Dow Jones futures were lower at Tuesday’s open after the Dow Jones Industrial Average rallied more than 400 points on Monday. Tech titans Alphabet, Apple, MetaPlatforms and Microsoft all posted earnings this week.
But first, Dow Jones stocks 3M (Mmm) and Coke (There is) will be reported early Tuesday. General Motors (GM), Halliburton (HAL), Raytheon Technologies (RTX) and UPS (UPS) will be among the main reporters on Tuesday morning.
Today’s stock market: Chinese shares fall
On Monday, the Dow Jones industrial average advanced 1.3% and the S&P 500 advanced 1.2%. The tech-heavy Nasdaq composite rose 0.9%. And the small-cap Russell 2000 rose 0.35%.
Chinese shares fell on Monday as China’s Hang Seng index fell 6.4% to close at its lowest level since April 29, 2009. Chinese President Xi Jinping He continued to consolidate his powerAppointing several supporters to the party’s most powerful decision-making body after defying convention and running for a third term.
Autonomous zone (AZO), Cardinal health (CAH), Rat Lily (LLY) and Texas Roadhouse (TXRH) — as well as Dow Jones stocks Chevron (CVX) and United Health (UNH) — are among the best stocks to buy and watch. Remember that a new stock market rally is the perfect time for investors to activate their watch lists.
Dow Jones Futures Today: Treasury yields, oil prices
Dow Jones futures fell 0.2% before the opening bell on Tuesday. Nasdaq 100 futures were down 0.25% against fair value. Remember that it is an overnight operation Dow Jones futures The next routine elsewhere doesn’t necessarily translate into actual trading stock market session.
The 10-year Treasury yield rose to 4.23% on Monday, settling at its highest level since June 2008. Meanwhile, U.S. oil prices eased on Monday after a three-day rally. West Texas Intermediate futures traded near $85 a barrel.
Q3 earnings Season: Alphabet, Apple, Meta, Microsoft report
Earnings reports cause many big moves in stocks and require special attention. Strong earnings can fuel top stocks to previously untouched levels — and above new buy points.
The stock market’s reaction to an earnings release can often tell you more than earnings. If results look strong but the stock falls, investors may worry about the sustainability of growth, rising costs or other potential downsides.
In a market rally attempt, investors should look for companies that easily beat earnings results and have strong reversals. They could be one of the stock market leaders if the market rebounds.
What to Do in a New Stock Market Rally
Despite recent gains, now is not the time to aggressively jump back into stocks with both feet, but to take a measured approach. Most investors should only have a maximum exposure of 20% of the portfolio. Aggressive investors should stay below 40% exposure until the market starts to prove itself.
Now is an important time to study IBD’s The Big Picture column. Following Friday’s powerful gains, investors will want to put their curated watchlists to work to jump on future breakouts. But not all follow-ups work, so it’s important to raise exposure slowly and systematically as the new boom proves itself.
If the uptrend is real and meaningful, there will be plenty of time to make money with successful breakouts. Now, as the new stock market rally takes hold, it is important to be disciplined in raising exposure.
Dow Jones stocks to watch: Merck, UnitedHealth
Member of Dow Jones and IBD 50 share Merck is the last one Double bottom93.12 Point to buy, According to IBD MarketSmith model recognition. Shares rose 1.8% on Monday, closing in 5% buy territory at 97.78. Third-quarter earnings results are due before the opening bell on Thursday.
Health care company UnitedHealth approaches the handle’s 553.23 with a trophy. Point to buy, According to IBD MarketSmith model recognition. Shares rose 1.5% on Monday, moving closer to the stock’s recent entry.
Key stocks to watch: AutoZone, Cardinal, Eli Lilly, Texas Roadhouse
Head of Auto Parts and Latest IBD stock of the day AutoZone rose 4.6% on Monday, breaking above a cup base’s 2,362.34 buy point. 5% Chase zone goes up to 2,480.46.
IBD Leaderboard Shares of Cardinal Health are in buy range above a short cup-with-handle entry of 71.22. IBD MarketSmith Chart analysis. Shares are breaking out past the 72.38 buy point of a flat base. Earnings will be available on Nov 4.
IBD SwingTrader The stock traded above Eli Lilly’s flat base of 335.43 buy points, up 2.1% last Monday to close further in buy range.
Texas Roadhouse is trying to recover a flat base’s 95.52 buy point after a brief breakout move last week. Shares ended Monday slightly above the entry. The earnings will be released on Thursday.
Tesla stock It fell as much as 7.4% on Monday before paring losses to 1.5% after cutting prices for its Model 3 and Model Y cars in China by up to 9%. Shares hit lowest level since June 2021.
The stock closed about 49% off its 52-week high.
Dow Jones Leaders: Apple, Microsoft
in the middle Dow Jones Stocks, Apple shares rallied 1.5% on Monday and are about 18% off their 52-week high. Despite the recent rally, the stock remains below its 50- and 200-day lines. Apple’s earnings tap after Thursday’s close.
Microsoft rose 2.1% on Monday, a second straight day of gains. After hitting a 52-week low on October 13, the stock is in recovery mode. The software company is down about 30% from its 52-week high. Microsoft earnings are due later Tuesday.
Don’t forget to follow Scott Lehtonen on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.
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