV makers outperformed thanks to a decent earnings report from Winnebago Industries ( WGO) late Tuesday. Winnebago gapped up bullishly above the 200-day moving average. Shares were up more than 10%, but at 21% off its high Winnebago could face overhead supply as it tries to work its way higher. Overhead supply is selling pressure that arises from those who bought on the way down. If Winnebago continues to rally, investors sitting on a loss might sell to break even on their investment.

Top Tech Stocks: Micron Set To Report

Micron Technology ( MU) picked up 0.4% and is well off session highs. Earnings are due after the close. Micron recently flashed a sell signal from a 63.52 buy point, but its chart is still intact. Micron was featured as a possible earnings option trade in the latest Earnings Preview column. A call option with a 60 strike price recently came with a reasonably priced premium of $2.10, presenting a trade with limited downside risk of 3.5%.

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18. Nasdaq Leads In Mixed Trade; This Top Stock To Report After The CloseСр., 20 июня[−]

The stock market's early rally turned to mixed trade Wednesday, as stocks looked to recover from Tuesday's sharp sell-off. FANG stocks Netflix ( NFLX) and Facebook ( FB) surged to all-time highs in morning trade. Late Wednesday, top stock Micron Technology ( MU) will announce its quarterly results. (For updates on this story and other market coverage, visit Stock Market Today.)

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The Dow Jones industrial average struggled to hold in positive territory, while the S&P 500 rose 0.2%. The tech-heavy Nasdaq advanced 0.6%, as it hit a record high.

Among the Dow stocks, Walt Disney ( DIS) led the way with an over-1% gain after the company raised its bid for 21st Century Fox's ( FOXA) entertainment assets. Shares are moving up the right side of a potential base formation.

Boeing ( BA) advanced almost 1%, as the airplane maker attempted to recover from Tuesday's near-4% fall. The stock broke down through its 50-day support level and triggered the 7%-8% loss-cutting sell signal from a cup with handle's 365.10 entry.

Among companies reporting earnings, shipping giant FedEx ( FDX) fell over 2% after beating top- and bottom-line estimates late Tuesday. Shares are about 7% away from a consolidation's 74.76 buy point. A potential handle could be developing that could mature as early as the end of this week. A proper handle requires at least one down week. If a handle forms, the risk-optimal entry would lower to 266.77.

RV-maker Winnebago ( WGO) soared 10% after reporting better-than-expected fiscal Q3 results early Wednesday. The stock is trying to surpass its long-term 200-day moving average line. Shares are advancing up the right side of a deep base.

Meanwhile, after the market close, IBD 50 stock Micron Technology will report its quarterly earnings results. The maker of memory chips is expected to earn $3.14 per share on revenue of $7.7 billion. Shares are trading about 8% away from a potential 64.76 cup-with-handle entry. The stock rose 1% in morning trade.

Starbucks ( SBUX) slid 6% after the company said it would close 150 stores in 2019 and reduced its fiscal-year 2018 earnings guidance. Shares are hitting new multimonth low prices.

Among the FANG stocks, Netflix surged almost 2% to a fresh all-time high. The stock is in the 20%-25% profit-taking level from a flat base's 338.92 buy point. Meanwhile, Facebook also hit an all-time high with a near-2% rise. Shares are now extended from a 188.42 cup-with-handle buy point.

Inside The IBD 50 Stocks

Among the top growth stocks, Palo Alto Networks ( PANW) looked to snap a three-day losing streak with a 2% gain. Last week, the cybersecurity stock rebounded strongly off its 50-day line.

On the downside, top retail stock Floor & Decor ( FND) fell over 2%, as the stock traces the right side of a cup-shaped base. Be on the lookout for a potential handle.

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The post Nasdaq Leads In Mixed Trade; This Top Stock To Report After The Close appeared first on Investor's Business Daily.


19. Stocks Rebound: China Bolsters Confidence, Disney Sweetens Fox BidСр., 20 июня[−]

The Nasdaq led as stocks rebounded briskly at Wednesday's open, after positive currency moves by China's central bank triggered gains across global markets.

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Winnebago ( WGO) and Walgreens Boots ( WBA) were early leaders. Netflix ( NFLX) and Facebook ( FB) took early leads among big tech names. Oracle's ( ORCL) stock futures fell hard on earnings news. 21st Century Fox ( FOX) and Walt Disney ( DIS) also boosted early trade, after Disney increased its bid to take over Fox.

The Nasdaq Composite jumped 0.6%, with Fox and Micron Technology ( MU) leading the Nasdaq 100. Micron reports results after today's close.

The Dow Jones industrial average opened 0.2% higher. Disney and Boeing ( BA) staked out an early lead, while General Electric ( GE) fell to the bottom of the index. General Electric opened 1% lower, down on news that Walgreens would replace GE on the Dow Jones industrial average beginning on June 26. Walgreens surged 3%. Both stocks are deep in long-term corrections.

The S&P 500 climbed 0.3% at the starting bell. Fox led among S&P 500 stocks. Starbucks ( SBUX) and Oracle posted the list's deepest losses.

The Dow closed Tuesday 1.2% away from retaking the 25,000 level, but flashing signs of support at its 50-day moving average. The Nasdaq Composite and S&P 500 held well above their 50-day lines. The Nasdaq was just below recent highs and the S&P 500 was eyeing the 2,800 mark.

(For updates on this story and other market coverage, visit Stock Market Today.)

PBOC Props Yuan, Bolsters Investor Confidence

Currencies were central to Wednesday's early action across global markets, after the People's Central Bank of China hoisted its reference rate above the high end of economist expectations. The bank set the rate, which links the yuan to the dollar, at 6.4586. The surprise move halted the yuan's steep, two-day slide. It also eased global concerns that China might devalue the yuan and allow its stock markets to suffer the consequences in response to the country's trade standoff with the U.S.

China's stock markets responded by kicking up out of mixed trade to a solid finish. The Shanghai Composite rose 0.3%. Hong Kong's Hang Seng Index jumped 0.8%, but remained down 2% for the week.

Global currencies reacted to the PBOC move with an uptick in confidence. The euro rose against the dollar, while the dollar gained vs. the yen. Government bond run-ups in Germany and the U.S. paused. That led investors in Japan to send Tokyo's Nikkei 225 up 1.2% in a volatile session that included an early selloff, followed by a rush of investors snapping up devalued stocks.

Europe's markets picked up on the positive tone, but were off highs in afternoon trade. London's FTSE defended a 1% gain in afternoon trade. Miner Glencore and home grocery delivery leader Ocado topped the FTSE 100. Frankfurt's DAX traded up 0.3% and the CAC-40 in Paris narrowed to a 0.1% gain.

Global financial markets also had an eye on Sintra, Portugal, where Federal Reserve Chairman Jerome Powell was joined a panel discussion alongside European Central Bank President Mario Draghi and Haruhiko Kuroda, governor of the Bank of Japan. The discussion reportedly began at 9:30 a.m. ET.

China Stocks Active, Fox Surges On Disney Bid

China-based stocks were again in focus in early trade. Some of the biggest names, Baidu ( BIDU), Alibaba Group ( BABA), NetEase ( NTES) and JD.com ( JD) were little changed.

Among the more volatile plays, Huya ( HUYA) bounced 6%, after taking a 12% dive on Tuesday. IQiyi ( IQ) popped 3.6%, looking to grab back Tuesday's 3% loss. Both pullbacks could be positive for investors looking for entry points into these China-based tech IPOs.

21st Century Fox vaulted 6.6% higher after Disney agreed to raise its bid for company assets to 38 per share, up from 28. That lifted the total value of 50% cash/50% stock deal to $71.8 billion. Fox agreed to the deal, which would give Fox shareholders 19% of Disney ownership following the transaction. Fox shares ended Tuesday 15% above a flat base buy point at 38.66. Disney shares were up 0.7% in early action. The stock is mired in a 13-month consolidation.

Comcast ( CMSA), who's earlier bid was topped by Disney's new offer, rose 0.7% in early trade.

Winnebago Surges, FedEx Dips, Oracle Dives

Winnebago hitched up an 10% opening gain, after reporting above-forecast earnings and revenue for its fiscal third quarter. A 9% jump in earnings surprised analysts expecting a 3% decline. Winnebago shares remained below their 40-week moving average, aiming to start up the right side of a six-month consolidation.

FedEx ( FDX) slipped 2.2% after its fiscal fourth-quarter report. Oracle dropped 4.1% after reporting fiscal fourth-quarter results.

FANGS: Netflix Jumps, Facebook Exits Buy Range

Netflix powered up 1.4% at the start of trade. The streaming entertainment titan rammed nearly 4% higher against a falling market Tuesday, lifted by a trio of analyst upgrades. The gain points the IBD Leaderboard stock to an open more than 20% above the stock's 338.92 buy point from a May breakout. That would place it in a profit-taking zone.

Facebook opened 1.6% higher. The gain moved the stock back above a buy range over a handle buy point at 188.42.

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The post Stocks Rebound: China Bolsters Confidence, Disney Sweetens Fox Bid appeared first on Investor's Business Daily.


20. Trump Tariffs Hit Major Indexes; Tesla Down; Will These 5 Growth Stocks Beat Trade War?Ср., 20 июня[−]

A new threat by President Trump to apply 10% tariffs on an additional $200 billion in Chinese imported goods put the U.S. stock market on a slicker path to a potential market correction on Tuesday. The Dow Jones industrial average and the NYSE composite battled to stay above their key 50-day moving averages.

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Volume rose on both main exchanges vs. Monday, according to early data readings. That implied unusually heavy institutional selling.

The Dow industrial average and the NYSE composite slid 1.1% and 0.6% in stocks today, respectively, but both rebounded off their session lows. The Dow industrial average, finishing at 24,700, is now down about 0.1% since Jan. 1.

Those losses, however, were not as frightening as the sell-offs among China mainland indexes. Hong Kong's Hang Seng benchmark dropped 2.8% overnight and cut its long-term 200-day moving average for the first time since December 2016. The Shanghai composite skidded 3.8% lower, hitting lows not seen since June 2016.

Meanwhile, Netflix ( NFLX) and other high-octane growth stocks that are leading the digital transformation of the global economy continued to flex strength.

Netflix, the eighth largest company on the Nasdaq exchange by market cap, jumped 3.7% to a new high of 404.98 in brisk volume, 84% above its 50-day average. The big move helped the Nasdaq composite cut its early 1.4% drubbing to less than a 0.3% decline by day's end.

Netflix joined IBD Leaderboard on Dec. 6, 2016, as the stock was forming a base next to a much larger set of bases. Then the stock broke out past a correct entry point at 129.39 in early January 2017. The stock has since advanced 208% and is currently extended from a proper buy point.

At 7725, the Nasdaq holds a 12% year-to-date gain. The Nasdaq 100 also hustled off its intraday low, slipping just 0.3%. Both the Nasdaq composite and the Nasdaq 100 are trading less than 1% below their all-time highs.

The S&P 500 chopped its early decline to 0.4% as strength in defensive stocks, including utilities, offset weakness in automaker, steel, construction and farming machinery, chemical and coal stocks. Biotech, movie, drug store chain and auto parts firms also rallied.

The small-cap S&P 600 outperformed, losing just 0.1%. At 1044, the index is up 11.5% since Jan. 1.

Also within IBD Leaderboard, at least three top-shelf retailers seem to be feeling less of an impact on the escalating tit for tat between the world's two largest economies.

Don't Discount The Retail Sector

Discount and variety store chain Five Below ( FIVE), premium yogawear retailer Lululemon ( LULU) and online marketplace Etsy ( ETSY) are all holding up well since their excellent breakouts in recent months.

All three Leaderboard names show strong double-digit earnings and sales growth in recent quarters. Etsy soared 28% last week on news that it's adding new services for sellers while also raising transaction fees.

Etsy grew its top line by 19%, 21%, 24% and 25% vs. year-ago levels in the past four quarters. The Street expects Q2 revenue to jump 25% to $127.1 million and earnings to rise 150% to a nickel a share. The Brooklyn-based company has 119 million shares outstanding and a float of 116 million.

The stock has rallied 103% since bolting out of an eight-week cup without handle at 21.96 on Feb. 21.

When searching for excellent stocks, be sure to check that a company meets the C in IBD's CAN SLIM seven-point investing paradigm. C stands for current earnings growth of 25% or more in the latest quarter. An acceleration in the rate of year-over-year growth? Even better. Institutional investors highly prize companies that are able to post bigger profit gains vs. recent quarters.

Lululemon, a member of the IBD 50, still sees the majority of its revenue coming from North America. The Vancouver-based firm has posted EPS increases of 3%, 19%, 33% and 72% in the past four quarters. In other words, it's shown growth acceleration in the bottom line for three periods in a row.

The Street sees earnings rising 26% to 49 cents a share in the July-ending fiscal second quarter.

Financing Stock Market Success

Financial payment, credit history and transactions-related firms are also holding up well. TransUnion ( TRU), Visa ( V) and Mastercard ( MA) are keeping their solid long-term uptrends intact. The former, also in IBD Leaderboard, reversed from mild losses to gain 0.6%.

Square ( SQ), the innovator in point of sale technology and financial services for small and medium businesses, doesn't seem to be perturbed by Trump's aggressive tariff policy. The San Francisco-based company dropped 4% in the early going before shaving the loss to less than 0.4%.

At 65.94, the stock is holding on to a 15% gain past a 57.29 entry in a nine-week cup with handle.

That base also shows elements of a double bottom, one of the eight key chart patterns that growth investors can use to time their market buys during a confirmed uptrend in the stock market.

Wall Street forecasts Square increasing its earnings by 70% to 46 cents a share in 2018, then doing it again to 78 cents in 2019.

Tariffs May Promote More Weakness In These Stocks

No doubt, commodities are being targeted by Chinese government officials with less than six months to go before critical midyear U.S. elections take place in November.

Nucor ( NUE), the largest U.S. steelmaker by market value, dropped as much as 4% and flirted with its rising 50-day moving average before rebounding some to end at 65.47.

The Charlotte, N.C., firm has been locked in a trading range of 59 to 70 since January. Yet the stock is also building a new base and stands just 7% below the 70.48 peak.

Analysts surveyed by Thomson Reuters see earnings vaulting 86% to $6.67 a share this year, then easing 7% to $6.18 in 2019. Sales growth has been powerful lately, rising 14%, 30%, 22%, 21%, 29% and 16% in the past six quarters.

The Chart View On Tesla

Tesla ( TSLA) led the automakers down more than 4% as a group on a price-weighted basis. Autos finished worst among all 197 industry groups tracked by IBD each day.

But Tesla, the electric vehicle pioneer, actually needed to catch its breath following strong gains the past three weeks.

Shares closed down nearly 5% to 352.55 in heavy turnover. Watch to see if the 350 round number level offers a floor of support. Tesla also now has a nice air cushion above both its 50- and 200-day moving averages.

For now, Tesla continues to work on a huge base that stretches all the way back to September 2017. In the week ended Sept. 15 that year, the stock broke out of an 11-week cup with handle at 370.10, but reversed sharply lower the next week. The negative action triggered the golden rule of investing — keep your losses small in every investment, preferably at 8% or less.

In other financial markets, crude oil rallied amid some hopes that OPEC and Russia will agree to either no change in their production quotas or raise output only by a little. Investors will be watching the results of a Friday meeting closely.

The yield on the benchmark U.S. Treasury 10-year bond fell 3 basis points to 2.89%. Yields fall when bond prices rise. The current yield is still well off the May 17 near-term peak of 3.11%.

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

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The post Trump Tariffs Hit Major Indexes; Tesla Down; Will These 5 Growth Stocks Beat Trade War? appeared first on Investor's Business Daily.


21. Trade-War Fears Hit Stocks As Boeing Falls Below A Critical LevelВт., 19 июня[−]

Stocks pared losses but remained lower on trade-war worries. Today's market bounce so far pales in comparison to Monday's rebound.

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The Dow Jones industrial average was off 1.3% as two components with big exposure to China — Boeing ( BA) and Caterpillar ( CAT) — fell more than 3%. Boeing gapped below its 50-day moving average and Caterpillar below the 200-day average. DowDuPont ( DWDP) was off more than 3% also as it fell below the 50-day moving average.

Boeing gets 13% of its sales from China, according to IBD data. Caterpillar said in its most recent quarterly report that a 44% rise in sales in the Asia-Pacific region was mainly because of strong activity in China.

The S&P 500 and the Nasdaq composite lost 0.7%. The two indexes were down about 1% early on. Like on Monday, indexes bounced off session lows. But today's move still left sizable losses, while on Monday the Nasdaq finished a fraction higher and the S&P 500 lost only 0.2%. (For updates on this story and other market coverage, visit Stock Market Today.)

The small-cap Russell 2000 fell a milder 0.3%. But the Dow utilities average climbed nearly 0.2%. The utility group was one of a handful of groups that were higher as their defensive qualities gained favor. Drugstores, packaged foods and health care services were some others.

Volume was tracking higher compared with the same time Monday. Losing stocks led advancers by 8-to-5 on the NYSE and the Nasdaq.

Among the worst-performing groups Tuesday were some linked to international trade, such as machinery, automakers, steel companies, fertilizers and chemicals.

Netflix ( NFLX) was a rare winner. The video streaming service climbed 2% to a new high after three analysts raised their price targets on the stock. They said Netflix is likely to report strong subscriber gains in the second quarter. Netflix is well-extended from a breakout past a 338.92 buy point. It reports earnings July 16.

Several oil stocks were higher in big volume. Diamondback Energy ( FANG) roared back above its 50-day line. Mammoth Energy Services ( TUSK) and Carrizo Oil & Gas ( CRZO) also climbed in heavy volume.

SPDR S&P Oil & Gas Exploration ( XOP) is still finding support in a pullback to the 50-day moving average.

FedEx ( FDX) was down 2% and still working on a new base. The airfreight company, another big enterprise threatened by the trade row, is reporting earnings after the close.

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The post Trade-War Fears Hit Stocks As Boeing Falls Below A Critical Level appeared first on Investor's Business Daily.


22. Boeing, Caterpillar Lead Dow Lower, But FANG Play Netflix Up; Top China Stocks Hit HardВт., 19 июня[−]

The stock market was lower in early afternoon trading Tuesday after President Trump threatened an additional $200 million in Chinese tariffs. Top growth stocks were weak across the board, while Dow stocks Boeing ( BA) and Caterpillar ( CAT) fell sharply.

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Boeing gapped down and lost support at its 50-day moving average. Caterpillar gave up longer-term support at the 200-day moving average.

The Dow Jones industrial average led the declines, falling 1.4%. The S&P 500 lost 0.7%, and the Nasdaq composite gave back 0.8%. Volume on the NYSE and Nasdaq was tracking higher than Monday's levels.

Utility, tobacco and biotech stocks outperformed. The biotech group got a lift thanks to a strong showing from Sarepta Therapeutics ( SRPT). Shares gapped up and rose more than 50% after the company announced positive preliminary results for its muscular dystrophy gene therapy.

Top Growth Stocks Take Hits

Selling was widespread in many IBD growth screens. Several top growth stocks in the IBD 50 suffered sharp losses, with Chinese stocks taking the most heat. Top-rated names like Momo ( MOMO), Baozun ( BZUN) and Sogou ( SOGO) showed losses of around 4% to 6%.

China-based streaming firm iQiyi ( IQ) bucked the trend, rising 1% to another new high. It's in nosebleed territory, though, about 90% above its 50-day moving average.

In stock market results today, Netflix ( NFLX) bucked the selling. Shares rose nearly 2% to 397.83, helped by positive comments from GBH Insights and a raised price target to 500 from 400. Netflix is a member of Leaderboard.

In the oil and gas space, Diamondback Energy ( FANG) jumped above its 50-day moving average, rising 4% in heavy volume. Fundamentals are compelling at the oil and gas producer, but Diamondback is known for volatile price swings.

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The post Boeing, Caterpillar Lead Dow Lower, But FANG Play Netflix Up; Top China Stocks Hit Hard appeared first on Investor's Business Daily.


23. Dow Drops 400 Points On Trade War Threats; Blue Chips Test SupportВт., 19 июня[−]

The Dow Jones industrial average sold off early Tuesday — after President Trump threatened to escalate the U.S. trade war with China — dropping nearly 400 points. Blue chip stocks Boeing ( BA) and Caterpillar ( CAT) were testing key support levels amid the general market sell-off. (For updates on this story and other market coverage, visit Stock Market Today.)

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The Dow Jones industrial average fell almost 400 points, or 1.5%, while the S&P 500 declined 1%. The tech-heavy Nasdaq moved down 1.2%.

Among the Dow stocks, Boeing was testing its 50-day support level, as the stock declined almost 4%. Shares are about 6% below a 365.10 cup-with-handle entry. Meanwhile, Caterpillar skidded over 3%. The stock is at its 200-day line for the first time since early May when the stock found support there.

Apple ( AAPL) fell back into buy range from a 179.04 double-bottom entry, as the iPhone maker dropped nearly 2% in early trade Tuesday.

Among companies reporting earnings, shipping giant FedEx ( FDX) will report after the market close. Analysts expect the company to earn $5.71 per share on revenue of $17.19 billion. Shares are shaping the right side of a flat base with a 274.76 buy point. Shares fell 2.6%.

IBD Leaderboard name Dropbox ( DBX) looked to snap a six-day win streak Tuesday with a 5% fall. Shares remain well extended from the 34.93 initial base's buy point after a strong breakout on Thursday. Shares followed through on Friday and again on Monday with respective gains of 9.6% and 6%.

Monday's IBD Stock Of The Day, FleetCor Technologies ( FLT), fell just 0.3% Tuesday. Shares broke out in heavy volume Monday above a 213.84 entry after its inclusion in the S&P 500 index. The payment processor is still in the 5% buy range that tops out at 224.53.

Inside The IBD 50 Stocks

Among the top growth stocks, Chinese stocks bore the brunt of the damage Tuesday. ZTO Express ( ZTO) faltered about 6% but remains extended from an 18.18 buy point. Meanwhile, Alibaba ( BABA) lost over 3% as the stock fell back to its 201.60 double-bottom entry.

On the upside, Netflix ( NFLX) reversed from early losses to rise over 1% amid a pair of price-target hikes. Shares are just off their all-time highs.

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The post Dow Drops 400 Points On Trade War Threats; Blue Chips Test Support appeared first on Investor's Business Daily.


24. China Names Hit Hard As Stocks Dive, Track Global Sell-OffВт., 19 июня[−]

Stocks dug into substantial early losses early Tuesday, as an intensifying U.S.-China trade spat triggered a deep sell-off across Asian stock markets. China trade-sensitive stocks, including Boeing ( BA) and NXP Semiconductors ( NXPI), posted heavy declines on the Dow and the Nasdaq 100.

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A broad range of China stocks spearheaded the early losses. JD.com ( JD), Ctrip.com International ( CTRP), Baidu ( BIDU), Huya ( HUYA) and JinkoSolar ( JKS) were among the deepest decliners.

The Dow Jones industrial avereage came off opening lows, but was down 1.2% shortly after the start of trade. Boeing and Caterpillar ( CAT) led the downside. More than half of the Dow's 30 issues fell more than 1%.

The S&P 500 and Nasdaq Composite each shed 0.7%. About a dozen S&P 500 names sold down more than 2%. China trade sensitive names CF Industries ( CF), Freeport McMoRan ( FCX) and General Motors ( GM) fell furthest.

China names were among the Nasdaq's worst decliners. JD.com, NetEase and Baidu had three of the Nasdaq 100's four worst losses.

Netherlands-based NXP Semiconductors continued to ping-pong on U.S.-China news, as the Senate passed a bill Monday that would reinstate stiff penalties vs. China telecom giant ZTE Corp. Qualcomm ( QCOM) has been attempting to acquire the NXP in a $43 billion deal which China's regulators reportedly approved last week. But the approval had been hitched to President Trump's forgiving ZTE for its violations of trade sanctions vs. North Korea. On Tuesday, NXP dropped 1.8% to one of the Nasdaq 100's deepest early losses. Qualcomm was down 1.6%.

Dow Slips Below 25,000; China Exports Sell-Off

The Dow has five straight declines under its belt, falling back below the 25,000 level on Monday. The index appears headed for a break of its 50-day line at Tuesday's open, although premarket action does not always follow through into regular trade. The S&P 500 ended Monday 3% above its 50-day line. The Nasdaq remains just a fraction off Thursday's high, and 5% above its 50-day level.

With 25% tariffs on $50 billion on imports from China set to kick in on July 6, China has said it would impose equal penalties on U.S. imports. If those tariffs go into place, President Trump on Monday said he would increase the scope of U.S. tariffs to $200 billion worth of China goods.

As a result, Asian stock markets careened lower Tuesday. The yuan dropped to a five-month low against the dollar and investors scrambled to get out of the way of the worsening trade dispute. The Shanghai Composite swooned 3.8%, the Shenzhen Composite dived 5.3% as more than 1,000 stocks hit their daily 10% loss maximum circuit breaker. The selling quickly infected Japan's market, where Tokyo's Nikkei 225 plummeted 1.8%, cutting below its 50-day moving average.

Asia's rout moderated somewhat in Europe, where markets traded sharply lower in afternoon trade. Frankfurt's DAX fell hardest, down 1.3%. The CAC-40 in Paris was 1.2% in the red, while London's FTSE 100 dimmed 0.5%.

China Stocks JD.com, JinkoSolar, Ctrip, Huya Dive

Sellers went after a number of China-based stocks in early U.S. trade. JinkoSolar dropped more than 4%. JD.com, Ctrip and Weibo ( WB) all showed losses deeper than 3%. Among the scorching-hot trio of China IPOs: Huya, iQiyi ( IQ) and Bilibili ( BILI), gtwo reversed premarket losses and punched higher: Huya gained a fraction. IQiyi scored a 3% gain. All three stocks are due for price consolidation, and pullbacks could present investors with buy opportunities.

Another China-based IPO, Sogou ( SOGO), broke out on Friday, then retook its cup-base buy point Monday in a huge-volume gain. Shares dropped 3.8% before Tuesday's open, holding just above the base's 14.80 buy point.

China names also led the early declines among IBD 50 stocks. China Lodging ( HTHT) dropped 3.6%. YY ( YY) fell 1.9%. Momo ( MOMO) dumped 3.7%. The declines did not do significant damage to the charts of either China Lodging or Momo.

The loss dealt a setback to YY, which has been struggling to build the right side of a three-month base pattern.

On the Dow, Boeing unraveled 3.2%, cutting below support at its 10-week moving average in heavy trade. The stock is trading below a 365.10 buy point in a cup-with-handle base. A fall below 335.89 would trigger the automatic sell rule.

Verizon ( VZ) scored one of the Dow's lonely early gains, rising 1%. Deutsche Bank upgraded the stock to buy, from hold. Verizon has been attempting to start up the right side of a four-month base pattern.

China-based Autohome ( ATHM) notched the deepest early loss among IBD Leaderboard names. Autohome dived 3.9% at Tuesday's open. The stock is extended after clearing an ascending-base buy point at 107.64 on May 30.

May Housing Data Mixed

In economic news, U.S. housing starts jumped more than expected in May. The Commerce Department reported starts rising to an annualized rate of 1.35 million for the month, up from 1.286 million in April and above consensus forecasts for an increase to 1.32 million.

Building permits, which gauge upcoming building activity, slipped to an annualized pace of 1.301 million. That was down from April's 1.352 million pace and well short of views for a jump to 1.35 million starts.

FedEx ( FDX), Oracle ( ORCL) and La-Z-Boy ( LZB) report quarterly results after today's closing bell.

(For updates on this story and other market coverage, visit stock news today)

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The post China Names Hit Hard As Stocks Dive, Track Global Sell-Off appeared first on Investor's Business Daily.


25. Dow Jones Futures Tumble As Trump Escalates China Trade War; These 4 Top Techs Hit Buy ZonesВт., 19 июня[−]

Dow Jones futures tumbled Tuesday morning after President Donald Trump said he has instructed the U.S. Trade Representative to identify another $200 billion in Chinese goods for tariffs, ratcheting up the U.S.-China trade war. S&P 500 futures and Nasdaq futures also retreated.

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The Dow Jones industrial average fell for a fifth straight session on Monday on China trade war fears, while the S&P 500 index dipped. But the Nasdaq composite edged higher, just below record levels. Several techs broke out Monday, including Google parent Alphabet ( GOOGL), Box ( BOX), Autodesk ( ADSK) and recent China IPO Sogou ( SOGO).

President Trump late Monday said in a White House statement that the 10% duties on $200 billion in Chinese goods would go forward if Beijing doesn't change its "unfair practices" and "insists on going forward with the new tariffs that it has recently announced," the president said in a statement provided by the White House late on Monday.

Trump added that if China retaliates against those duties, the U.S. would impose duties on yet another $200 billion in Chinese goods.

On Friday, the U.S. said it would slap a 25% tariff on $50 billion of Chinese imports, with some $34 billion kicking in on July 6. That same day, China said it would impose $34 billion in retaliatory tariffs.

Previously, Trump had threatened to impose tariffs on $100 billion Chinese goods if Beijing retaliated.

Separately, the Senate voted 85-10 to reinstate stiff penalties vs. China telecom giant ZTE Corp., adding them to a defense spending bill. It's a repudiation of President Trump's deal to revive ZTE, which shut down as sanctions barred U.S. companies from doing business with the Chinese firm.

Dow Jones Futures Today

Dow Jones futures sank 1.5% vs. fair value, signaling a Dow Jones move below its 50-day moving average at the open. S&P 500 futures retreated 1.2%. Nasdaq 100 futures tumbled 1.4%. Stock market futures often do not translate into how the Dow Jones and other major averages actually trade in the next regular session. But this is not a good sign.

Top Stocks Hitting Buy Zones

Alphabet and Sogou, a search engine spinoff from Chinese portal Sohu.com ( SOHU), closed in buy range. Box and Autodesk entered buy zones intraday but closed just below their entries. Volume was strong for Sogou, Box and Autodesk, but sluggish for FANG stock Google.

Alphabet stock boasts a 97 Composite Rating while Sogou stock has a best-possible 99 CR. Autodesk stock has an OK 73, but the maker of computer-aided-design software is transitioning to a cloud-computing subscription model that has hurt earnings temporarily. Box stock, at a 73 CR, is still unprofitable, but the cloud-based storage firm is narrowing losses with expectations for profits by 2020.

Alphabet Stock

Alphabet stock rose 2.1% to 1,183.58 in Monday's stock market trading. That cleared a handle buy point in a double-bottom base. Google's parent also cleared an alternate entry of 1,178.26 from the middle of the W in the consolidation.

But Alphabet stock volume was 18% below normal, suggesting a lack of conviction buying by institutional investors.

On the upside, Alphabet's relative strength line, which tracks a stock's performance vs. the S&P 500 index, hit a new high. Alphabet's RS line hasn't made much progress in more than a year.

Google stock fell 1.2% in Tuesday's premarket.

Box Stock

Box stock shot up about 7% to 28.64 in volume that was 92% above normal. Shares rose as high as 28.91 intraday, briefly clearing a 28.78 base-on-base consolidation. Box's strong action Monday follows last week's powerful breakout by Dropbox ( DBX). Dropbox, a recent IPO, rallied 6% on Monday.

Box stock fell 1.6% in the premarket.

Sogou Stock

Sogou stock rocketed 11.4% to 15.43, clearing a 14.80 cup-base entry in volume that was 594% above normal. Coming public at 13 last November, Sogou hit 14.70 intraday in its Nov. 9 debut, and then quickly sold off, hitting 7.91 in early April. But shares have rebounded, skyrocketing 62% in June alone.

Sogo retreated 2.7% before the topen.

Autodesk Stock

Autodesk stock popped 2.4% to 141.26 on Monday, reaching 142.48 intraday. That briefly topped the 141.36 base-on-base buy point. Volume was 53% above normal.

Autodesk was not yet active Tuesday.

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The post Dow Jones Futures Tumble As Trump Escalates China Trade War; These 4 Top Techs Hit Buy Zones appeared first on Investor's Business Daily.


26. Stock Futures Firm Up As Markets Eye China; GE Exits DowВт., 19 июня[−]

Stock futures built on early gains in Wednesday's premarket trade, riding a rebound in global markets as investors awaited new developments on the U.S.-China trade front.

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FedEx ( FDX) traded flat, Oracle ( ORCL) slumped in early trade after reporting quarterly results. Starbucks ( SBUX) dived after updating its fiscal Q3 guidance and corporate strategy. Walgreens Boots Alliance ( WBA) leapt and General Electric ( GE) fell on news that GE would lose its place among Dow industrials, with Walgreens taking its place. Chipmakers Micron Technology ( MU) and Orbotech ( OBTK) continued to hover near buy points.

Futures for the Dow industrials strengthened to a 0.5% gain. Nasdaq 100 and S&P 500 futures traded 0.3% above fair value. Smallcaps slightly outpaced the general action, with Russell 2000 futures up 0.6% in premarket trade.

Tuesday's market decline added a sixth straight loss to the Dow industrials, which traded below the 25,000 level for a second day. The index is trying to hold above its 50-day moving average in what is now its longest longest losing streak since March 2017. The Nasdaq and S&P 500 posted modest losses Tuesday. Both remain well above their 50-day lines.

Overseas, China's markets pulled up from mixed trade to a strong finish on Wednesday. Hong Kong's Hang Seng index rebounded 0.8%. In Japan, Tokyo's Nikkei 225 rebounded 1.2%. European markets were higher near midday. London's FTSE 100 led, with a 1.2% gain.

Trump Reviews ZTE; Powell Chats With Draghi, Kuroda

Lawmakers in Washington were occupied with a late-day session on immigration Tuesday. The president is scheduled to meet with GOP senators on Wednesday to hash over the Senate's re-enacted ban on sales by U.S. companies to China telecom giant ZTE. Trump wants to remove the restrictions, which were penalties for ZTE violating U.S. trade sanctions against North Korea.

Also on Wednesday, Federal Reserve Chairman Jerome Powell joins a panel discussion in Sintra, Portugal, alongside European Central Bank President Mario Draghi and Haruhiko Kuroda, governor of the Bank of Japan. The discussion is set to take place at 9:30 a.m. ET.

Late Movers: Starbucks, GE, Walgreens, Oracle

Walgreens jumped 3.7% in premarket trade, after S&P Dow Jones Indices announced Walgreens would replace GE on the Dow Jones industrial average beginning on June 26. GE was an original Dow component, listed continuously since 1907. GE shares have lost 61% from a July 2017 high. Walgreens has been in a downtrend since April 2017, losing 26%. GE shares fell 3% early Wednesday.

Starbucks was down 4.3% in early trade. The company boosted its dividend and reported it would raised its share buyback from $15 billion to $25 billion through 2020. Management also announced it would slow the opening of new locations, shut down more underperforming stores, and seek franchise owners for Starbucks locations in "appropriate markets."

FedEx traded flat, following a third straight quarter of beating consensus revenue and earnings targets. Operating income and margins for the ground, express and freight segments all topped expectations. But the midpoint of the company's fiscal first-quarter earnings guidance was below the consensus projection.

Oracle crumbled 3.8% following fiscal fourth-quarter sales and earnings that topped analyst targets. But first-quarter adjusted earnings guidance was well below expectations. Oracle shares have been attempting to start up the right side of a three-month consolidation.

Earnings: Winnebago, Micron

Micron Technology has slipped back to about 7% below a cup-base buy point at 63.52. The memory-chip maker reports its fiscal third-quarter results after Wednesday's close. The base is a fourth-stage pattern, which means the stock has a higher chance of failing from a breakout. Shares rose 1.5% in premarket trade.

Another chipmaker, Orbotech, ended Tuesday 4% below a 65.83 buy point in a cup base. The stock slipped 1% Tuesday and was inactive in extended trade.

Winnebago ( WGO), Actuant ( ATU) and China's ReneSola ( SOL) report quarterly results Wednesday morning.

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27. Nasdaq, S&P 600 Beat Dow, Intel Tests Holders; Is It Time To Buy Alphabet Again?Пн., 18 июня[−]

Large-cap techs showed mixed action in stocks today, but the Nasdaq still outperformed the Dow Jones industrial average. Small caps also excelled. The S&P 600 rose 0.6%.

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At 1045, the small-cap S&P 600 has rallied 11.6% since Jan. 1.

The Nasdaq composite edged less than 1 point ahead, better than a 0.4% drop for the Dow Jones industrial average and a 0.2% decline for the S&P 500.

Intel ( INTC), a member of all three key indexes, slid more than 3% and dipped as low as 52.34 as volume grew 36% above average. The stock also undercut its key 50-day moving average but bounced decently off the session low.

Watch to see if institutions shore up the stock. A leading issue that surrenders the 50-day or 10-week moving average and fails to rebound back above it is providing a defensive sell signal.

The chipmaking giant holds a respectable 90 Composite Rating from IBD Stock Checkup on a scale of 1 to 99. Keep in mind, though, that the Composite Rating helps investors select top growth stocks. It does not serve as a timing tool for selling.

Searching For Winners

Meanwhile, Alphabet ( GOOGL) moved a bit further past a new breakout point of 1,161.20, or 10 cents above the handle's high in a 4-1/2-month double-bottom base.

The Google search engine owner and Waymo self-driving technology firm rose 2% to 1,183. The stock would have to rise more than 5% past the 1,161.20 entry point, or to 1,219.26, to exit the proper buy zone.

Wall Street sees earnings growth slowing in the second and third quarters of this year, at 8% and 10%. But full-year earnings are seen rising 24% to $44.36 a share. That would mark the third year in a row of 20%-plus profit gains.

Analysts also see revenue climbing 24% and 22% in Q2 and Q3, respectively. Full-year revenue target: $136.12 billion, up 23%.

Alphabet is investing $550 million in the Chinese e-commerce giant JD.com ( JD). The two strategic partners aim to build "next generation retail infrastructure solutions" that provide "personalized and frictionless shopping experiences."

Beijing-based JD increased its revenue 41% last year to $54.19 billion, an annual record.

JD is also highly profitable. The big-cap firm earned 50 cents a share in 2017, up 233%. The stock is forming the right side of a new base.

Going back to the semiconductor sector, Intel arch rival Advanced Micro Devices ( AMD), highlighted in today's IBD New Highs feature, jetted more than 4% higher to 17.08. Volume pushed 82% above its 50-day average, a sign of heavy institutional buying.

The Composite Rating in the GPU and CPU manufacturer is now a solid 90 on a scale of 1 to 99, according to IBD Stock Checkup.

Business Services Stocks Rock

Companies that are helping grow sales, expand business markets, and facilitate transactions continue to thrive amid signs that the U.S. economy is accelerating.

Square ( SQ) rushed 2.7% ahead to 66.20 in average turnover. The innovator in point-of-sale technology for small- and medium-size businesses is extended after rising past a 57.29 buy point in a nine-week cup with handle. The base has elements of a double bottom as well.

Analysts polled by Thomson Reuters see earnings leaping 71% in the second quarter vs. a year ago to 12 cents a share. Earnings have grown 250%, 600%, 60% and 20% in the prior four quarters.

TransUnion ( TRU), one of 11 companies highlighted in IBD Leaderboard, rallied 0.5% to 71.53. The credit scoring and consumer financial information giant is still in buy range after sparking a follow-on entry point in a four-weeks-tight pattern. This pattern is just one week longer than the three-weeks-tight, which highlights tight trading in a stock leader after a healthy run higher.

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28. Stocks Keep Paring Losses, But Dow Jones Still Lags As This Chipmaker TumblesПн., 18 июня[−]

Stocks remained lower Monday afternoon, when the Dow Jones industrial average tumbled, but indexes in general continued to pare losses.

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Indexes have been recovering since a steep drop at the open of nearly 1%. (For updates on this story and other market coverage, check Stock Market Today.)

The Dow was off 0.5% in late afternoon trading. Intel ( INTC) fell below its 50-day moving average after Northland Securities downgraded the chipmaker to underperform from market perform. It is not the first serious break of that line for Intel this year, but it threatens to snuff a good uptrend that the chipmaker was making.

At Monday's lows, the Dow was only about 100 points above its starting level for the year. The Dow also is struggling with the 25,000 mark. Just a couple of weeks ago, the average was looking like it was going to beat resistance at that level.

Exxon Mobil ( XOM) and Chevron ( CVX) rose 0.5% and 2% to cushion the Dow's fall.

The S&P 500 was down 0.3%, cutting a loss that was 0.8% at the start of trading. The tech-heavy Nasdaq composite was flat as it faced weakness in semiconductor and biotech shares.

But small caps led, with the Russell 2000 up 0.4% in late trading. Market volume was lower, which is almost a given following Friday's quarterly "witching," the options and futures expirations that tend to swell stock trading.

Although the market was lower, much of the selling was concentrated in defensive industry groups. Drugstores, tobacco, soaps and generic drugs were in the bottom 10 industry groups for the day.

The energy sector was strongest, as the price of crude bounced slightly to $65.25 a barrel. As a trade row continues, China retaliated by imposing duties on U.S. imports, including crude oil.

OPEC meets Friday on production targets, and the bloc is split over a production increase that could result in a rare public stalemate. OPEC has an agreement with nonmembers like Russia to cut production by 1.8 million barrels a day. But Saudi Arabia and Russia want to boost output, while other OPEC members are balking.

As stocks recovered, a few top-rated companies broke out of bases, including a couple in health care.

Surface Oncology ( SURF), a new issue in biotech, broke out of its first base, surging 12% and clearing the 15.29 buy point of a base in heavy trading.

Myriad Genetics ( MYGN) rose past the 40 buy point of a cup-with-handle base in big volume. The relative strength line is not quite at a new high, which deducts some significance from the breakout.

Myriad announced this morning that it won FDA priority review for BRACAnalysis CDx for use as a companion diagnostic with a Pfizer ( PFE) product in metastatic breast cancer. Pfizer shares were slightly lower as they continue work on a consolidation.

In the software sector, Autodesk ( ADSK) climbed above the 141.36 buy point of a flat base in active trading. The RS line is edging to a new high. The design software company is turning itself around, narrowing losses and posting a profit in the April-ended quarter. Sales performance also is rebounding.

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29. Trade-War Fears Persist; Intel Weighs On Dow; JD.com Buoys NasdaqПн., 18 июня[−]

Lingering trade-war fears carried over to the stock market near midday Monday, but the selling was mostly focused in blue-chip stocks as Intel ( INTC) and Walt Disney ( DIS) weighed on the Dow.

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Other laggards in the blue-chip index were Procter & Gamble ( PG), Travelers ( TRV) and Merck ( MRK).

At 12 p.m. ET, the Dow was down 0.6%, the S&P 500 faded 0.4%, and the Nasdaq composite eased 0.2%. The Russell 2000 index of small-cap stocks outperformed, rising 0.3%.

Volume on the NYSE and Nasdaq was tracking lower than Friday's levels, but turnover was very heavy Friday due to options expiration.

Shares of Intel slumped below its 50-day moving average after Northland Securities downgraded the chip giant to underperform from market perform. Shares lost 4%. Disney stock, meanwhile, fell more than 1.5% after Pivotal Research downgraded shares to sell from hold.

Disney and Comcast ( CMCSA) are battling to acquire 21st Century Fox ( FOX). Late last week, Comcast offered $65 billion to acquire most of 21st Century Fox's film and television assets. It's a higher offer than Disney's bid of $52.4 billion last year.

In stock market results today, FleetCor Technologies ( FLT) gapped out of a consolidation, rising nearly 6% to 218.81. It's set to join the S&P 500 early Wednesday, replacing Time Warner, which just completed its merger with AT&T ( T).

Leaderboard name Dropbox ( DBX) continued its torrid ascent after breaking out of a first-stage IPO base last week. Shares rose 6% to 42 Monday after soaring 32% last week. It's well-extended from a 34.93 buy point.

Nasdaq 100 component Adobe Systems ( ADBE) bounced back after Friday's gap-down. Shares rose 1.5% in heavy volume. It's still near highs on the heels of its earnings report last week. Adobe remains well-extended in price after a big run-up. Its last breakout from a proper base was all the way back in January. It's been riding its 50-day moving average higher ever since.

Adobe is a member of IBD's Sector Leaders screen.

Also in the Nasdaq 100, Google parent Alphabet ( GOOGL) added 1.5% to 1,175.85. It's still in buy range from a handle buy point of 1,161.20. Shares were strong on news that it's investing $550 million in China-based JD.com ( JD). Shares of JD.com added as much as 3.6% before pulling back.

Micron Technology ( MU) looked poised to extend its losing streak to five sessions ahead of its earnings report Wednesday after the close. It's been a mild pullback so far after a short-lived breakout over a 63.52 buy point. Keep in mind that Micron's latest breakout attempt was from a later-stage base after a big move already.

Oil and gas stocks outperformed ahead of this Friday's OPEC meeting. U.S. crude oil futures fell for the fourth straight week last week on expectations that OPEC will hike output. Russia reportedly wants a big increase, while Iran thinks no change is needed. At the New York Mercantile Exchange, crude oil edged up 0.3% to $65.26 a barrel.

U.S.-based exploration and production firms led the charge. Inside the group, Anadarko Petroleum ( APC) is testing support at the 50-day moving average for the first time after a breakout. Shares rose 3%.

Whiting Petroleum ( WLL) is also testing its 50-day line after a heavy-volume drop to the support level on Friday. Shares gained 3%.

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30. Dow Falls Over 200 Points; This Blue Chip Stock Breaks Support LevelПн., 18 июня[−]

The Dow Jones industrial average held heavy losses early Monday, falling more than 200 points amid heightened tensions between the United States and China over trade. Meanwhile, former top stock JD.com ( JD) regained more strength Monday, as a new base forms. Blue chip stock Intel ( INTC) was breaking down through a key support level in heavy volume. (For updates on this story and other market coverage, visit Stock Market Today.)

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The Dow Jones industrial average fell 0.8%, while the S&P 500 declined 0.6%. The tech-heavy Nasdaq moved down 0.5%.

Among the Dow stocks, Intel slid over 4%, as it broke down through its 50-day line — a key support level. Volume is tracking over 100% above average. Early Monday, Northland Securities downgraded the chipmaker from market perform to underperform. After rising as much as 7% from a 53.88 flat-base entry, the stock is now about 3% below that level.

On the upside, Chevron ( CVX) advanced nearly 2%, as it continued to find support near its 50-day line. Shares are adding a new handle to a cup base, showing a 131.18 buy point. A previous cup-with-handle entry at 128 is still in play, but that breakout has sputtered.

Thursday's IBD Stock of the Day and IBD Leaderboard name Dropbox ( DBX) reversed from heavy losses to rise 4% in early trade Monday. Shares are well-extended from the 34.93 initial base's buy point after a strong breakout on Thursday. Shares followed through on Friday with a 9.6% gain.

JD.com jumped almost 3% after FANG stock Alphabet's ( GOOGL) Google unit said it would invest $550 million as a part of a strategic partnership. Shares of JD.com are forming the right side of a deep cup-shaped base after two straight weeks of solid advances.

Among the other FANG stocks, Netflix ( NFLX) fell 0.5%. Shares are about 15% above the 338.92 flat-base entry and just off their all-time highs set on Friday.

Inside The IBD 50 Stocks

Among the top growth stocks, Chinese stocks were among the day's worst performers. Baozun ( BZUN) and YY ( YY) fell 1% or more. Baozun fell 2%, as it looked to extend a losing streak to four trading sessions. Despite the recent pullback, the stock is still 18% from a 52.43 buy point.

YY slipped 2.5%, as it continues to shape the right side of a choppy formation. No proper entry has been created yet.

Meanwhile, Alibaba ( BABA) declined over 1%. Shares are still in buy range from a double bottom's 201.60 buy point.

On the upside, Canada Goose ( GOOS) moved up another 7% to hit a new high. Shares soared 33% on Friday after the company reported strong earnings results.

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The post Dow Falls Over 200 Points; This Blue Chip Stock Breaks Support Level appeared first on Investor's Business Daily.


31. Stocks Slide; Intel Downgraded; JD.com Spikes On Google DealПн., 18 июня[−]

Stocks opened to early losses Monday as investors continued to react to the escalated trade standoff between the U.S. and China.

Oil prices rebounded. Chip stocks saw some early selling after a downgrade to Intel ( INTC). China stocks buzzed with activity, led by JD.com ( JD), following announcement of a $550 million deal with Alphabet's ( GOOGL) Google unit.

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The Dow Jones industrial average fell 1% at the starting bell. Intel notched the index's heaviest early decline. The S&P 500 futures dropped 0.8%.

The Nasdaq Composite shed 0.9%. Biogen ( BIIB) and Intel absorbed the hardest hits among Nasdaq 100 stock futures. Apple ( AAPL) dropped 0.6% and all four FANG stock tech leaders posted early declines. JD.com topped the Nasdaq 100 in premarket trade.

(For updates on this story and other market coverage, visit stock news today)

Global markets also continued to be rattled. Benchmark indexes across China and Japan booked moderate losses Monday. In Europe, Frankfurt's DAX was down 1.4% and the CAC-40 in Paris showed a 1.3% loss in afternoon trade

Economic News: Builder Confidence, Oil Prices

The June builders' confidence index from the National Association of Home Builders is set for release at 10 a.m. ET. Atlanta Federal Reserve Bank President Raphael Bostic speaks at 1 p.m. ET.

Oil prices will be in focus ahead of Friday's meeting of the Organization of Petroleum Exporting Countries, and as markets continued to react to China's threat to place tariffs on imported U.S. oil. Saudi Arabia, Russia and others will look at the group's first serious readjustment of production quotas in nearly two years. Oil prices Monday were mixed, with Europe's Brent crude benchmark rebounding 1.2% from sharp losses on Friday. U.S. benchmark West Texas Intermediate reversed its early losses and rose 0.2%, climbing back above $65 per barrel.

JD.com Surges on Google Deal, China IPOs Lag

A number of China-based stocks were busy in early trade. Online retail heavyweight JD.com opened to a 1.8% gain.. Alphabet's Google announced it would invest $550 million in a partnership with the China-based e-commerce giant. Google received 27 million newly issued class A ordinary shares. The partnership aims to improve online shopping conduits in areas including Southeast Asia, and it will give JD.com increased access to consumers in the U.S. and Europe.

JD.com shares have rallied for two straight weeks, building the right side to a cup base pattern with a potential buy point at 50.78, according to MarketSmith.

Alphabet shares were down 0.5% in early trade. The stock ended Friday below an 1177.10 entry in a four-month double-base pattern.

Also, two of three China-based IPOs shook off premarket losses and advanced in early trade. Huya ( HUYA) rose 0.1% and iQiyi ( IQ) added 0.3%, while Bilibili ( BILI) dropped 2.3%. Pullbacks by these three stocks could be positive for investors.

China Biologic Product Holdings ( CBPO) shot up more than 23%. Vipshop Holdings ( VIPS) climbed 1.8%.

Intel Downgrade, Biogen Drops On PTC Trial Results

Chip stocks were under some early pressure as markets assessed the impact of U.S.-China trade tariffs. In addition, Intel received a downgrade, to underperform, from market perform. The stock dropped 4%, the worst early loss among Dow industrial stocks and on the Philadelphia Semiconductor Index. Also on the Philly chip index, Netherlands-based ASML Holdings ( ASML) slumped 2.7%, Marvel Technologies ( MRVL) dumped 1.9%.

Biogen fell 5.4%, while PTC Therapeutics ( PTCT) rocketed 30% higher. PTC on Saturday announced positive interim trial results for its risdiplam treatment of babies with Type 1 Spinal Muscular Atrophy. Biogen shares have been struggling against resistance at their 10-week moving average. PTC shares are extended, up 16% from a May 31 breakout from a cup-with-handle base.

Earnings Reports: FedEx, Oracle,Winnebago

On the earnings front, FedEx ( FDX) and Oracle ( ORCL) report after Tuesday's close, Micron Technology ( MU) and Winnebago ( WGO) on Wednesday, and Kroger ( KG), Carmax ( KMX) and Smart Global ( SGH) before the end of the week.

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The post Stocks Slide; Intel Downgraded; JD.com Spikes On Google Deal appeared first on Investor's Business Daily.


32. Dow Jones Futures Fall: These Five Chip Stocks Are Near Buy PointsПн., 18 июня[−]

Dow Jones futures fell early Monday, along with S&P 500 futures and Nasdaq futures as Asian markets and crude futures retreated. Five notable chip stocks are near buy points: Micron Technology ( MU), Texas Instruments ( TXN), Broadcom ( AVGO), ASML ( ASML) and Entegris ( ENTG). Micron Technology reports earnings on Wednesday.

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Micron stock also is the highest rated, with a 98 Composite Rating. Entegris has a 94 Composite Rating, Texas Instruments a 92 CR and ASML a 90 CR. Broadcom stock, which struggled for months amid a failed bid for Qualcomm ( QCOM) and weak smartphone demand, has a lowly so-so 69 CR.

Chip stocks tend to be a key component of a stock market rally, especially when the Nasdaq composite leads. Some chipmakers have broken out, including Intel ( INTC). But in recent weeks retail, software and FANG stocks have led, with software and Chinese livestreaming IPOs soaring.

Dow Jones Futures Today

Dow Jones futures slid 0.75% vs. fair value. S&P 500 futures retreated 0.6%. Nasdaq 100 futures were 0.8% below fair value. Asian markets generally closed lower in the wake of an escalating U.S.-China trade war. European bourses also retreated. U.S. crude futures sank below $65 a barrel.

Keep in mind that stock market futures often don't translate into how the Dow Jones and other major averages trade in the next regular session.

Last week the Nasdaq composite rose 1.3%, the S&P 500 index was flat and the Dow Jones industrial average retreated 0.9%. All the major averages fell modestly Friday as the U.S. and China announced tariffs on each other, with the risk of further escalation.

Micron Stock

Micron Technology is in a cup base with a high handle buy point of 64.76. Shares soared in May, with the memory chip specialist announcing strong earnings guidance early on May 21 and then a big buyback after the close that day. Shares hit an 18-year high, but failed to close above an entry. Micron stock has pulled back, forming a handle and closing Friday 58.23.

Micron fell 0.8% before the open in Monday's stock market trading.

Micron is expected to report a 93% EPS gain to $3.12 as sales pop 39% to $7.75 billion for fiscal Q2. The company has benefited from strong demand and high prices for memory chips. Some analysts question if those prices can be sustained, so the results and guidance will closely watched.

Texas Instruments Stock

Texas Instruments stock has been consolidating since late January. The stock has formed an 118.58 handle. The handle isn't visible on a weekly chart, which isn't ideal. But the handle shows up clearly on a daily. It's 7 days long so far with the pullback moderate but clear.

Broadcom Stock

Broadcom is working on a 273.95 double-bottom base. The wireless chipmaker has rallied since early May, closing Friday at 270.23. The stock hit resistance around this area a couple of times earlier this year.

Broadcom stock has been consolidating since late November. Shares came under pressure as the chipmaker made a big bid for fellow wireless chipmaker Qualcomm. Even after President Trump blocked a Broadcom-Qualcomm deal on national security grounds, the stock continued to struggle as Broadcom warned of weak smartphone demand. That was seen as a sign of weak Apple ( AAPL) iPhone X demand.

ASML Stock

ASML stock topped a 216.10 flat-base buy point on Thursday, but with a modest 1% gain and volume that was 10% below normal. You'd like to a stock truly break out, with a strong price and volume that's at least 40%-50% above normal. Shares dipped to 214.82 on Friday.

ASML fell 2.2% before the open.

Entegris Stock

Entegris stock crossed a 38.34 buy point several times, closing above that entry last Tuesday. But that breakout came on average volume. Shares dipped to 38.28 on Friday.

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The post Dow Jones Futures Fall: These Five Chip Stocks Are Near Buy Points appeared first on Investor's Business Daily.


33. Trade War Fears Abate As Market Recovers Off Lows; IPO Avalara SoarsПт., 15 июня[−]

Trade war fears were back on the front burner Friday, but major stock indexes recovered and closed off session lows. The Dow Jones fell 1.1% intraday but ended with a loss of just 0.3%. Dow components Caterpillar ( CAT), Chevron ( CVX), General Electric ( GE) and Exxon Mobil ( XOM) ended with losses of 1.5% to 2%.

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Selling in the S&P 500 and Nasdaq composite was calmer. The Nasdaq composite gave back 0.2% and the S&P 500 eased 0.1%. Preliminary data showed volume on the NYSE and Nasdaq coming in higher than Thursday's levels — more so on the NYSE. Volume was heavy due to to options expiration.

Trade War With China?

President Trump imposed tariffs on $50 billion of China goods, fueling new fears of a trade war with China. China retaliated with tariffs of its own.

In stock market results today, Canada Goose ( GOOS) soared 33% on a big earnings and sales beat. Before the open, the company reported adjusted profit of 7 cents a share. Sales more than doubled from the year-ago quarter, rising 153% to $98.6 million.

Other heavy-volume gainers included steel producer Schnitzer Steel ( SCHN). Shares jumped more than 8% after the company raised its earnings guidance for the current quarter. Amid a lot of trade-war talk Friday, a 25% tariff on steel imports by the U.S. is already in place. Schnitzer Steel's price performance was impressive in light of a weak day for steel stocks overall.

Meanwhile, a beat-and-raise quarter from Adobe Systems ( ADBE) wasn't good enough as shares lost 2%. But the Nasdaq 100 name was well off lows in afternoon trading. Adobe was well-extended in price ahead of the results. The stock's performance Friday was a classic example of "sell the news."

In IPO news, Avalara ( AVLR) had a strong debut after pricing last night at 24. Shares ended at 44.28. The company provides a cloud-based platform to help corporate customers with tax compliance. The company is not profitable yet but shows impressive sales growth. In 2017, sales totaled $213 million, up 28% from $167 million in 2016.

In related news, Leaderboard name Dropbox ( DBX) followed through after Thursday's powerful breakout over a 34.93 entry. Shares jumped nearly 10% Friday to 39.60.

Inside the IBD 50, Brooks Automation ( BRKS) also followed through after a breakout from a cup-with-handle base Thursday. Shares rose close to 5% Friday after Thursday's gain of nearly 4%.

Gold and oil fell hard Friday amid a strengthening U.S. dollar. August gold dropped 2.3% to settle at $1,278.50 an ounce. Benchmark crude oil for July delivery settled at $65.06 a barrel down 2.7%. OPEC and others are expected to raise output at next week's meeting in Vienna.

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The post Trade War Fears Abate As Market Recovers Off Lows; IPO Avalara Soars appeared first on Investor's Business Daily.


34. Pain For All? Stock Indexes In U.S., Shanghai Fall On Tariff NewsПт., 15 июня[−]

U.S. stock indexes headed for losses in late morning action Friday, as President Trump revealed the details of his tariffs on China. The Shanghai Composite dropped 0.7%, its third down day in a row.

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Blue chips were mostly off. Losers led winners in the Dow Jones industrial average by a 10-to-3 ratio. The Dow fell more than 0.8%, while the Nasdaq and the S&P 500 lost 0.4% each. The small cap Russell 2000 also retreated 0.4%.

Volume in the stock market rose sharply on both major exchanges. Friday is a quadruple witching day, which involves the expiration of stock index futures, single stock futures, stock index options and single stock options. Expirations routinely boost volume.

Trump announced as expected his list of tariffs that he will slap on China. The tariff tally involves 1,100 products and will begin to go into effect July 6.

China has vowed to respond in kind. Agriculture products and manufacturing goods are likely targets. China buys about half of U.S. soybean exports.

Exposure To China

U.S. companies with heavy exposure to China include Wynn Resorts ( WYNN), which gapped down 2% in heavy volume; Micron Technology ( MU), down 3% in above-average volume; and Yum Brands ( YUM), off more than 2.1% in fast trade.

Apple ( AAPL) also has sizable exposure to China. Apple gapped down 1% in fast trade. The stock is on track to end a three-week win streak on the weekly chart. On Friday, Bloomberg News reported that Apple is negotiating with Cartoon Saloon for the rights to an animated movie.

Many chip stocks also have high exposure to China. Intel ( INTC) lost 1.2% in heavy turnover.

A couple of upscale apparel retailers had no problems Friday.

Lululemon Athletica ( LULU) stabbed 1.8% higher in brisk volume. Canada Goose ( GOOS) jumped 27% in torrid volume. Canada Goose trounced expectations on earnings and revenue.

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The post Pain For All? Stock Indexes In U.S., Shanghai Fall On Tariff News appeared first on Investor's Business Daily.


35. Stocks Slide On Trade War, But These Top IPOs Hit New HighsПт., 15 июня[−]

The stock market slid early Friday — but was recovering — after the reemergence of the trade war with China. President Trump imposed tariffs on $50 billion worth of mostly high-tech imports. IPO Leaders Canada Goose ( GOOS) and Dropbox ( DBX) jumped to new highs. (For updates on this story and other market coverage, visit stock news today)

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The Dow Jones industrial average fell 0.6%, while the tech-heavy Nasdaq declined 0.4%. The S&P 500 also moved down 0.4%.

Among the Dow stocks, Boeing ( BA) fell nearly 2% and looked to extend a losing streak to four trading sessions. Shares are about 3% under a 365.10 cup-with-handle entry after June 6's breakout.

Meanwhile, Apple ( AAPL) dropped 0.8% and is barely extended from a double bottom's 179.04 buy point.

Thursday's IBD Stock of the Day and IBD Leaderboard name Dropbox reversed from early losses to advance almost 8% in midmorning trade. Shares are extended from the 5% buy range from a 34.93 initial base's buy point that runs up to 36.68.

Among companies reporting earnings, IBD 50 stock Adobe Systems ( ADBE) declined 3% despite beating the Street's targets and boosting its current quarter's guidance. The stock is still nicely above its 50-day line and well extended from its most recent formation that showed a 186.37 buy point.

Fellow software leader Splunk ( SPLK) fell nearly 3% and is back in buy range from a 112.76 entry. The stock hit a new high Thursday after the stock mounted a successful 50-day test in late May.

Retailer Canada Goose soared over 20% — after rising as much as 30% — after the company reported strong Q4 earnings and sales results. Shares are about 45% above a 36.76 cup-with-handle entry.

Inside The IBD 50 Stocks

Among the top growth stocks, Alibaba ( BABA) declined over 1%, as it treads water above a recent double bottom base's 201.60 buy point. Shares are in the 5% buy range that tops out at 211.68.

Meanwhile, PayPal ( PYPL) fell over 1%, but is still holding above an 84.09 double-bottom entry.

On the upside, Netflix ( NFLX) reversed from early losses to advance over 1% Friday. Shares hit an all-time high Thursday with a 3.4% gain. The stock is about 16% above a recent flat base's 338.92 entry.

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The post Stocks Slide On Trade War, But These Top IPOs Hit New Highs appeared first on Investor's Business Daily.


36. Stocks Lower: Boeing, Cat Drag On Dow; Apparel IPO Spikes 28%Пт., 15 июня[−]

The Trump administration's ramp-up of China tariffs bit into early trade Friday, helping send stocks lower at the open as the market tacked toward a mixed week.

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Qualcomm ( QCOM) and NXP Semiconductors ( NXPI) rose early on merger news. Earnings results sent Adobe Systems ( ADBE) to the bottom of the S&P 500. But IPO Canada Goose ( GOOS) gapped-up at the open.

The Dow Jones industrial average dumped 0.7% in early trade, with China trade-sensitive Boeing ( BA) and Caterpillar ( CAT) at the bottom of the list. The S&P 500 dropped 0.4%. The Nasdaq Composite backed off 0.5%.

Trading volume is likely to be heavy in Friday's session, due to futures and options expirations.

Global Reaction To Tariffs: China, Europe Slide

Trade concerns raised by the White House's trade-restructuring tactics rippled across global markets.

China's stock markets turned lower Friday in a turbulent session that left the Shanghai Composite down 0.7% and Hong Kong's Hang Seng Index with a 0.4% loss. For the week, the Shanghai index fell 1.5%, while the Hang Seng ended 2% lower.

In Japan, Tokyo's Nikkei 225 added 0.5% after the Bank of Japan maintained its negative interest-rate target and trimmed its view of consumer price inflation. The result left the Nikkei up 0.7% as it rebounds for a second week from a test of support.

Markets in Europe weakened in afternoon trade, after rallying hard on Thursday's policy news from the European Central Bank. The FTSE 100 in London was down 1% and Frankfurt's DAX was off 0.6%. The CAC-40 in Paris slipped out of early gains to trade 0.2% lower.

Nasdaq, Dow, S&P 500 Mixed For Week

The Nasdaq heads into Friday's session up 1.5% for the week, pushing to new highs as it works on its fourth-straight weekly advance. The tech benchmark is now more than 50% above its dot-com peak from 2000, which it first topped in July 2015. It is 3% below the 8,000 mark.

The Dow starts Friday toting a 0.6% loss for the week. It has a decent margin above the 25,000 level, and above support at its 50-day moving average. The index remains a bit less than 6% below its January high. It has been toggling back and forth between positive and negative weeks since the start of May.

The S&P 500 is splitting the difference, up 0.1% through Thursday. It is also working on a fourth straight advance, but its chart looks much more like the Dow — above key technical support, but 3% below its January high.

Canada Goose Soars, Adobe Tumbles

High-end apparel maker Canada Goose spiked 28% in opening trade. The Toronto-based outfit turned in a surprise profit in its fiscal fourth quarter. Revenue thrashed analyst estimates. The IBD 50 stock and IPO Leader is well extended from buy territory after clearing a 36.76 entry on April 19.

Adobe fell nearly 4%, despite a report late Thursday that topped analysts' fiscal second-quarter targets and raised guidance. The stock finished Thursday at a new high, and up 39% from a January breakout.

Qualcomm/NXP Deal Approved, China's Huya Climbs

Despite Friday's tariff-driven tensions, Qualcomm and NXP Semiconductors each advanced. News reports late Thursday said Chinese regulators had approved Qualcomm's $43 billion acquisition of Netherlands-based NXP. The approval allows the deal to close before the July deadline set by NXP. NXP rose 2%. Qualcomm dipped 0.2%.

Another Netherlands company, LyondellBasell ( LYB), popped 2.3% in early trade. The plastics and chemicals giant announced discussions regarding a "potential transaction" with Brazilian conglomerate Oldebrecht. Oldebrecht owns a controlling interest in Brazil-based petrochemical producer Baskem ( BAK). Lyondell shares ended Thursday less than 5% below a 119.39 buy point in a cup-with-handle base. Baskem spiked 20% at the open.

China-based stocks trading in the U.S. were mixed. Huya ( HUYA) edged up 0.6%, after the recent IPO spiked 13% on Thursday. The streaming entertainment and gaming platform closed Thursday up 83% since clearing an IPO base in May.

Among other China-based names, JD.com ( JD) and Baozun ( BZUN) took early losses, down about 2% apiece. JD.com shares are attempting to scale up the right side of a possible base pattern. Baozun is extended, in a profit-taking zone above a 52.43 buy point.

New York Manufacturing/Employment Accelerates

Manufacturing activity in New York state accelerated sharply in June, sending the New York Federal Reserve's Empire State Manufacturing Index to 25 for the month. That was up from 20.1 in May, and strides above consensus forecasts for a decrease to 19.1. Delivery times lengthened, inventories and raw input costs rose, the report said. Labor market indicators "pointed to a substantial increase in employment."

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The post Stocks Lower: Boeing, Cat Drag On Dow; Apparel IPO Spikes 28% appeared first on Investor's Business Daily.


37. Dow Jones Futures Fall As Trump Steps Up China Trade War; Watch These Key StocksПт., 15 июня[−]

Dow Jones futures retreated Friday morning, along with S&P 500 futures and Nasdaq futures, as U.S-China trade war fears heat up once again. President Donald Trump is set to OK tariffs on $50 billion in China goods, with reports that he's close to finalizing duties on a further $100 billion in Chinese products. China said it will respond "instantly." A trade war could hit big U.S. multinationals such as Boeing ( BA), Caterpillar ( CAT), Apple ( AAPL) Deere ( DE). Meanwhile, Adobe Systems ( ADBE) fell early Friday despite beating views and raising guidance.

Trump OKs China Tariffs

President Trump is going ahead with tariffs on $50 billion worth of Chinese goods, with reports saying the list of affected products is smaller and more focused on tech. An official announcement likely wil come Friday, though it's not clear when the tariffs will go into effect. China has vowed to retaliate with its own tariffs, matching the U.S. dollar for dollar.

All that was largely expected, but Reuters reported that Trump is close to finalizing tariffs on a further $100 billion in Chinese goods. Not only would that ratchet up the trade war and spur further retaliation, but the U.S. duties themselves could affect American companies. Keep in mind that the Apple iPhone and many other products and components are made in China but for U.S. companies.

China is a huge market for Boeing jets and Caterpillar construction equipment. Farm equipment giant Deere is at risk from reduced China purchases of soybeans and other U.S. agricultural products.

Apple fell 0.4% to just above 190 before the open on the stock market today. Apple stock is modestly extended from a 179.04 double-bottom breakout in early May, but is threatening to undercut a three-weeks-tight pattern entry of 190.47.

Boeing retreated 0.7% and Caterpillar lost 0.8%. Deere edged lower. Apple, Boeing and Caterpillar are all Dow Jones stocks and S&P 500 index components.

Dow Jones Futures Today

Dow Jones futures fell 0.5% vs. fair value. S&P 500 futures slid 0.3%. Nasdaq 100 futures lost 0.3%.

Adobe Systems

Adobe Systems earnings jumped 63% vs. a year earlier with revenue rising 24% to $2.20 billion. Both topped views. The IBD 50 stock also guided higher for the current Q3.

But the digital media publishing software maker retreated 2.4% in the premarket. Keep in mind that Adobe stock rang up 38.5% since its January breakout.

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The post Dow Jones Futures Fall As Trump Steps Up China Trade War; Watch These Key Stocks appeared first on Investor's Business Daily.


38. Dow Jones Futures: These 5 Stocks Are Notable Movers; Trump OKs China TariffsПт., 15 июня[−]

Dow Jones futures were little changed late Thursday, along with S&P 500 futures and Nasdaq futures. President Donald Trump has approved a revised China tariffs list, according to multiple reports. Adobe Systems ( ADBE) topped earnings views and guided higher, but its stock fell. AT&T ( T) and Time Warner ( TWX) rose late as the Justice Department won't seek to stay Tuesday's court ruling blessing their merger. Meanwhile, red-hot Chinese livestreaming IPOs iQiyi ( IQ), Huya ( HUYA) and Bilibili ( BILI) extended big gains from the regular session.

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During the regular session, the Nasdaq composite rallied strongly to a new high, fueled by strong gains in FANG stocks such as Netflix ( NFLX) and Facebook ( FB), with software and internet IPOs (including iQiyi, Huay and Bilibili) continuing to shine. The S&P 500 index rose slightly, while the Dow Jones industrial average dipped as energy and retail stocks slumped.

Dow Jones Futures Today

Dow Jones futures were essentially flat vs. fair value. So were S&P 500 futures. Nasdaq 100 futures climbed a fraction.

President Donald Trump reportedly has approved tariffs on $50 billion worth of Chinese goods, with a revised list affected products. The official announcement will come Friday, though it's not clear when the tariffs will go into effect. China has vowed to retaliate with its own tariffs, matching the U.S. dollar for dollar.

Adobe Stock Investing Lessons

Adobe Systems earnings rose 63% vs. a year earlier to $1.66 a share, beating second-quarter views for $1.54. Revenue climbed 24% to $2.20 billion, modestly topping. The IBD 50 stock also guided higher for the current Q3.

Despite the seemingly positive news, Adobe stock fell 3.4% in late trade. That action offers three lessons for investors.

Don't buy an extended stock: Adobe has run up 38.5% since its January breakout. The relative strength line, which tracks a stock's performance vs. the S&P 500 index, has consistently hit new highs. While Adobe could keep running, it would not be surprising to see Adobe pull back for a short period or consolidate over a period of weeks or months.

Be cautious about buying a stock into earnings: Earnings reports are high risk, high reward. A strong report can send a stock soaring, but huge losses are also possible. Adobe's after-hours action is relatively muted give the stock's recent run. But investors should consider buying call options to minimize the downside risk while reaping any upside gains.

Don't trust after-hours action: Whether it's Adobe stock or Dow Jones futures, overnight action doesn't always translate into trading in the next regular session. Perhaps Adobe will pull back modestly on Friday. But the stock could show a sharper loss or close with a gain.

AT&T Time Warner Deal To Close

The Justice Department won't seek a stay to Tuesday night's federal court ruling. That would let the AT&T-Time Warner merger close, though the DOJ later could appeal the ruling itself. Time Warner stock rose 2% after hours. AT&T stock edged higher.

China Livestreaming Stocks Keep Rising

During the regular session, Baidu ( BIDU) spinoff iQiyi ran up nearly 17%, YY ( YY) spinoff Huya jumped 13%, and Bilibili climbed 2.1%. In late trading all three rose about 1% to 2% in late trade.

All three top China stocks hit record highs Thursday and are trading above their 10-day moving average. A near-term pullback wouldn't be surprising after their rapid run-ups.

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The post Dow Jones Futures: These 5 Stocks Are Notable Movers; Trump OKs China Tariffs appeared first on Investor's Business Daily.


39. Growth Stocks, Nasdaq Dominate Market Gains; Netflix Ushers This Key Sell SignalЧт., 14 июня[−]

Growth stocks with connections to China, e-commerce, consumer spending and technology had a cheery session in stocks today as the Nasdaq composite rallied more than 0.8% and boosted into new high ground for a third straight session.

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Meanwhile, Nasdaq-listed high-growth companies Netflix ( NFLX), Etsy ( ETSY) and Qualys ( QLYS) symbolized an ongoing trend in 2018: institutional investors continue to hunt for innovative companies that are delivering strong increases in earnings and sales. In a bull market, excellent fundamentals often beget excellent stock market performance.

While the Nasdaq 100 shot 1% higher to a new high, the S&P 500 rose slightly less than 0.3%. Dairy, department store and specialty retail, superregional bank, wood product, oil drilling and farm machinery firms dropped significantly. The Dow Jones industrial average edged 0.1% lower, despite 2-point-plus gains by Walt Disney ( DIS) and market leader UnitedHealth ( UNH). The NYSE composite edged fractionally lower, falling for a third straight session.

Volume edged mildly higher on the Nasdaq vs. Wednesday and slipped nearly 7% on the NYSE, according to early data. Friday will see monthly and weekly options expire, which sometimes results in unusually heavy volume.

A day after the Federal Reserve raised short-term interest rates for the second time this year, institutions jumped back into the U.S. Treasury bond market, buying with fury. On the long end, the benchmark 10-year yield fell 4 basis points to 2.94%.

Meanwhile, the ECB signaled that it's ready to curtail its own form of quantitative easing and initiate a hike in interest rates sometime in the summer of 2019.

French and German equities rallied sharply earlier in the day. The CAC 40 gained 1.4%; Germany's DAX 100 advanced 1.7%.

Netflix, one of those rare growth stocks able to lead the upside in more than one secular bull run, jumped another 3% on Thursday and reached a new session high of 395.03.

At that price, Netflix has scored a 27% profit for those who bought shares at a prime follow-on entry point near 311 during the final week of April. The gain triggered a key sell signal in which one should take many gains at 20% to 25% from a breakout point.

Selling winners on the way up frees up cash in the portfolio for future new buys. Also, many great stocks will take a pause and correct significantly in price after they break out and notch strong double-digit gains.

Why was the 311 price level a valid buy point for Netflix?

A Second Chance To Buy

After its breakout from a three-month cup without handle at 204.48 in early January this year, Netflix rallied valiantly, then tested buying support at the 10-week moving average for several weeks during the market's second intermediate correction that began in late March.

After a solid breakout from a base, the first and second pullbacks to the 10-week moving average (as seen on a weekly chart) or the 50-day moving average (on a daily chart) can offer a secondary buy opportunity.

The online video streaming giant and pioneer joined IBD Leaderboard initially in July 2014.

Etsy vaulted more than 26% to 41.65 in huge volume and at one point rallied 35% intraday. At 41.65, the online marketplace for artists and small businesses has climbed more than 40% since rebounding off the 50-day moving average in late May.

The Brooklyn-based company announced an increase in transaction fees for sellers.

Business Software Names Still Bullish

The Street expects Etsy, also an IBD Leaderboard stock, to grow earnings in the second quarter by 150% to 5 cents a share.

Qualys, a security software play, jumped more than 6% to 94.80 in quadruple usual turnover. The stock has now sprinted as much as 14.8% past an 85.10 proper entry point in a seven week cup without handle.

The company's revenue rose 22% to $64.9 million in the first quarter, marking a quarterly best.

That 22% increase also marked a third quarter in a row of growth acceleration, or a bigger year-over-year gain vs. the prior quarter.

Qualys' top line increased 14%, 17% and 20% in the prior three quarters.

Earnings per share have jumped 30%, 41%, 39% and 80% vs. year-ago levels over the same time frame. No wonder Qualys has achieved a 99 Earnings Per Share Rating from IBD Stock Checkup.

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

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The post Growth Stocks, Nasdaq Dominate Market Gains; Netflix Ushers This Key Sell Signal appeared first on Investor's Business Daily.


40. Nasdaq Hits New High, Fueled By Strength In Security Software Stocks; Etsy SurgesЧт., 14 июня[−]

The Nasdaq composite surged to another all-time high Thursday. Big gainers in the Nasdaq 100 included China-based JD.com ( JD), Leaderboard name Netflix ( NFLX) and Tesla ( TSLA).

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In the security software group, Qualys ( QLYS) soared again after a breakout from a base earlier in the week. Shares jumped 6% to 94.66. It's well-extended now from the 85.10 buy point. Group peers Zscaler ( ZS) and Palo Alto Networks ( PANW) also outperformed with gains of 1% to 2%.

Among chipmakers, Qorvo ( QRVO) jumped nearly 4% to 83.34. It's trying to clear a cup-with-handle base with an 83.52 entry.

The Nasdaq was up 0.7% in afternoon trading; the S&P 500 added 0.2% and the Dow eased 0.1%. Volume on both exchanges was tracking close to Wednesday's levels.

Nasdaq Winners

In stock market results today, Etsy ( ETSY) soared 29% after the company raised its full-year sales guidance and also announced an increase in transaction fees. Etsy is a member of Leaderboard.

Meanwhile, recent IPO Dropbox ( DBX) vaulted out of a first-stage IPO base, rising 14% to 36.15. The buy point was 34.93. Shares hit an intraday high of 38.09.

Drobox is the latest IPO to scream higher. Recent China streaming new issues Bilibili ( BILI), iQiyi ( IQ) and Huya ( HUYA) soared again Thursday, but all three are well-extended past entry points.

Among the FANG names, Netflix added 3% after shares hit an all-time high Wednesday. Shares were strong Wednesday after Goldman Sachs raised its price target to 490.

Retail Sales Impress

In economic news, Wall Street liked the look of better-than-expected May retail sales data. Overall, sales rose 0.8%, double the consensus estimate of 0.4%. Excluding autos, sales rose 0.9%, also well above the consensus of 0.5%. Inflation remains a threat to the economy, although it's not a worry point yet for the Federal Reserve.

The Federal Open Market Committee raised the federal funds rate by a quarter point to a range of 1.75% to 2%. It sees two more rate hikes by the end of the year, although futures traders aren't so sure. Traders are pretty confident about another quarter-point hike at the September meeting, but the see only a 54% chance of another quarter-point hike at the December meeting.

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The post Nasdaq Hits New High, Fueled By Strength In Security Software Stocks; Etsy Surges appeared first on Investor's Business Daily.


41. Nasdaq Leads Stock Market Higher On Retail Data; Two Chip Stocks Break OutЧт., 14 июня[−]

U.S. stock indexes advanced moderately in late morning trade Thursday, as retail sales grew the most in six months and first-time jobless claims were fewer than expected.

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In the retail sector, stocks working on bases include upscale steakhouse Ruth's Hospitality Group ( RUTH), Floor & Decor ( FND), restaurant chains Texas Roadhouse ( TXRH) and Wingstop ( WING), and farming and ranching supply store operator Tractor Supply ( TSCO).

The Nasdaq advanced 0.8%, while the S&P 500 added 0.3% and the Dow Jones industrial average was flat. Small caps trailed as the Russell 2000 was just below the break-even line.

Volume rose slightly vs. the same time Wednesday on both major exchanges.

High-end steakhouse restaurant Ruth's stock is working on a flat base with a 28.85 buy point. The small cap grew earnings 42% and 29% in the past two quarters. Earnings are expected to grow 24% this year, which would be the best in six years.

Retail sales set a bullish tone for the stock market, rising 0.8% in May. That was twice as much as the upwardly revised 0.4% in April and the fastest growth in six months. Going into Thursday's session, the retail sector was up 14.6% year to date, which was No. 6 among 33 sectors.

In other news, the European Central Bank said quantitative easing would likely end in December rather than September. A rate hike is unlikely to come before the summer of 2019, according to the ECB. Analysts saw the moves as a compromise between the hawks and the doves.

Meanwhile, China threatened to junk U.S.-China trade deals if the Trump administration does not step away from its protectionist stance.

Stock Breakouts

Three stocks were either breaking out or attempting a breakout Thursday morning.

Chip-equipment maker Brooks Automation ( BRKS) crossed above a 34.04 buy point in a large cup with handle in volume 107% above average. The stock is No. 1 in its group in Stock Checkup at Investors.com.

Fellow chip-equipment maker ASML Holding ( ASML) rose just above a 216.10 proper buy point in a flat base, but then eased under the entry. Volume was initially running 65% above average but has slowed down to just mildly above normal levels.

April initial public offering Ceridian HCM Holding ( CDAY) rumbled 9% higher, clearing a 38.97 buy point but then reversed to a 3% loss. Ceridian provides a software platform for managing the entire employee life cycle.

For tips when investing in IPOs, see this Investor's Corner article on why an IPO breakout may take more than one try.

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Stock Of The Day

The post Nasdaq Leads Stock Market Higher On Retail Data; Two Chip Stocks Break Out appeared first on Investor's Business Daily.


42. Stock Indexes Power Up; These Top Stocks Surge To Record HighsЧт., 14 июня[−]

The stock market continued to gain strength in morning trade Thursday after the European Central Bank said its bond-buying program will likely end in December. Meanwhile, FANG stocks Netflix ( NFLX) and Amazon.com ( AMZN) advanced to new highs. (For updates on this story and other market coverage, visit stock news today)

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The tech-heavy Nasdaq led the way with a 0.8% advance, taking out new highs of its own. The S&P 500 and the Dow Jones industrial average moved up about 0.4% apiece.

Among the Dow stocks, JPMorgan ( JPM) slid 1% to lead the downside performers. Shares are on a four-day losing streak that has seen them find resistance at the 50-day line.

Among companies reporting earnings, Adobe Systems ( ADBE) will report its fiscal Q2 results after the market close. Analysts expect the software firm to earn $1.54 per share on revenue of $2.16 billion. The stock moved up 0.5% to hit a new high and is well extended from its previous flat base and the 50-day moving average line.

Meanwhile, Etsy ( ETSY) soared 29% after the company lifted its full-year sales outlook and raised its transaction fees. The stock is now about 90% up from a cup base's 21.96 entry.

Among the FANG stocks, Netflix advanced 2.5% early Thursday. The IBD Leaderboard stock is at an all-time high and is extended from a 338.92 flat-base buy point.

Meanwhile, Amazon.com rose 0.7% and is at a fresh all-time high as well. Shares have been slowly but steadily moving higher over the last three weeks.

Twitter ( TWTR) spiked to another new high Thursday, as the stock moved up another 4%. Shares are up about 34% from a cup with handle's 33.88 buy point, according to MarketSmith chart analysis.

Inside The IBD 50 Stocks

Among the top growth stocks, Alibaba ( BABA) rose 1%, as it treads water above a recent double bottom base's 201.60 buy point. Shares are in the 5% buy range that tops out at 211.68.

Meanwhile, Paycom Software ( PAYC) moved up 2%, as it forms the right side of a cup-shaped base that features a 118.55 buy point. The stock's relative strength line still has some work ahead of it before it reaches a new high.

On the downside, China-based TAL Education ( TAL) fell almost 2%. TAL slid 10% Wednesday after short seller Muddy Waters said the company's profits are fraudulent. The stock round-tripped a near-14% gain from a later stage cup base's 41.85 buy point, triggering a sell signal.

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The post Stock Indexes Power Up; These Top Stocks Surge To Record Highs appeared first on Investor's Business Daily.


43. Stocks Start Higher On ECB Outlook: Etsy, 2 IPOs Seize New HighsЧт., 14 июня[−]

U.S. stocks opened to brisk gains Thursday, following the European Central Bank's outline to potentially wind down its decade-long stimulus program by the end of the year. Stocks received an added boost from positive unemployment and May retail sales numbers.

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Stock futures and overseas markets had traded lower early, as the fallout from Wednesday's Fed announcement worked its way through global markets. Drugmaker Mylan ( MYL) and software giant Oracle ( ORCL) dragged on early trade. But IBD Leaderboard name Etsy ( ETSY) bolted sharply higher, and IPOs Huya ( HUYA) and Pivotal Software ( PVTL) posted strong early advances.

Thee Nasdaq Composite powered ahead 0.6%, aided by premarket gains from Comcast ( CMCSA) and Dish Networks ( DISH). Mylan posted the largest decline among both Nasdaq 100 and S&P 500 stocks.

The Dow Jones industrial average and S&P 500 each jumped 0.3%. Nike ( NKE) and Walt Disney ( DIS) jumped to the top of the Dow. Royal Caribbean ( RCL) and Comcast topped the S&P 500.

Stock Futures: Oracle Downgraded, Etsy, Huya, Pivotal Spike

Mylan dropped 3%, falling after a regulatory filing revealed the Food and Drug Administration had rejected the application for a Mylan generic asthma drug, based on GlaxoSmithKline's ( GSK) blockbuster Advair. The filing said the FDA had found "minor deficiencies" in the drug. Mylan shares closed Wednesday up 19% from a May low, above key levels of support and climbing the right side of a five-month consolidation.

Oracle also dragged on early action, down 4.2% after JPMorgan downgraded the stock to neutral, from overweight, and pared the price target to 53, from 55. The note cited a JPMorgan survey that pointed to a sharp decrease in Oracle's product spending. Oracle shares have been consolidating since March.

Meanwhile, three recent IPOs looked ready to add to their recent run-ups.

Etsy spiked 23% in early trade. The Brooklyn, N.Y. company raising its full-year revenue outlook, based on an increase in transaction fees charged to sellers using the arts and crafts marketplace. Etsy said transaction fees would rise to 5%, up from 3.5%. It also said it would charge a $10-per-month access fee, and was preparing to roll out a premium service aimed at larger, better-established vendors.

Etsy shares are extended after a mid-May rebound from support at their 10-week moving average. The stock ended Wednesday 8% below its record high, set just after its IPO in April 2015.

China-based Huya swung up more than 2% in early trade. The streaming online gaming and entertainment platform has a 7% gain for the week through Wednesday. It is extended after breaking out from an IPO base in May, ending Wednesday 224% above its May IPO price.

Pivotal Software, a San Francisco-based developer, vaulted 6.8% in early action. The stock spiked 33% on Wednesday, as analysts ratcheted up price targets following a strong first-quarter report late Tuesday. The gain put shares 43% above an IPO base buy point of 19.72, and 88% beyond its April IPO price.

Two Retailers Tumble On Earnings

Other than Etsy, early indicators were not good for retailers, with Tailored Brands ( TLRD) and Michael's Companies ( MIK) taking steep dives on the heels of their first-quarter reports.

Tailored Brands, owner of the Jos. A. Banks chain, stripped out a 15% premarket decline. The company reported a narrow beat on its first-quarter sales and earnings lines. But the range of second-quarter earnings guidance was low, relative to consensus views. Shares closed Wednesday up 28% from an April breakout, and extended above a rebound from 10-week support.

Craft retailer Michael's also dived 15%. The Irving, Texas-based chain reported earnings above expectations and revenue in line with estimates in its first quarter. But same-store-sales missed analyst targets. The stock has been struggling to recover, within a deep, five-month correction.

ECB To End QE; PBOC Breaks Tradition

Global markets shifted lower following Wednesday's losses in U.S. trade. The People's Central Bank of China disappointed markets there, leaving a key interest rate unchanged. China's long-standing strategy has been to track increases and decreases in U.S. rates, maintaining the spread between the two countries' rates.

Hong Kong's Hang Seng Index dropped 0.9%. In Japan, Tokyo's Nikkei 225 tumbled 1%.

Markets in Europe reversed early losses and surged higher in afternoon trade, after the ECB announced it will wind down its bond purchases by December. The CAC-40 in Paris led, up 0.6%. Frankfurt's DAX posted a 0.3% gain. London's FTSE 100 added 0.2%.

Unemployment Claims Slip, Oil Price Tops $67

First-time unemployment claims continued their decline, slipping to 218,000 in the week ended June 9, according to the Labor Department. That was down from the prior week's 223,000 applications, and ran counter to consensus projections for an uptick to 225,000 claims.

Retail sales jumped in May, with Commerce Department data showing sales growth accelerating to 0.8%, vs. April's 0.4% gain. Forecasts called for another 4% increase. Sales also rose 0.8% minus auto and gasoline, vs. consensus projections for a 0.4% gain.

U.S. benchmark oil prices leaned higher as the global mood turned positive. West Texas Intermediate moved up 0.6% to trade above $67 per barrel. Oil prices steadied above $66 a barrel this week, despite a welter of supply-related news.

Oil prices gained 0.4% higher Wednesday, following official data showing a larger-than-expected 4.1 million-barrel draw on inventories for the week ended June 8. On Tuesday, the Energy Information Administration estimated average U.S. oil production in 2018 at 10.8 million barrels per day, up about 14% from the prior year. Ministers of the Organization of Petroleum Exporting Countries plan to meet, along with partners including Russia, on June 22 to discuss production strategy.

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44. Dow Jones Futures: These 4 Top Stocks In Buy Range Boast Rising Profit EstimatesЧт., 14 июня[−]

Dow Jones futures were little changed Thursday morning, along with S&P 500 futures and Nasdaq futures. That's after the major stock market averages fell modestly Wednesday following another Fed rate hike and policymakers signaling two more are coming this year. Alibaba ( BABA), Red Hat ( RHT), ServiceNow ( NOW) and Veeva Systems ( VEEV) are top stocks in buy zones as well as rising earnings estimates.

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Chinese e-commerce leader Alibaba and software stocks Red Hat, ServiceNow and Veeva Systems are all members of the Rising Profit Estimates list. Ultimately, earnings drive stock prices, and rising estimates suggest the company has momentum and the stock is generating more excitement on Wall Street.

Alibaba, Red Hat, ServiceNow and Veeva Systems all have best-possible 99 Composite Ratings. The IBD Composite Rating combines several proprietary ratings including earnings into a single score. All-time stock winners often have Composite Ratings of at least 95 near the start of their runs.

Alibaba and Veeva Systems are both members of IBD Leaderboard.

Dow Jones Futures Today

Dow Jones futures fell a fraction vs. fair value. S&P 500 futures edged lower. Nasdaq 100 futures were down 0.1%.

Fed Hikes Rates, Guides For Two More

The Federal Reserve hiked interest rates Wednesday afternoon, as expected. Fed policymakers also signaled two more Fed rate hikes are coming in 2018, amid a strengthening economy. That's after previously leaning toward one more hike this year.

The stock market averages weakened somewhat after the Fed rate hike and guidance. The Dow Jones fell 0.5%. The S&P 500 index lost 0.4%. The Nasdaq composite retreated 0.1%.

Alibaba Stock

Alibaba stock cleared a 201.60 double-bottom buy point on June 1 after struggling with the 200 level for a few weeks. The top Chinese stock sank 1.2% to 206.62 in Wednesday's stock market trading.

Red Hat Stock

The Linux software vendor topped a 167.46 flat-base buy point on May 7, but fell back below that entry a few days later. Red Hat stock moved back into a buy zone at the start of June. Shares climbed 0.6% to 174.03.

ServiceNow Stock

The cloud-based ServiceNow moved above a flat-base entry of 176.66 in early May, fell back. It reclaimed the entry the end of last month. ServiceNow stock fell 0.35% to 181.23.

Veeva Stock

Veeva Systems tried a few times to clear a 78.38 flat-base buy point a few times last month, but finally closed above it on June 1. On Wednesday, Veeva stock rose 0.8% to 81.67.

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45. Tech Stocks Fade As Fed Raises Rates; Netflix Bucks Trend, Leads FANG StocksСр., 13 июня[−]

Tech stocks were in favor for most of Wednesday's session as the Nasdaq composite marked another all-time closing high. But a 0.6% intraday gain faded by the close. The Federal Reserve, as expected, hiked its key lending rate by a quarter point to a range of 1.75% to 2%. After today's hike, it sees two more for the rest of the year, although futures traders aren't so sure. According to the CME Group FedWatch tool, futures traders only see a 47% chance of a fourth rate hike at the December meeting.

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Top-performing tech stocks in the Nasdaq 100 included Leaderboard name Netflix ( NFLX). Video game makers Electronic Arts ( EA) and Take-Two Interactive ( TTWO) also outperformed. So did media stocks like 21st Century Fox ( FOX) and Dish Network ( DISH) after the AT&T ( T)/Time Warner ( TWX) merger was approved without conditions late Tuesday.

Shares of Comcast ( CMCSA) fell slightly ahead of news it's bidding $65 billion for 21st Century Fox. Dow component Walt Disney ( DIS) is another suitor of 21st Century Fox. Shares of Disney reversed higher in the Dow after falling 1.6% intraday.

At the close, the Nasdaq was down 0.1%, the Dow Jones industrial average lost 0.5% and the S&P 500 gave back 0.4%. Preliminary data showed volume on the NYSE and Nasdaq coming in slightly higher than Tuesday's levels.

Tech Stocks On The Move

On the earnings front, Pivotal Software ( PVTL) was one of the best performing tech stocks, rising 33%. A strong earnings report fueled gains. The enterprise software name isn't profitable yet, but sales have been impressive in recent quarters. In the latest quarter, sales growth accelerated for the second straight quarter, rising 28% to $155.7 million.

Group peer and IBD 50 name Paycom Software ( PAYC) scored its fourth straight gain, rising 1% to 111.72. Its current consolidation shows a 118.55 buy point.

Also in the IBD 50, Palo Alto Networks ( PANW) extended gains after a heavy-volume bounce off the 50-day moving average Tuesday. Shares rose another 2.7% Wednesday.

Meanwhile, a recent breakout from a double-bottom base for Grubhub ( GRUB) gained more traction Wednesday. It gained for the second straight session in heavy volume, rising 2.8%.

Interest-rate sensitive homebuilders lagged badly Wednesday, with the group as a whole down more than 3%.

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46. FAANG Stocks, Nasdaq Hold Firm After Fed Hike; How Far Can Netflix Rise From Here?Ср., 13 июня[−]

IBD Leaderboard play Netflix and other FAANG stocks helped the Nasdaq limit losses in stocks today after the Federal Reserve boosted short-term interest rates for the second time this year.

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The U.S. central bank has now raised the cost of borrowing money by a quarter point for the seventh time since it began doing so in December 2015.

The Nasdaq composite gained around 0.3% and hit new all-time highs Wednesday before cooling off on the Fed's 2 p.m. ET announcement.

In its statement, the FOMC committee expressed confidence that the U.S. economy is growing stronger, as "activity has been rising at a solid rate." In the Fed's May 2 news release, the central bank noted that the U.S. economy was rising at "a moderate rate."

At the session high of 7748, the index has now marched 12.2% higher since Jan. 1. On IBD Leaderboard, the year-to-date gains have been steeper.

Consumer Firms Still Lead

Lululemon ( LULU), which initially joined the Leaders list on Leaderboard on Feb. 7, has jumped 61% since Jan. 1. Shares in the premium-priced yogawear and sports apparel firm have also ramped up more than 50% since it roared off the 10-week moving average in late March, triggering a buy signal. On Wednesday, the stock backtracked into slightly negative territory after rising 1.9% to as high as 127.34.

Fast-growing Etsy ( ETSY) and Five Below ( FIVE), two more consumer spending-oriented names on Leaderboard, have also scored market-smashing gains.

The S&P 500 fell 0.2% as declines in wood products, homebuilding, mortgage service, paper, auto parts, department store and oil and gas machinery stocks offset strength in wholesale drug supply, movie, gaming software, drugstore chain and computer networking firms.

The Dow Jones industrial average eased less than 0.2%. The Dow Jones utility average fell fractionally, but at 665 the sector index has dropped more than 8% so far this year. The yield on the benchmark U.S. Treasury 10-year bond rose 3 basis points to 2.99%, still below its May 17 peak of 3.11%.

Volume is running sharply higher on both the Nasdaq and the NYSE vs. the same time Tuesday.

Gauging The Run By Netflix

Going back to Netflix, shares bolted more than 4% higher and got as high as 384.25. Volume is running at a 127% faster than usual pace after Goldman Sachs reportedly boosted its long-term price target to $490 from $390. Analyst Heath Terry forecast that in 2019 the video streaming firm would garner 32.5 million net new subscribers. That well exceeds Wall Street's consensus estimate of 26 million net new adds.

The very best companies in terms of fundamentals and stock price strength are able to launch breakouts from third, fourth, and even fifth stage bases. But later-stage bases always carry a higher risk of failure and a significant price correction.

Netflix hauled out of a first-stage base at 107.07 in October 2016, then broke out again in the week ended July 21, 2017. Shares cleared a 166.97 buy point in a six-week cuplike base, then ramped up more than 20% before forming a third-stage base.

More recently, Netflix surpassed a 338.92 follow-on entry point after testing support at the 10-week moving average in both March and April.

Breathtaking Fundamentals

In the year 2009, Netflix scored $1.67 billion in annual revenue. Last year, the top line grew 32% vs. the prior year to $11.69 billion. So over the past eight years, Netflix's revenue has not only risen 600%, but it's also achieved a compounded annual growth rate of 27%.

Earnings have climbed from 28 cents a share to $1.25 over the same time frame.

Analysts polled by Thomson Reuters see the Los Gatos, Calif., company growing earnings 129% this year to $2.86 a share on a 38% jump in revenue to $16.1 billion.

The Street also sees Netflix's top line shattering the $20 billion barrier in 2019.

FAANG-tastic

Other FAANG stocks continue to act well.

Alphabet ( GOOGL) edged up 0.2% for a third up day in a row. The Google search engine owner has formed a seven-day handle on its new double bottom.

In Alphabet's double bottom base, the second sell-off took shares down to 984, undercutting the early February sell-off low of 997.

An undercut of the first low is good action within this type of base, and the middle peak in between the two sell-offs plus 10 cents offers a standard buy point.

So in Alphabet's case, the buy point of 1,178.26 offers a proper entry for growth investors. But the new downward slanting handle, formed in light volume, offers a lower buy point at 1,161.20.

Microsoft ( MSFT), part of the so-called "FAAMG" megacap tech clan, continues to inch higher and is near new highs. At 101.33, the cloud computing, business software and computer and video game console giant remains within the 5% buy zone after a breakout past 97.34 in a six-week flat base.

In the March-ended fiscal third quarter, Microsoft posted a 16% boost in earnings to 95 cents a share. That's on top of a 30% increase in the year-ago quarter. Fiscal Q3 revenue accelerated 16% to $26.82 billion. That marked the biggest year-over-year top-line increase in 14 quarters.

Short Sellers Attack TAL

In other stocks today, TAL Education ( TAL), ranking No. 9 in the IBD 50, fell sharply on reports that short selling firm Muddy Waters said it's sold shares short. The Carson Block-led firm reportedly accused the for-profit school operator of overstating its earnings from fiscal 2016 to fiscal 2018, ended in February that year.

The stock slumped as much 16% to a session low of 38.41 before recouping some of those losses. The stock undercut the 50-day moving average but quickly gained institutional buying support.

On May 10, TAL broke out of a six-week cup without handle, but heavy volume was absent. Ideally, a breakout should involve a minimum 40% to 50% increase in volume vs. the 50-day average.

All daily charts in Investors.com and MarketSmith show the 50-day average turnover as a red line drawn across the volume bars at the bottom of each chart.

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

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47. Bulls Wary As Stock Market Awaits Fed; Ferrari Breaks OutСр., 13 июня[−]

Bullish stock investors were selectively adding shares late Wednesday morning, as the Federal Reserve's decision on interest rates loomed. Fed chief Jerome Powell is expected to announce a quarter point hike in rates.

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The Nasdaq popped 0.5%, while the S&P 500 and the blue chip Dow Jones industrial average each added 0.1%. Small caps were flat, as the Russell 2000 was just under the break-even line.

Volume was running modestly higher on both major exchanges vs. the previous session's pace.

Italian carmaker Ferrari ( RACE) gapped up 3% in volume 80% above average. The stock cleared a 141.66 buy point. There was no obvious catalyst, but in quarterly results reported in May, Ferrari jacked up sales 16%. The 16% revenue increase matched the best growth in 15 quarters.

Ferrari's 22.8% pretax margin last year was its best in at least six years and the highest among 16 stocks in the automaker group. Ferrari is No. 1 in Stock Checkup at Investors.com in both the Composite and Relative Price Strength ratings. Both use a scale of 1 (poor) to 99 (excellent).

In the IBD 50, a list of the best stocks in fundamentals and technicals, winners led losers by a 2-1 ratio. Top percentage gainers included leisure-sector play Netflix ( NFLX), up 2.5% to 373.20. Volume was 105% above average.

CNBC reported that Goldman Sachs analysts raised the price target on Netflix from 390 per share to 490. Goldman also confirmed its buy rating on Netflix.

Netflix is a member of IBD Leaderboard.

Among IBD's 197 industry groups, staffing services led the upside, while homebuilders took the hardest hits.

Rate Hike

At 2 p.m. ET, the Fed will release a statement. Interest rates are likely to be nudged up a quarter point to a range of 1.75% to 2%. This would be the highest rate since September 2008. Fed chief Powell will conduct a press conference after the release.

(For updates on this story and other market coverage, check IBD's stock market news today.)

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48. Stocks Up Ahead Of Fed Decision; This FANG Stock Hits An All-Time HighСр., 13 июня[−]

The stock market held minor gains in early trade Wednesday, ahead of the Fed's interest rate decision at 2 p.m. ET. The Fed is widely expected to announce a quarter-point rate hike. Meanwhile, FANG stock Netflix ( NFLX) advanced to new highs. (For updates on this story and other market coverage, visit stock news today)

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The tech-heavy Nasdaq moved up 0.3%, while the S&P 500 rose 0.1%. The Dow Jones industrial average edged higher.

Among the Dow stocks, Verizon Communications ( VZ) faltered almost 2%, giving up both the 50- and 200-day moving average lines.

Leading payment processor Square ( SQ) was cut from buy to neutral at Buckingham, but the stock reversed early losses and rose almost 1%. Shares hit a new high Tuesday and are well extended from a double bottom's 52.60 entry.

Among the FANG stocks, video streaming platform Netflix led the day's action with an over-2% rise. The IBD Leaderboard stock is at an all-time high and is extended from a 338.92 flat-base buy point. Volume has been underwhelming since the breakout, but is tracking about 100% above average in early trade — a bullish signal.

Big Cap 20 member Edwards Lifesciences ( EW) rose about 1.5% early Wednesday, as a recent breakout continues to gain traction. Shares broke out above a flat base's 143.32 entry on June 4. The stock is on the cusp of being extended amid a six-day win streak. Early this week, the stock's relative strength line hit a new high to confirm the stock's significant outperformance vs. the broad market.

Twitter ( TWTR) moved up another 1% Wednesday. Shares are above the 20%-25% profit-taking level from a 33.88 cup-with-handle entry, according to MarketSmith chart analysis.

Inside The IBD 50 Stocks

Among the top growth stocks, Palo Alto Network's ( PANW) rebound from the 50-day line continued. Shares rallied another near-2%, adding to Tuesday's 4.4% rise.

Meanwhile, Grubhub ( GRUB) looked to extend a win streak to three trading sessions with a 1.7% advance. The stock hit a new high and is gaining strength after a breakout above a 105.78 double-bottom entry.

On the downside, recent breakout and IBD Stock of the Day BofI Holding ( BOFI) slid about 3% to fall below its 43.60 flat-base entry.

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49. Stocks Open Higher On AT&T Ruling; Fed Vote, Oil Data LoomСр., 13 июня[−]

Stocks crept higher at Wednesday's open as telecom and entertainment stocks continued to respond to Tuesday's U.S. district court ruling allowing AT&T ( T) and Time Warner ( TWX) to merge. Beyond the sectors affected by the ruling, markets set up in a holding pattern ahead of this afternoon's policy announcement from the Federal Reserve.

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21st Century Fox ( FOX) led early advancers, with Time Warner, Discovery Communications ( DISCA) and CBS ( CBS) also making strong, related moves. AT&T, Comcast ( CMCSA) and H&R Block ( HRB) posted some of the heaviest early declines.

The Dow Jones industrials and the S&P 500 fought to hold fractional gains. The Nasdaq Composite gained almost 0.2%.

AT&T/Time Warner Ruling Triggers Media Scramble

A federal judge in Washington late Tuesday threw out the U.S. Justice Department's effort to block AT&T's $85.4 billion acquisition of Time Warner. The judge said the DOJ case, which echoed promises made by Donald Trump during his 2016 presidential campaign, was too weak to consider an appeal.

The ruling throws open the door to a broad range of restructuring among telecom and entertainment names struggling to adapt to competition brought by Netflix ( NFLX), Facebook ( FB), Alphabet's ( GOOGL) Google and other huge new-media venues. (For updates on this story and other market coverage, visit stock news today)

Meanwhile, Disney inched up 0.5%. Disney inked a $52.4 billion deal in December to acquire the bulk of 21st Century Fox. But Comcast also wants those assets, and investors anticipate a bidding war now that the AT&T-Time Warner deal has gone through. In response, Comcast dropped 3.3%. Fox vaulted 7% higher.

As a result, 21st Century Fox and Discovery Communications posted the two largest premarket gains among Nasdaq 100 issues. Fox, Time Warner and CBS led the S&P 500.

While H&R Block dived to the bottom of the S&P 500 on disappointing quarterly results, Comcast and AT&T held the next-largest declines. Comcast was the worst performer among Nasdaq 100 stocks in premarket trade.

Merck Rises On FDA Review; Netflix, Twitter Jump

On the Dow, Intel ( INTC) and Goldman Sachs ( GS) set up early leads, up 0.6% apiece. Merck ( MRK) ticked 0.2% higher. The Food and Drug Administration agreed to a priority review to possibly expand the permissible age range for Merck's human papillomavirus vaccine, Gardasil 9. Merck shares are in a buy range above a 61.10 buy point in a bottoming base.

Among FANG stock tech leaders, Netflix jumped 1.8%. The IBD Leaderboard stock is extended above a flat base following a breakout in May.

On the IBD 50 list, Twitter ( TWTR) again swung to an early lead, up 1.2% at the open. The stock is working on its fourth straight weekly gain since clearing a 33.88 buy point in a cup-with-handle base in May. Shares are up more than 20%, placing the stock in a profit-taking zone.

Earnings: Pivotal, Korn Ferry, Bitauto Spike

Pivotal Software ( PVTL) blasted 19% higher, sending the April IPO to take a new high. Pivotal reported after Tuesday's close fiscal first-quarter revenue that blasted past analyst expectations, while losses were less than forecast. The San Francisco-based company also hoisted second-quarter earnings and revenue guidance above estimates. The stock is extended after clearing an IPO base on June 6, ending Tuesday up 41% from its April IPO at 15 a share.

Korn Ferry International ( KFY) jetted ahead 20% following its fiscal fourth-quarter report. The staffing services firm's results topped analyst expectations, particularly on the revenue line. Management issued strong first quarter earnings and revenue guidance, and announced a rebranding plan that would collect the company's sub-brands under a single name. Shares are extended, up 25% since clearing a flat base in March.

China-based Bitauto Holdings ( BITA) jumped 9%. The online auto shopping and marketing service turned in first-quarter earnings slightly below consensus targets. But revenue topped views by a wide margin. The stock ended Tuesday 45% above an April low, attempting to climb the right side of a deep, eight-month consolidation.

H&R Block careened 20% lower. The accounting firm reported fiscal fourth-quarter sales and earnings comfortably above analysts targets. Full-year revenue guidance was just below consensus expectations, however, as the company said discount pricing would affect its top-line performance. The stock had been climbing the right side of an 11-month base.

Fed News Could Cause Late Shift

Banks, financial stocks and other interest-rate sensitive portions of the market could kick into action late in Wednesday's session. That would depend on the outcome of the Federal Reserve's policy announcement, which comes out at 2 p.m. ET, and press conference, which begins at 2:30 p.m. The market has for the most part baked in expectations for a quarter-point rate hike, putting the Fed's target at between 1.75% and 2%. But hints as to whether Fed strategy might include one or two more rate increases during the remainder of the year could cause adjustments, and a shift in tone, late in the session.

Oil Price Eases Ahead Of Data

Oil prices could also factor into Wednesday's action, pending the results of weekly data due out from the Energy Information Administration at 10:30 a.m. ET. Weekly data from the American Petroleum Institute on Tuesday showed a lighter-than-anticipated 730,000-barrel decrease in oil inventories (vs. forecasts for a 2.7 million-barrel decline). Gasoline supplies unexpectedly rose by 4.3 million barrels. West Texas Intermediate futures traded 0.6% lower ahead of the open, dipping just below $66 per barrel.

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50. Tesla Helps Nasdaq To 0.6% Gain; Twitter Leads S&P 500 As Growth Stocks ShineВт., 12 июня[−]

Another strong day for Tesla ( TSLA) helped the Nasdaq composite to a 0.6% gain Tuesday. Small caps outperformed along with the Nasdaq, while the NYSE indexes lagged.

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At the close, the Nasdaq outperformed, rising 0.6%. Tesla was a big gainer in the Nasdaq 100, although the stock more than halved a 6.9% intraday gain. Other strong gainers in the Nasdaq 100 included China-based JD.com ( JD), Automatic Data Processing ( ADP) and Workday ( WDAY).

The S&P 500 edged up 0.2%, while the Dow Jones ended mostly flat. Preliminary data showed volume on the NYSE and Nasdaq coming in slightly higher than Monday's levels.

Small caps outperformed and the IBD 50 turned in another solid showing. The Innovator IBD 50 ET ( FFTY) jumped 1.6% to an all-time high. Top gainers included Twitter ( TWTR), Grubhub ( GRUB) and Palo Alto Networks ( PANW). Shares of Twitter jumped 5%, helped by positive comments from JPMorgan.

Tesla Stays In Rally Mode

Tesla stock ended off highs but still rose 3% after KeyBanc gave an optimistic forecast for Model 3 deliveries and raised its revenue guidance for the current quarter. Separately, Tesla on Tuesday announced plans to cut about 9% of its workforce.

Tesla broke out of a downtrend last week when shares jumped nearly 10% on June 6 in heavy volume.

RH Soars On Earnings

In stock market results today, RH ( RH) was a huge winner in the retail sector, surging more than 30% in heavy volume. A big earnings beat and bullish earnings guidance were the catalysts.

Small cap KMG Chemicals ( KMG) was another earnings winner. Shares jumped 12% to 79.26. Headed into today, it was just below a 70.70 entry.

Elsewhere, Molina Healthcare ( MOH) cleared a 91.25 buy point Tuesday, rising nearly 5% to 95.16.

Defense stocks lagged on the heels of the summit between President Trump and North Korea's Kim Jong Un. Raytheon ( RTN) slumped nearly 3%, while Northrop Grumman ( NOC) gave back 1.5%.

The two-day Federal Reserve meeting started Tuesday and a decision on interest rates will be out Wednesday at 2 p.m. ET. The Federal Open Market Committee is widely expected to raise its federal funds rate by a quarter point to a range of 1.75% to 2%.

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51. Tesla Helps Nasdaq Index Rise After Trump-Kim Summit; 4 New Reasons To Stay Bullish In StocksВт., 12 июня[−]

Tesla kept charging higher and continued to work on its new base, while software companies also helped sustain the Nasdaq composite's leadership in stocks today. Meanwhile, the market presents at least four new reasons why investors should stay bullish on growth stocks.

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The tech-rich Nasdaq composite gained more than 0.5%.

At that level, the premier index for growth stocks has now climbed 509% from its March 2009 low of 1265.

The S&P 500, hampered by sell-offs in the ship transport, meat, oil drilling, mortgage services, and aerospace and defense industries, was mostly flat after rising nearly 0.3% intraday. The Dow Jones industrial average edged about 0.2% lower. Volume was running mildly higher vs. the same time on Monday on both main exchanges.

Kirby ( KEX), part of IBD's fourth-ranked Transport-Ship industry group, sailed sharply lower. Shares dropped as much as 4.7% to an intraday low of 86.05 and undercut the key 50-day moving average for the first time since it broke out of a seven-week flat base at 81 in April.

The stock is a member of the IBD Leaderboard stock-picking service and one of two Leaders list stocks that are linked to the oil and gas industry. The other stock, Marathon Oil ( MRO), is a half-position stock on Leaderboard and is treading sideways after rising 18% past an 18.76 proper buy point.

Kirby rose as much as 16% past the proper buy point before sliding in recent days.

Watch to see how the specialist in the transport of petroleum-based products and repairer of diesel engines handles the current pullback. This Investor's Corner discusses how a big undercut of the 50-day moving average (see a daily chart) or the 10-week line (weekly chart) can present a timely sell signal to lock in gains.

The positive step forward toward a goal of a nuclear-weapon-free Korean Peninsula is hurting names such as Lockheed Martin ( LMT), Raytheon ( RTN) and L3 Communications ( LLL).

Raytheon, down 2.5%, has been cooling off beneath its 50-day moving average. Watch for a new potential base to form.

Meanwhile, futures traders are counting a virtually 100% probability that the Federal Reserve will execute another quarter-point hike in short-term interest rates on Wednesday. The U.S. central bank has been raising rates since December 2015, when the fed funds rate rose to a target range of 0.25%-0.5%.

Tesla ( TSLA), as noted in this recent Stock Market Today column, is still fashioning the right side of a brand-new base. However, the stock is still feeling the overhead supply of sellers near 350, a critical level of upside price resistance. At 341, the stock is now less than 13% below its all-time peak of 389.61.

Sentiment appears to be warming to the high possibility that the electric-vehicle pioneer is getting past serious difficulty in ramping up Model 3 production. On Tuesday, CEO Elon Musk announced a 9% cut in total staff, centered on salaried employees. A company memo to employees said that no production associates got laid off.

The company seeks to get profitable while also meeting the tremendous demand for its entry-level all-electric car. The planned staff cuts should reduce total headcount to 37,000.

Tesla shares show a terrible Relative Price Strength Rating of 25 on a scale of 1 to 99. But as seen in IBD Stock Checkup, the Accumulation/Distribution Rating has improved to a B on a scale of A to E. A rating above the neutral C grade means that over the past 13 weeks, institutions have likely been accumulating the stock on net.

In IBD's automakers group, only Ferrari ( RACE) and General Motors ( GM) show better Accumulation/Distribution ratings than Tesla at A- each. Analysts surveyed by Thomson Reuters see Tesla swinging from a net loss of $6.82 a share in 2018 to a net profit of $2.46 a share in 2019. Both estimates have recently moved up.

Reasons To Stay Bullish

Meanwhile, the market is showing at least four new reasons why the stock market's six-year bull run (after a 20%-plus correction in 2011) may have more room to run.

One, market breadth continues to improve. The Nasdaq's advance-decline line has been climbing for five straight weeks. This means that more stocks are advancing than declining. This also means that more high-rated stocks stand a chance of breaking out.

Two, the new highs list remains robust. As seen in Monday's IBD-screened list, a total 325 stocks on the Nasdaq and NYSE hit 52-week or all-time highs, swamping the 42 names making new lows. More stocks hitting new highs boost the probability of breakouts.

Three, leading stocks are outperforming the major indexes.

Among the top 10-ranked names in the IBD 50, the average gain approached 3%.

Is Investor Optimism Too Hot?

Four, investor sentiment is not wildly optimistic. On Tuesday, the put-call volume ratio stood at 0.68. During the March 2000 tech market top, this ratio of bearish put options to bullish call options sank beneath 0.4. Such a low ratio pointed to a severe evaporation of bearish sentiment among options traders.

The Investors Intelligence report on newsletter editors also shows the bullish ratio at 52.9%, well below its mid-January peak of 66%. That high reading preceded the early-February sell-off.

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52. Nasdaq, Small Caps Lead While Rest Of Market Snoozes, But This Sector Falls On North Korea TalksВт., 12 июня[−]

The Nasdaq composite made a record high Tuesday and small caps also led, but the other major indexes were largely muted.

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The Nasdaq climbed 0.6% and edged past a previous high marked on Thursday. Solar power, fiber optics, software and biotech industry groups contributed to the Nasdaq's advance.

But the S&P 500 rose less than 0.2% and the Dow Jones industrial average was nearly flat. Small caps acted much better, with the Russell 2000 adding 0.6% and also making a record high. Volume was tracking higher compared with the same time Monday.

Wall Street may be cautious ahead of the Federal Reserve's interest-rate policy announcement Wednesday afternoon. It's also keeping an eye on the European Central Bank, which may announce that it's ending its bond-buying program. The Treasury market was quiet, with the yield on the 10-year Treasury note almost unchanged at 2.96%.

Twitter ( TWTR) extended a fabulous run from a breakout past 33.88, the buy point from a cup-with-handle base. Volume and price action were slow to get going but picked up quickly starting May 29.

Twitter was the best-performing stock on the IBD 50, which was up 1.2%. JPMorgan raised the price target to 50 from 39, citing a good outlook for the company's advertising market.

Apparel's Latest Winner

Land's End ( LE) soared 25% as it broke out of a base in huge volume. The stock gapped past the 24.05 buy point after the apparel company beat profit expectations. Land's End reported a 12% rise in sales for the April-ended quarter to $299.8 million. That's a modest acceleration from gains of 3%, 4% and 11% the previous quarters.

The surge was just the latest in a series of big gains in apparel and other consumer-related stocks.

BlackLine ( BL) broke out of a base-on-base formation with a 45.29 buy point. Volume was heavy. One possible flaw was that the relative strength line has not made a new high. BlackLine, a cloud-based accounting software firm, has yet to post an annual profit, but has been profitable the past two quarters. Sales increased 34% to 46% the past four quarters.

Wall Street had practically no reaction to apparent good results from the U.S.-North Korea summit in Singapore today. Although short on specifics, the two nations agreed on a broad plan for "denuclearization" of North Korea.

Nonetheless the news did impact one sector: With geopolitical tensions easing, defense stocks were one of Tuesday's worst-performing industry groups. IBD's aerospace and defense industry group fell 0.7%, putting it in the bottom 12 groups for the day.

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The post Nasdaq, Small Caps Lead While Rest Of Market Snoozes, But This Sector Falls On North Korea Talks appeared first on Investor's Business Daily.


53. Breakouts Scarce In Stock Market, But RH SoarsВт., 12 июня[−]

U.S. stock indexes advanced cautiously late Tuesday morning, after news on the U.S.-North Korea negotiations and the Federal Reserve's meeting excited neither the bulls nor the bears.

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The Nasdaq grinded 0.5% higher, while the Dow Jones industrial average was just above the break-even line. The large-cap S&P 500 edged up 0.2%, but the small-cap Russell 2000 rose 0.5%.

Volume rose modestly on both major exchanges compared with the same time Monday.

President Trump's talks with North Korean dictator Kim Jong Un brought quiet reactions in world stock markets. The one exception was China's Shanghai Composite, which popped 0.9%.

Some market watchers say China was the summit's real winner. Trump agreed to halt U.S.-South Korean military exercises, something China has suggested for years.

The market's muted action suggested that the summit's outcome was a nonevent, as far as institutional investors are concerned.

Meanwhile, the Federal Reserve began its two-day meeting. A quarter-point interest rate hike is expected to be announced Wednesday. CME Group's FedWatch Tool sees a 91.3% likelihood of a rate hike to the 1.75% to 2% range. Rates currently are set at 1.50% to 1.75%.

Comerica Rises

The superregional banks group, an expected beneficiary of higher rates, rose 0.9% but then faded to a 0.4% gain.

Within the group, Comerica ( CMA) led with a 1.9% gain. The stock has shaped a flat base with a potential buy point at 102.76. Comerica is about 6% off its high.

Among IBD's 197 industry groups, the day's leaders included home furnishings, automakers, oil explorers and software. On the downside, shippers and airlines fell.

In upscale home furnishings, RH ( RH) gapped up 35% in follow up to strong quarterly results. The company also raised guidance. RH was formerly known as Restoration Hardware.

Tesla ( TSLA) boosted the automaker group with a 5% gap up in strong volume. The stock is 10% off its high. Tesla has lost money in each of the past three years. The Street doesn't expect a profit until 2019.

Breakouts were sparse Tuesday, but Molina Healthcare ( MOH) stabbed 4% higher in heavy volume. The midcap stock cleared a 91.25 buy point and scored a new high. Molina is a slow grower. The company's five-year earnings growth rate is 7%.

Economic Data

In economic reports, the National Federation of Independent Business posted its optimism index for May. The gauge registered 107.8, which was above the consensus view for 105.2 and above the highest estimate in the range (106.4).

The consumer price index for May rolled in at 0.2%, as expected.

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The post Breakouts Scarce In Stock Market, But RH Soars appeared first on Investor's Business Daily.


54. Tech Stocks Lead; Analysts Boost Tesla And This Surging Internet StockВт., 12 июня[−]

The stock market was mixed early Tuesday after President Trump and North Korean leader Kim Jong Un signed a historic agreement to establish a "peace regime" on the Korean Peninsula. Meanwhile, Tesla ( TSLA) stock and Twitter ( TWTR) stock surged on positive analyst commentary. (For updates on this story and other market coverage, visit stock news today)

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The tech-heavy Nasdaq moved up 0.3%, while the S&P 500 rose 0.1%. The Dow Jones industrial average edged lower.

Among companies reporting earnings, RH ( RH) skyrocketed 27% after reporting better-than-expected Q1 earnings and higher 2018 guidance. Shares are at an all-time high.

Meanwhile, Dave & Buster's Entertainment ( PLAY) jumped 14% on strong Q1 earnings results. Shares are surging since May 18, rising over 40% off the lows. The stock has regained control of its long-term 200-day moving average line.

Electric automaker Tesla jumped 3% after KeyBanc raised its Model 3 delivery estimates and raised its revenue expectations for the current quarter. Tesla stock is at its highest level since mid March and is back above its 200-day moving average line.

Twitter rose nearly 6% after JPMorgan boosted its price target on the social media stock from 39 to 50. The analyst cited strengthening ad momentum among large marketers. Shares are in the 20%-25% profit-taking level from a 33.88 cup-with-handle entry, according to MarketSmith chart analysis.

PayPal ( PYPL) continues to trade around its double bottom's 84.09 buy point. Shares broke out on June 4, but haven't made any meaningful upside progress. The stock is in the 5% buy range that tops out at 88.29 with Tuesday's 1% rise.

Inside The IBD 50 Stocks

Among the top growth stocks, Floor & Decor ( FND) moved up over 1%, as the retailer continues to trace the right side of a cup-shaped base. A previous breakout above a 51.58 buy point triggered the 7%-8% loss-cutting sell signal.

Meanwhile, Palo Alto Networks ( PANW) is rebounding from its 50-day line with an over-2% advance Tuesday. Shares have moved up nicely since a breakout above a 156.95 cup-shaped buy point.

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The post Tech Stocks Lead; Analysts Boost Tesla And This Surging Internet Stock appeared first on Investor's Business Daily.


55. Nasdaq Leads, Dow Jones Stocks Wobble; Tesla, Twitter RiseВт., 12 июня[−]

Stocks opened to narrow gains Tuesday, as the Nasdaq led and Dow Jones stocks struggled to hold in positive territory. Markets looked largely past the uncertain results of Tuesday's U.S./North Korean summit, and toward a Federal Reserve rate policy decision due out Wednesday afternoon.

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Investors awaited detail on McDonald's ( MCD) restructuring plans. Twitter ( TWTR) received a price target hike and Tesla ( TSLA) earned an upgraded production outlook from an analyst. RH ( RH) was the market's blowout winner at the starting bell, up 23% after reporting a quadruple-digit EPS gain in its first-quarter report late Monday.

The Dow Jones industrial average inched up 0.1%. Caterpillar ( CAT) led and UnitedHealth Group ( UNH) slipped lowest among Dow Jones stocks. the Nasdaq Composite climbed 0.3%, with Tesla at the top of the list. The S&P 500 ticked 0.1% higher.

Late-day selling dragged indexes off their highs on Monday, leaving Dow Jones stocks struggling to hold the index in positive territory. The S&P 500 managed a 0.1% advance, and the Nasdaq Composite added 0.2% as Tesla notched the strongest move among Nasdaq 100 stocks. The market's overall action, and the fact that Dow Jones stocks managed to remain positive, reinforced the market's " confirmed uptrend" status. (For updates on this story and other market coverage, visit stock news today)

Federal Reserve Meeting Begins

Bonds traded flat with the 10-year yield hovering just below 2.97% as the Federal Open Market Committee prepared to swing into its two-day meeting in Washington, D.C. The Fed plans to announce a policy decision Wednesday afternoon, followed by a press conference with Fed Chair Jerome Powell. Markets fully anticipate a quarter-point rate hike. Investors will be attuned to Powell's comments, in search of views on whether one or two more increases might be in store for the remainder of the year.

Consumer prices edged up in May, the Labor Department reported, lifting the Consumer Price Index 0.2%. That equaled April's change and fell in line with consensus targets. Core prices, minus energy and food, also rose 0.2%. above April's 0.1%, but also in line with economist targets.

Trump-Kim Summit

The meeting in Singapore between Donald Trump and North Korea's Kim Jong Un was historic, but produced little more than a statement of intent between the two countries. Trump pledged to suspend joint military exercises between the U.S. and South Korea. He added the U.S. would "provide security guarantees" to the North. Kim reaffirmed his pledge to the "complete denuclearization of the Korean Peninsula." Trump said economic sanctions against the North — which his administration had tightened in order to force Kim's hand — would remain in place "in the meantime."

China and South Korea partnered in the diplomatic preparations for the summit. South Korean President Moon Jae-In broke ground by meeting with Kim in April. Kim made his first-ever visits into China, for negotiations in April and May.

The rise in diplomatic goodwill had little effect on Asia's markets Tuesday. China's Shanghai Composite surged 0.9%, while the Hong Kong Hang Seng index nudged up 0.1%. In Japan, Tokyo's Nikkei 225 added 0.3%.

Markets in Europe improved and turned mixed in afternoon trade. London's FTSE 100 remained down 0.3%. The CAC-40 in Paris narrowed its loss to a fraction. Frankfurt's DAX added 0.1%.

Tesla, Twitter Rise; McDonald's Paces Dow Jones Stocks

Among Dow Jones stocks, McDonald's rose 0.3% ahead of Tuesday's town hall meeting. The fast-food leader planned to outline restructuring plans at the gathering, which are expected to include an uncertain number of layoffs. A company memo released Monday from McDonald's USA President Chris Kempczinski said employees to be laid off will be notified by June 28.

McDonald's is shaping a possible handle on a four-month-long cup base. The stock is back above technical support, but its Relative Strength line continues to lag.

Tesla once again ran to the head of the Nasdaq 100, up 3% at the open. KeyBanc raised its second-quarter production forecast on Tesla, citing signs of a "meaningful ramp" in Model 3 volumes. On Sunday, Tesla Chief Executive Elon Musk tweeted that the company "will begin to enable full self-driving features" in August. The stock decisively moved above its 40-week moving average with a 4.5% gain in heavy trade Monday. Shares are now up 40% from an April low, and well up the right side of a possible, three-month base pattern.

On the IBD 50 list, Twitter led, jumping 4.5% after JPMorgan ratcheted up the stock's price target to 50, from 39. The note said value for Twitter advertisers was increasing, based on six-quarters of double digit growth in users, and an improving product. Twitter is extended more than 20% above a 33.88 buy point in a cup-with-handle base. That puts the stock in a profit-taking zone.

Earnings News: RH Scores Blowout, H&R Block Reports Late

In earnings news, RH — formerly Restoration Hardware — spiked 23% after reporting a blowout first-quarter earnings beat late Monday. Shares are extended after breaking out above a 109.63 buy point in a late-stage base on June 7.

H&R Block ( HRB) slipped 0.3% in early action, ahead of its fiscal fourth-quarter report, due out after today's close. Analysts expect a 40% jump in earnings, after three quarters of losses. The stock on Monday was 9% below a 31.90 buy point in an 11-month base.

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56. Dow Jones Futures Dip As Trump, Kim Pledge Peace; These 4 Stocks Are Big MoversВт., 12 июня[−]

Dow Jones futures dipped Tuesday morning, as President Donald Trump and North Korean leader Kim Jong Un signed a pledge to nuclearize, but with few details. S&P 500 futures and Nasdaq futures also edged lower. RH ( RH), Dave & Buster's ( PLAY), Urban Outfitters ( URBN) and KMG Chemicals ( KMG) rose late. Meanwhile, Google parent Alphabet ( GOOGL) has formed a new buy point.

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Urban Outfitters, KMG Chemicals and Alphabet boast Composite Ratings of at least 95, a hallmark of big stock market winners. RH, formerly Restoration Hardware, has a good-but-not great 88 Composite Rating out of 99, but improving earnings and stock price performance bode well for continued improvement. Former leader Dave & Buster's has a mediocre 59 CR.

Trump-Kim Summit

President Trump and Kim Jong Un began their historic meeting in Singapore shortly after 9 a.m. Tuesday local time, or 9 p.m. ET Monday.

The Trump-Kim summit agreement had no timetable and no clear path to peace. The document lacked the key phrase, "complete, verifiable and irreversible." He did say that he would suspend "very expensive" U.S-South Korea military exercises and said he would like to remove American troops from South Korea.

Trump defended the agreement as "very comprehensive," but admitted more work needed to be done. Trump said U.S. sanctions will remain until North Korea's nuclear program is "no longer a problem." He praised Kim for entering into negotiations with the U.S., a longtime foe.

"People thought this could never take place," Trump told reporters. "It's a very great day, it's a very great moment in the history of the world."

If nothing else, the risk of a violent clash between two nuclear powers has receded after months of increasing threats from both sides.

Dow Jones Futures

Dow Jones futures were less than 0.1% below fair value. So were S&P 500 futures and Nasdaq 100 futures.

Investors also are looking ahead to the two-day Fed policy meeting, which starts today.

Keep in mind that stock market futures and other overnight action often don't translate into trading in the next regular session.

During Monday's stock market trading, the Nasdaq composite rose 0.2%, the S&P 500 0.1% and the Dow Jones just a fraction. The major stock market indexes pared gains into the close.

RH Stock

The upscale home furnishings retailer reported blowout first-quarter earnings. RH earnings skyrocketed 2,560% to $1.33 a share, easily beating analyst views for $1.01. Revenue unexpectedly dipped to $557 million, defying views for a fractional gain to $564 million.

RH also guided earnings estimates higher for the current Q2 and the full year. RH shares vaulted nearly 24% early Tuesday, following similar or even-bigger moves after the prior four earnings reports.

RH stock closed up 4.8% to 118.73, hitting a new high and already extended from a recent breakout.

Dave & Buster's Stock

Dave & Buster's topped earnings and sales views. Some analysts have high hopes for the sports bar-and-arcade operator's upcoming virtual-reality game, "Jurassic World VR Expedition," which will roll out starting Friday.

Dave & Buster's stock rose 14% early Tuesday. Shares rose 0.4% on Monday, their 10th straight gain and moving back above the 200-day line for the first time since last August.

Urban Outfitters Stock

The young adult apparel retailer sees same-store sales in the midteens in fiscal Q2. Urban Outfitters stock leapt 4.4% late. Shares closed up 1.3% at 47.02, hitting a new high.

KMG Chemicals Stock

The specialty chemicals maker earned $1.10 a share, up 107.5% vs. a year earlier and crushing views for 87 cents. Revenue leapt 45% to $109 million, topping estimates for $103 million.

KMG Chemicals stock rose 5.6% late, suggesting a move above a 70.70 buy point at Tuesday's open. KMG topped that entry intraday for a second straight session, but closed up just 0.1% at 70.51.

Alphabet Stock

The Google parent rose 0.7% to 1,140.90 in Monday's session. That marked the fifth day of a handle, the minimum length necessary to be proper. Alphabet now has a lower buy point of 1,161.20.

But investors shouldn't rush to buy Alphabet stock. Alphabet's relative strength line, which tracks a stock's performance vs. the S&P 500 index, has been treading water going back to May 2017, or even the start of 2016. That means that Google stock is moving with the market and not really leading.

One positive: The handle came in very light volume, following three big price gains on above-average trade. That's bullish action.

Alphabet stock was not moving late Monday.

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57. Stock Futures Flat Ahead Of Fed; AT&T Ruling Charges Premarket TradeВт., 12 июня[−]

Stock futures buzzed in tightly mixed action Wednesday, as a court ruling in Washington late Tuesday electrified early trade. Time Warner ( TWX), Discovery Communications ( DISCA), 21st Century Fox ( FOX) and Express Scripts ( ESRX) were just a few of the names spun into motion after the ruling.

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Gains and losses among telecom stocks bracketed Tuesday's late trade.

21st Century Fox and Discovery Communications led both the Nasdaq 100 and the S&P 500, although futures for both indexes slipped to fractional declines. Comcast ( CMCSA) took the largest loss among Nasdaq 100 stocks. H&R Block ( HRB) fell furthest among S&P 500 names.

Dow Jones futures were down a fraction, struggling against a heavy loss by Walt Disney ( DIS) after the court decision. Nasdaq 100 futures rose a fraction and S&P 500 futures were up less than 0.1%.

AT&T-Time Warner Deal Lurches Ahead

Time Warner scaled up more than 4%, following a ruling by a U.S. district judge to allow AT&T to move forward with its $85 billion acquisition of the company. The decision caps a 20-month effort to earn approval for a deal that will make AT&T the top U.S. distributor of pay TV. AT&T saw the deal as essential to its effort to compete for advertising dollars with internet content providers led by Facebook ( FB) and Alphabet's ( GOOGL) Google. The Department of Justice is reportedly considering filing an appeal to the ruling.

AT&T traded down 2%. Comcast dropped 3%. Walt Disney dipped 1.7%. Discovery Communications had jolted 5% higher late Tuesday, but was inactive early Wednesday. 21st Century Fox surged 7%. Fox ended Tuesday's session near the top of a buy range, above a 38.66 buy point that it had initially cleared on May 8.

Health Care Stock Futures Jump

The AT&T ruling also sent a handful of health care names higher. Pharmacy benefits manager Express Scripts scrambled 2% higher. Regulatory resistance to the AT&T deal led investors to grow wary of Cigna's ( CI) $52 billion effort to take over Express Scripts. Cigna shares were unchanged early Wednesday.

Tuesday's ruling also eased investor concerns over CVS Health's ( CVS) $69 billion bid to acquire Aetna ( AET). Aetna rose 4% and CVS Health climbed 2% in late trade Tuesday. Both stocks were inactive ahead of Wednesday's open.

Fed Rate Vote And Outlook: ECB, BOJ Next In Line

Despite the Time Warner ruling, the market returned to the standard "lay low" pose it typically strikes ahead of key Federal Reserve decisions. Markets are geared for a quarter-point hike to between 1.75% and 2%. That would mark the Fed's seventh increase since 2015. And views are split on whether the Fed is likely to hoist rates one or two more times during the second half of 2018.

The Fed offers up its official policy announcement at 2 p.m. ET. Fed Chairman Jerome Powell's press conference, scheduled at 2:30 p.m. ET, could provide additional details on how Fed strategy might play out during the remainder of the year.

The European Central Bank meets to discuss its rate policy and the possible wind-down of its monetary stimulus program on Thursday. On Friday, the Bank of Japan has its monthly monetary policy meeting. Japan is expected to maintain its rate policy, with a 10-year government bond target yield near 0%.

Earnings: Pivotal Climbs, H&R Block Collapses

H&R Block swooned more than 19% after reporting fiscal fourth-quarter sales and earnings comfortably above analysts targets. Full-year revenue guidance was just below consensus expectations, however, as the company said discount pricing would affect its top-line performance. The stock had been climbing the right side of an 11-month base.

Pivotal Software ( PVTL) reported after Tuesday's close. Shares jumped more than 5% in late trade, but were inactive early Wednesday. Fiscal first-quarter revenue blasted past consensus expectations and losses were less than forecast. The San Francisco-based company also hoisted Q2 EPS and revenue guidance above estimates. The stock is extended after clearing an IPO base on June 6, ending Tuesday up 41% from its April IPO at 15 a share.

Staffing services leader Korn Ferry ( KFY) and China's BitAuto Holding ( BITA) are scheduled to report quarterly results Wednesday morning. Korn Ferry shares are extended, up 25% since clearing a flat base in March.

Oil Price On Watch Ahead OF EIA Data

Oil prices could be a factor in Wednesday trade, as they slipped late Tuesday following weekly data from the American Petroleum Institute. Europe's Brent crude benchmark was down 0.4%, while West Texas intermediate dipped 0.2%, holding above $66 a barrel, early Wednesday.

Data released from the API showed a 730,000-barrel draw on U.S. oil inventories, well below consensus expectations for a 2.7-million-barrel drawdown. Earlier on Tuesday, news reports said Saudi Arabia had boosted its production back above 10 million barrels per day and had plans to increase by an additional 100,000 barrels in June.

The Energy Information Administration releases official oil inventory data at 10:30 a.m. ET on Wednesday.

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58. Qualys Breaks Out As Nasdaq Leads Rally; Tesla Shares Haven't Done This In MonthsВт., 12 июня[−]

The Nasdaq composite, helped by another solid rally by Tesla shares, gained nearly 0.2% to outmatch smaller gains by other key indexes in stocks today. The Dow Jones industrial average and the S&P 500 edged roughly 0.1% higher Monday.

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The Russell 2000 gained nearly 0.2%. The S&P SmallCap 600 rose more than 0.2%. At 1041, the index has now gained 11.2% since Jan. 1.

The day's top industry groups, as seen in IBD's daily analysis of 197 industry groups and subgroups, included automakers, home furnishings retail, consumer electronics retail, radio and TV, oil and gas transport, integrated computer systems, and airlines. All of these groups gained 1.7% or more. Dairy, semiconductor equipment, superregional bank, electric utility, solar and West and Southwest banks dropped 1% or more.

Randy Watts, CIO of William O'Neil + Co., noted in an interview with Reuters TV that one reason why small caps are outperforming is bigger profit growth forecasts this year and next.

While Wall Street expects smaller companies, as measured by the S&P SmallCap 600, to deliver earnings increases of 20% and 14% in 2018 and 2019, S&P 500 firms may increase their profits by 18% and 10% in the same time frame.

Tesla Shares Shift Into Higher Gear

Tesla ( TSLA), coming off last week's third straight weekly advance, drove 4% higher to 332.

That price is significant, too. Why? If it closes at that level or higher, it would mark the first time for this former big market winner to finish above the long-term 200-day moving average since March 13.

Excellent stocks, after a decent correction, might fall beneath the 200-day line. But at some point they cross back above it en route to the completion of a new base and a potential new entry point.

Confidence in CEO Elon Musk's goal to ramp up weekly production of the Model 3 sedan appears to be improving. Meanwhile, Wall Street sees second-quarter revenue rocketing 52% to $4.24 billion.

That would mark an acceleration in top-line growth from the 26% gain in Q1 to $3.41 billion. The company is still expected to post big net losses in 2018 (-$6.82 a share), but then return to the black with earnings of $2.46 a share in 2019.

In the week ended April 5, 2013, Tesla broke out of a perfect base-on-base structure at 40.10, then gained 627% over the next 17 months after posting strong earnings and revenue growth in the first quarter of 2013.

These Sectors Are Still Flying High

Consumer-spending and retail stocks are cementing their leadership role in the current quarter.

As seen in IBD's NYSE + Nasdaq stock research tables, which are arranged by top-ranking broad industry sectors first, sectors such as Apparel (No. 2), Consumer (No. 3), Retail (No. 6) and Leisure (No. 8) are all trouncing the S&P 500 with year-to-date gains of 12% to 18% each.

RH ( RH), the luxury home furnishings brand, rallied 4.8% to 118.73 in the regular session. Then it screamed another 16% higher in extended hours trading following fiscal Q1 results. Although revenue fell 0.8% to $557 million and missed the $563 million consensus view, the Corte Madera, Calif.-based company posted adjusted earnings of $1.33 a share, blasting the $1.02 Thomson Reuters estimate. RH earned 5 cents a share in the year-ago quarter.

RH also showed a 750-basis-point leap in adjusted operating margin to 9.6%.

RH, still a small-cap play with a market value of $2.8 billion at the regular session close, cleared a 105.56 buy point in a long double-bottom base on June 5. Shares are now up 12% past that prime entry and are thus outside the 5% buy zone.

What Sold Off

In stocks today, interest-rate-sensitive names struggled ahead of a Federal Reserve meeting on interest rates that begins Tuesday. The Dow utility average fell nearly 1.1%. At 656, the index is now down 9.1% since Jan. 1.

WTI crude oil prices rallied 0.5%.

Meanwhile, Epam Systems ( EPAM) also reaffirmed the broad strength of the software sector.

As seen in the Stock Of The Day story, the business software expert has shown excellent consistency in growing the top and bottom lines.

Epam's earnings grew 13%, 21%, 31% and 29% vs. year-ago levels in the past four quarters as revenue bumped up 23%, 27%, 27% and 31% vs. year-ago levels.

For these and other reasons, Epam shows a very fine Earnings Per Share Rating of 94 on a scale of 1 to 99 in IBD Stock Checkup. The stock's SMR Rating is a top-notch A.

A New Breakout

Qualys ( QLYS), also in the software sector, cleared an 85.10 buy point in a nearly seven-week cup as shares gapped up at the open and rose 4.5% to 85.45. Volume doubled its 50-day average.

Some cup bases do not feature a handle.

Qualys, a security software play, is expected to continue to meet the C in IBD's CAN SLIM seven-point paradigm for growth stocks. C stands for "current profits," and a company's growth should be 25% or higher. Qualys has notched EPS increases of 30%, 41%, 39% and 80% in the past four quarters; analysts see Q2 earnings rising 31% to 34 cents a share.

The yield on the benchmark U.S. Treasury 10-year bond rose to 2.96% and is now up 7 basis points since June 1. The 3-month T-bill is now showing a 1.94% yield, up just 2 basis points over the same time frame.

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

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59. Stock Market Up Modestly, But Tesla And MercadoLibre JumpПн., 11 июня[−]

U.S. stock indexes kept to a narrow range early Monday afternoon as world markets awaited the start of the North Korea summit Monday evening and the Federal Reserve's meeting Tuesday and Wednesday on interest rates.

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The Nasdaq and the S&P 500 each added 0.4%, while the Dow Jones industrial average gained 0.3%. The small-cap Russell 2000 edged up 0.1%.

Volume faded on both major indexes vs. the same time Friday.

World indexes were up moderately.

Besides North Korea and the Fed, the market also had to deal with continued friction related to the weekend's G-7 summit. President Trump tweeted that the U.S. was a victim of "Fool Trade" and claimed that the U.S. paid "close to the entire cost of NATO."

Meanwhile, in the Nasdaq 100, MercadoLibre ( MELI) climbed 4% in heavy volume.

The stock is 28% off a high notched in mid-March. Earnings growth began to slow in 2014-16 and then plunged 77% last year. Analysts expect earnings to fall 27% this year and then rocket 353% in 2019.

MercadoLibre is based in Argentina but gets most of its revenue from Brazil. The company operates an online marketplace.

Another stock trying to recover from a decline is electric car and truck maker Tesla ( TSLA). The big cap stock advanced 3% in fast trade Monday.

Tesla has lost money in each of the past three years.

The Street expects Tesla to lose $6.82 a share in 2018 and then post a profit of $2.46 a share in 2019.

Tesla has considerable fund support, but A+ rated Fidelity Contrafund (FCNTX) slashed about 42% of its position in Q1.

On Sunday, Tesla CEO tweeted that the company "will begin to enable full self-driving features" in August.

4 Breakouts In Volume

About a dozen and a half stocks broke out Monday but only four attracted strong volume.

February initial public offering Huami ( HMI) rose 10%, clearing a first-stage base in volume 735% above average. The buy point is 12.72 and the 5% buy zone runs to 13.25. China-based Huami makes wearable devices.

India-based MakeMyTrip ( MMYT) touched a buy point at 41 in heavy volume. The base, though, was third stage and 45% deep. The company provides online travel services.

Chicago-based USG Corp. ( USG) gapped up 4% in torrid volume. USG makes building materials, such as wallboard and ceiling tile. The stock cleared a flat base.

Data analytics software platform Alteryx ( AYX) bobbed above a 39.31 buy point in a cup base. The California-based company is a March 2017 IPO.

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The post Stock Market Up Modestly, But Tesla And MercadoLibre Jump appeared first on Investor's Business Daily.


60. Stocks Edge Higher As Wall Street Eyes Fed, North Korea Summit; Tesla Soars AgainПн., 11 июня[−]

The North Korea summit between President Trump and Kim Jong Un garnered a lot of headlines in the stock market Monday. Major stock indexes were flat to slightly higher near midday as Nasdaq 100 names like Tesla ( TSLA) and Electronic Arts ( EA) outperformed.

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The Dow Jones industrial average edged higher as Dow components UnitedHealth Group ( UNH), Verizon ( VZ) and Home Depot ( HD) outperformed with gains of close to 1%. The S&P 500 and Nasdaq composite showed gains of around 0.3%. Volume on the NYSE and Nasdaq was tracking close to Friday's levels.

After breaking out of a downtrend last week, shares of Tesla rallied nearly 4%. Electronic Arts, meanwhile, rallied 1.7% to another all-time high ahead of the start of E3 in Los Angeles. E3 is the premier event for computer video games and related products.

North Korea Summit

The summit in Singapore gets underway today at 9 p.m. ET today. It comes after a contentious G-7 meeting over the weekend where Trump refused to endorse a joint G-7 statement that called for a reduction in tariffs.

In stock market results today, Envision Healthcare ( EVHC) gained 2.5% to 44.76. Private-equity titan KKR ( KKR) will buy the company for 46 a share. Envision staffs hospitals and runs surgery centers in the U.S.

Shares of Restoration Hardware ( RH) looked poised to extend its winnings streak to seven sessions. Shares were up 3% ahead of its earnings report after the close. The high-end home furnishings retailer was featured over the weekend in the latest Earnings Preview column, which highlights potential options trades around earnings.

Small cap KMG Chemicals ( KMG) was off session highs but still rallied 1%. Results are also due after the close. It's still in buy range from a 69.35 entry.

Match Group Rises On Upgrade

Inside the IBD 50, Match Group ( MTCH) jumped 2.5%, helped by an upgrade from Jefferies to buy from hold and a raised price target to 50 from 40. Shares of Match plunged 22% on May 1 after Facebook ( FB) unveiled a dating app.

The 10-year Treasury yield added 1 basis point to 2.95%. The two-day Federal Reserve meeting starts Tuesday and a decision on interest rates is due Wednesday at 2 p.m. ET. The Federal Open Market Committee is widely expected to raise the federal funds rate by a quarter point to a range of 1.75% to 2%. According to the CME Group FedWatch tool, the chances for a rate hike are at 96%.

The path of interest-rate hikes for the rest of the year is a little more uncertain. The market currently sees a 70% chance of a quarter-point at the Aug. 1 meeting.

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The post Stocks Edge Higher As Wall Street Eyes Fed, North Korea Summit; Tesla Soars Again appeared first on Investor's Business Daily.


61. Stocks Narrowly Higher, As This Flawed IBD 50 Name Breaks OutПн., 11 июня[−]

The stock market moved modestly higher early Monday after a contentious G-7 meeting over the weekend. Meanwhile, President Trump and North Korean leader Kim Jong Un are set to meet in Singapore on Tuesday. Top growth stock Match Group ( MTCH) is breaking out today after an analyst upgrade, but its base has several flaws. (For updates on this story and other market coverage, visit stock news today)

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The Dow Jones industrial average was trading slightly in positive territory, while the S&P 500 and the tech-heavy Nasdaq held gains of about 0.2% apiece in morning trade.

Among the Dow stocks, Intel ( INTC) continued its recent losing streak with a near-1% decline. Shares are nearing their 50-day line — a key support level.

Meanwhile, McDonalds ( MCD) fell for a second straight day after regaining its 200-day line and breaking out last week. Shares dipped over 1% and moved further below a 168.05 cup-with-handle entry. The stock's relative strength is well off its former highs.

Among companies reporting earnings, RH ( RH) will report Q1 earnings after the market close. The Street expects EPS of $1.01 on revenue of $564 million. Shares moved up about 3% to hit a new high Monday.

Electric automaker Tesla ( TSLA) advanced about 4% after CEO Elon Musk tweeted that Tesla will begin to roll out a self-driving version of its software — Tesla Version 9 — in August. The stock is continuing its recovery after falling over 37% off its high in early April. Shares are fighting to regain control of their long-term 200-day moving average line, which has emerged as a potential resistance level.

Among the FANG stocks, Netflix ( NFLX) rose over 1% in early trade. The stock is about 8% above a 338.92 flat-base entry after a May 23 breakout, according to MarketSmith chart analysis.

Inside The IBD 50 Stocks

Among the top growth stocks, Match Group advanced over 4%, as the stock broke out past a 43.35 cup-with-handle entry. Volume is tracking over 100% above average. However, the structure is abnormally shaped and lopsided given the stock's huge weekly decline in early May as a result of Facebook ( FB) entering the online dating market. The stock's relative strength line is lagging — a significant flaw.

Early Monday, Jefferies upgraded the stock from hold to buy and raised its price target from 40 to 50.

Meanwhile, retail leader and Leaderboard member Lululemon ( LULU) looked to extend a losing streak to three trading sessions. Shares fell about 1%, but remain well-extended from the 50-day line.

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The post Stocks Narrowly Higher, As This Flawed IBD 50 Name Breaks Out appeared first on Investor's Business Daily.


62. Stocks Open Flat Ahead Of Fed Rate Vote, North Korea SummitПн., 11 июня[−]

Stocks opened to very tight gains on Monday, ahead of a heavy week of political and policy events. The world's attention is trained on Tuesday's summit between President Trump and North Korea's Kim Jong Un, but a Wednesday press conference with Fed Chair Jerome Powell will be a focal point for investors.

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The Dow Jones industrial average managed a 0.2% gain. The S&P 500 added 0.1%, with utilities Sempra Energy ( SRE) and PG&E ( PCG) posting the index's largest rise and fall, respectively.

The Nasdaq Composite struggled with a gain of less than 0.1%,

The Dow posted a 2.8% gain last week, its best since early March. The S&P 500 climbed 1.6% and the Nasdaq notched a 1.2% gain. The result left the Nasdaq at a new high, the Dow holding comfortably above the 25,000 mark and the S&P 500 less than 1% below 2,800.

North Korea Summit, Fed Vote, ECB Policy

On the political front, markets showed little reaction to an early U.S. exit from a fractious G7 meeting over the weekend. The result set a disappointing tone on progress toward international trade agreements, but markets settled into the quiet trade that is customary head of Federal Reserve meetings.

A diplomatic summit set for Tuesday between President Trump and North Korean leader Kim Jong Un is historic, although it has no specific targets. The tone of the two leaders, and the tweets that follow the meeting, could have some bearing on market behavior.

But the market's central focus this week is likely to be on the two-day U.S. Federal Open Market Committee meeting and the policy meeting of the European Central Bank.

The FOMC meet begins Tuesday, and wraps up with a policy announcement and a press conference with Fed Chairman Jerome Powell Wednesday afternoon.

Investors project a 92% probability that the Fed will hike rates a quarter point. Powell's press conference will be of particular interest, as investors look for clues as to whether the Fed is leaning toward one or two more rate hikes for the rest of the year.

Bond markets also will be under the microscope as the ECB meets on Thursday. Few expect the bank will increase its interest rates. But expectations are high the bank will lay out an exit strategy from its massive bond-buying stimulus program begun in 2009.

Calif. Utilities: Sempra Surges, PG&E Slides

Sempra surged nearly 15% after a letter from activist hedge fund Elliott Management to the San Diego-based company's board outlined a strategy to unlock value in the $26.6 billion market capitalization stock. Moves included replacing six board members, and creating a Strategic Review Committee of the Board. Sempra shares are down 18% from a November 2017 high.

PG&E skidded 6% lower. A report released late last week by the California Department of Forestry and Fire Protection determined that 12 fires in Northern California, which killed 18 people and burned 174,000 acres in October 2017, were the result of power lines or equipment owned by PG&E. PG&E shares ended Friday 42% below their September high. A note from Wells Fargo maintained the stock's Market perform rating, but lowered its price target to 46, from 48.

Adobe, FedEx Ready Reports

A handful of quarterly reports will add interest during the week. RH ( RH), formerly Restoration Hardware reports late today. Adobe Systems ( ADBE), Finisar ( FNSR) and FedEx ( FDX) also report this week.

Adobe rose 0.7% in early trade. The stock has been tapping out new highs since breaking out above a flat base in January. Shares are extended, up 33% from that breakout. Analysts expect a 51% rise in earnings and a 22% gain in sales when the company reports Thursday.

FedEx rose 1% at the open, climbing further up the right side of a six-month base pattern. The stock ended Friday less than 6% below a buy point at 274.76. Shares are up 26% over the past 12 months, but the stock's Relative Strength line is lagging.

Oil Prices Drop On Saudi Output

Oil prices pulled back sharply, continuing recent volatility ahead of a June 22 meeting of the Organization of Petroleum Producing Countries. News reports said Saudi Arabia was increasing production ahead of the meeting. Many expect Saudi and non-OPEC member Russia to alter or remove production caps put in place in 2016. In addition, Reuters reported that the Trump administration, a day before exiting the Iran anti-nuclear deal, made a direct request for Saudi Arabia to increase production in order to offset the oil price impact of renewed sanctions against Iran.

Oil traded down about 1% early Monday. West Texas Intermediate was hovering just at the $65 per barrel level, down about 11% from a May 22 high.

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The post Stocks Open Flat Ahead Of Fed Rate Vote, North Korea Summit appeared first on Investor's Business Daily.


63. Dow Jones Futures: Trump In Spotlight; These 4 Top Stocks Are In Buy ZonesПн., 11 июня[−]

Dow Jones futures were little changed Monday morning, along with S&P 500 futures and Nasdaq futures as President Donald Trump prepared to meet North Korea leader Kim Jong Un on Tuesday, betting on his "feel" to see if Kim is serious about giving up his nukes. Meanwhile, Facebook ( FB), Cisco Systems ( CSCO), RH ( RH) and video game makers such Electronic Arts ( EA) and Activision Blizzard ( ATVI) will be in focus.

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Facebook stock will react to new data-sharing revelations. Cisco Systems CEO Chuck Robbins will give a Monday keynote at the Dow Jones tech giant's Cisco Live event. RH, formerly Restoration Hardware, reports first-quarter results late Monday. The big E3 video game conference and related events showcase Electronic Arts, Activision Blizzard and others.

Facebook stock is in buy range, along with RH, Electronic Arts and Activision. Cisco is consolidating near highs and could soon offer a new proper entry point.

Dow Jones Futures Today

Dow Jones futures were just above fair value. S&P 500 futures and Nasdaq 100 futures were fractionally lower. Keep in mind that stock market futures and other overnight action often don't translate into actual trading in the next regular session.

Trump on Saturday in tweets disavowed the joint G-7 statement that papered over differences. Trump and top aides blamed Prime Minister Justin Trudeau for his renewed public criticism over new U.S. tariffs on Canada.

Meanwhile, expectations are low for President Trump's summit with Kim Jong Un in Singapore. But Trump's penchant for unexpected moves expand the range of possible outcomes. Trump said with "my feel" he expects to know "within the first minute" if Kim Jong Un is serious about giving up the North's nuclear weapons.

The Dow Jones industrial average rose 2.8% last week while the S&P 500 index advanced 1.6%. Both the Dow Jones and S&P 500 moved above a sideways track. The Nasdaq composite climbed 1.2%, hitting a record high.

Facebook Stock

Facebook late Friday confirmed that it shared users' personal information with companies in 2015, after the time when executives said the social network barred third-party developers from gaining access to data. That confirmed a Wall Street Journal report from after Friday's market close.

That follows revelations last week that Facebook shared data with four Chinese companies. Those include telecom gear giant and handset maker Huawei, viewed with suspicion by U.S. intelligence.

Facebook stock closed Friday up 0.5% to 189.10, ending a four-day slide and reclaiming a 188.42 buy point first cleared at the end of May.

Shares dipped Friday night on the news and were down slightly before Monday's open. Can it hold in a buy zone in today's stock market trading?

Cisco Stock

Cisco Live 2018 in Orlando, Fla., starts Sunday and runs through Thursday. Topics include artificial intelligence, data centers and security. CEO Chuck Robbins speaks Monday morning.

Cisco stock closed at 43.48 on Friday, just below its 50-day moving average. Shares just cleared a 46.26 cup-base entry on May 10 (Cisco stock had formed handle-like pattern, but the overall base was too short to be a proper cup with handle.). Shares soon pulled back, tumbling below their 50-day line on May 17 after giving so-so guidance.

Cisco stock doesn't have a proper buy point currently, but could form a flat base in another week.

RH Stock

The upscale furniture chain reports Q1 earnings late Monday. Wall Street expects earnings to explode to $1.10 a share from 5 cents a year earlier as a transition to a membership model pays off. Revenue should edge up 0.4% to $564 million.

RH stock rose 2.5% to 113.28, its sixth straight gain and hitting a new high. It's still in buy range from a 109.63 entry cleared Wednesday.

RH stock has been extremely volatile after earnings. After tumbling 26% following Q1 2017 results, RH rose 22.5%-45% in the day after its next three quarterly results.

E3

The Electronic Entertainment Expo kicks off Tuesday, but several video game players are holding events ahead of the E3 open. Electronic Arts on Saturday said it would offer a subscription service for access to its games. Meanwhile, EA said "Battlefield 5" will feature a battle royale mode. Last-man-standing shooter games have become hugely popular, led by "Fortnite" from Epic Games. EA also vowed to address complaints about microtransactions in "Star Wars Battlefront 2."

EA stock closed Friday at 137.87, at the edge of a buy zone from a 131.23 flat-base entry. Activision Blizzard is at 74.29, in range from a 73.60 cup-with-handle buy point. Take-Two Interactive ( TTWO) is consolidating with a 119.01 entry, closing Friday at 113.42.

KKR Near Envision Healthcare Deal

Also, private-equity giant KKR ( KKR) agreed to a buyout of physician services firm Envision Healthcare ( EVHC) for $9.9 billion including assumed debt. KKR will pay $46 a share for Envision Healthcare. The deal is a small premium to Friday's 43.64 close. But it's a 70% bump above where Envision traded when it announced a strategic review last fall.

Envision Healthcare rose 3.4% to 45.13 before the open.

Envision agreed to sell its ambulance business to a KKR portfolio for $2.3 billion in August 2017.

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64. Nasdaq Reverses Higher After Soft Start; 3 China New Issues Explode HigherПт., 08 июня[−]

The stock market today turned in a resilient performance, ending slightly higher Friday, after weakness in shares of Apple ( AAPL) fueled negative sentiment early. Procter & Gamble ( PG) and Walt Disney ( DIS) led the Dow higher with gains of more than 1% each. In the Nasdaq 100, Micron Technology ( MU) was a nice gainer, rising 3%. Earnings are due June 20 after the close.

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Nasdaq 100 futures were down 0.8% before the opening bell Friday after renewed fears of slack iPhone demand hurt shares of Apple. The FAANG stock fell 1.9% early but the stock ended near its session high, down less than 1%.

Waning iPhone demand isn't exactly a new story. In April, Apple suppliers Taiwan Semiconductor ( TSM) and Broadcom ( AVGO) warned of soft smartphone demand. Shares of Broadcom slumped 2.5% Friday. Before the open, the company reported earnings and sales that topped expectations, but sales guidance for the current quarter came up short.

The Dow Jones industrial average and S&P 500 added about 0.3% each. The Nasdaq composite gained 0.1%. Preliminary data showed volume on the NYSE and Nasdaq coming in lower than Thursday.

For the week, the Dow jumped 2.7%, the S&P 500 added 1.6% and the Nasdaq picked up 1.2%.

In stock market results today, three recent China IPOs delivered explosive gains and scored new highs. Huya ( HUYA) soared 16%, Bilibili ( BILI) jumped 17% and iQiyi ( IQ) vaulted 6%.

Retailers Lead Stock Market

Elsewhere, At Home ( HOME) reversed higher after reporting earnings late Thursday. Shares jumped nearly 6%. The home furnishings retailer has strung together several quarters in a row of 20%+ sales growth. At Home went public in August 2016 at 15 a share.

Also in the retail sector, Five Below ( FIVE) followed through after Thursday's explosive gain that saw shares soar 22%. The high-flying retailer and Leaderboard stock rose another 2% Friday on the heels of strong earnings late Wednesday.

Elsewhere, Stitch Fix ( SFIX) soared 26%, also on strong earnings, in the heaviest volume in a single trading session ever. The stock has been absent from IBD growth screens due to a sharp pullback after its IPO on Nov. 17 at $15 a share. Quarterly profit jumped 200% to 9 cents a share. Sales growth accelerated from the prior quarter, rising 29% to $316.7 million. Even after Friday's move, the stock is still about 17% off its recent high.

A group of enterprise software names recovered after Thursday's shellacking. Recent IPO Pivotal Software ( PVTL) gained 3% after Wednesday's breakout from an IPO base. The stock held up relatively well Thursday as the enterprise software group lost nearly 2.7%. Coupa Software ( COUP), meanwhile, bounced 2.2% after falling 2.8% Thursday.

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65. Stocks Higher As Street Watches G-7; Guess Which Industry Is Trying A ComebackПт., 08 июня[−]

The stock market held higher Friday afternoon, although gains were modest as Wall Street kept a watchful eye on the G-7 meeting in Canada.

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The Dow Jones industrial average climbed 0.3%. Procter & Gamble ( PG) extended gains. The consumer products giant has been rising since Thursday on word that a reorganization plan may be taking root. UnitedHealth Group ( UNH), another Dow component, cleared the 250.89 buy point of a cup-type base. But volume was light.

The S&P 500 added 0.3% and the Nasdaq composite 0.2%. Weakness in semiconductor and data storage shares contributed to the Nasdaq's slightly lower performance.

Apple ( AAPL), its biggest stock, gapped down after the Nikkei Asian Review reported that Apple has told suppliers to brace for about 20% fewer units of new model iPhones in the second half of 2018 compared with the same period a year ago.

Some Apple chip suppliers were sharply lower. Cirrus Logic ( CRUS) and Skyworks Solutions ( SWKS) fell about 3%. Analog Devices ( ADI) and Qorvo ( QRVO) dropped about 1%.

Volume was tracking lower compared with the same time Thursday.

Wall Street's focus was on the G-7 meeting in Canada. The gathering of major western leaders is expected to be frosty as President Trump presses allies to change trade policies. Trump added to tensions Friday, when he said Russia should return to the G-7. Russia was expelled four years ago in protest over its annexation of Crimea.

Despite the market's gains, defensive sectors such as food, tobacco and alcoholic beverages were leading. But consumer stocks also led, with electronics stores, apparel and home furnishing groups among Friday's leaders.

Homebuilders were one of the day's top performing industry groups, up 2%. The group has been a loser this year, but it's been bouncing modestly for a few weeks. IShares U.S. Home Construction ( ITB) — an ETF that also includes suppliers such as Home Depot ( HD) and Sherwin-Williams ( SHW) — was up 2%. It was one of the best gains among unleveraged ETFs.

The homebuilding group is still near the bottom of IBD's 197 industry rankings. A few builders such as Tri Pointe Group ( TPH) and Pulte Group ( PHM) are forming the right side of bases. But it's too early to get excited about the group because most stocks remain deep in corrections. LGI Homes ( LGIH), D.R. Horton ( DHI) and Toll Bros. ( TOL) remain deep in corrections.

The energy sector lagged as oil prices fluctuated. U.S. crude was down after JPMorgan reduced its oil price forecast and concerns about growing U.S. output and falling demand in China, CNBC reported. Crude pared losses and was only slightly lower Friday afternoon at $65.82 a barrel.

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The post Stocks Higher As Street Watches G-7; Guess Which Industry Is Trying A Comeback appeared first on Investor's Business Daily.


66. Stock Market Erases Losses, Twitter Stock Up; Is Bad News On Apple A Good Time To Buy?Пт., 08 июня[−]

Apple got punched by sellers in Friday late-afternoon, dropping as much as 2.5% at the start, but shaved its losses. Plus, Apple's sell-off hardly dented the Nasdaq composite. The index, in fact, turned a moderate early-morning loss into a slight gain. Overall, the key indexes reversed from moderate losses into positive ground in stocks today as new NYSE stock leader Twitter surged.

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At 7645, the tech-driven composite edged up 0.2%. The leading index is off to a vigorous start in June, up nearly 2.7%. The S&P 500, up 0.2% as of 2:30 p.m. ET, also is doing well in June, rising nearly 3% for the month.

Apple ( AAPL) was the only stock within the Dow Jones industrial average to fall 1 point or more. The next worst decline: an 88-cent slip by fellow tech leader Intel ( INTC). The chipmaking titan sank 1.5% to 55, but volume is light. No sell signals are being triggered. The Dow Jones industrials rallied 0.2% after falling only 0.3% early.

See on a daily chart how Intel, up 19% year to date, holds a solid cushion above its fast-rising 50-day moving average and 10-week moving average.

For more on how to use the 10-week moving average correctly to determine to best time to sell, please check out the latest Inside The IBD 50 column, published every Friday on Investors.com and in IBD Weekly.

The Innovator IBD 50 ( FFTY) fund rallied 0.6% to 36.05. It's up 8.5% since Jan. 1, vs. a 3.8% advance for the S&P 500. The exchange-traded fund, which now shows an average daily volume of 209,000 shares, ran up 34% in 2017 while the 500 gained 19.4%.

A Tech Powerhouse Continues Its Turnaround

Apple is a member of IBD Leaderboard since May 4, when the megacap tech presented a correct entry point as it rallied sharply and rose past a 179.04 buy point in a seven-week double bottom.

While Apple is extended past the 5% buy zone from that entry, the stock has presented a new follow-on entry at 190.47 after forming a rare 3-weeks-tight pattern.

The iPhone, iPad and digital services giant fell on news reports that it plans to order fewer components for the iPhone in the second half of the year. Keep in mind, however, that the company continually innovates its formidable line of smartphones. Some media have reported that Apple is likely to introduce new versions in the fall.

Analysts surveyed by Thomson Reuters see Apple's fiscal Q3 earnings bolting 31% higher to $2.18 a share on a 15% revenue increase to $52.27 billion.

For fiscal 2018, which ends in September, Apple's profit is seen growing 25% to $11.49 a share. That would mark the biggest year-over-year increase since the Cupertino, Calif., company posted a 43% profit jump in FY 2015.

The Street sees revenue rising 14% for the current fiscal year to $260.87 billion. Apple's market cap is currently $940 billion.

Lending Leader

BofI Holding ( BOFI), highlighted as IBD's Stock Of The Day, rebounded 1% to 44.47 in light turnover. The internet bank is still in buy range after clearing a 43.60 prime buy point in a five-week flat base.

Tesla ( TSLA), highlighted in this earlier Stock Market Today feature, gained nearly 0.7% to 319.05 in active trade. The former big winner in 2013-2015 is still in the early stages of building the right side of a potential new base.

Twitter, A New Market Leader

Twitter ( TWTR), in Big Cap 20, is getting even more extended from its 33.88 buy point in an eight-week cup with handle. The stock rushed more than 3% higher to 41.40 in volume running more than 25% above its 50-day average.

The social media network has now gained 21% past the proper entry. Taking gains in most stocks when you have a 20% to 25% profit is very sound portfolio management. But when you have supreme conviction in the company, holding longer may lead to stronger returns. But such stocks must have truly excellent fundamentals, high relative strength, and strong institutional sponsorship.

Real Institutional Buying

The Accumulation/Distribution Rating of Twitter stands at a positive B+ on a scale of A to E, according to Stock Checkup. This means that over the past 13 weeks, fund managers have generally been net accumulators of Twitter shares.

Twitter has scored four quarters in a row of earnings growth acceleration (from a 22% drop in Q1 2017 to flat growth the next quarter, then gains of 11%, 73%, and 129%). The Street sees Q2 earnings rising 113% to 17 cents a share.

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The post Stock Market Erases Losses, Twitter Stock Up; Is Bad News On Apple A Good Time To Buy? appeared first on Investor's Business Daily.


67. Stock Indexes Sluggish, Amex Down As Unhappy G-7 Members Brace For TrumpПт., 08 июня[−]

U.S. stock indexes retreated cautiously near midday, as the G-7 summit opened in Canada. The Dow Jones industrial average's components were mostly down with Apple ( AAPL) and American Expess ( AXP) at one point both taking hits of 2% to 2.5%.

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The Nasdaq shaved off 0.2%, while the S&P 500 lost 0.1%. The Dow Jones industrial average was just under flat. The small cap Russell 2000 inched up less than 0.1%.

Volume was running lower on both major exchanges vs. the same time Thursday.

Apple gapped down 1.6% in above-average volume. The stock has a 7.2% weighting in the Nasdaq, the biggest in the index.

Apple warned suppliers to make 20% fewer components for the iPhone, the Nikkei Asian Review reported. The stock is only 1% off its high.

American Express fell 2.5% in early trade but then trimmed the loss to 0.8%. The stock has been testing the 50-day moving average recently but has had no trouble staying above the line.

Meanwhile, trade friction between the U.S. and the six other G-7 nations garnered attention. President Trump recently pinned tariffs on steel and aluminum imports from the European Union, Canada and Japan. The tariffs also targeted Mexico and China, but they are not G-7 members.

Despite the attention trade is receiving in the media, trade is not formally on the schedule for the two day G-7 summit.

An Edge For Quality

Quality stocks held a slight advantage Friday as seven IBD 50 stocks rose for every six that fell. The Innovator IBD 50 ( FFTY) exchange traded fund added 0.5%.

China-based stocks in the IBD 50 showed strength despite a 1.4% drop in the Shanghai Composite. Online social network operator Momo ( MOMO) climbed 6% in heavy volume. TAL Education ( TAL) rose about 3% in brisk trade. Alibaba ( BABA) tacked on 0.9% in vigorous volume.

In IBD's Big Cap 20, Twitter ( TWTR) led with a 3.5% gain in heavy volume.

The day's breakouts included regional bank Cadence Bancorp ( CADE) and biomed firm Acorda Therapeutics ( ACOR).

The Federal Reserve will meet Tuesday and Wednesday. The Street expects the Fed to raise its rate from a 1.5%-1.75% range to 1.75%-2%. CME Group's FedWatch Tool pegs the probability of a quarter-point rate hike at 91.3%.

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The post Stock Indexes Sluggish, Amex Down As Unhappy G-7 Members Brace For Trump appeared first on Investor's Business Daily.


68. Tech Stocks Recover, But Apple Slides Amid Cautious iPhone ApproachПт., 08 июня[−]

Tech stocks moved lower early Friday before recovering most of its losses. iPhone maker Apple ( AAPL) fell 1.5% after a Nikkei report said the company was taking a cautious approach for iPhones for the remainder of 2018. (For updates on this story and other market coverage, visit stock news today)

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All three major indexes — the Dow Jones industrial average, the S&P 500 and the tech-heavy Nasdaq — held losses ranging from 0.1% to 0.2% in midmorning action.

Among the Dow stocks, Apple fell 1.5% after the Nikkei newspaper reported that the company warned its parts suppliers of a 20% drop in new iPhone parts orders. This year, Apple currently expects total shipments of 80 million units compared to last year's 100 million-unit order. The stock is nearing the 5% buy range of a double bottom's 179.04 buy point.

Chip stocks were mostly lower amid the report. Lam Research ( LRCX) fell almost 1% after giving up its 200-day line Thursday. Meanwhile, IBD 50 stock Entegris ( ENTG) remains below its buy point after a recent breakout attempt above a 38.38 entry. The chip-gear industry was laid low Thursday after an analyst warning of slowing short-term shipments.

Meanwhile, Intel ( INTC) dipped about 1%. Shares are on pace to fall in four of the last five trading sessions. On Monday, the chipmaker hit a new high before pulling back. Now, the stock is about 3% above a 53.88 flat-base entry.

Among companies reporting earnings, Broadcom ( AVGO) slid over 2% after its current-quarter sales guidance came up light. Shares continue to shape the right side of a potential base formation.

IPO Leader At Home ( HOME) reversed higher to gain 2% after the retailer reported its quarterly results late Thursday. Same-store sales were lighter than expected. The stock is battling for support at its 50-day line, about 10% above a 33.35 cup-with-handle entry.

Among the FANG stocks, Netflix ( NFLX) edged lower. Shares fell for a second straight day and are nearing the top of the 5% buy range from a 338.92 flat-base buy point. The Leaderboard member's relative strength line hit a new high on May 23's breakout day, confirming significant market outperformance.

Inside The IBD 50 Stocks

Among the top growth stocks, Alibaba ( BABA) fell under a double bottom's 201.60 buy point early Friday before rebounding. Shares moved up 0.2%, as they look to snap a three-day losing streak.

Meanwhile, ServiceNow ( NOW) moved up nearly 1%. On Thursday, the stock's near-5% decline in heavy volume saw the stock briefly give up its recent 176.66 flat-base entry. Shares are mildly above that level early Friday.

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The post Tech Stocks Recover, But Apple Slides Amid Cautious iPhone Approach appeared first on Investor's Business Daily.


69. Stocks Dip On Apple Warning, China Tech Query; These 2 IPOs SurgeПт., 08 июня[−]

Stocks opened to modest losses Friday, after a warning from Apple ( AAPL) initially triggered sharp selling across its supply chain. Global markets were wary as world leaders gather in Quebec for the two-day G7 meeting. And reports of U.S. congressional queries into tech-sector links to China led declines across China's markets on Friday.

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Stitch Fix ( SFIX) and DocuSign ( DOCU) posted some of the morning's strongest early advances.

The Dow Jones industrial average slipped 0.1%. The S&P 500 dipped 0.2%. The Nasdaq Composite dropped 0.4%, as Apple traded down 1.5% and all four FANG stock tech leaders declined less than 1%.

Apple is preparing to introduce three new handsets in September, and Japan's Nikkei Business Review reported the company readied its components suppliers for new iPhone sales of around 80 million. That was down from the 100 million target used to gear up for the prior year's sales.

Premarket action across Apple's supply chain showed Skyworks Solutions ( SWKS) down 2.6% and Taiwan Semiconductor ( TSM) dipping 1.6%. Lumentum Holdings ( LITE) traded 4.4% lower and Lam Research ( LRCX) toting a 1.1% decline. Broadcom ( AVGO) fell 3%. The chipmaker and Apple supplier also reported after Thursday's close a strong fiscal second-quarter performance, but offered weaker-than-expected guidance for its third quarter.

China Markets Tank As U.S. Eyes Google/Huawei

China's stock markets veered lower Friday, after news reports said U.S. congressional representatives had begun looking more closely at ties between Google, a unit of Alphabet ( GOOGL), and China's Huawei Technologies.

An open letter on Thursday from Sen. Mark Warner, D-Va., asked Alphabet about partnerships with Xiaomi and Tencent Holdings ( TCEHY). The letter sought details from Alphabet and Twitter ( TWTR) on data-sharing agreements with other Chinese vendors. Tencent shed 2% in Friday's early trade.

Hong Kong's Hang Seng Index sliced 1.8% lower, snapping a six-day run up but still ending the week with a 1.5% gain. The Shanghai Composite tumbled 1.4%, leaving it down 0.3% for the week.

Selling was more modest in Japan, where Tokyo's Nikkei 225 slipped 0.4%. The index still took a 2.4% gain for the week, ending a two-week pullback and chalking up its biggest advance in 11 weeks.

Apple, Broadcom Weigh; DocuSign, Stitch Fix Jump

Apple led the early declines among Dow stocks. Verizon ( VZ) was next in line with a 1% loss. The company announced Chief Executive Lowell McAdam would end his seven-year tenure on Aug. 1. Hans Vestberg, chief technology officer and president of global networks, will move into the CEO role.

Broadcom led the downside among Nasdaq 100 stocks. Shale oil producer Concho Resources ( CXO) fell 6%, the widest loss among S&P 500 stocks.

Recent IPO DocuSign advanced 1.9%. The San Francisco-based enterprise software developer reported earnings of a penny per share — its first profitable quarter. Revenue rolled ahead 37%. Both numbers were above expectations, and the company reported a 33% surge in bookings, far above consensus views. The stock is extended after clearing an IPO base in late May, and ended Thursday's session up 93% from its April IPO price.

November IPO Stitch Fix ( SFIX) darted 5.4% higher after reporting its first earnings advance on five quarters after Thursday's close. EPS surged 200%, revenue gained 29% — beating analyst estimates on both lines. Shares traded 31% below their December high, and 38% above their IPO price.

Skate and surf-wear shop Zumiez rose less than 1%, shedding a sharp premarket spike, after a late-Thursday report showed a narrower-than-forecast first-quarter loss and revenue growth above expectations. The stock remained in a buy range after breaking out Tuesday above a 26.30 buy point in a cup-with-handle base.

Europe: Markets Mixed After Apple, Ahead Of G7, ECB

The bearish mood dissipated across Europe's markets. European investors were cautious ahead of Friday's G7 meeting start, as well as next week's policy decision from the European Central Bank. The ECB is expected to announce a timeline for beginning to wind down its bond-buying stimulus initiative.

In afternoon trade, London's FTSE 100 was FLAT and Frankfurt's DAX traded 0.2% lower, while the CAC-40 in Paris shed early losses and showed a 0.1% gain.

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The post Stocks Dip On Apple Warning, China Tech Query; These 2 IPOs Surge appeared first on Investor's Business Daily.


70. Markets Hunker Down Ahead Of G-7, Fed; But Surf's Way Up For ZumiezПт., 08 июня[−]

Leading indexes nosed lower in premarket trade Friday, as concerns about the G-7 meeting in Quebec and next week's Fed meeting kept a lid on investor optimism. Zumiez ( ZUMZ) wowed investors in Thursday's after-hours trade, with DocuSign ( DOCU) not far behind, while Broadcom ( AVGO) traded narrowly higher after besting quarterly expectations.

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The Dow Jones industrial average eased, with futures dipping 0.2% below fair value. Nasdaq 100 futures slumped 0.3%, while S&P 500 futures slipped to a slight loss.

Positive trade news held the Dow above 25,000 on Thursday, as the Nasdaq withdrew 0.7% and the S&P 500 wrestled with a fractional decline. The losses snapped a four-day run up by both the Nasdaq and the S&P 500. But it left both indexes with solid gains for the week heading into Friday's session.

The Dow clearly has the market's favor for the week, riding a 2.5% gain heading into Friday's session.

Market Eyes G-7, Awaits Fed Rate Decision

The G-7 confab of top global leaders begins Friday in Quebec. The gathering typically doesn't generate market-moving news. But leaders this year wade into a labyrinth of trade uncertainties and contests tied both to the U.S. restructuring of its trade norms and to Britain's fast-approaching exit from the European Union.

Markets may also be hunkering down ahead of next week's Fed meeting. Investors fully anticipate a rate target hike, but will be keenly interested in whether the general Fed mood is for one or two additional hikes before the end of the year. Bonds reversed course and gained early Friday, with the 10-year yield down 5 basis points to 2.92%.

Zumiez, DocuSign Soar; Broadcom Tops Views

Chipmaker Broadcom was the heavyweight earnings report delivered after Thursday's close. The San Jose, Calif.-based company easily outpaced analysts' fiscal second-quarter targets, and hoisted Q3 revenue guidance past consensus views. Shares edged up 0.4% — too small a change to indicate what direction they might head at Friday's starting bell.

Teen retail has been a niche worth watching this week. On Thursday, youngster-geared dollar store Five Below ( FIVE) bolted 22% higher after reporting earnings late Wednesday. On Thursday afternoon, skate and surf wear shop Zumiez carved a 16% advance after reporting a narrower-than-forecast first-quarter loss and revenue growth above expectations. The stock was in a buy range after breaking out Tuesday above a 26.30 buy point in a cup-with-handle base.

Enterprise software IPO DocuSign inked an 10% after-hours gain. The San Francisco-based developer reported earnings of a penny per share — its first profitable quarter. Revenue rolled ahead 37%. Both numbers were above expectations, and the company reported a 33% surge in bookings, far above consensus views. The stock is extended after clearing an IPO base in late May, and ended Thursday's session up 93% from its April IPO price.

On the downside, LED chipmaker Cree ( CREE) dumped 3.5% following its announcement that CFO Mike McDevitt planned to retire. McDevitt will remain until a successor is appointed, and will remain available as a consultant in the future. Cree also affirmed its fiscal Q4 guidance, with revenue ranging from $390 million to $410 million, and EPS between 5 cents and 9 cents. Cree shares are extended after clearing a two-month cup base in late May.

Crude Prices Pop, Rig Data Due Friday

Oil prices eased early Friday, with West Texas Intermediate down 0.5%, but holding well above $65 per barrel. Oil was boosted on Thursday by data showing a drop in Venezuela crude exports and by concerns that Saudi Arabia and Russia might maintain their two-year production cap. West Texas Intermediate has swung 1.9% higher, to just below $66 a barrel, a fraction higher for the week. Europe's Brent crude benchmark climbed 2% to above $77.

Oil prices — particularly WTI — could see some effect Friday when Baker Hughes ( BHGE) releases its weekly rig census at 1 p.m. ET.

Also on the economic calendar, wholesale inventories data for April are due from the Commerce Department at 10 a.m. ET Friday.

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71. McDonald's, Chevron Lead Dow Higher; Nasdaq Slumps As Software Stocks Hit HardЧт., 07 июня[−]

Some of the best software stocks were the hardest hit Thursday as sellers finally came into the Nasdaq composite after four straight gains. The Dow Jones industrial average ended higher, helped by solid performances from McDonald's ( MCD), Chevron ( CVX) and Procter & Gamble ( PG).

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The Nasdaq lost 0.7%, but selling was more subdued in the S&P 500. The benchmark index eased 0.1%, while the Dow gained 0.4%. Preliminary data showed volume on the NYSE and Nasdaq coming in higher than Wednesday.

Big decliners in the Nasdaq 100 included chip-equipment firms Lam Research ( LRCX) and Applied Materials ( AMAT). Adobe Systems ( ADBE) also took hit, along with disk driver makers Western Digital ( WDC) and Seagate ( STX). Losses ranged from 2.5% to 6%.

Best Software Stocks Pressured

IBD's enterprise software group slumped 2.8%. Inside the IBD 50, some of the best software stocks like ServiceNow ( NOW), Paycom ( PAYC) and Atlassian ( TEAM) fell sharply. Losses ranged from 5% to 6%.

In stock market results today, oil and gas-related groups outperformed as oil prices firmed up. Drillers and exploration and production firms led the way. In the drilling group, Transocean ( RIG) jumped 4% to 13.48. A breakout over a 12.50 buy point still looks pretty good. Carrizo Oil & Gas ( CRZO), meanwhile, added nearly 8% to 26.67. It's back above a 25.20 buy point.

U.S. crude oil futures for July delivery settled at $65.95 a barrel, up 1.9%.

Other gainers included Leaderboard name Five Below ( FIVE). Shares surged 22% on strong earnings. Wall Street liked the look of an earnings and sales beat as well as bullish sales guidance.

Elsewhere, new issue Zscaler ( ZS) jumped past an alternate entry of 34.93, ending at 37.79, up 23%. A 30.20 buy point in a double bottom also could be seen on the chart. The security software name isn't profitable yet shows big sales growth in recent quarters.

But earnings enthusiasm was short-lived in fellow security software name Okta ( OKTA). Shares reversed sharply lower after hitting an intraday high of 61, up nearly 13%. Shares closed at 50.88, down 6%.

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The post McDonald's, Chevron Lead Dow Higher; Nasdaq Slumps As Software Stocks Hit Hard appeared first on Investor's Business Daily.


72. Tech Stocks Lead Nasdaq Lower, But This Sector Shows No QuitЧт., 07 июня[−]

Stocks were mainly lower Thursday afternoon as weakness in software and other technology shares dragged the Nasdaq to a 0.7% loss. Meanwhile, the energy sector continued to strengthen.

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The Nasdaq was poised to end a four-day win streak but is still up for the week. The S&P 500 was down 0.1%. Both came off session lows around 1:45 p.m. ET.

Software, semiconductor, data storage and networking stocks sold off broadly. Many of those were hot stocks that appear to be going through a normal cooling off. The specialty enterprise software group, for instance, has rallied more than 14% in six weeks.

But the Dow Jones industrial average rose 0.4% amid big moves from several components. The Wall Street Journal reported that McDonald's ( MCD) plans to cut more corporate jobs to cut administrative costs and seeks to spend more in digitizing its restaurants.

McDonald's jumped 4% and climbed back above its 200-day moving average. Oil companies Chevron ( CVX) and Exxon Mobil ( XOM) rose 3% and 1% amid a rally in energy shares.

Procter & Gamble ( PG) surged nearly 3% after board member Nelson Peltz of Trian Partners said a reorganization plan is moving forward. P&G shares have slumped this year and remain 19% off prior highs.

Small caps were hammered also, with the Russell 2000 off 0.6%. Market volume was tracking higher compared with the same time Wednesday.

Leading stocks also came under selling. The IBD 50 was down nearly 2%, despite a big boost from Five Below ( FIVE). If it stands, that would be the IBD 50's largest loss since April 6, when the index plunged 2.5%.

The energy sector led after oil prices rose $1.12 to $65.85 a barrel. OPEC member Venezuela — struggling with an economic crisis and operational woes in its oil industry — is nearly a month behind delivering crude to customers from its main oil terminals, CNBC reported.

Oil-related groups made up seven of the day's 13 best industry groups. The retail sector continued to outperform, with department stores up 1.5%. Discount chains also led, up 1.6%.

Discount and variety stores were Thursday's top-performing industry group, and the credit for that belonged to Five Below. The chain of $5-and-under merchandise soared 21% after the company's results topped expectations and management gave bullish guidance. Five Below was added to Leaderboard before the earnings report as an option play that has now become quite profitable.

Consumer electronics also rose sharply. Conn's ( CONN) gapped up to a gain of about 19% after the company beat profit and sales expectations and forecast a potential same-store-sales gain for the current quarter. Conn's sells electronics as well as furniture and appliances, but is classified under IBD's electronics retail group.

An earnings report also sparked a breakout for fast-food restaurant Sonic ( SONC), which topped a 22-week consolidation. The weekly chart shows a handle with a 27.62 buy point.

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The post Tech Stocks Lead Nasdaq Lower, But This Sector Shows No Quit appeared first on Investor's Business Daily.


73. Dow Jones Up, Software Stocks Slammed; Tesla Faces This Big Test NowЧт., 07 июня[−]

McDonald's, Chevron and Home Depot each gained 2 points in the stock market today and helped push the Dow Jones industrial average nearly 0.5% higher in afternoon trading Thursday. Tesla rallied again as crude oil rose sharply.

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Among the Dow Jones' 30 components, eight stocks rallied at least 1 point as U.S. Treasury bonds fell, pushing up yields. Oil rallied sharply.

Meanwhile, software stocks dropped en masse, pressuring the Nasdaq. Chip equipment firms, including Lam Research ( LRCX) and Applied Materials ( AMAT), also took it hard on the chin. Both of these former big winners in 2017 are now in basing mode.

At 2:15 p.m. ET, the tech-centered composite fell 0.9%, slightly cutting early losses. The Nasdaq 100 slumped 1.2%, poised to halt a four-day winning streak. The S&P 500 traded virtually flat, down 0.1%. The small-cap S&P 600 fell 0.4% after rising four sessions in a row.

Enterprise software shares took a break. In the IBD Sector Leaders screen, Adobe ( ADBE), Salesforce.com ( CRM), ServiceNow ( NOW), RealPage ( RP) and Ultimate Software ( ULTI) all slid 2% to 3% or more in brisk volume.

Tesla ( TSLA) has been rising on comments earlier this week by CEO Elon Musk that he's confident the electric vehicle pioneer will ramp up weekly production of the pivotal Model 3 sedan to 3,000 units per week by month's end.

The stock has rebounded as much as 35% from its near-term low of 244.59 on April 2. Over the same time frame, the Nasdaq composite has gained 13%.

However, please check out the MarketSmith daily chart on Tesla, and you'll see that Tesla is having some trouble climbing back above the 200-day moving average.

The 200-day line traces the average closing price of a stock over the past 200 trading sessions, or roughly 10 months' worth of action. As a growth investor, you want to see a stock rise not only above its 50-day moving average but the 200-day line as well.

Most of the top dogs in the IBD 50 show such a trend. They're hitting new highs, leading their 50- and 200-day moving averages higher.

Will Tesla Break Out Again?

On the positive side, Tesla now stands just 17% below its 52-week and all-time peak of 389.61. That price represents a fantastic gain since the transportation innovator initially broke out of a stage-one base near 40 back in April 2013.

The current base is first stage. Watch to see if the stock can keep muscling higher, slashing through a very visible overhead supply of willing sellers at the 350 to 360 price range.

Tesla's sales jumped 68% last year to $11.76 billion, breaking the $10 billion barrier. But the Palo Alto, Calif., company also lost $8.66 a share. The Street sees Tesla bleeding more red ink this year (an estimated net loss of $6.82 a share in 2018), but then earn $2.37 a share in 2019.

The company has a $54 billion market cap and 170 million shares outstanding.

In contrast, Toyota Motor ( TM) has a $201 billion market cap (share price times total shares outstanding) and 1.47 billion shares outstanding. The global car and truck titan had $265 billion in sales in 2017, up 4%.

Toyota shares are forming a saucer with a droopy-looking handle. In a bull market, the handle should show a maximum decline of 8% to 12% from high to low. In Toyota's case, the correction within its three-week handle is an acceptable 9%. The provisional buy point is 138.68.

Fast Food Names Heating Up

McDonald's ( MCD) surged more than 3% to 168.48 in active turnover. The world's largest restaurant chain hit a nearly four-month high and is carving a new saucer-style base. The current buy point for now is 178.80.

Elsewhere in stocks today, Five Below ( FIVE) destroyed short sellers with a 22% gain, extending its run to five sessions. Shares notched an all-time high of 99.91, up 487% from its July 2012 IPO at 17 a share.

The operator of stores that sell items at $5 or less reported late Wednesday that earnings in the April-ended first quarter catapulted 133% to 35 cents a share, the biggest for any first quarter. Sales jumped 27% to $296.3 million.

A Huge Post-Breakout Move

Five Below, based in Philadelphia, has aggressively expanded its chain into new markets in the Midwest, Southwest, and California. The stock entered IBD Leaderboard as a call options play ahead of Wednesday's quarterly results.

The stock has also risen 27% past a recent breakout point of 78.38 in a well-formed base on base. A seven-week flat base makes up the upper portion of this bullish chart pattern.

WTI crude oil futures rallied 1.7% and got as high as $66.07 a barrel. The yield on the benchmark U.S. Treasury 10-year bond eased to 2.95%.

Chevron ( CVX) posted a bullish gap up, rising 3.75, or nearly 3%, to 127.13. Volume is running mildly above average.

Despite the nice gain, the integrated oil major is not yet at a proper buy point.

Right now, watch to see if Chevron can rally past the handle portion of its five-month cup with handle. The handle' s high is 131.08, thus generating a 131.18 buy point.

(Please follow Saito-Chung on Twitter at @IBD_DChung for more commentary on growth stocks, leading industry sectors in the stock market, breakouts, sell signals, and financial markets.)

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The post Dow Jones Up, Software Stocks Slammed; Tesla Faces This Big Test Now appeared first on Investor's Business Daily.


74. Dow Leads Mixed Stock Session, As Oil Rises On Venezuela ProblemsЧт., 07 июня[−]

U.S. stocks indexes showed mixed action late Thursday morning as the Dow Jones industrial average led the upside. Eight stocks in the 30-component Dow posted gains of 1% or more.

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Chevron ( CVX) and McDonald's ( MCD) pegged the biggest gains in the Dow, up 3% and 4% respectively.

The Dow advanced nearly 0.5%, while the S&P 500 crept 0.1% lower. The Nasdaq fell more than 0.6% and the small cap Russell 2000 lost 0.3%.

Volume rose on both major exchanges. The Nasdaq, the S&P 500 and the Russell 2000 were each trying for a fifth consecutive gain.

The S&P 500 is approaching old resistance at the 2800 area. The Nasdaq has already cleared old resistance at the 7500 level.

Light sweet crude oil popped 1.6% to 65.77 on news from Venezuela. Socialist Venezuela's production problems are cutting oil supplies. Dwindling supplies mean higher prices, assuming demand either remains the same or grows.

Breakouts Thursday

Breakouts Thursday included cement provider CRH ( CRH), auto equipment maker Gentex ( GNTX), savings and loans Flagstar Bancorp ( FBC) and Northwest Bancshares ( NWBI), Dunkin' Brands Group ( DNKN) and security device maker ShotSpotter ( SSTI).

Among IBD's 197 industry groups, retail and oil stocks did well. Chip equipment makers and computer groups struggled.

(For updates on this story and other market coverage, check IBD's stock market news today.)

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The post Dow Leads Mixed Stock Session, As Oil Rises On Venezuela Problems appeared first on Investor's Business Daily.


75. Blue Chips Lead Mixed Action; These Stocks Are In Buy RangeЧт., 07 июня[−]

The Dow Jones industrial average led the market's mixed action Thursday morning, as energy names outperformed with a rebound in the price of oil. Retail stock Five Below ( FIVE) soared to new highs after an earnings beat late Wednesday. Meanwhile, Facebook ( FB), Costco ( COST) and IBD 50 name Entegris ( ENTG) are in buy zones. (For updates on this story and other market coverage, visit stock news today)

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The Dow Jones Industrial gained 0.5%, while the S&P 500 rose 0.2%. The tech-heavy Nasdaq traded 0.2% lower.

Among the Dow stocks, Chevron ( CVX) and Exxon Mobil ( XOM) were among the day's winners with advances of 2% and 0.8%, respectively. Crude oil prices rose over 1% in early trade. Chevron is rebounding from its 50-day line, but remains just below a 128 cup-with-handle entry.

Meanwhile, Exxon is shaping the right side of its own cup-shaped base.

Among companies reporting earnings, Five Below surged about 22% after the teen-centric retailer beat the Street's estimates and gave bullish guidance. Shares broke out past a 78.38 flat-base on June 5 — according to MarketSmith chart analysis.

Okta ( OKTA) gained almost 3% early Thursday after the company reported better-than-expected fiscal-Q1 results, while raising guidance for the full year. The stock is above the 20%-25% profit-taking level from a 42.99 cup-shaped base entry.

Warehouse retailer Costco reported May same-store sales that exceeded consensus forecasts at 8%. E-commerce growth came in at a strong 33%, but slower than the previous three months. Shares advanced nearly 2%, as the stock regained a cup with handle's 199.14 buy point.

After the market close, Broadcom ( AVGO) will report its fiscal-Q2 results. Consensus estimates show earnings per share of $4.06 on revenue of $5 billion. Shares rose 0.7% Thursday. The stock is shaping the right side of a potential base formation with a 285.78 buy point.

Among the FANG stocks, Facebook looked to make it four straight down days, as the stock fell over 1%. Shares broke out above a 188.42 buy point on May 31 and are in buy range.

Inside The IBD 50 Stocks

Among the top growth stocks, Entegris is breaking out above a 38.35 buy point amid the stock's advance Thursday. But the stock gave up the entry in midmorning trade. Volume is tracking well-above average. The stock's relative strength line is nearing a new high — a bullish technical metric.

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The post Blue Chips Lead Mixed Action; These Stocks Are In Buy Range appeared first on Investor's Business Daily.


76. Stocks Edge Up, Nasdaq Flat; Qualcomm, NXP Jump As ZTE Pays FineЧт., 07 июня[−]

Stocks opened in tightly mixed trade Thursday as the Nasdaq struggled to remain positive, the S&P 500 aimed to extend its rally to five days and the Dow sought to hold the 25,000 mark.

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Chip giant Broadcom ( AVGO) is on tap to report after the closing bell, but Zscaler ( ZS) and Five Below ( FIVE) both gapped up sharply at the open.

The Dow Jones industrial average advanced 0.3%. The S&P 500 fought to hold a gain of less than 0.1%. The Nasdaq Composite opened to a narrow loss, despite strong early gains from Qualcomm ( QCOM) and NXP Semiconductors ( NXPI). Both stocks had kicked into gear, leading the Nasdaq 100 index, after the Wall Street Journal reported Commerce Secretary Wilbur Ross said China-based telecom giant ZTE would pay a $1 billion fine to the U.S. ZTE had been banned from buying U.S.-made components, due to violations of U.S. sanctions against North Korea.

A planned $44 billion merger between Qualcomm and NXP had been stalled by Chinese regulators following the U.S. ruling against ZTE. Qualcomm rose 5.4% in opening trade. NXP gained 5.2% in early action.

Chevron Leads Dow; Entegris Scores Breakout

Chevron ( CVX) opened 2% higher, easily leading the Dow Jones industrial average. Wells Fargo maintained the stock's outperform rating, and raised its price target to 160, from 155. Chevron is trading just below a 131.18 buy point in a cup-with-handle base.

Industrial test and measurement specialist Fortiv ( FTV) topped the S&P 500 with a 4.1% gain. The Everett, Wash.-based company said late Wednesday it had offered $2.7 billion to acquire an advanced sterilization business unit from Johnson & Johnson ( JNJ). J&J confirmed it had received the offer, and had four months to accept.

Twitter ( TWTR) dipped 0.4%. Netflix ( NFLX) dropped 0.5% higher. Twitter is logging its first session as an S&P 500 listing. Netflix joined the S&P 100 big cap index. Twitter is extended after a breakout above a cup-with-handle buy point at 33.88. IBD Leaderboard stock Netflix is extended above a 338.92 buy point in a flat base.

IBD 50 stock Entegris ( ENTG) jumped 3.2% after announcing late Wednesday it would pay $355 million to acquire a gas purification unit of Italy's SAES Group. Chipmaker Entegris reported the unit produced earnings of $33.1 million and $91.5 million in revenue for 2017. Entegris' early gain broke the stock out past a 38.35 buy point in third stage cup base.

Nasdaq: Zscaler, Five Below Soar Out Of Buy Ranges

Despite powerful gains by Qualcomm and NXP, heavy early losses from Vodafone Group ( VOD) and Lam Research ( LRCX) helped drag the Nasdaq 100 into negative premarket territory.

But Nasdaq-listed Zscaler spiked 31.8% at the open. The security software play's fiscal third-quarter results showed its loss narrowed to 2 cents a share during the quarter, vs. expectations for an 8-cent per-share loss. Revenue rose a much-better-than-forecast 50%. Zscaler has soared nearly 17% since the start of June, to 92% above its March IPO price. The gain sent shares far beyond a buy range above a 30.20 buy point in a double-bottom base.

IBD Leaderboard stock Five Below blasted 19.6% higher as first-quarter revenue and earnings topped consensus views. Same-store sales came in a bit lighter than expected, but management gave Q2 revenue and earnings guidance well above consensus targets. The dollar store's gap up open sent shares out of a buy range from a flat-base buy point at 78.38.

Also on the Nasdaq, recent IPO Okta ( OKTA) launched 6.7% higher in early trade. The security software play reported a narrower-than-forecast loss late Wednesday, and forecast July-quarter sales above consensus views.

Jobless Claims Ease, Oil Jumps, 10-Year Yield Nears 3%

First-time unemployment applications were largely unchanged at 222,000 for the week ended June 2, according to the Labor Department. That was below consensus projections for an increase to 223,000 claims. The four-week moving average ticked higher, to 225,000, its third straight advance.

Bonds continued their downtrend into Thursday morning, lifting the 10-year Treasury yield 4 basis points to 2.99%. Yields have held below 3% since May 25.

Oil prices rebounded after taking a dip on Wednesday. West Texas Intermediate jumped 0.9% to trade back above $65 per barrel. Europe's benchmark Brent crude bounced 1.1% higher, putting it back above $76 per barrel. Oil markets have grown twitchy ahead of the June 22 meeting at which the Organization of Petroleum Exporting Countries and partners including Russia plan to discuss easing or removing their production caps.

(For updates on this story and other market coverage, visit stock news today)

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The post Stocks Edge Up, Nasdaq Flat; Qualcomm, NXP Jump As ZTE Pays Fine appeared first on Investor's Business Daily.


77. Boeing Leads Blue-Chip Rally; Tesla Leads Nasdaq To All-Time HighСр., 06 июня[−]

Strength in Boeing stock fueled a day of outperformance for the Dow Jones Wednesday as major stock indexes extended gains. JPMorgan ( JPM), Visa ( V) and Goldman Sachs ( GS) also outperformed in the blue-chip index.

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The Dow led the way, rising 1.4%; the S&P 500 added 0.9% and the Nasdaq composite rose 0.7%. Preliminary data showed volume on the NYSE and Nasdaq coming in slightly higher than Tuesday's levels.

Boeing ( BA) cleared an alternate entry of 365.10 Wednesday, rising 3% to 371.42. Shares of Boeing stock are still well within buy range.

Advanced Micro Devices ( AMD) was a big winner in the S&P 500, up nearly 6%, after the company updated its product road map at a trade show in Taiwan.

Financials Outperform

Big regional banks outperformed as the 10-year Treasury yield rose 4 basis points to 2.97%. Regions Financial ( RF) gained 3%. It's only 4% off its high as it works on a flat base. Comerica ( CMA), meanwhile, picked up nearly 2%. It's also near highs as it works on a flat base.

In other stock market results today, Ollie's Bargain Outlet ( OLLI) was volatile after reporting earnings. Shares opened lower, reversed higher and eventually ended lower by 0.7%. Late Tuesday, the top-performing retailer reported better-than-expected earnings and sales growth. There's no new entry for Ollie's at this point. The stock's last breakout was past a 62.15 buy point in April.

Also in the retail sector, RH ( RH) jumped nearly 4% to a new high. Earnings are due Monday after the close.

Tesla Soars After Shareholder Meeting

Tesla ( TSLA) jumped above the 300 level with conviction, rising nearly 10%. At the company's shareholder meeting, CEO Elon Musk assured investors the company is on track to deliver 5,000 Model 3 sedans by the end of the month. Even after Wednesday's strength, shares of Tesla are still 17% off its high. The 200-day moving average around 323 is a potential resistance level to watch.

Medical software name Athenahealth ( ATHN) was volatile on news CEO Jonathan Bush is stepping down as the company explores a possible sale. Shares gapped up to an intraday high of 163.94, up 8.5%, but the stock closed off session highs. Shares soared 16% on May 7 after Elliott Management offered to buy the company for $160 a share.

Outperformers in the IBD 50 included Planet Fitness ( PLNT), BofI Holding ( BOFI) and Five Below ( FIVE), with gains of 3% to 4%. Five Below rose in after-hours trading following the company's earnings report.

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The post Boeing Leads Blue-Chip Rally; Tesla Leads Nasdaq To All-Time High appeared first on Investor's Business Daily.


78. Stocks At Session Highs But Alphabet Eases On EU ThreatСр., 06 июня[−]

Stocks traded at session highs Wednesday afternoon, but Google's parent Alphabet ( GOOGL) fell on news that it faces a massive fine from the EU.

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The Nasdaq was up 0.5%, slightly behind other major indexes. Alphabet pared losses and was down 0.5% as it held near 2-1/2-week highs. The Financial Times reported that the EU could fine Alphabet as much as $11 billion for what it considers to be unfair competition practices for its Android operating system.

Facebook ( FB), another major Nasdaq component, fell 1% and was a bit of a hindrance for the Nasdaq. Facebook confirmed that it has shared user data with Chinese companies.

The S&P 500 rose 0.7%, to the highest point since March 14. The Dow Jones industrial average climbed 1.2% and topped the 25,000 level. While milestone levels like that are psychologically important, the 25,086 price is just as significant, and the Dow cleared that level too. It represents the May high and is around resistance the Dow has struggled to clear since March. (For updates on this story and other market coverage, check Stock Market Today.)

Boeing ( BA) rose 2.5% and cleared the 365.10 buy point of a cup-with-handle base. Volume was only about average, which dampened the breakout. Boeing's rise accounted for roughly one-fourth of the Dow's 200-point increase. The company — enjoying a strong market for passenger jets and higher defense spending — has been one of the Dow's winners this year.

Small caps continued to steam along, as the Russell 2000 added 0.5% and made another new high. Volume rose on the Nasdaq and was about flat on the NYSE.

Financials led the market. SPDR Financial ( XLF) rose 1.8%. Banking and brokerage stocks also shined. It appeared that financials rose as the yield on the 10-year Treasury note rose 5 basis points to 2.97%.

Generic drugs were Wednesday's best-performing industry group, up about 2%. There were no runaway winners in the group today, but a few with decent gains.

Leading stocks were doing well. IBD 50 member BofI Holding ( BOFI) broke out of a flat base with a 43.60 buy point in heavy trading. The IBD 50 index is trading at all-time highs.

Innovator IBD 50 ( FFTY) touched a record high. The ETF was up only a fraction but would be higher if it weren't for YY Inc. ( YY), which plunged 12% after the company's earnings report.

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The Latest Inside Investor's Corner

The post Stocks At Session Highs But Alphabet Eases On EU Threat appeared first on Investor's Business Daily.


79. Dow Jones Retakes 25,000 Level; When Is It Time To Buy Back Tesla?Ср., 06 июня[−]

Tesla got a badly needed reprieve from heavy institutional selling in stocks today after its annual shareholders meeting Wednesday. Grubhub remains in buy range after a breakout past a 106.80 buy point in a double bottom with handle.

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At 313.14, Tesla remains more than 19% below an all-time peak of 389.61. But a push above its 40-week moving average, currently near 320, would do the stock a lot of good. Why? It would mean the stock is making further progress on forming a new base.

Bases serve as launching pads for market leaders to break out and hit new highs. When a stock hits a new high, everyone (except for the shorts) is happy.

Meanwhile, blue chips helped push the Dow Jones industrial average to a solid gain of nearly 1% in afternoon trade. At least 12 of the Dow Jones' 30 components advanced 1 point or more. The Dow industrials hit a session high of 25,043 and is now 6% below its all-time peak of 26,616, set on Jan. 26.

At 2 p.m. ET, the S&P 500 gained nearly 0.5% while the Nasdaq composite lagged with a 0.3% lift. But the Nasdaq remains the top major index in year-to-date gains. At 7660, the composite index is up almost 11% since Jan. 1. Megacap tech leaders Apple ( AAPL) and Intel ( INTC) both cooled off but remain in firm uptrends. Both companies are also in the Dow.

The S&P SmallCap 600 gained 0.3% and continues to notch new all-time highs. At 1036, the 600 is up 10.7% since Jan. 1, vs. a 3.3% lift for the 500.

The top-performing names within the Dow Jones industrial average included money-center banks JPMorgan Chase ( JPM), up 2.4% and trying to cross back above its falling 50-day moving average, and Goldman Sachs ( GS) (up 1.5% in dull turnover).

Among the two Dow components, JPMorgan is showing better action, with a 66 Relative Price Strength Rating from IBD Stock Checkup. Goldman's RS Rating is a dismal 24. Both stocks are in basing mode, meaning that they haven't reached a point yet in which they could set up a potential breakout to new highs and solid gains for new investors.

Big Banks Still Lacking Luster

A 66 RS Rating means JPMorgan is outperforming 66% of all publicly traded companies in IBD's database over the past 12 months. JPMorgan's 2.1% annualized dividend yield exceeds the 1.82% yield for the S&P 500.

Meanwhile, the yield on the benchmark U.S. Treasury 10-year bond edged up to 2.96%, rising for the third time in four sessions and up from 2.41% on Jan. 1.

Why Apple Is A Market Leader

Apple continues to act well ever since it broke out of a bottoming base, a first-stage cup with handle and a 118.12 buy point, on Jan. 6, 2017. Since that prime buy point, the iPhone and digital services titan formed new bases along the way, including an eight-week flat base in September to October of 2017. Most recently, Apple shares have rallied more than 8% since climbing out of a seven-week double bottom at 179.04 on May 4.

Notice on a daily chart how on that May 4 session, volume zoomed 61% above average levels. That's exactly what you want to see as a stock surpasses a proper buy point. The heavy turnover indicates that mutual funds, pensions, banks, insurance companies and hedge funds are loading up on the stock.

Apple is a member of IBD Leaderboard.

Volume is running mildly higher vs. the same time Tuesday on both exchanges. The positive price-and-volume action points to institutional accumulation, a critical element of all confirmed uptrends.

The solid earnings outlook, huge corporate buyback plan, and Apple's success in becoming a giant in digital services revenue (think its music service and Apple Pay) appear to stand as positive factors for further upside.

The Street has trimmed its profit estimates recently, but still sees the bottom line growing 25% in the current fiscal year ending in September to $11.49 a share and up 15% to $13.25 in FY 2019.

Chicago's Finest

Grubhub, the leading company in the fast-growing market of online and mobile food ordering, fell more than 1% but is still acting fine. The 5% buy zone from the 105.78 buy point goes to 111.07. The stock struck a new high on Tuesday before fading.

The Chicago-based company's earnings have risen 35%, 77%, 21%, 45%, 13%, 22%, 61% and 79% vs. year-ago levels in the past eight quarters. Such numbers meet the C criterion in IBD's CAN SLIM seven-point paradigm; the C stands for "current earnings growth."

Revenue has climbed 32% to 49% over the same time frame.

The Street sees June-quarter earnings rising 58% to 41 cents a share.

How To Play Tesla

Returning to Tesla, comments from CEO Elon Musk that the company is still on track to ramp up production of the Model 3 electric vehicle to 5,000 cars per week are helping improve investor sentiment. Tesla shares rallied more than 6% to 309.82 in turbocharged volume.

On average, Tesla has traded 8.4 million shares per day over the past 50 sessions.

Tesla still worries investors about its cash burn rates, and is forecast to post a net loss of $6.82 a share this year.

But analysts currently see a profit turnaround as Tesla posts earnings of $2.37 a share in 2019. Tesla holds a float of 131 million shares and 170 million shares outstanding.

As seen on the daily chart, Tesla made three straight big advances in above-average turnover on April 3-5. Such nice moves help the stock's Accumulation/Distribution Rating to a neutral C on a scale of A (heavy net accumulation by funds) to E (heavy net distribution).

The Accumulation Rating covers 13 weeks' worth of price-and-volume action and can be seen in any stock in IBD's database via Stock Checkup.

Stocks in bases or clearing new buy points include Intercontinental Exchange ( ICE) (double bottom at 75.18), China social media network YY ( YY) (working on the right side of a new base), Micron Technology ( MU) (failed breakout at 63.52, watch for a new setup), and Arista Networks ( ANET).

Luxury furnishings retailer RH ( RH) rallied 3% to 109.10, breaking out of a double bottom with handle at 106.50. Volume is running mildly above average. The company continues to open new large-scale furniture galleries across the country.

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The post Dow Jones Retakes 25,000 Level; When Is It Time To Buy Back Tesla? appeared first on Investor's Business Daily.


80. Blue-Chip Stocks Lead Market; JPMorgan Battles At 50-Day LineСр., 06 июня[−]

Blue-chip stocks advanced nicely in late morning trade Wednesday, but the rest of the stock market appeared reluctant to follow the bullish pace. In the Dow, JPMorgan Chase ( JPM), Boeing ( BA) and Exxon Mobil ( XOM) scored the top gains.

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The Dow Jones industrial average rose 0.9%, while the S&P 500 added 0.5% and the Nasdaq 0.3%. The small-cap Russell 2000 rose more than 0.2%. Volume rose on both major exchanges vs. the same time Tuesday.

An hour into the session, JPMorgan popped 2%. Volume was about 15% above average. The bank stock recently found support at its 200-day moving average. JPMorgan is battling to retake its 50-day line, a key hurdle if the stock is to advance.

Most of the big money centers are trading below their 50-day line.

Boeing rose more than 1% in brisk volume. The stock is in its 5% buy zone from a 348.67 buy point. The base, though, was late stage. A stock generally has more trouble advancing after the first two breakouts are done.

Light sweet crude oil slid $1.08 a barrel to $64.44. Despite the retreat, Exxon Mobil initially rose 1.1% in the first 10 minutes of trade and then faded to a 0.4% gain.

Breakouts included savings & loan BofI Holdings ( BOFI), specialty chemicals company Orion Engineered Carbons ( OEC) and financial play Intercontinental Exchange ( ICE).

Tesla Pops

Among IBD's 197 industry groups, carmakers, construction machinery and banks were the day's leaders. Solar and electric utilities lagged the pack.

Electric car maker Tesla ( TSLA) surged 6% in heavy volume. CEO Elon Musk said the company would likely meet its Model 3 weekly production goals.

Crane maker Manitowoc ( MTW) lifted 15% in huge volume. The construction equipment group is a market laggard.

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The post Blue-Chip Stocks Lead Market; JPMorgan Battles At 50-Day Line appeared first on Investor's Business Daily.


81. Dow Leads Mixed Action; Retailer In Buy Zone Ahead Of EarningsСр., 06 июня[−]

The Dow Jones industrial average led the market's mixed action in morning trade Wednesday, as financial stocks showed early strength. Meanwhile, retail stock Five Below ( FIVE) is in buy range ahead of its earnings release after the market close. (For updates on this story and other market coverage, visit stock news today)

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The Dow Jones industrial gained 0.4%, while the S&P 500 was up 0.1%. The tech-heavy Nasdaq traded about 0.1% lower.

Among the Dow stocks, JPMorgan ( JPM) was one of the top-performers in morning trade. Shares moved up 1.5% and are approaching the 50-day line — a potential resistance level.

Among companies reporting earnings, Chinese leading stock YY ( YY) faltered 8% in early trade after the company reported better-than-expected Q1 results. Shares are shaping the right side of a potential base, but today's decline puts a damper on the formation.

Ollie's Bargain Outlet ( OLLI) was unchanged, as the retailer's late-Tuesday earnings and sales topped the Street's forecasts. Shares are at the 20%-25% profit-taking level from a 62.15 flat-base entry.

After the market close, Five Below ( FIVE) will report its quarterly earnings. On Tuesday, the teen-centric retailer broke out above a 78.38 flat-base entry and is still in the 5% buy range. Shares rose nearly 2%. Analysts expect the company to earn 32 cents per share on revenue of $291.1 million.

Twitter ( TWTR) reversed higher after initially falling about 1% on the company's plans to issue up to $1.15 billion of convertible debt. The stock is about 19% above a cup with handle's 33.88 buy point.

Tesla ( TSLA) jumped almost 5% after CEO Elon Musk made positive comments on Model 3 sedan production at the company's annual meeting. Shares are approaching a multimonth high of 312.99 — set on May 10.

Inside The IBD 50 Stocks

Among the top growth stocks, ZTO Express ( ZTO) advanced over 2%. The stock is holding tightly near its highs after last week's over-7% advance. Shares are well extended from an 18.18 buy point.

On the downside, Micron Technology ( MU) fell 1% — on pace to snap a three-day win streak. Shares triggered the 7%-8% loss-cutting sell signal from a cup-shaped base's 63.52 buy point.

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The post Dow Leads Mixed Action; Retailer In Buy Zone Ahead Of Earnings appeared first on Investor's Business Daily.


82. Dow Leads At Open; Tesla Climbs, Signet Spikes As Airlines TumbleСр., 06 июня[−]

JPMorgan ( JPM) nudged the Dow higher at Wednesday's open as earnings reports and positive trade news out of China also helped bolster early trade.

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Early advancers included Acacia Communications ( ACIA), Tesla ( TSLA) and Signet Jewlers ( SIG). China's Huya ( HUYA) and chipmaker Ambarella ( AMBA) were among the early declines.

The Dow Jones industrial average opened up 0.5%. The S&P 500 rose 0.3%, while the Nasdaq Composite held to a 0.2% gain. Signet Jewelers ( SIG) led the S&P 500, spiking 16% after reporting a surprise Q1 profit.

Early losses among airlines hindered both the Nasdaq 100 and S&P 500. Delta Air Lines ( DAL) fell nearly 3% after reporting a decreased load factor in May. American Airlines ( AAL), United Continental ( UAL) and Southwest Airlines ( LUV) all dropped nearly 1%.

Trade fears eased a bit, after news reports late Tuesday said Chinese telecom equipment maker ZTE Corp. had agreed in principle to a set of rules that would lift the U.S. trade restrictions on the company. The company's shutdown in April was attributed to tightened U.S. trade rules.

A final deal remains in doubt, however. Commerce Department spokesman James Rockas said that "no definitive agreement has been signed by both parties," according to Reuters.

Fiber-optic networking suppliers linked to ZTE showed some reaction in early trade: Lumentum Holdings ( LITE) rose nearly 2%. Acacia Communications vaulted 3% higher.

An agreement with ZTE could also clear the path for Qualcomm's ( QCOM) proposed $44 billion takeover of NXP Semiconductors ( NXPI). Qualcomm rose 0.5% in early trade. NXP fell 1.7%.

UnitedHealth Hikes Dividend; Musk Comment Lifts Tesla

JPMorgan topped the Dow with an early 1.2% gain. Also on the Dow, UnitedHealth Group advanced 0.8%. The health insurer announced a 20% increase to its quarterly dividend, and added 100 million shares to its targeted buyback initiative. UnitedHealth finished Tuesday's session less than 2% below a 249.27 buy point in a cup-with-handle base.

Tesla plowed to the head of the Nasdaq 100, up 3.4% as CEO Elon Musk told investors the company could hit its 5,000 car-per-week production target by the end of the month. Tesla shares are struggling to start up the right side of a three-month consolidation.

China IPOs: Huya Stumbles, iQiyi Gains; ZTO Leads IBD 50

China-based IPOs Huya reversed its premarket gain and opened 1.2% lower. The livestreaming gaming platform, which spun off from YY ( YY) in an IPO last month, reported triple-digit revenue and earnings growth in its first-quarter results late Tuesday. Shares are well-extended above an IPO base, ending Tuesday up nearly 22% from the base's 24.45 buy point.

IQiyi gained 2% in opening trade. The March IPO is extended after clearing an IPO base, ending Tuesday 63% above its IPO price.

YY dived more than 5%, despite reporting above-forecast earnings, revenue and user growth in its first-quarter report. Shares ended Tuesday up 38% from an April low, building the right side of a six-month consolidation.

China-based ZTO Express ( ZTO) jumped nearly 5%, leading the IBD 50 list in early trade. The stocks is extended after a breakout in May.

Two Houston-Based Builders Surge

NCI Building Systems ( NCS) capitalized on a breakout above a cup-with-handle buy point at 19.50. The maker of metal wall and roof systems surged 8% after reporting above-forecast fiscal Q2 sales and earnings late Tuesday. The company also restructured its debt during the quarter, extended the payback term and halved its interest costs. The stock broke narrowly above the base's buy point in heavy trade on Tuesday, and moved beyond buy range at Wednesday's open.

Construction and mineral exploration drilling contractor Layne Christensen ( LAYN) rose 2% at the open. The company reported a second straight quarter of triple-digit earnings growth late Tuesday, although revenue held to a 3% gain — below analyst expectations. The stock is just below a 16.17 buy point in a cup-with-handle base.

Oil Down, Trade Deficit Narrows, Productivity Slows

Commodities were mixed. In oil, U.S. benchmark West Texas Intermediate was down 0.4%, but holding above $65 a barrel, ahead of weekly oil supply data due out at 10:30 a.m. ET. American Petroleum Institute data released late Tuesday, which showed a 2-million-barrel decrease in weekly oil inventories. Consensus estimates project a 3.6-million-barrel decrease.

The U.S. trade deficit data narrowed to $46.2 billion in April, the Commerce Department reported, well below consensus views for $49 billion. The Commerce Department also revised March's deficit to $47.2 billion, down from $49 billion.

The Labor Department reduced its estimated for first-quarter productivity growth to 0.4%, down from its prior 0.7% estimate. Economists had projected a 0.7% tally. Unit labor costs increased 2.9%, up from an initial 2.7% growth estimate.

Global Markets: Tokyo, Hong Kong Climb, India's Sensex Surges

Asia's stock markets booked a positive session, with Tokyo's Nikkei 225 up 0.4% and the Shanghai Composite notching a 0.5% gain. The Sensex Index on India's Bombay Stock Exchange broke a three-day decline and rose 0.8%, after the central bank hoisted its benchmark interest rate for the first time since 2014.

In Europe, markets turned mixed in afternoon trade. Stocks received some lift after a European Central Bank economist said data showed inflation nearing targets, stirring speculation the ECB was set to provide details on winding down its stimulus program. At the same time, concerns lingered over Italy's new coalition government. London's FTSE 100 gained 0.3%, Frankfurt's DAX traded 0.5% higher and the CAC-40 in Paris dipped 0.4%.

(For updates on this story and other market coverage, visit stock news today)

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The post Dow Leads At Open; Tesla Climbs, Signet Spikes As Airlines Tumble appeared first on Investor's Business Daily.


83. Thursday Premarket: Stock Indexes, Tesla Face 3 Key ChallengesСр., 06 июня[−]

Dow futures led modest gains ahead of Thursday's open as the stock market and Tesla ( TSLA) faced several key tests. Premarket action pointed to a narrowly positive open, shot through with some dramatic moves — both up and down.

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Late earnings reports on Wednesday led new-issue Zscaler ( ZS) and dollar-store Five Below ( FIVE), both trading near buy points, to spike in after-hours trade. Recreational and specialty vehicle plays Thor Industries ( THO) and Rev Group ( REVG) suffered harsh losses.

Futures for the Dow Jones industrial average firmed to a 0.3% gain. S&P 500 and Nasdaq 100 futures traded 0.2% above fair value.

Tesla, Stock Market Face These 3 Challenges

With no significant economic news expected through the rest of the week, markets are beginning to look toward next week's meeting of the Federal Open Market Committee. Fed fund futures currently project a 94% probability that the meeting will produce a target rate hike. How markets will behave ahead of the meeting is a less certain bet, but the market faces several key challenges for Thursday's session.

1. Will the Dow hold the 25,000 level? The index first cleared the 25,000 mark in January, then slipped back below it in its huge Feb. 5 dive. The mark holds little technical significance, but could bolster the market's mood and set sights on retaking the Dow's January record high.

2. Will the Nasdaq and S&P 500 extend their rally to a fifth day? The S&P 500 ended Wednesday 1% below its 2801 high of March 13. That marker is still well below the index's late-January peak, but retaking the psychologically important level would bode well for the market's status. The hurdle is within striking distance on Thursday.

3. Will Tesla hold on to its massive 9.7% gain from Wednesday, the stock's largest move since November 2015? Chief Executive Elon Musk spurred the move at the company shareholder meeting on Wednesday, saying Model 3 production would "quite likely" hit 3,000 vehicles a week by the end of June. The maker of luxury battery-powered vehicles has a history of missing its self-imposed targets, a trait reflected in the stock's tentative action over the past year.

Zscaler, Five Below Poised To Exit Buy Ranges

Zscaler surged 10.8% in Wednesday's extended trade following its fiscal third-quarter report. The security software play narrowed its loss to 2 cents, vs. expectations for an 8-cent loss. Revenue powered up a much-better-than-forecast 50%. Zscaler has soared nearly 17% since the start of June, to 92% above its March IPO price. The stock closed Wednesday in a buy range above a 30.20 buy point in a double-bottom base. The stock's after-hours move implied it would open beyond buy range on Thursday. Moves made in extended trade do not always carry over into the regular session.

IBD Leaderboard stock Five Below rocketed 10.8% after Wednesday's close as first-quarter revenue and earnings topped consensus views. Same-store sales came in a bit lighter than expected, but management boosted its Q2 revenue and earnings guidance well above consensus targets. The dollar store's shares were up 13.9% for the week on Wednesday, and nearing the top of a buy range from a flat-base buy point at 78.38.

Downside: Thor, Rev Group Break Camp

Rev Group, the already beaten-down maker of ambulances and school buses, bombed more than 14% after its fiscal Q2 revenue and earnings missed expectations. The stock ended Wednesday 46% below its January high.

Leading trailer and motor-home brand Thor Industries reeled more than 6% lower. Fiscal third-quarter revenue just met analyst targets, but earnings growth stopped short. The company said industry outlook is strong and labor costs had moderated, but it cited raw-material price increases "due in large part to the headwinds created by the announcement and implementation of the steel and aluminum tariffs and other regulatory actions, as well as higher warranty costs." Thor shares closed 38% below their January peak.

Oil Prices, Jobless Claims

Oil prices were steady after taking a dive on Wednesday. West Texas intermediate dropped 1.2% to settle back below $65 per barrel. Energy Information Administration data showed a surprise 2.1 million barrel increase in weekly oil supplies.

Prices are likely to remain in flux ahead of the June 22 meeting at which the Organization of Petroleum Exporting Countries and partners including Russia will discuss whether and how much to ease current production caps. Oil prices are tacking toward a third straight weekly decline — the first three-week downtrend since September last year.

Weekly jobless claims are the only notable economic data due out Thursday. The release is scheduled for 8:30 a.m. ET.

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The post Thursday Premarket: Stock Indexes, Tesla Face 3 Key Challenges appeared first on Investor's Business Daily.


84. Retailer Stocks Take Charge As Nasdaq Leads; Sell Canada Goose Stock Now?Вт., 05 июня[−]

Retailer stocks and consumer-spending plays, particularly those focusing on apparel and food, did well on Tuesday during another upbeat session for the Nasdaq.

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The tech-rich composite gained 0.4% on the back of strength in companies including Netflix ( NFLX) (up 1%) and Apple ( AAPL) (up 0.7%). Both reached new highs.

Apple and Netflix are two FAANG companies that hold a spot in IBD Leaderboard. The premium service features annotations on the daily and weekly charts to help users become more adept at spotting precise buy points and sell signals.

Chip and semiconductor equipment plays also showed upside progress. ASML ( ASML), the Dutch lithographic systems giant, gapped up at the open and rallied more than 2% to 209.15, good for a nearly seven-week high. ASML is still in basing mode.

The Russell 2000-tracking iShares Russell 2000 ETF ( IWM) beat the large caps yet again. The exchange traded fund rose 0.6% to 165.71, up 8.5% since Jan. 1.

The S&P 500 eked out a gain of less than 0.1%. At 2749, the large-cap benchmark is up only 2.8% year to date. The Dow Jones industrials closed virtually flat. Volume grew on the NYSE and sank on the Nasdaq, according to early data. The Dow transports slumped 0.4% after being down as much as 1.1% intraday. Crude oil rebounded. WTI futures rose 0.9% to $65.33 a barrel.

Meanwhile, hot new IPO Canada Goose ( GOOS), maker of winter coats that sell for $800 or more, advanced for a seventh straight session. Shares rose nearly 2% to 43.92 and hit new highs in low volume.

A hot growth stock can make new highs in below-average trade and still have the strength to keep its long-term uptrend going. That's especially true when the breakout from a proper base occurred within the past 18 weeks or so.

However, Canada Goose is close to triggering an offense-type sell signal. Why? Since its April 19 breakout past a 36.76 buy point, the stock is close to nailing a 20% profit, which would trigger at 44.11.

Canada Goose debuted on the NYSE at 12.75 a share in March 2017.

When CAN SLIM-style growth investors take multiple profits in good-sized positions at 20% to 25%, they set themselves up for a grand year.

Think of it this way. If you start with $10,000 and invest all of that money in a stock that leads the market, sell all shares when the profit reaches 20%. Now you're at $12,000. Do this two more times, and your balance is up to $17,280, up 72.8%.

The Toronto-based apparel company is enjoying fantastic growth, with earnings rising 189% to 55 cents a share in fiscal 2017 (ended in March of that year) on a 39% blast up in sales to $303 million. Most of its sales come in the quarters ending in September and December.

Elsewhere in the retail space, Kohl's ( KSS) and Dillard's ( DDS) outperformed with gains of more than 4% each. Kohl's is now extended more than 11% past a 67.10 prime entry in its double bottom.

Dillard's is in buy range from a conventional entry at 88.61. Read more in today's New Highs column.

Grubhub ( GRUB) climbed as much as 5.3% before settling back to end at 109.46, up 1.5%. Yet more important, the online and mobile food-ordering innovator is now trying to rush further past a 106.80 breakout point in a mild double bottom and handle.

Read more about Grubhub in today's Stock Spotlight column.

The Innovator IBD 50 ETF ( FFTY) rallied more than 1% after lagging the major indexes on Monday. At 36.24, the fund is now up 9% year to date. It gained 34% in 2017.

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

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The post Retailer Stocks Take Charge As Nasdaq Leads; Sell Canada Goose Stock Now? appeared first on Investor's Business Daily.


85. Nasdaq Hits All-Time High As Bull Run Continues; Dillard's, Kohl's, Macy's Extend GainsВт., 05 июня[−]

The S&P 500 rose slightly in late-afternoon trading Tuesday, while the Nasdaq composite was back near highs after hitting an all-time high earlier in the session. The so-called FANG stocks were mixed, with Amazon.com ( AMZN) and Netflix ( NFLX) showing gains of just over 1%. Google parent Alphabet ( GOOGL) and Facebook ( FB) edged lower.

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The Nasdaq added 0.4%, the S&P 500 picked up 0.1%, and the Dow Jones industrial average was flat. After lagging Monday, small caps outperformed, with the Russell 2000 up 0.5%. Volume on the NYSE and Nasdaq was tracking close to Monday's levels.

In stock market results today, Chevron ( CVX) and Exxon Mobil ( XOM) were strong performers in the Dow as oil prices rebounded. U.S. crude oil futures for July delivery recently traded around $65.46 a barrel, up 1.1%.

S&P 500 Leaders

Top performers in the S&P 500 had a retail flavor. Shares of Gap ( GPS) soared 8%, while Macy's ( M) jumped 7%.

After a strong showing Monday, department-store operators outperformed again. Dillard's ( DDS) followed through after Monday's breakout from a cup-with-handle base with an 84.34 entry. Shares rose 5% and are up 11% so far this week. Read more about Dillard's in today's New Highs column.

Kohl's ( KSS) also followed through with a 5% gain. It recently cleared a double-bottom base with a 67.10 buy point. The stock on Monday broke out to new high ground.

Growth Stocks On The Move

Elsewhere, in the chip space, STMicroelectronics ( STM) gapped up over a 24.62 cup-with-handle buy point. Shares were recently trading around 24.78, up 4%. Meanwhile, chip equipment firm ASML ( ASML) also gapped up and was just below a 213.45 double-bottom entry. Shares rose 4% to 24.84.

Twitter ( TWTR) jumped 5% in heavy volume on news it'll soon join the S&P 500. The stock has turned into a compelling turnaround story after reporting a 21% increase in quarterly sales in late April. Twitter recently cleared a cup-with-handle base with a 33.88 buy point. It's well-extended in price now. Twitter is a recent new addition to the IBD 50 list of leading growth stocks.

Also in the IBD 50, HealthEquity ( HQY) jumped 3% after the health-savings-account provider reported strong earnings late Monday. It's also extended in price after a low-volume breakout over a 68.85 buy point.

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The post Nasdaq Hits All-Time High As Bull Run Continues; Dillard's, Kohl's, Macy's Extend Gains appeared first on Investor's Business Daily.


86. Stocks Mixed; Twitter Hits New High And This Retailer Breaks OutВт., 05 июня[−]

Stocks were mixed in afternoon trade Tuesday. Social media leader Twitter ( TWTR) surged to new highs after its inclusion in the S&P 500 index. Meanwhile, Five Below ( FIVE) is breaking out above a buy point Tuesday. (For updates on this story and other market coverage, visit stock news today)

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The tech-heavy Nasdaq briefly turned red before rising 0.3% in late-day trade, while the S&P 500 was unchanged. The Dow Jones industrial average dipped just 0.1%

Among the Dow stocks, Apple ( AAPL) hit a new high Tuesday with a 0.7% gain. Shares are extended from a 179.04 double-bottom entry.

On the downside, Walmart ( WMT) fell more 1% and was the biggest loser on the blue-chip index. Shares are finding resistance at the 50-day line — about 23% off its 52-week high.

Among companies reporting earnings, top software stock Coupa Software ( COUP) jumped almost 7% after beating the Street's Q1 estimates and providing better-than-expected guidance. The stock is about 16% above a 50.79 flat-base entry.

Leading health savings accounts provider HealthEquity ( HQY) gained 4% on its way to a new high Tuesday. The company easily topped Q1 earnings estimates late Monday. Shares are about 15% above a 68.85 flat-base entry.

After the market close, Chinese stock YY ( YY) and Ollie's Bargain Outlet ( OLLI) will report their respective quarterly earnings results.

IBD 50 name YY is expected to earn $1.52 on sales of $487.8 million. Shares of the livestreaming company are etching the right side of a potential cup-shaped base. The stock rose almost 2% in midday trade.

Ollie's is expected to earn 36 cents per share on revenue of $270 million. The retailer is extended above a 62.15 flat-base entry and is right at the 20%-25% profit-taking range. Shares rose over 1%.

Twitter surged over 5% on its way to a new high. Shares are about 18% above a 33.88 cup-with-handle entry after a breakout on May 21. Standard & Poor's announced Twitter would join the S&P 500 index.

Five Below is breaking out above a 78.38 flat-base entry with a 3% rise and is in the 5% buy range. The company will report its quarterly earnings after the market close Wednesday.

Inside The IBD 50 Stocks

Among the top growth stocks, Trade Desk ( TTD) shot up 5% to recover from Monday's downgrade-related losses. The stock is about 30% above a 67.40 buy point after an earnings-related gap up on May 11.

On the downside, SolarEdge Technologies ( SEDG) stumbled nearly 5%. Shares fell further under the 50-day line and are about 25% off high.

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The post Stocks Mixed; Twitter Hits New High And This Retailer Breaks Out appeared first on Investor's Business Daily.


87. Stock Indexes Mostly Red, But Apple Refuses To QuitВт., 05 июня[−]

U.S. stock indexes turned mostly red in late morning trade Tuesday. Apple ( AAPL) posted a moderate gain in brisk volume as it added to Monday's bullish clearing of a four-weeks-tight pattern.

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The Nasdaq eased 0.1%, while the S&P 500 and the Dow Jones industrial average lost 0.2% and 0.4% respectively. The small-cap S&P 600 was just below flat.

Volume was running lower on both major exchanges compared with the same time Monday.

The FANG stocks were mostly up, but the early volume faded. Facebook ( FB) added 0.1%; Amazon.com ( AMZN), 1%; Netflix ( NFLX), 1.7%; but Alphabet ( GOOGL) slipped 0.1%.

Apple's breakout Monday lifted it above a secondary buy point at 190.47. Apple's relative strength line is at a new high, a bullish sign. The RS line measures a stock's performance vs. the S&P 500. A rising line points to outperformance.

In late morning trade Tuesday, Apple was up 0.7% in average turnover.

China Talks Disappoint

In international news, U.S. trade talks with China have yet to make progress, according to the Asia-Pacific news site The Diplomat. Meanwhile, CNBC reported that on June 15 the White House will release its final list of tariffs on Chinese imports.

The continual swirl around tariffs implies more uncertainty for the stock market. The Street has had trouble pricing in President Trump's tariff proposals.

Among IBD's 197 industry groups, department stores and agricultural chemicals led the day's gainers. Energy and airline stocks sank.

Stock Breakouts

Breakouts Tuesday included variety retailer Five Below ( FIVE), Valiant Pharmaceuticals ( VRX) and investment manager Altaba ( AABA).

Top-rated stocks moving up in volume included internet stock Twitter ( TWTR), online restaurant takeout service provider Grubhub ( GRUB), health savings account manager HealthEquity ( HQY) and advertising play Trade Desk ( TTD). HealthEquity beat profit expectations late Monday.

(For updates on this story and other market coverage, check IBD's stock market news today.)

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The post Stock Indexes Mostly Red, But Apple Refuses To Quit appeared first on Investor's Business Daily.


88. Nasdaq Paces Early Gains As Oil Dives; These 2 FANGs Look SharpВт., 05 июня[−]

The Nasdaq easily outran the Dow and S&P 500 Tuesday morning, as oil prices continued to slide and despite economic data showing a sharp upturn in services sector activity.

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Mylan ( MYL), Twitter ( TWTR), Apple ( AAPL) and G-III Apparel Group ( GIII) were strong early leaders. And Netflix ( NFLX) punched out a new high ahead of its addition to the S&P 100 index.

The Dow Jones industrial average struggled out of the red and into slight gains. The S&P 500 edged up 0.2%. The Nasdaq Comsposite extended its lead to 0.5%, as Mylan and Dish Network ( DISH) posted its strongest moves.

Oil Falls On U.S. OPEC Output Request

Brent crude led an early dive in oil prices, down 1.7% to just above $74 per barrel. The U.S. government requested an increase of 1 million barrels per day in oil supply from Saudi Arabia and "some other OPEC producers," according to Bloomberg. The request followed a Twitter message from President Trump regarding OPEC policy and rising oil prices.

Oil prices rose following the reinstatement of U.S. economic sanctions against Iran in May. Additional upward pressure has come from dwindling production out of Venezuela. But the price increases reversed as the Organization of the Petroleum Exporting Countries began discussing an end to its two-year production cap agreement with Russia.

U.S. benchmark West Texas Intermediate traded down 0.3% Tuesday, below $65 a barrel. WTI prices have fallen in eight of the past nine sessions, and are 11% off their May 22 high.

Apple Leads Dow, Mylan Gets FDA Nod, Twitter Joins S&P 500

Apple was an early leader among Dow stocks, up 1% as the company basked in attention from its annual Worldwide Developers Conference. The IBD Leaderboard stock pegged a new high on Monday, as the company unveiled, among other things, its next-generation mobile operating system. Shares are up 19% from a late-April low.

Over the past 10 years, Apple stock has risen on average 4.1% in the one month leading up to WWDC. In the month after WWDC, Apple stock has fallen an average 1.9% in the last 10 years.

Mylan easily led the S&P 500, up 6.6%. The company announced late Monday the Food and Drug Administration had approved Fulphila, a biosimilar to Amgen's ( AMGN) Neulasta. The drug treats chemotherapy patients suffering from reduced white blood cell counts.

Mylan shares have been declining since January. Amgen shares fell nearly 2% in Tuesday's early trade.

Twitter popped 5.1% in early action. Standard & Poor's announced late Monday the stock would replace Monsanto ( MON) on the S&P 500 list at the start of trade on Thursday.

S&P also announced Netflix will replace Monsanto on the S&P 100 list. Germany's Bayer ( BAYRY) agreed on May 29 to pay $64 billion to acquire St. Louis-based Monsanto.

Twitter shares are extended, up nearly 16% since clearing a cup-with-handle base in late May. Netflix jumped 2% Tuesday morning. The IBD Leaderboard stock is extended after a breakout from a flat base on May 23.

Earnings News: Health Equity, G-III, HD Supply

Health Equity ( HQY) leapt 3% after reporting better-than-expected earnings and revenue late Monday. The custodian of health savings accounts ended Monday's session up 11% since breaking out from a flat base on May 4.

G-III Apparel, manufacturer of Levi's, Guess and Kenneth Cole brands, spiked 12% in early action. The New York-based company scored a big first-quarter sales and earnings beat, and lifted second-quarter guidance above views. The stock is extended beyond buy range after clearing a cup base on May 30.

HD Supply Holdings ( HDS) advanced 3.6% after first-quarter earnings growth outpaced analyst expectations and revenue fell less than forecast. The move lifted shares above buy range, past a 40.62 buy point in a saucer base.

Economic News: Services Sector Accelerates In May

Data from researcher Markit showed a sharp upturn in services sector activity in May, lifting the IHS Markit U.S. Services PMI to 56.8 for the month. That was up from 54.6 in April, the index's largest increase since April 2015. Backlogs increased at their highest rate in more than three years. That prompted the strongest job creation since September 2015. Input cost and selling price inflation also continued however, as capacity issues intensified and raw material procurement became more difficult.

That reading was seconded by another service-sector gauge, the Non-Manufacturing ISM index from the Institute of Supply Management. That index rose to 58.6, up from 56.8 in April and above consensus forecasts for an increase to 58.

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The post Nasdaq Paces Early Gains As Oil Dives; These 2 FANGs Look Sharp appeared first on Investor's Business Daily.


89. Stocks Mixed; Twitter, Mylan, Apple In Motion; Oil DivesВт., 05 июня[−]

Stocks opened narrowly higher, then turned mixed Tuesday, as the major indexes struggled to extend their early June rally. Mylan ( MYL), Twitter ( TWTR), Apple ( AAPL) and G-III Apparel Group ( GIII) all posted significant early moves. But a downswing in global oil prices dragged on early action, despite economic data showing a sharp upturn in services sector activity.

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The Dow Jones industrial average quickly shed its opening gain and slipped into a slight decline. The S&P 500 wrestled at the breakeven point. The Nasdaq Comsposite added 0.2%, as Mylan and Discover Communications ( DISCA) posted its strongest early moves.

The Nasdaq, S&P 500 and the Dow are all jockeying to add a third day to the rally begun June 1. The Nasdaq pegged a new closing high Monday, after Friday's move above the 7,500 level. The benchmark opens Tuesday less than 0.5% below its March 13 record high.

The S&P 500 on Monday moved above some short-term resistance near 2,742. It is 2% below its interim high set March 13, but still 4.5% below its January peak. The Dow is set to take another run at the 25,000 level, which it briefly cleared in late May. It remains 1.1% below that May 21 high mark, and 6.8% below its late-January record.

Oil Falls On U.S. OPEC Output Request

Brent crude led an early slip in oil prices, down 1.6% to just above $74 per barrel. The U.S. government requested an increase of 1 million barrels per day in oil supply from Saudi Arabia and "some other OPEC producers," according to Bloomberg. The request followed a Twitter message from President Trump regarding OPEC policy and rising oil prices.

Oil prices rose following the reinstatement of U.S. economic sanctions against Iran in May. Additional upward pressure has come from dwindling production out of Venezuela. But the price increases reversed as the Organization of the Petroleum Exporting Countries began discussing an end to its two-year production cap agreement with Russia.

U.S. benchmark West Texas Intermediate traded down 0.5% early Tuesday, well below $65 a barrel. WTI prices have fallen in eight of the past nine sessions, and were 11% off their May 22 high.

Apple Leads Dow, Mylan Gets FDA Nod, Twitter Joins S&P 500

Apple set the early pace among Dow stocks, up 0.7% as the company basked in attention from its annual Worldwide Developers Conference. The stock pegged a new high on Monday, as the company unveiled, among other things, its next-generation mobile operating system. Shares are up 19% from a late-April low.

Over the past 10 years, Apple stock has risen on average 4.1% in the one month leading up to WWDC. In the month after WWDC, Apple stock has fallen an average 1.9% in the last 10 years.

Mylan easily led the S&P 500, up 6.3%. The company announced late Monday the Food and Drug Administration had approved Fulphila, a biosimilar to Amgen's ( AMGN) Neulasta. The drug treats chemotherapy patients suffering from reduced white blood cell counts.

Mylan shares have been declining since January. Amgen shares fell nearly 2% in Tuesday's early trade.

Twitter popped 4.3% in early action. Standard & Poor's announced late Monday the stock would replace Monsanto ( MON) on the S&P 500 list at the start of trade on Thursday. Netflix ( NFLX) will replace Monsanto on the S&P 100 list. Germany's Bayer ( BAYRY) agreed on May 29 to pay $64 billion to acquire St. Louis-based Monsanto.

Twitter shares are extended, up nearly 16% since clearing a cup-with-handle base in late May.

Earnings News: Health Equity, G-III, HD Supply

Health Equity ( HQY) opened flat after reporting better-than-expected earnings and revenue late Monday. The custodian of health savings accounts ended Monday's session up 11% since breaking out from a flat base on May 4.

G-III Apparel, manufacturer of Levi's, Guess and Kenneth Cole brands, spiked 10% in early action. The New York-based company scored a big first-quarter sales and earnings beat, and lifted second-quarter guidance above views. The stock is extended beyond buy range after clearing a cup base on May 30.

HD Supply Holdings ( HDS) advanced 4.4% after first-quarter earnings growth outpaced analyst expectations and revenue fell less than forecast. The move lifted shares above buy range, past a 40.62 buy point in a saucer base.

Economic News: Services Sector Accelerates In May

Data from researcher Markit showed a sharp upturn in services sector activity in May, lifting the IHS Markit U.S. Services PMI to 56.8 for the month. That was up from 54.6 in April, the index's largest increase since April 2015. Backlogs increased at their highest rate in more than three years. That prompted the strongest job creation since September 2015. Input cost and selling price inflation also continued however, as capacity issues intensified and raw material procurement became more difficult.

the Institute of Supply Management at 10 a.m. ET. Also, the Labor Department releases its April Job Openings and Labor Turnover Survey at 10 a.m. ET.

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The post Stocks Mixed; Twitter, Mylan, Apple In Motion; Oil Dives appeared first on Investor's Business Daily.


90. Dow Jones Futures: Forget Starbucks, These 4 Top Stocks Are Moving On NewsВт., 05 июня[−]

Dow Jones futures rose slightly Tuesday morning, along with S&P 500 index futures and Nasdaq futures. Starbucks ( SBUX) dipped late as Howard Schultz stepped down as chairman. But investors should focus on top stocks. IBD 50 stocks Netflix ( NFLX), Twitter ( TWTR), HealthEquity ( HQY) and Coupa Software ( COUP) were active after hours on news.

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The Nasdaq composite rose 0.7%, hitting a record close and just below its March 13 intraday peak. The S&P 500 index advanced 0.45%, edging above a recent range to its best levels since mid-March. The Dow Jones industrial average climbed 0.7%, but it's still in its recent sideways trend.

Dow Jones Futures

Dow Jones futures rose 0.1% vs. fair value. S&P 500 futures climbed 0.1%. Nasdaq 100 futures were 0.3% above fair value, suggesting that the Nasdaq composite will be on the cusp of an all-time high at the open.

Starbucks

Starbucks stock fell 1.3% early Tuesday on the news that longtime leader Schultz is stepping down, perhaps with an eye toward political office in 2020. Schultz turned Starbucks into a global coffee-shop giant, changing how Americans and much of the world thinks about coffee. But in recent years the stock has stagnated, with U.S. same-store sales frequently missing views.

Netflix, Twitter Added To Stock Indexes

Netflix stock rose a fraction Tuesday on news that it'll be added to the S&P 100. Twitter on Thursdaywill join the S&P 500 index, which Netflix is already on. Twitter stock jumped 4.6% before the open in Tuesday's stock market trading. Both Netflix and Twitter are already extended from recent buy points.

Netflix has been an IBD Leaderboard stock since early April.

HealthEquity

The health-savings-account custodian reported better-than-expected earnings and revenue. HealthEquity stock rose 4.4% late. It was not yet active Tuesday morning.

Coupa Software

Coupa, whose cloud-based software helps businesses control their spending, topped quarterly views late. Coupa lost 1 cent a share, nearly breaking even and defying views for a widening loss of 11 cents a share. Revenue climbed to $56 million.

Coupa also offered bullish guidance.

Coupa Software stock rose 1.4% late. Shares were not active yet Tuesday.

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The post Dow Jones Futures: Forget Starbucks, These 4 Top Stocks Are Moving On News appeared first on Investor's Business Daily.


91. Premarket: ZTE News, Earnings Stir Trade; 2 China-Based Techs JumpВт., 05 июня[−]

Tech stocks flashed signs of premarket strength Wednesday, as a handful of late earnings reports hinted at early action. In addition, late news on negotiations regarding China's ZTE Corp. boosted related stocks, including Acacia Communications ( ACIA) and Qualcomm ( QCOM).

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Earnings news drove China-based IPO Huya ( HUYA) and YY ( YY) to notable gains. Houston-based construction plays Layne Christensen ( LAYN) and NCI Building ( NCS) wre quiet after booking big after hours moves Tuesday, and Ollie's Bargain Outlet ( OLLI) flattened after clocking one of Tuesday's heaviest after-hours declines.

Futures for the Dow Jones industrial average rose 0.4% above fair value. S&P 500 and Nasdaq 100 futures gained 0.2% well ahead of Wednesday's open.

China trade negotiations and fluctuating oil prices will remain under the market's microscope on Wednesday, as the Nasdaq looks to hold its record high, and the S&P 500 closes in on the 2800 mark.

Oil prices had pulled up Tuesday after a three-day dive. West Texas intermediate crude gained early Wednesday, following Tuesday's 1.8% gain. The benchmark traded at $65.61 per barrel.

Oil received some support from American Petroleum Institute data released late Tuesday, which showed a 2-million-barrel decrease in weekly oil inventories. Official stockpiles data are due out Wednesday morning from the Energy Information Administration. The consensus estimate projects a 3.6-million-barrel decrease in oil supplies and a 500,000-barrel decrease in gasoline stores.

Trade balance data for April and first-quarter cost and productivity estimates are also expected before the market opens.

Apple Steady, Ollie's Stumbles, Biotechs Take a Hit

Apple ( AAPL) rose 0.3%, and three of the four FANG tech leaders edged higher. Facebook ( FB) dropped 1.3% in premarket action. The stock remains in a buy range above a 188.42 cup-with-handle base.

Amazon.com ( AMZN) and Netflix ( NFLX) had both climbed more than 1% during Tuesday's session to take out new highs.

Retail stocks were among the market's best performers Monday and Tuesday, but extended trade was mixed on that front. Ollie's Bargain Outlet was not yet active, but had shown a 5% loss in extended trade Tuesday. The chain scored better-than-forecast sales and earnings — and a strong beat in its comparable-store sales. A seven-week advance left the stock extended at Tuesday's close, up 21% since breaking out above a flat base in April.

Biotechs Uniqure ( QURE) and Immunogen ( IMGN) were set for possible pullbacks early Wednesday. Immunogen traded down 4.6% in Tuesday's after-hours action, and Uniqure fell 2.6%. Uniqure was up 89% for the year through Tuesday; Immunogen was up 79%. Both companies have yet to turn a profit.

Layne Christensen, NCI Poised For A Strong Start

Two Houston-based building plays worth watching are Layne Christensen and NCI Building Systems.

Construction and mineral exploration drilling contractor Layne Christensen had climbed nearly 3% in Tuesday's post-market action. The company reported a second straight quarter of triple-digit earnings growth, although revenue held to a 3% gain — below analyst expectations. The stock ended Tuesday below a 16.17 buy point in a cup-with-handle base. Shares were inactive early Wednesday.

NCI was set to capitalize on a breakout above a cup-with-handle buy point at 19.50. The maker of metal wall and roof systems reported above-forecast fiscal Q2 sales and earnings. The company also restructured its debt during the quarter, extended the payback term and halved its interest costs. The stock broke narrowly above the base's buy point in heavy trade on Tuesday. Extended trade suggested a gap-up move beyond buy range at Wednesday's open.

Among China-based names, IBD 50 stock YY Inc. ( YY) traded 2% higher following a big first-quarter earnings and revenue beat. Earnings rose 30%, revenue surged 57%. YY shares have climbed in six of the past seven weeks, lifting the stock up the right side of a six-month base.

China-based IPO Huya, spun off from YY last month, popped 7% in premarket trade. Investors were just digging into the livestreaming gaming platform's first-quarter results, reported after the close. Shares are well-extended above an IPO base, ending Tuesday up nearly 22% from the base's 24.45 buy point.

China's ZTE Agrees To Play By The Rules

Reuters reported late Tuesday that Chinese telecom equipment maker ZTE Corp. had agreed in principle to a set of rules that would lift the U.S. trade restrictions responsible for shutting the company down in April.

Reuters quoted Commerce Department spokesman James Rockas saying that "no definitive agreement has been signed by both parties."

Fiber-optic networking suppliers linked to ZTE were mixed in play in early trade: Oclaro ( OCLR) and Lumentum Holdings ( LITE) were inactive, after rising more than 2% each late Tuesday. Acacia Communications vaulted more than 4% higher.

An agreement with ZTE could also clear the path for Qualcomm's proposed $44 billion takeover of NXP Semiconductors ( NXPI). Qualcomm rose 1.3% in premarket trade. NXP was down 0.7%.

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The post Premarket: ZTE News, Earnings Stir Trade; 2 China-Based Techs Jump appeared first on Investor's Business Daily.


92. Veeva, YY Lift Stocks As Dow Jones Leads; Is It Time To Sell iQiyi Stock?Пн., 04 июня[−]

The Dow Jones industrial average rose a bit more than 0.7% in stocks today and slightly outperformed the other major averages. Retail, software and Chinese ADRs helped fortify the U.S. market's upside. Veeva Systems ( VEEV), one of the newest names in IBD Leaderboard, padded its gains Monday with a 2% rise to as high as 81.58, 4% past a 78.38 new buy point.

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Veeva, the Pleasanton, Calif., medical software firm, is within proper buy range. Volume on Monday expanded 116% above the 50-day average.

Shares have also risen 29% from a 63.10 breakout point within a double-bottom base that formed from Nov. 27, 2017, to Feb. 26. That base is part of a longer consolidation.

Meanwhile, China's popular video streaming service iQiyi ( IQ) bolted to a new high of 32.40, up as much as 13.8%, before retreating significantly. The new IPO still closed the session up more than 3%, but it triggered a key offense-type sell signal by reaching a profit target.

Read more about iQiyi's stock action in this New Highs column.

The Nasdaq composite gained nearly 0.7%. The S&P 500 rose more than 0.4% as strength in retail, computer networking and integrated telecom companies offset declines in the solar, oil and gas, rail transport, restaurant and biotech industries.

U.S. crude near-term futures slumped 1.3% to $64.94 and have now fallen more than 11% from a recent peak at $72 a barrel.

The Russell 2000-tracking iShares Russell 2000 ETF ( IWM) rose 0.5% and finished at session highs.

Volume fell on both main exchanges vs. Friday.

Williams-Sonoma ( WSM) rushed nearly 7% higher, helping to lead the home furnishings industry group. On May 23, the kitchenware and interior goods chain notched its best earnings growth in more than four years as fiscal Q1 earnings climbed 31% to 67 cents a share, walloping the Thomson Reuters consensus estimate by nearly 16%. Sales accelerated 8% higher to $1.20 billion.

Apple ( AAPL) rallied 0.8% to 191.83 in dull turnover, yet still managed to clear a four-weeks-tight follow-on entry point. The iPhone giant has already advanced past a 179.04 entry point in a seven-week double bottom.

That double bottom is second stage, suggesting that the stock still has ample room to run. Leading stocks that hop out of fourth- or fifth-stage bases often have more trouble generating profits for investors.

Apple is also a member of IBD Leaderboard. The IBD service currently shows four stocks, including Veeva, near a proper buy zone.

Among China ADRs, YY Inc. ( YY) rallied for a fifth straight session as shares lifted 2.5% and made an intraday high of 125.84, the highest level since March. The music-oriented social media network is forming a new cup-style base. The cup's left-side lip is 142.97, and YY is now 16% below that peak.

YY has sported excellent earnings growth (up 30% to 97% on an adjusted basis) over the past six quarters. Sales have jumped 34%, 22%, 29%, 29%, 49% and 56% vs. year-ago levels in the same time frame.

The SMR Rating in IBD Stock Checkup for YY is a perfect A. YY's Composite Rating is also a best-possible 99 on a scale of 1 to 99.

On the downside, Wynn Resorts ( WYNN) tanked 5% to 182.83. Volume doubled the stock's 50-day average of 2.24 million shares. The stock is now nearly 6% below a 194.76 entry in a 14-week cup with handle. Wynn broke out and closed above the proper buy point on May 9, but volume grew just 15% above average.

The stock is coming close to triggering the golden rule of investing, which is to keep losses short in all new stock buys, even if the market is in a confirmed uptrend.

Hong Kong-based Galaxy Entertainment is not going to increase its stake in the operator of Las Vegas and Macau-based luxury casinos, according to a report by the website European Gaming.

The yield on the benchmark U.S. Treasury 10-year bond rose sharply for a second straight session after plunging for nearly two weeks. The yield, at 2.94%, still lies well below the May 17 peak of 3.11%.

(For the latest updates in stocks today by IBD, go to the Stock Market Today in the Market Trend section on Investors.com. Also, please follow David Saito-Chung on Twitter at @IBD_DChung for more commentary on breakouts, growth stocks, buy points and financial markets.)

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The post Veeva, YY Lift Stocks As Dow Jones Leads; Is It Time To Sell iQiyi Stock? appeared first on Investor's Business Daily.


93. Stocks Higher As Apple Unveils Upgrades, But Why Are Leaders Underperforming?Пн., 04 июня[−]

Stocks remained higher Monday afternoon as Apple ( AAPL) hit a new high while it announced product updates, but a number of leading stocks struggled.

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The Dow Jones industrial average led with a 0.6% increase, with retailers Walmart ( WMT) and Home Depot ( HD) among the leaders.

The S&P 500 added 0.4% and the Nasdaq composite 0.6%. But small caps lagged noticeably. The Russell 2000, which had been leading the market, was flat.

Market volume was lower compared with the same time Friday. Advancers led decliners by an 8-5 ratio on the NYSE and by 9-to-7 on the Nasdaq.

Apple climbed 1% to a record high and has cleared the 190.47 buy point of a four-weeks-tight pattern. Such patterns are opportunities to add shares. Apple introduced an upgrade of the operating system for mobile devices, upgrades to its Siri voice command system, augmented-reality capabilities for the new iOS 12 operating system, and other improvements. FaceTime will be able to handle multiple callers simultaneously.

The news helped technology stocks climb Monday.

But retail was the strongest sector. Department stores, home furnishings, specialty chains, apparel stores and other retail groups dominated Monday's top-performing industries.

Kohl's ( KSS) cleared a 13-week pattern, although the stock had already topped the 67.10 buy point of a double-bottom formation. In the furnishings group, Williams-Sonoma ( WSM) broke out of an awkward base with a 56.48 buy point in heavy trading. Williams-Sonoma beat profit views last week. At Home Group ( HOME) rose from support at the 50-day moving average.

Internet, payment processing and leisure products also led. Airlines performed well, even as a trade group warned that higher fuel costs will hurt profits. Southwest Airlines warned on revenue.

But leading stocks were mixed, and the Innovator IBD 50 ETF ( FFTY) was down 0.2% as several stocks fell sharply and overshadowed gains among other components.

Trade Desk ( TTD) fell nearly 6% in heavy volume after Wells Fargo downgraded the stock to market perform from outperform, reports said. TAL Education ( TAL) fell below its 41.85 buy point. The breakout on May 10 was risky because TAL's base was late stage.

Diamondback Energy ( VNOM) tumbled 6%, adding to Friday's slide, after Stifel Nicolaus downgraded the stock to hold from buy and reduced the price target to 32 from 33.

Interactive Brokers ( IBKR) fell further below its 50-day line in huge volume. Shares fell more than 8% from the 74.21 buy point of the most recent base, triggering a sell signal.

Palo Alto Networks ( PANW), part of IBD's Sector Leaders, reversed lower after the company announced quarterly results and a new CEO.

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The post Stocks Higher As Apple Unveils Upgrades, But Why Are Leaders Underperforming? appeared first on Investor's Business Daily.


94. Walmart, Merck Lead Blue-Chip Rally; Retailer At Home Gets SupportПн., 04 июня[−]

Blue-chip stocks outperformed Monday in another up session on Wall Street. Walmart ( WMT) and Merck ( MRK) were strong performers in the Dow Jones. Top gainers in the Nasdaq 100 included China names Baidu ( BIDU) and JD.com ( JD).

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Walmart picked up more than 2%. It's selling 80% of its Brazilian operations to private equity firm Advent International. As a result of the deal, Walmart is taking a $4.5 billion noncash charge.

Merck, meanwhile, added 2%. At the ASCO conference in Chicago over the weekend, the drugmaker announced more good news for its blockbuster cancer drug Keytruda.

In afternoon trading, the Dow Jones industrial average led the way, rising 0.7%.

Nasdaq Nears All-Time High

The Nasdaq composite added 0.6%. It came to with 36 points of its all-time intraday high of 7637 set on March 13. The index on Friday punched through the 7500 level, a significant technical accomplishment even though volume fell from Thursday's level.

The S&P 500 added 0.4%, while the Russell 200 was flat to slightly higher. Volume on the NYSE was tracking about 10% lower than Friday's level. Nasdaq volume was on pace to be close to Friday.

Th Dow still has the 25000 level to conquer. The next test for the S&P 500, meanwhile, is the 2800 level.

Blue-Chip Stocks Rise

Elsewhere in the Dow, Microsoft ( MSFT) added 0.8% after it agreed to acquire GitHub, a platform for software developers, for around $7.5 billion.

Shares of Leaderboard name Apple ( AAPL) were up 1.4% as its Worldwide Developers Conference got underway.

In earnings news, top growth stock Palo Alto Networks ( PANW) rose 2.6% early but reversed lower. Shares were down 2% after the company reported earnings. It also tapped a former Softbank and Google executive as its new CEO.

Retailer Gets Support Ahead Of Earnings

Retailer At Home ( HOME), featured in the latest Earnings Preview column made a good case for support at the 50-day moving average, rising 4%. Results are due Thursday after the close.

On the downside, Nektar Therapeutics ( NKTR) plunged 41%. At the ASCO conference, the company released ambiguous data for a drug to treat melanoma and kidney cancer. The drug, NKTR-214 is being used with Bristol Myers Squibb's ( BMY) Opdivo

Facebook ( FB), meanwhile, was under pressure early but recovered off lows on a New York Times report that the company has had data-sharing partnerships with smartphone and tablet makers, including Amazon.com ( AMZN), Apple and Microsoft, among others.

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The post Walmart, Merck Lead Blue-Chip Rally; Retailer At Home Gets Support appeared first on Investor's Business Daily.


95. Blue Chips Lead Stock Market As Apple Breaks OutПн., 04 июня[−]

Blue chips led the stock market late Monday morning. In the Dow Jones industrial average, heavy weightings Apple ( AAPL), Boeing ( BA) and Goldman Sachs ( GS) notched moderate to strong gains.

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Apple showed strong price-and-volume action. The stock cleared a 190.47 buy point in a four-weeks-tight pattern. Apple gapped up 1.98 to 192.22. Volume initially was 65% above average but faded to average.

The Dow rose 0.8%, while the S&P 500 and the Nasdaq added 0.3% and 0.4% respectively. The small cap S&P 600 advanced 0.5%.

Apple's most recent base, which was formed in November and December, was stage two. The low in the base was undercut in February, resetting the base count.

As a stock advances, it pauses to consolidate. The first two breakouts are more likely to work than later-stage breakouts. When a stock undercuts the low in a previous consolidation, the base count is reset to one. That means that Apple could act like an early stage stock.

In Apple-related news, Forbes contributor Gordon Kelly reported that Apple's budget iPhone X will feature "radical" changes.

Meanwhile, Boeing said in a news release Monday that it would team up with France-based Safran to design, build and service auxiliary power units. The deal is expected to close in the second half of this year. Boeing's stock climbed 1.5% in volume 12% above average.

Goldman Sachs popped 1.2% in the first hour of trade but then retreated to a 0.6% gain. Financial Times reported that Goldman is competing for an investment contract with Lloyds Banking Group. The contract is "one of the largest ever put up for tender in Europe," according to the Times.

Retail, Airlines Up

Among IBD's 197 industry groups, medical and energy stocks sank the most. Retail and airline stock groups did best.

Amid a sharp drop in crude oil futures, Ryanair ( RYAAY) rose 0.7%, climbing further above its 50-day moving average. The stock has been battling around the line recently. The stock is only 6% below its recent high.

In the retail space, upscale kitchen-furnishings chain Williams-Sonoma ( WSM) popped 4% to top a 56.48 buy point. The stock gained 2.14 to 56.76.

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The post Blue Chips Lead Stock Market As Apple Breaks Out appeared first on Investor's Business Daily.


96. Dow Gains Nearly 200 Points; This FANG Stock Falls On ReportПн., 04 июня[−]

The Dow Jones industrial average led the stock market's advance early Monday. Social media giant Facebook ( FB) fell about 1% on a New York Times report of data-sharing agreements. (For updates on this story and other market coverage, visit stock news today)

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The Dow Jones industrial average rose 0.7%, while the S&P 500 and tech-heavy Nasdaq followed up with gains of 0.3% and 0.2%, respectively.

Among the Dow stocks, Merck ( MRK) paced the gainers with an over-2% advance in morning trade. The company reported positive results for its Keytruda drug in a melanoma trial. The stock is staging a strong rebound strongly from its 50-day line after a recent test.

Among companies reporting earnings, Palo Alto Networks ( PANW) reversed lower to fall about 3% in morning trade Monday. The cybersecurity firm reported better-than-expected fiscal-Q3 earnings and appointed a new chairman and chief executive. Shares remain well extended from a 156.95 cup-base buy point and are holding above the 50-day moving average line.

After the close, top software stock Coupa Software ( COUP) and leading HSA provider HealthEquity ( HQY) will release their earnings results.

Analysts expect IPO Leader Coupa to lose 11 cents per share on revenue of $51.2 million. Shares are barely extended above a 50.79 flat-base entry, according to MarketSmith chart analysis. The stock moved up about 1%. The stock's relative strength line is approaching a fresh high.

HealthEquity is expected to report EPS of 22 cents on revenue of $69 million. Shares are modestly extended above a 68.85 flat-base buy point. Shares fell 0.7% early Monday.

Among the FANG stocks, Facebook declined over 1% after the New York Times reported the company made agreements with at least 60 device makers to provide them access to users' personal information. Shares are in the 5% buy range from a 188.42 buy point that tops out at 197.84.

Inside The IBD 50

Among the top growth stocks, Chinese stock YY ( YY) moved up over 3%, as it works its way up the right side of a potential base formation. Shares remain about 15% off their 52-week high despite a five-day win streak.

On the downside, Viper Energy Partners ( VNOM) faltered about 6% for a second straight day Monday. Shares are below the key 50-day line. Analyst Stifel Nicolaus downgraded the energy stock from buy to hold.

Meanwhile, Micron Technology ( MU) fell about 3%. Shares are down three of the last four days since a breakout above a cup-shaped 63.52 entry. The stock triggered the 7%-8% loss-cutting sell rule.

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The post Dow Gains Nearly 200 Points; This FANG Stock Falls On Report appeared first on Investor's Business Daily.


97. Merck Leads Dow As Stocks Move Higher: These 2 China Names AdvanceПн., 04 июня[−]

Dow stocks led Monday's early action, as earnings news and medical data releases factored into opening trade.

The Dow Jones industrial average climbed 0.7%, while the S&P 500 and Nasdaq Composite futures each opened up 0.4%.

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Merck ( MRK) and Loxo Oncology ( LOXO) were among the big early movers. IQiyi ( IQ) and Baozun ( BZUN) stepped off early gains among China-based stocks. Palo Alto Networks ( PANW) and Dell Technologies ( DVMT) advanced after reporting quarterly results.

Asian stock markets booked some strong gains Monday. In Japan, Tokyo's Nikkei 225 popped 1.4% as it felt some uplift from Friday's U.S. payrolls report while a dip in the yen boosted export stocks. The Hong Kong Hang Seng Index muscled up 1.7%, also riding positive sentiment in U.S. markets. It also climbed despite the weekend's stalemated U.S./China trade negotiations.

Among China-based stocks trading in the U.S., iQiyi jumped 8% in early action. The Netflix-like video streaming service, spun off from Baidu in March, surged more than 12% on Friday. The gain left shares extended above a pair IPO bases, and 58% above its March 29 IPO price.

IBD 50 stock Baozun added 1.8% in opening trade. A five-week advance left the e-commerce technologies provider extended. That was up 18% from a 52.43 buy point after clearing a third-stage cup base in May.

Baidu led the Nasdaq 100 with a 2.5% gain. IBD Leaderboard name Alibaba Group Holdings ( BABA) nothced a 1.3% gain. Alibaba remains in buy range above a double-bottom base buy point at 201.60.

Merck Leads Dow Stocks; Loxo Soars, Palo Alto, Dell Report

Merck powered up 1.8% to lead the Dow. The company on Sunday released data showing its immuno-oncology drug Keytruda helps patients with advanced lung cancer live longer than with chemotherapy.

Loxo Oncology bolted 8.7% higher in Monday's premarket trade. The Stamford, Conn.-based drug-maker reported Saturday its experimental cancer drug LOXO-292 shrunk tumors in nearly 80% of patients with a specific genetic mutation.

Merck and Loxo are among the many companies presenting trial data at the American Society of Clinical Oncology annual meeting in Chicago.

IBD 50 stock Palo Alto jumped 1.1% in early action. The security software leader reported above-forecast fiscal third-quarter earnings and revenue. Palo Alto had pre-announced revenue and bookings results late Friday. it also said that former SoftBank ( SFTBY) president Nikesh Arora will replace Mark McLaughlin as chairman, effective June 6. McLaughlin will move to the vice-chairman role.

Dell Technologies swung up 1.6% as investors dug into its first-quarter report. The stock is sitting atop a five-week advance, below a 92.50 buy point in a cup base and up about 89% from its September 2016 IPO.

FANG Stocks Rise, Alphabet RS Line In Focus

Apple ( AAPL), Amazon.com ( AMZN) and Microsoft ( MSFT) all gained at Monday's open, after scoring new closing highs on Friday. Apple led the group with a 1% gain.

Google parent Alphabet ( GOOGL) rose 0.9%. The stock posted strong-volume gains Thursday and Friday, ending below an 1178.26 buy point in a six-month double-bottom base. The Relative Strength line is likely to be a key indicator here, hovering just below new highs last week. You would like to see it move to new highs ahead of a stock's breakout.

Economic News: April Factory Orders

The economic calendar gets a slow roll up on Monday. April factory orders data are due from the Commerce Department at 10 a.m. ET. Services purchasing managers indexes are set for release on Tuesday, and first-quarter cost and productivity numbers are on tap Wednesday.

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The post Merck Leads Dow As Stocks Move Higher: These 2 China Names Advance appeared first on Investor's Business Daily.


98. Dow Jones Futures Lead Gains: These 6 Stocks Are In Focus TodayПн., 04 июня[−]

Dow Jones futures rose modestly Monday morning, along with S&P 500 futures and Nasdaq futures. Apple ( AAPL) today begins its Worldwide Developers Conference. Palo Alto Neworks ( PANW), HealthEquity ( HQY), and Coupa Software ( COUP) report quarterly earnings. Meanwhile, Merck ( MRK) and Loxo Oncology ( LOXO) reported positive cancer drug data over the weekend at the annual ASCO meeting.

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The Nasdaq composite ended last week at multi-month highs, clearing a recent sideways trend. The Dow Jones and S&P 500, which tested their 50-day lines last week, remain in their range.

Apple, which is the world's most valuable company, is the top component of the Dow Jones, S&P 500 index and Nasdaq composite. Apple is slightly extended from a recent breakout, as is Coupa Software. Palo Alto Networks, HealthEquity and Loxo Oncology are well extended. All five have relative strength lines, which tracks a stock's performance vs. the S&P 500 index, at or near record high. Merck is trying to bounce back from a two-year low.

Dow Jones Futures Today

Dow Jones futures advanced 0.5% vs. fair value. S&P 500 futures rose 0.3%. Nasdaq 100 futures were 0.3% above fair value.

Trump Trade War Winds Blow

Commerce Secretary Wilbur Ross concluded two days of trade talks in Beijing on Sunday with little progress. China warned the U.S. that it won't buy more U.S. goods, as it had tentatively agreed to do last month, until President Donald Trump commits to not imposing new tariffs on Chinese goods. The Trump administration surprised Chinese officials by continuing to move forward on plans to slap tariffs on $50 billion in Chinese products, mostly tech and telecom gear. China has warned it'll retaliate dollar for dollar.

Last week the Trump administration imposed steel and aluminum tariffs on the European Union, Canada and Mexico, which quickly announced retaliatory duties on U.S. goods.

Apple WWDC

Apple should unveil augmented reality software as well as new operating systems for mobile and Macs. Some analysts think Apple could tout a low-end phone or a cheaper HomePod smart speaker.

Apple rose to 190.14 on Friday, back just beyond the 5% chase zone from a 179.04 buy point. Apple stock also has formed a three-weeks-tight pattern. If the stock moves to 190.47, existing holders could choose to add more shares.

Apple stock hasn't fared that well during WWDC weeks. During Apple WWDC 2015, shares fell 1.15%. Apple stock fell 3.5% in WWDC 2016 and 4.2% in WWDC 2017.

But shares rose 0.7% to 191.55 before the open in Monday's stock market trading, suggesting a possible buying opportunity from the three-weeks-tight.

Palo Alto Networks

Late Friday, the cybersecurity company reported fiscal third-quarter revenue rose 31% to $567.1 million, with billings climbing 33% to $721 million. Analysts had expected revenue of $545.7 million.

Palo Alto Networks also named Nikesh Arora as its new CEO and chairman, effective June 6. He succeeds Mark McLaughlin, who will be vice chairman. Arora was president at SoftBank, but previous was chief business officer at Google ( GOOGL) when search giant enjoyed explosive growth.

Palo Alto Networks stock rose 1.7% early Monday. Shares are well extended from a breakout earlier this year.

The company now will release third-quarter results before the stock market opens Monday. It had previously planned to report after the close.

Analysts expect earnings per share to rise 57% to 96 cents, though the better-than-expected revenue suggests that Palo Alto will top EPS views. The company has topped views by at least 6 cents in each of the last four quarters.

HealthEquity

The nation's second-largest health savings account custodian announces Q1 earnings late Monday. Analysts expect a 25% revenue rise to $69 million with EPS up 16% to 22 cents.

HealthEquity stock is modestly extended from a base-on-base formation cleared in early May.

Coupa Software

Coupa's cloud-based software helps businesses control their spending. Analysts expect the per-share loss to widen to 11 cents vs. 9 cents a year earlier. Revenue should climb 24% to $51 million.

Shares closed Friday at 54.07, slightly extended from a 50.79 buy point. Coupa stock is in a mini-consolidation for about three weeks. The stock climbed 1.7% early Monday.

Merck, Loxo Oncology At ASCO

Dow Jones drug giant Merck and biotech Loxo Oncology are among the many companies presenting trial data at the American Society of Clinical Oncology annual meeting in Chicago.

Merck released data showing its immuno-oncology drug Keytruda helps patients with advanced lung cancer live longer than with chemotherapy. Keytruda has stood out vs. Bristol-Myers Squibb ( BMY) drug Opdivo as well as other rivals' treatments. On Monday, Merck reported Keytruda did well in a melanoma trial.

Loxo Oncology said its experimental cancer drug shrank tumors in 77% of patients with a specific genetic mutation.

Merck shares have rebounded from a two-year low in early April, but are still well off 52-week highs. Loxo Oncology is well extended from a breakout earlier this year.

Merck stock rose 1.8% in the premarket while Loxo shot up 12.5%.

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The post Dow Jones Futures Lead Gains: These 6 Stocks Are In Focus Today appeared first on Investor's Business Daily.


99. Stocks Close Higher As Wall Street Cheers Jobs Report; Nasdaq Clears Key LevelПт., 01 июня[−]

Stocks closed solidly higher Friday, after a good employment report set the tone for broad gains on Wall Street.

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The Nasdaq composite led with a 1.5% gain thanks to outperforming software, semiconductor and internet stocks. Some retail and energy groups also stood out with gains of 2% or more. The Nasdaq and Nasdaq 100 cleared nearly three-week consolidations.

The S&P 500 climbed 1.1%. The Dow Jones industrial average added 0.9%, with technology components Intel ( INTC) and Microsoft ( MSFT) hitting new highs. Small caps kept up, as the Russell 2000 rose 0.9%.

Friday's gains solidified a weekly increase for the Nasdaq composite of 1.5%. The S&P 500 edged up for the week, but the Dow was down.

Volume Friday rose on the NYSE and fell on the Nasdaq, according to early data. Advancers led decliners by 12-to-5 on the NYSE and by more than 2-to-1 on the Nasdaq.

U.S. employers added 223,000 jobs in May while the unemployment rate fell to 3.8%. Economists expected 190,000 new jobs and 3.9% unemployment. Wage growth of 2.7% on an annual rate met views, easing worries of inflation higher and aggressive interest-rate hikes by the Fed.

Meanwhile, the U.S. and North Korea agreed to go ahead with a summit June 12 after a top North Korean official met with President Trump at the White House. Trump had canceled the meeting after angry remarks from both nations, which caused short-lived selling in U.S. markets. Stocks Friday had little reaction to the latest announcement.

VMware ( VMW) broke out of a lopsided cup with handle base. Shares closed in buy range of the 145.25 buy point. The company beat profit and revenue for the April-ended quarter.

The left portion of the base was unusually sharp, with a 34% drop over two weeks. That's a weakness for the chart, but shares have traded much more tightly in the past seven weeks.

IBD 50 Lags

The Innovator IBD 50 ( FFTY) ETF rose 0.7%, lagging the main indexes a bit. The top performing stock was Momo ( MOMO), which surged 8% and has reached a 20% profit goal from its 40.55 buy point. Momo soared 27% for the week after earnings beat expectations.

Viper Energy Partners ( VNOM) plunged to its 50-day moving average, where shares started to rebound. The stock closed with a 7% loss in heavy trading. It was the largest loss and price move for the stock since July 2016. There was no news on Viper Energy on the wires.

Lodging was one of Friday's best industry groups. Hyatt Hotels ( H) broke out of flat base, topping an 83.12 buy point in average volume. In a related field, RLJ Lodging Trust ( RLJ), a REIT that owns dozens of hotel properties, tried to break out past the 24.06 buy point of a cup base, but closed below the entry.

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100. Nasdaq Jumps 1.4%, Takes Out 7500 Level; Intuitive Surgical, VMware Break OutПт., 01 июня[−]

The Nasdaq composite outperformed in afternoon trading Friday, up 1.4%, while the Dow Jones and S&P 500 also held impressive gains. A solid May jobs report fueled positive sentiment.

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The session yielded several strong movers including Alibaba ( BABA). Shares rose 3% t0 204.25 as the China name moved with conviction over the 200 price level. It was still in buy range from a 201.60 entry. Veeva Systems ( VEEV), the newest member of Leaderboard, reclaimed a 78.38 entry. Shares rose 3.5% to 80.05.

Nasdaq Composite Clears Key Level

The Nasdaq composite showed noteworthy price action, rising above the 7500 level with conviction. Volume on the Nasdaq was tracking close to Thursday's levels in the stock market results today.

The Dow and Russell 2000 added 0.8% and the S&P 500 gained 1%. Volume on the NYSE was tracking higher than Thursday's level.

In economic news, the U.S. economy added 223,000 jobs in May as the jobless rate fell to 3.8%. Wage growth ticked up to a 2.7% annual rate, in line with expectations.

3 Breakout Stocks To Watch

Enterprise software name HubSpot ( HUBS) looked poised to extend its winning streak to 11 sessions. Shares were up 3% in late trading. This week, it cleared an early entry at 120.75 and is just above a conventional entry of 124.55.

Elsewhere, shares of Intuitive Surgical ( ISRG) popped nearly 4% to 477, good for a breakout from a flat base with a 473.89 entry. The stock was strong after the Food & Drug Administration cleared its da Vinci SP robot-assisted surgery device for expanded use.

VMware ( VMW) jumped nearly 7% to 146.75. It gapped over a 145.25 cup-with-handle buy point is still in buy range. A solid earnings report was the catalyst.

FANG Stocks On The Move

Among the FANG stocks, Google-parent Alphabet ( GOOGL) was the strongest gainer, up 3%. Alphabet is only 5% off its high after breaking out over a trend line Thursday.

Shares of Facebook ( FB) added 1% to 193.70 after clearing a 188.42 buy point Thursday. Volume Thursday was below average but well above levels of the previous many days.

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The post Nasdaq Jumps 1.4%, Takes Out 7500 Level; Intuitive Surgical, VMware Break Out appeared first on Investor's Business Daily.



 
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