Dow Jones futures are higher ahead of the open Tuesday, as the Federal Reserve’s two-day meeting gets underway. The Dow Jones Industrial Average had its best month since 1976, climbing nearly 14% in October.
On Monday evening, Arista Networks (ANET) and Apple suppliers NXP Semiconductors (NXPI) are the first to earn money. ANET stock fell 1% in extended trading, while NXPI shares rose around 1%.
The Fed’s two-day meeting begins on Tuesday, with an interest rate decision due Wednesday afternoon. Investors’ views indicate about 85% of the upside is 75-basis, according to CME.
The Fed says it won’t budge — meaning slowly increasing its rates — until the strong labor market shows clear signs of slowing. But once the labor market starts to turn around, the Fed’s plans and many economic factors could change. This leads to a review of Friday’s work report.
Stock Market Today
On Monday, the Dow Jones Industrial Average fell 0.4% and the S&P 500 lost 0.7%. The tech-heavy Nasdaq Composite fell 1%.
Among currencies, the Nasdaq 100 tracker Invesco QQQ Trust ( QQQ ) was down 1.2% and the SPDR S&P 500 ( SPY ) was down 0.7%.
EV load Tesla ( TSLA ) declined 0.4% Monday. In the Dow Jones Industrial Average, apple (AAPL) changed 1.5% to Microsoft (MSFT) lost 1.6% in the stock market today.
Among the great stocks to buy and watch, Dycom (DY), The cost of Cheniere Energy (LNG), Dollar General (DG) and Clean storage (PSTG) – and the Dow Jones brand Chevron (CVX) and UnitedHealth Group (UNH) – among the top stocks to buy and watch. Keep in mind that ongoing stock market rallies are the perfect time for investors to look for stocks in their buying zones.
Cheniere is an IBD Leaderboard product. Dollar General is an IBD SwingTrader product. Pure Security is featured in this week’s Nearest Stocks to Buy column, along with three other high-profile stock ideas.
Top 4 Growth Stocks to Buy and Watch on Current Stock Market Rally
Dow Jones Futures Today: Stocks, Oil Prices
Before Tuesday’s opening bell, Dow Jones futures rose 0.5% above the benchmark, while S&P 500 futures advanced 0.8%. Nasdaq 100 futures gained 1.1% 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 as high as 4.07% Monday, recovering part of last week’s losses. Meanwhile, US oil prices fell 2% as West Texas Intermediate futures traded near $86 a barrel.
Earned income Time: AMD money on deck
The third quarter of earnings season continues this week, with headlines coming in from a strong point of view. BP (BP), Eli Lilly (LLY), Uber Technologies (UBER) and the Dow Jones Industrial Average Pfizer (PFE). All four are scheduled to be arraigned Tuesday morning. Advanced Micro Devices (AMD) and Airbnb (ABNB) will report after the close Tuesday.
Income reports cause many of the biggest movements in stocks, and they require special attention. Strong earnings can push stocks above new buy points and into buy zones, while disinterested levels can send shares falling below key support levels.
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 use their hands to beat the results obtained and have a high reaction rate. They can be among the market leaders if the market can extend its recent gains.
What to do in the Market Rally continues
Now is an important time to read the IBD Big Picture column. Following recent gains, investors have the green light to buy stocks that spread past buying points. But not everything that follows it works, so it is necessary to raise the exposure slowly and systematically, as the new surface shows itself.
But not everything that follows results in permanent progress, so that investors need to monitor their indicators in the days and weeks that come after this signal, especially in Another risk from the upcoming Fed meeting. You want to buy individually in the market so that you don’t fly high and high that can happen to you.
Remember, don’t panic if you miss the first two breakouts. The Nasdaq is still more than 30% off its all-time high. If the stock market price is real and valuable, then there will be plenty of time to buy stocks and make money in the coming weeks and months.
And if the market starts to fall again, you can reduce the exposure without taking too much money.
Five Dow Jones stocks to buy and watch now
Dow Jones stocks to watch: Merck, UnitedHealth
A member of the Dow Jones and IBD 50 stocks, Merck could not buy anything beyond the 93.12 double buy point, according to MarketSmith’s IBD Value Index.
Health care giant UnitedHealth is running out of steam with 553.23 points of purchase, according to IBD MarketSmith. Stocks rallied 0.75% Monday, closing above new stock gains.
Best brands to check: Cheniere, Dollar General, Dycom, Clean Storage
IBD Leaderboard stock Cheniere Energy is just shy of the glass with a 178.69 buy point, according to IBD MarketSmith chart analysis. The highest price of LNG changed +1.1%.
IBD Swing Trader Dollar General stock is attempting to break out of the 259.75 trade mark on the major cup. DG stock lost 2.1% Monday, ending below the entry. If the stock recovers this critical level, the 5% hunting area will reach 272.74.
Dycom is trying to break out beyond the 120.55 cup buy point. Shares fell 1.85% Monday, falling below the buy zone and from the 5% buy zone to 126.58.
Friday’s IBD stock, Pure Security, is approaching a 31.62 buyout following three days of gains. The stock rose 1.15% Monday.
Join IBD experts as they analyze the leading stocks in the current stock market on IBD Live
Tesla stock fell 0.4% Monday, snapping a four-day losing streak. The stock is recovering after hitting a new 52-week low last week.
Still, shares are about 45% off their 52-week highs and well below the 50-day and 200-day moving averages.
Dow Jones Leaders: Apple, Microsoft
Among the Dow Jones stocks, Apple shares declined 1.5% Monday and are about 16% off their 52-week high. Last week, the stock bullishly regained its 50-day line. Currently, shares are testing resistance at their long-term 200-day line.
Microsoft fell 1.6% Monday, leaving part of Friday’s 4% return. Shares close to Oct. 13 52 they are low. Major stocks remain more than 30% off 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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