Dow futures fell 130 points after the stock market plunged Monday. Despite the slight losses on Monday, the market’s upside was strengthening. Among the top seven stocks to buy and watch is energy giant Dow Jones chevron (CVX) And the IBD Leaderboard stock Quanta Services (PWR).
X
Arista Networks (Network), CF . Industries (CF), Devon Energy (DVN), Diamondback Energy (fang) And the mosaic (moss) The major earnings reports were after Monday’s close.
ANET shares jumped 6% in extended trading on the back of strong second-quarter results. CF stock is down more than 1%. Devon shares fell slightly. Diamondback is down less than 1%. Mosaic ratio decreased by 3%.
Meanwhile, Dow Jones Larva (cat), along with Insight (INCY) And the Uber Technologies (Uber), will report before Tuesday’s opening.
stock market today
On Monday, the Dow Jones Industrial Average was down 0.1%, and the S&P 500 Index was down 0.3%. The tech-heavy Nasdaq Composite Index fell 0.2%, ending a three-day winning streak.
US stock market overview today |
||||
|---|---|---|---|---|
| index | Code | price | profit/loss | % change |
| Dow Jones | (0DJIA) | 32799.18 | -45.95 | -0.14 |
| Standard & Poor’s 500 | (0S & P5) | 4118.62 | -11.67 | -0.28 |
| Nasdaq | (0NDQC ) | 12368.98 | -21.71 | -0.18 |
| Contact 2000 | (IWM) | 187.15 | -0.10 | -0.05 |
| defect 50 | (fifty) | 28.49 | +0.04 | +0.14 |
Last update: 4:36 PM ET 8/1/2022 |
||||
within circulating money exchangeNasdaq 100 Invesco QQQ Trust Tracker (QQQ(down 0.1%, the SPDR S&P 500 ETF)spy) decreased by 0.3%.
Tesla (TSLA) cut gains to less than 0.1% on Monday. within Dow Jones LeadersAnd the apple (AAPL) And the Microsoft (MSFT) lost 0.6% and 1% respectively in Stock market today.
In a strong stock market environment, Dow Jones contributed Chevron shares and United Health (United nations) – Beside Cheniere Energy (liquefied natural gas), ExxonMobil (XOM), Quanta Services, Ulta Beauty (ULTA) And the Vertex Pharmaceuticals (VRTX) – among the top stocks to buy and watch.
Quanta, UnitedHealth and Vertex IBD Leaderboard Stores. Chevron and Exxon appeared this week Stocks near the buy zone column.
Dow Jones futures contracts today: Treasury yields and oil prices
Ahead of Tuesday’s open, Dow Jones futures lost 0.35% against fair value, while S&P 500 futures fell 0.45%. Nasdaq 100 futures are down 0.4% against fair value. Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market session.
The 10-year Treasury yield fell on Monday to close at 2.6% and fall for the fifth consecutive session. The 10-year yield is at its lowest since early April. Meanwhile, US oil prices are down about 5%, with West Texas Intermediate crude futures trading below $94 a barrel.
What to do in the current stock market
Last week, the International Investment Bank raised its market outlook from “upside pressure” to “confirmed uptrend” due to improved stock market conditions.
Investors have the green light to enhance their exposure to stocks, focusing on those that were hacked in the right past buy points. Gradual commitment to capital in blue-chip stocks. However, it is not time to be overly aggressive.
Use each purchase as a response to the current strength of the market rally. Don’t panic if you miss your first escape. If the stock market uptrend is real, there will be plenty of time to buy stocks and make money. This is an important strategy because previous follow-ups failed this year and advances were cut short.
friday big picture The column commented, “In a potentially dangerous week dominated by the earnings of major tech companies and the latest Federal Reserve meeting, indices still manage to rise. Wall Street appears increasingly inclined to believe the economy is turning a corner.”
If you are new to IBD, consider taking a look at stock trading system And the CAN SLIM Basics. He distinguishes chart patterns It is one key to investment guidance. IBD offers a wide range of Stock Growth ListsSuch as leaderboard And the SwingTrader.
Investors can also create watch lists, find companies near a profile buy pointor develop custom screens in IBD Market Smith.
Five Dow Jones stocks to watch right now
Dow Jones stocks to watch: Chevron, UnitedHealth
Dow Jones energy giant Chevron is building the right-hand side of a Fenjan base with 182.50 POIs. Be on the lookout for a potential handle to offer a lower entry. Stocks rose last week after Strong company earnings results. Chevron stock fell 2% on Monday.
health insurance giant IBD Leaderboard UnitedHealth stock is in a buying range above its double-handle base buy point at 518.80 after Monday’s 1.3% loss, according to IBD Market Smith Graph analysis.
UN stock Shows a solid value of 94 out of 99 perfect IBD compound classification, for every IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics.
4 growth stocks to watch on Cursstock market rally
Top Stocks to Watch: Cheniere, Exxon, Quanta, Ulta, Vertex
Cheniere Energy in a buy zone after crossing a trend line entry About 140. Now the arrow is trying to penetrate beyond a double bottom 146.45 buy points. The line relative force Just hitting new heights, a positive sign. Shares were trading down 1.7% on Monday.
Friday stock from IBD Exxon Mobil regained the 50-day streak and topped the strong early entry around 93.24, as Shares rose 4.6 percent on Friday. But the energy giant gave up some ground on Monday, dropping 2.5%. Meanwhile, the cup base entry at 105.67 is also in play.
IBD Leaderboard Quanta Services Securities returned to 138.56 buy points for a teacup base with a handle after Monday’s slight loss, according to IBD Market Smith Graph analysis. Quanta earnings due on Thursday.
Ulta Beauty is building a flat base at 429.58 buying points but is finding it difficult to decisively reclaim the 50-day line amid Monday’s 1.4% gain. The base comes on the heels of the failed breakout of Teacup with 426.93 entering the handle in June.
Vertex Pharmaceuticals ditched its cup with 279.23 handle buying points and fell below the 50-day line after Monday’s 2.35% drop. The company will announce its earnings on Thursday.
Join IBD experts as they analyze the leading stocks in the current stock market rally on IBD Live
Tesla Stock
Tesla stock pared its gains to less than 0.1% on Monday but continued to extend its winning streak to four sessions. Stocks reached their highest level since early May and are finding resistance around the 200-day line, a key level to watch.
The stock is about 28% from its 52-week high.
Dow Jones Leaders: Apple and Microsoft
within Dow Jones stockApple shares fell 0.6% on Monday, ending a three-day winning streak. Last week, the stock retraced the 200-day streak for the first time since May 5th.
Microsoft stock fell 1% on Monday, but remained above the 50-day line. However, the software giant is still ticking below the 200-day long-term line. The stock has closed about 20% from its 52-week high.
Make sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.
You may also like:
Top growth stocks to buy and watch
Learn how to time the market with IBD’s ETF Market Strategy
Find the best long-term investments with IBD long-term leaders
MarketSmith: Research, charts, data, and training in one place
How to Find Growth Stocks: Why IBD Simplifies Finding Top Stocks
“Typical beer advocate. Future teen idol. Unapologetic tv practitioner. Music trailblazer.”
More Stories
JPMorgan expects the Fed to cut its benchmark interest rate by 100 basis points this year
NVDA Shares Drop After Earnings Beat Estimates
Shares of AI chip giant Nvidia fall despite record $30 billion in sales