Apple, Tesla Stock Eye Buy Points; Twitter Soars On Musk Stake| Investor’s Business Daily

Dow Jones futures had been decrease late after Monday’s tech-fueled inventory market rally forward of this week’s heavily-anticipated Fed minutes. Apple inventory reclaimed a purchase level, whereas Tesla made a bullish transfer after reporting document car deliveries. Twitter inventory soared after Tesla Chief Executive turned the most important shareholder within the social media firm.


Stock Market Today

On Monday, the Dow Jones Industrial Average climbed 0.3% and the S&P 500 moved up 0.8%. The tech-heavy Nasdaq composite outperformed, rallying 1.9%. Among trade traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) superior 2.1%, and the SPDR S&P 500 ETF (SPY) rose 0.9% Monday.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 34922.14 +103.87 +0.30
S&P 500 (0S&P5) 4582.62 +36.76 +0.81
Nasdaq (0NDQC ) 14532.55 +271.05 +1.90
Russell 2000 (IWM) 208.00 +0.43 +0.21
IBD 50 (FFTY) 39.25 +0.25 +0.64
Last Update: 4:32 PM ET 4/4/2022

Electric-vehicle chief Tesla (TSLA) raced greater than 5.5% larger Monday after the corporate’s announcement over the weekend. Twitter (TWTR) soared 27% after Tesla Chief Executive Elon Musk took a 9.2% stake within the social media firm for $2.89 billion.

Dow Jones monetary chief American Express (AXP) — together with Arista Networks (ANET), Broadcom (AVGO), IBD Leaderboard inventory Darling Ingredients (DAR), Regeneron Pharmaceuticals (REGN) and Shell (SHEL) — are Monday’s high shares to purchase and watch.

Elsewhere among the many Dow Jones leaders, Apple (AAPL) rallied 2.4% and Microsoft (MSFT) traded up 1.8% in immediately’s inventory market. American Express, a Dow Jones inventory to look at, is approaching a purchase level.

Arista, Microsoft and Tesla are IBD Leaderboard shares. Darling Ingredients and Tesla inventory had been featured on this week’s Stocks Near A Buy Zone column.

Dow Jones Futures Today: Oil Prices, Treasury Yields, Fed Minutes

After Monday’s shut, Dow Jones futures, S&P 500 futures and Nasdaq 100 futures had been every down 0.1% vs. honest worth. Remember that in a single day motion in Dow futures and elsewhere does not essentially translate into precise buying and selling within the subsequent common inventory market session.

The 10-year U.S. Treasury yield rose to 2.41% Monday. U.S. oil costs jumped greater than 4% Monday, as West Texas Intermediate crude traded close to $104 a barrel.

Minutes from the Federal Reserve’s March coverage assembly are due out at 2 p.m. ET Wednesday. On March 16, the Federal Reserve hiked its key rate of interest for the primary time since 2018. Policymakers revealed their expectation for a complete of seven quarter-point charge hikes this 12 months and a minimum of three extra in 2023.

Stock Market Rally: What To Do Now

On Monday, inventory market put in a constructive efficiency Monday with the tech-heavy Nasdaq charging larger. During market uptrends, you need to steadily increase publicity in shares, as you sync your portfolio and mindset with the inventory market motion. As all the time, be conscious of potential promote guidelines and do not let losses surpass greater than 7%-8% on any particular person commerce.

Friday’s The Big Picture column commented, “Oil and gas stocks dominated the upside again in the MarketSmith Growth 250, but it’s hard to find actionable stocks because they’ve been running higher for a while. The sector is filled with extended stocks. The same holds true for mining, steel, fertilizer and shipping stocks, which continue to show relative strength. The main challenge for investors at this point is finding good setups. Don’t force the issue by buying laggard stocks in an industry group.”

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

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

Four Dow Jones Stocks To Watch Now

Dow Jones Stocks To Buy And Watch: American Express

Dow Jones monetary inventory American Express is tracing a cup with deal with with a 194.45 purchase level. Shares rose 0.3% Monday, ending about 3% away from the most recent entry.

Keep a watch on the inventory’s relative power line. Amid its latest ascent, the RS line is nearing its previous highs, however does have some work minimize out for it forward of a possible breakout. The RS line measures a inventory’s value efficiency vs. the S&P 500. The RS line ought to hit a brand new excessive on the breakout day or shortly thereafter to verify the power of inventory’s breakout.

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

Stocks To Buy And Watch: Arista, Broadcom, Darling, Regeneron, Shell

Arista Networks moved out of purchase vary previous a double backside’s 133.97 purchase level after rising 2.3% rise Monday, in accordance with IBD MarketSmith charts.

Chip large Broadcom gained 1.25% Monday, snapping a three-day dropping streak. The inventory continues to carry above an early entry at 614.74. Shares proceed to rally up the proper facet of a 13-week cup base. The cup base’s correct purchase level is 677.86.

IBD Leaderboard inventory Darling Ingredients completed Monday in purchase vary previous a 80.31 cup-with-handle purchase level. Shares dipped 2.6% Monday.

Biotech chief Regeneron Pharmaceuticals stays in purchase vary above a 673.96 flat-base entry within the wake of a March 16 breakout transfer. REGN shares examined the purchase level on March 23 earlier than regaining the purchase level on March 24. The 5% purchase zone tops out at 707.66. The inventory was up 0.5% Monday.

Oil-and-gas producer and Friday’s IBD Stock Of The Day, Shell, is inside putting distance of a flat base’s 56.23 purchase level. Shares rose 0.2% Monday.

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

Tesla Stock

Tesla inventory surged 5.6% Monday after the corporate reported document car deliveries. Shares of the EV large are closing in on a cup base’s 1,208.10 purchase level and are about 5% away from the most recent entry. Be looking out for a possible deal with to supply a extra risk-optimal entry.

On Saturday, Tesla stated that it delivered a document 310,000 autos globally within the first three months of the 12 months. That was up about 68% from the identical interval a 12 months in the past. Wall Street anticipated deliveries of round 309,000, however some estimates predicted 317,000 within the first quarter. CEO Elon Musk tweeted, “This was an *exceptionally* difficult quarter due to supply chain interruptions & China zero Covid policy. Outstanding work by Tesla team & key suppliers saved the day.”

The inventory traded as excessive as 1,243.49 on Nov. 4. and ended Monday simply 8% away from that all-time excessive.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones shares, Apple shares jumped 2.4% Monday, retaking a double backside’s 176.75 purchase level and shutting within the 5% purchase space that goes as much as 185.59.

Software chief Microsoft rallied 1.8% Monday, as shares proceed to construct the proper facet of a brand new base formation.

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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