Dow Jones Rallies 400 Points, What To Do Now; 4 Tech Titans Report Earnings

Dow Jones futures were lower before the open Tuesday as the Dow Jones Industrial Average rallied more than 400 points Monday. Tech titans Alphabet, Apple, Meta Platforms and Microsoft had earnings this week.


But first, Dow Jones stocks 3M (MMM) and Coca-Cola (KO) will report early Tuesday morning. General Motors (GM), Halliburton (HAL), Raytheon Technologies Inc (RTX) and UPS (UPS) will also be among the headliners on Tuesday morning.

Stock Market Today: China’s Business Is Falling

On Monday, the Dow Jones Industrial Average rose 1.3% and the S&P 500 advanced 1.2%. The tech-heavy Nasdaq composite climbed 0.9%. And the small-cap Russell 2000 rose 0.35%.

Among the volatile funds, the Nasdaq 100 tracker Invesco QQQ Trust ( QQQ ) advanced 1.1% and the SPDR S&P 500 ( SPY ) rose 1.2%.

Chinese stock market news on Monday, as China’s Hang Seng Index fell 6.4%, closing at the lowest level since April 29, 2009. Chinese leader Xi Jinping continued to consolidate his power, electing the majority of his supporters in one of the party’s decisive decisions. after you get the third step against the contract.

Alibaba (BABA) and Baidu ( BIDU ) fell more than 12% sequentially. Debt of Daqo New Energy company (DQ) fell almost 7%, and It’s automatic (LI) down 17%. And Pinduoduo (PDD) fell 24%.

EV load Tesla ( TSLA ) pared losses to 1.5% after completing a new 52-week low. In the Dow Jones Industrial Average, apple (AAPL) changed 1.5% to Microsoft (MSFT) rose 2.1% in the stock market today.

Auto Zone (AZO), Cardinal Health (CAH), Eli Lilly (LLY) and Texas Roadhouse (TXRH) – and Dow Jones stocks Chevron (CVX) and UnitedHealth (UNH) – among the top stocks to buy and watch. Keep in mind that new stock market rallies are the perfect time for investors to put their stocks into action.

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Cardinal and Texas Roadhouse are IBD Leaderboard stocks. Eli Lilly is an IBD SwingTrader product. UnitedHealth is featured in this week’s Market Closer column, along with three other top stock ideas.

Top 4 Stocks to Watch on Current Stock Market Rally

Dow Jones Futures Today: Stocks, Oil Prices

Before Tuesday’s opening bell, Dow Jones futures fell 0.3% vs. gains, while S&P 500 futures lost 0.2%. Nasdaq 100 futures were down 0.1% vs. useful value. Remember that overnight behavior in the Dow Jones futures and elsewhere does not necessarily translate to the actual market in the next stock market session.

The 10-year yield rose to 4.23% Monday, settling at its highest level since June 2008. Meanwhile, US oil prices fell Monday, pausing after a three-day rally. West Texas Intermediate futures are trading at about $85 a barrel.

Q3 price Time: Alphabet, Apple, Meta, Microsoft To be announced

Third-quarter earnings are coming out this week, along with key reports from tech titans Alphabet (GOOGL), apple (AAPL), Meta Platform (META) and Microsoft (MSFT).

Results from Boeing (BA), Chevron, Merck and Visa (V) will also be completed within a week.

Earnings reports make most of the big moves in stocks, but they need special attention. Strong earnings can propel stocks to unprecedented levels — and more than new purchases — while a lackluster rating can send shares tumbling.

The stock market’s reaction to earnings releases can tell you many times more than the earnings themselves. If the results seem to be strong but the stock shows anyway, investors may worry about the support of growth, rising prices or other negative things.

With the market in the form of a rally, investors should be looking for companies that beat the results obtained and have a high reaction rate. They can be among the market leaders if the market can recover.

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What to do in the new Market Rally

Despite recent gains, it’s not time to rush back into stocks with both legs, but to make an example. Exposure should be limited to a maximum of 20% of the portfolio for most investors. Aggressive investors should stay under 40% exposure until the market starts to show itself.

Now is an important time to read the IBD Big Picture column. Following Friday’s strong gains, investors want to put their benchmarks to work, so they can jump into the future. But not everything that follows it works, so it is necessary to raise the exposure slowly and systematically, as the new surface shows itself.

If the promotion is real and useful, there will be a lot of time to get money and stop well. Now, there is a need to be cautious in increasing exposure as new product marketing campaigns intensify.

Five Dow Jones stocks to watch right now

Dow Jones stocks to watch: Merck, UnitedHealth

Member of the Dow Jones and IBD 50 stocks Merck breaks the door to buy 93.12 double, according to MarketSmith’s IBD Value Index. Shares rose 1.8% Monday, ending in the 5% overbought zone at 97.78. Quarterly financial results will be Thursday before the opening bell.

Health care giant UnitedHealth is approaching a 553.23 cup buyout, according to MarketSmith’s IBD Value Index. Stocks rose 1.5% Monday, moving closer to new stock filings.

Best brands to watch: AutoZone, Cardinal, Eli Lilly, Texas Roadhouse

The auto parts leader and IBD’s most recent stock of the day, AutoZone, expanded to 2,362.34 shares, running 4.6% higher Monday. The 5% hunting zone rises to 2,480.46.

IBD Leaderboard Stocks Cardinal Health is currently buying above the small cup with a handle of 71.22, according to IBD MarketSmith chart analysis. Shares are also expanding ahead of the 72.38 level buy point. Funding is scheduled for Nov. 4.

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IBD SwingTrader Eli Lilly stock closed ahead in trading above the 335.43 flat trading area, up 2.1% Monday.

Texas Roadhouse is trying to regain the 95.52 flat buy point after a short break last week. Shares ended Monday significantly higher than the entry. Funding ends on Thursday.

Join IBD experts as they analyze the leading stocks in the current stock market on IBD Live

Tesla sales

Tesla stock fell as much as 7.4% Monday before paring losses to 1.5% after cutting prices for its Model 3 and Model Y cars by as much as 9% in China. Shares hit their lowest level since June 2021.

The stock closed about 49% off its 52-week high.

Dow Jones Leaders: Apple, Microsoft

Among the Dow Jones stocks, Apple shares rallied 1.5% Monday and are about 18% off their 52-week high. Despite the recent session, the stock is still below the 50-day and 200-day lines. Apple’s earnings are available on Thursday later.

Microsoft rose 2.1% Monday, rising for the second straight day. Shares are in rebound mode after hitting a 52-week low on Oct. 13. The software load remains about 30% away from its 52-week high. Microsoft’s earnings are due late Tuesday.

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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