Dow Jones Futures Rise: What To Do After Today’s Stock Market Fall; Netflix, Tesla Earnings Forward

Dow Jones futures had been larger late after right now’s inventory market fall, because the 10-year Treasury yield hit one other 52-week excessive. Tech earnings will kick off this week with highly-anticipated outcomes from Netflix (NFLX) and Tesla (TSLA).


Stock Market Today

On Monday, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 moved down lower than 0.1%. The tech-heavy Nasdaq composite fell a bit greater than 0.1%. Among change traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.1%, and the SPDR S&P 500 ETF (SPY) inched larger.

Electric-vehicle chief Tesla (TSLA) raced 2% larger Monday forward of this week’s earnings outcomes. Twitter (TWTR) jumped 7.5% after the corporate adopted a “poison pill” plan to discourage Tesla Chief Executive Elon Musk’s buyout.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 34412.61 -38.62 -0.11
S&P 500 (0S&P5) 4391.81 -0.78 -0.02
Nasdaq (0NDQC ) 13332.36 -18.72 -0.14
Russell 2000 (IWM) 197.62 -1.34 -0.67
IBD 50 (FFTY) 36.32 -0.22 -0.60
Last Update: 4:26 PM ET 4/18/2022

Despite the struggling inventory market rally, Dow Jones leaders American Express (AXP) and Caterpillar (CAT) — together with IBD Leaderboard watchlist inventory Edwards Lifesciences (EW), Murphy Oil (MUR), Raytheon Technologies (RTX), Shell (SHEL) and Ulta Beauty (ULTA) — are amongst Monday’s prime shares to purchase and watch.

Elsewhere among the many Dow Jones leaders, Apple (AAPL) declined 0.1% and Microsoft (MSFT) traded up 0.25% in right now’s inventory market.

Microsoft and Tesla are IBD Leaderboard shares. Caterpillar and Edwards Lifesciences had been featured on this week’s Stocks Near A Buy Zone column. Edwards was additionally Monday’s IBD Stock Of The Day. And Caterpillar is an IBD SwingTrader inventory.

Dow Jones Futures Today: Treasury Yields, Oil Prices

After Monday’s shut, Dow Jones futures rose 0.3% vs. honest worth, and S&P 500 futures gained 0.4%. Nasdaq 100 futures climbed 0.6% vs. honest worth. Remember that in a single day motion in Dow futures and elsewhere would not essentially translate into precise buying and selling within the subsequent common inventory market session.

The 10-year U.S. Treasury yield rose to 2.86% Monday, its highest stage since December 2018. Meanwhile, U.S. oil costs rallied about 1%, buying and selling simply above $107 a barrel.

Stock Market Rally Struggles: What To Do Now

On Monday, the inventory market completed with modest losses, extending Thursday’s sharp declines.

Even although the underlying uptrend remains to be intact, it is time to proceed with a higher diploma of warning. Be cautious of most new purchases and focus solely on shares which have distinctive fundamentals and heavy-volume breakouts previous appropriate purchase factors. Also, be versatile. The market could rebound and transfer again into “confirmed uptrend,” or the heavy promoting might persist and result in a correction.

Thursday’s The Big Picture column cautioned, “The Nasdaq has wiped out all gains from its March 18 follow-through and is below its 50-day moving average. The S&P 500 is still above its March 16 follow-through, for now.”

If you are new to IBD, think about looking at its inventory buying and selling system and CAN SLIM fundamentals. Recognizing chart patterns is one key to the funding tips. IBD affords a broad vary of development inventory lists, resembling Leaderboard and SwingTrader.

Investors can also create watchlists, discover firms nearing a purchase level, or develop customized screens at IBD MarketSmith.

Five Dow Jones Stocks To Watch Now

Dow Jones Stocks To Buy And Watch: American Express, Caterpillar

Dow Jones monetary inventory American Express is tracing a cup with deal with with a 194.45 purchase level. Shares rose 1.8% Monday, extending a win streak to a few classes and ending about 5% away from the most recent entry.

Meanwhile, IBD SwingTrader inventory Caterpillar is in purchase vary previous a cup-with-handle’s 227.15 purchase level following Thursday’s breakout transfer. The 5% purchase space goes as much as 238.51. A bullish indicator — the inventory’s RS line is at its highest stage since June 2021. Shares rallied virtually 1% Monday.

Four Top Growth Stocks To Watch In The Current Stock Market Rally

Stocks To Buy And Watch: Edwards, Murphy, Raytheon, Shell, Ulta

IBD Leaderboard watchlist inventory Edwards Lifesciences now reveals a cup with deal with with a 125.21 purchase level because of final week’s weak point. EW shares had been down 0.6% Monday.

Murphy Oil broke out previous an ascending base’s 43.30 purchase level amid Monday’s 3.2% advance. MUR inventory boasts an ideal 99 IBD Composite Rating, per the IBD Stock Checkup.

Defense contractor Raytheon Technologies completed slightly below a flat base’s 104.44 purchase level after shares inched larger Monday.

Oil-and-gas producer Shell, the April 1 IBD Stock Of The Day, is in purchase vary above a flat base’s 56.23 purchase level after Monday’s 0.4% rise. The 5% purchase space goes as much as 59.04.

Ulta Beauty shares are within the 5% purchase vary previous a cup-with-handle’s 408.83 purchase level, in line with IBD MarketSmith chart evaluation. The purchase space goes as much as 429.27. The inventory’s relative power line is at a brand new excessive, which is a key signal of market management. ULTA shares had been up lower than 0.1% Monday.

Join IBD specialists as they analyze main shares within the present inventory market rally on IBD Live

Netflix Earnings

Netflix earnings are anticipated late Tuesday and analysts say the corporate could possibly be anticipating its slowest development in 10 years. The firm’s earnings are anticipated to fall 22% to $2.92 per share on income of $7.93 billion. Sales are anticipated to rise 11% vs. the year-ago interval.

NFLX shares are greater than 50% off their 52-week excessive following Monday’s 1% decline.

Tesla Earnings

Tesla earnings are due out after the shut Wednesday. The EV large is anticipated to report earnings per share of $2.26 on gross sales of $17.59 billion, representing year-over-year will increase of 143% and 69%, respectively.

At the beginning of April, Tesla reported that it delivered 310,048 automobiles within the first quarter, up 68% from the year-earlier interval and slightly below analyst estimates of 312,000.

Tesla inventory raced 2% larger Monday, recovering part of Thursday’s 3.7% decline. Shares of the EV large completed Monday about 13% away from a cup-with-handle’s 1,152.97 purchase level.

The inventory traded as excessive as 1,243.49 on Nov. 4. and ended Monday about 19% away from that all-time excessive.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones shares, Apple shares triggered the 7%-8% loss-cutting rule from a 176.75 purchase level in a double-bottom base, falling beneath the 50-day line. Meanwhile, a deal with purchase level is the most recent entry to look at at 179.71. The inventory misplaced 0.1% Monday.

Software chief Microsoft rose 0.25% Monday, however stays sharply beneath its 50-and 200-day traces. The inventory is round 20% off its 52-week excessive.

Be certain to observe Scott Lehtonen on Twitter at @IBD_SLehtonen for extra on development shares and the Dow Jones Industrial Average.


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