Dow Jones Loses 200 Points Over Key Inflation Data; 6 best stocks to buy and watch

Dow Jones futures were higher before opening on Tuesday after the Dow Jones Industrial Average hit a two-day streak on Monday. Six top stocks to buy and keep an eye on include hot IPO stocks Mobileye (MBLY).


Earlier on Tuesday, the Producer Price Index (PPI) will be out at 8:30 am ET. The PPI is expected to rise 0.5% in October from the previous month. And wholesale inflation is expected to rise 8.3% from a year ago.

The third quarter earnings season continues this week, with key reports coming from Dow Jones stocks Cisco systems (CSCO), Home storage (HD) and Walmart (WMT), together with Applied materials (AMAT), by Kohl (KSS), by Lowe (LOW), by Macy (M), Nvidia (NVDA), Palo Alto networks (PANW) e Objective (TGT).

Stock exchange today

On Monday, the Dow Jones Industrial Average lost 0.6%, or 211 points, and the S&P 500 fell 0.9%. The high-tech Nasdaq composite sold 1.1%.

Among exchange-traded funds, the Nasdaq 100 Invesco QQQ Trust (QQQ) tracker fell 0.9% and the SPDR S&P 500 (SPY) fell 0.8%.

Electric vehicle giant Tesla (TSLA) fell 2.6% on Monday. Among the Dow Jones titles, Apple (AAPL) fell 0.4% e Microsoft (MSFT) lost 2.25% in today’s stock market.

Among the best stocks to buy and keep an eye on, the IBD Leaderboard stock Arista networks (ANET), IBD SwingTrader shares General Motors (GM), Global Foundries (GFS), Mobileye e Phillips 66 (PSX) – as well as the name Dow Jones caterpillar (CAT) – are among the best titles to buy and keep an eye on.

Arista Networks is an IBD Leaderboard watchlist title and was also featured in last week’s Stocks Near A Buy Zone column, along with three other top stock ideas. General Motors is an IBD SwingTrader share. And Mobileye was the leader of the featured IPO last week.

4 best growing stocks to buy and watch the curverent Stock market rally

Dow Jones Futures Today: Treasury Yields, Oil Prices

Before Tuesday’s opening bell, Dow Jones futures were up 0.2% from fair value, while S&P 500 futures were up 0.25%. High-tech Nasdaq 100 futures rose 0.35% over fair value. Remember that overnight action in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular session of the stock market.

The 10-year Treasury yield rose to 3.86% on Monday, making up for a small portion of last week’s decline. Meanwhile, US oil prices fell more than 4% as West Texas Intermediate futures traded just above $ 85 a barrel.

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What to do in the stock market rally

Now is an important time to read IBD’s The Big Picture column after the stock market trend has gone from an “uptrend under pressure” to a “confirmed uptrend”.

At this time, it is important to be flexible. Despite recent gains, investors should remain cautious, limiting exposure to no more than 40%. Wait for further confirmation of continued strength before adding more exposure. Immediate distribution would be a signal to remain more defensive.

If your recent stock purchases continue to make progress, you should feel more confident in the stock market rally. But sharp reversals and losing trades would obviously be signs of keeping more dust dry.

(See IBD stock lists such as IBD 50 and Stocks Near a Buy Zone for more stock ideas.)

Five Dow Jones titles to buy and watch now

Dow Jones Stocks To Watch: Caterpillar

Dow Jones member Caterpillar is looking to surpass the buy point of 238 of a base of cups, according to the IBD MarketSmith model recognition. Caterpillar shares remained flat on Monday.

CAT shares boast an impressive 97 out of a perfect 99 IBD Composite Rating, according to the IBD stock check.

The best titles to buy and keep an eye on: Arista, GM, GlobalFoundries, Mobileye, Phillips 66

IBD Leaderboard Arista Networks stock attempted to break above the buy point of 132.97 on an unstable base during Monday’s 2.1% climb. The stocks briefly passed the entry before closing just below it.

The automaker and IBD stock SwingTrader General Motors forfeited the 40.20 point of purchase of its handle mug during Monday’s 2.8% drop. If the stock resumes entry, the buying area peaks at 42.21.

The recent IBD of the day GlobalFoundries stock is trading around 1% from a buy point of 66.06 on a cup basis after rising 0.4% on Monday.

IPO leader Mobileye surpassed the buy point of 29.96 of an IPO base, according to the IBD MarketSmith pattern recognition, but on Monday, the shares rallied to the downside and back below it. The 5% chase zone would peak at 31.46.

Monday’s pick IBD 50 Stocks To Watch, Phillips 66, is surpassing the buy point of 110.08 for a handle cup base. The shares exploded on Friday, but gave up some of those gains on Monday. The stock is in the buy zone of 5%, which rises to 115.58.

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

Tesla shares

Tesla stock fell 2.6% on Monday, taking a two-day winning streak and wiping out Friday’s gains.

Stocks are more than 50% off their 52-week high and well below the 50-day and 200-day moving average lines.

Leader of the Dow Jones: Apple, Microsoft

Among Dow Jones shares, Apple shares fell 0.4% on Monday, but continue to hold above the recently regained 50-day line. The stock is about 20% lower than its 52-week high.

Microsoft fell 2% on Monday, returning all of Friday’s earnings. The stock stopped the session’s slide on the 50-day line. The software giant remains more than 30% shorter than its 52-week high.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more information on growing stocks and the Dow Jones Industrial Average.


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