[ad_1]
The Dow Jones Industrial Average briefly rose 130 points before slashing its gains on Wednesday, as Apple stock struggled for support at a key level. Microsoft jumped on the stock buyback news, as Tesla stock looked to snag a winning streak in today’s stock market.
X
Among the leaders of the Dow Jones, the titan of the tech Apple (AAPL) fell 0.7%, while Microsoft (MSFT) rose 1.3% on Wednesday. Nike (NKE) is building a new base, but is below a key technical level.
You’re here (TSLA) sought to end a two-day winning streak on Wednesday, slipping 0.5% in morning trade. The EV leader is right above a new entry. Pay Pal (PYPL) traded down 0.4% on Wednesday as it continues to offer a new buy point.
Among the best stocks to buy and watch, Palantir Technologies (PLTR), Shopify (STORE), Yeti (YETI) and ZoomInfo (ZI) are located in or near new shopping areas.
Microsoft, PayPal and Tesla are stocks in the IBD rankings. Yeti is an IPO IPO leader. 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 rose 0.2% on Wednesday morning. The S&P 500 struggled to hold on to a 0.2% gain, while the tech-heavy Nasdaq lost less than 0.1% at midday.
Snapshot of the US Stock Market Today |
||||
|---|---|---|---|---|
| Index | symbol | Price | Loss of profit | % Switch |
| Dow jones | (0DJIA) | 34590.50 | +12.93 | +0.04 |
| S&P 500 | (0S & P5) | 4446.46 | +3.41 | +0.08 |
| Nasdaq | (0NDQC) | 15021.12 | -16.64 | -0.11 |
| Russel 2000 | (IWM) | 220.41 | +0.37 | +0.17 |
| MICI 50 | (FFTY) | 49.37 | +0.40 | +0.82 |
Last updated: 10:44 AM ET 9/15/2021 |
||||
Among exchange-traded funds, the Innovator IBD 50 (FFTY) added 0.1% on Wednesday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) lost 0.5%. Meanwhile, the SPDR S&P 500 ETF (SPY) flattened after an early advance.
The stock market rally continues
The Nasdaq is set to extend a five-day losing streak with small losses on Wednesday. The S&P 500 continues to seek support on its key 50-day line, while the Dow Jones Industrial Average still falls below its own 50-day line.
Tuesday’s The Big Picture column commented, “IBD divides the stock market into 197 industry groups. A few of these groups have reduced themselves to minimal action and deserve less attention. But on Tuesday, the selloff was clearly pronounced in oil and gas. exploration, telecommunications services and infrastructure, chemicals, banking and steel stocks. At least three dozen industry groups centered around these areas fell 2% or more. “
Stock ETF strategy and how to invest
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 down 1% on Wednesday.
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 gain of 53% since the start of the year until September 10.
Stocks to buy and watch: Palantir, Shopify, Yeti, ZoomInfo
Palantir Technologies is just above its handle-cup buy point of 26.04, according to IBD MarketSmith’s chart analysis, amid Wednesday morning’s 0.2% decline. The 5% buy zone peaks at 27.34.
Shopify continues to chart a flat base that shows a buy point of 1,650.10, but still falls below its 50-day moving average. According to IBD Stock Checkup, the stock SHOP 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.
SHOP shares lost nearly 1% on Wednesday.
IPO leader Yeti is approaching the buy point of a flat base of 105.72, gaining 0.3% on Wednesday morning. On the upside, the stock’s relative strength line is near new highs, indicating strong market outperformance. The RS line is expected to hit a new high on the day of the breakout, confirming the title as the market leader.
Yeti was featured in the IPO Leaders column last week.
Tuesday’s IBD 50 Stocks To Watch ZoomInfo is trying to break above a buy point of 67.73 in a flat base after Tuesday’s breakout attempt, but is below the buy point. Stocks lost 1.3% in morning trading.
IBD Live: a new tool for daily stock market analysis
PayPal actions
PayPal stock fell 0.4% on Wednesday, threatening to fall after Tuesday’s 0.6% gain. The highest stock is right at its 50-day moving average line.
PayPal is trading at around 7% of the buy point from a flat base of 310.26. Meanwhile, an aggressive entry looms at 296.80, a dime above Wednesday’s high.
Tesla shares
IBD Rankings Shares of Tesla fell 0.5% early Wednesday, in a bid to end a two-day winning streak. Tesla is in the buy range above an alternate entry at 730. In recent weeks, stocks have returned to 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 0.7% on Wednesday, adding to Tuesday’s losses. On Tuesday, the stock fell 1% following the debut of the company’s iPhone 13.
Apple stock is just below a 148 trendline buy point as it struggles for support on its key 50-day line.
Software giant Microsoft jumped 1.3% on Wednesday after the company raised its quarterly dividend 11% to 62 cents per share. The tech giant also announced a $ 60 billion Microsoft share buyback program. Stocks are around 15% above the cut base’s 263.29 buy point and near new highs.
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 EIA’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