[ad_1]
Dow Jones futures, as well as S&P 500 futures were lower on Monday, while Nasdaq 100 futures were higher, with Virgin Galactic rising nearly 6% on its first full crew flight. Tesla stock was on the cusp of a rally before the stock market opened.
X
Among the leaders of the Dow Jones, Apple (AAPL) rose 0.7% before market on Monday, while Microsoft (MSFT) rose 0.4% in today’s stock market. Mcdonalds (MCD) traded flat before the open and is just below a new buy point.
You’re here (TSLA) rose nearly 1% pre-market on Monday as it continues to rebound from its key support levels.
Among the best stocks to buy and watch, Amazon.com (AMZN), Year (ROKU) and Shopify (SHOP) are in or near new shopping areas.
Microsoft and Shopify are stocks of the IBD rankings. Roku is an IBD SwingTrader share.
Dow Jones Futures Today
Before the stock market opened on Monday, Dow Jones futures fell 0.3% from fair value, while S&P 500 futures traded down 0.1%. Futures contracts on the Nasdaq 100 gained 0.4% from fair value. Keep in mind that trading futures contracts on Dow Jones and elsewhere does not necessarily translate into actual trading in the next regular trading session.
Among exchange-traded funds, the Innovator IBD 50 (FFTY) traded unchanged before market on Monday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) gained 0.25% before Monday’s opening. Meanwhile, the SPDR S&P 500 ETF (SPY) lost 0.2% in pre-market trading.
Stock exchange rally
The S&P 500 hit more records on Friday, while the Nasdaq is just short of its own all-time highs after Friday’s strong gain. The Dow Jones Industrial Average is rebounding from the support of its 50-day moving average line and could reach further highs.
Friday’s Big Picture column commented, “The S&P 500 marked a distribution day Thursday, but Thursday’s rally from Thursday lows for major stock indexes and other gains on Friday shows the buyers are still here. bullish is still very intact. The Nasdaq-only composite shows two distribution days. One was a mild stall session Wednesday. The other was on June 15 when the index fell 0.7% in higher volume. “
For more stock market commentary, check out The Big Picture from IBD.
Stock ETF strategy and how to invest
Dow Jones Stocks: McDonald’s
Restaurant giant Dow Jones McDonald’s is trading below 238.28 buy point on a flat basis, according to IBD MarketSmith chart analysis, after Friday’s 1.2% gain . Shares were flat before market on Monday.
McDonald’s was featured in Friday’s IBD Industry Themes column, with Mexican Grill Chipotle (CMG). Chipotle stock is in a new buy range.
Virgin Galactic test flight
Galactic Virgo (SPCE) made its first fully crewed flight on Sunday, sending Richard Branson into space. The mother ship Eve took off from Spaceport America in New Mexico on Sunday morning, carrying SpaceShipTwo.
After reaching 45,000 feet, Eve released SpaceShipTwo at around 11:25 a.m.ET, allowing the spacecraft to fire its rocket engines and rise about 56 miles above the earth. Once there, the crew experienced weightlessness for about a few minutes. At 11:30 a.m., the spacecraft began its descent and landed at 11:40 a.m.
SPCE stock jumped 10% in response Monday morning before slashing gains to around 4%. The stocks build a deep cup with handle with a buy point of 57.61.
Actions to buy and watch: Amazon, Roku, Shopify
Tech giant Amazon.com remains just beyond the buying range of a 3,524.96 handle-cup buy point after last week’s strong breakout move. The buy area peaked at 3,701.21. Shares rose 0.5% before market on Monday.
According to IBD Stock Checkup, AMZN stock has a strong rating of 93 out of a perfect IBD composite rating of 99. The IBD composite rating easily identifies stocks with a mix of strong fundamental and technical characteristics.
The stock IBD 50 Roku added a handle to a cup base, moving the buy point from 486.82 to 463.09. Shares rose 0.5% on Monday morning and are around 7% of the new entry.
Roku is an IBD SwingTrader share.
IBD Leaderboard Shopify stock is still just below a buy point of 1,552.33 in a handle mug, according to analysis of the IBD MarketSmith chart. Stocks appeared to contribute to Friday’s 2.2% rise, rising 0.5% before market on Monday.
According to the ranking analysis, “The grip formed after the stock formed a long cup-base pattern within 18 weeks. The relative line of force shifted laterally during consolidation. handle. An upward point will be constructive in the future. “
IBD Live: a new tool for daily stock market analysis
Tesla shares
Tesla stock rose nearly 1% before market on Monday, seeking to add to Friday’s 0.6% gain and extend a three-session winning streak. The EV giant continues to rebound from key support at its key 50 and 200 day moving averages. A strong display of support at these levels would look bullish for the stock’s outlook.
On January 25, Tesla stock hit an all-time high at 900.40, after climbing 93% from a buy point of 466 in a handle mug.
Dow Jones Executives: Apple, Microsoft
Among the main stocks in the Dow Jones, Dow Jones leader Apple rose 0.3% on Monday morning, in the right direction to add to Friday’s 1.3% gain. Apple stock is now extended beyond the 5% buy zone from an entry of 137.17 in a cup base, according to IBD MarketSmith’s chart analysis.
Microsoft continues to trade solidly above the buy point of 263.29 cups. Shares rose 0.2% on Monday and are being extended. The 5% buy area rises to 276.45.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen to learn more about growth 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’s long-term leaders
MarketSmith: research, charts, data and coaching in one place
How to research growth stocks: why this IBD tool makes it easy to find the best stocks
[ad_2]
Source link