Stock Market Today - Investor's Business Daily15:56 Текст источника в новой вкладке

 
 
1. Stocks Erase Losses As Nasdaq Again Bounces From This Key LevelПт., 17 авг.[−]

Stocks reversed higher as hopeful news on the trade war with China sparked late gains, while the retail sector led the market.

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The Nasdaq erased a 0.7% loss to close 0.1% higher but a tad off its session highs. The composite found support at the 50-day moving average for the second time in three days.

The S&P 500 climbed 0.3% and the Dow Jones industrial average 0.4%. On the Dow, Verizon ( VZ) made a new high as it cleared a 29-week base with a 54.87 buy point.

The Nasdaq lagged due to weakness in semiconductor, solar and some software groups. Shares of chip companies Applied Materials ( AMAT) and Nvidia ( NVDA) fell Friday after earnings reports, which hurt the sector. Nvidia slid 5% but is still forming a base, while Applied Materials touched a one-year low.

Indexes were lackluster until the Wall Street Journal reported that U.S. and China negotiators hope to resolve their trade dispute by November. The news followed reports a day earlier that Chinese and U.S. officials will restart talks on tariffs.

It was another good day for retail, which accounted for three of the top four industry groups Friday: Department stores, auto dealers and office supply stores. Nordstrom's ( JWN) strong earnings late Thursday seemed to spread through the sector. Nordstrom shares soared 13% to a 20-month high.

While no top-rung stocks broke out, there was an unusual surge of breakouts among real estate investment trusts.

Life Storage ( LSI), Senior Housing Properties Trust ( SNH), Industrial Logistics Properties Trust ( ILPT), EastGroup Properties ( EGP), American Assets Trust ( AAT) and Government Properties Income Trust ( GOV) cleared buy points. But all traded at lower levels than normal.

Friday's worst industry group was automakers, after Tesla ( TSLA) shares slid on a news report that raised questions about the emotional well-being of CEO Elon Musk.

The stock plunged 9% and an Aug. 7 breakout on the company's earnings has failed. Shares fell previously on news that the SEC is investigating whether Musk tweeted about a plan to take the company private as a way to hurt short sellers.

The movies industry group was one of the worst. Amazon.com ( AMZN) is considering acquiring Landmark Theaters. The deal would put Amazon, which already provides streaming and original video content, in the brick-and-mortar theater arena. Amazon shares fell modestly.

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2. Tesla Stock, Nvidia Hit Hard But Nasdaq Holds Up; Caterpillar Leads DowПт., 17 авг.[−]

Weakness in Tesla stock weighed on the Nasdaq for a portion of Friday's session, but the index recovered in afternoon trading after falling nearly 0.7% intraday.

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The Dow served up plenty of outperformers, including Caterpillar ( CAT), Apple ( AAPL), Cisco Systems ( CSCO) and Pfizer ( PFE). Apple is a member of Leaderboard.

With about one hour left to go in Friday's session, the Dow Jones industrial average led the way, up 0.5%; the S&P 500 picked up 0.4% and the Nasdaq composite added 0.2%. The Russell 2000 small-cap index gained 0.4%. Volume on the Nasdaq and NYSE was tracking slightly lower than Thursday's levels at the same time of day.

Tesla Stock Falls Hard

In stock market results today, Tesla ( TSLA) slumped 8%. Not that long ago, uncertainty in Tesla stock was mostly focused on Model 3 production. Now, it's hitting Tesla stock on several fronts. A New York Times story published Thursday painted a troubling picture of CEO Elon Musk, who acknowledged that an "excruciating" year has taken a personal toll. The New York Times also reported that Tesla board members are also concerned about Musk's use of Ambien, a powerful sedative used to treat acute insomnia.

IBD Sector Leader Nvidia ( NVDA) also had a rough go of it after reporting earnings late Thursday. Shares fell nearly 5%. Earnings and sales growth was solid again, but sales of crypto-mining chips are dropping like a rock.

Nordstrom ( JWN) was a big earnings winner. The stock gapped up bullishly out of a consolidation, rising 12%. There was much to like about the department store operator's latest earnings report, including an earnings and sales beat and raised outlook.

American Eagle Outfitters ( AEO) and recent IPO BJ's Wholesale Club ( BJ) were top gainers in the MarketSmithGrowth 250, with gains of more than 2%.

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3. Retailer Breaks Out As This Dow Jones Stock Is A New Emerging WinnerПт., 17 авг.[−]

Key indexes turned mildly higher in an otherwise sedate session for stocks today. Megacap tech leader Apple continued to stretch into new high ground. Dow Jones stock Pfizer ( PFE), meanwhile, is emerging as one of the hottest performers within the large to megacap space in the second half of 2018.

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Pfizer, part of the ethical drugs industry group, bolted ahead for a third day in a row. Shares gained 1.6% to 42.09 to extend its gain past a 39.53 correct buy point in a six-month saucer base to 6.5%.

The Big Pharma leader has now gained 16% since July 1. The Dow Jones industrial average member has posted four quarters in a row of double-digit profit growth, and the Street expects this streak to continue with a forecast of 12% EPS growth in Q3.

At around 2:45 p.m. ET, the Dow Jones industrial average extended its gain to 0.5% as it also got help from Apple ( AAPL) and five other components rising 1 point or more. The S&P 500 rose 0.4%. The Nasdaq composite edged nearly 0.2% higher after it fell nearly 0.3%. Chip stocks still weighed with severe losses, though.

The Nasdaq composite, however, is seeing much more positive breadth than in early-afternoon trading. Winners on that exchange are now beating losers by a roughly 3-2 margin. On the NYSE, winners are leading losers by a more than 2-to-1 ratio.

The Russell 2000 rose 0.4%. The Innovator IBD 50 ( FFTY) ETF erased early small losses to rise 0.4% to 35.87, improving its year-to-date gain to 8%. The exchange-traded fund rallied 34% in 2017.

Volume is running slightly lower vs. the same time Thursday on both main exchanges, despite expiring weekly and monthly options.

Apple, hitting a new high of 217.68 in heavy turnover, has now risen more than 20% past a breakout at 179.04 in a seven-week double bottom. Investors who bought at that entry point could consider nailing down some gains, based on the sell rule of taking many profits at 20% to 25%.

Apple surpassed the proper buy point in that double-bottom base on May 4. Notice on the daily chart how on that breakout day, Apple saw volume expand 61% above its 50-day average. That's a telltale sign of heavy institutional demand, a key ingredient for true market leaders to outperform the general indexes.

The Cupertino, Calif., titan in smartphones, laptops and desktop computers, cellular-enabled wearables and digital services has now gained 83% since the stock broke out of a first-stage cup with handle with a 118.12 buy point back on Jan. 6, 2017.

Back then, the company began to show signs of warming earnings and sales. Earnings had fallen 18%, 23%, and 15% in the three quarters through the end of fiscal 2016. But since then, profits grew 2% (fiscal Q1, or the December quarter of calendar year 2016), 11% (Q2, March 2017), 18%, 24%, 16%, 30% and and adjusted 40%.

The Street sees earnings jumping 33% in the September-ending fiscal fourth quarter to $2.76 a share on revenue growth of 16% to $61.14 billion.

Still A Leading Sector

Big-cap medical and health care companies generally had a good week. The No. 2 industry group among the 197 tracked by IBD each day is currently the outpatient and home-care group. The

Other top medical groups within the top 40 include Medical-Products (No. 3), research equipment and services (No. 6), medical software (No. 8), and medical systems and equipment (No. 11).

One of the best ways to see the leaders in those industry groups is to use IBD Stock Checkup.

Type in the ticker of Intuitive Surgical ( ISRG), for instance, and you'll see that in its Stock Checkup, the robotic surgery systems leader holds a superb 98 Composite Rating within the Medical Systems/Equipment industry group and ranks within the top 5 for that rating. Amedisys ( AMED), with a 98 Composite, is a leader in the Medical-Outpatient/Home Care group.

Among small-cap firms, IntriCon ( IIN) rushed more than 7% higher to 62.75 in double the average trade. The company makes tiny components for a number of markets, including hearing aids. Shares have now advanced more than 160% since breaking out of a cup without handle at 24.10 on April 17.

The stock is nowhere near any correct entry point but may still be worth watching for future bases and pullbacks to the 50-day or 10-week moving averages.

IntriCon, highlighted in IBD's key stock list, "Stocks On The Move," grew earnings 267% and 150% vs. year-ago levels in the past two quarters. Revenue jumped 20% and 34%. In Q2, revenue of $30.2 million was likely the company's highest quarterly total in history.

A Department Store Chain Breaks Out

Nordstrom ( JWN), which tends to focus on more well-heeled customers, blasted out of a gigantic saucer with handle and a 54.71 correct buy point. Shares gapped up on a solid Q2 report and rose more than 12% to 58.77. Volume surged more than seven times its usual level of 2.27 million shares.

The handle on the nine-month base began forming after shares hit a multimonth high of 54.61, then pulled back lightly for three weeks.

The 5% buy zone from 54.71 goes up to 57.44.

The Seattle-based department store giant notched a 46% rise in profit to 95 cents a share. In the year-ago quarter, profit fell 3%. Sales picked up 7% to $4.07 billion, marking the eighth straight quarter of an expanding top line. After-tax margin expanded by 110 basis point to 4%.

In contrast, J.C. Penney, which plunged 27% to 1.76 on Thursday, lost 38 cents a share in its July-ended fiscal second quarter as sales fell 8% to $2.83 billion.

Chip Stocks Fall

On the downside, Applied Materials ( AMAT) gapped lower and slumped 7% to 44.08 in massive turnover. The largest maker of chipmaking gear by market value, Applied posted another terrific quarter of high double-digit earnings growth.

However, the company's revenue growth of 19% marked the smallest year-over-year increase in eight quarters. Applied also gave a disappointing outlook for the rest of the year.

Applied has been working on a new base for months. The former big winner in 2016 and 2017 gave a sell signal when it broke out of a double bottom at 58.83 on Feb. 26, made little price progress, then slid 8% below that proper buy point by the end of March.

Be sure to sell any stock that falls 7%-8% below your initial purchase price. This is the best way to control risk with growth stocks and ensures that you'll have enough capital to buy a better stock in stronger market conditions.

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4. Stocks Poised For Mixed Week; Apple Rises Fifth Day In RowПт., 17 авг.[−]

U.S. stock indexes were on track Friday for a split finish for the week with the Nasdaq down and the other indexes up. Meanwhile, Apple ( AAPL) was headed for its fifth gain in a row and a 4% pop for the week.

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Blue chips played the best defense Friday with the Dow Jones industrial average up 0.2%. The S&P 500 was up 0.1%, and the Nasdaq trimmed 0.2%.

The small cap Russell 2000 retreated 0.1%.

For the week, the Nasdaq intraday Friday was down 0.8%. But the Dow Jones industrial average and the S&P 500 were up 1.1% and 0.3% respectively.

Inside the 30-component Dow, Apple was the only stock on track to rise every day this week. Apple gripped a 1.3% gain Friday. The iPhone maker is doing well despite the trade issues surrounding China. In fiscal Q3 ended in June, Apple reported that 18% of its revenue came from China.

For the S&P 500, the day's biggest gainer was upscale department store Nordstrom ( JWN), up 11% in huge volume. The stock is extended from a 54.10 buy point. After Thursday's close, Nordstrom reported earnings growth of 46%. The Street had expected 29% growth.

Upscale Is Winning

Upscale retail has been strong in the Q2 earnings season, which is winding down. Among those companies that have already reported, Michael Kors ( KORS) beat the consensus on earnings by 38%; and Ralph Lauren ( RL) by 13%.

Other upscale retailers reporting quarterly results ended in July include Urban Outfitters ( URBN) on Tuesday; and Williams-Sonoma ( WSM) on Wednesday.

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

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5. Tech Stocks Weaken, As Top Stock Nvidia Stumbles On EarningsПт., 17 авг.[−]

The stock market showed weak action early Friday with the tech-heavy Nasdaq composite holding solid losses. Top growth stock Nvidia ( NVDA) faltered 4% in morning trade after weak sales guidance. Meanwhile, electric automaker Tesla ( TSLA) tumbled another 5%. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The tech-heavy Nasdaq composite bore the brunt of the early selling, falling 0.6%. The S&P 500 and Dow Jones industrial average followed up with losses of about 0.1% each.

Among companies reporting earnings, graphics-chip maker Nvidia fell just over 4%, as the stock fights for support at its 50-day line. Late Thursday, the company's sales guidance missed the Street's targets.

Deere ( DE) moved down over 1% after the farm machinery maker reported weaker-than-expected fiscal-Q3 results. The stock is nearing a multimonth low, as it trades below the 50- and 200-day moving average lines.

Former leading stock Applied Materials ( AMAT) fell nearly 9% on a weak outlook. Shares of the chip-gear maker are approaching a 12-month low, as they trade about 30% off their 52-week high, set back on March 12.

Tesla stock fell another 5% Friday, as it fell well below its 50-day support level. The stock broke out past a cup-shaped base's 373.83 entry when CEO Elon Musk tweeted saying he was considering taking the company private. Days later, the stock triggered the 7%-8% loss-cutting sell rule amid mounting concerns of the company's ability to go private.

Recent breakout Workday ( WDAY) was flat, trading just above a 137.53 cup-with-handle entry. The business software maker has a 94 out of a highest-possible 99 IBD Composite Rating.

Inside The IBD 50

Among the top growth stocks, Adobe Systems ( ADBE) faltered almost 1%, as it looks to extend a losing streak to three trading sessions. Shares are trading below their 50-day line, about 7% off their recent highs.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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6. Stocks Slip As Nvidia, Applied Materials Drag On Chips; Deere DivesПт., 17 авг.[−]

Stocks opened to tight losses Friday as chip stocks skidded lower and early earnings news stirred busy early trade. Retail was again in focus, as Nordstrom ( JWN) spiked following earnings results, and on the heels of Walmart's ( WMT) gap-up gain on Thursday. Walmart slipped early Thursday as analysts adjusted price targets and ratings following the company's Thursday morning report.

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Chip stocks veered lower, led by Nvidia ( NVDA) and Applied Materials ( AMAT), which fell hard following their reports. Farm equipment maker Deere ( DE) tumbled after releasing quarterly results. Tesla ( TSLA) shares slumped as news reports revealed another investigation into company operations.

The Dow Jones industrial average opened lower, than inched into narrow a gain. Boeing ( BA) led the declines. Apple ( APPL) posted the top advance. The S&P 500 traded flat. Nordstrom staked out the high side, and Applied Materials and and Nvidia posted the index's deepest declines.

The Nasdaq Composite fell 0.3%. Applied Materials, Nvidia and Tesla led the early losses.

Trump Presses For SEC Reporting Change

Friday's early markets downturn roughly coincided with news that President Trump had requested the Securities and Exchange Commission study the possibility of moving publicly traded companies from three-month, to six-month reporting periods. A tweet sent at 7:30 a.m. ET said, "In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the U.S. 'Stop quarterly reporting & go to a six month system,' said one. That would allow greater flexibility & save money. I have asked the SEC to study!"

The SEC is an independent agency with some degree of independence from the White House. SEC Chairman Jay Clayton, a Trump nominee, has said increasing the number of public companies and initial public offerings are among his top priorities, according to Bloomberg. Clayton has not floated reducing the number of times that companies must disclose their financial performance.

China, Chips Stocks Tumble

China stocks dug into early losses, worsening a tough week that left names including JD.com ( JD), YY ( YY), Huya ( HUYA) and iQiyi ( IQ) with double-digit declines. Tal Education ( TAL) and Renesola ( SOL) fell more than 3% early Friday.

Chip stocks came to life at the open, as heavy early losses from Nvidia and Applied Materials spilled out into the general sector. Nvidia dropped 3% on weak guidance. Applied Materials traded down 8.5%, also on a disappointing outlook.

Applied Materials posted the largest loss on the Philadelphia Semiconductor Index, where 28 of 30 stocks posted declines in early trade.

Nordstrom Spikes; Walmart, Deere, Tesla Lose Ground

Nordstrom spiked 10% on positive second-quarter results. The move sent shares back above a 54.10 buy point in a five-month base pattern.

Deere trimmed its early loss to 1.8%, as fiscal third-quarter earnings didn't quite cut the mustard with analysts. Revenue rose a better-than-expected 36%, but fourth-quarter guidance for 26% revenue growth was below analyst forecasts. Deere shares are testing lows from early May, plowing through a six-month consolidation.

Walmart slipped 0.4% as investors waded through a raft of early analyst actions. Cowen, JPMorgan and Raymond James all raised the stock's price target. Raymond James, however, cut its rating to outperform, from strong buy. Walmart shares ended Thursday 21% off a May low, climbing the right side of a six-month consolidation.

Tesla shed nearly 6%, after news reports late Thursday said securities regulators last year launched an investigation into whether the company has misled investors regarding Model 3 production problems. A day earlier, the Wall Street Journal reported the Securities and Exchange Commission had issued a subpoena to Tesla regarding Chief Executive Elon Musk's bid to take the company private.

In addition, whistleblower Martin Tripp tweeted more details about allegedly damaged batteries and other parts that he said Tesla shipped out to customers. A Thursday New York Times interview with Musk may also have added to Tesla's negative early trade.

Zoe's Kitchen ( ZOES) came to life, stabbing 33% higher at the start of trade. The Plano, Texas-based restaurant chain announced it would be acquired by privately held Cava Group in a deal valued near $300 million. The stock remained 73% below its July 2015 high.

An Eye On Oil Prices

Oil prices jumped, with West Texas Intermediate up 1.3% to $66.28. Oil regained some ground Thursday, after finding support near its mid-June lows. But crude was still on track for a seventh weekly decline, its longest downtrend since January 2015 — on the downslope of the global oil glut. The declines have also pierced the lower trend line of the 13-month advance in crude prices begun in July 2017. Baker Hughes ( BHGE) provides its weekly rig count survey at 1 p.m.

Europe's Markets Downshift; China Has A Bad Week

China's markets ended mixed, with Hong Kong's Hang Seng Index up 0.4%, but ending the week with a 4.1% loss and closing at its lowest level in 12 months. The Shanghai Composite tanked 1.,3%, losing ground every day this week to end down 4.5% and at its lowest mark since March 2016.

Stocks in Europe dug into deeper losses in afternoon trade. Frankfurt's DAX fell 0.8%. The CAC-40 in Paris and London's FTSE 100 each notched 0.5% declines.

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7. Dow Jones Futures: Nvidia, Applied Materials Signal Bad News For Chip Stocks, Market RallyПт., 17 авг.[−]

Dow Jones futures fell slightly early Friday, along with S&P 500 futures and Nasdaq futures. Nvidia ( NVDA) and Applied Materials ( AMAT) guided low late Thursday. That's bad news for the chip sector, which already closed below long-term support. Nvidia stock and Applied Materials stock retreated late, along with modest losses from Micron Technology ( MU) and Lam Research ( LRCX). Meanwhile, upscale department-store Nordstrom ( JWN) gapped higher late on strong earnings, signaling a move back into buy zone for the volatile retail stock.

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Dow Jones Futures Today

Dow Jones futures fell nearly 0.1% vs. fair value. S&P 500 futures were down 0.15%. Nasdaq 100 futures lost 0.25%.

During Thursday's stock market trading, the Dow Jones led the way with a 1.6% gain, fueled by big earnings gains from Cisco Systems ( CSCO) and Walmart ( WMT), as well as planned U.S.-China trade talks this month. The S&P 500 index climbed 0.8%. The Nasdaq composite rose just 0.4% as FANG stocks Facebook ( FB), Netflix ( NFLX) and Google parent Alphabet ( GOOGL) retreated. Chip stocks also edged lower.

Nvidia Earnings Strong, Outlook Light

Nvidia earnings topped fiscal second-quarter views. So did the graphics chip maker's revenue. But Nvidia stock struggled after the company guided light on current Q3 sales. Blame a sharp drop in demand from cryptocurrency miners for Nvidia chips.

Shares fell 2.7% to 250.47 early Friday, off overnight lows but signaling a move below the 50-day line. Nvidia stock closed down 0.6% to 257.44, but has been working its way toward a 269.30 buy point from a late-stage cup base.

After-hours action doesn't always translate into regular-session trading. Nvidia stock could end up moving higher. But assuming shares fall, look to see if they can close above their 50-day moving average, which is just above the 252 level. At worst, Nvidia's 200-day line is around 233.

Applied Materials Earnings Top, Stock Flops

The chip equipment giant reported a 19% revenue gain, while Applied Materials earnings per share climbed 40%. But, like Nvidia, Applied Materials gave weak guidance for the current quarter. Applied Materials blamed weak customer spending, increasing concerns that the semiconductor market has topped.

Applied Materials stock tumbled 3.7% in Friday's premarket, after dipping 0.2% to 47.43 on Thursday. Shares have been trending lower for five months, and closed just below their 50-day moving average.

Applied Materials might have a bigger impact on the chip sector than the better-performing Nvidia, though. Applied Materials is exposed to the memory-chip market. So is fellow chip gear maker Lam Research. Lam Research stock fell 1.9% in the premarket. Memory-chip giant Micron stock lost 1.7% early Friday.

Why Chip Stocks Matter

The Philadelphia Semiconductor Index dipped 0.1% Thursday, closing just below its 200-day moving average. The Philly Sox has found support at the long-term support level a few times in the past few months, but it's a critical area.

The iShares PHLX Semiconductor ( SOXX), a related ETF, sank 0.8% early Friday.

Chip stocks typically lead or at least take part in stock market rallies. They account for a big share of the stock market, especially the tech sector. And chips are in just about every product. If chip stocks aren't performing well, that's a bad sign for the broader stock market.

Nordstrom Stock Gaps Higher

Nordstrom earnings, sales and guidance were all better than expected for the upscale department-store chain.

Nordstrom stock rose nearly 9% early Friday to 56.80. That signals a strong move back above a 54.10 entry. If shares gap above the 5% chase zone, investors could buy the breakaway gap using the opening price as the entry.

Nordstrom stock reclaimed a buy zone on Tuesday, along with Macy's ( M). But when Macy's stock plunged Wednesday on its earnings report, Nordstrom sank 5.5%. Nordstrom rebounded 0.8% during Thursday's session, even with downscale department-store J.C. Penney ( JCP) crashing 27% to a record low.

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8. Dow Jones Soars Nearly 400 Points, And Why Indexes Have Reason To Feel ReliefЧт., 16 авг.[−]

The Dow Jones industrial average shined Thursday, spearheading a rebound in the stock market that was big on breadth but short on participation from leading stocks.

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The Dow climbed 1.6%, adding 396 points to 25,558 and closing near session highs. In a single day, it practically eliminated a string of five declines in the previous six sessions. The Nasdaq composite climbed 0.4%, and closed at 7806 after easing from its session high at 7849.

The Dow and Nasdaq bounced after finding support at their 50-day moving averages. Indexes pulled back to that important level in Wednesday's sell-off, but institutional investors took that as an opportunity to buy on the dip. The Dow and Nasdaq, thus, are passing a key test that emerged. Watch for the indexes to continue rebounding.

The S&P 500 rose 0.8% and erased losses for the week. Small caps kept pace, as the Russell 2000 added 0.9%.

Preliminary numbers showed volume was lower on the major exchanges. But it was hard to beat Wednesday's trading, which was the highest on the Nasdaq since July 27. Breadth was bullish, with advancers over decliners by nearly 3-1 on the NYSE and by 7-3 on the Nasdaq.

Good News On China Row

Indexes gapped up at the open after China said late Wednesday that a top official would lead a delegation to the U.S. this month for trade talks. Talks on tariffs had stalled, and the upcoming meeting raises hopes for a resolution to the U.S.-China trade war. Chinese stocks were mainly higher.

The Dow owed its leadership mainly to three components. Walmart ( WMT) surged 9% to a six-month high after a strong earnings report. Boeing ( BA) rebounded 4% on an analyst's price-target hike. And Cisco Systems ( CSCO) gapped up 3% after earnings and revenue topped views and management gave a bullish forecast for the current quarter's revenue. Cisco stopped short of a 46.47 proper buy point, however.

Consumer and industrial stocks led. A mix of discount retail, metals, consumer products and steel alloys were among those rising more than 2%. Financials also performed well. SPDR Financial ETF ( XLF) rose 1.3%.

But it was a lackluster day for leading stocks. The Innovator IBD 50 Fund ( FFTY) rose only 0.1%, lagging the major indexes. Part of that could be blamed on Nanometrics ( NANO). The semiconductor inspection company plummeted 9% after D.A. Davidson cut the stock to neutral from buy.

Breakouts were largely unimpressive. Carbonite ( CARB) broke out of a double-bottom base, clearing a 39 buy point. But volume was about half its usual pace. Insurer Progressive ( PGR) cleared a cup base in below-average volume.

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9. Blue Chips Rip Higher Thanks To Walmart, Cisco Earnings; FANG Stocks LagЧт., 16 авг.[−]

News that China trade talks will restart later this month fueled a nice rally on Wall Street Thursday as blue chips outperformed. Strong earnings reports from Walmart ( WMT) and Cisco Systems ( CSCO) and a big price-target hike for Boeing ( BA) helped the Dow to a 1.7% gain in afternoon trading.

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The S&P 500 gained 0.9% and the Nasdaq composite picked up 0.5%. Volume on the NYSE and Nasdaq was tracking lower than Wednesday's levels after the S&P 500 and Nasdaq marked distribution days Wednesday.

FANG stocks generally watched Thursday's rally from the sidelines. Facebook ( FB) lost nearly 2%, while Netflix ( NFLX) and Google parent Alphabet ( GOOGL) were mostly flat. Amazon.com ( AMZN) edged higher.

Blue Chips On The Move

In stock market results today, shares of Walmart jumped nearly 10% after the company reported the strongest U.S. same-store sales growth in 10 years. E-commerce sales were also strong, and the company also gave bullish guidance.

Cisco Systems was another standout, rising 4%. Revenue growth accelerated for the third straight quarter as the company shifts from network switches and routers to software and services. Nineteen of Cisco's past 20 acquisitions have been software-related.

Shares of Boeing also outperformed in the Dow, rising nearly 5%, after UBS made positive comments and lifted its price target to 515. Boeing paid a visit to its 200-day moving average Wednesday but never breached the longer-term support level.

Inside the IBD 50, Veeva Systems ( VEEV) added 2.5% to 84.82 ahead of its Aug. 23 earnings report. It's just above the 84.34 double-bottom buy point. The pattern is shallow and also can be interpreted as flat base.

Among MarketSmith Growth 250 stocks, Pluralsight ( PS) jumped 6.5% to 31.13. It closed just above a 29.94 buy point Tuesday, but the stock was volatile Wednesday, reversing lower in higher volume. It's still in buy range from a 29.94 entry.

Roku ( ROKU), meanwhile, is holding gains nicely after its Aug. 9 gap-up in price. Shares gained 5% to 57.43. The streaming video firm is still losing money, but it posted an unexpected profit in its latest reported quarter.

Alarm.com ( ALRM), featured in Wednesday's IBD 50 Stocks To Watch column, jumped to a new high, rising 4% to 53.56. It still looks to be in the early stages of clearing a long, first-stage consolidation with a 49.59 entry. But the stock is extended from that buy point.

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10. Boeing, Walmart, Cisco Lift Dow Jones; Apple On Track To A $1.25 Trillion Market CapЧт., 16 авг.[−]

Walmart scored its best day on Wall Street in 2018 so far, ripping more than 9% higher on strong fiscal Q2 earnings and eye-popping same-store sales gains, as the Dow Jones industrial average paced a broad rebound on the stock market today. Apple stock gained 1.4% and struck new highs.

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Fellow Dow Jones industrials component Boeing ( BA), meanwhile, rallied more than 4% to 345.40 in heavy volume, one day after the aerospace industry leader briefly tickled its long-term 200-day moving average. UBS gave Boeing a price target hike to $515, up from $357.

Walmart is now crafting the right side of a new base. The retailing giant reported adjusted earnings of $1.29 a share, beating the Zacks Investment Research forecast by 8 cents a share. Same-store sales grew 4.5% in the U.S., the biggest jump in 10 years.

Based on William O'Neil + Co. calculations that exclude certain one-time items, Q2 earnings leapt 46% to $1.58 a share. That marked the biggest year-over-year jump in at least four years. Sales rose 4%, matching a 4% gain in each of the prior three quarters.

Walmart raised guidance for FY 2019 adjusted earnings to a range of $4.90-$5.05, excluding the inclusion of India's Flipkart. The guidance also excludes the sale of a majority stake in Walmart Brazil, tax reform adjustments, and unrealized losses in its investment in China e-commerce giant JD.com ( JD).

At around 2 p.m. ET, the Dow Jones industrial average held gains of more than 1.6%, triple the 0.5% gain by the Nasdaq composite. The Dow still trails the Nasdaq in year-to-date performance, up 3.5% for the former vs. up 13% for the latter.

Cisco Helps The Dow, Too

The S&P 500 rallied 0.8%. Cisco Systems ( CSCO) also gave the Dow and the Nasdaq a nice boost, gapping up 4% to 45.62 in volume running more than twice its 50-day average.

Cisco reported a third quarter in a row of mild double-digit EPS growth. Earnings in the July-ended fiscal fourth quarter rose 15% to 70 cents a share as revenue accelerated 6% to $12.84 billion. It was the biggest top-line gain since the first quarter of FY 2016.

The nice gain by the computer networking and telecom gear giant is not quite big enough to mark a breakout yet. Rather, Cisco is now quickly putting the finishing touches on the right side a potential flat base.

That flat base began with the tech giant's peak of 46.37 on May 10. Since then, shares have corrected just 11.7%. In a flat base, the maximum decline allowed is 15%.

The Innovator IBD 50 ( FFTY) ETF lagged, rising just 0.5% to 35.85.

Watch to see if the exchange-traded fund can hoist itself back above the 50-day moving average, a key measure of technical health. When the stock market is in a healthy uptrend, leading stocks and ETFs tend to rise ahead of this key medium term support level.

FFTY rose 34% in 2017.

Apple Stock

The market value for Apple ( AAPL), a force in smartphone, computing, smartspeaker, and wearable devices as well as digital services, is now exceeding $1.02 trillion. Apple is extended from the latest buy point of 184.30, or 10 cents above a six-week flat base. That base is the upper half of a base on base, a bullish product of supply and demand among institutional traders.

Apple continues to rise amid positive revisions to its earnings estimates.

The Street sees Apple's earnings rising 28% to $11.75 a share in the current fiscal year that ends in September. Analysts also forecast earnings as rising to $13.56 a share in FY 2019.

Please read this earlier Stock Market Today column on the case for a potential $1.25 trillion market cap for Apple, the biggest company on the Nasdaq by market value.

The company holds a 7.2% weighting within the Nasdaq composite. See the biggest weightings by the biggest stocks within the Nasdaq via the General Market Indicators page.

Apple joined IBD Leaderboard as a select growth stock breaking out of a good base on Aug. 1.

According to IBD Stock Checkup, the Earnings Per Share Rating remains respectable at 89 on a scale of 1 to 99.

The Composite Rating for Apple is a maximum 99.

IBD 50 Stocks

In the IBD 50, Nanometrics ( NANO) dropped more than 9% to 40.97 and tripped below two key buy points following a valuation downgrade by D.A. Davidson.

The maker of inspection gear for semiconductor manufacturers on Monday broke out past a cup base with a 44.27 buy point. But on a weekly chart, the stock had formed a narrow handle that offered a lower entry at 43.10.

At the intraday low of 40.14, the stock briefly triggered the golden rule of investing by falling a little bit more than 9% below the higher entry.

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

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11. Stocks Pop As China, Turkey Say They Are 'Ready To Talk' To U.S.Чт., 16 авг.[−]

U.S. stock indexes on Thursday rubbed out parts of the previous session's losses, but volume was down. In the meantime, China and Turkey said separately that they were ready to talk about trade issues with the Trump administration. (For updates on this story and other market coverage, visit the Stock Market Today.)

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Blue chips were mostly up, with the Dow Jones industrial average gaining 1.4% — popping out all of Wednesday's 0.5% dent. The S&P 500 rose 0.9%, enough to take back Wednesday's 0.8% loss. The Nasdaq added 0.9% after losing 1.2% in the previous session.

Volume dropped on both major exchanges.

Turkey's Foreign Minister Mevlut Cavusoglu said Turkey was "ready to talk about everything" with the U.S. Meanwhile, China said it accepted a U.S. invitation to resume trade talks later this month in Washington.

Turkey accounts for less than 1.4% of the world's GDP while China's share is 19.7%, according to the World Bank. The U.S. accounts for 31.2% of world GDP.

The stock market appeared to like the conciliatory tone. In the 30-component Dow, a handful of stocks rose 1% or more. Gainers included Apple ( AAPL), up 1.5%; American Express ( AXP), 1.2%; Caterpillar ( CAT), 2.4%; Boeing ( BA), 3.5%; Cisco Systems ( CSCO), 4%; and Walmart ( WMT), 9.5%.

Walmart's earnings rocketed 46% vs. the consensus view for a 13% gain. Same-store sales grew 4.5%. The Street had expected 2.4%.

Other companies reporting quarterly results included Chinese online marketplace 58.com ( WUBA), which gapped up 11% and beat views by about 20%; Madison Square Garden ( MSG), which added 0.4% after topping the consensus estimate by almost 4%; and J.C. Penney ( JCP), which slid 23% after missing views on earnings by 660%.

Pattern Recognition

IBD's pattern-recognition technology identified several breakouts Thursday. Cisco gapped up above a 44.91 buy point in a double-bottom base. The double bottom is shaped like the letter W with the middle peak serving as the buy point.

Dollar General ( DG) opened above a 105.92 buy point but then retreated back under the entry. The retailer will report Q2 results Aug. 30 before the open.

First Interstate BancSystem ( FIBK) cleared a 45.05 buy point in volume about 34% above average. The stock of the Montana-based bank is thinly traded, turning about 175,000 shares daily. The small-cap bank is expected to grow earnings 27% this year, which would be the best in five years.

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The post Stocks Pop As China, Turkey Say They Are 'Ready To Talk' To U.S. appeared first on Investor's Business Daily.


12. Stocks Advance On Planned Trade Talks; Nvidia Earnings On DeckЧт., 16 авг.[−]

The stock market rallied early Thursday — led by the Dow Jones industrial average — as it looked to recover a portion of Wednesday's heavy losses on news that the United States and China will resume trade talks later this month. Meanwhile, Dow stocks Cisco Systems ( CSCO) and Walmart ( WMT) soared on their earnings results, while top stock Nvidia ( NVDA) will report after the market close. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The Dow paced the major indexes with a 1.2% advance. The S&P 500 and tech-heavy Nasdaq composite followed up with gains of about 0.7% apiece.

Among companies reporting earnings, Cisco Systems moved closer to a flat base's 46.47 buy point Thursday with a 3% gain. The computer networking giant announced strong fiscal-Q4 results late Wednesday.

Walmart soared 9% after the company reported that U.S. same-stores sales rose 4.5%, the strongest in 10 years. Walmart stock neared the 100 price level, which it has been trading under since Feb. 20. Shares are shaping the right side of a new base formation.

Chinese e-commerce giant JD.com ( JD) reversed higher, up 0.4%, on weaker-than-expected Q2 results early Thursday. Shares are about 35% off their 52-week high, set back on Jan. 29.

NetApp ( NTAP) fell over 3% in morning trade on an outlook that fell short of targets. Shares are testing their 50-day line.

IBD 50 stock Nvidia will report after the market close. Nvidia stock dipped about 1% and is about 4% from a flat base's 269.30 entry. The formation also has elements of a cup-shaped base, but the buy point is the same. Analysts expect the graphics-chip maker to earn $1.66 per share on revenue of $3.1 billion.

Former leading stock Applied Materials ( AMAT) will also report late Thursday. The chip-gear maker is expected to earn 1.17 per share on revenue of $4.425 billion. The stock is below its 200-day line, about 25% off its 52-week high.

Inside The IBD 50

Among the top growth stocks, Nanometrics ( NANO) fell more than 7% below a 44.27 cup-shaped entry, triggering the 7%-8% loss-cutting rule, amid the stock's over 8% decline. Analyst firm D.A. Davidson downgraded the stock from buy to neutral. Shares broke out on Monday.

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The post Stocks Advance On Planned Trade Talks; Nvidia Earnings On Deck appeared first on Investor's Business Daily.


13. Stocks Spike On Trade War Break: Walmart, Cisco Dominate The DowЧт., 16 авг.[−]

Stocks seized powerful early gains Thursday, as progress in the U.S.-China trade war unleashed an optimistic response to early earnings news.

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Walmart ( WMT) and Cisco Systems ( CSCO) scored big earnings wins. Smart home play Control4 ( CTRL) neared a buy point after its earnings beat. Top stocks NetApp ( NTAP) and JD.com ( JD) suffered relatively minor losses following their quarterly reports.

The Dow Jones industrial average opened 1.1% higher, as Walmart and Cisco Systems pounded out broad early advances. The Nasdaq Composite and S&P 500 each sprinted 0.7% higher at the starting bell. (For updates on this story and other market coverage, visit the Stock Market Today.)

China and the U.S. appeared set for a grudging step forward in their trade war standoff. The U.S. Treasury Department invited a delegation from China's Ministry of Commerce to Washington. A specific data was not named, although National Economic Council Director Larry Kudlow said talks were scheduled for later this month, according to CNBC. The two countries have not held direct talks since May.

Walmart, Cisco Lead Dow; Control4 Eyes Buy Point

Walmart opened with a 9.9% jump to lead the Dow and S&P 500. The juggernaut retailer reported a 14% jump in second-quarter earnings, and a 4% revenue gain, both above analyst estimates. Walmart same-store sales surged 4.5% — more than double analyst expectations, and the largest jump in a decade. Walmart shares ended Wednesday 11% off a May low. The stock was set to test resistance at its 10-week moving average, within a six-month consolidation.

Cisco Systems topped the Nasdaq 100, powering up 3.6% after its fiscal fourth-quarter results easily cleared analyst forecasts. Cisco Systems also hoisted its first-quarter revenue outlook higher more than expected. The heavyweight network gear maker finished Wednesday a bit less than 5% below a 46.47 buy point in a cup base. The base also offers an alternate buy point at 44.91 for more aggressive investors.

Also on the Dow, tariff-sensitive Boeing ( BA) opened 3.2% higher. The aerospace giant is fighting to avoid a third consecutive weekly decline, after finding some support on Wednesday at its 40-week moving average.

Control4 rose 1%, as a 39% jump in earnings per share and a 13% revenue gain bested analyst forecasts. The developer of software to integrate smart home and Internet of Things environments is below a 33.57 buy point in a long, deep cup-with-handle base.

On the downside, NetApp dipped less than 1% in early trade after reporting mixed second-quarter results late Wednesday. China-based JD.com fell 1.8%, as both its revenue and earnings fell short of projections for its second quarter.

Dow, Nasdaq Poised For 50-Day Bounce

The Dow and the Nasdaq both dropped on Wednesday to test their 50-day moving averages. Both indexes pared their intraday losses, finding some support at that level. The Nasdaq has bounced off its rising 50-day line twice in the past eight weeks. The Dow's 50-day currently sits squarely at the 25,000 level — a number the Dow has been fighting to put in its rear-view mirror since the start of the year.

The S&P 500 outperformed its peers on Wednesday. It pared losses more aggressively than either the Dow or the Nasdaq. In addition, its pullback stopped short of its 50-day line and just above the 2800 level. Chipotle Mexican Grill ( CMG), Kimberly Clark ( KMB), Boston Scientific ( BSX) and Progressive ( PGR) did the heavy lifting in hauling the S&P 500 off Wednesday's midday lows.

An Eye On Oil Prices

Oil prices edged higher, after coming down hard and factoring prominently in Wednesday's market declines. West Texas Intermediate rose 0.2% to $65.11 early Thursday. WTI had settled 3% lower on Wednesday at $65.01. That left the benchmark down nearly 4% for the week, 14% off its July 3 high and set to retest its lows marked off in mid-June. Oil-related stocks posted six of Wednesday's 10 worst losses on the S&P 500 list. Chevron ( CVX) took the hardest hit among the Dow industrials.

Housing Starts Slip; Philly Fed Index Dives

Housing starts undercut expectations in July, the Commerce Department reported. July's annualized pace of 1.168 million starts was down from 1.173 million new projects launched in June, and far below consensus forecasts for a jump to 1.271 million during the busy summer season.

Home building permits, which gauge future activity, rose to 1.311 million, on an annualized basis. That was up from June's pace of 1.273 million permits issued, and above economist forecasts for 1.307 million permits.

First-time unemployment claims eased even lower, to 212,000, in the week ended Aug. 11. according to the Labor Department. Economist consensus had projected an increase to 215,000.

The Philadelphia Federal Reserve's Manufacturing Outlook Survey slumped to a reading of 11.9 in August. Down from July's 25.7, and well below expectations for a dip to 22.5, the tally was the gauge's lowest in 21 months. New orders fell off, hiring slowed and the average workweek declined. However, business remained optimistic in their six-month outlook, the report said, and most forward looking indicators increased.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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14. Stock Market Today: Track Market Trends And The Best Stocks To WatchЧт., 16 авг.[−]

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 Erase Losses As Nasdaq Again Bounces From This Key LevelStocks reversed higher as hopeful news on the trade war with China sparked late gains, while the retail sector led the market. The Nasdaq erased a 0.7% loss to close 0.1% higher... Read More
Tesla Stock, Nvidia Hit Hard But Nasdaq Holds Up; Caterpillar Leads DowWeakness in Tesla stock weighed on the Nasdaq for a portion of Friday's session, but the index recovered in afternoon trading after falling nearly 0.7% intraday. The Dow served up plenty of... Read More
Retailer Breaks Out As This Dow Jones Stock Is A New Emerging WinnerKey indexes turned mildly higher in an otherwise sedate session for stocks today. Megacap tech leader Apple continued to stretch into new high ground. Dow Jones stock Pfizer, meanwhile, is emerging as... 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.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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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.


15. U.S. Stock Market NewsЧт., 16 авг.[−]

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 Erase Losses As Nasdaq Again Bounces From This Key LevelStocks reversed higher as hopeful news on the trade war with China sparked late gains, while the retail sector led the market. The Nasdaq erased a 0.7% loss to close 0.1% higher... Read More
View Prior USA Stock Market News

IBD Stock Lists Update

Two Transportation-Related Stocks Arrive At IBD Stock ListsIBD 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.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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


16. Dow Jones Futures Jump As U.S.-China Trade Talks To Restart; Cisco Soars To Buy ZoneЧт., 16 авг.[−]

Dow Jones futures jumped Thursday morning, along with S&P 500 futures and Nasdaq futures, as China said late Wednesday that it would send a trade delegation to the U.S. Cisco Systems ( CSCO) soared to a buy point after hours on strong earnings and guidance. Walmart ( WMT), another Dow Jones stock, spiked on its earnings report. NetApp ( NTAP) plunged after its quarterly results. Tesla stock was active as a whistleblower tweeted out details about allegedly damaged Tesla vehicles. Finally, Nvidia ( NVDA) and Applied Materials ( AMAT) earnings are on tap Thursday night as the key chip sector fights to hold long-term support.

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Dow Jones Futures Today

Dow Jones futures rose nearly 1% vs. fair value. S&P 500 futures were 0.6% higher. Nasdaq 100 futures climbed 0.7%. China's yuan also rebounded.

China said late Wednesday that Vice Minister of Commerce Wang Shouwen will lead a delegation to the U.S. in late August for trade talks. The Commerce Ministry said China was accepting a U.S. invitation. That raises hopes for a breakthrough in the U.S.-China trade war, or at least avoiding a further escalation.

Early Thursday, Walmart earnings easily beat on a 40% e-commerce sales gain and the discounter's best U.S. same-store sales growth in 10 years. Walmart stock soared 10%.

Before the U.S.-China trade talks announcement, stock market futures had been barely higher.

During Wednesday's stock market trading, the Nasdaq composite fell 1.2%, the S&P 500 index dropped 0.8% and the Dow Jones shed 0.5% amid concerns about Turkey, China and a strong dollar. But the major stock market indexes closed off session lows, with the Dow Jones and Nasdaq composite rebounding from their 50-day moving averages.

Cisco Earnings

Cisco earnings rose 15% to 70 cents a share, a penny above fiscal fourth-quarter views and the biggest EPS increase in years. Revenue grew 6%, the best gain in 14 quarters. The networking gear and security software giant also guided higher for the current first quarter.

Cisco has been transitioning from stagnant router and switch hardware sales to security and other software. It's made several notable acquisitions along the way to help with that shift.

Cisco stock shot up 6.5% to 46.72 early Thursday, signaling a move just above a 46.47 buy point. Keep in mind that overnight trading often doesn't translate into how a stock will open, or close, in the next regular session.

Cisco stock fell 0.3% to 43.86 in Wednesday's session, but that was much better than the Dow Jones and other major averages. Shares rebounded bullishly from their 50-day line intraday.

Cisco is a Dow Jones component as well as part of the S&P 500 index and Nasdaq composite.

NetApp Earnings

NetApp earnings leapt 68% to $1.04 a share, beating by 24 cents. The data storage giant's fiscal Q1 revenue rose 11% to $1.474 billion. NetApp stock initially rose modestly after hours, signaling a move above its July 16 peak of 83.14. But shares reversed and traded down 4.5%.

Tesla Stock

Late Wednesday, Tesla whistleblower Martin Tripp tweeted out more details about allegedly damaged batteries and other parts that he said Tesla shipped out to customers. Tripp is in a high-profile legal fight with Tesla, who claims he stole and falsified information

Also Wednesday's close, the Wall Street Journal and Bloomberg reported, citing sources, that the Securities and Exchange Commission had issued a subpoena to Tesla regarding Elon Musk's bid to take the company private. Fox Business reporter Charlie Gasparino had made a similar report during the trading session.

Tesla stock rose 1.1% early Thursday. On Wednesday, shares fell 2.6% to 338.69, well below the Aug. 7 intraday high of 387.46 following Musk's initial tweets. Still, Tesla stock did rebound from its 50-day line.

Nvidia, Applied Materials Earnings Key

Nvidia stock is near a buy point, so the graphics chip maker's late-Thursday earnings report will get close attention. Shares of chip equipment giant Applied Materials have been in a slump for the past five months, dropping back below their sliding 50-day line once again on Wednesday.

But Nvidia earnings and Applied Materials earnings and guidance will be key for the ailing chip sector. The Philadelphia Sox Index fell 1.4% on Wednesday, closing just above its 200-day moving average. The Philly Sox has rebounded from the long-term support level a few times in recent months, but the sector has been lagging for much of 2018.

Chip stocks typically lead or at least take part in stock market rallies. They account for a big share of the stock market, especially the tech sector. And chips are in just about everything. If chip stocks aren't performing well, that's a bad sign for the broader stock market.

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The post Dow Jones Futures Jump As U.S.-China Trade Talks To Restart; Cisco Soars To Buy Zone appeared first on Investor's Business Daily.


17. Stock Indexes Close Sharply Lower As Market Faces This Critical TestСр., 15 авг.[−]

Stock indexes pared losses Wednesday after the day's broad losses left the market looking to a key indicator for signs on its future direction.

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The S&P 500 slid 0.8% on the stock market today. The Nasdaq composite fell 1.2% for its largest loss since July 30. The Dow Jones industrial average lost 0.5%.

Nasdaq and S&P 500 lows coincided with the 50-day moving averages. Indexes often bounce from that price-trend indicator, as the Nasdaq did in late June and late July.

The bounce in the final hour of Wednesday's trading suggested another rebound is possible, a potentially good sign. But if the Nasdaq and Dow sink below the moving averages, it would be reason to be more cautious. Thus, the test of support is the most important signal for the market's immediate future.

Small caps did not escape selling, as the Russell 2000 slid 1.2% at the closing bell.

Volume rose sharply from Tuesday's levels, leaving little doubt that institutional investors participated heavily in the market sell-off. Institutional selling had been restrained in the past several weeks, but now investors have to watch for a return of big-volume selling.

Energy, mining, retail and semiconductor sectors were Wednesday's weakest.

Macy's ( M) underscored the weakness in retail. Shares tumbled 16% Wednesday, just one day after enthusiasm ahead of this morning's earnings report sent the stock above a 41.04 buy point in big volume. But investors dumped shares despite Macy's positive report. The company beat profit views and raised guidance. The loss resulted in a sell signal for Macy's.

Investors sought shelter in yield-type investments. The SPDR Utilities ETF ( XLU) climbed 0.9%. The yield on the 10-year Treasury note fell 4 basis points to 2.85% in a rush for bonds. Real estate stocks — which include dividend-rich REITs — also climbed.

Other defensive groups stood tall, including tobacco and soap companies and food-related industries.

As for the rest of the market, there was gloom just about everywhere. Declining stocks led advancers by 7-2 on the Nasdaq and by 9-4 on the NYSE.

The IBD 50 fell 1.4% based on unconfirmed numbers. Yet only a few stocks suffered any serious damage. Palo Alto Networks ( PANW) closed below the 50-day line. Match Group ( MTCH) slid 3% and is below its 48.75 buy point. Orion Engineered Carbons ( OEC) closed below the 34.05 buy point of its Aug. 3 breakout.

A rout in Chinese stocks continued while other emerging markets tumbled. IShares MSCI Emerging Markets ETF ( EEM) fell nearly 3% to its lowest level in more than 13 months. IShares China Large-Cap ETF ( FXI) fell 3.5% and also hit a 13-month low.

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The post Stock Indexes Close Sharply Lower As Market Faces This Critical Test appeared first on Investor's Business Daily.


18. FANG Stocks Take Heat As Distribution Hits Nasdaq; Netflix Slumps 3.5%Ср., 15 авг.[−]

FANG stocks were down sharply in afternoon trading Wednesday, with shares of Netflix ( NFLX) down 3.5% and Google parent Alphabet ( GOOGL) lower by more than 2%.

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Big dividend stocks in the Dow Jones industrial average like Pfizer ( PFE), Procter & Gamble ( PG) and Merck ( MRK) were solidly higher, but the Dow was down 0.9% in afternoon trading. The Nasdaq composite and Russell 2000 fell 1.5% and the S&P 500 gave back 1%. Volume on both exchanges was on pace to be sharply higher than Tuesday's levels, which would give indexes a distribution day.

Some attributed Wednesday's weakness to continued uncertainty in Turkey, but weakness in China stocks probably had more to do with it amid a 2% loss for the Shanghai composite overnight and a 1.5% drop in the Hang Seng.

FANG Stocks Netflix, Alphabet Lag

Shares of Netflix are down 6% so far this week, hurt by an analyst downgrade Monday as well as news its CFO is stepping down. But it's been a modest pullback so far for Alphabet as it holds above the 50-day moving average. FANG stocks Amazon.com ( AMZN) and Facebook ( FB) were lower by around 2%.

In stock market results today, China stocks were taken to the woodshed for a second straight session after the Shanghai composite and Hang Seng sold off. An earnings miss early Wednesday from Tencent ( TCEHY) didn't help matters. Former China leaders like Baozun ( BZUN), ZTO Express ( ZTO), Huya ( HUYA) and Momo ( MOMO) showed losses ranging from 3% to 6%.

Chipotle Mexican Grill ( CMG) bucked the trend and scored a 52-week high, helped by positive comments from Morgan Stanley. Shares jumped 5% to 519. According to Benzinga, analyst John Glass upgraded shares to overweight and lifted his price target to 600 from 413, citing a compelling earnings recovery.

Workday ( WDAY) was nicely higher in early trade, up 3.7%, but the enterprise software stock reversed slightly lower. It's just below a 137.53 buy point. Workday is a member of Leaderboard.

PetIQ ( PETQ) blasted out of a first-stage consolidation, rising 15%. It's a heavily-shorted, small-cap stock with compelling fundamentals. The maker of pet medications as well as health and wellness products for dogs and cats reported a 39% increase in quarterly profit. Sales jumped 96% to $171.1 million.

Department Stores Weak

Macy's ( M) delivered a nice earnings beat, but Wall Street seemed to focus on a 1% decline in sales. The department store operator plunged below its 50-day moving average Wednesday after clearing a 41.04 buy point Tuesday ahead of earnings. Shares plunged 14% to 36. That triggered a sell signal from the new entry.

Competitor Nordstrom ( JWN) reports Thursday after the close. Nordstrom broke out of a lengthy consolidation Tuesday, but weakness in Macy's spread into other department store operators Wednesday. Shares of Nordstrom were down nearly 6%.

Nvidia ( NVDA) reversed lower ahead of its earnings report Thursday after the close. Shares rose 0.8% early, helped by positive comments from Wells Fargo.

U.S. crude oil futures ended 3% lower after a surprise jump in U.S. crude inventories. Oil settled at $65.01 a barrel. The 10-year Treasury yield fell 5 basis points to 2.85%.

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19. Dow Jones Cuts Some Losses As Oil Plunges; Why Apple Is Holding FirmСр., 15 авг.[−]

The major indexes stumbled on growing concerns over trade tariffs, and the Nasdaq composite easily surrendered all of the prior session's decent gain. Crude oil dropped more than 3% and reached a session low of $64.51 a barrel. Apple ( AAPL), meanwhile, continues to prove that it remains a true megacap market leader among stocks today.

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For now, the IBD outlook for the stock market remains in a confirmed uptrend.

At around 2:30 p.m. ET, the Nasdaq sank more than 1.5%, holding near session lows after being down as much as 1.7% in the early going. At its intraday low of 7732, the leading index for growth stocks briefly dipped below its rising 50-day moving average.

At 7752, the tech-heavy composite lies just 2.2% below an all-time peak of 7933 and remains up 12.2% since Jan. 1.

The S&P 500 and the Dow Jones industrial average both lost around 1% to 1.1%. The Russell 2000 slumped nearly 1.2%. The Innovator IBD 50 ( FFTY) ETF of top-performing growth stocks skidded 2.1% lower. At 35.50, the exchange-traded fund is up just 1.1% since July 1 and holds a 7% year-to-date gain.

Breadth is sharply negative across the market, with falling issues swamping risers by a nearly 4-1 ratio on the Nasdaq. On the NYSE, losers beat winners by a nearly 3-1 margin. Volume was running higher vs. the same time Tuesday on both exchanges.

Chevron ( CVX) extended its losses to drop 4% to 117.58, notching a four-month low. The integrated oil giant and at least nine other fellow components of the Dow Jones industrial average slipped 1 point or more. At 25,094, the Dow Jones industrial average now trades nearly 6% below its all-time peak of 26,616, set on Jan. 26.

Chevron, which had been constructing a cup with handle since late January, streaked below its 200-day moving average. That action indicates that the stock is not ready yet for a potential breakout.

Boeing ( BA), another Dow 30 component, fell 3% to 328.96 and is testing institutional buying support at its long-term 200-day line. The airplane and satellite maker now trades 12% below an all-time peak after a June 6 breakout from a three-month saucer with handle at 359.10 failed to bear fruit.

Department Store Chains Down Hard

The day's worst-performing industry group, department-store retailing, fell more than 8% on a 12% slide by Macy's ( M). The beleaguered store chain increased profit by 59% in the fiscal second quarter to 59 cents a share. In the year-ago quarter, profit fell 31%. But sales edged 1% lower to $5.57 billion.

Macy's arguably also broke out of a new flat base with a 41.43 correct buy point, but has now fallen more than 8% from that prime entry point. Such sudden weakness following a breakout triggers a key stop-loss sell signal.

Cutting your losses at 8% or less on every stock is known as the golden rule of investing.

Kohl's ( KSS) fell in sympathy, dropping more than 5% to 74.09 and snapping a nine-session streak of gains. The stock has been forming a new base and is trying to hold up above its key 50-day moving average.

See the daily changes of all 197 industry groups tracked by IBD by going to IBD's Data Tables, found within the Stock Lists section on the home page of Investors.com.

This Tech Stays Strong

Apple, meanwhile, lost barely 0.1% and is trading very close to its all-time highs. At 209.60, the iPhone, HomePod and digital services giant is rallying nicely after clearing a base-on-base pattern with a 194.30 buy point.

Apple, also a member of the Dow Jones industrials, has rallied more than 23% since Jan. 1 as it continues to post double-digit top- and bottom-line growth. FY 2018 profit is seen as rising 28%.

See the recent " Inside Big Cap 20" piece on how Apple is one of the few companies in that stock list that is on track to post annual earnings growth that is above its three- and five-year average rates.

The megacap tech continues to show strong or improved ratings for fundamentals and relative stock price strength.

For instance, Apple notches a top score of A for SMR Rating on a scale of A to E. It also ranks No. 1 in this category within the Telecom-Consumer Products industry group, according to IBD Stock Checkup. The SMR rating monitors sales growth, profit margins and return on equity.

Energy Stocks Rocked

In the energy sector, Diamondback Energy ( FANG) gapped down more than 11% and sliced through both the 50-day and 200-day moving averages on news that it's merging with fellow oil and gas explorer Energen ( EGN).

A more than 2.9% slide in West Texas Intermediate crude oil futures likely helped aggravate Diamondback's descent as well.

On the upside, Chipotle Mexican Grill ( CMG) surged more than 5% and moved further past a 474.56 buy point in a giant, deep cup with handle.

The burrito and taco fast-casual eatery chain continues to recover from a crisis of food poisonings that escalated in 2015 and 2016. Revenue has now grown for seven quarters in a row, and earnings in Q2 jumped 24% to $2.87 a share.

In other markets, investors crowded into long-dated U.S. Treasuries. The yield on the benchmark 10-year note fell 4 basis points to 2.85%, down from 3.00% at the start of August.

Please follow Saito-Chung on Twitter for more on growth stocks, top industry groups, buy points, sell signals, and financial markets.

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The post Dow Jones Cuts Some Losses As Oil Plunges; Why Apple Is Holding Firm appeared first on Investor's Business Daily.


20. Bears Rip U.S. Stocks On China And Turkey NewsСр., 15 авг.[−]

U.S. stock indexes took hard hits midday Wednesday as noise from China and Turkey swirled around the stock market. China's economy showed signs of cooling, and Turkey slapped tariffs on U.S. goods.

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The Nasdaq plunged 1.5%, while the S&P 500 and the Dow Jones industrial average lost 1% each. Volume was tracking higher than Tuesday's levels on both major exchanges.

In China, the Shanghai Composite skidded 2%, leaving it 24% off its late January high. July retail sales in China fell short of estimates, up 8.8% vs. views for 9.1%. Industrial production rose 6% in July, missing the consensus estimate for 6.3%. Fixed asset investment was the lowest in at least 22 years.

Meanwhile, Turkey raised tariffs on cars to 120% and on alcohol to 140%. The tariffs had been 35% on cars and 40% on alcohol. Tariffs on rice were cranked up from a previous 20% to a current 50%.

U.S. stocks shifted to a defensive posture Wednesday.

Among IBD's 197 industry groups, utilities, food and tobacco advanced. Oil and steel retreated.

Consolidated Edison ( ED) rose 1.8% in heavy volume as it retook its 200-day moving average. Southern Company ( SO) added 1% in fast turnover. The two utilities offer dividend yields of 3.6% and 5.1%, respectively.

Oil and gas explorer Continental Resources ( CLR) dived 5% in heavy volume. Blue chip integrated oil stock Chevron ( CVX) sank 3% in hefty trade.

In the 30-component Dow, construction equipment maker Caterpillar ( CAT) gapped down 4%. Drugmaker Pfizer ( PFE) popped 0.9%.

Breakouts Down To Two

Breakouts were scarce. IBD's pattern-recognition technology detected only two breakouts.

American Electric Power ( AEP) crept 1.8% higher, clearing a 71.99 buy point. Volume was average. Dicerna Pharmaceuticals ( DRNA) stabbed 10% higher but then retreated to a 0.4% gain. Dicerna cleared a 15.90 buy point but couldn't stay above the entry. The small cap company has lost money seven consecutive years.

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The post Bears Rip U.S. Stocks On China And Turkey News appeared first on Investor's Business Daily.


21. Dow Drops Over 200 Points; This Dow Stock Is Near Entry With EPS DueСр., 15 авг.[−]

The stock market slid lower early Wednesday as tensions heightened between Turkey and the United States. Meanwhile, Turkey is facing a mounting financial crisis. Top stock Nvidia ( NVDA) is still within striking distance of a potential breakout ahead of Thursday's earnings results, and Dow stock Cisco Systems ( CSCO) will report after the market close. (For updates on this story and other market coverage, visit the Stock Market Today.)

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All three major indexes were heavily lower in morning trade. The tech-heavy Nasdaq paced the indexes with a 1.3% decline. The S&P 500 and Dow Jones industrial average followed up with losses of about 1.1% each.

Among companies reporting earnings, Macy's ( M) slid 13% despite reporting strong Q2 results and lifting its full-year outlook. On Tuesday, the department store broke out above a 41.04 cup-with-handle entry. Shares triggered the 7%-8% loss-cutting sell signal from that entry.

Chinese internet leader Tencent ( TCEHY) declined 8% in morning trade. The company reported a rare drop in net profit. Shares of the ADR are about 34% off their record high.

After the market close, Cisco Systems ( CSCO) and NetApp ( NTAP) will report their quarterly results. Dow stock Cisco is expected to earn 69 cents per share on revenue of $12.77 billion. Shares are about 3% from a double bottom's 44.91 buy point.

Consensus estimates show NetApp's EPS rising to 69 cents with revenue of $1.42 billion. Shares are trading just off their 52-week high after a recent test of the 50-day line.

Energy stock Diamondback Energy ( FANG) fell 9% after it agreed to acquire Energen ( EGN) in an all-stock deal valued at $9.2 billion. Energen rose about 4%. Shares of Diamondback — which had been forming a flat base — slid below their 50-day line.

Chinese stock leaders Baozun ( BZUN), Momo ( MOMO) and ZTO Express ( ZTO) all fell 4% or more.

Meanwhile, Alibaba ( BABA) dropped almost 3% and is nearing a new multimonth low. In late July, the stock gave up its 50- and 200-day moving average lines. Shares sit more than 20% off their 52-week high.

Inside The IBD 50

Among the top growth stocks, graphics-chip maker Nvidia ( NVDA) reversed lower, falling 1%, as it trades just off a cup-shaped base's 269.30 entry. The company will report Q2 earnings after the market close Thursday.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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The post Dow Drops Over 200 Points; This Dow Stock Is Near Entry With EPS Due appeared first on Investor's Business Daily.


22. Stocks Slide As Turkey Imposes Tariffs; Chipotle Gets UpgradeСр., 15 авг.[−]

Stocks opened sharply lower Wednesday, despite some strong early economic data, as tariffs imposed on U.S. goods by Turkey triggered selling across global markets.

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Oil, copper and other commodities came under early selling pressure. So did China-based stocks, with Tencent Holdings ( TCEHY), Huya ( HUYA) and iQiyi ( IQ) heading the declines. Marijuana stock Canopy Growth ( CGC) spiked as Constellation Brands ( STZ) raised its stake in the company.

Macy's ( M) dived after its earnings results. Chipotle Mexican Grill ( CMG) jumped on an analyst upgrade. In the oil patch, Energen ( EGN) jumped on a buyout bid from Diamondback Energy ( FANG).

The Nasdaq Composite led the early declines, down 0.8% at the open as NetEase ( NTES) and JD.com ( JD) posted the widest losses among Nasdaq 100 stocks. The Dow and S&P 500 opened to 0.6% declines. Caterpillar ( CAT) dragged on the Dow. Macy's, Constellation and copper miner Freeport McMoRan ( FCX) fell hardest on the S&P 500 list.

Retail Sales, Q2 Productivity, Empire State Survey Jump

Retail sales surged 0.5% in July, the Commerce Department reported, vs. analyst forecasts for a 0.1% increase. Estimates for June sales were trimmed to 0.2%, from the original 0.5% tally. July sales minus autos and gas gained 0.6%. That was double June's showing and above economist projections for a 0.4% gain.

Non-farm productivity rose 2.9% in the second quarter , according to Labor Department estimates. That was a huge surge above the first quarter's 0.4% advance, and above the 2.5% analyst target. Inflation pressure eased somewhat, with unit labor costs decreasing 0.9% during the quarter. That was down from the first quarter's 2.5% rise, and bigger than the 0.2% pullback expected by economists.

The New York Federal Reserve's Empire State Manufacturing Survey jumped to 25.6 for August, up from July's reading of 22.6. New orders and shipments showed strong growth, while delivery times lengthened and inventories held steady. Price indexes pointed to ongoing cost increases. Companies indicated optimism, and were stepping up capital spending plans.

Oil, Copper Dive As Turkey Hoists Tariffs

Oil and metals futures sold off Wednesday, adding to the premarket undertow. Markets were wary of the deepening trade conflict between the U.S. and Turkey, and uncertain regarding demand from China. West Texas Intermediate crude oil dropped 1.1% to below $67 a barrel.

Copper fell 2.4% and platinum futures tumbled nearly 3%, while silver traded 2.2% lower. Copper prices are down almost 22% since early June, placing them in bear market status.

Turkey on Wednesday hoisted stiff tariffs against a schedule of U.S. products ranging from automobiles to coal. The move signaled both sides were digging in along another front in the White House's global trade war. Turkey's lira rebounded for a second day, aided by central bank support. The U.S. dollar climbed. Bonds also advanced, trimming the 10-year yield 3 basis points to 2.87%.

China's markets skewed lower, with the Shanghai Composite toppling 2.1% and Hong Kong's Hang Seng Index down 1.6%. In Japan, Tokyo's Nikkei 225 slipped a more moderate 0.7%, aided somewhat by declines in the yen.

Europe's markets deepened their early losses in afternoon trade. London's FTSE 100 was down 1.2%, the CAC-40 in Paris also showed a 1.2% loss and Frankfurt's DAX was off 1%.

Chipotle Climbs, Macy's Dives, Canopy Spikes

On the Dow, Caterpillar shed 1.6%, tracking a general pullback among mining-related stocks as metals prices remain in a slump. Caterpillar is down 23% since the first shots of the trade war were fired in January.

Cannabis manufacturer Canopy Growth swept 28% higher after beer and wine maker Constellation Brands added $4 billion to its stake in the company. Constellation shares dropped 6.5%. Canopy also reported its fiscal first quarter results late Tuesday.

Chipotle Mexican Grill climbed more than 4%. Morgan Stanley upgraded the stock to overweight, from equal weight. The note also raised the stock's price target to 600, from 413. The target was 22% above Tuesday's closing price. Chipotle shares have doubled since February, but have not paused to form a proper base.

Macy's sank more than 9% after its second-quarter results. A 23% earnings jump cleared analysts' targets. Management lifted full-year revenue and guidance, but a 1% revenue decline apparently topped views by too narrow a margin, spooking investors. Macy's stock broke out above a 41.04 buy point in a cup-with-handle base on Tuesday. Wednesday's action implies an open back below the buy point, but still above the stock's 10-week moving average.

Energen Surges On Diamondback Deal

Diamondback tumbled 9.8%, Energen spiked 4.3%, after Diamondback agreed late Tuesday agreed to pay $9.2 billion for the peer producer in the Permian Basin shale. Diamondback said the deal would produce $3 billion in annual cost savings, with $2 billion of that coming from reductions in general and administrative expenses. Diamondback's real estate unit Viper Energy Partners ( VNOM), an IBD 50 stock, rose 1.4%.

Among China-based stocks, Tencent Holding crumbled 8.8% after reporting a profit decline and revenue growth below consensus expectations. Regulations hemmed in the release during the quarter of online games, Tencent's largest source of revenue.

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The post Stocks Slide As Turkey Imposes Tariffs; Chipotle Gets Upgrade appeared first on Investor's Business Daily.


23. Dow Jones Futures Sell Off As China Stock Meltdown ContinuesСр., 15 авг.[−]

Dow Jones futures fell solidly Wednesday morning, along with S&P 500 futures and Nasdaq futures, as China stocks kept falling and the dollar kept rising. Baozun ( BZUN) and ZTO Express ( ZTO) dropped off the IBD 50 list of the very best stocks after Tuesday's close, the first time that's happened for months. That underscores how broadly based the sell-off in China stocks has been. That selling continued Wednesday as Internet giant Tencent ( TCEHY) missed profit views.

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Meanwhile, IBD 50 stock Nvidia ( NVDA) rose slightly ahead on an upgrade, nearing a buy point ahead of the chipmaker's earnings Thursday.

Dow Jones Futures Today

Dow Jones futures fell 0.6% vs. fair value. S&P 500 futures sank nearly 0.6%. Nasdaq 100 futures lost 0.75%. The dollar continued to rise globally, even as Turkey's lira rose modestly. China's yuan and stock kept sliding.

Macy's ( M) plunged despite beating earnings views and raising guidance. Macy's stock broke out to a buy zone Tuesday. Wednesday's early selling highlights the dangers of buying a stock just before earnings.

Diamondback Energy ( FANG) late Tuesday agreed to pay $9.2 billion for Energen ( EGN), another top-rated Permian Basin shale play. Diamondback Energy stock fell sharply, while Energen stock rallied. Diamondback Energy unit Viper Energy Partners ( VNOM), an IBD 50 stock, rose modestly.

Stock Market Rose Tuesday, But Not China Names

In Tuesday's stock market trading, the Nasdaq composite advanced 0.65%, the S&P 500 0.6% and the Dow Jones 0.45%, despite another brutal day for China names. Top-rated e-commerce software firm Baozun fell 5.8% following early-Tuesday earnings after tumbling 4.7% on Monday. Chinese internets YY ( YY), Huya ( HUYA) and Vipshop ( VIPS) suffered double-digit losses following late-Monday reports. Also slamming Chinese stocks were weak economic data for retail sales, investment and more. Shipping giant ZTO Express stock skid 8.2%.

Wednesday's Tencent miss triggered more selling in China names, including archrival Alibaba ( BABA), but also appeared to extend losses in Europe and U.S. futures.

Alibaba stock fell 3% early Wednesday. Tencent stock, which trades over the counter in the U.S., was not yet active, but fell 3% Tuesday as China cracked down on video games.

IBD 50 List: No China Stocks

Baozun and ZTO were the last China names to stay in the IBD 50 stock list. But it's very hard for a stock to prosper when its industry group or sector is struggling. Normally when discussing a sector, it's referring to a broader industry classification but it can hold for specific markets as well.

Nvidia Stock Creeps Higher

The graphics-chip maker continues to rally toward a buy point ahead of earnings late Thursday. Nvidia stock rose a fraction early Wednesday. Wells Fargo ( WFC) late Tuesday upgraded Nvidia stock and more than doubled its price target to 315 from 140.

During Tuesday's session, Nvidia shares rose 2.1% to 261.43 on the unveiling of the company's next-generation Turing chips. Nvidia is approaching a 269.30 flat-base entry. Keep in mind that it's a late-stage pattern, which makes it more risky.

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The post Dow Jones Futures Sell Off As China Stock Meltdown Continues appeared first on Investor's Business Daily.


24. Stocks Today: Small Caps Pace Solid Up Session; Walgreens Leads DowВт., 14 авг.[−]

U.S. stocks today ended solidly higher as the financial crisis in Turkey moved to the back burner, at least for a day. IShares MSCI Turkey ( TUR) jumped 11% after two days of sharp losses. Recent weakness in the Turkish lira has fueled contagion fears after President Trump doubled tariffs on Turkish metal exports last week.

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Also in stocks today, Walgreens Boots Alliance ( WBA) and McDonald's ( MCD) outperformed in the Dow, while Seagate Technology ( STX) and Nvidia ( NVDA) were nice gainers in the Nasdaq 100. Nvidia shares rose 2% to 261.36. It's working on a nice base with a 269.30 entry ahead of its earnings report Thursday after the close.

Small-cap stocks outperformed, with the Russell 2000 up 1%. The Nasdaq composite and S&P 500 added just over 0.6%, and the Dow Jones industrial average gained nearly 0.5%. Preliminary data showed volume on the NYSE and Nasdaq coming in close to Monday levels.

In stock market results today, China-based stocks Baozun ( BZUN), YY ( YY), Huya ( HUYA) and Vipshop ( VIPS) lagged badly on earnings.

Shares of Tencent ( TCEHY) were also weak after China banned the company's popular video game, "Monster Hunter: World," just days after it launched.

Leaderboard name Square ( SQ) scored a new high, helped by positive comment from Nomura.

Inside the IBD 50, Trade Desk ( TTD) hit another all-time high after soaring 37% Friday on strong earnings. After a breakout from a first-stage base in May, Trade Desk should be watched for an alternate entry because the stock could still be in the early stages of a move.

Planet Fitness ( PLNT) rebounded after falling nearly 6% Monday. Shares gapped up Friday and broke out of an ascending base with a 50.83 buy point.

The ascending base is a rare pattern and is usually seen when a stock is acting well in a sideways or declining market.

Inside the MarketSmith Growth 250, Pluralsight ( PS) closed just above a 29.94 proper buy point of a first-stage IPO base. Shares jumped 5% to 30.11. It's not profitable, but strong demand for the company's cloud-based technology learning platform is fueling big sales in recent quarters. Pluralsight went public in May at 15.

For updates on this story and other market coverage, visit the Stock Market Today page.

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25. Key Indexes Thrive Despite China Sell-Off; Google Stock Alphabet Creates A New Buy PointВт., 14 авг.[−]

Tech, retail, health care, building and select banking shares advanced and helped pave the way to a broad-based rally in stocks today, overcoming a significant sell-off among former highflying ADRs and ADSs from China. Google stock Alphabet, meanwhile, continues to act well and has fashioned a three-weeks-tight pattern.

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The Nasdaq composite, S&P 500 and Dow Jones industrial average all rose 0.5% to 0.7%. Within the 30-stock Dow industrials, at least six companies rallied 1 point or more, including Walgreens Boot Alliance ( WBA), UnitedHealth ( UNH) and Goldman Sachs ( GS).

McDonald's ( MCD) also joined the rally parade, rising more than 2% to 161.37 and retaking its key 50-day moving average.

Watch to see if the world's largest eatery chain can continue to move north and rebound back above the longer-term 200-day line. The stock is forming a new base, and so far it has the look of a saucer pattern.

Small caps did even better.

The Russell 2000 marched almost 1% higher. At 1691, the popular small-cap gauge holds a 10.1% gain since Jan. 1.

As many as 29 of IBD's 197 industry groups gained 1.5% or more.

Alphabet Stock And Its New Buy Point

Alphabet ( GOOGL) has formed a follow-on entry point of 1,291.54, 10 cents above the recently crafted three-weeks-tight pattern discovered by IBD founder William O'Neil.

For more details on this pattern, please check out this Investor's Corner story.

The internet advertising titan recently cleared a 1,201.59 buy point in a cup with handle. At one point, gains from that proper entry have reached more than 7%.

Shares in Alphabet have climbed more than 22%, spanking the returns by key U.S. indexes. One reason? Consistent fundamental growth.

Over the past six quarters, revenue has climbed 21% to 26% above year-ago levels. Strong revenue generally leads to strong profit growth, and Alphabet has not disappointed.

Google Stock Checkup

According to IBD Stock Checkup, the megacap member of IBD's internet content industry group scores a respectable 87 EPS Rating as other companies in the same group show higher year-over-year EPS increases, such as China's Weibo ( WB).

However, Alphabet is showing excellent relative price strength and thus gets a fantastic 97 Composite Rating on a scale of 1 to 99.

Weibo fell in sympathy to a dour corporate outlook from fellow social media firm YY ( YY), which crashed 15% and hit price levels not seen since September. Weibo dropped 1.6% and now sits 46% below its 52-week peak.

In other financial markets, U.S. crude oil futures lost early gains to fall 0.2%. At one point, futures hit $68.37 a barrel. Natural gas rallied to $2.96 per million BTU, up 8.8% since a July 18 near-term low.

The U.S. dollar strengthened to the $1.13 level vs. the euro.

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

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26. Small Caps Lead U.S. Stock Indexes; Turkey Fears FadeВт., 14 авг.[−]

U.S. stock indexes rose modestly Tuesday afternoon, but Japan's Nikkei 225 leapt 2.3% as fears surrounding Turkey faded.

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Among U.S. stocks, the small cap Russell 2000 advanced 1.1%, while the S&P 500 and the Nasdaq each added 0.6%. Blue chips were mostly up as the Dow Jones industrial average tacked on 0.5%.

The S&P 500 was poised to halt a four session losing streak, though some of the losses were razor thin in the streak.

Volume was essentially flat on both major exchanges.

Japan's Nikkei 225 fell 2% Monday but rebounded 2.3% Tuesday, ending a four session losing streak. Some Japanese companies have exposure to Turkey. The crash of the lira could affect the companies, according to The Japan Times.

Meanwhile, the U.S. appears to have relatively little to worry about on Turkey. The big U.S. banks, for example, have minimal exposure to Turkey. Goldman Sachs ( GS) reported its exposure as $2.53 billion. Bank of New York Mellon ( BK) pegs its stake at $0.634 billion.

By comparison, Spain's Banco Bilbao ( BBV) has $83 billion in total assets in Turkey.

The money center group rose 0.9% Tuesday as it found support at its 50-day line.

Meanwhile, earnings season stayed on a bullish track.

Handbag maker Tapestry ( TPR), formerly known as Coach, beat the consensus views on the top and bottom lines. The stock gapped up 13% in heavy volume. Tapestry is consolidating and could offer a buy point at 55.60. The stock is about 2% off a new high.

Large cap Tapestry's fundamentals are lackluster. Tapestry is expected to grow earnings 8% in fiscal 2019 ending in June. Going into Tuesday's session, the industry group was No. 32 among 197 groups.

Building materials retailer Home Depot ( HD) also topped estimates on earnings and revenue. Fiscal Q2 earnings ended in July grew 36%, about 7% above expectations. The stock slipped 0.1% in fast trade.

Retail chain Advanced Auto Parts ( AAP) topped the Street's estimates for the top and bottom line. Q2 earnings popped 25%, about 6% above the consensus view. The stock jumped 7% in heavy volume.

Two Companies Miss Views

Companies that missed views included China online discount retailer Vipshop Holdings ( VIPS), down 15% in huge volume; and Canada-based marijuana grower Canopy Growth ( CGC), off 6% in fast trade.

Canopy Growth is an initial public offering that debuted on the NYSE in May. The company lost money in fiscal 2016-18 and isn't expected to turn an annual profit until 2020. The fiscal year ends in March.

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The post Small Caps Lead U.S. Stock Indexes; Turkey Fears Fade appeared first on Investor's Business Daily.


27. Small-Cap Stocks Lead, But This Country's Shares Fall — And It's Not TurkeyВт., 14 авг.[−]

Small-cap stocks led the market higher at midday Tuesday, but a number of Chinese stocks came under assault.

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Indexes bounced back from a morning fade and were moderately higher. The small-cap Russell 2000 rallied 1.1%, re-establishing itself above the 50-day moving average.

The S&P 500 was up 0.7% and on pace to end a four-day losing skid. The Nasdaq added 0.7% also. The Dow Jones industrial average climbed 0.4%.

Home Depot ( HD) hurt the Dow as the home-improvement retailer fell 0.4%. Shares fell despite the fact that second-quarter earnings and sales topped views, and management raised full-year forecasts.

But the retail sector was strong overall, with auto parts, department stores, drugstores, consumer electronics and apparel chains in the top 15 of 197 industry groups. Other consumer groups also led, including alcoholic beverages and some food industries.

The energy sector got some relief. Exploration and production groups were up more than 1%. The price of U.S. crude oil rose more than 1% to $68.03 a barrel.

Health Insurance Innovations ( HIIQ) climbed to a new high in heavy volume. The stock is extended from a pullback to the 50-day moving average. Health Insurance Innovations was discussed Monday in IBD 50 Stocks To Watch.

Planet Fitness ( PLNT) rose 4% and climbed back above the 50.83 buy point of an ascending base. The stock broke out of that unusual pattern Friday after the gym chain reported earnings, but soon stumbled. There's been no sell signal, however.

Leading stocks were acting well, with the Innovator IBD 50 ETF ( FFTY) up 1.2%. The exchange traded fund is trying to climb back above its 50-day moving average, where it has met resistance for about a week.

But it was a bad day for Chinese stocks, with disappointing earnings and other news sparking sell-offs.

China's total retail sales grew 8.8% in July, MarketWatch reported, which came in lower than economist forecasts. MarketWatch quoted a Stifel analyst who said U.S. tariffs are having a larger impact on China's retail sector than previously expected. Turkey's financial crisis appears to be hitting some foreign stocks, too.

Baozun ( BZUN) reversed sharply lower, sinking deeper below its 50-day line. The provider of services for e-commerce reported a revenue increase of 31% in local currency and adjusted earnings of 14 cents per share, topping views of 13 cents.

Alibaba ( BABA) fell to an April 25 low and is near the 166 level where the stock bottomed that month. Shares of the internet company have fallen below the 50-day and 200-day moving averages.

New-issue Huya ( HUYA) plunged 14% after earnings matched views but the livestreaming company gave weak guidance on Q3 revenue.

YY Inc. ( YY), the parent company of Huya, gapped down to the lowest price since Sept. 7. YY beat profit estimates late Monday, but Q3 revenue guidance was light.

ZTO Express ( ZTO) skidded 8% and fell back below the 50-day moving average in heavy trading.

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The post Small-Cap Stocks Lead, But This Country's Shares Fall — And It's Not Turkey appeared first on Investor's Business Daily.


28. Stocks Trim Gains; This Top Stock Nears Entry On New Graphics ChipВт., 14 авг.[−]

The stock market was modestly higher early Tuesday after briefly turning mixed. Top stock Nvidia ( NVDA) advanced 2% after announcing a new graphics chip and is approaching a potential buy point ahead of Thursday's earnings results. Meanwhile, Dow stock Home Depot ( HD) reversed lower on its Q2 earnings beat. (For updates on this story and other market coverage, visit the Stock Market Today.)

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All three major indexes were modestly higher in morning trade. The S&P 500 and Dow Jones industrial average moved up about 0.1% each, while the tech-heavy Nasdaq lagged the major indexes. The Nasdaq briefly turned red before moving back above its break-even mark.

Among companies reporting earnings, Dow stock Home Depot reversed lower, falling 0.5%, and it failed to regain a cup with handle's 201.70 buy point. Early Tuesday, Home Depot reported better-than-expected Q2 results and raised its full-year forecasts. Shares are finding resistance at their 50-day line.

Former hot Chinese stock Huya ( HUYA) cratered 14% after meeting its Q2 estimates, but guiding low on Q3 revenue. The former highflier is about 40% off its high set on June 15.

Meanwhile, Chinese internet company YY ( YY) fell 14%, as it falls further off its highs set back in January. The company reported weak Q3 revenue guidance late Monday. After topping out at 142.97 on Jan. 26, shares are now more than 40% off that price, trading around 28 per share.

Advance Auto Parts ( AAP) blasted over 8% to new highs after its strong Q2 results. Shares are about 30% from a 120.20 double-bottom entry, according to MarketSmith chart analysis. Most profits should be taken at the 20%-25% profit-taking level. However, investors with high levels of conviction could decide to hold for a bigger gain.

SwingTrader idea Square ( SQ) moved up about 2% and is trading just off its record high price. Shares are well-extended from their 50-day line. Analyst Nomura raised its price target from 82 to 86.

Inside The IBD 50

Among the top growth stocks, Baozun ( BZUN) rose as much as 10% early Tuesday on its Q2 earnings results. But the stock's rally was short-lived and reversed lower. Shares dropped 5% and are about 23% off their recent highs.

Meanwhile, graphics chip maker Nvidia moved up nearly 1% after it announced its first products with new Turing graphics technology. Shares are 4% away from a 269.30 flat-base entry ahead of the company's Q2 earnings release on Thursday.

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The post Stocks Trim Gains; This Top Stock Nears Entry On New Graphics Chip appeared first on Investor's Business Daily.


29. Stocks Bounce As Advance Auto, Amazon Rise; Home Depot SlipsВт., 14 авг.[−]

Stocks opened higher Tuesday, despite some hard hits among China-based names, as the market looked to shake off two days of declines.

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Advance Auto Parts ( AAP) ran higher on quarterly results, while Home Depot ( HD) reversed into a decline. China stocks took steep early losses, led by Huya ( HUYA) and YY ( YY). Nanometrics ( NANO) led the IBD 50 list after scoring a breakout on Monday.

The Dow Jones industrial average popped 0.3% at the open, with DowDupont ( DWDP) jumping to an early lead. The S&P 500 and Nasdaq Composite each climbed 0.4% as Amazon.com ( AMZN) led the FAANG stocks and Nvidia ( NVDA) and O'Reilly Automotive ( ORLY) posted the top gains among Nasdaq 100 stocks. (For updates on this story and other market coverage, visit the Stock Market Today.)

Turkey: Lira's Dive Paused

Turkey's lira rebounded Tuesday, marking a pause in the currency's week-long plunge that has rattled global markets. The crisis, the results of economic and monetary policy missteps by Turkey's government and central bank, has worsened due to trade penalties from the U.S. The White House has stood firm that Turkey would see no relief from trade penalties until it releases U.S. clergyman Andrew Brunson. Brunson was detained during a series of mass arrests in 2016 in Turkey, following an attempted coup d'etat. The lira's decline has stirred fears that banks with large amounts of loans to Turkey — particularly European banks — could be affected by heavy defaults.

China: Economy Slows; European Stocks Weaken

China's markets dipped as economic news showed the trade war starting to bite into growth. Growth in fixed-asset investment for the year through July slowed to its lowest reading in two decades. Infrastructure spending slumped, and retail sales, factory output and credit activity were all below expectations. The Shanghai Composite dipped 0.2%, and Hong Kong's Hang Seng dropped 0.7%.

In Japan, the Nikkei 225 surged 2.3%, snapping a four-day losing streak. Europe's markets turned lower in afternoon trade. The DAX in Frankfurt and the CAC-40 in Paris each slipped less than 0.1%. London's FTSE 100 wrestled with a 0.2% loss.

Home Depot, Advance Auto Climb; Nanometrics Jumps

Dow Jones stock Home Depot dug into 1.3% loss after reporting a 36% jump in earnings and an 8% revenue advance in the second quarter. Both numbers topped analyst targets. Management raised its full-year revenue and earnings outlook. It left earnings just below, and revenue above, analyst views. Home Depot shares ended Monday 4% below a 201.70 buy point in a cup-with-handle base.

Advanced Auto paced the S&P 500, up 6% after reporting its first combined earnings and revenue increase in 13 quarters. Its 25% per-share earnings advance easily cleared estimates. Revenue also was above forecasts, up 3%. The company added $185 million to its existing share buyback program, raising the total to $600 million. The stock is up 41% from an April low, climbing the right side of a 20-month correction.

Amazon perked up 0.8%, easily leading the FAANG stock tech giants. The stock is scratching off new highs, working on its 17th gain in the past 19 weeks. Investors have begun to bet on how soon the company's market capitalization will clear the $1 trillion mark, which would require a 7% increase in stock price. Apple ( AAPL) became the first company to achieve $1 trillion status, topping that level on Aug. 2.

Tesla continued to make news, as the company announced its board of directors had formed a special committee to review prospects for taking the company private. Chief Executive Elon Musk has said he was considering options to take the company private at 420 a share, and the Saudi Arabia's sovereign wealth fund was one party helping to foster the process. Tesla shares traded a fraction lower early Tuesday. The stock is just below a 373.83 buy point in a seven-week cup base.

Nanometrics led the IBD 50 list, up more than 3% in premarket trade. Baozun ( BZUN), also an IBD 50 issue, bucked the morning's trend among Chian stocks and jumped more than 3%. Nanometrics broke out Monday above a 43.10 buy point in a cup-with-handle base. Baozun is consolidating below a June high.

Other stocks in early motion on earnings news included Tapestry ( TPR) and National Vision Holdings ( EYE).

China Stocks Under Pressure: Huya, YY

Among China-based stocks trading in the U.S., Huya fell furthest, down more than 12% after meeting second-quarter expectations, but providing weak third-quarter guidance late Monday. The volatile new issue ended Monday up more than 160% from its May IPO, and down 35% from its June high.

YY skidded 8% lower, also on weak guidance. The stock has been in a weakening consolidation since January.

Vipshop Holding ( VIPS) dropped nearly 10% after reporting both revenue and earnings below consensus forecasts. The online retailer reported a 6% rise in its number of active customers, to 29 million. Total orders increased 31%, but management issued third-quarter revenue guidance below analysts expectations. The stock ended Monday down 55% from a February high.

Canadian Solar ( CSIQ) — headquartered in Ontario, Canada, but with its operations in China — dropped nearly 3% in premarket trade. Its second-quarter earnings surged 273%, but revenue fell 6% — more than expected by analysts.

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The post Stocks Bounce As Advance Auto, Amazon Rise; Home Depot Slips appeared first on Investor's Business Daily.


30. Dow Jones Futures: Why This Stock Breakout Is Special; Tesla Rival Files For IPOВт., 14 авг.[−]

Dow Jones futures rose solidly early Tuesday morning, along with S&P 500 futures and Nasdaq futures, as Turkey's lira stabilized and Home Depot ( HD) reported strong earnings. The stock market indexes fell modestly on Monday. But IBD 50 stock Nanometrics ( NANO) blasted past a buy zone in powerful volume, standing out from most breakouts in recent weeks. Meanwhile, Nio, a Chinese rival to Tesla ( TSLA), filed for a U.S. IPO, even as Tesla CEO Elon Musk makes the case for going private.

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Dow Jones Futures Today

Dow Jones futures were up 0.4% vs. fair value. S&P 500 futures advanced 0.4%. Nasdaq 100 futures climbed 0.45%. Home Depot stock, a Dow Jones and S&P 500 component, rallied 2.5% in the premarket. Home Depot earnings, sales and guidance were all solid.

During Monday's stock market trading, the major averages faded into the close. The Nasdaq composite fell 0.25%, the S&P 500 index dropped 0.4% and the Dow Jones shed 0.5%. It was the third straight loss for the Nasdaq and the fourth for the S&P 500 and Dow.

Nanometrics Stock Breakout Unusual

The chip gear maker skyrocketed 8% to 45.17 in heavy volume, clearing a 43.10 cup-with-handle buy point. Nanometrics stock closed just within the 5% chase zone that runs up to 45.26. Nanometrics was up more than 2% early Tuesday, signaling a move beyond the chase zone at the open.

Notably, Nanometrics stock didn't break out on earnings, unlike most top stocks clearing buy points, from Apple ( AAPL) to Zoetis ( ZTS). It's good to see a stock set up in a base, shake out weak holders, then blast out on no news even as the Nasdaq and other major averages retreat.

SendGrid ( SEND) also broke out Monday several days after its latest earnings report, rising 1.8% to 32.42, just above a 32.12 entry. SendGrid stock closed in the bottom half of its range, which is not great. Shares also essentially ran up from the bottom of a consolidation, rising in nine of the past 10 sessions. That raises the risk of a pullback.

But SendGrid stock rose 1.3% before Tuesday's open.

SendGrid also looked much better compared with other would-be no-news breakouts Monday. Workday ( WDAY), Urban Outfitters ( URBN) and Veeva Systems ( VEEV) all nudged above buy points intraday. But Workday stock, which has been the poster child for limp breakouts in recent months, reversed to close slightly lower. Urban Outfitters stock turned south, losing 1.8%. Veeva stock rose 0.2%, but couldn't reach the buy point. All three stocks traded in so-so volume at best.

Tesla Rival Nio Files For U.S. IPO

Chinese electric-car maker Nio filed an IPO with an initial target of raising $1.8 billion. Nio has minimal revenue and hefty losses, but is targeting the luxury segment in the world's biggest market for autos, including electrics.

If nothing else, it's a reminder that Tesla's days of having the luxury electric-vehicle segment to itself are ending. Several European automakers are rolling out luxury electric sedans or crossovers in the next year.

Tesla stock rose 0.3% to 356.41 in Monday's trading, well below the 420 buyout target that Elon Musk has proposed. Musk on Monday tried to explain last week's go-private tweets in which he claimed to have "secured funding." But to quote Otter in "Animal House," his funding claim was more "engaged to be engaged" than an ironclad agreement. The SEC, which is looking into Musk's tweets, may have more questions after his latest comments.

Monday night, Musk tweeted that he had named Goldman Sachs and Silver Lake as financial advisors on taking Tesla private. He also named legal advisors.

That tweet came shortly after a New York Times story said that Tesla's board was blindsided by Musk's original tweets last Tuesday.

Tesla stock fell 0.4% early Tuesday.

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31. Stock Indexes Close Lower As Only This Sector Makes Some GainsПн., 13 авг.[−]

Stock indexes sustained moderate losses Monday as the market had trouble finding any safe places to stay.

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After gapping lower Friday, the major indexes remained pressured. The Nasdaq composite, S&P 500 and Dow Jones industrial average undercut Friday's lows, if only by small margins. (Go here to see IBD's updated current outlook for the general market.)

The Dow fell 0.5% and the S&P 500 0.4%. Strength in semiconductors cushioned the Nasdaq's loss to 0.25%. The Philadelphia semiconductor index climbed 0.1%.

The three main indexes closed near session lows. Small caps were even weaker, with the Russell down 0.7% at the closing bell.

Volume declined from Friday's levels, based on unconfirmed numbers. Declining stocks led advancers by a nearly 2-1 ratio across the board.

The main worry Monday was Turkey, where a financial crisis threatens to spread risk to other European banks. The Turkish currency continued to slide, and the iShares MSCI Turkey Investable ETF ( TUR) fell 11% more to the lowest level to November 2008, the time of the global financial crisis.

The medical sector is emerging as a market leader, and it was a bright spot Monday. Drug wholesalers, ethical drugs, generic drugs, health care services, home care and managed care were in the top 10 of 197 industry groups.

This Telecom Play Gets Slammed

Telecom infrastructure was Monday's worst group, as Dycom's ( DY) 24% plunge on an earnings warning roiled the group.

Homebuilders also were one of the weakest groups, down more than 2.5%. Much of the loss rested on NVR's ( NVR) drop of more than 2% to 2,657.05, which skewed the performance of the price-weighted group index. Still, nearly all 23 stocks in the group were down, and several more than 3%.

The energy sector was broadly lower after the price of crude fell 0.6% to $67.20 a barrel. Oil remains near seven-week lows amid worries over Turkey, rising supplies and other concerns.

Breakouts In The Stock Market Today

With sellers dominating on Monday, breakouts were scarce. Nanometrics ( NANO) showed strong price and volume action as the chip-inspection company rose to new highs.

SendGrid ( SEND) closed above a 32.12 buy point in an irregular base, but gave back a good portion of its early gains. SendGrid is a provider of systems for mass email campaigns and other corporate communications.

Workday ( WDAY) is still trying to break out of cup with handle but has yet to make a convincing move above the 137.53 entry. It is, however, extended from an early 129.65 buy point. Workday is an IBD Leaderboard member.

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The post Stock Indexes Close Lower As Only This Sector Makes Some Gains appeared first on Investor's Business Daily.


32. Apple Hits New High, Helps Nasdaq; These 2 Top Stocks Break OutПн., 13 авг.[−]

Major indexes showed soft yet light action in late-afternoon trade but iPhone marketer Apple helped the Nasdaq composite edged higher in stocks today. Meanwhile, Veeva Systems and Nanometrics broke out.

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Apple ( AAPL), the giant in consumer electronics, rushed more than 1.1% higher and made new highs in solid turnover that was running slightly above normal levels. At 210.95, Apple is now 8.5% past a 194.30 proper buy point in a new base on base.

Since Apple is now beyond the 5% buy zone, shares are too extended to buy.

Apple is a member of IBD Leaderboard. Meanwhile, one of Apple's fellow Leaderboard stocks exited the Leaders list due to weak action near the 50-day and 10-week moving averages.

At around 3:30pm ET, the Nasdaq composite, up the prior two weeks by a total of around 1.3%, edged 0.1% lower. Losers outmatched winners on that exchange by a more than 9-5 margin.

The S&P 500 and the Dow Jones industrial average saw modest losses in the range of 0.3% to 0.4%. The S&P SmallCap 600 fell nearly 0.4% as investors continued close watch of financial markets in Turkey.

Two New Breakouts

Among other top-rated growth stocks, Veeva Systems ( VEEV) gained nearly 1% to 84.31 and is trying to break out from a seven-week flat base with an 85.10 entry. The base shows elements of a double bottom as well.

Nanometrics ( NANO), a member of the IBD 50, rallied more than 5% to 44.03 in volume running nearly triple its 50-day average. The semiconductor inspection systems firm is clearing a new buy point of 43.10 from a cup-with-handle base. The pattern also can be interpreted as a cup base with a 44.27 buy point.

The 5% buy zone for Nanometrics goes up to 46.48. Read this Investor's Corner for more on the concept of the proper buy zone after a stock clears a breakout point.

The Milpitas, Calif., firm is enjoying fine growth in recent quarters. Earnings dropped 33% in Q3 of 2017, due in part to a very tough year-over-year comparison. But in the past three quarters, Nanometrics increased its earnings per share by 61%, 253% and 137% on revenue gains of 32%, 39% and 38%.

Read the new feature on Nanometrics in IBD Stock Of The Day.

According to IBD Stock Checkup, the small-cap firm boasts a top-notch 97 Composite Rating, No. 1 within IBD's Electronics-Semiconductor Equipment industry group. Other industry compatriots with high Composite ratings include Cabot Microelectronics ( CCMP), Orbotech ( ORBK), Xcerra ( XCRA) and Electro Scientific Industries ( ESIO).

New Base For This Semiconductor Stock

Nvidia ( NVDA), a key player in chip sets for the AI, datacenter and video game console and PC markets, also outperformed the major indexes. The large-cap leader rose 0.8% to 256.57 and remains above the key 50-day moving average.

Nvidia is crafting a flat base, but it is a riskier late-stage formation.

Among retailers, luxury home furnishings firm RH ( RH) jumped more than 5% to a six-week high. RH is forming a base that shows a 164.59 buy point.

RH is up 75% since Jan. 1. The Street sees RH's earnings soaring 169% to $1.75 a share in the fiscal second quarter ended in July.

Earnings at RH catapulted higher by 48%, 420%, 149% and 2,560% in the past four quarters. Weak numbers in year-ago periods helped boost those gains. However, sales have grown in four of the past five quarters, averaging 11%.

Stocks On The Downside

Dycom ( DY) led a sell-off within the telecom infrastructure industry group, which fell more than 4% and marked the biggest drop among 197 IBD industry groups. The cable deployment firm gapped down more than 23% to hit a session low of 67.15 as volume soared to 6.3 million shares.

Dycom reported a 7% drop in second-quarter revenue, stretching a streak of falling sales on a year-over-year basis to four quarters.

Dycom notched an earlier sell signal when it crashed below its 50-day moving average in heavy trade on May 22.

Kirkland Lake Gold ( KL) slumped more than 7% as gold futures slid more than 1% lower. The Toronto-based operator of golf mines undercut its 50-day line for the first time since breaking out of a cup with handle at 16.43 on April 11.

Such a big drop beneath the key support level marks a potential change in the stock's character.

Other Financial Markets

With a lack of clarity on the Turkish financial situation, investors for the most part held on to their U.S. Treasury securities.

The yield on the benchmark 10-year note held at 2.87%. On Aug. 1, the yield stood at 3%.

WTI crude oil futures sank 0.4% to $67.35 a barrel as the euro failed to get any upside traction after recent heavy selling. The key currency for the European Union traded at right around $1.1400.

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

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The post Apple Hits New High, Helps Nasdaq; These 2 Top Stocks Break Out appeared first on Investor's Business Daily.


33. Indexes Down, But SendGrid Breaks Out; Netflix Holds Up Despite CFO NewsПн., 13 авг.[−]

Netflix stock was resilient in afternoon trading Monday despite some unsettling news, while major stock indexes backed off highs.

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Top performers in the Dow Jones included Apple ( AAPL). Shares were up 0.7% to 209.10. The stock continues to show strength after a recent breakout over a 192.30 buy point. Nvidia ( NVDA), meanwhile, outperformed in the Nasdaq 100 ahead of its earnings report Thursday after the close. Shares rose 0.7% to 256.50. The chip designer is working on a flat base with a 269.30 entry, but it's a later-stage base after a big price run already.

The Dow Jones industrial average gave back 0.5%, the S&P 500 eased 0.3% and the Nasdaq composite slipped 0.2%. Volume on the NYSE and Nasdaq was tracking lower than Friday's levels after the S&P 500 and Nasdaq marked a distribution day Friday.

Netflix Stock Moves Off Lows

In stock market results today, Netflix stock recovered a bit after an early downdraft that saw shares fall nearly 2% intraday. But Netflix ( NFLX) pared losses to just 0.7%. Negative sentiment was fueled by news that Chief Financial Officer David Wells is leaving the company after 14 years. Imperial Capital maintained an outperform rating for the stock but lowered Netflix's price target to 494 from 503.

The message from Netflix's chart is that it looks like it's ready to consolidate gains for a while and possibly build a new base. It hasn't made much of an effort to recover its 50-day moving average after last month's earnings disappointment.

IBD 50 Leaders

Inside the IBD 50, PRA Health Sciences ( PRAH) is close to a test of the 10-week moving average after a recent breakout. Support at the 10-week line for the first time after a breakout is a great time to add to a position or even buy a stock for the first time.

Other IBD 50 names showing relative strength Monday included Ligand Pharmaceuticals ( LGND), Monolithic Power Systems ( MPWR), Alarm.com ( ALRM) and Veeva Systems ( VEEV). All showed gains of 1% or more.

In the retail sector, RH ( RH) looked poised for its seventh gain in eight sessions. Shares were up nearly 3% to 148.56. It's working on the right side of a cup-shaped base with a 164.39 buy point.

Finally, MarketSmith's Pattern Recognition screen yielded a few breakouts. New issue SendGrid ( SEND) cleared a 32.13 entry, rising 3% to 33.05. The 5% buy zone goes up to 33.74.

Leaderboard name Workday ( WDAY), meanwhile, added 0.2% to 137.65. It's just above a 137.53 handle entry.

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The post Indexes Down, But SendGrid Breaks Out; Netflix Holds Up Despite CFO News appeared first on Investor's Business Daily.


34. Stock Market Gives Back Gains, But This Health Play Is HotПн., 13 авг.[−]

U.S. stock indexes climbed Monday in the first hour of trade and then reversed. The Nasdaq came close to erasing Friday's 0.7% loss before it ran into stock market headwinds. The day's leaders included wholesale food, insurance brokers and chip designers.

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Near noontime in New York, the Nasdaq's gain dwindled to a small loss of less than 0.1%, while the S&P 500 and the Dow Jones industrial average lost 0.1% and 0.2% respectively.

Volume fell on both major exchanges vs. Friday's pace.

Food distributor Sysco ( SYY) jumped 6% on earnings that were barely above views. Earnings grew 31% in fiscal Q4 ended in June. The wholesale food group is in the middle of the pack among 197 industry groups.

Insurance broker Health Insurance Innovations ( HIIQ) rose 5% in above-average volume. The stock hit a new high for the third consecutive session. Fundamentals are strong. The stock's return on equity is 41%. Pretax margin last year was 17%. Earnings grew 47% last year. Analysts expect 52% earnings growth this year.

Chip designer Advanced Micro Devices ( AMD) advanced almost 4% in heavy volume. The stock earned 11 cents a share in 2017 after losing money in the previous two years. The Street expects earnings to grow to 47 cents a share this year.

Another chip designer, Nvidia ( NVDA), added 1% as it worked on a flat consolidation.

China Stocks

Among China-based stocks, private education stocks struggled.

South China Morning Post reported Sunday that a report from Jefferies suggested that consolidation was ahead for China's education companies. A government crackdown is expected to hurt small education companies and help the bigger players.

In a separate report Friday, the Financial Times said China's regulators would no longer allow private businesses to acquire public schools.

China education stocks dropped Monday morning, but the biggest hits were among the small caps. Thinly traded small-cap Bright Scholar ( BEDU) gapped down 21%. Small-cap Hailiang Education ( HLG), another thinly traded small cap, gapped down 18%.

Big-caps TAL Education ( TAL), New Oriental Education & Technology ( EDU) and China Online Education ( COE) lost 3%, 1% and 1% respectively.

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

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The post Stock Market Gives Back Gains, But This Health Play Is Hot appeared first on Investor's Business Daily.


35. Stock Indexes Squarely Higher, As This Top Stock Approaches Buy PointПн., 13 авг.[−]

The stock market was modestly higher early Monday, as it looked to bounce back from Friday's heavy losses. Top stock Nvidia ( NVDA) approached a potential buy point — according to MarketSmith chart analysis — ahead of this week's earnings results, while Amazon.com ( AMZN) hit a record high. (For updates on this story and other market coverage, visit the Stock Market Today.)

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All three major indexes were modestly higher in morning trade. The tech-heavy Nasdaq paced the major indexes with a 0.6% gain. The S&P 500 and Dow Jones industrial average followed up with gains of about 0.3% apiece.

Among the Dow stocks, Cisco Systems ( CSCO) was one of the top-performing stocks, as it advanced over 1%. The networking giant neared a 44.91 double-bottom entry, but the relative strength line is lagging.

Meanwhile, Apple ( AAPL) moved up 1% and is trading just off its record high prices. Shares are extended from their recent 194.30 flat-base buy point.

Among the FANG stocks, Amazon.com ( AMZN) moved up more than 1% on comments from analyst firm Piper Jaffray. Analyst Michael Olson said that Amazon's advertising business could potentially surpass Amazon Web Services' profit within three years. The analyst reiterated his overweight rating and 2,100 price target. Amazon stock hit a new high Thursday and is just off that price level.

Meanwhile, Netflix ( NFLX) CFO David Wells will step down, the company announced Monday. Shares dropped almost 2%, but turned unchanged, as they continue to consolidate from their June 21 highs.

Tesla ( TSLA) stock jumped about 3%, but neared its break-even mark in morning trade after CEO Elon Musk commented that the Saudi sovereign fund had approached the company 'multiple times' about taking Tesla private.

Inside The IBD 50

Among the top growth stocks, Planet Fitness ( PLNT) gave up its 50.83 ascending-base entry early Monday with a near-3% loss. Shares were cut from overweight to neutral at JPMorgan. Planet Fitness stock jumped over 6% Friday after strong earnings results.

On the upside, graphics-chip maker Nvidia rose over 2% in early trade. Shares are within striking distance of a 269.30 flat-base entry ahead of the company's earnings results this week.

Veeva Systems ( VEEV) is breaking out above a flat base's 85.10 entry early Monday with an almost-3% advance. Volume is tracking over 100% above average.

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The post Stock Indexes Squarely Higher, As This Top Stock Approaches Buy Point appeared first on Investor's Business Daily.


36. Stocks Open Higher As Tesla, Nielsen, Amazon Take Early GainsПн., 13 авг.[−]

Stocks opened to narrow gains Monday, as investors cautiously eyed market overseas action related to Turkey's developing Currency crisis.

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Nielsen Holdings ( NLSN) and Tesla ( TSLA) hammered out early market leads. TAL Education ( TAL) and New Oriental Education & Technology ( EDU) suffered heavy losses due to a possible regulatory change in China. Amazon.com ( AMZN) blipped higher to lead the FANG stock tech heavyweights, apparently lifted by an analyst report. Bayer ( BAYRY) took a dive after a key jury U.S. court decision.

The Dow Jones industrial average and S&P 500 crept up 0.1%. Cisco Systems ( CSCO) led the Dow. Nielsen headed the S&P 500 by a wide margin. The Nasdaq Composite traded 0.2% higher, with Tesla leading the Nasdaq 100. (For updates on this story and other market coverage, visit the Stock Market Today.)

Almost midway through August, the Nasdaq Composite is the market's clear leader — up 2.2% so far in August, tapping out new highs and tacking toward a fifth straight monthly gain. The index has posted only six monthly declines in the past 31 months.

The Dow Jones industrial average starts Monday down 0.4% for the month. The index has a 1% margin above its 50-day line of support, but continues to trade more than 5% below its high for the year, set in January.

The S&P 500 has a 0.6% gain so far in August. It is 2% above its 50-day moving average and working on its fifth straight monthly advance. It is 1.4% from its January high.

Turkey Continues To Rattle Global Markets

Turkey's currency crisis again dragged on global currency markets and investors confidence. Turkey's Central Bank limited foreign currency swaps late Sunday, and intervened Monday to pull the lira off its early lows. The currency was down about 7% vs. the dollar on Monday, and has more than 40% of its strength against the dollar so far this year. Investors are concerned about exposure of European banks to Turkey's economy.

However, a report that Turkey would release Andrew Brunson, an American pastor, from house arrest boosted the lira and lifted U.S. futures somewhat. Turkey has detained Brunson for nearly two years, worsening U.S.-Turkey relations.

Markets across Asia suffered very hard hits. China's mainland markets were largely insulated from the selling, with the Shanghai Composite dipping only 0.3%. But Hong Kong's Hang Seng index slumped 1.5%. In Japan, Tokyo's Nikkei 225 tanked 2% as the yen surged.

Europe's markets trimmed their losses in afternoon trade. Frankfurt's DAX was off 0.5%. London's FTSE 100 took a 0.4% hit. The CAC-40 in Paris eased to a fractional decline.

Tesla Jumps, Amazon Gets Ad Revenue Boost

Tesla shares jumped almost 2%, after CEO Elon Musk confirmed discussions with Saudi Arabia's sovereign wealth fund about taking the company private were ongoing. A Sunday blog post and Monday tweet from Musk said there was no question a private deal could be reached. Musk said he believed two-thirds of shareholders would remain if a deal were reached, and that estimates of $70 billion needed to go private were overstated.

Intel narrowed to 0.2% gain, after Cowen & Co. trimming the stock's price target to 49, from 52. Cowen rates the stock at market perform. Intel shares are in a two-month consolidation, and trading below both their 10- and 40-week moving averages.

Amazon swung up more than 1%. A Piper Jaffray note projected the e-commerce giant's ad revenue would hit $8 billion this year, contributing as much as $3 billion in operating profit. The analyst forecast ad revenue of $16, and surpassing revenue from the company's vaunted cloud services business in 2021. Amazon shares were trading just below new highs on Friday, and were extended after a breakout in April.

Nielsen Spikes; Bayer Dives On Roundup Decision

Earnings season slows this week, but a handful of key names are still due to report. Retail could be a focal point for the week. Macy's ( M), Home Depot ( HD) and Walmart ( WMT) are all due to release quarterly earnings.

Nielsen Holdings popped 13% in early action. News reports said activist investor Elliott Management has amassed an 8% position in the TV ratings company. The position was estimated at $640 million. Elliott was reportedly pushing for the company to sell itself. Nielsen shares are down 61% from a July 1016 high.

German drug and medical products giant Bayer tanked more than 10% in early trade, after a jury in a California state court awarded $289 million to a plaintiff who claimed exposure Monsanto's Roundup herbicide caused cancer. The trial was seen as a test case, the first of thousands of claims against the company. Bayer closed its $66 billion acquisition of Missouri-based Monsanto in June. The company plans to appeal the case.

China-based education names narrowed the early losses that had followed news reports said China's Ministry of Justice had drafted legislation that could limit the ability of private businesses to acquire public schools. TAL Education was down more than 2%, New Oriental Education & Technology eased to a 1.3% loss. China has drafted legislation that would limit for-profit schools' growth via acquisitions and partnerships with public schools.

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The post Stocks Open Higher As Tesla, Nielsen, Amazon Take Early Gains appeared first on Investor's Business Daily.


37. Dow Jones Futures: Turkey's Lira, Tesla In Focus; Watch These 3 Top Stocks Near Buy PointsПн., 13 авг.[−]

Dow Jones futures were little changed Monday morning, along with S&P 500 futures and Nasdaq futures. Futures improved Turkey's lira sold off again as President Recep Tayyip Erdogan remained defiant. Tesla ( TSLA) faces more scrutiny as investors await any sign that CEO Elon Musk has a viable plan to go private with "funding secured" as he claimed. Meanwhile, few top-rated stocks report quarterly results this week. But Baozun stock, Nvidia stock and Macy's stock are all near buy points with earnings on tap.

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Dow Jones Futures Today

Dow Jones futures fell a fraction vs. fair value. So did S&P 500 futures. Nasdaq 100 futures rose 0.1%.

Turkey's Lira Falls Sharply

The lira plunged once again as Turkey President Recep Tayyip Erdogan blasted the U.S., ruled out interest rate hikes and said he won't take an international bailout. The lira pared intraday losses after banking regulators limited some foreign exchange and lira swap transactions. Turkish stocks continued to tumble. Other emerging market currencies fell again while stocks fell in Asia and Europe lost ground.

However, a report that Turkey would release Andrew Brunson, an American pastor, from house arrest boosted the lira and lifted U.S. futures somewhat. Turkey has detained Brunson for nearly two years, worsening U.S.-Turkey relations.

A plummeting lira hit global currency and stock markets Friday, with the U.S. dollar hitting a 14-month high. Erdogan's economic policies have spooked investors — among other things, the authoritarian ruler believes that raising interest rates spurs inflation. Turkey has run up huge foreign debt and current-account deficits, making it especially vulnerable from a currency run. Adding to the fire, on Friday President Donald Trump doubled U.S. steel and aluminum tariffs on Turkey, seeming to believe that the NATO ally is deliberating weakening its currency.

Last week the S&P 500 index and Dow Jones fell modestly, hurt by Friday's stock market retreat. The Nasdaq composite hung on for a slim gain.

Top Stock Breakouts Tied To Earnings

There has been a recent boomlet of top stocks breaking out bullishly. But nearly all of those moves, from Apple ( AAPL) to Zoetis ( ZTS), have come on earnings reports. That raises concerns that breakouts will dry up until the next earnings season, with stocks moving sideways. That's what Apple stock has tended to do over the last several earnings reports — a big move for a few days or weeks and then sideways action.

This week just five companies with Composite Ratings above 90 are on tap with earnings: Baozun ( BZUN), Petiq ( PETQ), Madison Square Garden ( MSG), Macy's ( M) and Nvidia ( NVDA), which only the first two above a 95 CR. The IBD Composite Rating combines several proprietary IBD ratings, including earnings. All-time stock winners often have Composite Ratings of at least 95 near the start of their big runs.

Tesla Go-Private Going Nowhere?

With each day, it becomes more clear that Tesla CEO Elon Musk did not have "funding secured" for a deal to go private at 420 a share. Tesla's board will meet with bankers this week. But directors seem to have little more information than the general public. Tesla would be the biggest private buyout in history.

Saudi Arabia's Public Investment Fund is open to taking part in a go-private deal, Bloomberg reported, while Reuters said that the fund had no such interest. The sovereign wealth fund has taken a small but significant Tesla stake already, according to a Financial Times report released Tuesday shortly before Musk's tweet. Meanwhile, Softbank's Vision Fund, which recently invested in General Motors' ( GM) Cruise autonomous driving unit, is not interested in funding a Tesla buyout.

Tesla stock skyrocketed Tuesday on the Musk tweet, nearly hitting a record high. But as doubts set in, shares pulled back to close Friday at 355.49. That's almost exactly where Tesla stock was when Musk made his initial "go private" tweet.

The SEC is taking a close look at his statements, which have already spawned investor lawsuits. Anyone who covered a short position or bought Tesla stock on Tuesday after Musk's tweet lost out.

If this weren't Tesla, growth investors wouldn't give the stock much of a look. It has consistently lost money. The Tesla stock chart is messy; shares haven't made progress in nearly a year. Its relative strength line, which tracks a stock's performance vs. the S&P 500 index, has been lagging for more than a year. The RS line is basically where it was in early 2014. And Tesla stock has a Composite Rating of just 30.

Tesla stock was up 0.4% early in Monday's stock market trading.

Nvidia Earnings

The graphics-chip maker reports late Thursday. Nvidia earnings should swell 80% to $1.66 a share, with sales rising up 39% to $3.11 billion. Once focused on PC gaming, Nvidia chips are now also used in artificial intelligence, autonomous driving and Bitcoin mining.

Nvidia stock has a 269.30 buy point from a flat base going back eight weeks. But it's a late-stage pattern. Breakouts from late-stage bases are riskier, though they can work. Nvidia stock closed Friday at 254.79, finding support at its 50-day moving average.

Baozun Earnings

Baozun reports before Tuesday's market open Tuesday. Analysts expect Baozun earnings of 13 cents a share. Baozun helps companies, including many Western businesses, sell goods online in China.

Baozun stock is in a cup-with-handle base with a 66.03 buy point. The stock closed Friday at 55.31, near the bottom of the deep handle and several points below its 50-day moving average.

Several other Chinese internets report earnings this coming week, including JD.com ( JD), Tencent ( TCEHY), YY.com ( YY) and 58.com ( WUBA). The sector has struggled in recent months, as China's economy slows and the Shanghai composite falls into a bear market.

Macy's Earnings

Macy's earnings are expected to be flat at 48 cents a share. Revenue should edge up 0.7% to $5.59 billion. Macy's stock has more than doubled since early November amid broader confidence in the sector, helped by a strong economy and tax cuts for businesses and consumers. Restructuring efforts, including store closures, also have helped results. But as Q2 estimates show, Macy's earnings are no longer benefiting from easy year-earlier comparisons.

Still, Macy's stock is flirting with a 41.04 buy point from a cup-with-handle base. Shares closed Friday at 39.97.

Upscale Nordstrom ( JWN) and downscale JCPenney ( JCP) also report earnings this week. So does discount giant Walmart ( WMT).

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The post Dow Jones Futures: Turkey's Lira, Tesla In Focus; Watch These 3 Top Stocks Near Buy Points appeared first on Investor's Business Daily.


38. Small Cap Stocks Resilient As Intel, Caterpillar, Goldman Weigh On DowПт., 10 авг.[−]

Small cap stocks fell but held up relatively well Friday. But the rest of the stock market withered more, weighed down by the Turkey crisis and a sell-off in shares of Dow component Intel ( INTC).

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Intel was the worst performer in the Dow Jones industrial average, falling 2.6% to 48.85. Caterpillar ( CAT) wasn't far behind, down 1.9%. Financial stocks in the Dow like Goldman Sachs ( GS), American Express ( AXP) and JPMorgan ( JPM) also lagged with losses of 1% or more.

Selling in Intel was fueled by negative comments from Goldman Sachs, which downgraded shares to sell with a 44 price target. Last month, Intel said the launch of its next-generation 10 nanometer chips will be released in late 2019. Advanced Micro Devices' ( AMD) 7 nanometer chips will be out later this year.

The Dow ended with a loss of 0.8%, while the S&P 500 and Nasdaq composite gave back 0.7% each. Preliminary data showed volume on the NYSE and Nasdaq coming in slightly higher than Thursday's levels.

The Turkish lira plunged against the U.S. dollar after President Trump said he was doubling metal tariffs on Turkey. Andrew Brunson, a U.S. citizen, is being held in Turkey. He's accused of supporting a group blamed for an attempted coup in Turkey in 2016.

Investors bought bonds Friday, sending the 10-year Treasury yield lower by 5 basis points to 2.87%.

Small Cap Stocks Hold Up

Selling was muted in the small-cap arena as the Russell 2000 lost around 0.2%.

Inside the MarketSmith Growth 250, top-rated small cap stocks like Bottomline Technologies ( EPAY), Funko ( FNKO), SendGrid ( SEND) and Alarm.com ( ALRM) outperformed.

Meanwhile, Friday's session delivered another round of bullish earnings moves from high-quality growth stocks. IBD 50 component Trade Desk ( TTD) soared 37%, helped by a big earnings beat and 54% jump in sales to $112.3 million.

Meanwhile, fellow IBD 50 firm Planet Fitness ( PLNT) also shot higher on earnings, rising 6.5%. The stock's weekly chart shows a breakout from a flat base in April and then three pullbacks close to the 10-week moving average. The structure has the look of an ascending base pattern, but the pattern is usually seen when a stock is showing strength in a down or sideways market.

Match Group ( MTCH), yet another IBD 50 stock, followed through after a bullish move Wednesday on earnings and a breakout Thursday. Shares were up another 3%. Despite a weekly gain of more than 30%, Match isn't extended yet from a conventional entry of 48.75.

Leaderboard name Five Below ( FIVE) also outperformed, rising 1.6%. After a test of the 10-week moving average, Five Below is back above a prior 104.09 buy point.

Meanwhile, the MarketSmith pattern recognition tool identified a breakout in Urban Outfitters ( URBN). It cleared a 48.34 buy point, marking its fifth straight advance, but it's been a low-volume move so far. Shares rose 1.6%.

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The post Small Cap Stocks Resilient As Intel, Caterpillar, Goldman Weigh On Dow appeared first on Investor's Business Daily.


39. Apple, Indexes Fall On Turkey Fear; These 6 Stocks Hit Sell SignalsПт., 10 авг.[−]

Apple stock fell in line with the market but was poised to lose less than 1 point for the week. The major U.S. equity indexes showed weak action amid growing anxiety over Turkey and its increasingly volatile financial situation.

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Apple ( AAPL), down 0.8% to 207.23, saw quiet volume and holds a commanding 22.3% gain since Jan. 1.

Clearly, the fear among global financial institutions and major governments with strong economic ties to Turkey translated to big losses for certain stock markets. Germany's DAX 100 dropped 2%; at 12,424, the benchmark is now down 3.8% year to date. For U.S. stocks, IBD's current outlook remains at "confirmed uptrend."

The iShares MSCI Turkey ( TUR) exchange-traded fund collapsed as much as 22% to a session low of 19.65 in easily the heaviest turnover in more than two years. Shares found support near the 20 level; yet the ETF has now plunged more than 51% since Jan. 1.

In turn, the Nasdaq composite dropped 0.7% after being down as much as 1% earlier in the session. But at 7823, the tech-centered index still harbors a 13% year-to-date advance. The Nasdaq rallied 28.2% in 2017.

At around 3:45 p.m. ET, the S&P 500 lifted a bit off session lows, yet still fell nearly 0.7%. The Dow Jones industrial average sank 0.8%, with Boeing ( BA) leading as many as 12 of the blue chip index's 30 components with declines of 1 point or more. Boeing and money center bank Goldman Sachs ( GS) both dropped at least 4 points.

Goldman and other major Wall Street banks fell amid concerns about exposure to Turkey's sovereign debt. Meanwhile, demand for U.S. Treasury bonds on the long end remained fierce. The yield on the benchmark 10-year note slid 6 basis points to 2.87%. On Aug. 1, the yield was 3.00%.

Interest paid on Treasury bonds is fixed and set on a regular schedule. So when bond prices rise, the yield on those bonds falls.

Boeing Stock Action

Boeing, which raised its full-year revenue guidance after reporting Q2 results on July 25, has traded in a range of 320 to 375 for more than three months.

For long-term holders, Boeing is not delivering any sell signal. After all, the gains from an early-stage breakout from a long saucer with handle base at 139.55 in late October 2016 still exceed 140%. As seen on a MarketSmith weekly chart, the aerospace giant is also holding above its long-term 40-week moving average.

Instead, Boeing, which had a tremendous 2017, is now forming a new base. Watch to see if the aerospace giant can lift back above the key 50-day moving average, drawn as a red line in all IBD daily charts.

Apple, Still A Market Leader

The iPhone giant is being stingy with the 8.9% gains achieved in the week ended Aug. 3. At 207.83, the megacap tech remains outside the 5% buy zone following a sound breakout past 194.30 in a seven-week flat base.

Apple Stock Checkup

According to IBD Stock Checkup, Apple also shows these positive technical traits:

One, the RS line has bolted into new high ground. A rising relative strength line means that a stock is sharply beating the S&P 500.

Two, the Accumulation/Distribution Rating is positive at B on a scale of A to E.

Three, Apple's up/down volume ratio has risen to 1.2, also positive. Please read this Investor's Corner on how to understand and use the up/down volume ratio.

The Stock Checkup also highlights a company's fundamental prowess. Apple scores a passing grade, signified by a green dot, in these measures: EPS change in the latest quarter (up 40%); number of quarters of EPS growth acceleration (2); estimated change in EPS for the current quarter (up 33%); estimate revision (upward); and size of earnings surprise in the latest quarter (beat by 7%).

Time To Sell These 6 Names?

Meanwhile, a Goldman Sachs downgrade of Intel ( INTC) helped depress shares in the semiconductor space.

The Dow Jones industrial average component, down more than 2%, is struggling to cling to the 200-day moving average, yet also stands just 15% below its 57.60 peak. Intel is clearly in base-building mode.

Yet a severe undercut of the 50-day line on June 18, and failure to rebound quickly, gave new Intel shareholders reason to sell and lock in gains.

Swiss industry peer STMicroelectronics ( STM) showed lack of support as shares fell more than 5% and plummeted further below both the 50-day and 200-day moving averages. When a stock, following a big price run, drops below either of these key support levels and fails to rebound, it's a good time to nail down at least some gains. The stock first crashed below the long-term 200-day line in heavy volume on June 28.

STMicro triggered another key sell signal on June 25. On that session, the chipmaker fell 8% below a 24.62 buy point in a cup with handle, thus triggering the golden rule of investing.

Keeping losses small and taking profits in many top market leaders at 20% to 25% from a primary breakout point is a tried and true formula for long-term success.

More Growth Stocks Slammed

Autohome ( ATHM), the China-based digital marketer for the car industry, slumped nearly 6% in heavy turnover to undercut its 200-day line for the second time in three sessions. Ferrari ( RACE) (down 2.6%) and SolarEdge Technologies ( SEDG) (off 1.3%) are struggling to hold the 200-day moving average as well. A new base may be forming for both high-growth companies.

Weight Watchers ( WTW) is not showing any willingness to rebound after plunging nearly 15% on Tuesday following Q2 results. A big drop below the 50-day moving average and round trip of big gains following a breakout at 77.29 served as twin sell signals.

Weight Watchers posted strong Q2 results as earnings rose 53% to $1.01 a share on a 20% revenue increase to $409.7 million. That marked the biggest total sales in any given quarter since Q1 of 2014.

Software Leader Up Again

On the upside, Altair Engineering ( ALTR) rallied more than 3% and is trying to clear a 37.87 correct buy point in a seven-week flat base.

The expert in engineering software posted a 37% drop in earnings to 5 cents a share, but that beat the Wall Street estimate by a penny. Plus, Altair faced a difficult comparison as earnings doubled to 8 cents a share in the year-ago quarter. Revenue jumped 17% to $95.6 million, the highest in any quarter ever.

Altair debuted on the Nasdaq at 13 a share on Nov. 1. Read more about the Troy, Mich.-based company in this IBD Stock Of The Day feature.

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

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The post Apple, Indexes Fall On Turkey Fear; These 6 Stocks Hit Sell Signals appeared first on Investor's Business Daily.


40. Why Today's Drop In Stock Indexes Has A Bullish AspectПт., 10 авг.[−]

The stock indexes gapped down Friday in a decline that broke with the pattern of mild price moves over the past couple of weeks.

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The Nasdaq composite was down 0.5% and on pace to end an eight-day win streak. The S&P 500 gave up 0.6% and the Dow Jones industrial average 0.8%.

The three main indexes saw the largest declines since the technology sell-off in late July. Friday's slide marked a change in character from earlier this month, when indexes made gains or declines that were mild.

The Russell 2000, however, was up 0.2%. Small caps tend to have less exposure to foreign markets, which helps explain their outperformance.

Volume was higher on the NYSE and flat on the Nasdaq compared with the same time Thursday. Declining stocks led advancers by a 7-to-4 ratio on the NYSE and by 6-5 on the Nasdaq.

A stock sell-off in Europe spread to Wall Street, after tensions heated up between the U.S. and Turkey over Turkey's detention of an American pastor. President Trump ordered some tariffs on Turkish steel and aluminum to be doubled. The move worsened Turkey's financial troubles.

Turkey's currency plunged to a record low Friday. European central banks warned of trouble for some banks with heavy exposure to Turkey. Worries of contagion hit the major European markets. The London FTSE 100 tumbled 1%, the German DAX 2%, and France's CAC 40, 1.6%.

The iShares MSCI Turkey Investable ETF ( TUR) plummeted 15% to the lowest level since March 2009. The ETF already had been in decline since March of this year.

Impressively, leading stocks performed way better than the broad market. The Innovator IBD 50 Fund ( FFTY) was up 1.8% and rising back above its 50-day line.

Thirty-three of the IBD 50 stocks were higher, a broad show of force for the leaders. But the main reason for the IBD 50's success rested on a single stock: Trade Desk ( TTD).

The online advertising platform soared 36% to a record high, gapping well above its 50-day moving average. Trade Desk beat second-quarter profit and revenue expectations. The company added more large clients and its sales forecast for the current quarter was above views.

Also in the IBD 50, Copart ( CPRT) stood out as shares rose above the 60.53 buy point of a flat base. But volume was three-quarters less than average. The auto-auction operator was featured in IBD 50 Stocks To Watch this week.

On Wall Street, the major stock moves were mostly because of earnings reports. Altair Engineering ( ALTR) broke out of a cup with handle base, clearing the 37.31 buy point in heavy volume. The engineering software company, which went public in November, beat profit expectations.

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The post Why Today's Drop In Stock Indexes Has A Bullish Aspect appeared first on Investor's Business Daily.


41. U.S. Indexes Trim Losses On Turkey Jitters As This Group Sinks FastПт., 10 авг.[−]

Financial trouble in Turkey shook world stock markets Friday morning, and the U.S. indexes were no exception. However, losses eased in the U.S. as the lunch hour approached.

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The blue-chip Dow Jones industrial average dropped 0.7% but was down almost 1% earlier in the session. Meanwhile, the S&P 500 and the Nasdaq fell 0.5% and 0.4% respectively. The iShares MSCI All Country World Index ( ACWI) staggered 1.25% lower and then cut the loss to 1.1%. The all-country exchange traded fund has been in a choppy sideways pattern since early February.

In the 30-component Dow, Goldman Sachs ( GS) skidded 2% before recouping some losses and rebounding back near the 50-day moving average. JPMorgan Chase ( JPM) lost 1%. Losses were broad, but banks were the chief concern worldwide.

Individual investors in the U.S. might wonder why they should care about Turkey's financial problems. Bank exposure is the reason.

According to the Bank for International Settlements, Turkish borrowers owe $83 billion to banks in Spain; $38 billion to banks in France; $19 billion to U.K. banks; $18 billion to U.S. banks; and $14 billion to banks in Japan. The complete list is longer.

Yet, these are relatively small amounts, considering the overall size of international banks. The sell-off in stocks worldwide probably says more about mood than reality.

In the U.S., for example, concerns about the stock market were already rising. As IBD's Big Picture noted Thursday, "The past three days involved gains of 0.3%, 0.1% and 0.04%. ... given that the Nasdaq is just off its highs, the lack of boldness is unsettling."

Normal Action

Yet, IBD 50 stocks were showing fairly normal action Friday morning. Leaders led losers, 26-24. Four stocks advanced 3% or more: advertising platform operator Trade Desk ( TTD), up 35%; Planet Fitness ( PLNT), up about 7%; upscale apparel provider Canada Goose ( GOOS), up 3%; and TechTarget ( TTGT), up 3%. Volume was heavy for each.

On the downside, electronics parts maker Kemet ( KEM) fell 3.5%, slicing further under its 50-day moving average. Kemet, a member of the IBD 50, first lost the line Thursday.

In economic news, the consumer price index rolled in at 0.2%, matching the consensus estimate.

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The post U.S. Indexes Trim Losses On Turkey Jitters As This Group Sinks Fast appeared first on Investor's Business Daily.


42. Dow Slides Over 200 Points; Top Stock Breaks Out Past Rare EntryПт., 10 авг.[−]

The stock market looked to cap off the trading week with heavy losses Friday amid geopolitical turmoil that centered on Turkey. Early Friday, President Trump tweeted that he authorized a doubling of tariffs on steel and aluminum from that country. Top stock Planet Fitness ( PLNT) jumped over 8% to a new breakout while IPO Leader Trade Desk ( TTD) surged over 30%. (For updates on this story and other market coverage, visit the Stock Market Today.)

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All three major indexes were squarely in red territory. The Dow Jones industrial average fell 0.8%, while the tech-heavy Nasdaq and S&P 500 fell about 0.6% apiece. The Nasdaq is on pace to snap an eight-day win streak that saw it near a record high.

Among the Dow stocks, Intel ( INTC) dropped more than 2% after Goldman Sachs downgraded the chipmaker from neutral to sell. Shares are stuck under their 50-day line, as they looked for support at the longer-term 200-day moving average line.

Among companies reporting earnings, IBD 50 stock Planet Fitness moved up about 9% to hit a new high after beating the Street's estimates late Thursday. The stock is breaking out above a 50.83 ascending-base entry. The ascending base is a rare chart pattern that can potentially lead to big gains. The 5% buy range tops out at 53.37.

Dropbox ( DBX) stock declined 8% on its Q2 results. The company reported better-than-expected results and announced that its chief operating officer is stepping down. The recent issue showed tremendous strength when it broke out on June 14 above a 34.93 buy point and quickly ran up over 20%. But that initial enthusiasm quickly wore off, and the breakout failed when it gave back the entirety of that gain in just four trading sessions.

Inside The IBD 50

Among the top growth stocks, IPO Leader Trade Desk advanced more than 30% on its way to another record high. Late Thursday, the digital advertising firm reported strong Q2 earnings and sales.

On the downside, Baozun ( BZUN) declined 3%, as the Chinese stock continues to build a cup with handle. Shares are trading below the 50-day line. The relative strength line is lagging, signifying substantial market underperformance.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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The post Dow Slides Over 200 Points; Top Stock Breaks Out Past Rare Entry appeared first on Investor's Business Daily.


43. Stocks Slide As Trump Targets Turkey, Goldman Downgrades IntelПт., 10 авг.[−]

Stocks veered lower at Friday's open, as President Trump engaged in a worsening economic crisis in Turkey, while another major analyst downgrade rattled the chip sector.

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Trade Desk ( TTD), Universal Display ( OLED) and Overstock.com ( OSTK) were the early high fliers. Dropbox ( DBX) and Sunrun ( RUN) fell hard on earnings news. Chip stocks were under early pressure for a second day with Microchip Technology ( MCHP) and Intel ( INTC) leading the declines.

The Dow Jones industrial average toppled 0.7%. The Nasdaq Composite and the S&P 500 each clocked 0.6% declines. Intel led the declines on the Dow, where seven issues posted losses greater than 1%. Microchip took the deepest loss on both the Nasdaq and the S&P 500. (For updates on this story and other market coverage, visit the Stock Market Today.)

Crashing Turkish Lira Hammers Global Markets

Global currencies began reacting more seriously overnight to Turkey's diving lira, as eurozone regulators raised questions about the exposure of European banks to the crisis. Spain's BBVA, Italy's UniCredit and France's BNP Paribas all have significant operations in Turkey, according to the Financial Times.

The lira accelerated its declines Friday, after Turkish President Recep Tayyip Erdogan declared an "economic war" and called on citizens to convert dollars and gold into lira. Erdogan has halted the central bank's interest rates at 17.75%, hobbling its ability to defend the currency, and Turkey has effectively no dollars held in reserve.

U.S. President Donald Trump piled on to the crisis, tweeting Friday that he had "authorized a doubling of tariffs on steel and aluminum with respect to Turkey" in order to compensate for the declining currency. The U.S. State Department has been attempting to leverage the release of American clergyman Andrew Brunson. Brunson was arrested in a sweep that imprisoned tens of thousands of Turks and non-Turks following an attempted coup against Erdogan in 2016.

Europe's markets responded by deepening early losses. Frankfurt's DAX dropped 1.9% and the CAC-40 in Paris skidded 1.5%, while London's FTSE 100 held to a 0.8% loss in afternoon trade.

In Japan, Tokyo's Nikkei 225 dropped 1.3% as fallout from the Turkey crisis drove the the yen higher, and ripple effects from Morgan Stanley's downgrade of chip-sector stocks hammered the market.

China's markets ended mixed, leaving the Shanghai Composite with a narrow gain and Hong Kong's Hang Seng Index down 0.8%. The Shanghai Composite ended the week up 2%. The Hang Seng closed 2.5% higher.

Trade Desk, Universal Display Lead Upside

IBD 50 stock Trade Desk swept up 27% as a surprise earnings gain and a 54% leap in revenue caught analysts off guard. The digital advertising platform's shares are extended after a breakout from a deep, seven-month base in May.

Planet Fitness ( PLNT), also on the IBD 50 list, muscled 5% higher. The budget health club chain reported a third quarter of accelerating earnings growth, on top of a 31% gain in revenue, easily beating analysts' estimates. Full-year guidance was mixed, with earnings below the consensus target, but revenue was higher than expected. Planet Fitness also raised its stock buyback initiative to $500 million. The stock is breaking out above a 50.83 ascending-base entry. The ascending base is a rare chart pattern that can potentially lead to big gains. The 5% buy range tops out at 53.37.

Universal Display jetted 13% higher, after reporting a strong second-quarter earnings beat, while revenue fell much less than expected. The stock is working on a sixth straight weekly advance. Still deep in a seven-month correction, it ended Thursday up 29% from a June low.

Express Scripts ( ESRX) jumped 2.9% to lead the Nasdaq 100 and the S&P 500. Glenview Capital Management Manager Larry Robbins countered criticism from activist investor Carl Icahn of Cigna's ( CI) planned $54 billion takeover of Express Scripts. Icahn claims the deal significantly overvalues the pharmacy benefits manager. Icahn has a 0.56% share of Cigna, worth about $250 million as of Monday's market close, according to the Wall Street Journal. Glenview reportedly has a $1.3 billion stake divided between Cigna and Express Scripts.

Intel Dives On Sell Downgrade, Microchip Tumbles

Among chip stocks, Dow industrials issue Intel tanked 2.5% after Goldman Sachs downgraded the stock to sell from neutral, and backed off its price target to 44 from 49. The note said delays in moving to next-generation, 10-nanometer chips weakened Intel's competitive stance. Intel shares ended Thursday down 13% from a June high.

Advanced Micro Devices ( AMD), the beneficiary of any competitive weakness assigned to Intel, edged up 0.7% ahead of the open. AMD shares are extended, near new highs and up 21% since a breakout in June.

Microchip Technology dropped 11% in opening action. The Chandler, Ariz.-based chipmaker announced late Thursday stronger-than-expected earnings for its fiscal first quarter, and revenue in line with analyst forecasts. Second-quarter revenue guidance was well below consensus views, however.

Cypress Semiconductor ( CY), Micron Technology ( MU) and Texas Instruments ( TXN) were among the other chip names that posted heavy early declines.

Consumer Prices Meet Targets; Oil Eyes Worst Run Since 2015

Consumer prices rose 0.2% in July, the Labor Department reported, up from June's 0.1% advance but in line with economist projections. For the year, prices paid by consumers were up 2.9%, equal to June's pace of growth and also in line with forecasts. Core prices, minus energy and food, rose 0.2% for the month and 2.4% for the year. Consensus views had targeted a 0.2% month-over-month gain, and a 2.3% increase year-over-year.

Oil prices rose, but were still on track to log a sixth straight weekly decline. West Texas Intermediate gained 0.8% and climbed back above $67 per barrel. Oil has not fallen for six consecutive weeks since the downslope of the global oil glut in July 2015. Weekly rig census data is due out from BakerHughes ( BHGE) at 1 p.m. ET.

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The post Stocks Slide As Trump Targets Turkey, Goldman Downgrades Intel appeared first on Investor's Business Daily.


44. Dow Jones Futures Fall On Turkey, Intel; Tesla Volatile, These 2 IBD 50 Stocks RallyПт., 10 авг.[−]

Dow Jones futures fell solidly Friday morning, along with S&P 500 futures and Nasdaq futures. European stocks retreated amid growing concern about contagion from Turkey's meltdown. Intel ( INTC) fell on a Goldman Sachs downgrade to sell. Tesla ( TSLA) rallied then erased gains on a report that the company's board will meet to discuss Elon Musk's go-private idea. IBD 50 stocks Trade Desk ( TTD) and Planet Fitness ( PLNT) jumped on earnings, with Trade Desk stock and Planet Fitness stock signaling moves to record highs. Recent IPO stocks Altair Technologies ( ALTR) and Dropbox ( DBX) also topped EPS views; Altair stock edged toward a buy point but Dropbox stock sold off sharply.

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OLED tech specialist Universal Display stock rallied on earnings and Overstock ( OSTK) soared on a private equity investment in the company and its blockchain unit. But both Universal Display ( OLED) and Overstock stock had closed Thursday more than 50% off record highs.

Dow Jones Futures Today

Dow Jones futures fell 0.45% vs. fair value. S&P 500 futures sank 0.45%. Nasdaq 100 futures slid 0.55%. Intel stock fell 3.2 as Goldman Sachs downgraded the chipmaker to sell, citing Intel's repeated manufacturing delays in shifting to next-generation chips. Intel stock, which is on the Dow Jones, S&P 500 index and Nasdaq, tumbled late last month following earnings on those woes.

European stocks sold off on a report the European Central Bank is worried about lenders' exposure to Turkey. The U.K.'s FTSE sank 0.8% intraday, Germany's DAX 2% and France's CAC 1.5%. Turkey's lira tumbled 9% to yet another record low vs. the dollar. A U.S.-Turkey diplomatic feud has exacerbated economic woes and mismanagement by authoritarian President Recep Tayyip Erdogan.

Overall, the U.S. dollar index hit a 13-month high.

On Thursday, U.S. stock market averages closed mixed but also near session lows. The Nasdaq composite rose a fraction for an eighth straight advance. The S&P 500 index fell 0.1% while the Dow Jones retreated 0.3%. The Nasdaq composite and S&P 500 index are within 1% of record highs.

Tesla Stock Fades Again

Tesla's board appears to be taking Elon Musk's proposal to go private seriously. Directors will meet next week with financial advisors to discuss Musk's idea, CNBC reported, citing sources. But the board likely will ask CEO and Chairman Musk, who owns 20% of Tesla stock, to recuse himself and hire his own advisors, CNBC said.

One source told CNBC that Musk had talked with Saudi Arabia's sovereign wealth fund about a go-private deal. Saudi's Public Investment Fund recently bought a 3%-5% stake in the electric carmaker, The Financial Times reported Tuesday.

It's unclear if the Saudis or any other deep-pocketed fund or consortium would be willing to pony up for the biggest-ever buyout, especially for an indebted, money-losing operation like Tesla. Reuters reported that Tesla's board hasn't gotten any firm commitment on funding or who the buyer might be. Musk had claimed that a go-private bid already had "funding secured."

Tesla stock fell 0.55% to 35.50 in early trading after briefly topping 360 late Thursday. During Thursday's stock market trading, shares fell 4.8% to 352.45 amid reports that the SEC is widening a probe into Tesla's disclosures. That wiped out all of Tuesday's gains from Musk's initial "go private" tweets. Tesla stock rose as high as 387.43 on Tuesday, nearly eclipsing its September 2017 peak and clearing a 373.43 buy point.

Trade Desk Earnings

Trade Desk earnings rose 15% to 60 cents a share, defying views for a drop to 44 cents. Revenue swelled 54% to $112.3 million, also beating. The ad technology specialist also gave bullish guidance.

Trade Desk stock shot up 21% early Friday after closing up 2.1% to 93.29. Shares are on track to blast above their July 20 peak of 97.87, and there is a proper buy point now. Trade Desk stock priced its IPO at 18 a share in September 2016.

Planet Fitness Earnings

The operator of "judgment free" gyms with low membership fees reported strong results. Planet Fitness earnings jumped 54.5% to 34 cents a share, the third straight quarter of accelerating growth. Sales grew 31% to $140.6 million, clearing the consensus as well.

Planet Fitness stock popped 4.1% to 50.80 in the premarket, which would be a new high. Shares on in a rare ascending base with a 50.83 buy point.

Dropbox Earnings

The March IPO reported revenue of $339.2 million, just missing views for $341 million. That overshadowed Dropbox earnings of 11 cents a share, beating views for 6 cents and reversing a year-earlier loss. The number of paying users rose to 11.9 million from 9.9 million a year earlier. Average revenue per paying user was $116.66 compared to $111.

COO Dennis Woodside will step down on Sept. 4.

Dropbox stock fell 9.6%. That erased all of Thursday's 9.1% gain. Dropbox stock action before and after the results shows why it's highly risky to buy a stock heading into earnings.

Dropbox, which provides data-storage and business-collaboration services, priced its March IPO at 21 a share.

Altair Technologies Earnings

Altair Technologies earnings narrowly topped views with 5 cents a share. Revenue rose 17% to $95.6 million, topping expectations. The software engineering firm is the IBD Stock of the Day. Altair stock rose 1.3% to 37 late, but volume was light. Shares rose 3.6% to 36.54 on Thursday, approaching a 37.31 cup-with-handle buy point. So pay close attention to Altair stock Friday morning.

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The post Dow Jones Futures Fall On Turkey, Intel; Tesla Volatile, These 2 IBD 50 Stocks Rally appeared first on Investor's Business Daily.


45. Nasdaq Composite Extends Win Streak As This Index Escapes Late SlideЧт., 09 авг.[−]

The Nasdaq composite barely rose again and small caps led the stock market Thursday, even after sellers swarmed in the closing moments.

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The Nasdaq climbed a fraction, good enough to extend its winning streak to eight sessions. The composite is drawing ever so close to a record high. A mix of internet, software and telecom stocks aided the composite's advance, despite weakness in semiconductors.

The S&P 500 eased 0.1% and the Dow Jones industrial average fell 0.3%. Selling in the final half hour cost the S&P 500 a gain for the day. But small caps acted better, with the Russell 2000 up 0.2% at the closing bell.

Volume fell from Wednesday's totals, according to preliminary data. Advancers and decliners were nearly even on the NYSE and Nasdaq.

The Nasdaq 100 ended a seven-day win streak. Invesco QQQ ( QQQ) edged down less than 0.1%. Materials and consumer discretionary sector were two of the strongest Thursday. Energy was the weakest sector as crude oil prices remained near seven-week lows.

The indexes' mild moves masked bullish moves in a number of top-rated stocks.

Match Group ( MTCH) cleared an irregular base, rising past the 48.75 buy point in heavy volume. The operator of dating apps followed through from a gap up Wednesday on the company's earnings, which ballooned 156% in the second quarter. BMO Capital. Wells Fargo and Barclays raised their price targets Thursday.

A couple of consumer stocks tried to break out but were indecisive.

Domino's Pizza ( DPZ) tried to clear a flat base, but the stock stalled right as it reached the 293.91 buy point. A bigger problem was volume, which was about one-fourth less than normal. Tilly's ( TLYS) topped the 16.20 buy point of a cup with handle, but it closed just below it and volume was mediocre. Both stocks' relative strength lines failed to make new highs, too.

IBD 50 component Nomad Foods ( NOMD) closed just below its 19.91 buy point in a flat base. The parent of Birds Eye brand and other frozen food products beat profit expectations. Volume was about 70% above average.

MercadoLibre ( MELI) punched through the 381.60 buy point of a cup with handle and closed above it. Volume was heavy as the Latin America online marketplace reported results late Wednesday. The company's loss of 25 cents a share was larger than expected, but a sales increase of 18% beat views.

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46. Roku Stock Blasts Off On Earnings; Nasdaq Closes In On All-Time HighЧт., 09 авг.[−]

Roku stock was a big winner on Wall Street Thursday, helping lift the Nasdaq composite to a 0.4% gain in afternoon trading. The Russell 2000 also turned in a solid showing, up 0.6%, with about one hour left to go in the session.

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The S&P 500 edged higher, while the Dow Jones industrial average fell modestly. The blue-chip index was weighed down by weakness in Pfizer ( PFE), Chevron ( CVX) and Merck ( MRK). The three showed losses of around 1%. DowDuPont ( DWDP) outperformed, rising 2.5%.

Top gainers in the Nasdaq 100 included Leaderboard name Workday ( WDAY). Shares of the enterprise software stock rose 1.6% to 137.18. It's just below a 137.53 handle buy point.

Roku Stock Gaps Up

In stock market results today, Roku ( ROKU) was a big earnings winner, up 21% to 57.31. The stock broke out over a 51.92 handle buy point after the company turned an unexpected profit. Sales jumped 57% to $156.8 million, helped by strength in its streaming ad business. Number of subscribers rose 46% to 22 million.

Yelp ( YELP) also gapped up, rising 28%. A big earnings beat, strong ad sales and bullish sales guidance fueled positive sentiment.

China-based ZTO Express ( ZTO) gapped above its 50-day moving average after a failed breakout last month over a 21.80 buy point. Shares jumped nearly 7% on the stock market today, also on strong earnings. Quarterly profit jumped 53% from the year-ago quarter. Sales rose 45% to $633.6 million.

Canada Goose Reverses

Meanwhile, shares of Canada Goose ( GOOS) tried for a bullish bounce off the 50-day moving average early in the session, but gains faded. Shares reversed lower after soaring more than 6% intraday.

Inside the IBD 50, Trade Desk ( TTD) looked poised to extend its winning streak to four sessions ahead of its earnings report after the close. Shares were up 2%. Trade Desk is testing support at the 10-week moving average for the first time after a bullish base breakout in May.

Another IBD 50 component, Planet Fitness ( PLNT), reports after the close. It's well extended past a proper entry after a breakout from a base in April.

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47. Apple And Roku Lead Nasdaq Charge; These 4 Sectors Lead The Stock MarketЧт., 09 авг.[−]

Apple and Roku gave the ongoing rally in the Nasdaq composite more juice, while the action in stocks today signified strength in multiple growth-oriented sectors.

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Mild jobless claims and zero inflation for July in U.S. producer prices also helped sustain a mildly bullish mood on Wall Street. Meanwhile, in overseas markets the key Chinese equity indexes rebounded amid reports that China's national leaders are reassessing a tough "China First" PR campaign that appears to have intensified the tit-for-tat conflict on import tariffs with key trading partner, the United States.

The Shanghai Composite, which earlier this week narrowly avoided an undercut of its July 6 low of 2691, jumped 1.8% to 2794. That was the index's second significant advance in three sessions. Hong Kong's Hang Seng index rose 0.9% to 28,607 for a fourth straight gain.

"China has showed restraint in this latest round of tariffs," Dec Mullarkey, managing director of investment strategies at Sun Life Investment Management, which has $50 billion in assets under management. "If it wanted to match dollar-for-dollar with the U.S., it would have exhausted the U.S. import total of approximately $135 billion and then looked to apply non-tariff penalties on U.S. companies operating in China."

On Wednesday, China threatened to impose 25% tariffs on an additional $16 billion of U.S. imported goods, focusing on oil, steel, autos and medical equipment.

At around 2:30 p.m. ET, the Nasdaq kept gains of nearly 0.4% and is on course for a potential eighth up session in a row. Apple ( AAPL), up 1.1% and striking a new all-time high of 209.78, helped boost the Nasdaq 100 up 0.2%.

Why Apple And Roku Lead

Please read this earlier Stock Market Today column on reasons why growth to $1.25 trillion in market value for the iPhone, iPad, HomePod and digital services titan is not unreasonable.

The S&P 500 has oscillated between tiny losses and gains during Thursday's session, while the Dow Jones industrial average edged less than 0.1% lower.

The Russell 2000 outperformed, rising 0.5%. The S&P SmallCap 600 rallied 0.4% and headed for a potential all-time closing high.

Stocks in the telecom sector are showing market leadership today. Among the IBD 197 industry groups ranked each day for six-month price performance, as many as five telecom-related industry groups rose 1.6% or more. The five groups are integrated telecom services, consumer products, fiber optics, infrastructure and foreign telecom services.

Roku, New Emerging Leader

Roku ( ROKU) gapped up bullishly, rising more than 20% and spiking past a 51.92 proper buy point in a deep cup with handle base. In rare cases, cup bases that show a decline of more than 33%-35% from high to low can still succeed. IBD research has found that strong fundamentals, a huge prior run-up, excellent industry group strength, and a good current outlook for the market pose as critical factors.

Roku's cup base showed a deep correction of 51% from the left-side peak of 58.80. However, That decline seems reasonable following the stock's 320% advance from a Sept. 28, 2017 IPO pricing at $14 a share.

The Los Gatos, Calif., company is a member of IBD's Telecom-Consumer Products industry group and holds a midcap-sized market value of $5.8 billion.

The broadband-based media content device firm reported a surprise second-quarter profit of 1 penny a share, breaking a long string of net losses. Revenue grew 57% to $156.8 million.

Roku Shows Acceleration

Institutional investors love to find companies that deliver accelerating growth. That is, a company whose increase in the bottom or top line exceeds the growth rate in the prior quarter is seeing unusual demand for its products or services.

Roku's Q2 top-line increase of 57% vs. year-ago levels marked a second quarter in a row of growth acceleration. In Q4 2017, revenue rose 28%. In Q1 of this year, the top line accelerated 36%.

Apple also belongs to the Telecom-Consumer Products industry group, given that the lion's share of company revenue comes from its smartphones.

The industry group ranks 39th out of 197 industries. That's good.

3 More Top Sectors Lead

Three more sectors showing strength on Wall Street included leisure, consumer spending, and software.

Leaderboard shows a few business software companies that continue to rise faster than the general market. Paycom Software ( PAYC) gained 0.9%. The stock has jetted ahead 18% past a 115.64 buy point in a shallow double bottom.

Paycom earns a 99 for Composite Rating and a 98 for EPS, as seen either on a Leaderboard chart or in Stock Checkup.

This Down Apparel Firm Is Down From Its Session High

Canada Goose ( GOOS) flew higher in early-morning trading, then gave back all of those gains and more. Shares dropped 2% to 54.71 and dived back beneath the 50-day moving average. Early Thursday, the Toronto-based luxury coat maker posting a smaller than thought net loss in the June-ended fiscal first quarter.

Revenue rose 56% to $34 million during what is normally the cold weather apparel firm's slowest quarter in its fiscal year.

The 50-day moving average plots a stock's average closing price over the past 50 trading sessions. Leading stocks tend to trade above the 50-day line, which itself should be rising in slope. IBD charts show the 50-day moving average in red.

Today's IBD 50 Growth Stocks To Watch column features Canada Goose.

In other financial markets, WTI crude oil futures gave back an early gain of more than 0.6% to fall 0.1% at $66.87 a barrel. At that price, WTI near-term futures still show a 10.6% gain year to date.

Following the zero change in July producer prices, institutions bought long-dated U.S. Treasuries. The yield on the benchmark 10-year bond fell 3 basis points to 2.93%.

The Dow Jones utility average edged up 0.2%.

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

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The post Apple And Roku Lead Nasdaq Charge; These 4 Sectors Lead The Stock Market appeared first on Investor's Business Daily.


48. Small Caps, Nasdaq Lead Stock Market; MercadoLibre LeapsЧт., 09 авг.[−]

Stock indexes were on track Thursday for a third day in a row of small moves. Breakouts, though, included some bold thrusts, and small caps and Nasdaq stocks led the market near noontime on Wall Street.

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The Nasdaq trotted 0.3% higher, while the S&P 500 and the Dow Jones industrial average each edged up 0.1%. Small caps matched the Nasdaq as the S&P 600 added 0.3%.

Volume inched up on the NYSE and slipped on the Nasdaq vs. the same time Wednesday.

Breakouts provided a diverse mix.

Former stock market leader and Latin American online marketplace MercadoLibre ( MELI) jumped 12%, clearing a 381.60 buy point in a cup-with-handle base. Volume was strong. Mercado missed on Q2 earnings, but revenue rose 18%, beating the consensus estimate.

Chief Financial Officer Pedro Arnt said a 10-day trucker strike in Brazil and price increases from a postal partner in Brazil hurt the company. MercadoLibre's headquarters are in Argentina, but its largest market is in Brazil.

Small Caps Leading Rally

Business information provider Dun & Bradstreet ( DNB) gapped up 15%. Volume soared to more than 3.8 million shares; its 50-day average turnover is 301,000 shares. The company missed on earnings but reported that it would be taken private. Shareholders are expected to get $145 in cash for each share.

Frozen food maker Nomad Foods ( NOMD) popped 5% as it attempted to cross above a 19.91 buy point. Q2 earnings grew 27%, topping views by about 18%.

Nomad ranks No. 45 in the IBD 50.

Small-cap hotel owner Belmond ( BEL) rocketed 42% in red-hot volume. Earnings were 26% above the consensus estimate. On Wednesday, the company's board announced that it was reviewing "strategic alternatives to enhance shareholder value" — code for a possible sale.

Quality Stocks

Among highly rated stocks, online retailer and Leaderboard member Amazon.com ( AMZN) appeared headed for a fourth straight gain. The stock added 0.5% and is at a 52-week high. Upscale apparel marketer Michael Kors ( KORS) also was in line for a fourth straight up day.

Canada Goose ( GOOS), another upscale apparel firm, bounced off its 50-day line in strong volume.

In financial news, first-time jobless claims rolled in at 213,000. The Street expected 220,000.

The producer price index for July was flat, below views for 0.3%. The flat reading eased fears on inflation.

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

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49. Stocks Near Record Highs; This Hot IPO Stock Breaks Out On EPS BeatЧт., 09 авг.[−]

The stock market edged mildly higher in early Thursday trade with the tech-heavy Nasdaq pulling into the lead. Hot IPO stock Roku ( ROKU) is breaking out above a potential entry, while iPhone maker Apple ( AAPL) was one of the top-performing Dow stocks. (For updates on this story and other market coverage, visit the Stock Market Today.)

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All three major indexes were quietly higher in morning trade. The Nasdaq rose 0.3%, looking to extend a win streak to eight trading sessions and nearing a record high. The S&P 500 and Dow Jones industrial average were trading right at their break-even marks.

Among the Dow stocks, Leaderboard stock Apple ( AAPL) rose 1% and remains extended from a flat base's 194.30 entry.

Among companies reporting earnings, streaming video device maker Roku ( ROKU) jumped nearly 20%, as it broke out past a 51.92 cup-with-handle entry. Late Wednesday, the company reported better-than-expected Q2 results. The 5% buy range tops out at 54.52, so shares are now extended.

Booking Holdings ( BKNG) declined nearly 6% to hit a new multimonth low after the company announced weak earnings guidance. The stock — which had been building a flat base — fell through its long-term 200-day moving average line. The relative strength line is lagging, providing key insight into the stock's weakness.

Costco ( COST) declined 2% after it reported July sales numbers that slightly beat forecasts. Shares are over 10% above a 199.14 cup-with-handle entry after a breakout on May 16.

Retailer Michael Kors ( KORS) followed up Wednesday's breakout with a 3% gain Thursday. The stock is still in the 5% buy range from a 70.10 buy point.

Inside The IBD 50

Among the top growth stocks, Canada Goose ( GOOS) trimmed gains to about 2%, rebounding from its 50-day line to approach a 65.05 double-bottom buy point. Early Thursday, the Canada-based outerwear retailer beat fiscal-Q1 targets. The double bottom is a late-stage base. Later-stage formations are more likely to fail than earlier-stage structures.

Meanwhile, ZTO Express ( ZTO) tried to regain its 50-day line, amid the stock's recent rebound, with a 4% gain. Driving the action Thursday were better-than-expected Q2 earnings. A recent breakout above a flat base's 21.80 entry failed when it fell more than 7% from the entry.

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The post Stocks Near Record Highs; This Hot IPO Stock Breaks Out On EPS Beat appeared first on Investor's Business Daily.


50. Stocks Open Flat: Monster Leads, Booking Holdings Lags On NasdaqЧт., 09 авг.[−]

Stocks got off to a flat start Thursday, as earnings news and a chip-sector downgrade divided the market's early action.

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Yelp ( YELP), Roku ( ROKU) and ZTO Express ( ZTO) posted big opening gains on earnings results. Monster Beverage ( MNST) felt its was toward a possible breakout. On Semiconductor ( ON) and Seagate Technology ( STX) fell hard on analyst downgrades. Rite Aid ( RAD) tumbled after canceling its $24 billion bet to merge with Albertsons.

The Dow Jones industrial average eked up less than 0.1%, as DowDupont ( DWDP) jumped 1.3% to lead the index. The S&P 500 and Nasdaq Composite scratched out thin early gains. Monster Beverage led the Nasdaq 100. Flowserve ( FLS) topped the S&P 500. Priceline.com owner Booking Holdings ( BKNG) tumbled to the bottom of both lists. (For updates on this story and other market coverage, visit the Stock Market Today.)

Early economic news showed prices paid to producers were flat in July, the Labor Department reported, below analyst forecasts for a 0.3% rise. Year-over-year, prices were up 3.3%, down from June's 3.4% increase. Core prices, stripping out food and energy, rose 0.1% — down from a 0.3% advance in June and undercutting estimates for another 0.3% gain.

First-time unemployment claims continued to trend lower, dipping to 213,000 in the week ended Aug. 4. Some 218,000 claims were filed in the prior week, and economists had projected an uptick to 220,000 new applications.

In China, the Shanghai Composite jumped 1.8%, continuing its back-and-forth performance as it continues to test bear market lows. Hong Kong's Hang Seng Index climbed 0.9% as a fourth straight gain left the index up 3.4% since Monday and tracking toward its best week since May.

Markets turned mixed across Europe. London's FTSE 100 sagged 0.5% and the CAC-40 in Paris slipped 0.1%, while Frankfurt's DAX climbed 0.4% in afternoon trade.

Applied Materials, ON Semi, Seagate Downgraded

Chip stocks were under some early pressure after Morgan Stanley downgraded the sector to cautious from in-line. The note said elevated inventories, extended lead times and other cyclical vulnerabilities suggested even a minor disruption could lead to a correction. Applied Materials ( AMAT) dived 2.8% after being downgraded in the report to equal weight, from overweight. ON Semiconductor received a downgrade to underweight, from equal weight, and fell 2.1%.

Seagate Technology unraveled 6.2% after Goldman Sachs downgraded the memory device and chip maker to sell, from neutral. Goldman also lowered Seagate's price target to 44, from 50, saying NAND chip markets are oversupplied and solid-state memory prices are falling, pointing to a peak in Seagate's fundmentals before the end of 2018.

Yelp, ZTO, Roku Rocket; Monster Eyes Breakout

Online consumer review service Yelp spiked nearly 21% at the open. The San Francisco-based outfit easily outpaced analyst earnings and revenue targets in its second-quarter results late Wednesday.

Monster Beverage jumped 3.8%, positioning just below a 62.69 buy point in a cup-with-handle base. The energy drink maker late Wednesday reported above-forecast earnings, but revenue just below consensus views. Gross margins decreased, but net sales outside the U.S. rose 18.5%, to 29% of total revenue.

ZTO Express bolted 4% higher in premarket trade. The China-based delivery operation reported a 53% jump in earnings per share on a 45% rise in revenue, easily topping expectations. The stock had triggered an automatic sell rule in late July, pulling back more than 8% below a 21.80 buy point.

Booking Holdings, owner of Agoda.com, Kayak.com, and OpenTable, as well as Priceline.com, tanked nearly 8%. Second-quarter revenue and earnings growth topped forecasts, but third-quarter earnings guidance came in below analyst targets.

Diamondback Energy ( FANG) fell 6.1% after missing second-quarter earnings targets. Viper Energy ( VNOM) jumped 3.7%. Its second-quarter operating income and EPS soared past analyst forecasts. Occidental Petroleum ( OXY) dipped 2.4% on mixed second-quarter results.

Rite Aid tumbled11.5% after suddenly scrapping a $24 billion merger attempt with Boise, Idaho-based grocery chain Albertsons. The decision was mutual, the companies said, as major shareholders opposed the deal ahead of a vote to approve the transaction. Rite Aid had issued a profit warning on Monday.

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The post Stocks Open Flat: Monster Leads, Booking Holdings Lags On Nasdaq appeared first on Investor's Business Daily.


51. Dow Futures: Roku Soars To Buy Zone; This Breakout Stands Out Vs. Apple, Alphabet, TeslaЧт., 09 авг.[−]

Dow futures edged lower Thursday morning, along with S&P 500 index and Nasdaq futures. Streaming media IPO stock Roku ( ROKU) soared on earnings, joining recent breakouts Apple ( AAPL), Alphabet stock, Tesla stock and Paycom stock. Earlier, software maker Bandwidth ( BAND) broke in strong volume. But unlike Apple stock and Roku stock, Bandwidth stock didn't move on earnings or other news.

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Dow Futures Today

Dow futures fell 0.1% vs. fair value. S&P 500 futures were just below break-even. Nasdaq futures were slightly lower.

On Wednesday, the Dow Jones fell 0.2%. The S&P 500 index edged lower. The Nasdaq composite rose a fraction. The S&P 500 index and Nasdaq composite are within 1% of record highs. The Dow Jones is about 4% off.

Roku Stock Streams To Buy Point

Roku earnings results were better than expected, with a break-even quarter defying views for a loss. Revenue rose more than expected. Roku earnings and revenue guidance also were bullish.

Best known for its eponymous streaming devices, Roku is relying on advertising and related services for growth.

Roku stock popped 11% to 52.50 early Thursday, signaling a move above a 51.92 handle buy point in a deep cup base. Roku stock came public at 14 a share last September.

Keep in mind that overnight trading, from Roku stock to Dow futures, doesn't necessarily translate into market action in the next regular session.

From Apple Stock To Zoetis Stock, Earnings Driving Breakouts

Using MarketSmith to go over recent growth stocks breaking out into buy zones, virtually all of those moves came on earnings days. A couple of exceptions, Bank of America ( BAC) and Union Pacific ( UNP), were small, sluggish volume moves that hardly screamed "breakout." Google parent Alphabet ( GOOGL) initially broke out in so-so volume but didn't really make much progress until its late-July earnings report.

There's nothing wrong with earnings-driven breakouts. After all, earnings ultimately drive share prices. Better-than-expected Apple ( AAPL) earnings, a sixth straight quarter of accelerating revenue growth and bullish guidance are a good reason for the iPhone maker to blast out of a base. Paycom ( PAYC), Five9 ( FIVN), PerkinElmer ( PKI), Zoetis ( ZTS) and more all had deservedly powerful moves.

(Tuesday's Tesla ( TSLA) spike is a little different. Tesla stock rallied on CEO Elon Musk saying he wants to take the company private. With a stock breaking out on takeover speculation, further upside might be limited if a deal happens. Shares could plunge if a deal doesn't occur. Tesla stock shot up 11% on Tuesday, just clearing a 373.34 cup-base buy point. But shares fell 2.4% on Wednesday to 370.34, amid reports that the SEC is probing Tesla over Musk's tweets.

Why No-News Breakouts Are Good News

Still, it's healthy for a stock market to not rely so much on earnings reports for breakouts.

  • In the weeks ahead of earnings season, the market was rallying but breakouts were scarce and often came in light volume.
  • A no-news breakout shows the importance of stock charts, which hold a lot of information about the company and investor psychology.
  • No-news breakouts usually will go through the buy point, making it to get into a top stock at an ideal time. Earnings-related breakouts can gap well above the classic buy point, which can trigger a breakaway gap entry. Keep in mind that shares often have big swings on the full day after earnings are released.
  • If a stock only makes powerful moves on earnings, that can lead to sideways action. That can make it hard to hold a stock for the long term. Holding a modest post-earnings gain until the next quarterly report, with the potential for a big negative reaction, is a tough decision. Apple stock in recent quarters has tended to rally on earnings for a few days or weeks, then go sideways until the next profit result.

Bandwidth Stock Breakout

Bandwidth stock leapt 8% to 43.70 in triple-normal volume Wednesday, blasting past a 40.93 entry. Shares are now slightly extended from the 5% chase zone.

Bandwidth's platform lets enterprises create and operate voice or text communications services across a mobile application or connected device.

Last week, Bandwidth delivered strong earnings and guidance, sending shares jumping above their 50-day line.

What drove Wednesday's move? It could be a delayed reaction to larger rival Twilio ( TWLO), which skyrocketed to a new high Tuesday on a surprise profit.

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52. Stock Market Closes Little Changed, But This Sector Takes A BeatingСр., 08 авг.[−]

The stock market closed flat Wednesday, but the Nasdaq composite eked out a gain to extend its win streak to seven sessions.

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The Nasdaq added less than 0.1%, holding on to a gain even after indexes slid in the closing moments. Its close at 7888 left the index just a fraction away from the prior high at 7933 three weeks ago. The S&P 500 eased a fraction, ending a four-day win streak.

The Dow Jones industrial average fell 0.2%. Walt Disney ( DIS) dragged the industrials as the entertainment giant fell 2% following its earnings report. Disney's sales and earnings missed expectations, sending the stock back near a previous 113.29 buy point in a flat base.

Nike ( NKE), another Dow component, rose above the 81.10 buy point of a flat base. But volume was lackluster and the relative strength line did not match the stock's move to new highs.

Small caps were nearly flat also, with the Russell 2000 off slightly. The index held above its 50-day moving average, which is providing some direction.

The energy sector was a big drag on Wall Street as the price of crude oil fell 3% to $66.94 a barrel. That's the lowest close since June 21 for U.S. crude.

Traders blamed oil's fall partly on a new skirmish in the trade war between the U.S. and China. In retaliation for a 25% U.S. tariff on Chinese imports, Beijing finalized another $16 billion in tariffs on U.S. imports.

SPDR Energy ( XLE) was one of the weakest sector ETFs Wednesday, down 0.7%. Utilities, consumer staples and real estate also lagged. Pharmaceutical, banking and semiconductor stocks led the market.

Among breakouts of note, Boot Barn ( BOOT) kicked up 15% and cleared the 25.55 buy point of a cup with handle. The footwear retailer beat profit expectations late Tuesday. Volume was heavy and the relative strength line edged to a new high. That's favorable for the breakout. Boot Barn is today's IBD Stock Of The Day.

New issue Bandwidth ( BAND) surged past the 40.93 buy point of a lopsided cup base. The digital communications technology company's RS line also made a new high. Shares closed too extended from the buy area, which topped out at 42.98.

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The post Stock Market Closes Little Changed, But This Sector Takes A Beating appeared first on Investor's Business Daily.


53. Google Owner Defies Stock Market Blues As This Internet Stock Goes En FuegoСр., 08 авг.[−]

Internet shares outshone the major indexes in listless trading on the stock market today. Despite the small declines, Wall Street remains in a confirmed uptrend.

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Meanwhile, Google owner Alphabet ( GOOGL) stormed higher and continued to exercise market leadership.

At 3 p.m. ET, the web-advertising and driving-technology firm rose nearly 0.7% and hit a session high of 1,271.72. That rally extended a gain past a 1,201.59 handle entry in a double bottom base to more than 5%. Thus, the megacap tech is exiting the 5% proper buy zone.

Match Group ( MTCH) roared more than 18% higher after torching Wall Street estimates with a 156% jump in second-quarter earnings to 41 cents a share. That smashed the consensus view by more than 17%. The operator of multiple online-dating websites scored a 36% rise in revenue to $421.2 million.

That top-line increase matched a 36% increase in Q1. It also represents acceleration in year-over-year growth.

In the prior four quarters, Match.com's revenue grew 15%, 12%, 19% and 29%.

The Nasdaq composite traded near breakeven. At times the leading equities index has risen a touch higher after being down only 0.2% in early morning trading. The S&P 500 was virtually flat; dairy, department store, managed care, TV, internet content, medical software and airline stocks each rose 1% to offset sharp losses in tobacco, tire, international oil and gas exploration, movie, leisure services and specialty steel alloy names.

The Dow Jones industrial average edged 0.1% lower. Only five of the 30 components fell 1 point or more, including Walt Disney ( DIS).

The Innovator IBD 50 ( FFTY) exchange-traded fund lost 0.6% to 35.80. On Tuesday, the growth stock-oriented ETF rallied for the fifth time in six sessions, but failed to rebound above the key 50-day moving average. Innovator IBD 50 is up 7.9% year to date, vs. a 7% lift by the S&P 500, excluding dividends.

The ETF rose 34% in 2017.

A Match With The Bulls

Going back to Match, the stock vaulted above its downward-sloping 50-day moving average and now stands less than 6% below a 52-week peak of 48.65.

While the stock may appear to have busted out of a double-bottom base, it would be a flawed one. Why? The recent low of 35.20 did not undercut the base's first low of 33.48.

Internet Stocks And Stock Checkup

Thus, Match continues to work on the right side of its somewhat awkward-looking base. One may see the recent decline as a long handle on the cup base, enabling a buy point of 44.63. Match is trading around 3% above that entry and thus would be in buy range. However, the handle is excessively deep at 21%.

Keep in mind that the relative strength line is spiking higher but is far from eclipsing the earlier high seen at the start of Match's base-building period.

According to IBD Stock Checkup, the up/down volume ratio for Match.com is neutral at 1.0. Watch to see if this ratio bullishly climbs above 1.0.

Match also holds a respectable 93 Composite Rating, ranking 5th within IBD's Internet-Content group. Longtime IBD 50 member Grubhub ( GRUB), Alphabet's two share classes with the tickers GOOG and GOOGL, and Momo ( MOMO) hold higher Composite scores. A 47th ranking for Match's internet content group among 197 IBD industry groups for six-month relative performance also means that Match is in good company.

Grubhub, the leading mobile and online food ordering service, has now risen 21% past a double-bottom base with a 105.78 buy point. This means that some investors who bought at the recent correct breakout point could opt to sell some shares and land a nifty gain. Taking gains at 20% to 25% frees up cash to buy other new promising stock leaders.

The Chicago-based tech firm ranks No. 2 within the IBD 50.

Momo is building a new base. The Chinese social network focuses on video sharing. Momo rallied out of a deep and large cup with handle at 40.55 and ramped up 33% before giving back all of those gains in the past two months.

That kind of wild round-trip of profits further justifies IBD's offense-style sell rule.

Supernus Sinks On Sales Miss

Elsewhere, Supernus Pharmaceuticals ( SUPN) sank 11% and touched its 200-day moving average after reporting Q2 results. While earnings grew a stellar 78%, revenue of $99.5 million, while up 31%, missed Wall Street views. Sales had grown at a clip of 42% to 57% on a year-over-year basis in the prior four quarters.

Therefore, the 31% increase represents mild growth deceleration.

Supernus is testing buying support at the long-term 200-day moving average. See the 200-day line in black in all MarketSmith charts.

HR software play Workday ( WDAY), a member of IBD Leaderboard, rallied more than 1% to 134.77, rising further back above an aggressive entry point near 129 in an unusual shakeout + 3 pattern.

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

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The post Google Owner Defies Stock Market Blues As This Internet Stock Goes En Fuego appeared first on Investor's Business Daily.


54. Stock Market Stays Calm, But Win Streak Could Be In JeopardyСр., 08 авг.[−]

Stock indexes appeared poised for a pause Wednesday, as the Nasdaq win streak stood in jeopardy. Indexes vacillated between thin gains and thin losses. Meanwhile, the day's biggest losers were tobacco and safety security.

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The S&P 500 and the Nasdaq each inched up 0.1%, while the Dow Jones industrial average trimmed 0.1%. The small cap S&P 600 also eased 0.1%.

Volume dropped on both major exchanges.

In the tobacco stock group, Turning Point Brands ( TPB) gapped down 11% in heavy volume. The snuff and chewing tobacco maker reported quarterly results. Adjusted earnings popped 43% but missed estimates by about 4%, according to William O'Neil + Co. calculations.

Most other tobacco stocks also fell.

In the safety security group, Axon Enterprise ( AAXN), formerly known as Taser International, plunged 15%. Earnings came in Tuesday at 18 cents a share, which topped views by 350%. It wasn't clear why the stock reacted negatively, but Axon has had a sharp run-up over the past five months. The stock broke out in February and in late July was up as much as 172%.

Upscale apparel marketer Michael Kors ( KOR) posted the day's second biggest percentage gain in the S&P 500. Kors rose 5% in heavy volume. The top gainer in the S&P 500 was specialty chemical maker Albemarle ( ALB), up almsot 6%.

Among Nasdaq stocks, electric car maker Tesla ( TSLA) was fighting to hold above a 373.83 buy point in a cup base.

Trade News

China said Wednesday that it would slap 25% tariffs on $16 billion in U.S. imports. President Trump hit China with similar tariffs Tuesday. The U.S. stock market's small moves Wednesday in declining volume suggested the China news was neither a surprise nor a big concern for now.

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

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The post Stock Market Stays Calm, But Win Streak Could Be In Jeopardy appeared first on Investor's Business Daily.


55. Stocks Fall As Trade War Heats Up; This Top Growth Stock Breaks OutСр., 08 авг.[−]

The stock market was mildly lower in morning trade Wednesday, as the major indexes looked set to snap recent win streaks. China retaliated with pledges of new tariffs on $16 billion worth of U.S. goods. Top growth stock Michael Kors ( KORS) is breaking out above a potential entry, while blue-chip stock Disney ( DIS) was still in buy range after its disappointing earnings results. (For updates on this story and other market coverage, visit the Stock Market Today.)

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All three major indexes were quietly lower in early trade. The tech-heavy Nasdaq and S&P 500 moved down less than 0.1% apiece, while the Dow Jones industrial average fell 0.2%.

Among the Dow stocks, Disney traded down 1% and is in the 5% buy range from a flat base's 113.29 entry. The company reported disappointing fiscal-Q3 results late Tuesday. Meanwhile, CEO Bob Iger discussed the upcoming Disney-centric streaming platform, which will be priced substantially below Netflix ( NFLX).

Meanwhile, Leaderboard stock Apple ( AAPL) trimmed early losses to trade flat and remains out of buy range of a 194.30 flat-base entry. The 5% buy range tops out at 204.02, but it's best to buy as close to the buy point as possible.

Among companies reporting earnings, IBD 50 stock Jazz Pharmaceuticals ( JAZZ) fell 3% on weaker-than-expected full-year profit guidance. The stock is forming a flat base with a 184.10 buy point. Shares were testing their 50-day line in early trade.

Fellow IBD 50 name Supernus Pharmaceuticals ( SUPN) reversed from early gains to fall over 6% after its Q2 earnings and sales topped the Street's targets. Shares found resistance at their 50-day line within a basing pattern that began in early July.

Electric automaker Tesla ( TSLA) reversed from early losses to rise 0.6% Wednesday. Shares are back above a 373.83 cup-shaped base entry. On Tuesday, the stock surged 11% amid talk from CEO Elon Musk of taking the company private at $420 per share.

Inside The IBD 50

Among the top growth stocks, Michael Kors ( KORS) advanced almost 7% after its better-than-expected fiscal-Q1 results. The stock is right at a 70.10 buy point. The 70 price marks a resistance level that has given the stock trouble since early February.

On the downside, Zebra Technologies ( ZBRA) declined nearly 4% to trade just above a 161.82 cup-shaped base entry. The stock soared to a breakout Tuesday after its strong earnings results.

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The post Stocks Fall As Trade War Heats Up; This Top Growth Stock Breaks Out appeared first on Investor's Business Daily.


56. Stocks Dip On Trade War Chatter; CVS Health Backstops S&P 500Ср., 08 авг.[−]

Stocks opened to tight losses Wednesday, as investors assessed fresh trade war chatter and early earnings news.

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China announced a new round of trade tariffs Wednesday, responding to a U.S. escalation of tariffs on Tuesday. Earnings results showed Applied Optoelectronics ( AAOI) poised to be the big early winner. 3D Systems ( DDD) and Endo International ( ENDP) also chalked up big premarket moves on earnings results. On the big-cap side, CVS Health ( CVS), Albemarle ( ALB) and Michael Kors ( KORS) climbed on a positive second-quarter report. Walt Disney ( DIS) slipped after reporting mixed results late Tuesday.

Losses were mild across the board, with the Dow Jones industrial average, the Nasdaq Composite and the S&P 500 all down less than 0.1%.

On the Dow, Disney dropped 0.6%, while Caterpillar ( CAT) took a 0.8% dive. Albemarle, Michael Kors and CVS Health led the S&P 500. Drugmakers were under early selling pressure, with Mylan ( MYL), Regeneron ( REGN) and Amgen ( AMGN) posting the largest declines among Nasdaq 100 stocks.

The Dow and S&P 500 are now midway through their sixth straight weekly advances — the longest run for each since last year's September-to-November rally. The Nasdaq has climbed for six consecutive days since rebounding from support at its 50-day moving average. The index has not managed a seven-day run-up since March.

Trade War Chatter, Record Bond Auction

China's markets ended on a mixed note Wednesday. The Shanghai Composite dropped 1.3%, while Hong Kong's Hang Seng added 0.4%, as the Trump administration was set to launch the next round of China tariffs on Aug. 23. A statement from U.S. Trade Representative Robert Lighthizer said Tuesday the U.S. was preparing to launch 25% tariffs on 270 China-made products, totaling imports of $16 billion into the U.S. each year.

Chin'a Ministry of Commerce said Wednesday it would respond in kind to the increased U.S. tariffs. China will also implement 25% tariffs on U.S. made imports totaling $16 billion per year. The ministry said that targeted goods would include oil and automobiles.

The news helped send Europe's markets back into mixed action in afternoon trade. London's FTSE 100 maintained a 0.8% gain. Frankfurt's DAX clung to a fractional advance, while the CAC-40 in Paris slipped 0.2%.

Bonds were steady, with the 10-year yield holding at 2.97% as the Treasury prepared to auction a record $26 billion in 10-year notes. The Treasury increased its debt sales by $26 billion in July, and is upping the ante to $30 billion in August. A decrease in bond prices could lift the yield to 3% during the auction, circumstances not seen since 2011.

CVS, Michael Kors Rise; 3D Systems Soars

Applied OptoElectronics rocketed 19%, and Endo International bolted 17% higher on earnings results. Endo shares finished Tuesday up 138% since April.

CVS Health swung more than 5% higher, as pharmacy volumes helped drive second-quarter sales and earnings above analyst expectations. Continued reimbursement price improvements also helped pharmacy results, the company said, while generic introductions pressured results. CVS shares are attempting to form a bottom in a deep, three-year consolidation.

Charlotte, N.C.-based Albemarle scaled up 6%. The world's largest lithium producer broadly topped analyst targets for the second quarter. Lithium sales rose more than 30%, vs. a 16% gain in overall revenue. Management hoisted full-year earnings and revenue guidance past consensus views.

Fashion house Michael Kors stepped up 5.1%. The Hong Kong-based apparel maker posted a big fiscal first-quarter earnings beat, but its second-quarter earnings and revenue outlook was below analyst targets. Kors stock has held solid support at its 10- and 40-week moving averages, but has been unable to top resistance near 70, since February.

Printing leader 3D Systems churned out an 28% opening gain. The Rock Hill, S.C.-based company reported better-than-expected second quarter results and a precision machine-parts partnership. Shares as up 96% from a May low.

Netherlands-based Mylan crumbled 8% at the starting bell. The generic drugmaker reported second-quarter shortfalls on both its revenue and earnings lines. The loss pulled shares back below their 10-week moving average, to retest lows from July.

Beacon Roofing ( BECN), Hostess Brands ( TWNK) and laser manufacturer Cutera ( CUTR) took some of the premarket's hardest hits, down more than 10% each.

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The post Stocks Dip On Trade War Chatter; CVS Health Backstops S&P 500 appeared first on Investor's Business Daily.


57. Dow Jones Futures: Tesla Falls Below Buy Point As These Top Stocks MoveСр., 08 авг.[−]

Dow Jones futures were little changed early Wednesday, along with S&P 500 futures and Nasdaq futures. The major stock market averages were near record highs. Tesla ( TSLA) remained active overnight after surging on CEO Elon Musk's tweet that he may take the company private. Tesla stock dipped back below a buy zone in the premarket, but its risk-reward dynamic has changed. Snapchat parent Snap ( SNAP) whipsawed on its Q2 results that added to user concerns at Twitter ( TWTR) and Facebook ( FB) user growth. Match Group ( MTCH), Shutterfly ( SFLY) and Applied Optoelectronics ( AAOI) were three big winners overnight.

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Dow Jones Futures Today

Dow Jones futures were just above break-even vs. fair value. S&P 500 futures were flat. Nasdaq 100 futures lost a fraction.

In the latest Trump trade war step vs. China, the U.S. will impose 25% tariffs on $16 billion worth of Chinese goods on Aug. 23, the U.S. Trade Representative said late Tuesday. That follows tariffs on $34 billion in Chinese goods on July 6, followed by dollar-for-dollar retaliation by Beijing. President Donald Trump also is mulling 25% tariffs on a further $200 billion in Chinese goods.

In Tuesday's session, the Dow Jones rose 0.5% while the S&P 500 index and Nasdaq composite advanced 0.3%. The S&P 500 index and Nasdaq composite are less than 1% from record highs. The Dow Jones is within 4%.

Tesla Stock

Shares of the electric vehicle maker remained active overnight, currently down 1.8% to 372.75. In Tuesday's stock market trading, Tesla stock skyrocketed 11% to 379.57, after Tesla CEO Elon Musk tweeted out that he wanted to take the company private at 420 a share, claiming he had "secured" funding. Shares shot up as high as 387.48 intraday, nearly eclipsing the Sept. 18, 2017, peak of 389.61.

Tesla stock surged past a 373.43 cup-base buy point in massive volume on Tuesday, though it was dipping below that entry in Wendesday's premarket. But it rose on buyout speculation. If the Tesla does go private at 420 a share, that's a 10.7% premium to Tuesday's close. But that also means the reward from buying Tesla stock at this point is capped. On the downside, if Elon Musk chooses not to take Tesla private, the stock likely would give up its buyout-buzz gains very quickly, with the possibility that the selling wouldn't stop there.

Keep in mind that a Tesla buyout would be the largest in history. At 420 a share, it would be $72 billion excluding debt. Buyouts often involve profitable companies with decent cash flow, not a money-losing enterprise with dwindling cash. Despite Elon Musk's claim of "secured" funding, does Tesla have the necessary financial backing? And it's unclear if Elon Musk's vow to let ordinary Tesla stock holders keep their shares as a private company could work.

Of course, the buyout price could be higher to win over shareholders, especially if Tesla stock rallies on its own accord beyond 420.

Bottom line: Tesla stock, for now, likely will rise and fall on go-private rumors and news. That creates more uncertainty and alters the risk-reward dynamic.

Snap Stock

Snapchat parent Snap stock soared in initial after-hours trading, then reversed sharply lower. It was down about 1% in the premarket. Shares are more than 50% below their record high set in March 2017, on their second day of trading.

Snap reported higher revenue and a smaller loss than expected. But Snapchat users actually declined vs. Q1.

While Snap likely can monetize its existing Snapchat user base better, stalling levels are not a good sign. Snap's woes also follow similar problems at Twitter and Facebook, raising concerns that social media growth may be stalling.

Twitter on July 27 reported its own active users dropped vs. Q1 as it suspended fake and suspicious accounts. Twitter user levels likely will fall in the current quarter as well. The surprise user drop and guidance sent Twitter stock plunging 20.5% on July 27 and 8% the following session.

Facebook users continue to rise, but missed some growth metrics. Facebook stock plunged 19% on July 26, though that was largely to do with a revenue miss and weak guidance.

Match Group Stock

Match Group earnings and revenue beat forecasts, fueled by strong Tinder app growth. Shares shot up 14% to 44.72 early Wednesday, signaling a big move back above the 50-day moving average. Match stock is working on a 48.75 buy point.

Shutterfly Stock

Shutterfly earnings came in at 38 cents a share, much better than expected. Revenue shot up 120% to $443 million. Shutterfly stock spiked 9% early to 91.10. Shares have been trying to break a downtrend since peaking at 100.34 on June 5. Shutterfly stock could be starting to build the right side of a base, with a potential entry of 100.44.

Applied Optoelectronics Stock

Applied Optoelectronics earnings of 64 cents a share easily beating views for 44 cents. Revenue fell 25% to $87.8 million but also beat comfortably. Applied Optoelectronics stock roared 23% in the premarket. Shares should vault above its 50-day line once again after finding support at their 200-day recently.

Applied Opto stock is well off highs and the fundamentals are still weak. But this could be the start of a rebound. More broadly, Applied Opto follows positive results from fellow optical components plays Acacia Communications ( ACIA) and Neophotonics ( NPTN).

On Wednesday morning, Lumentum Holdings ( LITE) reported strong results, lifting its shares. Lumentum is another optical components firm, though it's also been winning Apple ( AAPL) business for its 3D sensors tech.

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The post Dow Jones Futures: Tesla Falls Below Buy Point As These Top Stocks Move appeared first on Investor's Business Daily.


58. Stock Market Closes Higher As Tesla Adds Drama In Final HoursВт., 07 авг.[−]

The stock market closed higher Tuesday, as big news on Tesla ( TSLA) gave the market some suspense in the afternoon.

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The Nasdaq climbed 0.3% to make it six straight gains. The S&P 500 added 0.3% also for its fourth straight win. The Dow Jones industrial average not only led with a 0.5% increase, but the industrials made the highest close since Feb. 26.

Small caps kept up as the Russell 2000 rose 0.3%. The index added some more room above its 50-day moving average, where the Russell 2000 went through a period of hesitation the past couple of weeks.

Volume rose on the NYSE and fell on the Nasdaq from Monday's levels, according to unconfirmed data.

Tesla stood out in afternoon trading, when shares of the electric-car maker were halted starting around 2 p.m. ET for a news release. The company issued a statement at 3:30 p.m. confirming that CEO Elon Musk is considering taking the company private but a final decision has not been made. Earlier, Must tweeted that he was considering taking the company private at $420 a share.

Tesla shares broke out of a cup-type base after trading resumed at 3:45 p.m., clearing a 373.83 buy point. The stock rose more than 7% before trading was halted and closed 11% higher.

Fragmented Leadership

Just like on Monday, market leadership was fragmented. Machinery, leisure and metals posted some of the best gains. Biotechs and pharmaceuticals also outperformed the broad indexes.

Earnings reports continued to spark big moves, including some breakouts.

Renewable Energy ( REGI) flew past a flat base after the company beat Q2 earnings expectation. The stock gapped past the 18.55 buy point in heavy trading. The company specializes in alternative fuels, namely bio-fuels made from greases, oils or sugars.

Five9 ( FIVN) gapped to a new high, clearing a flat base. The cloud-based customer management software firm breezed past profit estimates. The stock is extended from the 39.65 buy point. Volume was more than five times its average and the relative strength line made a new high as well. Those are traits that reinforce the breakout.

Etsy ( ETSY) surged 15% at the open on a mixed earnings report, and rose above the 45.98 buy point of a flat base. But shares erased most of the gain, closing only 3% higher. The online arts and crafts marketplace is on IBD Leaderboard.

Zebra Technologies ( ZBRA) beat sales and earnings expectation for Q2 and raised guidance for the September quarter. The merchandise-tracking systems maker broke out of double-bottom base with a 150.76 buy point. Volume was about four times more than normal.

But Weight Watchers ( WTW) gapped sharply below its 50-day line in big volume after the company beat Q2 expectations, but revenue fell short as subscriber growth slowed. The sell-off was a blow for an industry group that had climbed to the top five of 197 groups.

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59. Blue Chips Lead, As Nasdaq Aims For Sixth Gain In A RowВт., 07 авг.[−]

U.S. stock indexes advanced confidently Tuesday afternoon, as electric car maker Tesla ( TSLA) and asset-tracking firm Zebra Technologies ( ZBRA) gave extra boosts to their groups.

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The Nasdaq added 0.4%, while the S&P 500 and the Dow Jones industrial average rose 0.4% and 0.6% respectively. Small caps trailed with the S&P 600 up 0.2%.

Volume in the stock market rose on the NYSE but was essentially flat on the Nasdaq.

Tesla gained 7% in fast trade. Shares were halted after founder Elon Musk tweeted that he was "considering taking Tesla private at $420."

Meanwhile, Zebra gapped up 14% on earnings that topped the consensus estimate by 11%.

Blue chips led the indexes as six of the 30 Dow components rose 1% or more. Caterpillar ( CAT) rumbled 2.4% higher; Exxon Mobil ( XOM), 1.4%; American Express ( AXP), 1.3%; Boeing ( BA), 1.4%; 3M ( MMM), 1.2%; and Nike ( NKE), 1.2%.

Innovator IBD 50 ( FFTY), an exchange traded fund that reflects the IBD 50, coasted 0.8% higher. Innovator recently found support at its 200-day line but hasn't been able to retake the 50-day line.

Breakouts

Breakouts picked up as IBD's pattern-recognition technology spotted 22 breakouts.

Stocks breaking out that carried reasonably good IBD ratings, though not necessarily top notch, included climate control equipment maker Lennox International ( LII); staffing firm Korn Ferry International ( KFY); financial research firm FactSet ( FDS); Oasis Petroleum ( OAS); customer service software provider Five9 ( FIVN); biodiesel firm Renewable Energy ( REGI); oil refiner PBF Energy ( PBF); Burger King operator Carrols Restaurant Group ( TAST); handmade goods retailer Etsy ( ETSY); and consumer loans provider Santander Consumer USA ( SC).

Optimism Gauge

The IBD/TIPP Economic Optimism Index rose to a reading of 58 in August, up from the previous reading of 56.4 in July. This marked the 23rd consecutive month in positive territory.

A reading above 50 signals optimism. A reading below 50 points to pessimism.

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60. 11 Blue Chips Drive Dow Jones Higher; How Apple Can Hit $1.25 Trillion In Market CapВт., 07 авг.[−]

As many as 11 blue chips gained 1 point or more to help drive the Dow Jones industrial average to a gain of 0.6% amid bullish afternoon trading in the stock market today.

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Meanwhile, Tesla ( TSLA) jumped 7% before trading on the Nasdaq got halted on news that CEO Elon Musk is ready to take the electric vehicle pioneer private. Trading near 367, Tesla has a current market value of $62 billion.

Apple ( AAPL) wasn't one of those 11 components within the 30-stock Dow Jones industrials to rally sharply. Yet a thin loss of less than 0.8% to 207.42 for the iPhone and Apple Watch marketer proved less than a door ding to its impressive six-day winning streak. The streak sent the largest company by market value into the rarefied air of $1 trillion.

The Dow Jones industrials enjoyed solid gains by Caterpillar ( CAT), Goldman Sachs ( GS), UnitedHealth ( UNH), Chevron ( CVX) and Walt Disney ( DIS), each up 1 point or more. At the day's high so far of 25,692, the blue-chip index hit its highest level since Feb. 27. Media giant Disney reports results after the close.

Cat is struggling to lift back above the falling 50-day moving average and stands 17% below a 52-week high of 173.24. Home Depot is crafting a new base, a six-month shallow cup with handle that right now furnishes a 204.35 proper entry point.

Please read this IBD New Highs story on how Disney has cleared a correct buy point and is rising solidly ahead of its fiscal Q3 results.

At 2 p.m. ET, the S&P 500 and the Nasdaq composite rose roughly 0.4%.

Small caps briefly rallied in lockstep with their larger brethren, but began to trail. The Russell 2000 gained nearly 0.3%.

Volume is running lower vs. the same time Monday on the Nasdaq and higher on the NYSE.

Apple, The Ultimate Blue Chip?

Going back to Apple, it's already well known now that the consumer electronics giant has successfully posted another quarter of double-digit earnings and revenue increases. Warren Buffett, the value-oriented mega-investor, owns a ton of shares. And Apple, trading at 19 times earnings over the past 12 months, may still look like a "bargain" for certain institutions.

Yet the real reasons for a continued potential rise in the megacap tech include the company's commitment to innovation, continued solid earnings estimates, delivering shareholder value, ambitious goals to take market share, and growing sales across the world.

Tim Cook, Apple's CEO, noted that his team is "very excited about the products and services in our pipeline." This comment likely points to new versions of Apple's super-popular products including the iPhone X, the HomePod smart speaker and the cellular telecom-enabled Apple Watch.

Meanwhile, CFO Luca Maestri noted that in the June-ended quarter Apple returned almost $25 billion to investors through share buybacks and cash dividends. The current annualized dividend yield for Apple is 1.4%.

In other words, the company, which now has a user base of 1.3 billion active devices, is on the path of making good on its pledge to return $100 billion in capital to investors. That's a sizable buyback program, roughly 10% of the company's total market value of $1 trillion.

Wall Street, meanwhile, has ratcheted its profit estimates for the Cupertino, Calif., firm higher. Analysts on on consensus see earnings rising 27% to $11.73 for FY 2018, ending in September, and another 16% to $13.55 in FY 2019.

The Road To $1.25 Trillion

Apple is now up more than 15% past a 179.04 proper buy point in a seven-week perfect double-bottom base. The stock also went on to form a new base-on-base pattern that shows a roughly seven-week flat base containing a 194.30 buy point. This forms when a stock breaks out of a primary base, but does not rise 20% from the correct buy point before forming a brand-new base.

The Nasdaq-listed company would need to reach the $253-$254 price level to hit $1.25 trillion in market cap, based on 4.926 billion diluted shares outstanding as of June 30.

According to IBD Stock Checkup, Apple now shows a top-shelf 99 Composite Rating on a scale of 1 to 99. That certainly wasn't the case back in Jan. 6, 2017, when Apple initially cleared a bottoming base in the form of a first-stage cup with handle.

The Composite Rating combines IBD's proprietary Earnings Per Share Rating, Relative Price Strength Rating, SMR Rating (for sales, margins, and return on equity), Accumulation/Distribution, and recent stock price action.

Savvy growth investors prefer to focus on those growth companies that are poised to break out from a solid-looking base and generally have EPS and RS ratings of 80 or higher. In some cases, certain successful turnarounds will show ratings lower than 80 at the breakout try.

Techs Break Out

Meanwhile, a handful of software and hardware tech stocks showed strength and good breakouts following quality earnings results. They included Five9 ( FIVN) (up as much as 25% to 44.07, surpassing a 39.65 cup entry); Twilio ( TWLO) (soaring 22% to as high as 77.31, gapping well past a 65.47 entry in a gigantic cup with handle); RingCentral ( RNG) (up as much as 10% to 90.05, retaking a prior base buy point of 81.30); and Zebra Technologies ( ZBRA) (rising 17% to 166.50, surging past a 150.76 buy point in a seven-week double bottom).

Ring Central initially broke out of the nine-week base on July 17, but didn't advance much. Then shares dropped sharply below the 50-day moving average and sank more than 8% below the 81.30 entry point. That triggered the automatic loss-cutting sell rule.

However, RingCentral muscled its way back fast in recent sessions. There hasn't been enough time for the expert in business communications software to form a new base. So, the recent action can be viewed as a second breakout attempt.

The Belmont, Calif., firm reported a 90% leap in Q2 earnings to 19 cents a share, smashing the Wall Street consensus forecast by nearly 27%. Revenue picked up 34% to $160.8 million, a quarterly best. That top-line increase also matched the 34% year-over-year increase seen in each of the prior three quarters.

After-tax margin at RingCentral bulged 290 basis points to 10%, also likely a company record. Analysts on consensus see full-year earnings rising 91% to 65 cents a share this year, then another 26% to 82 cents in 2019.

New Blue Chips In The Medical Sector

Jazz Pharmaceuticals ( JAZZ), up more than 2.5% to 181.12, is rising nicely above its 50-day moving average. The leading member of the ethical drug group has been crafting a new flat base since topping at 184.

Jazz reports Q2 results after the close. The Street sees earnings rising 26% to $3.23 a share. That would follow a 4% drop in the year-ago second quarter and EPS gains of 23%, 9% and 29%.

Jazz has joined IBD Leaderboard as a call option play ahead of its earnings announcement.

Elsewhere, WTI crude oil futures edged up 0.1% to $69.09 a barrel. The yield on the benchmark U.S. Treasury 10-year note rose 3 basis points to 2.97%.

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

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The post 11 Blue Chips Drive Dow Jones Higher; How Apple Can Hit $1.25 Trillion In Market Cap appeared first on Investor's Business Daily.


61. Caterpillar Stock Powers Dow Higher; Nasdaq, S&P 500 Flirt With HighsВт., 07 авг.[−]

Caterpillar stock powered the Dow Jones industrial average to a 0.6% gain near midday Tuesday while the Nasdaq composite and S&P 500 drew closer to all-time highs.

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Shares of Caterpillar ( CAT) added 2.5% to 143 even after Stifel Nicolaus lowered its price target to 168 from 174. Walt Disney ( DIS), meanwhile picked up 0.6% to a new high ahead of its earnings report after the close.

In economic news, the IBD/TIPP Economic Index registered its highest reading since June 2004. The Personal Finance component, meanwhile, registered its second-highest reading ever in the nearly 18-year polling history.

The Russell 2000 performed in line with the Dow, up 0.6%; the S&P 500 added 0.3% and the Nasdaq composite picked up 0.2%. Volumes on the NYSE and Nasdaq were tracking about 10% higher than Monday's levels at the same time of day.

Caterpillar Stock Still Broken

Despite Caterpillar's outperformance Tuesday, it remains on a technical downtrend. The stock's 50-day moving average is a potential resistance level to watch.

Elsewhere, earnings winners weren't hard to find Tuesday.

Leaderboard name Etsy ( ETSY) was off session highs but still rose 10.5% to 46.87. Etsy gapped up over a 45.98 flat-base entry as Wall Street cheered another quarter of strong sales growth and bullish sales guidance.

Meanwhile, enterprise software stock Five9 ( FIVN) surged out of an eight-week consolidation, rising 22% to 42.66. It gapped up over a 39.65 entry, but it's a late-stage breakout after an already big price run.

Group peer Twilio ( TWLO) surged more than 20% after the company reported an unexpected profit. Sales rose 54% to $147.8 million.

Zebra Technologies ( ZBRA) gapped above its 50-day moving average and a 161.82 entry. Shares were up 16% to 164.89. The company makes a range of automatic-identification and data-capture products, including bar code scanners. Adjusted profit jumped 64% to $2.48 a share. Sales increased 13% to just over $1 billion.

In the retail space, IBD Sector Leader Five Below ( FIVE) jumped nearly 3% to 103.69. After support at the 50-day moving average, it's trying to reclaim a 104.09 buy point.

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62. Stocks Gain As Record Highs Loom; Top Growth Stock Breaks OutВт., 07 авг.[−]

The stock market held solid gains in morning trade Tuesday as the tech-heavy Nasdaq composite looked to make it six straight up days. Leaderboard stock Etsy ( ETSY) soared to a potential breakout while blue-chip stock Disney ( DIS) was in buy range ahead of its earnings results after the market close. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The Nasdaq moved up 0.3% and is nearing a fresh record high. The Dow Jones industrial average also rose 0.6%, while the S&P 500 gained 0.4%. The S&P 500 is also nearing a record high.

Among the Dow stocks, Disney traded 0.5% higher and is still in the 5% buy range from a flat base's 113.29 entry. The company will report its fiscal-Q3 results after the close. Analysts expect the company's EPS to grow 25% to $1.97 on revenue of $15.49 billion.

Among companies reporting earnings, handmade goods retailer Etsy soared 10% to a breakout above a flat base's 45.98 buy point, according to MarketSmith chart analysis. Shares rose as much as 19% before trimming gains. The stock's breakaway gap offers a chance to buy the stock, but keep in mind that it is a later-stage base.

Weight Watchers ( WTW) lost 15% after its Q2 revenue figures missed the Street's targets and subscriber growth slowed. The stock fell further under its 50-day line, a key support level, in heavy volume.

Expeditors International ( EXPD) stumbled 7% after its Q2 earnings results early Tuesday. The stock ended Monday just below a 78.26 cup-shaped base entry, underscoring the importance of being patient and waiting for the breakout before purchasing a stock. Shares fell through their 50-day line.

Inside The IBD 50

Among the top growth stocks, graphics-chip maker Nvidia ( NVDA) moved up over 1% and is on pace to add to its five-day win streak. Shares regained their 50-day line and are nearing a 269.30 flat-base buy point. The top chip stock will report earnings next week.

On the downside, Toronto-based outerwear retailer Canada Goose ( GOOS) declined more than 1%, as it tested its 50-day line. The luxury parka maker will report its fiscal-Q1 results after the market close Thursday. The stock is over 50% above a cup with handle's 36.76 buy point.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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The post Stocks Gain As Record Highs Loom; Top Growth Stock Breaks Out appeared first on Investor's Business Daily.


63. Dow Jones Leads Stocks Higher As Disney Jumps, Global Markets RallyВт., 07 авг.[−]

Stocks opened to firm gains Tuesday, as earnings reports fired up early trade and a rally in China spilled over into global markets.

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Etsy ( ETSY) broke out of a base, Twilio ( TWLO) bolted to new highs on earnings results. U.K.-based drugmaker Mallinckrodt ( MNK) extended its three-month advance. Weight Watchers ( WTW), Marriott International ( MAR) and Tenet Healthcare ( THC) fell following earnings reports. Illumina ( ILMN) advanced on an analyst upgrade. Biomarin Pharmaceutical ( BMRN) surged, Spark Therapeutics ( ONCE) crashed, as Spark's Q2 report included clinical trial results.

The Nasdaq Composite popped 0.4%, the Dow Jones industrial average muscled up 0.5%. Caterpillar ( CAT) rose 1.9% to lead the Dow. Walt Disney ( DIS) ticked up 0.8% as the company prepares to report its fiscal third-quarter results after the close.

The S&P 500 added 0.3%. Biomarin topped the Nasdaq. Fertlizer giant ( Mosaic) ( MOS) led the S&P 500. Dentsply Sirona ( XRAY) notched the deepest early decline on both indexes.

China's markets charged higher on signs of broader policy support for infrastructure and business. The gains snapped a four-day losing streak in Shanghai, as well as Hong Kong's five-day decline. The Shanghai Composite settled up 2.7%. Hong Kong's Hang Seng Index bolted 1.5% higher. The sentiment carried over into Japan, where Tokyo's Nikkei 225 rallied 0.6%.

Investors in Europe picked up on the mood, sending markets there sharply higher. Frankfurt's DAX rose 0.8% and CAC-40 in Paris rose 0.8% apiece. The FTSE 100 in London rallied 1.1%.

Exxon and Chevron helped boost both the Dow and the S&P 500 early Tuesday, as oil prices leaned toward a second day of gains. West Texas Intermediate traded 0.5% higher, holding above $69 per barrel. WTI rose 0.8% on Monday. Oil prices fell 7.3% in July, their worst month since July 2016. The American Petroleum Institute releases weekly oil supply estimates later today, ahead of official weekly supply data due Wednesday morning.

Etsy, Mallinckrodt, Twilio Spike; Disney Edges Higher

IBD Leaderboard stock Etsy was a clear early winner, up 13%, despite second-quarter earnings that came in at 3 cents a share, missing adjusted views by a penny. Revenue climbed 30% to $132.4 million, beating recently raised views. The arts-and-crafts online retail platform also increased its guidance for the second time in a month.

The opening gain marked a breakaway gap breakout above a flat-base buy point of 45.98. Investors can mark a 5% buy range beginning at the stock's opening price of 49.78.

Twilio soared 17% on a surprise second-quarter profit. Weight Watchers dumped 11% after reporting mixed second-quarter results.

Disney traded higher, following a strong move on Monday and ahead of its earnings report due after today's closing bell. Disney stock is in buy range from 113.29 flat-base entry.

Mallinckrodt rocketed nearly 24% higher after scoring big second-quarter beats on both its revenue and earnings lines. Management also boosted its 2018 EPS guidance to well above consensus views. The Ireland-based drugmaker has climbed in 11 of the past 13 weeks, lifting it 158% since early May. Shares remain deep in a multi-year correction.

Genetic screening tools maker Illumina climbed 1.5%. Morgan Stanley upgraded the stock to equal weight, from underweight and reset its price target at 320, up from 240. Illumina has been carving new highs, following a breakout and May and two rebounds from its 10-week moving average.

Dentsply Dives On Guidance; Spark Unravels On Trial Results

Spark Therapeutics tanked 32%, as uncertainties regarding clinical trial results for its hemophilia gene therapy treatment outweigh a huge profit surprise and a wide beat in revenue growth. The trial results were generally positive, setting the stage for Spark to move its gene therapy treatment forward into late-stage trials. But two patients suffered allergic reactions during treatment, which spooked investors. Biomarin, Spark's key competitor in the race to develop hemophilia gene therapy, jumped 5% in early trade.

Dentsply Sirona took one of the morning's harshest hits, down more than 19%. The dental supplies maker reported Q2 sales and earnings narrowly above expectations, but full-year revenue and earnings guidance missed consensus targets. Shares have been climbing since June, attempting to start up the right side of a deep, seven-month consolidation.

Among Tuesday's other heavy, early losses: drug distributor Owens & Minor ( OMI) dropped nearly 15%. Dean Foods ( DF) showed an 11% decline.

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The post Dow Jones Leads Stocks Higher As Disney Jumps, Global Markets Rally appeared first on Investor's Business Daily.


64. Dow Jones Futures: Etsy Breaks Out, Leading 6 Top Stocks Moving On EarningsВт., 07 авг.[−]

Dow Jones futures rose modestly Tuesday morning, along with S&P 500 futures and Nasdaq futures. Several top stocks were big movers late on earnings, including Etsy ( ETSY), Weight Watchers ( WTW), Twilio ( TWLO), Ligand Pharmaceuticals ( LGND), Turtle Beach ( HEAR) and Five9 ( FIVN). Etsy stock signaled a breakout past a buy point to a new high. Twilio stock blasted to a record high. Five9 stock aimed at an aggressive entry.

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Ligand Pharmaceuticals stock boasts a best-possible 99 Composite Rating, while Etsy stock is at a 97. Five9 stock has a 96 Composite Rating. Turtle Beach stock and Weight Watchers stock weighed in at a 94 CR. Twilio stock has just a 73 CR, but announced a rare profitable quarter, moving ahead of schedule.

Dow Jones Futures Today

Dow Jones futures rose 0.35% vs. fair value. S&P 500 futures were up 0.2%. Nasdaq 100 futures climbed 0.25%. Keep in mind that Dow Jones futures and overnight stock action don't always translate into actual trading in the next regular session.

The Shanghai Composite popped 2.7%, ending a four-day losing streak. Hong Kong's Hang Seng advanced 1.5%.

In Monday's stock market trading, the Dow Jones rose 0.2%, the S&P 500 index 0.35% and the Nasdaq composite 0.6%.

Etsy Earnings Sends Etsy Stock To Buy Zone

Etsy earnings came in at 3 cents a share, missing adjusted views by a penny. Revenue climbed 30% to $132.4 million, beating recently raised views. The arts-and-crafts online retail platform also guided higher for the second time in a month.

Etsy stock shot up nearly 10% to 46.53 in the premarket, signaling a move above a flat-base buy point of 45.98. The IBD Leaderboard stock climbed 2.1% to 42.43 on Monday.

Twilio Earnings

Twilio earnings of 3 cents a share defied Q2 forecasts for a 6-cent loss. The cloud-based multichannel communications software provider has lost money in every quarter aside from a 1-cent gain at the end of 2016. Twilio may be transitioning to profitability a little early. Analysts had expected a break-even Q3 and a 1-cent gain in Q4.

Revenue shot up 54% to $147.8 million, easily beating views and the second straight quarter of accelerating growth.

Twilio stock shot up 16.5% to 73.70, signaling a move past its July peak and its 70.96 all-time high set in September 2016.

Weight Watchers Earnings

Weight Watchers earnings of $1.01 a share easily beat views for 90 cents. The weight-loss company also raised EPS guidance. But revenue of $409.7 million missed views for $412 million.

Weight Watchers stock fell 3.8% early Tuesday. Shares had been fighting for support around its 50-day/10-week lines.

Ligand Pharmaceuticals Earnings

Ligand earnings surged 287% to $2.59 a share with sales blasting 221% higher to $90 million. That crushed views for adjusted Ligand earnings of 67 cents a share on $28 million in sales. The biotech also gave bullish guidance.

Analysts polled by Zacks Investment Research had called for adjusted earnings of 93 cents a share on $60 million in sales.

Ligand stock wasn't active overnight but was indicated higher. The IBD 50 stock hit a record 235.04 on July 19.

Turtle Beach Earnings

The maker of headsets for video game players reported revenue of $60.8 million, up 218% and well above views for $47.9 million. Turtle Beach earnings hit 40 cents a share vs. a 56-cent loss a year earlier. Analysts expected a 2-cent loss.

Turtle Beach stock rose nearly 10% to 33.30 in the premarket. Shares hit a record 32.60 on Friday, but fell 6.1% to 30.35 on Monday.

Turtle Beach stock ended last year at 1.81.

Five9 Earnings

Five9 earnings of 11 cents a share beat views for a 4-cent gain and a year earlier break-even quarter. Revenue climbed 28% to $61.1 million vs. views for $56 million. Five9's earnings and revenue guidance also were raised.

Five9 stock leapt almost 10% to 38.40. That signals a move back above its 50-day line and an aggressive entry of 37.20. Five9 stock has a conventional entry of 39.65.

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65. Stock Indexes Build Cushion Over 50-Day Line; Nasdaq Win Streak At 5Пн., 06 авг.[−]

U.S. stock indexes padded their cushions above the 50-day line Monday, even if the day's leadership was mostly from laggard groups.

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The Nasdaq climbed 0.6%, while the S&P 500 added almost 0.4%. The blue chip Dow Jones industrial average inched up less than 0.2%. Small caps led as the S&P 600 advanced 0.7%.

Volume fell on the NYSE but rose on the Nasdaq, according to early figures.

Small caps rising included Cooper Tire & Rubber ( CTB), up 7% but still 25% off its high; Olympic Steel ( ZEUS), up 7% and only 7% below its high; and smart home software developer Control4 ( CTRL), up 4% and 8% under its high.

Tires, metal products and media software all have six-month relative strength ratings that are either low or middle of the pack. IBD ranks 197 industry groups each day for six-month relative price performance.

On the price-weighted Dow Jones industrial average, Boeing ( BA) dropped 0.5%, but Goldman Sachs ( GS) rose almost 0.8%. Overall, winners in the Dow led losers by a 3-to-1 ratio.

Former leader Chipotle Mexican Grill ( CMG) popped 2% higher in volume 30% above normal. Chipotle is only 1% off its high. Investors shrugged off recent reports of hundreds of people getting sick. Health officials said tests for E.coli, salmonella, norovirus and shigella bacteria came back negative.

Chipotle's stock has been rising after three waves down. But the stock has yet to form a valid base.

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The post Stock Indexes Build Cushion Over 50-Day Line; Nasdaq Win Streak At 5 appeared first on Investor's Business Daily.


66. Nasdaq Spearheads Stock Market Gains; This FAANG Stock Rises Out Of Buy ZoneПн., 06 авг.[−]

FAANG stock Apple continued to act like a true leader among megacaps as the Nasdaq led a decent march ahead in stocks today.

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Apple ( AAPL), which rallied magnificently last week on solid quarterly results, is now extended past two recent buy points, including a base-on-base chart pattern at 194.30.

The Nasdaq composite, a 1% winner last week, rose more than 0.5% in late-afternoon trading. The Nasdaq 100 worked on a fifth straight advance and gained nearly 0.4%.

The S&P 500 lagged the Nasdaq composite, up 0.4%. Sharp drops in gaming software, wholesale food, consumer electronics products and metal ores stocks offset nice gains by wireless telecom, computer networking, heavy construction, auto retail and other industry groups. (See the daily performance among all 197 IBD industry groups by going to the Data Tables section within "Stock Lists" on Investors.com.)

The Dow Jones industrial average edged 0.2% higher.

The Initial Buy Point For Apple

Apple got highlighted in IBD's Stock Market Today and other features in early May when the iPhone, Apple Watch and MacBook giant ran past a 179.04 proper buy point in a well-built double-bottom base. Since then, profits for those investors who bought at the correct breakout point have reached nearly 17%.

Read this Investor's Corner to get to know what a base is, and how it helps investors maximize reward and minimize risk when buying growth stocks.

Arista Rebounds

Arista Networks ( ANET) helped power computer networking gear firms on news that it's reached a technology patent dispute settlement with archrival Cisco Systems ( CSCO). Arista, whose CEO was a former star executive at Cisco, jumped more than 5% and reclaimed its 50-day moving average. Cisco, the seventh largest company by market value on the Nasdaq, rose more than 1%. It too rebounded back above the 50-day line. Cisco shares are still in the early stages of building a new base.

Arista made huge gains after breaking out of a nearly 10-week cup with handle base at 72.01 in August 2016. The stock more than quadrupled in price through February this year.

IBD Stock Of The Day

Meanwhile, crude oil prices rallied sharply, boosting wellhead supplier Cactus ( WHD). The stock gained 3% and hit a session high of 34.75. Houston-based Cactus debuted on the NYSE on Feb. 8 at $19 a share.

Read more about Cactus in this new IBD Stock Of The Day column.

WTI near-term futures rose 0.8% to $69.05 a barrel. At one point, futures hit a session high of $69.92.

New In IBD Leaderboard

PerkinElmer ( PKI) edged less than 0.9% lower in light trade. The stock continues to act well after bursting out of a six-month saucer base with an 84.59 buy point.

At 85.59, PerkinElmer remains within the 5% buy zone following last week's bullish breakout.

The scientific instruments and medical diagnostic products firm joined IBD Leaderboard last week.

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The post Nasdaq Spearheads Stock Market Gains; This FAANG Stock Rises Out Of Buy Zone appeared first on Investor's Business Daily.


67. Indexes Gather Steam As PepsiCo Stock Climbs Past A Buy PointПн., 06 авг.[−]

The Nasdaq was on track for a fifth straight advance Monday afternoon thanks to strength in some techs and in its newest big member, PepsiCo stock.

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Indexes were at session highs around 1:30 p.m. ET as the market extended last week's advances. Buying seemed to pick up around 11:30 a.m. ET. The Nasdaq climbed 0.6% after a rebound in semiconductor and solar stocks provided some leadership.

The S&P 500 climbed 0.4%. It's working on a three-day win streak and topped last week's highs. The Dow Jones industrial average was up 0.2%. (For updates on this story and other market coverage, check Stock Market Today.)

In small caps, the Russell 2000 rose 0.6%. The index is mounting an effort to hold above the 50-day moving average after spending more time below that line than above it over the past week.

Volume was higher on the Nasdaq and lower on the NYSE compared with the same time Friday. The tech sector shared Monday's leadership with telecom, industrial and utilities. Consumer stocks were some of the weakest. Gaming software, RVs, consumer electronics and specialty retail groups were down 0.9% to 1.5%.

PepsiCo ( PEP) broke out of a cup-with-handle base in volume 20% higher than normal. The company announced today that Indra Nooyi is stepping down as chief executive officer in October and will remain chairman until early 2019. Ramon Laguarta, PepsiCo's president, will be the next CEO.

PepsiCo is one of the 10 largest components in the Nasdaq. In December, the snacks and beverages giant moved its listing from the NYSE, where it had been listed for nearly 100 years.

IBD 50 Climbs

The IBD 50 kept up with the main indexes, up 0.5% in afternoon dealings. There were few big moves in the index. Viper Energy Partners ( VNOM) led with a 4.5% surge to new highs. The oil exploration and production company announces earnings Wednesday after the close.

Kemet ( KEM), Align Technology ( ALGN) and Visa ( V) are other IBD 50 stocks worth watching because all three are rising from pullbacks to the 50-day moving average.

For Visa, it's a second pullback after successfully testing the line in late June and early July. Kemet is still slightly below its prior buy point at 25.79, and shares must be above that level if investors are to buy on a rebound off the 50-day line.

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68. Berkshire Stock Gaps Up On Earnings; Dow, S&P 500, Nasdaq Edge HigherПн., 06 авг.[−]

Berkshire stock gapped up Monday on earnings, while shares of Intel ( INTC) and IBM ( IBM) weighed on the Dow Jones industrial average. Major stock indexes weren't moving much as the stock market kicked off the week in quiet fashion.

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Meawhile, Facebook ( FB), Applied Materials ( AMAT) and Workday ( WDAY) outperformed in the Nasdaq 100. Facebook poked above its 200-day moving average, rising nearly 4%, after a recent earnings sell-off. The Wall Street Journal reported that Facebook has asked U.S. banks to share customer data so it can offer banking services to users. Workday, meanwhile, is approaching a handle entry of 137.53.

Near midday Monday, the Dow Jones industrial average was essentially flat, while the Nasdaq composite and S&P 500 edged up around 0.2%. Volume on the NYSE and Nasdaq was tracking close to Friday's levels (for updates on this story and other market coverage, visit the Stock Market Today).

Berkshire Stock On The Move

Berkshire Hathaway ( BRKB) gapped above the 200 price level, rising nearly 4% to 207.70. A strong earnings report was the catalyst, helped by gains in insurance underwriting. After reporting a 9% decline in revenue in Q1, revenue rose 8% in Q2 to $62.2 billion.

In stock market results today, positive analyst commentary lifted shares of Square ( SQ). It rose 2% after Buckingham upgraded shares to buy from neutral and lifted its price target to 85 from 65. Square joined Leaderboard on Thursday after strong earning fueled a nice bounce off the 50-day moving average.

Weight Watchers ( WTW) continued to trade near its 50-day moving average ahead of its earnings report after the close. Shares eased 0.2%. It's the first test of the 50-day line for Weight Watchers after a breakout from a base in May.

In the energy patch, top-rated oil and gas producer Carrizo Oil & Gas ( CRZO) is also near its 50-day moving average ahead of earnings after the close. Shares rose 1.5%. Similar to Weight Watchers, a bounce off the 50-day line for Carrizo would put the stock in a secondary buy zone.

Inside the IBD 50, Viper Energy Partners ( VNOM) jumped 4%. The oil and gas producer had a good week last week, with shares up nearly 7%. Earnings are due Wednesday after the close.

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69. Stocks Mixed As This IPO Stock Jumps On Upgrade, Price-Target HikeПн., 06 авг.[−]

The stock market was quietly mixed in early trade Monday with the Dow Jones industrial average lagging the other major indexes. Dow component Intel ( INTC) fell almost 2%, while hot growth stock and IPO Leader Square ( SQ) advanced about 3% on separate analyst actions. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The tech-heavy Nasdaq composite rose 0.3%, while the S&P 500 traded just above the break-even level. The Dow Jones industrial average lagged with a 0.2% decline.

Among the Dow stocks, Intel slid 2% after Barclays downgraded the chipmaker from overweight to equal weight and reduced the price target from 62 to 53 due to increased competition from rival AMD ( AMD). Intel shares were on pace to snap a five-day winning streak that brought the stock back above the 200-day moving average line.

Among companies reporting earnings, Leaderboard stock Etsy ( ETSY) will report after the market close. Shares are forming a flat base with a 45.98 buy point, according to MarketSmith chart analysis. Analysts expect the retailer to earn 4 cents per share on revenue of $127.1 million. Shares rose 1%.

Payment processor Square ( SQ) rebounded from Friday's heavy loss with a 3% gain after analyst firm Buckingham Research upgraded the name from neutral to buy. The analyst also upped its price target from 65 to 85 — a 24% premium to Friday's closing price.

Chinese e-commerce giant Alibaba ( BABA) fell for a fourth straight day, as support at the 200-day line gave way last week. Shares are trading about 15% off their 52-week high price.

Inside The IBD 50

Among the top growth stocks, Wingstop ( WING) followed up on Friday's earnings-generated breakout with a 2% rise. Shares are out of buy range from the 55.96 flat-base entry.

On the downside, Micron Technology ( MU) fell over 1%, as it continued to form a new base. A previous breakout above a 63.52 cup-shaped base fizzled out and triggered the 7%-8% loss-cutting sell signal.

Get instant access to more trading ideas, exclusive stock lists and IBD proprietary ratings for only $5.

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70. Stocks Slip As Intel Downgrade Crimps Dow, Qualcomm UpgradedПн., 06 авг.[−]

Stocks opened to narrow losses Monday, as oil prices jumped, chip stocks were volatile on analyst actions and overseas market lagged.

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Drugmaker Bluebird Bio ( BLUE) popped in early trade after announcing a development deal with Regeneron Pharmaceuticals ( REGN). Intel ( INTC), Advanced Micro Devices ( AMD) and Qualcomm ( QCOM) were among the chipmakers moving on analyst actions. Among companies reporting quarterly results Monday morning, Jacobs Engineering ( JEC) and Henry Schein ( HSIC) posted some of the widest gains.

The Dow Jones industrial average dipped 0.2% in early trade. Intel fell furthest, down 1.4%, on an analyst downgrade. The S&P 500 and the Nasdaq Composite each gave up 0.1%. Henry Schein led the Nasdaq 100. Henry Schein and Jacobs Engineering topped the S&P 500.

Weight Watchers ( WTW), Twilio ( TWLO), Zillow Group ( Z) and Carrizo Oil & Gas ( CRZO) are among the names scheduled to report after the close.

Markets typically see trading volume fall off in August, through Labor Day, as traders pack the family up for vacation. Earnings reports and trade war news could provide exceptions. But the market enters August's first full trading week in healthy standing, with the Dow and the S&P 500 each sitting atop five-week advances. Trade on the Nasdaq has been more choppy, but the index remains less than 2% below its July 25 high and continues to find solid support at its 50-day moving average.

Intel Slumps; AMD, Qualcomm Jump On Analyst Moves

Intel opened down 1.4% while Advanced Micro Devices climbed 0.8% after an analyst's report. Barclay's downgraded Intel, to equal weight from overweight, based on AMD taking a lead in next-generation chips. The note kept AMD's rating at underweight, but raised its price target to 15, from 9. AMD shares are extended after clearing a three-month saucer base in June. Intel is down 14% from its June high, and testing support at its 40-week moving average.

Qualcomm added 0.6% to lead the Nasdaq 100. Cowen ratcheted the stock up to outperform, from market perform. The note cited the abandonment of the NXP Semiconductors ( NXPI) deal, the company's $30 billion share buyback initiative and $700 million in good-faith catch-up payments, possibly from the Huawei royalty dispute. The report also hoisted the stock's price target to 84, from 60. Qualcomm is up 35% since April, and climbing out of a seven-month consolidation.

Bluebird, Praxair, Jacobs In Motion

Among the big names reporting early Monday, Tyson Foods ( TSN) jumped 4% on its quarter results. Cardinal Health ( CAH) slipped 2%. Sotheby's ( BID) dived 8% after reporting a steep, second-quarter earnings miss.

Bluebird Bio popped 4% in premarket trade, after announcing a cell therapy cancer treatment collaboration with Regeneron. Regeneron shares traded down 0.2%.

Industrial gases leader Praxair ( PX) dived 6% on news that U.S. antitrust regulators would again press for higher levels of divestment in the company's $47 billion takeover by Germany's Linde. The hitch puts at risk the Oct. 24 headline, in the companies' two-year effort to complete the deal.

Jacobs Engineering climbed 2.6% after a strong fiscal third-quarter performance topped analyst targets. The stock ended Friday in a buy range, above a 66.82 buy point in a cup-with-handle base.

Medical supplies leader Henry Schein swung up more than 4% at the start of trade. The Melville, N.Y.-based distributor reported narrows second quarter revenue and earnings wins, and said it would announce a restructuring plan later today. Shares are up 28% from a March low, climbing the right side of a 14-month consolidation.

Oil Prices, Europe's Markets Rise

Markets ended widely mixed in China as the Shanghai Composite fell 1.3%, plunging deeper into bear-market status. Hong Kong's Hang Seng index added 0.5%. Stocks turned lower in Europe, hit by a slump in German factory orders and negative comments from a British official on a Brexit deal. Frankfurt's DAX and the CAC-40 in Paris fell 0.2%. London's FTSE 100 was down 0.1% in afternoon trade.

Oil prices jumped early, with West Texas Intermediate up 1.3% to above $69 per barrel. Oil prices have declined for the past five weeks, but are still holding within the trading range of their 14-month advance.

The week's earnings calendar does't kick in until Tuesday, when the Labor Department reports its Job Openings and Labor Turnover Survey and the Federal Reserve delivers consumer credit numbers, both for June.

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The post Stocks Slip As Intel Downgrade Crimps Dow, Qualcomm Upgraded appeared first on Investor's Business Daily.


71. Dow Jones Futures: Apple's Breakout And 23 Reasons To Watch The Market CloselyПн., 06 авг.[−]

Dow Jones futures were little changed Monday morning, along with S&P 500 futures and Nasdaq futures. Last week, the S&P 500 index rose 0.8%. The Nasdaq composite climbed 1%, rebounding from its 50-day moving average. The Dow Jones inched higher. But that masked big moves on earnings. Apple ( AAPL), a member of the Dow Jones, S&P 500 index and Nasdaq, soared nearly 9%. Tesla ( TSLA) shot up 17%. Paycom Software ( PAYC) exploded 23%.

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Dow Jones Futures Today

As for stock market futures: Dow Jones futures edged lower vs. fair value. S&P 500 futures were essentially flat. Nasdaq 100 futures advanced a fraction. Crude futures rose more than 1%. U.S. reimposed sanctions vs. Iran starting today.

23 Top Stocks With Earnings Due

Earnings season won't have as many brand names such as Apple stock and Tesla this week, but there is plenty to keep investors busy. Five companies with best-possible 99 Composite Ratings are on tap this week: Ligand Pharmaceuticals ( LGND), Energen ( EGN), Vishay Intertechnology ( VSH), Viper Energy Partners ( VNOM) and Canada Goose ( GOOS). In total, 23 stocks with Composite Ratings of 95 or more will report earnings. (For a complete list of notable companies reporting this week, including analyst estimates and report dates, check out IBD's Earnings Calendar.)

The IBD Composite Rating combines several key fundamental and technical factors, including earnings, into a single score. While an investor should never buy on ratings alone, all-time stock winners often had Composite Ratings of at least 95 near the start of big runs. Apple stock, for its part, has a 99 Composite Rating and is an IBD Leaderboard member.

Earnings Moves Teach Lesson: Be Prepared

Last week some 17 stocks in the Nasdaq 100 reported earnings. Of those, 12 rose or fell at least 5% for the week. Four Nasdaq 100 members — Tesla stock, Take-Two stock, Illumina ( ILMN) stock and Dish Network ( DISH) — moved at least 10%. Meanwhile, several other notable stocks were huge movers, including Paycom stock (up 23%), Wingstop ( WING) (up 16%), Zoetis ( ZTS) (up nearly 8%), Zendesk ( ZEN) (up 5.2%), Mindbody ( MB) (down 14.5%), Shake Shack ( SHAK) (off 12.5%) and PerkinElmer ( PKI) (up 10.5%).

Stocks making big earnings moves underscores the importance of building a quality watch list. That way when a stock breaks out, you'll be ready to capitalize near the buy point.

Apple stock, Paycom stock, Wingstop stock, Zoetis stock and PerkinElmer stock all cleared buy points after earnings. Zoetis and PerkinElmer stock are still in buy range. But Paycom and Wingstop were extended well beyond the 5% chase zone by the close of their initial breakout day.

Apple stock popped nearly 6% on Wednesday, breaking out of a flat base within a base-on-base formation, but closing in buy range. But on Thursday, by the time Apple cleared the $1 trillion market cap threshold, its shares were already extended. At this point, investors should wait for the stock to pull back into buy range in light volume, or await a new buying opportunity from a consolidation or rebound from the 50-day/10-week line.

That's especially important with Apple stock. After four of the five prior Apple earnings reports, shares popped for a day or two or even a few weeks. But then Apple stock moved sideways for several weeks or months, often with some significant pullbacks.

Top Stocks On Tap With Possible Buy Opportunities

Carrizo Oil & Gas ( CRZO) is finding support at 50-day moving average ahead of earnings Monday. A strong rebound from that area could offer a follow-on buy area. Or, if Carrizo Oil stock falls modestly, it would dip back into buy range from a prior breakout. Finally, Carrizo has been consolidating for a few weeks, and could soon form a base-on-base formation.

Jazz Pharmaceuticals ( JAZZ) stock is in a flat base with a 184.10 buy point. Jazz, an IBD 50 stock member Jazz Pharma reports earnings Tuesday.

Canada Goose stock is finding support at its 10-week line ahead of earnings Thursday. Canada Goose has been consolidating for several weeks and soon could have a proper base as well with a traditional entry. Canada Goose is among IBD 50 Growth Stocks To Watch.

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72. Apple Rises Nearly 9% For Week As This Consumer Sector Leads Bullish Run In Stock MarketПт., 03 авг.[−]

The major indexes firmed up in afternoon trading to finish decently higher Friday. Consumer-oriented shares led the upside in stocks today.

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Apple ( AAPL), meanwhile, stretched into new high ground, rising to as high as 208.74 and gaining nearly 9% for the week. Earlier in the week, Apple reported another quarter of impressive double-digit earnings and sales growth.

That marked the iPhone and digital services innovator's year-to-date advance to a commanding 23%. The S&P 500, up nearly 0.5% on Friday, holds a 6.2% gain since Jan. 1.

The Dow Jones industrial average gained more than 0.5%, but small caps faltered. The Russell 2000 slumped 0.5%.

Among IBD's 197 industry groups, consumer electronics, personal care and cosmetics, RV maker, gaming software and airline stocks did well with gains of 1.5% or more. Food and fiber optic stocks also led the market advance.

The Nasdaq composite edged up just 0.1% as investors dumped shares hard in the solar, computer networking, database software and biotech sectors of the market.

SolarEdge Technologies ( SEDG) sank 15% and kissed its 200-day moving average after notching Q2 results. Sales beat views and rose 67%, but earnings of 82 cents missed the Wall Street view.

Arista Networks ( ANET) led the networking gear makers lower. Shares dropped more than 5% to 257.68 in heavy turnover. Earlier in the week, Arista tested buying support at the long-term 200-day moving average.

The expert in cloud-based data networking gear notched a 44% rise in Q2 profit to $1.93 a share, handily beating views. However, that growth rate showed a deceleration from increases of 81%, 95%, 64% and 78% in the prior four periods.

Sales jumped 28% to $519.9 million, marking the smallest year-over-year increase in more than four years.

The top-performing consumer groups included cosmetics and personal care companies. Read Friday's Industry Themes article for more on current market leaders Nu Skin ( NUS) and Medifast ( MED).

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73. Stock Indexes Mixed In Muted Reaction To Jobs ReportПт., 03 авг.[−]

Stock indexes were mixed Friday afternoon as small caps lagged sharply, while indexes headed for weekly gains after a big week of earnings reports.

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The Nasdaq lagged with a 0.1% loss as solar, networking and biotech groups put a dent in the tech-heavy composite. The S&P 500 climbed 0.3%.

The Dow Jones industrial average was up 0.4%. IBM ( IBM) led with a 3% increase but the technology services company remains in a correction that started in January.

The Russell 2000 was down 0.7% and is still trying to hold above the 50-day moving average. Parsing it by sector, it was energy, industrial and technology that were the weakest areas among the small caps.

The market was subdued after the Labor Department reported an increase of 157,000 jobs in the U.S. economy in June. That was below forecasts, although the unemployment rate was nearly unchanged at 3.9%. Wage growth slowed slightly.

The Nasdaq and S&P 500 were headed for gains for the week. For the S&P 500, it would be the fifth consecutive weekly increase. The Nasdaq would break a two-week losing streak. The Dow is nearly flat for the week.

Semiconductor, industrial and brokerage stocks led Friday's overall market. Biotechs, regional banks and solar power were some of the weakest. China threatened to impose a 25% tariff on imports of U.S.-manufactured solar cells, Bloomberg reported.

More Earnings Reports

The number of earnings reports slowed Friday from the feverish pace of earlier in the week. Still, earnings news caused big moves that reflected on Friday's top industry groups.

For example, Nu Skin ( NUS) and Medifast ( MED) surged to new highs after beating estimates. The two were largely responsible for a 4.3% jump in the cosmetics industry group, Friday's second-best group.

Video game software was the third-best group after Take-Two Interactive ( TTWO) gapped up on strong quarterly results. The company also raised its full-year guidance.

Packaged foods was another top group after Kraft Heinz ( KHC) leapt more than 8% on earnings that beat expectations. Dairy products and grains also were leading groups from the food sector, but surges in low-priced or thinly traded stocks inflated their performance.

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The post Stock Indexes Mixed In Muted Reaction To Jobs Report appeared first on Investor's Business Daily.


74. Stocks Shrug Off Payroll Miss, China Threats; An Old Leader SoarsПт., 03 авг.[−]

Stock indexes kept to a narrow trading range Friday afternoon, as the market digested a mixed U.S. payroll report and tariff threats from China. Utilities and gold were among the day's winners, setting a cautious stance. But a former IBD leader soared on strong earnings.

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The Nasdaq slipped less than 0.1%, while the S&P 500 and the Dow Jones industrial average rose 0.3% and 0.4%, respectively. The small-cap S&P 600 dropped 0.8%.

Volume fell on both major exchanges compared with the same time on Thursday.

Apart from major indexes, the Dow Jones utility average popped 1.1%. The iShares Gold Trust ( IAU) added 0.5%. IBD's industry groups confirmed the conservative tilt. Of the day's top 12 gainers, food-related industry groups held six of the top slots.

A few aggressive stocks broke out, according to MarketSmith's pattern recognition technology.

Former stock market leader Nu Skin Enterprises ( NUS) jumped 12% in heavy volume. The maker of anti-aging products cleared an 84.10 buy point. Q2 earnings were 85% above expectations.

In late 2008, Nu Skin represented a rare call for the bulls. IBD's Income Investor column on Nov. 20, 2008, spotlighted the stock's 4.2% dividend and the company's new, anti-aging product. CEO Truman Hunt told IBD in an interview that the new product represented "a platform change." From the 9.09 close that day to a 140.50 peak on Jan. 13, 2014, Nu Skin increased 1,445%.

The stock suffered a nasty slide in 2014-16, sinking as low as 23.51. But Nu Skin rebounded nicely from there. The current problem is the EPS Rating, which is 72. A rating of 72 means 28% of the stocks in IBD's database are growing earnings faster.

Nu Skin is No. 11 in its personal care group in Stock Checkup at Investors.com.

Restaurant chain Wingstop ( WING) gapped up 15% in huge volume. Earnings were 15% above the consensus estimate. In early afternoon trade, small-cap Wingstop was in the 5% buy zone from a 55.95 buy point.

Message To China

Meanwhile, China threatened to slap the U.S. with more tariffs if President Trump expands his tariff policies. Larry Kudlow, the director of the National Economic Council, said it would be a mistake for China to underestimate Trump's resolve.

In other news, the Bureau of Labor Statistics' employment situation report offered a weak headline number but strength under the hood. Nonfarm payrolls added 157,000 jobs in July, missing the consensus estimate by 33,000. However, prior readings for May and June were revised upward by a total of 59,000.

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

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75. Dow Jones, S&P 500, Nasdaq Narrowly Mixed; Medifast, Nu Skin SoarПт., 03 авг.[−]

Medifast stock was the big winner on Wall Street Friday as major stock indexes were narrowly mixed. Nu Skin, tracked in the same industry group as Medifast, also soared.

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Wingstop ( WING), Take-Two Interactive ( TTWO) and Open Text ( OPEN) also rose sharply on earnings.

Near midday Friday, the Dow Jones industrial average led the way, up 0.3%. IBM ( IBM) and Pfizer ( PFE) outperformed with gains of 2% to 3%. The S&P 500 picked up 0.2% and the Nasdaq composite eased 0.1% (for updates on this story and other market coverage, check Stock Market Today).

In economic news, job growth in July disappointed, but the stock market shrugged it off. The economy created 157,000 jobs, well below the consensus estimate of 190,000.

Medifast Stock Soars On Earnings

In stock market results today, Medifast ( MED) soared 25% to 219. It's a thinly traded stock with a 50-day average trading volume of just under 200,000 shares. But it's also a high-priced stock, resulting in an average daily dollar volume of around $41 million.

Medifast, which makes weight and disease management products, showed why it was deserving of a Composite Rating of 99, the highest possible, ahead of its quarterly results. Earnings per share jumped 84% to $1.16. Sales growth accelerated for the fifth straight quarter, rising 55% to $117.3 million.

Group peer Nu Skin ( NUS) also reported impressive results, resulting in a technical breakout for the stock. Shares jumped 14% to 86.39. Nu Skin gapped up over the 84.10 entry. The network marketer of personal care products and nutritional supplements also delivered impressive second-quarter results, with profit up 122% from the year ago quarter. Sales rose 28% to $704.2 million.

Elsewhere, restaurant chain Wingstop gapped up over a 55.95 flat-base entry. The stock was off session highs but still held a big gain, up 15% to 57.76.

Open Text gapped up and reclaimed a 38.33 handle buy point in a five-month saucer base after the maker of content management software reported its eighth straight quarter of double-digit earnings and sales growth.

Inside the IBD 50, new entrant Nanometrics ( NANO) outperformed, rising 2% to 41.99. Amid much weakness in its industry group, the chip-equipment firm is working on a cup-shaped base with a 44.27 proper buy point. Keep in mind that despite healthy fundamentals, Nanometrics is on the thin side with an average daily dollar volume of just over $14 million.

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76. Stocks Cling To Small Gains On Jobs Report; Nvidia Faces ResistanceПт., 03 авг.[−]

The stock market held slight gains in early trade Friday after disappointing July jobs data. The U.S. economy added 157,000 jobs vs. the Street's 190,000 estimate. Meanwhile, the jobless rate fell to 3.9%. Top energy stock EOG Resources ( EOG) and Arista Networks ( ANET) slid in early Friday trade. IBD 50 stock Nvidia ( NVDA) faced potential resistance at its 50-day line, as a new base takes shape. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The Dow Jones industrial average paced the major indexes with a 0.2% gain. The S&P 500 and tech-heavy Nasdaq composite followed, with 0.1% rises.

Among companies reporting earnings, EOG Resources dipped 2% despite easily beating Q2 earnings and sales forecasts late Thursday. The company also raised its dividend to 22 cents per share. Shares are trading about 4% below a cup with handle's 128.06 buy point but are still holding above the 50-day line.

Arista Networks ( ANET) slipped 3% on its Q2 earnings results. The company topped consensus views late Thursday. Shares are battling for support at their 50-day line within a consolidation that stretches back to February.

SS&C Technologies ( SSNC) blasted out of buy range early Friday but trimmed its big price advance to a more modest 4% after reporting strong Q2 results. Shares ended Thursday just above a flat base's 54.09 buy point.

Fleetcor Technologies ( FLT) fell almost 3% on its Q2 results. Shares are still in the 5% buy range of a flat base's 213.84 buy point, according to MarketSmith chart analysis. Shares broke out on June 18 when the stock was added to the S&P 500 index.

Inside The IBD 50

Among the top growth stocks, graphics-chip maker Nvidia is fighting to regain its 50-day line, as the stock moved up almost 1%. Shares are tracing a flat base with a 269.30 buy point. The company will announce its next quarterly results on Aug. 16 after the market close.

On the downside, SolarEdge Technologies ( SEDG) plunged 16% in huge turnover after its Q2 earnings results fell short of targets. Shares were approaching its long-term 200-day moving average line. The stock had been shaping a later-stage formation.

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77. Stocks Turn Mixed On Payrolls Data, China Tariffs; Wingstop Breaks OutПт., 03 авг.[−]

Stocks slipped to mixed trade Friday as earnings news powered busy early action and markets reacted to disappointing July payrolls data, and word of new tariffs from China.

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Networking stocks Sierra Wireless ( SWIR) and Acacia Communications ( ACIA) posted double-digit premarket gains. Dish Networks ( DISH) popped 5% after reporting its second-quarter results. Take-Two Interactive ( TTWO), Medifast ( MED) and HMS Holdings ( HMSY) were poised to seize new highs, as energy stocks SolarEdge ( SEDG) and Noble Energy ( NBL) posted sharp declines.

The Nasdaq Composite backed out of early gains and slipped 0.2%. The S&P 500 narrowed its early gain to 0.1%, while the Dow recovered from an opening dip and rose 0.2%. Take-Two Interactive posted the strongest move on both the S&P 500 and Nasdaq 100. Security software play Symantec ( SYMC) lodged the deepest decline on both indexes.

Apple ( AAPL) weighed on the Dow, trading down 0.9%, but still trading 8% higher for the week. IBD ( IBM) clocked the Dow's strongest move, up 1.4% in early trade.

A volatile week of earnings reports, generally positive economic news and an expansion of the battle lines in the U.S. world trade war saw markets stumble, then regain their footing. The Dow heads into Friday's session down 0.5% since Monday and tracking toward its first weekly drop in five weeks. The S&P 500 is up 0.3% and looking to add a fifth straight up week. The Nasdaq has a 0.8% gain as it aims to rebound from two weeks of declines.

All three indexes are showing some resilience: The Dow is holding above 25,000 — and the S&P 500 above 2,800 — with both indexes above their 50-day lines of support. The Nasdaq has rebounded over the past three sessions from a test of support at its 50-day line. It is trading less than 2% from the record high placed on July 25.

July Hiring Disappoints, China Announces Potential Tariffs

U.S. non-farm employers added 157,000 workers in July, the Labor Department said Friday. That number is not only down from 248,000 new hires in June, it was below analyst projections for 190,000 new jobs. Unemployment ticked lower, as expected, to 3.9%, from 4%, even as the labor force participation rate held steady at 62.9%.

Growth in hourly earnings also remained steady, up 2.7% and in line with the consensus target. Manufacturing payrolls increased to 37,000 workers, vs. 36,000 additions in June. Private payrolls additions fell sharply, to 170,000 hirings, down from June's 202,000 new workers.

China's Ministry of Finance announced a new round of retaliatory tariffs early Friday, aimed at U.S. made imports to the country totaling $60 billion per year. Duties ranging as high as 25% will be imposed on a list of 5,207 U.S.-bade products if the U.S. escalates its tariffs schedule to $200 billion in China-made goods. The U.S. added tariffs to $34 billion in China-made products in June, and is preparing tariffs on another $16 billion. The White House has threatened to expand the schedule to another $200 billion in trade goods if China refuses to renegotiate its trade relationship with the U.S.

Medifast Takes New Highs; Wingstop In Buy Range

Take-Two Interactive led the Nasdaq 100, and S&P 500, spiking 12% at the open. The New York-based video game maker delivered mixed second-quarter results late Thursday. But Chairman and Chief Executive Strauss Zelnick reported "better-than-expected recurrent consumer spending on Grand Theft Auto Online and NBA 2K18." He said sales of Grand Theft Auto V were approaching 100 million units. Take Two shares reset their base count with a consolidation begun in February. But a failed breakout attempt from that pattern left the stock with no valid current buy point.

Diet plan stock Medifast scorched 26% higher in early trade. One of this year's market-leading health and wellness companies, Medifast reported huge wins on both its revenue and earnings lines in the second quarter. Earnings soared 84%, revenue leapt 55% and management lifted its full-year revenue and earnings forecast well above analyst targets. Medifast shares were up 154% for the year at Thursday's close, and extended after a breakout in March.

Healthcare cost containment specialist HMS Holdings knocked out a 10% gain at the open. The Irving, Texas, outfit's second-quarter performance beat on revenue, came in ahead on earnings and hoisted full-year revenue guidance above analyst targets. The stock is extended after clearing a year-long base pattern in May.

Wingstop ( WING) soared 13% at the starting bell, scoring a breakout at the open. The Dallas-based fast casual chain late Thursday reported a 35% earnings gain and a 17% rise in revenue. Both numbers were above analyst forecasts, and management reported a sharp decrease in coast of sales during the quarter, as chicken-wing prices fell. Shares were in buy range above a 54.87 buy point in a double-bottom base.

ATM network operator Cardtronic ( CATM) rocketed 30% higher. Second-quarter revenue and earnings declined much less than projected by consensus targets. Management boosted its 2018 revenue and earnings guidance above expectations. The move put share briefly above a 31.70 buy point in a two-month cup base.

IBD 50 stock SolarEdge was taking an early beating, down 14% after a mixed second-quarter report. A 67% revenue gain topped analyst expectations, but growth of 49% on the earnings line was short of views. The loss sent shares sharply below support at the stock's 10-week moving average.

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78. Apple, Tesla Are Soaring, But Be Wary: Dow Jones FuturesПт., 03 авг.[−]

Dow Jones futures edged higher Friday morning, along with S&P 500 futures and Nasdaq futures. The Nasdaq composite led Thursday's stock market rally, as Apple ( AAPL) topped a $1 trillion valuation, Tesla ( TSLA) vaulted after its earnings report and Square ( SQ) rebounded powerfully from a key support level. But this is not a good time to buy Apple stock, Tesla stock or Square stock. Instead, look for stocks in a proper buy zone or setting up in proper bases.

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Remember, the goal is to buy the right stocks at the right time. Apple and Square, at least, are the "right stocks": Apple has a best-possible 99 Composite Rating while Square is at a strong 96 CR. Tesla has a lowly 26. But none of these stocks is at a proper buy zone.

Dow Jones Futures Today

Dow Jones futures were up 0.1% vs. fair value. So were S&P 500 futures. Nasdaq 100 futures advanced 0.2% vs. fair value. The July jobs report is due out at 8:30 a.m. ET. Economists are looking for a gain of 190,000 jobs and a 2.7% annual hourly wage gain.

On Thursday, the Nasdaq composite rallied 1.2% and the S&P 500 index rose 0.5%. The Dow Jones erased big early losses to close down a few points.

Apple Stock, Square Stock Extended

Apple stock rose 2.9% to 207.39 in Thursday's stock market trading, becoming the first company to ever clear the $1 trillion valuation. That move also extended Wednesday's breakout from a 194.30 buy point following strong Apple earnings late Tuesday. Apple revenue growth has accelerated for six straight quarters.

Apple stock looks great technically and fundamentally. It's an IBD Leaderboard stock. (IBD premium service Leaderboard is open access through Aug. 5.)

But Apple stock is now extended more than 5% from that entry. There's a high risk that shares could pull back from these levels. Such pullbacks may be short-lived, but you want to avoid sitting on a tidy loss while hoping for a rebound.

Apple stock has had a tendency to rally after earnings over a few days or weeks, then move sideways until the next earnings report. So that pattern suggests Apple stock may have a big short-term upside.

Apple could pull back into the chase zone, which extends to 204.02.

That's what Google parent Alphabet ( GOOGL) has done. Alphabet stock cleared a 1,201.59 buy point in July, then cleared the 5% chase zone following surprisingly strong Google earnings and revenue growth. But after a few days, Alphabet stock retreated back into the buy zone, where it's remained for the last several sessions.

Alternatively, Apple could consolidate, either forming a new base or finding support from the 50-day line.

Square stock retreated at the open after the mobile payments firm late Wednesday reported strong quarterly results but gave cautious earnings guidance. But shares found support at their 50-day line and then exploded higher in heavy volume. That created a buy opportunity from 65.57. But Square sprinted 8.7% to 72.65, well above the entry point.

Tesla Stock Is Not A Buy Yet

Tesla stock exploded 16% on Thursday, vaulting above its 50-day and 200-day moving averages and closing at 349.54.

The electric-car maker reported a wider-than-expected loss late Wednesday. But revenue topped and an in-control Elon Musk forecast Model 3 production ramping up, pushing Tesla to profitability in Q3 and Q4. CEO Musk also sees no need to raise more capital, with cash levels ending Q2 better than expected.

Some analysts said the late-Tuesday Tesla earnings report may be a turning point for the company and the stock. But as an investor, you don't want to try to guess that a stock will do well.

Don't try to buy a stock "cheap," which in Tesla's case is an especially loose concept. Tesla has had brief uptrends over the past year, only to fall back. Shares have been consolidating for more than 10 months, with the relative strength line trending lower for the past 13 months.

It's better to wait for a breakout. That's the point when the odds are best in your favor that a stock will rise and rise quickly.

Tesla stock is in a seven-week consolidation with a 373.43 buy point.

Keep in mind that Tesla is not yet profitable and has struggled to meet promises. Typically, investors should focus on stocks with a history of strong earnings.

Top Stocks To Watch

PerkinElmer ( PKI) and Zoetis ( ZTS) are top-rated stocks that broke out into buy range on earnings Thursday. Both closed in buy range. PerkinElmer joined IBD Leaderboard on Thursday.

Meanwhile, IBD 50 stock SVB Financial ( SIVB) and Etsy ( ETSY) are top stocks near buy points from bullish bases. PerkinElmer stock and SVB Financial both enjoy several quarters of accelerating sales growth, like Apple and Square.

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79. Apple Lifts Nasdaq Higher With Trillion-Dollar Milestone; 5 New IPOs ShineЧт., 02 авг.[−]

Growth companies showed some real muscle in stocks today, and Apple helped the Nasdaq composite lift further above its critical 50-day moving average.

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The iPhone, iPad, MacBook and digital services titan also made history by becoming the first U.S. company to hit $1 trillion in market cap.

Apple ( AAPL), up 2.9% to 207.39, has now risen more than 6% past a new 194.30 base-on-base entry.

An earlier buy point got triggered on May 4, when the megacap tech rushed past a 179.04 buy point from a solid, if briefly formed, double-bottom base.

Earlier this week, Apple joined Leaderboard for the second time this year.

The tech-driven Nasdaq composite gained more than 1.1% and finished practically at session highs, a bullish sign.

The Nasdaq 100 rose almost 1.4%. That sharply beat a 0.5% gain by the S&P 500. The Dow Jones industrials edged less than 0.1% lower.

The Russell 2000 rallied 0.7%. At 1681, the popular small-cap gauge is up more than 9% since Jan. 1.

While Apple continued to gather institutional demand following impressive quarterly results, at least five new IPOs also joined the rally on Thursday.

The IPO Stock Market Heats Up

The IPO Leaders screen, which captured all of these names, hunts for high-performance companies that went public within the past 36 months or less.

Trade Desk ( TTD), up 2%: The self-service platform for buyers of omnichannel advertising is trying to weather its biggest pullback after it gapped out of a base with a 67.40 standard buy point on May 11.

That breakout came on the heels of an outstanding Q1 report, when Ventura, Calif.-based Trade Desk grew earnings by 89% to 34 cents a share on a 61% jump in revenue to $85.7 million. Earnings are due Aug. 9 after the close.

Watch to see if Trade Desk hustles back above the 50-day moving average, or begins to live below it for many weeks, a potential sell signal.

Atlassian ( TEAM), up more than 2%: The collaboration-style business project software expert is extended after clearing a 68.85 buy point in a roughly six-week flat base.

SendGrid ( SEND), up more than 5%: The cloud-based email marketing platform for businesses has been locked in a trading range between 25 and 32 for months. The Denver-based spinoff went public in November and closed its first day of NYSE trading at 18.

Funko ( FNKO), up 4%: The designer and manufacturer of pop-culture merchandise has risen more than 40% since debuting on the Nasdaq at 12 a share. It cleared a 10 buy point in June. A new base has yet to form.

Cactus ( WHD), up 4%: The supplier of wellheads and pressure-control equipment to oil and gas explorers rose back above its 50-day moving average, a bullish sign. In July the small-cap stock attempted to break out past a 37.60 entry but failed.

Shares have rallied 81% from an IPO price of 19 a share.

Meanwhile, crude oil futures rebounded. WTI near-term futures galloped 1.9% higher to $68.95 a barrel.

A day after the Federal Reserve decided to make no move on short-term interest rates, buyers moved back into long-dated U.S. Treasuries. The yield on the benchmark 10-year note fell 2 basis points to 2.98%.

Please follow Saito-Chung on Twitter at @IBD_DChung for more commentary on growth stocks, new IPOs, buy points, breakouts, and financial markets.

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80. Nasdaq Composite Leads Market As These Stocks Hit Buy PointsЧт., 02 авг.[−]

The Nasdaq composite and S&P 500 expanded gains in afternoon trading after both indexes reversed higher and offered bullish signals.

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The Nasdaq, down as much as 0.6%, was up 1.1%. It made a good stride above the 50-day moving average, where the composite pulled back in the past few sessions. Support at the line should be considered a positive sign for the market.

Apple ( AAPL), its largest component, became the first stock in history to top $1 trillion in market capitalization. The stock is extended from the 194.30 buy point of a flat base. Apple was added to IBD Leaderboard on Wednesday after shares jumped on a strong earnings report.

The S&P 500 added 0.5%. The index fell as low as 2796 then started to rebound. That's significant because it indicates that support is holding up for the S&P 500 at 2800. (For updates on this story and other market coverage, check Stock Market Today.)

The Dow Jones industrial average was up minimally. The Dow had a larger decline than the other indexes this morning and was the last of the major indexes to erase losses.

Small caps pitched in to the rally with a 0.7% increase for the Russell 2000. The index rose back above its 50-day moving average after closing four straight days below it.

Volume was higher on the NYSE and lower on the Nasdaq compared with the same time Wednesday. Advancers led decliners by a 9-7 ratio across the board.

Tesla Boosts Auto Group

Automakers were the No. 1 industry group today, thanks mainly to Tesla ( TSLA). The stock surged 14% following the company's latest quarterly report. Shares climbed above the converged 50-day and 200-day moving average but they remain 11% off a new high.

Building, health care and software were other sectors displaying strength.

Distribution Now ( DNOW) broke out of a cup-without-handle base in heavy volume. The maker of pipes, valves and other distribution equipment for energy companies leapt past a 15.63 buy point and is already extended. Now beat expectations as it posted adjusted earnings of 10 cents a share from a year-ago loss of 10 cents.

ManTech International ( MANT) gapped to a new high, clearing a 23-week pattern in active trading. The defense contractor beat sales estimates and matched profit expectations late Wednesday. The company also said it won a $71 million contract to modernize mission systems in U.S. Navy maritime patrol and reconnaissance aircraft.

Global Payments ( GPN) is trying to break out of a cup with handle with a 118.63 buy point. Shares of the payment processing firm fell back below the entry in afternoon trade.

The company beat profit expectations earlier today and raised its full-year guidance. Global Payments also announced it will acquire AdvancedMD, a cloud software firm for physician practices, from investment firm Marlin Equity Partners. Global will pay $700 million.

Arista Networks ( ANET) climbed more than 3% and is back above the 50-day moving average. The stock is forming a base with a 311.77 buy point. Arista reports earnings after the close.

TripAdvisor ( TRIP) took a tumble after its earnings came in about 2% above the consensus mark. The stock plummeted below the 50-day line in five times more volume than average. That's a break of support that represents a sell signal for TripAdvisor. Shares broke out originally in the previous earnings report, May 9.

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The post Nasdaq Composite Leads Market As These Stocks Hit Buy Points appeared first on Investor's Business Daily.


81. Stock Market Recovers; Apple, Sturm Ruger Race AheadЧт., 02 авг.[−]

U.S. stock indexes recovered after a weak open Thursday, as the Nasdaq and small caps gained while large caps and blue chips lagged.

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The Nasdaq advanced 1.1% and the small-cap S&P 600 rose 0.8%. The large-cap S&P 500 added 0.4%. The Dow Jones industrial average lost 0.1%.

Volume in the stock market was up on the NYSE and down on the Nasdaq compared with the same time Wednesday.

Among the small caps, firearms maker Sturm Ruger ( RGR) stormed 10% higher on an earnings beat. Background checks, a rough gauge of firearms sales, rose on a year-ago basis in each of the five months from February through June. July numbers are not yet available.

Sturm Ruger broke out in May, clearing a wedging handle. A wedging handle signals trouble. Sturm Ruger rose 3% and then declined 19% over nine weeks.

How does Sturm Ruger look now? The stock appears to have formed the left side of a base. Thursday's thrust reclaimed the 200-day and 50-day lines, but the stock has work to do on the right side of its new pattern.

Fox Factory ( FOXF), another small cap, jumped 21% on an earnings beat of almost 17%. Fox makes ride-dynamics products for mountain bikes, motorcycles, all-terrain vehicles and related applications.

In the blue chip Dow, heavy weightings Boeing ( BA) and Goldman Sachs ( GS) dropped 1.1% and 0.9%, respectively. On the upside, Apple ( AAPL) popped 2.5% in heavy volume. Apple is now too extended to buy.

Other Stocks

In the IBD 50, a collection of top rated stocks, software security firm Fortinet ( FTNT) tore 11% higher in fast trade. Earnings topped the consensus view by about 14%.

Other top-rated stocks making sharp moves included small cap Warrior Met Coal ( HCC), down more than 7% on an earnings miss; energy-related small cap Cactus ( WHD), up 4% despite an earnings miss; and personnel software midcap Paycom Software ( PAY), up almost 6% after a recent 23% earnings beat reported late Tuesday.

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82. Dow Jones Falls On Trade War Fears; Tesla Stock Buoys NasdaqЧт., 02 авг.[−]

The Dow Jones industrial average lagged near midday Thursday, falling 0.4%, as escalating trade war fears with China fueled selling in blue chip stocks. Apple ( AAPL) was a bright spot in the Dow. The stock followed through after Wednesday's breakout, rising another 2%.

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DowDuPont ( DWDP) was the worst performer in the Dow Jones, falling 3%. The company reported earnings before the open. McDonald's ( MCD) and Boeing ( BA) also lagged.

Technology stocks turned in another solid performance. The Nasdaq composite was near its session high, up 0.5%, while the S&P 500 was mostly unchanged. Volume on the NYSE was tracking roughly 7% higher than Wednesday. Nasdaq volume was on pace to be mildly lower.

In stock market results today, Square ( SQ) reversed higher after falling 3.9% intraday. Shares were up 6.5% after the company reported its sixth straight quarter of accelerating sales growth. Square is a new member of Leaderboard.

Inside the IBD 50, Paycom Software ( PAYC) followed through after Wednesday's breakout over a 115.64 double-bottom entry. Shares were up more than 5% to 133. Also in the IBD 50, Arista Networks ( ANET) rallied nearly 3% ahead of its earnings report after the close.

Elsewhere in earnings, CF Industries ( CF) gapped up over a 46.30 entry after the maker of nitrogen fertilizer reported its second straight quarter of triple-digit earnings growth. Sales rose 16% to $1.3 billion.

CF joined IBD Swing Trader on Thursday morning.

Tesla ( TSLA) held gains after gapping up at the open. Shares were up 9% to 329 after the company reported earnings late Wednesday. Oppenheimer upgraded shares to outperform from perform with a 385 price target. Tesla ended the quarter with $2.2 billion in cash, higher than expectations.

Tesla was a top gainer in the Nasdaq 100, along with Regeneron Pharmaceuticals ( REGN). After a series of tight weekly closes, shares of Regeneron surged 6% after reporting strong earnings before the open.

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83. Nasdaq Turns Positive As This Top Stock Rebounds From SupportЧт., 02 авг.[−]

The stock market fell heavily early Thursday — but quickly trimmed its losses — amid more trade worries. Late Wednesday, the Trump administration signaled its willingness to increase the proposed tariffs on $200 billion of Chinese goods from 10% to 25%. China responded that it was prepared to retaliate. Meanwhile, electric auto maker Tesla ( TSLA) and payment processor Square ( SQ) advanced after earnings results. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The tech-heavy Nasdaq Composite rose 0.2%, after recovering from its early 0.6% slide. The S&P 500 dropped 0.25%. The Dow Jones industrial average declined 0.5%.

Among companies reporting earnings, Tesla surged 10% despite a deepening quarterly loss, as investors focused on better-than-expected revenue and Model 3 production. The gain sent the stock above its 50- and 200-day moving average lines, potentially shaping the right side of a new base structure.

Mobile payments stock Square reversed from early losses to rise over 6%, leaving it extended after a quick rebound from its 50-day support level. Late Wednesday, Square beat the Street's top- and bottom-line estimates but forecast lighter-than expected-profits in the current quarter.

Cybersecurity stock Fortinet ( FTNT) jumped 11% to notch a new high after the company reported strong Q2 earnings results. Shares found support at their 50-day line for the fourth time since a breakout above a double bottom's 39.61 entry last October, according to MarketSmith chart analysis.

Among energy stocks, EOG Resources ( EOG) will report after the market close. Analysts expect the oil producer to earn $1.25 per share on revenue of $3.91 billion. Shares are trading below a 128.06 cup-with-handle buy point after a recent breakout. The stock is holding above the 50-day line amid a three-day losing streak.

Inside The IBD 50

Among the top growth stocks, Leaderboard stock Paycom Software ( PAYC) followed up Wednesday's more-than-18% advance with a 3% rise to hit another new high. The business software maker broke out past a 115.64 double-bottom entry and quickly moved out of buy range after it reported strong Q2 results.

On the downside, Epam Systems ( EPAM) plunged 11% on its Q2 results early Thursday. Shares ended Wednesday's trading session just below a 131.85 flat-base buy point.

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84. Stocks Slide As Trade War Rattles Global Markets; Tesla, Fortinet SpikeЧт., 02 авг.[−]

Gobal markets reeled lower and U.S. stocks dived into early losses Thursday as new White House trade war tactics rattled investor confidence. DowDupont ( DWDP) led the early declines on the Dow, while Tesla ( TSLA), Habit Restaurants ( HABT) and cybersecurity stock Fortinet ( FTNT) ran higher after reporting quarterly results.

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The Dow Jones industrial average opened down 0.7%. The S&P 500 fell 0.6%. Pfizer ( PFE) and DowDupont spearheaded the Dow's early declines. TripAdvisor ( TRIP) posted the deepest early dive among S&P 500 stocks.

The Nasdaq Composite tumbled 0.6% at the starting bell, with Tesla leading the index and Cognizant ( CTSH) and Wynn Resorts ( WYNN) marking the steepest declines.

China's markets fell hard Thursday, with both Hong Kong's Hang Seng Index and the Shanghai Composite ending more than 2% lower. The Shanghai Composite is once again down almost 23% from its February high, and firmly back in bear market territory. The index's 50-day moving average has now become a clear line of resistance.

The selling spilled over into Japan, where Tokyo's Nikkei 225 tumbled 1%. European investors also dove for cover, sending Frankfurt's DAX down 1.6%, London's FTSE 100 1.1% lower and the CAC-40 in Paris down 0.8% in afternoon trade.

Trade War: Tariff Threat, Senate Defense Bill

The Trump administration confirmed late Wednesday it was willing to escalate a pending round of proposed tariffs as high as 25%, up from its initial 10% proposal, on $200 billion per year in China-made goods imported into the U.S.

The move provides the administration flexibility to wipe out price compensation created as Beijing has enabled the devaluation of its currency. The yuan's recent 8% decline effectively lowered prices for China goods imported to the U.S., minimizing the impact of the White House's initial 10% tariff threat.

Meanwhile, the Senate on Wednesday overwhelmingly backed a $716 billion defense-spending bill. It tightened U.S. scrutiny of Chinese corporate deals and U.S. exports to China, while backing away from any restrictions on Chinese telecom giant ZTE. The Trump administration had struck a deal with ZTE. It reversed penalties for the company's business transactions with Iran and North Korea.

Tesla, Fortinet, Habit Rise; Cirrus Slides On Earnings

Tesla soared 8% at the open. The maker of electric autos reported a deeper-than-expected loss, but above-expectation revenue for its second quarter. Tesla production met expectations and the company had more cash than analysts had forecast. The gain put Tesla shares back above the stock's converged 10- and 40-week moving averages, and looking up the right side of a possible base.

Cybersecurity stock Fortinet opened 10% higher, after its second-quarter revenue soared 21%, well past analyst targets. Fortinet earnings growth of 52% also topped forecasts. The IBD 50 stock is now up more than 65% for the year, and knocking off new highs.

Burger joint Habit Restaurants punched up 16% in opening action. The Irvine, Calif. company reported a 33% rise in earnings per share and a 23% revenue gain in its second quarter, both above expectations. The stock ended Wednesday 52% above a May low, but still deep in a three-year consolidation.

Cirrus Logic ( CRUS) tumbled more than 5% even though revenue and earnings declined less than forecast. The stock is working on its eighth advance in the past nine weeks, and is testing resistance at its 10-week moving average.

Layoffs, Unemployment Data Show Job Market Tightens

Job cuts announced by U.S. employers dropped to 27,122 in July, their lowest level since November 2016, according to consultant Challenger, Grey & Christmas. "Nearly 90% of companies recently polled by Challenger are either actively hiring or in retention mode," the report said. "Companies are not letting go of their work forces right now."

First-time unemployment claims held largely steady at 218,000 for the week ended July 28, the Labor Department reported. That was a small notch higher than the prior week's 217,000 claims, and in line with economist forecasts.

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The post Stocks Slide As Trade War Rattles Global Markets; Tesla, Fortinet Spike appeared first on Investor's Business Daily.


85. Dow Jones Futures Fall On China Trade War Threat; Tesla Leads Big Earnings MoversЧт., 02 авг.[−]

Dow Jones futures fell sharply early Thursday, along with S&P 500 futures and Nasdaq futures, as global selling took hold on renewed U.S.-China trade war fears. Tesla ( TSLA), Square ( SQ), IBD 50 stock Fortinet ( FTNT), Wynn Resorts ( WYNN) and Exact Sciences ( EXAS) headlined a slew of notable earnings reports.

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During Tuesday's stock market trading, the Nasdaq composite rallied as Apple ( AAPL) surged toward a $1 trillion market cap. Apple stock rose 5.8% Tuesday on strong earnings and guidance. But the Dow Jones industrial average fell 0.3% and the S&P 500 index 0.1%, on widespread reports that the Trump administration was mulling a 25% tariff on a planned $200 billion in Chinese goods, up from the initial proposed 10%. The U.S. already has imposed a 25% tariff on $34 billion in Chinese goods, with Beijing responding in kind.

After Wednesday's close, the Trump administration confirmed it's mulling a 25% tariff. That initially had little impact on Dow Jones futures, but Asian stock markets sold off on the prospect of an escalating China trade war. Japan's Nikkei fell 1% and China's Shanghai composite skidded 2%. European markets were down sharply intraday.

Dow Jones Futures Today

Dow Jones futures fell 0.7% vs. fair value. S&P 500 futures lost 0.6%. Nasdaq 100 futures sank 0.8%. Keep in mind that Dow Jones futures and other overnight action often doesn't translate into how stocks open and close in the next regular session.

Tesla Earnings Missing, But Tesla Stock Booms

The Tesla earnings report had no earnings. The electric vehicle maker's adjusted loss was $3.06 a share vs. views for $2.91. Revenue climbed to $4 billion, slightly topping estimates for $3.92 billion.

Tesla said Model 3 output was near 5,000 a week in several weeks in July, after hitting that target in the last week in June. Tesla also expects to hit 6,000 a week by late August. Meanwhile, Tesla cash on hand was at $2.2 billion, beating forecasts as well. The automaker expects cash levels to improve, sticking to predictions of GAAP profitability in Q3 and Q4.

CEO Elon Musk, who went off the rails after Tesla's Q1 conference call, was on better behavior late Wednesday.

Tesla stock surged 8.4% early Thursday. That would push shares back above their 50-day and 200-day moving averages. But Tesla's relative strength line, which tracks a stock's performance vs. the S&P 500 index, has been trending lower for the past 13 months.

Square Earnings Fine, Guidance Mixed

The mobile-payments giant topped June-quarter views. Square earnings rose 86% to 13 cents a share as revenue grew 60% to $385 million. But for the current quarter, Square guided high on revenue but low on earnings.

Square stock fell 2.3% early Thursday. Shares rose 3.4% on Wednesday to 66.86, rebounding from the50-day line.

Wynn Resorts Earnings

Casino stock had a brutal Wednesday, with Macau gaming revenue missing views and U.S.-focused Caesars Entertainment ( CZR) forecasting weak events in the current quarter. Then came Wynn Resorts.

Wynn earnings came in at $1.53 a share adjusted, as revenue grew 9.5% to $1.61. But analysts had expected Wynn earnings to balloon 72% to $2.03 a share, with revenue up 11% to $1.694 billion.

Wynn stock sank 4.1% early Thursday, though that was well off overnight lows, following a 4.1% tumble Wednesday.

Fortinet Earnings

Cybersecurity firm Fortinet reported a 21% revenue rise to $441 million, the second straight quarter of accelerating top-line growth. Fortinet earnings shot up 52% to 41 cents a share excluding items. Both topped analyst estimates.

Fortinet stock spiked over 9% late, signaling a new high. Shares closed up 2.9% to 64.60, reclaiming a fast-rising 50-day line.

Exact Sciences Earnings

The maker of the Cologuard colon cancer test lost 30 cents a share, in line with views. But revenue shot up 79% to $102.9 million, below views for $105 million. Exact Sciences reiterated its full-year revenue target, which is below Wall Street consensus.

Exact Sciences stock plunged 23% early Thursday signaling a move below its 200-day moving average.

HubSpot ( HUBS), TripAdvisor ( TRIP), FireEye ( FEYE), Red Robin Gourmet Burgers ( RRGB) and Qorvo ( QRVO) were among big movers late on earnings. All five stocks sold off overnight.

Several shale operators reported earnings late as well, with pipeline bottlenecks crimping the prices that the producers actually receive.

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86. Stocks Mixed As Fed Changes Nothing; Apple ShinesСр., 01 авг.[−]

The Nasdaq posted a moderate gain Wednesday, but the other indexes were either flat or lost ground. Reaction to the Fed was subdued, but the Street had already marked the Fed meeting as a nonevent.

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Blue chips suffered a minor dent as the Dow Jones industrial average crumpled 0.3%. The S&P 500 eased 0.1% and the small-cap S&P 600 retreated less than 0.1%. The Nasdaq gained 0.5%.

Volume in the stock market rose on the Nasdaq but fell on the NYSE, according to preliminary data.

A fight at the 50-day line is still on for the Nasdaq, but the index built a small cushion in the past two sessions.

In the blue-chip Dow, Apple ( AAPL) carried the day for the bulls. Apple gapped up nearly 6% in heavy volume. The stock remains in the 5% buy zone from a 194.30 buy point. Because of the gap up, grabbing shares at the ideal entry would've been impossible. In a gap up, the opening price can be used as the entry. Apple opened at 199.13.

On the downside in the Dow, construction and heavy equipment maker Caterpillar ( CAT) sagged 3.7%.

Reaction To The Fed

The Federal Reserve wrapped up a two-day meeting offering nothing new. Rates were not changed Wednesday. Expectations for a rate hike in September also were unchanged.

Innovator IBD 50 Fund ( FFTY) advanced 1.5%. The exchange traded fund is 6% off its high. Year to date, Innovator IBD 50 is up 6%.

Among IBD's 197 industry groups, consumer loans led the upside. Credit Acceptance ( CACC), which services the auto-dealer space, jumped 11%. The day's biggest loser was the heavy construction equipment group.

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87. Nasdaq Holds Gains As Technology Sector Leads A Market Still Testing This Key AreaСр., 01 авг.[−]

Stocks were mixed Wednesday afternoon, with the Nasdaq composite holding on to gains as the technology sector made a decent showing.

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The Nasdaq was up 0.3% and trading above the 50-day moving average, which has become an important guidepost for the market's short-term direction. In a negative for the Nasdaq, it dropped below the June highs starting with last Thursday's sell-off.

The S&P 500 and Dow Jones industrial average reversed lower but today's price ranges for both were small, so it does not seem like such a bearish move. Apple ( AAPL) leapt 5% after its strong earnings report and was leading the Dow. The industrials were off 0.3% and the S&P 500 0.1%.

Apple, the largest stock by market capitalization, also was a positive force in the Nasdaq and S&P 500. Small caps lagged, with the Russell 2000 off 0.5%.

Volume was lower on the NYSE and higher on the Nasdaq compared with the same time Tuesday.

Major indexes fell after the Federal Reserve released its new policy statement at 2 p.m. ET, but the market rebounded in a matter of minutes. The Nasdaq was briefly lower after the Fed's decision. The Fed made no change in interest rates, as expected. Its statement also showed no easing in its intentions to continue rising interest rates.

The yield on the benchmark 10-year Treasury note, which climbed above 3% earlier today, moved higher after the Fed news but also quickly eased. The yield was up 3 basis points on the day, to 2.99%.

Software and semiconductor industry groups were leading gains for the technology sector. Some health care groups such as medical software were also higher. The weakest groups were scattered among mining, department stores, casinos and auto parts.

Qiagen ( QGEN) broke out of a base-on-base pattern but the stock faded below the 37.71 buy point. The molecular research company late Tuesday beat profit expectations.

Paycom ( PAYC) reached new highs after gapping past a double-bottom base in heavy volume. The enterprise software company rallied after strong quarterly results late Tuesday. The stock was added today to Leaderboard.

Baidu ( BIDU) plunged below its 200-day moving average in big volume, further weakening the chart. The China-based internet company late Tuesday beat profit expectations, but was lower today after a report said Alphabet's ( GOOGL) Google may re-enter China's internet search market. Alphabet shares were up 0.6%.

Mindbody ( MB) extended sharp losses, losing 6% Wednesday as shares fell below the long-term 200-day moving average. Mindbody, a cloud-based platform for the fitness, wellness and beauty services industries, posted a Q2 loss of 8 cents a share, less than what analysts expected. Sales rose 40% to $61.6 million.

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88. Apple, Paycom Surge, But Dow Jones Wilts; This Key Sector SinksСр., 01 авг.[−]

Apple and Paycom Software reaffirmed a desire among institutional investors to search out fast-growing companies, following the two companies' glowing quarterly results. But major indexes showed mixed action in stocks today after the Federal Reserve stayed put on short-term interest rates. A few indexes fell significantly.

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At around 2:30 p.m. ET, the Nasdaq composite rose nearly 0.4% but was up as much as 0.8% early. The S&P 500 and the Dow Jones industrial average sank 0.2% and nearly 0.4%, respectively, after harboring small gains after the open.

Meanwhile, gaming stocks led the downside, and IBD's Leisure-Gaming/Equipment industry group was the second-worst performer among 197 industries tracked each day by IBD. The group fell 4.1% on a price-weighted basis. Caesars Entertainment ( CZR) plunged more than 13% following Q2 results.

Other industry groups selling off hard included construction and mining machinery, department stores, trucks, grains, metal ores, hand tools, farm equipment, water utilities and airlines. All of these groups fell 2% or more.

Casino Stocks Slump

Las Vegas Sands ( LVS) and Wynn Resorts ( WYNN) also tanked.

The former staged a key sell signal on June 25, when it cut through the 50-day moving average near 77 in heavy volume. On that day, 5.4 million shares exchanged hands, or 64% higher than Sands' 50-day average.

When a growth stock, after a steady uptrend, crashes below the 50-day moving average in heavy turnover, it in effect is giving shareholders a warning sign that big funds are taking profits in a big way. That's a key sell signal.

Las Vegas Sands, which operates the Venetian, the Palazzo and several resorts in Macau, China, reported a 1% increase in earnings to 74 cents a share for Q2. That marked severe growth deceleration after EPS gains of 40%, 38%, 8%, 42% and 58% in the prior five quarters.

The large-cap entertainment company's sales rose just 6% to $3.3 billion. In the year-ago quarter, the top line grew 17%.

Apple Shines

Both Apple ( AAPL) and Paycom Software ( PAYC) rejoined IBD Leaderboard following strong breakouts. The two companies beat Wall Street estimates for earnings.

Apple reported a 40% rise in adjusted earnings to $2.34 a share, extending a streak of double-digit bottom-line growth to six straight quarters.

Apple catapulted past a 194.30 buy point in a new base-on-base chart pattern. The buy zone goes up to 204.02.

The stock is close to eclipsing the $1 trillion level in market value.

On Jan. 6, 2017, the iPhone giant barreled out of a first-stage cup with handle, sparking a new breakout. The correct buy point back then was 118.12.

IBD's Stock Market Today column featured that base as it formed as well as the breakout on that day.

Now, trading near 200, the megacap tech has rallied more than 70%.

Paycom Soars

Paycom, a specialist in human capital management software, or "HCM," vaulted up more than 19% and reached as high as 128. At that price, the midcap business software firm ran as much as 8% past a 118.46 standard buy point within its base.

That base shows elements of a double bottom. Thus, an early buy point of 115.64, or 10 cents above the middle peak within the two sell-offs inside the base, is justified.

Oklahoma City-based Paycom notched a 69% jump in Q2 profit to 59 cents a share. That marked at least 14 quarters in a row of 50%-plus earnings gains. Revenue rose 31% to $128.8 million.

Paycom's after-tax margin leapt by 620 basis points to 27%.

Other Indexes Look Dim

The Dow Jones transportation average fell more than 0.6%. Small caps lagged. The small-cap S&P 600 dropped 0.7% initially, but then shaved the loss to just 0.2%.

The Federal Reserve was widely expected to keep the federal funds rate pinned at a target range of 1.75% to 2%, but a statement that followed the two-day meeting fully acknowledged that the U.S. economy is heating up.

A More Confident Federal Reserve

The U.S. central bank noted that the jobs market "has continued to strengthen" and economic activity "has been rising at a strong rate." Last week, the government made an initial estimate of 4.1% annualized growth in U.S. GDP for the second quarter.

On Wednesday before the open, the ADP private sector jobs report reaffirmed the current strength of the American economy. Jobs grew by 219,000 in July, blowing past the Econoday consensus forecast of 173,000. The June increase got revised upward to up 181,000.

CME Group fed funds futures currently show a 71% probability that the Fed will raise interest rates two more times by December this year.

The yield on the benchmark U.S. Treasury 10-year note jumped back to the 3% level for the first since June.

"The 10-year yield is important to watch as it continues to move around the 3% level," Chris Zaccarelli, CIO for Independent Advisor Alliance, told IBD. "It could be the canary in the coal mine to divine whether the bond market feels the trade tensions will knock the economy off course: if it drops below 2.75% it signals trouble ahead; while a rise above 3.25% would be a sign that tensions have been reduced."

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

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The post Apple, Paycom Surge, But Dow Jones Wilts; This Key Sector Sinks appeared first on Investor's Business Daily.


89. Apple Stock Fuels Modest Tech Rally As Fed Statement Looms LargeСр., 01 авг.[−]

Strength in Apple stock fueled a modest gain for the Nasdaq composite near midday Wednesday after the tech index firmed up at its 50-day moving average Tuesday. Apple ( AAPL) rose to an all-time high on strong earnings as the company approached a $1 trillion market capitalization.

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Other strong gainers in the Nasdaq 100 included Leaderboard name Workday ( WDAY). Enterprise software names performed well overall, helped by solid earnings from Paycom Software ( PAYC) and Zendesk ( ZEN).

Paycom gapped up out of a double-bottom base with a 115.64 buy point. Shares were trading around 122, up 15%. Zendesk soared 12% but it's extended in price after a breakout from a base in January.

The Nasdaq composite was off session highs but still rose 0.3%; the S&P 500 was nearly flat, while the Dow Jones industrial average eased 0.1%. Volume on the Nasdaq was tracking slightly higher than Tuesday's level. NYSE volume was a bit lower. (For updates on this story and other market coverage, check Stock Market Today).

JPMorgan ( JPM) outperformed in the Dow, rising more than 1%. The 10-year Treasury yield was up 4 basis points to 3% ahead of the conclusion of the two-day Federal Reserve meeting. A decision on interest rates is due at 2 p.m. ET.

The Federal Open Market Committee is widely expected to leave the federal funds rate unchanged at 1.75% to 2%, but will the Fed statement convey a slightly more hawkish tone due to a strengthening economy? It's possible, although inflation remains contained. A quarter-point hike is widely expected at the September meeting.

Apple Stock Soars

In stock market results today, Apple stock soared 5% to 199.75. It gapped up over a 194.30 entry after the company reported its seventh straight quarter of accelerating sales growth.

Inside the IBD 50, Viper Energy Partners ( VNOM) was a top gainer, rising 4.5% to 33.42. It's just below a 34.59 entry. Earnings are due Aug. 8 after the close. Viper is a subsidiary of IBD 50 stock Diamondback Energy ( FANG).

After the close, watch for earnings in the oil and gas sector from the likes of Marathon Oil ( MRO), Matador Resources ( MTDR) and Concho Resources ( CXO).

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90. Tech Stocks Lead As Apple Hits New Buy Point On Earnings BeatСр., 01 авг.[−]

The stock market moved up for a second straight day early Tuesday despite new trade-war threats between the United States and China. The Federal Reserve will announce its interest rate decision at 2 p.m. ET with no change in policy expected. Meanwhile, Apple's ( AAPL) strong earnings results lifted the tech-heavy Nasdaq, but Chinese internet leader Baidu ( BIDU) stumbled. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The tech-heavy Nasdaq paced the major stock market indexes with a 0.6% rise. The S&P 500 and the Dow Jones industrial average moved up about 0.15% apiece.

Among companies reporting earnings, Apple announced better-than-expected fiscal-Q3 earnings results, sending shares over 4% higher. Apple shares hit a record high and are in the 5% buy range from a 194.30 flat-base buy point. Shares originally topped the entry on July 25 but quickly moved lower, eventually finding support at the 50-day line.

Chinese internet leader Baidu faltered 5% after a report from the Intercept said Alphabet's ( GOOGL) Google plans to introduce a censored search engine in China. The news comes on the heels of Baidu's mixed Q2 results. Shares hit a multimonth low, as a breakout above a double bottom's 273.71 entry failed. The stock fell through its 200-day line.

After the market close, investors will shift their attention to payment processor Square ( SQ) and automaker Tesla ( TSLA).

Square is trading just above its 50-day line ahead of its Q2 results. Analysts expect the mobile-payments company to lose a penny per share on revenue of $775 million. Shares moved up over 2% Wednesday.

Tesla is trading under its 50- and 200-day moving averages after a June rally faltered. Investors will focus on the company's Model 3 production rate, the rate of cash burn and whether the company will need to raise more capital. Shares rose nearly 2%.

Inside The IBD 50

Among the top growth stocks, Paycom Software ( PAYC) surged over 16% and is out of buy range from a double bottom's 115.64 buy point. Late Tuesday, the enterprise software maker topped Q2 estimates and forecast better-than-expected Q3 sales.

On the downside, Idexx Laboratories ( IDXX) declined 5% after the company's Q2 results. Still, shares are holding above their 50-day line.

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The post Tech Stocks Lead As Apple Hits New Buy Point On Earnings Beat appeared first on Investor's Business Daily.


91. Stocks Inch Up On Apple, July Jobs Surprise: Google Eyes China EntryСр., 01 авг.[−]

Stocks climbed out of the starting gates Wednesday. Apple ( AAPL) and Shire ( SHPG) hoisted the Nasdaq. A surprise surge in July hiring countered fresh trade war threats form the White House. And Baidu ( BIDU) dived, Alphabet ( GOOGL) climbed, on reports that Google was preparing to re-enter China's internet.

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The Nasdaq Composite swung up 0.4% as Apple and Alphabet helped drive some early strength in tech stocks. Apple surged after its fiscal third-quarter report late Tuesday. Ireland-based Shire posted positive second-quarter results ahead of its $62 billion acquisition by Japan's Takeda. Paycom Software ( PAYC) set up for a possible breakout after its second-quarter results.

The Dow Jones industrial average edged a fraction higher, with Apple leading and tariff-sensitive CaterpillarCAT and 3MMMM posting the deepest early declines. The S&P 500 added 0.1%, with HanesBrands ( HBI) taking the hardest early hit among S&P 500 stocks.

White House Amps Up Trade War Threats

China's markets fell hard as news reports said some U.S. presidential advisers were pressing for a sharp increase in the proposed tariffs aimed at $200 billion in China-made goods. Reports said the administration was considering increases to 25% tariffs, vs. an initial 10% duty. The White House should make a decision on the broadened tariff schedule later in August.

The White House currently has 25% tariffs imposed upon China-made imports valued at $34 billion per year. It is preparing to launch equal penalties on another $16 billion in goods, as early as this week.

The Shanghai Composite dived 1.8%, and Hong Kong's Hang Seng index pulled back 0.9%. Stocks in Japan powered higher, with Tokyo's Nikkei 225 taking a 0.9% gain. Japanese stocks tracked a positive performance by U.S. markets on Tuesday, and were lifted by a declining yen.

In Europe, stocks fell in afternoon trade. The FTSE 100 in London tumbled 1.1%, while the Frankfurt in DAX dropped 0.5% and Paris' CAC-40 held to a 0.1% decline.

Baidu Tumbles On Google's Project Dragonfly

China-based search engine Baidu slumped nearly 6%, after reports said Alphabet's Google was prepared to re-introduce its search services to China's internet. Online news site The Intercept reported that Google's project Dragonfly is a version of its search application that blocks results according to government sensibilities.

"The app has already been demonstrated to the Chinese government," The Intercept reported, "the finalized version could be launched in the next six to nine months, pending approval from Chinese officials."

Google's current search services have been unavailable to most internet users in China since 201o, when Google exited the country due to censorship concerns.

Alphabet rose 1.4% in premarket trade. Baidu shares have been in a choppy consolidation since May. The consolidation has maintained steady support at its 40-week moving average. Wednesday's premarket action implies an open sharply below that line of support.

Apple, Paycom Enter Buy Zones; HanesBrands Dives

Apple shares jumped more than 4% after reporting, late Tuesday, a 40% earnings increase and a 17% rise in revenue for its third quarter. Earnings of $2.34 a share on $53.3 billion in revenue were both easily above consensus views. IPhone sales came in at 41.3 million units during the quarter, just below targets for 42 million units. But dollar sales topped expectations due to price increases. Apple opened in a buy range, above a flat base buy point at 194.30.

Paycom Software traded more than 8% higher ahead of the open. The provider of cloud-based human capital management tools reported a 69% per-share earnings gain in its second quarter, and a 31% revenue advance, comfortably clearing analyst forecasts. Management also raised its third-quarter revenue guidance to above the consensus number. Paycom ended Tuesday a shade less than 9% below a 115.64 buy point in a double-bottom base.

HanesBrand toppled 17% lower following its second-quarter report. Earnings slipped 15%, more than expected, while a 4% revenue gain narrowly topped views. The company said it would not renew its contract with Target ( TGT) for exclusive sales of the C9 athletic wear, after the agreement expires in 2020.

Burger King and Tim Horton's restaurant chain owner QSR Brands ( QSR) dropped 1.4% after reporting mixed second-quarter results.

Automakers Tesla ( TSLA) and Ferrari ( RACE) reports results after today's closing bell.

Federal Reserve Curve Ball, Hiring Surges In July

The Federal Open Market Committee winds up its two-day meeting with a 2 p.m. announcement today. No change in policy is expected, but the post-meeting statement will be closely parsed for any change that might qualify the Fed's accommodative stance. Any change would be likely to move the market.

U.S. non-farm employers added 219,000 workers in July, according to ADP's National Employment report. That was far above June's 177,000 new hires and blew out economist expectations for a decrease to 173,000. Mid-size businesses did 54% of the hiring, ADP said, with 82% of the job creation occurring in the services sector. Some 85,000 of the new jobs were in education, healthcare, leisure and hospitality.

June construction spending estimates from the Commerce Department, manufacturing gauges from the Institute of Supply Management and Markit roll out later in the morning. Automakers are also due to report June sales.

Oil prices remain volatile and, with weekly data due from the Energy Information Administration, could factor into Wednesday's trade. West Texas Intermediate dropped 1.6%, to below $68 per barrel, in early trade, following a 2% dive on Tuesday.

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The post Stocks Inch Up On Apple, July Jobs Surprise: Google Eyes China Entry appeared first on Investor's Business Daily.


92. Apple Hits Buy Zone, Eyes $1 Trillion; Trump Mulls Higher China Tariffs: Dow Jones FuturesСр., 01 авг.[−]

Nasdaq futures rose early Wednesday amid big moves by Apple ( AAPL) and other top-rated tech stocks on earnings. But Dow Jones futures and S&P 500 futures were slightly lower on word that President Donald Trump is mulling a higher 25% tariff rate on a planned $200 billion in Chinese goods.

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IBD 50 stock Paycom Software ( PAYC) spiked past a buy point. Highly rated Ultimate Software ( ULTI), Mindbody ( MB) and Zendesk ( ZEN) also moved overnight on earnings. Chinese livestreaming IPO iQiyi ( IQ) and its search engine parent Baidu ( BIDU) were up and down after their mixed results.

Dow Jones Futures Today

Dow Jones futures fell 0.1% while S&P 500 futures lost a fraction, after previously rising modestly late Tuesday. Nasdaq 100 futures rose 0.2% after being up more than 0.6% Tuesday evening. Apple stock is a member of the Dow Jones, S&P 500 index and Nasdaq composite.

Apple earnings and other tech reports fueled stock market futures initially. But they faded as the Trump administration is now considering a 25% tariff on $200 billion in Chinese goods, up from prior plans for a 10% duty. That's according to multiple reports late Tuesday.

The U.S. has already imposed a 25% tariff on $34 billion in Chinese goods, with a review period for another $16 billion ending Wednesday. China has already responded with tariffs on $34 billion in U.S. goods.

Keep in mind that the major averages rallied in Tuesday's stock market trading on a report the U.S. and China would resume trade talks soon. The Dow Jones climbed 0.4% and the S&P 500 index 0.5%. The Nasdaq rebounded 0.6%, reclaiming its 50-day line after a three-day sell-off.

Meanwhile, the Federal Reserve concludes its two-day policy meeting Wednesday afternoon. No Fed rate hike is expected, but policymakers may offer hints about whether they still plan two more increases in 2018 and three next year.

Apple Earnings

Apple earnings rose 40% to $2.34 in the iPhone maker's fiscal Q3, easily beating views for $2.18. Revenue climbed 17% to $53.27 billion, also topping.

Apple iPhone shipments hit 41.3 million, slightly below some estimates. But high-margin services revenue jumped 31% to $9.55 billion.

Apple sees fiscal Q4 revenue of $60 billion to $62 billion vs. views for $58.655 billion. That could mean that Apple will release its latest iPhone models in September vs. in the holiday Q1.

Apple stock leapt 4% to 197.90 early Wednesday, blasting above a 194.30 buy point from a flat base within a base-on-base formation. That would be a new all-time high as well. Shares closed up 0.2% at 190.29. Apple stock has been finding support near the 50-day moving average.

At Tuesday's close, Apple had a market cap of $935.3 billion. Apple stock would need to rise nearly 7% Wednesday to hit $1 trillion.

Apple iPhone chipmakers have lagged in 2018, but Broadcom ( AVGO), Skyworks ( SWKS) and Qorvo ( QRVO) rose late. So did FANG stocks Facebook ( FB), Amazon.com ( AMZN), Netflix ( NFLX) and Google parent Alphabet ( GOOGL).

Keep in mind that overnight action in Apple stock and Dow Jones futures may not carry over into actual trading in the next regular session.

Paycom Software Earnings

Paycom Software earnings and revenue were better than expected, with the human-resources and payroll-processing software firm guiding higher. Part of the IBD 50 stock list, Paycom stock soared 8.9% to 115.70 after hours, just above a 115.64 double-bottom base buy point. Shares were not yet active Wednesday.

Paycom stock sold off Friday and Monday and rose 3% to 106.25 on Tuesday.

Other Software Earnings

Ultimate Software earnings and sales also topped analyst forecasts. Like Paycom, a vendor of human capital management software, Ultimate Software also gave bullish guidance. Ultimate Software stock rose 1% late after rebounding from its 50-day line in the regular session.

Zendesk earnings cleared views. The maker of customer service software guided upon Q3 and Q4 revenue. Zendesk stock popped 7.6%, signaling a move back above its 50-day line after a four-day slide.

Mindbody earnings results topped, with a smaller-than-expected adjusted loss. But its Q3 and full-year revenue targets suggested that the company might miss the consensus. Mindbody stock tumbled 7.3% late, threatening to undercut its 200-day line.

IQiyi Stock Soars On Subscriber Growth

IQiyi stock shot up late after releasing Q2 results. The Chinese livestreaming firm, known as the "Netflix of China," reported revenue of $932.5 million, which appeared to miss views for $959 million. Subscribers rose 75% to 67.1 million, including 66.2 million paid subscribers.

IQiyi stock rose 1.5% early Wednesday after vaulting 6.5% late Tuesday. Shares rose 4.2% to 32.02 on Tuesday but could not reclaim their 50-day moving average after closing below that level for the first time on Monday.

The company came public at 18 in late March and shot up to 42.23 on June 19.

Search giant Baidu ( BIDU), which holds a 70% stake in iQiyi, easily topped EPS views late Tuesday, though revenue came in a little short. Baidu stock rose late but was down 6% early Wednesday.

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The post Apple Hits Buy Zone, Eyes $1 Trillion; Trump Mulls Higher China Tariffs: Dow Jones Futures appeared first on Investor's Business Daily.


93. Stock Market Up, As Street Awaits Fed's WordВт., 31 июля[−]

The stock market ended a three-session dive Tuesday, as the Street awaited Wednesday's conclusion of the Federal Reserve meeting.

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Stock analysts are expecting no change in the Fed's telegraphed stance — no rate hike now but two more by year's end.

Small caps led Tuesday's session as the S&P 600 popped 1.2%. The Nasdaq advanced 0.5%; the S&P 500, also added 0.5%; and the Dow Jones industrial average tacked on 0.4%.

Volume rose on the NYSE but fell on the Nasdaq, according to preliminary data.

While the bulls welcomed the day's positive tilt, the Nasdaq patched over only about a sixth of the three-day dent.

Bulls found some consolation in the action around support and resistance areas. The Nasdaq retook its 50-day moving average. The S&P 500 bounced off the 2800 price level, an area that appears to be acting as support.

Gene-sequencing company Illumina ( ILMN) was a strong performer. The stock jumped 12% in red-hot volume. The stock is extended about 25% from a 256.74 buy point. A 20% to 25% gain constitutes a profit-taking zone.

Shareholders should stand pat only if they have conviction that the stock can become an elite leader.

Hopes On Apple

After the close, analysts will be poring over the quarterly report from Apple ( AAPL). The stock is well-positioned for a possible breakout over a 194.30 buy point. The base is first stage.

Bulls are hoping that a strong report from Apple will fire up the stock market.

In economic-related news, Bloomberg News reported that China and the U.S. were hoping to restart talks on trade.

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The post Stock Market Up, As Street Awaits Fed's Word appeared first on Investor's Business Daily.


94. Small Caps, Dow Stocks Lead Market Gains; Why Apple Is Poised For A Big MoveВт., 31 июля[−]

Industrial and cyclical companies rebounded and small caps led a broad advance in stocks Tuesday. Investors, meanwhile, awaited quarterly results on Apple, due after the close.

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Apple ( AAPL) continues to act like a market leader. Shares, which at one point rose 1.1% to hit a session high of 192.14, are up more than 12% since Jan. 1 and thus crushing the S&P 500's return. Apple stock is also holding on to a narrow profit of roughly 7% since it broke out of a seven-week double bottom that presented a 179.04 proper buy point.

As of 3:45 p.m. ET, Apple helped the Nasdaq composite rise nearly 0.5% in late-afternoon trading Tuesday, following Monday's 1.4% shellacking. At its session peak, the Nasdaq rose 1%.

The Nasdaq composite, still the premier index for growth companies, is flirting with its 50-day moving average for the first time in nearly four weeks. During much larger pullbacks in late January to early February and in March, the tech-driven index sliced right through its 50-day line but stayed on the north side of the longer-term 200-day moving average.

In strong bull markets, the major indexes rise ahead of their 50-day moving averages rather than swim underneath them. You can see the 50-day moving average drawn in red in all IBD daily charts.

A rising 50-day line means that over the past 50 trading session, the general trend of equities is up.

On Monday, due to a big sell-off among leading companies, IBD downgraded the current outlook of the market.

Apple is also part of the Dow Jones industrial average, which rallied 0.4%. Apple is one among nine of the 30 components up 1 point or more. The Dow Jones industrials are price-weighted, so larger-priced stocks have more influence on the index's daily price changes.

Dow Jones components 3M ( MMM), Caterpillar ( CAT) and United Technologies ( UTX) rose 1 point or more. Within the Nasdaq exchange, Illumina ( ILMN) and KLA-Tencor ( KLAC) showed unusual strength. KLA is forming the right side of a new choppy base.

The S&P 500 gained less than 0.5%, while small caps outperformed. The Russell 2000 gained more than 1.1% with less than hour to go in the regular session. The S&P SmallCap 600 also gained 1.1%; at 1048, the 600 is up 12% year to date and lies less than 2% below an all-time peak of 1062.

Apple Earnings And Outlook

The Street still expects Apple to post a sixth straight quarter of double-digit profit growth. Analysts see earnings in the June-ended fiscal third quarter rising 31% to $2.18 a share on a 15% jump in revenue to $52.34 billion.

While investors will most certainly be focused on the company's performance with its flagship iPhone product, keep in mind that the company has done a good job of creating new products and services to broaden its revenue streams.

In the year-ago quarter, Apple's sales rose just 7%.

Yet since then, the revenue growth rate has accelerated to 12% in fiscal Q4 of 2017, then gains of 13% and 16% in the two most recent quarters.

According to Yahoo Finance, the highest estimate for the top line among 29 equity research analysts is $53.49 billion, up 17.8%. The lowest estimate: $49 billion, up 7.9%.

Investors also will be looking for clues on how Apple may further use its gigantic cash pile to enhance shareholder value. It's already announced plans to buy back an additional $100 billion worth of common stock.

Apple also pays a quarterly dividend of 73 cents a share. That gives the stock an annual yield of 1.5%.

Read this earlier Stock Market Today column to know more about the current buy point of 194.30 in a new flat base for the iPhone, iMac, Apple Watch and digital services giant.

Square Results On Wednesday

Elsewhere, Square ( SQ) fell for a fourth straight session. But the 1% drop to 64.93 was milder than Monday's 6% sell-off.

The San Francisco-based small-business technology and financial services firm is testing its fast-rising 50-day moving average. Shares have bolted 87% higher since Jan. 1.

Square reports Q2 results Wednesday after the close.

Analysts expect earnings to rise 71% to 12 cents a share. It would mark Square's first double-digit earnings gain on a per-share basis.

Square earned 6 cents to 8 cents a share in each of the prior four quarters. EPS grew 250%, 600%, 60% and 20% vs. year-ago levels over that time frame.

Restaurant Stocks Drop

On the downside, Chipotle Mexican Grill ( CMG) gapped lower at the open and dropped as much as 8% to an intraday low of 425.88 before rebounding some. The fast-casual restaurant chain is celebrating National Avocado Day with free guacamole additions to its tacos and burritos Tuesday. But shares dived on news of customers getting sick after dining at a Chipotle location in Powell, Ohio, just north of Columbus.

McDonald's ( MCD) fell less than 1%, while Shake Shack ( SHAK) rebounded from an early sell-off to a session low of 59.75 and gained 1%.

Back Below $70

In other markets, West Texas Intermediate near-term futures prices dropped 1.6% to $68.98 a barrel.

Ahead of a new announcement on interest rates expected by the Federal Reserve on Wednesday afternoon, bonds rose in price. The yield on the benchmark U.S. Treasury 10-year bond slipped 3 basis points to 2.95%. That's still below the May peak of 3.11%.

Yields on the 3-month T-bills and 2-year Treasury notes stood at 2.01% and 2.67%. So, while the long-dated end of the yield curve has flattened some, the overall Treasury bond yield curve maintains a positive shape.

"The FOMC is almost certain to keep rates unchanged this week," Peng Zhou, managing director of derivatives at $50 billion Sun Life Investment Management, told IBD. "Its statement will likely remain upbeat and support the market-expected September rate hike. Recent data indicated that U.S. growth was solid and the financial condition was stable. While there is rising trade uncertainty, the Fed officials believe that trade concerns have not affected growth."

"The Fed may tweak language a bit to acknowledge the higher unemployment rate in June. Currently, the market priced in a 92% chance of a September rate hike," Zhou added.

The fed funds rate, charged on overnight loans from the central bank to Wall Street firms and other big banks, is currently at a target range of 1.75%-2%.

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

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The post Small Caps, Dow Stocks Lead Market Gains; Why Apple Is Poised For A Big Move appeared first on Investor's Business Daily.


95. Stock Indexes Hold At Key Levels As This Dow Component Hits Buy PointВт., 31 июля[−]

Stock indexes extended gains in afternoon trading Tuesday as the Nasdaq composite and S&P 500 held at critical support levels.

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The Nasdaq bounced back above the 50-day moving average following a brief dip below the line. The composite was up 0.8% as semiconductor, biotech and solar industry groups helped the tech-heavy index.

The S&P 500 climbed 0.7% and held above the 2800 price level. So far, the index is passing a key test of support at that price. The market needs the Nasdaq and S&P 500 to hold the support levels to end the slump of the past few days.

The Dow Jones industrial average added 0.7%. Dow component Pfizer ( PFE) broke out of a cup without handle in heavy volume after the pharmaceutical company beat second-quarter expectations but gave a soft forecast.

Volume was tracking higher on the NYSE and lower on the Nasdaq compared with the same time Monday. Advancers led decliners 12-to-5 on the NYSE and by 2-to-1 on the Nasdaq. (For updates on this story and other market coverage, check Stock Market Today.)

Small Caps Outperform

Small caps and transportation stocks outperformed. The Russell 2000 was up 1.2%, which would be its best increase since May 30. The Dow transports rallied 1.6%, with trucking, logistics, airfreight and shipping groups among the top 25 of 197 industry groups.

Forward Air ( FWRD) broke out of a cup with handle base after the contractor for air-cargo companies beat sales and earnings expectations. It is in buy range from the 64.06 buy point.

Telecom, metals and machinery stocks also were leading the market. Food, energy and banking stocks lagged.

Building products was the No. 5 industry group, thanks to Trex ( TREX). The decking and fencing products maker soared 21% after the company easily beat profit and sales estimates for Q2. Shares jumped after pulling back to the 50-day moving average. The stock is now extended.

Echo Global Logistics ( ECHO) followed through on a breakout and hit a record high. The stock, discussed in the New Highs column Monday, is up nearly 5% from a 33.05 buy point. The relative strength line made a new high, which is a plus.

But there were plenty of top-rated stocks falling sharply after earnings reports.

Texas Roadhouse ( TXRH) plunged below its 50-day moving average after the steakhouse chain missed profit expectations. IPG Photonics ( IPGP) plummeted 25% in huge volume after it also missed profit views.

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The post Stock Indexes Hold At Key Levels As This Dow Component Hits Buy Point appeared first on Investor's Business Daily.


96. Illumina Soars On Earnings As Dow, S&P 500, Nasdaq Hold Solid GainsВт., 31 июля[−]

Shares of IBD 50 name Illumina soared Tuesday on strong earnings, and major stock indexes were near session highs. Positive sentiment was fueled by another round of strong earnings reports, plus news that trade talks with China could restart soon.

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Other earnings reports on Wall Street's radar included KLA-Tencor ( KLAC), Ralph Lauren ( RL) and enterprise software name AppFolio ( APPF).

The Nasdaq composite, S&P 500 and Dow Jones industrial average showed gains of 0.6% to 0.8%. Small caps led the way with the Russell 2000 up 0.7%. Volume on the NYSE and Nasdaq was tracking close to Monday's levels at the same time of day.

Dow components 3M ( MMM), Pfizer ( PFE) and Caterpillar ( CAT) showed gains of at least 2%.

FAANG stock Apple ( AAPL), meanwhile, edged higher ahead of its earnings report after the close. According to Zacks, quarterly profit is expected to rise 30% from a year ago to $2.17 share, with sales up 15% to $52.37 billion.

Illumina Jumps

Illumina ( ILMN) jumped 10% on stronger-than-expected earnings and bullish guidance. The company provides sequencing technology for genetic analysis.

In stock market results today, chip-equipment firm KLA-Tencor caught the stock market off guard with a strong earnings report. Shares gapped up powerfully to the top of a long consolidation. The stock's 50-day and 200-day moving average were nearly converged ahead of the results, a sign of sluggish price performance in recent months.

Elsewhere, Ralph Lauren also gapped up on strong results, but gains faded badly after the stock topped a 146.04 entry.

After flashing a sell signal from a 68.60 entry, AppFolio jumped 13%. The company reported its second straight quarter of triple-digit earnings growth. Sales rose 31% to $206.7 million.

Heavy-volume gainers in Stocks On The Move included Simpson Manufacturing ( SSD). The thinly traded name gapped up over a 67.42 entry on strong earnings.

The two-day Federal Reserve meeting got underway today and a decision on interest rates is due Wednesday at 2 p.m. ET. Futures traders are not expecting a rate hike this time around, but another quarter-point hike is expected at the September meeting.

In economic news, personal income and spending rose 0.4% in June. The Fed's preferred measure of inflation rose 2.2% on a year-over-year basis. The core rate is at 1.9%.

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The post Illumina Soars On Earnings As Dow, S&P 500, Nasdaq Hold Solid Gains appeared first on Investor's Business Daily.


97. Stocks Pare Early Gains; Apple Earnings On TapВт., 31 июля[−]

The stock market opened solidly higher after a report that the U.S. and China were trying to restart talks to avoid a trade war, but the Nasdaq pared gains. Meanwhile, Apple ( AAPL) earnings results after the market close headline a number of top companies reporting earnings, including Baidu ( BIDU) and Paycom Software ( PAYC). In addition, top stock Illumina ( ILMN) soared after a strong earnings release and neared a new high. (For updates on this story and other market coverage, visit the Stock Market Today.)

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The Dow Jones industrial average advanced 0.4%. The S&P 500 edged up 0.25%, trying to snap a three-day losing streak. The tech-heavy Nasdaq, which had reclaimed its 50-day line near the open, was up a fraction after briefly turning negative.

Among companies reporting earnings, IBD 50 stock Illumina soared 7% after the company reported better-than-expected Q2 earnings results late Monday. Shares are rebounding from their 50-day line and are about 20% above a 256.74 flat-base entry.

After the market close, Apple will announce its fiscal-Q3 earnings results. Analysts expect EPS of $2.18 on revenues of $52.34 billion. Shares were little changed in morning trade, as they linger just above their 50-day line. The stock hit a new high on July 25, as it broke out out past a flat base's 194.30 buy point, but is now below that entry.

Meanwhile, Paycom Software declined more than 1% ahead of its own earnings release, with shares stuck under their 50-day line. Consensus estimates show the cloud-based software company earnings 48 cents per share on sales of $124.2 million.

Lastly, Baidu's earnings are expected to measure $2.14 per U.S. share with revenue of $4.011 billion. Shares are consolidating around their 50- and 200-day moving average lines.

Chipotle Mexican Grill ( CMG) plunged 8% on a Business Insider report that the company closed an Ohio restaurant following reports of customers turning ill. Shares hit a new 52-week high on Friday after the company's strong earnings results.

Inside The IBD 50

Among the top growth stocks, PRA Health Sciences ( PRAH) rose 1% and is about 9% above a recent 96 buy point. The stock has been relatively unscathed from the market's recent weakness, as indicated by the stock's strong relative strength line.

On the downside, Viper Energy Partners ( VNOM) fell more than 3%, as the stock once again approached its 50-day line. Shares broke out past a 33.73 cup-shaped base entry in early July, but quickly triggered the 7%-8% sell signal.

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The post Stocks Pare Early Gains; Apple Earnings On Tap appeared first on Investor's Business Daily.


98. Stocks Turn Higher, Boosted By KLA-Tencor, U.S.-China Trade TalksВт., 31 июля[−]

Stocks opened higher Tuesday, then received an added boost as news reports said officials in the U.S. and China would resume talks in order to avert a trade war.

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Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are having private conversations as they look for ways to reengage in negotiations, according to an early report from Bloomberg. The U.S. is set to launch fresh tariffs on $16 billion in China-made imports as early as Wednesday.

The Federal Open Market Committee swings into its two-day meeting Tuesday. Also, the news media contracts its quarterly case of Apple ( AAPL) fever, as the iPhone maker prepares to report fiscal third-quarter results after the close. Positive earnings reports late Monday from Illumina ( ILMN) and KLA Tencor ( KLAC) helped bolster early tech-sector action. But the session is really a preface to Wednesday's reaction to Apple's results and the afternoon rate policy announcement from the Fed.

The Dow Jones industrial average and the S&P 500 opened up 0.5% each. Tariff-sensitive 3M ( MMM) and Caterpillar ( CAT) led, up more than 1% apiece.

The Nasdaq Composite also climbed 0.5%. Illumina and KLA-Tencor led the Nasdaq 100 and the S&P 500. (For updates on this story and other market coverage, visit the Stock Market Today.)

For July, the Dow Jones industrial average opened Tuesday ahead 4.3% for the month. The S&P 500 has so far notched a 3.1% gain. The Nasdaq is up 1.6%, after losing nearly 4% over the past three sessions. The result puts the Nasdaq at just about half of its 3.4% average gain in July over the past 10 years. It also places the Nasdaq in a test of support at its 50-day moving average.

Growth in personal income and consumer spending moderated slightly in June, the Commerce Department reported. Income and spending each rose 0.4%, in line with economist forecasts and vs. 0.5% gains in May. Inflation pressure eased a notch, as expected, with the PCE Price Index rising 0.1%, down from May's 0.2% increase. Year-over-year, core prices were up 1.9%, just below consensus views for a 2% increase.

Home price growth eased slightly in May, with the S&P Case-Shiller Home Price Index up 6.5% for the month. That was just below expectations for steady reading at 6.6%.

The Chicago Purchasing Managers Index from Kingsbury International and July consumer confidence numbers from the Conference Board are slated for release by 10 a.m.

China's markets ended Tuesday narrowly mixed. In Japan, Tokyo's Nikkei 225 managed a fractional gain. Europe's markets turned mixed in afternoon action. The CAC-40 in Paris defended a 0.2% gain. Frankfurt's DAX fell 0.2%. The FTSE 100 in London held its 0.7% gain, bolstered by BP's ( BP) post-earnings rally.

Illumina, KLA-Tencor Lead Tech Stocks; IGT, Cognex Rally

Archer Daniels Midland ( ADM) popped 2.2%, BP jumped 1.4% at the open, following earnings reports early Tuesday.

International Game Technology ( IGT) jumped 5% and Cognex ( CGNX) hurtled 15% higher following their quarterly reports.

IBD 50 stock Illumina vaulted 7%, after its second-quarter results topped analysts' targets by wide margins. Management lifted full-year earnings guidance well above consensus views. Sharp declines on Friday and Monday sent the maker of genetic test and sequencing tools to a test of support at its 10-week moving average. The early move left shares extended after a rebound from that line of support, and at new highs.

Chip manufacturing gear leader KLA-Tencor bolted 14% higher. The Milpitas, Calif.-based company reported a sound fiscal fourth-quarter beat on both its earnings and revenue lines late Monday. The gain broke the stock out above a 118.66 buy point in an eight-week cup base.

Lumber Liquidators ( LL) tanked 20%, after reporting a per-share loss of 5 cents, vs. consensus views for a 25-cent gain. Sales topped analyst views. The loss left the stock down 37% for the year.

IPG Photonics ( IPGP) folded and fell 24%. The laser instrument maker missed on both its revenue and earnings lines, and guided third-quarter earnings to well below analyst consensus numbers.

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The post Stocks Turn Higher, Boosted By KLA-Tencor, U.S.-China Trade Talks appeared first on Investor's Business Daily.


99. Apple Earnings Due With Stock Market Leaders In Tatters: Dow Jones FuturesВт., 31 июля[−]

Dow Jones futures rose slightly early Tuesday along with S&P 500 futures and Nasdaq futures. Apple ( AAPL) headlines big earnings reports Tuesday, along with top-rated software stocks Paycom Software ( PAYC), Mindbody ( MB), Qualys ( QLYS), Shopify ( SHOP) and Zendesk ( ZEN). Apple stock is near a buy point, but true stock market leaders are suffering heavy damage. Chipotle Mexican Grill ( CMG), which blasted out to a 13-month high Friday on earnings, tumbled overnight on a report that it has closed an Ohio location due to reports of customers getting sick.

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Dow Jones Futures Today

Dow Jones futures rose 0.1% vs. fair value. S&P 500 futures climbed 0.2%. Nasdaq 100 futures were up 0.2%.

Stock Market Skids As Leaders Plunge

In Monday's stock market trading, the Dow Jones and S&P 500 retreated 0.6%. The Nasdaq composite fell 1.4%, closing below its 50-day moving average for the first time since May 3. FANG stocks and other growth stocks sold off, adding to recent losses. Software stocks, which have been market leaders in 2018, were among Monday's worst performers. Software groups accounted for six of the seven biggest losers and 10 of the worst 13. Paycom stock fell 4.5%, Mindbody stock 6.3%, Qualys stock 2.4%, Shopify stock 7.5% and Zendesk stock 4.3%. All fell below their 50-day lines, with only Qualys closing above that key support.

Apple stock dipped 0.6%, holding above its 50-day.

A rare area of strength was in energy stocks, as U.S. crude rallied to reclaim $70 a barrel.

Still, Monday's market action underscores how top stocks are struggling, raising questions about which stocks and sectors will lead the market. Remember, judge the stock market's health by the action of the major indexes and leading stocks. The S&P 500 and other major stock averages are still close to record highs, despite Monday's retreat. But top stocks have been showing bearish action.

This is a particularly important day to read The Big Picture.

Apple Earnings

Apple earnings are expected to rise 31% to $2.17 a share. Fiscal third-quarter revenue should climb 15% to $52.215 billion, even with iPhone shipments rising just 2% to 41.8 million units.

Apple stock — a member of the Dow Jones, S&P 500 index and Nasdaq composite — hasn't been a true market leader for quite a while. It's been rising in line with the Nasdaq composite in 2018. Over the last several weeks, Apple's relative strength line, which tracks a stock's performance vs. the S&P 500 index, has been edging lower. The RS line hasn't made headway since November.

Apple had one powerful run this year, a 17% surge over nine sessions in late April to early May. That reflected strong earnings, a huge buyback and dividend hike, and Warren Buffett announcing that Berkshire Hathaway ( BRKB) had greatly boosted its Apple stock holdings.

Apple stock briefly cleared a 194.30 flat-base buy point last week, but quickly pulled back. Shares closed at 189.91 on Monday.

Apple earnings increasingly rely on high-margin services revenue for growth. With iPhone sales stagnant, Apple chipmakers have struggled.

Shopify Earnings

Shopify earned 2-cents a share adjusted, the e-commerce software platform operator reported early Tuesday, defying views for a 2-cent loss and a year-ago 1-cent loss. While the profit technically was a surprise, Shopify has beaten estimates handily in the prior three quarters. Revenue rose 62% to $245 million, also topping.

Shopify stock rose 1.9% in early trading Tuesday.

For details on what to expect from Paycom Software, Mindbody and Qualys later today, check out the latest Investing Action Plan.

Chipotle Stock: The 12-Hour Flu?

Chipotle Mexican Grill closed down 1.45%, but that followed Friday's 5.7% spike on strong earnings. The burrito chain seemed to be building momentum after several foodborne illness outbreaks slammed the stock in 2015-16.

But Chipotle stock sickened late on a Business Insider report that it closed a Powell, Ohio, restaurant following reports of customers turning ill. Chipotle fell 1% early Tuesday, but off Monday night lows.

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The post Apple Earnings Due With Stock Market Leaders In Tatters: Dow Jones Futures appeared first on Investor's Business Daily.


100. Stocks Lose Again, As Nasdaq Sinks To 50-Day LineПн., 30 июля[−]

U.S. stock indexes stumbled Monday, as the Nasdaq led the way down for the third session in a row.

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The Nasdaq composite dropped 1.4%, while the S&P 500 and the Dow Jones industrial average each fell 0.6%. Small caps held up slightly better with the S&P 600 dipping 0.5%.

Volume was lower on both major exchanges, according to preliminary data.

The Nasdaq closed mildly beneath its 50-day moving average, an area where the index will be testing support. A bounce off the line would be bullish. A slicing under would be bearish.

The S&P 500 has a small cushion above the 50-day line, but is testing previous resistance at the 2,800 price level.

FANG Stocks, Apple All Fall

All four FANG stocks were down. Facebook ( FB) sank 2%. Amazon.com ( AMZN) also lost 2%. Netflix ( NFLX) skidded almost 6%. Alphabet ( GOOGL) dumped 1.8%. Apple ( AAPL), which some consider deserving a place in the same leadership group, trimmed 0.5%.

Apple reports fiscal Q2 results after the close on Tuesday. Please read this recent Stock Market Today column for details on the outlook for Apple stock.

Among IBD's 197 industry groups, software and computer stocks took the day's hardest hits. Office supplies and oil stocks advanced.

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The post Stocks Lose Again, As Nasdaq Sinks To 50-Day Line appeared first on Investor's Business Daily.



 
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