Dow Jones futures were lower following Monday’s stock market plunge. Despite the slight loss on Monday, the market’s uptrend has strengthened. And the top seven stocks to buy and watch include energy giant Dow Jones Chevron (CVX) and IBD Rankings share Quanta Service (PWR).
ANET stock rose 6% in extended trading on strong second-quarter results. CF stock is down more than 1%. Devon stock inched lower. Diamondback slips below 1%. And Mosaic was set to report shortly.
Stock market today
On Monday, the Dow Jones Industrial Average fell 0.1% and the S&P 500 fell 0.3%. The tech-heavy Nasdaq composite fell 0.2%, ending a three-day winning streak.
Overview of the US stock market today
|Table of contents||Icon||Price||Loss of profit||% Change|
|Dow Jones||(0 MONEY)||32799.18||-45.95||-0.14|
|S&P 500||(0S & P5)||4118.62||-11.67||-0.28|
Last Updated: 4:36 PM ET January 8, 2022
In a strengthened stock market environment, Dow Jones stocks Chevron and UnitedHealth (UNH) – as well as Cheniere Energy (LNG), Exxon Mobil (XOM), Quanta Service, Ulta Beauty (ULTA) and Vertex Pharmaceuticals (VRTX) – is one of the top stocks to buy and watch.
Dow Jones Futures Today: Treasury yields, oil prices
After closing Monday, Dow Jones futures lost 0.2 percent of their fair value, while S&P 500 futures fell 0.3 percent. Nasdaq 100 futures contracts are down 0.2% from fair value. Remember that action overnight in Dow Jones Futures and elsewhere it doesn’t necessarily translate into actual trading the next week stock market meeting.
Yields on the 10-year Treasury note fell on Monday, closing at 2.6% and falling for the fifth consecutive session. The 10-year yield is at its lowest level since early April. Meanwhile, US oil prices fell about 5%, with West Texas Intermediate futures trading below $94 a barrel.
What to do during the current stock market rally
Last week, IBD upgraded its market outlook from “bullish under pressure” to “confirmed uptrend” due to improved stock market conditions.
Investors are given the green light to increase their exposure to stocks, focusing on past breakout stocks. buy points. Gradually commit capital to leading stocks. However, this is not the time to get too excited.
Use each buy as feedback on the current strength of the market. Don’t panic if you miss the first few outbreaks. If the stock market uptrend is real, there will be plenty of time to buy stocks and make money. This is an important strategy as previous follow-ups have failed this year and rallies have been cut short.
Friday’s Big Picture The column commented, “In a potentially dangerous week dominated by Big Tech earnings and the latest Fed meeting, the indexes are still trying to pull higher. It looks like Wall Street is getting increasingly bullish. tend to believe the economy is moving.”
If you’re new to IBD, consider stock trading system and CAN SLIM basic. Recognize chart templates is one of the key points in investment guides. IBD offers a wide range of growth stock listAs Charts and SwingTrader.
Dow Jones Stocks to Watch: Chevron, UnitedHealth
Dow Jones energy giant Chevron is building the right side of the cup base with a buy point of 112.50. Keep an eye out for a potential handle to provide a lower entry. Stocks rallied last week after the company’s high earnings results. Shares of Chevron fell 2% on Monday.
Huge health insurance and IBD Rankings UnitedHealth stock is in a buy range above a 518.80 buy point of a double bottom with handles after losing 1.3% on Monday, according to IBD MarketSmith chart analysis.
UNH Securities show a number 94 sure out of a perfect 99 IBD Composite Rating, every Check out IBD stock. Investors can use the IBD Composite Rating to easily gauge the quality of a stock’s fundamental and technical indicators.
Top stocks to watch: Cheniere, Exxon, Quanta, Ulta, Vertex
Cheniere Energy is in buy zone after crossing trendline entry around 140. Now the stock is trying to break through double bottom 146.45 buy points. The relative strength line just hit a new high, a positive sign. Shares traded down 1.7% Monday.
Friday’s IBD Stocks of the Day Exxon Mobil has regained its 50-day line and topped a positive early entry around 93.24, as Stocks rose 4.6% on Friday. But the energy giant gave up some ground Monday, falling 2.5%. Meanwhile, the underlying entry at 105.67 is also ongoing.
IBD Rankings Quanta Services stock has returned to a 138.56 purchase of the cup-with-handle facility after a slight loss on Monday, according to IBD MarketSmith chart analysis. Quanta’s earnings are due on Thursday.
Ulta Beauty is building a flat base with a 429.58 buy point but is finding it definitively hard to recapture its 50-day line amid Monday’s 1.4% gain. The basis comes after a failed breakout in the past one cup with a handlebar entry of 426.93 in June.
Vertex Pharmaceuticals gave up its cup with a 279.23 buy point of the handle and fell further below the 50-day line after falling 2.35% on Monday. The company will report earnings on Thursday.
Tesla stock pared gains below 0.1% Monday but extended its winning streak to four sessions. The stock is at its highest since early May and is finding resistance around the 200-day line, which is an important level to watch.
Shares are down about 28% from their 52-week high.
Dow Jones Leaders: Apple, Microsoft
Between Dow Jones Securities, Apple stock fell 0.6% Monday, ending a three-day winning streak. Last week, the stock regained the 200-day threshold for the first time since May 5.
Microsoft fell 1% on Monday but is still above the 50-day mark. However, the software giant remains well below the 200-day long-term level. Shares closed down about 20% from their 52-week high.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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