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The Dow Jones Industrial Average fell 200 points on Friday as Apple shares sold below a key level in today’s stock market. The top four growth stocks to buy and watch are Copart, Deckers, Revolve, and ZoomInfo.
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Among the leaders of the Dow Jones, the titan of the tech Apple (AAPL) lost 1.4%, while Microsoft (MSFT) fell 0.9% on Friday. Nike (NKE) is building a new base, but is below a key technical level.
You’re here (TSLA) sought to end a four-day winning streak on Friday, falling 0.8% in morning trade. The EV leader is right above a new entry. Among the best stocks to buy and watch, Copart (CPRT), Deckers (PLATFORM), Turn (RVLV) and ZoomInfo (ZI) are located in or near new shopping areas.
Deckers, Microsoft and Tesla are stocks in the IBD rankings. Copart is an IBD SwingTrader share and was the IBD share of the day for Wednesday. Revolve is a leading IPO IPO. Nike was featured in this week’s Near A Buy Zone Stocks column. ZoomInfo was Tuesday’s IBD 50 stock pick to watch.
Dow Jones today
The Dow Jones Industrial Average fell 0.65% on Friday morning. The S&P 500 lost 0.9%, while the tech-rich Nasdaq traded down 1.15% in morning trading.
Snapshot of the US Stock Market Today |
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|---|---|---|---|---|
| Index | symbol | Price | Loss of profit | % Switch |
| Dow jones | (0DJIA) | 34618.26 | -133.06 | -0.38 |
| S&P 500 | (0S & P5) | 4446.91 | -26.84 | -0.60 |
| Nasdaq | (0NDQC) | 15080.36 | -101.57 | -0.67 |
| Russel 2000 | (IWM) | 221.44 | -0.75 | -0.34 |
| MICI 50 | (FFTY) | 50.55 | -0.15 | -0.30 |
Last updated: 10:36 AM ET 9/17/2021 |
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Among exchange-traded funds, the Innovator IBD 50 (FFTY) lost 0.15% on Friday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) lost 0.7%. Meanwhile, the SPDR S&P 500 ETF (SPY) was down 0.5%.
The stock market rally continues
The Nasdaq threatened to end a two-day winning streak with moderate losses on Friday. The S&P 500 continues to hold above support at its key 50-day line, while the Dow Jones Industrial Average still falls below its own 50-day line.
Thursday’s The Big Picture column commented: “With a still modest amount of institutional selling, investors should remain confident in the current uptrend. Look for the best stocks breaking high volume buy points with the hope that the indices continue to rebound. Current action is normal, as discussed in Wednesday’s The Big Picture. “
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Dow Jones Stocks to Buy and Watch: Nike
Dow Jones leader Nike is charting a flat base with a buy point of 174.48, according to IBD MarketSmith’s chart analysis. But stocks are below their 50-day moving average line. Resuming support at this critical level would be bullish for the stock’s immediate outlook. Shares were up 0.6% on Friday.
Until September 10, Nike was number 8 on the Dow Jones Industrial Average, rising more than 15%. Goldman Sachs (GS) was the first stock in the Dow Jones with a cumulative gain of 52% through September 15.
Stocks to buy and watch: Copart, Deckers, Revolve, ZoomInfo
IBD SwingTrader Copart share breaks buy point of 149.17 on a flat basis, according to IBD MarketSmith chart analysis. Shares fell about 1% in morning trading on Friday. Copart was featured in the IBD action on Wednesday.
IBD Leaderboard Deckers action is trying to break above an entry of 444.58 in a flat base amid Friday’s 1.2% gain. According to the ranking commentary, the major retail stock broke a mini trendline near 433, offering an early buy point. Its line of relative strength has just reached a new high.
The Leader Revolve IPO climbed nearly 2% on Friday, moving higher to the right side of a new cut base. Entrance is at 74.92. Additionally, an early entry at resistance near 67.80 is also in play. The first IPO stock appears in this week’s IPO Leaders article.
Tuesday’s IBD 50 stock to watch pick, ZoomInfo, is in the 5% buy zone after a 67.73 buy point in a flat base. The buy zone peaks at 71.12. Stocks fell 0.3% on Friday, even after Barclays raised the overweight stock with a raised price target of 83.
According to IBD Stock Checkup, ZoomInfo stock enjoys an IBD Composite Rating of 98 out of 99. The IBD Composite Rating identifies stocks with a mix of strong fundamental and technical characteristics.
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Tesla shares
Tesla stock rose 0.3% on Friday morning, in a bid to extend a four-day winning streak. Tesla is in the buy range above an alternate entry at 730. In recent weeks, stocks have regained their aggressive buy point of 700.10 in the depths of a correction. Meanwhile, a wide and deep base continues to take shape.
On January 25, Tesla stock hit a record high of 900.40, after climbing 93% from a buy point of 466 in a handle mug.
Dow Jones Executives: Apple, Microsoft
Among the major stocks in the Dow Jones, Apple fell more than 1% on Friday, falling below key support at the 50-day line. Apple stock is just below a 148 trendline buy point.
Software giant Microsoft fell 0.9% on Friday, on the pace of a four-day winning streak. Stocks are just below an additional three week entry at 305.94.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen to learn more about growth stocks and the Dow Jones Industrial Average.
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