Dow Jones futures, along with S&P 500 futures and Nasdaq futures, fell slightly on Sunday night, indicating a potential dip in the stock market. Despite the recent resilience of the stock market rally, which pared modest weekly losses, Treasury yields have been soaring, causing some concern. However, Friday’s bounce in the market largely fizzled out, particularly for the Nasdaq, which is facing resistance.
Several stocks are currently in focus, including Nvidia, Visa, Chipotle Mexican Grill, Salesforce.com, Tempur Sealy, Livent, Arista Networks, SLB, Flowserve, and Marriott International. Visa and Marriott are in traditional buy zones, while Chipotle and Flowserve are near them. SLB stock is actionable from an early entry, while Nvidia, Salesforce.com, Tempur Sealy, Arista Networks, and Livent are close to potential entry points.
Nvidia, along with software makers Salesforce and Dynatrace, are riding the wave of artificial intelligence (AI) technology, which is also benefiting many other tech stocks. Nvidia is on the IBD Leaderboard, while Chipotle stock is on the Leaderboard watchlist. Dynatrace stock is on SwingTrader, and Livent stock and Salesforce.com are on the IBD 50 list. Salesforce was highlighted as Friday’s IBD Stock Of The Day.
In terms of market futures, Dow Jones futures dipped 0.1% compared to fair value, while S&P 500 futures lost 0.2% and Nasdaq 100 futures fell 0.3%. The 10-year Treasury yield rose slightly to 4.08%. It’s important to note that overnight action in futures doesn’t always translate into actual trading during regular stock market sessions.
The stock market rally experienced a pullback last week, with the Dow Jones Industrial Average falling 2% and slipping below its 21-day line. The S&P 500 index fell 1.2% and the Nasdaq composite slipped 0.9%, although it managed to hold the 10-day line. The small-cap Russell 2000 fell 1.3%, but a 1.2% bounce on Friday brought it back above the 21-day line.
In terms of ETFs, various sectors experienced mixed performance. Growth ETFs such as the Innovator IBD 50 ETF and the Innovator IBD Breakout Opportunities ETF declined, while the iShares Expanded Tech-Software Sector ETF and the VanEck Vectors Semiconductor ETF also saw losses. Story stocks, such as those included in the ARK Innovation ETF and the ARK Genomics ETF, slipped as well. However, the U.S. Global Jets ETF rose 1.2% after a strong performance in the prior week.
Investors should closely monitor the market rally and build up their watchlists. While some stocks have shown early entry signals, it’s important to exercise caution and consider taking quick partial profits, especially if the Nasdaq reaches extreme levels again.Dow Jones futures, along with S&P 500 futures and Nasdaq futures, fell slightly on Sunday night, indicating a potential dip in the stock market. Despite the recent resilience of the stock market rally, which pared modest weekly losses, Treasury yields have been soaring, causing some concern. However, Friday’s bounce in the market largely fizzled out, particularly for the Nasdaq, which is facing resistance.
Several stocks are currently in focus, including Nvidia, Visa, Chipotle Mexican Grill, Salesforce.com, Tempur Sealy, Livent, Arista Networks, SLB, Flowserve, and Marriott International. Visa and Marriott are in traditional buy zones, while Chipotle and Flowserve are near them. SLB stock is actionable from an early entry, while Nvidia, Salesforce.com, Tempur Sealy, Arista Networks, and Livent are close to potential entry points.
Nvidia, along with software makers Salesforce and Dynatrace, is riding the wave of artificial intelligence (AI) technology, which is also benefiting many other tech stocks. Nvidia is on the IBD Leaderboard, while Chipotle stock is on the Leaderboard watchlist. Dynatrace stock is on SwingTrader, and Livent stock and Salesforce.com are on the IBD 50 list, with Salesforce being Friday’s IBD Stock Of The Day.
In terms of market futures, Dow Jones futures dipped 0.1% compared to fair value, while S&P 500 futures lost 0.2% and Nasdaq 100 futures fell 0.3%. The 10-year Treasury yield rose slightly to 4.08%. It’s important to note that overnight action in futures doesn’t always translate into actual trading during regular stock market sessions.
The stock market rally experienced a pullback last week, with the Dow Jones Industrial Average falling 2% and the S&P 500 index falling 1.2%. The Nasdaq composite slipped 0.9%, while the small-cap Russell 2000 fell 1.3%. However, Friday’s bounce brought the Russell 2000 back above its 21-day line. The Invesco S&P 500 Equal Weight ETF lost just 0.75%, and the First Trust Nasdaq 100 Equal Weighted Index ETF gave up 1.3%.
The 10-year Treasury yield jumped 23 basis points to 4.05%, matching the 2023 high of 4.09% intraday. The two-year Treasury yield, which is closely tied to Federal Reserve policy, rose 5 basis points to 4.93%, but fell back from Thursday’s 16-year high of 5.12%.
In terms of ETFs, the Innovator IBD 50 ETF fell 2.7% last week, while the Innovator IBD Breakout Opportunities ETF lost 1.75%. The iShares Expanded Tech-Software Sector ETF declined 1.8%, and the VanEck Vectors Semiconductor ETF gave up 2.1%. The ARK Innovation ETF slipped 0.9%, and the ARK Genomics ETF retreated 2.8%. The SPDR S&P Metals & Mining ETF sank 0.6%, while the Global X U.S. Infrastructure Development ETF declined 1.6%. The U.S. Global Jets ETF rose 1.2%, and the SPDR S&P Homebuilders ETF gave up 2.9%. The Energy Select SPDR ETF dipped 0.5%, and the Health Care Select Sector SPDR Fund slumped 2.8%. The Industrial Select Sector SPDR Fund stepped back 1%, while the Financial Select SPDR ETF fell 0.4% and the SPDR S&P Regional Banking ETF rose 1.6%.
Investors should pay close attention to the market rally and continue building their watchlists. While it may be tempting to add exposure, caution is advised as many stocks have flashed early entries only to pull back in the rangebound market. Quick partial profits may still be a wise move, especially if the Nasdaq reaches extreme levels again.
Earnings season is set to begin this week, with Delta Air Lines, Aehr Test Systems, and JPMorgan Chase leading several banks in reporting their financial results. It is recommended to stay in sync with the market direction and leading stocks and sectors by reading The Big Picture every day.
Please note that the information provided in this article is for informational purposes only and should not be considered as financial advice.
How are the stocks of Nvidia, Visa, Chipotle Mexican Grill, Salesforce.com, Tempur Sealy, Livent, Arista Networks, SLB, Flowserve, and Marriott International performing in the stock market currently, and what are the potential entry points for these stocks
Dow Jones futures, S&P 500 futures, and Nasdaq futures all showed a slight decline on Sunday evening, suggesting a potential dip in the stock market. Despite recent resilience in the stock market rally, with modest weekly losses being pared, there is some concern due to soaring Treasury yields. The market’s bounce on Friday faded, especially for the Nasdaq, which is facing resistance.
Currently, several stocks are in focus, including Nvidia, Visa, Chipotle Mexican Grill, Salesforce.com, Tempur Sealy, Livent, Arista Networks, SLB, Flowserve, and Marriott International. Visa and Marriott are within traditional buy zones, while Chipotle and Flowserve are near them. SLB stock has an actionable early entry opportunity, while Nvidia, Salesforce.com, Tempur Sealy, Arista Networks, and Livent are close to potential entry points.
Nvidia, along with software makers Salesforce and Dynatrace, is benefitting from the artificial intelligence (AI) technology wave, which is also positively impacting many other tech stocks. Nvidia is part of the IBD Leaderboard, Chipotle stock features on the Leaderboard watchlist, Dynatrace stock is on SwingTrader, and Livent stock as well as Salesforce.com are on the IBD 50 list, with Salesforce being Friday’s IBD Stock Of The Day.
Regarding market futures, Dow Jones futures saw a 0.1% dip compared to fair value, S&P 500 futures lost 0.2%, and Nasdaq 100 futures fell 0.3%. The 10-year Treasury yield increased slightly to 4.08%. It’s important to note that the overnight action in futures does not always translate into actual trading during regular stock market sessions.
Last week, the stock market rally experienced a pullback, with the Dow Jones Industrial Average falling by 2% and slipping below its 21-day line. The S&P 500 index dropped 1.2%, and the Nasdaq composite slipped 0.9%, although it managed to hold the 10-day line. The small-cap Russell 2000 fell by 1.3%, but a 1.2% bounce on Friday allowed it to surpass the 21-day line again.
In terms of ETFs, various sectors saw mixed performance. Growth ETFs like the Innovator IBD 50 ETF and the Innovator IBD Breakout Opportunities ETF declined, as did the iShares Expanded Tech-Software Sector ETF and the VanEck Vectors Semiconductor ETF. The ARK Innovation ETF and the ARK Genomics ETF, which include story stocks, also experienced a decline. However, the U.S. Global Jets ETF rose by 1.2% following a strong performance in the previous week.
Investors should closely monitor the market rally and build up their watchlists. While some stocks have shown early entry signals, caution should be exercised, and quick partial profits should be considered, especially if the Nasdaq reaches extreme levels again.
The market rally and the resilient performance of Dow Jones futures demonstrate the strength of investors amidst various resistances. Keeping an eye on the top stocks to watch will be crucial in navigating the current market climate.
I’m impressed by the resilience demonstrated in the market rally despite ongoing resistance. The article provides a valuable insight into Dow Jones Futures and highlights top stocks to watch, enabling investors to make informed decisions.