Dow Jones falls;  Tech titans AMD, Netflix, Nvidia, Uber Flash Buys

Dow Jones stock futures were lower ahead of Tuesday’s open after the Dow Jones Industrial Average fell 55 points Monday on tightening credit conditions. tech titans modern micro devices (AMD) And Nvidia (NVDA), Netflix (NFLX) And Uber Technologies (ABOVE) gave bullish signals on Monday.


On Monday afternoon, the Federal Reserve’s Senior Loan Officer Opinion Survey (SLOOS) showed that banks tightened their lending standards in the first quarter compared to the fourth quarter of 2022 amid the ongoing banking crisis.

The net percentage of U.S. banks that tightened lending standards for large and medium-sized businesses rose to 46% in the first quarter, compared with 44.8% in the previous quarter, the report shows. Meanwhile, the share of banks tightening lending standards for small businesses rose to 46.7% in the first quarter from 43.8% in the fourth quarter of 2022.

At last week’s Fed meeting, Fed Chair Jerome Powell told reporters, “The SLOOS are broadly consistent when you align them with how we and others have been thinking about the situation and what we are getting out of others.” see sources. Bank data will show that lending has continued to grow, but the pace has slowed significantly since the second half of last year.”

late monday, Palantir Technologies (PLTR), PayPal (PYPL), Shockwave Medical (SWAV) And Skyworks solutions (SWKS) were heading for the wins.

Palantir shares are up more than 23% in extended trading, while PayPal shares are down nearly 3%. Shockwave shares were up 4% late and Skyworks Solutions was down nearly 5% after the close.

Inflation data on deck

On the economic front this weekthe CPI for April will be released at 8:30 am ET on Wednesday.

Inflation data will be closely monitored throughout May That’s what the Federal Reserve indicated last week on a possible pause in June of the rate hike program that is slowing inflation but exacerbating financial sector instability. Regulators say they will “closely monitor incoming information and assess the impact on monetary policy.”

stock market today

On Monday, the Dow Jones Industrial Average fell 0.2%. The S&P 500 rose less than 0.1%, while the tech-heavy Nasdaq Composite gained 0.2%.

EV leader Tesla (TSLA) traded 1% higher on Monday. Under Dow Jones Stocks, Apple (AAPL) centimeters lower and Microsoft (MSFT) lost 0.6% in the year Today’s stock market Action.

modern micro devices, IBD Leaderboard Stock nvidia, IBD SwingTrader Idea Netflix and Uber Technologies — as well as Dow Jones stocks Nike (NKE) And Visas (V) – are among the stocks to keep an eye on as the stock market continues to struggle to the upside.

Visa was introduced this week “Stocks near a buy zone” column.. Netflix and Nvidia were new IBD Stock of the Day Subjects.

4 top growth stocks to buy and keep an eye on right nowRent stock market rally

Dow Jones Stock Futures Today: Oil Prices, Treasury Yields

Ahead of Tuesday’s opening bell, Dow Jones futures are down 0.4% from fair value, while S&P 500 futures are down 0.45%. Nasdaq 100 futures lost 0.5% from fair value in overnight trading. Think about the overnight action Dow Jones futures and elsewhere, it doesn’t necessarily translate into actual trading in the next regular season stock market Meeting.

The US 10-year Treasury yield rose to 3.52% on Monday. Since early April, 10-year government bond yields have continued to recover from their lowest level since mid-September. U.S. oil prices rose on Monday as West Texas Intermediate futures settled just below $73 a barrel.

IBD’s latest newsletter, MarketDiem, brings you actionable stock, options and crypto ideas right to your inbox.

What to do in the stock market rally?

Now is an important time for reading IBD’s The Big Picture column with the stock market trend in an “uptrend under pressure”.

Given Monday’s mixed performance, the market outlook remains in an “uptrend under pressure,” meaning investors should be on the defensive rather than aggressively buying breakout stocks. The exposure recommended by IBD is currently 20% to 40%.

Two useful ones IBD MarketSmith The current lists to review are Breaking Out Today and Near Pivot. The latter shows stocks approaching buy points in the bases and the other shows stocks that have risen above buy points during the session.

You can find more stock ideas here IBD Stock ListsHow IBD 50, big cap 20 And Stocks near a buy zone. These characteristics identify bullish patterns and buy points and should be checked daily.

Learn how to drive the market with IBD’s ETF market strategy

Dow Jones Stocks To Buy And Watch: Nike, Visa

Nike shares rose 0.2% on Monday, still below the cup and handle buy point of 127.59 IBD MarketSmith Pattern recognition, following last week’s breakout attempt.

Visa shares remain in buy territory above 230.15 buy point amid Monday’s slight gain. The buy range extends to 241.66.

The best stocks to buy and watch: AMD, Nvidia, Netflix, Uber

Chip leader Advanced Micro Devices rose 5.8% on Monday, bullishly retaking the 50-day moving average. Shares climbed above an early trendline entry and used Thursday’s high of 91.64 as a buying point. The stock continues to build a cup base with a buy point of 102.53.

IBD ranking Stock Nvidia shares continued to finish Monday above a buy point of 280.10 in a brief consolidation after rising 1.6% in the session IBD MarketSmith. The 5% buy zone goes to 294.11.

Monday’s IBD stock of the dayNetflix, popped up about it 50-day moving average line. This positive action opened up a buying opportunity for aggressive investors. Additionally, Netflix stock is now approaching one buy point from 349.90 from a Mug with handle base.

Uber Technologies has cleared the buy point of 37.68 on a cup basis and is up 2.9% on Monday. The 5% buy range goes to 39.56.

Join IBD experts as they analyze leading stocks from the current stock market rally on IBD Live

Tesla stock

Tesla stock was up another 1% on Monday, adding to Friday’s strong gains. Still, stocks remain below their 50-day moving average as they try to build a new base.

The stock closed 45% below its 52-week high on Monday.

Dow Jones leaders: Apple, Microsoft

Under Dow Jones Stocks, Apple shares paused on Monday after rising 4.7% on Friday. They closed just below their 52-week highs, which reset in mid-August. Above a buy point of 157.48, the stock continues to rally and is outside of the buy range that stretched as far as 165.35.

Microsoft shares are well above a flat baseline of 276.86 after hitting a 52-week high on Friday. They fell 0.6% to 308.65 on Monday. The 5% buy area rose from the buy point to 290.70.

Follow Scott Lehtonen on Twitter at @IBD_SLehtonen for top stocks to buy and watch and Dow Jones Industrial Average action.


Top growth stocks to buy and watch

Learn how to drive the market with IBD’s ETF market strategy

Find the best long-term investments with IBD Long-Term Leaders

MarketSmith: Research, charts, data and coaching all in one place

How to research growth stocks: Why this IBD tool makes finding top stocks easy

Dow Jones futures fall ahead of Biden debt ceiling meeting

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *