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The futures on the Dow Jones have changed little Wednesday night, as well as the futures on the index S & P 500 and futures on the Nasdaq. On Wednesday, the Nasdaq Composite and the S & P 500 Index reached new heights in the current stock market rally, with shares of Intel and Cisco Systems (CSCO) -Rival Arista Networks, Compensated Purchase Points. After closing, name of the database software MongoDB (MDB) and chip maker Semtech (SMTC) declared a profit. MongoDB shares skyrocketed and Semtech's shares fell sharply.
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Arista Networks (ANET) claims a rating of 98 IBD out of a maximum of 99. Intel (INTC) has a composite score of 96. The Semtech stock has a 95 CR. MongoDB, which is not yet profitable, has a composite ranking of 76.
Dow Jones Futures Today
Dow Jones futures were slightly higher than fair value. The S & P 500 and Nasdaq 100 futures contracts increased by less than 0.1%. Do not forget that day-to-day futures trading on Dow and elsewhere do not necessarily translate into actual trading at the next regular trading session.
China's February economic data released at 10 pm ET was largely online. Retail sales grew 8.2% over the previous year, which corresponds to January's estimates and pace, even though auto sales were negative. Industrial production rose 5.3%, below the 5.5% outlook and a 17-year low. Urban capital investment increased 6.1% from a year earlier, exceeding estimates by 5.9%.
The data seemed to have little impact on Dow Jones futures.
Current stock market rally
The Nasdaq composite advanced and the S & P 500 index rose 0.7%, erasing their March 4 intraday highs to reach their best levels of the current stock market rally. It's a day after the large-cap companies Nasdaq 100 and Invesco QQQ ETF (QQQ) have recovered their losses. The Dow Jones rose 0.6%, Boeing (BA) edged up as the United States joined the world in failing the Boeing 737 Max.
Intel Stock, Arista Stock Clear purchase points
Arista Networks sold, up 2.6% to 292.51, above a 289.87 cup purchase point. The volume was 23% above average, but not preferably 40% or more in the volume of out of stock. The Arista stock is on the list of IBD 50. The relative strength line has been trending upward in recent weeks, but is not quite at the height of the August consolidation.
Cisco, a larger, slow-growing component owned by Dow Jones, broke out about a month ago as a result of its profits. Cisco shares rose 0.8% on Thursday, reaching a new 18-year high.
Intel's shares rose 1.5% to 54.37, just wiping out a purchase point of 54.20 cups with average volume grip.
The actions of Arista and Intel formed their grip on the recent downturn, which appears to have been a constructive pause in the current stock market rally.
MongoDB Revenue Report
MongoDB's fourth quarter earnings report was strong. The database software maker lost 17 cents per adjusted share as revenues jumped 71% to $ 85.5 million. Both were much better than expected. MongoDB's sales results and forecasts for the first quarter were also bullish.
MongoDB's stock has exploded 19% late. Shares closed down 0.6% to 104.26, consolidating near a record high in late February. MongoDB shares, which went public at the end of 2017, generated a consolidated purchase point of 93.33 on February 4.
MongoDB 's shares have seen dramatic fluctuations, like many other software names at the top of the current stock market rally. The best ETFs are a way of limiting the action of stock-specific whipsaw. The IGV iShares Expanded Tech-Software Sector (IGV) ETF rose 0.6% to 207.45 on Wednesday, coming in at around 206.76 at a point of purchase with a handle. He is currently on SwingTrader of IBD.
Semtech revenue report
Semtech's profit marginally beat analysts' fourth-quarter views. However, Semtech's results and sales forecasts were well below the point of view.
The Semtech stock fell by 6% late. Shares closed up 1.6% at 55.50, advancing to a purchase point of 58.06 cups with a handle.
Although Intel stock and Xilinx (XLNX) are doing well, few chip values have entered the buying range while semiconductors have performed well in the current stock market rally.
Investors can play the chip chip via ETFs. The VanEck Vectors Semiconductor (SMH) ETF is also part of IBD's SwingTrader. It rose 0.4% on Wednesday.
Once again, as with Dow Jones futures, day-to-day stocks of individual stocks do not always have an impact the next day.
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