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The Dow Jones Industrial Average briefly fell 250 points on Tuesday, as Tesla stock reversed despite strong results on Monday night. Tech titan Apple sold ahead of post-close profit.
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Among the leaders of the Dow Jones, Apple (AAPL) lost 1.5% on Tuesday, while Microsoft (MSFT) was down 0.1% in today’s stock market. Apple and Microsoft’s results are expected on Tuesday. Home deposit (HD) is approaching a new point of purchase, but fell nearly 1% on Tuesday.
You’re here (TSLA) sought to restore some of Monday’s strong gains, falling more than 2% on Tuesday morning. The electric vehicle giant announced strong results on Monday evening.
Among the best stocks to buy and watch, Advanced micro-systems (AMD), Year (ROKU) and Twitter (TWTR) can be found in or near shopping areas.
Microsoft and Tesla are stocks in the IBD ranking. Roku is an IBD SwingTrader share. AMD and Twitter were featured in this week’s Stocks Near A Buy Zone column.
Dow Jones today
The Dow Jones Industrial Average fell 0.4% on Tuesday, while the S&P 500 traded down 0.6%. The tech-heavy Nasdaq composite sold 1.3% in morning trading.
Snapshot of the US Stock Market Today |
||||
|---|---|---|---|---|
| Index | symbol | Price | Loss of profit | % Change |
| Dow jones | (0DJIA) | 35010.02 | -134.29 | -0.38 |
| S&P 500 | (0S & P5) | 4401.37 | -20.93 | -0.47 |
| Nasdaq | (0NDQC) | 14682.79 | -157.92 | -1.06 |
| Russel 2000 | (IWM) | 216.99 | -3.20 | -1.45 |
| MICI 50 | (FFTY) | 44.60 | -0.82 | -1.81 |
Last update: 10:28 am ET 07/27/2021 |
||||
Among exchange-traded funds, the Innovator IBD 50 (FFTY) traded down 1.5% on Tuesday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) fell 0.7%. Meanwhile, the SPDR S&P 500 ETF (SPY) fell 0.5%.
The stock market rally resumes
The S&P 500 appeared to end a five-day winning streak on Tuesday after Monday’s records. The Nasdaq and the Dow also hit record highs on Monday. Dow Jones industrialists are fighting to maintain the 35,000 level.
Monday’s Big Picture column commented, “The stock market has started one of its most important weeks of the year with small gains. This may not last as Wall Street braces for several big earnings reports. and a Fed meeting this week. “
For more stock market commentary, check out The Big Picture from IBD.
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Dow Jones Profits: Microsoft
Microsoft continues to trade solidly above the buy point of 263.29 cups. Stocks fell 0.1% on Tuesday, rising to all-time highs. The stock is extended above the 5% buy zone, which climbs to 276.45.
Microsoft’s results are expected Tuesday evening. Analysts expect the software giant to earn $ 1.91 a share on $ 44.1 billion in revenue.
Dow Jones Stocks to Buy and Watch: Home Depot
Dow Jones Home Depot stock charts a cup base with a buy point of 345.79. Shares lost nearly 1% on Tuesday.
The stock is around 5% of its new buy point after last week’s rebound from the 50-day moving average.
Stocks to buy and watch: AMD, Roku, Twitter
Chip giant Advanced Micro Devices plots a mug base with handle that shows a buy point of 95.54, according to graphical analysis from IBD MarketSmith. Stocks rose more than 1% on Tuesday. The company will publish its results after the close.
AMD stock was featured in this week’s Stocks Near A Buy Zone column.
According to the IBD Stock Checkup, AMD stock has a strong rating of 93 out of a perfect IBD composite rating of 99. The IBD composite rating identifies stocks with a mix of strong fundamental and technical characteristics.
Friday’s IBD stock of the day, Roku, broke the double-bottomed buy point of 463.09 with a grip, according to IBD MarketSmith’s chart analysis, during Friday’s 12.6% rise. The 5% buy area rises to 486.24. Shares climbed over 1% on Tuesday morning and are almost extended.
Roku was added to the IBD rankings on Friday. According to rank analysis, the stock broke a trendline entry around 431. Roku is also an IBD SwingTrader stock.
Social media giant Twitter is trying to get past the 72.17 double bottom with handle buy point. The shares passed the entry on Friday after the firm’s strong results, but closed just below the entry. Stocks rose 0.1% on Tuesday morning.
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Tesla benefits
Tesla’s profits beat second quarter forecast on Monday night. The company earned $ 1.45 per share on revenue of $ 11.96 billion. Analysts expected earnings to more than double to 90 cents per share from the quarter last year. Sales jumped 89% to $ 11.39 billion.
The company said it expects Model S production to continue to increase for the remainder of the year.
Tesla shares
Tesla stock reversed from initial gains to fall about 2%. The electric vehicle giant is once again trying to find support around its 200-day long-term moving average. Another strong show of support at these levels would look bullish for the stock’s outlook.
In contrast, Tesla’s RS lineup remains far from its old heights. A lagging RS line is a sign of an underperforming stock relative to the overall market. Tesla stock remains at around 27% of its all-time high, even as major indices hit record highs on Monday.
On January 25, Tesla stock hit a record high at 900.40, after climbing 93% from a buy point of 466 in a handle mug.
Dow Jones Leaders: Apple Results
Among the main stocks in the Dow Jones, Apple sold 1.5% on Tuesday. Share hit an all-time high on July 15 at 150. Apple stock is back out of the 5% buy zone from an entry of 137.17 in a cup base, according to the IBD MarketSmith graphical analysis.
The iPhone maker will release its results after the close on Tuesday. Apple is expected to earn $ 1.01 a share on sales of $ 73.2 billion.
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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