Dow Jones Drops 200 Points Ahead of Core Inflation Data; 6 Best Stocks to Buy and Watch

Dow Jones Drops 200 Points Ahead of Core Inflation Data;  6 Best Stocks to Buy and Watch
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Dow Jones futures rose ahead of Tuesday’s open after the Dow Jones Industrial Average hit a two-day winning streak on Monday. The six best stocks to buy and watch include hot IPO shares furniture (MBLY).


Earlier on Tuesday, the producer price index (PPI) will be released at 8:30am ET. PPI is expected to rise 0.5% in October. last month. And wholesale inflation is expected to rise 8.3% from a year ago.

Third quarter earnings season Continuing this week with key reports from Dow Jones stocks Cisco Systems (CSCO), Home Depot (HD) and Walmart (WMT), with Applied Materials (BUT), kohl’s (CSR), Lowe’s (LOW), Macy’s (M), Nvidia (NVDA), Palo Alto Networks (PANW) and Aim (TGT).

Stock Market Today

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

between exchange-traded fundsNasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 0.9% and the SPDR S&P 500 (SPY) fell 0.8%.

electric vehicle giant tesla (TSLA) fell 2.6% on Monday. between Dow Jones stocks, Apple (AAPL) traded down 0.4% and Microsoft (MSFT) lost 2.25% today’s stock market.

Among the best stocks to buy and watch, IBD Leaderboard stock available Arista Networks (A NETWORK), IBD SwingTrader stock available general engines (general manager), GlobalFoundries (GFS), Mobileye and star 66 (PSX) — and also the name Dow Jones caterpillar (CAT) — among the best stocks to buy and watch.

Arista Networks is a IBD Leaderboard watch list stock and also took part It’s in last week’s Stocks Near a Buying Zone column, along with three other key stock ideas. General Motors a IBD SwingTrader stock available. And Mobileye came to the fore last week IPO Leader.

Top 4 Stocks to Buy and Watch on Curyearen Stock Rally

Dow Jones Futures Today: Treasury Yields, Oil Prices

Dow Jones futures were up 0.3% ahead of the opening bell on Tuesday. S&P 500 futures were up 0.4%. Technology-heavy Nasdaq 100 futures were up 0.5%. reasonable value. Remember that overnight action Dow Jones futures and elsewhere it doesn’t necessarily turn into real trade on the next regular trade Exchange session.

The 10-year Treasury yield recovered slightly from last week’s decline to 3.86% on Monday. Meanwhile, US oil prices fell more than 4% as West Texas Intermediate futures traded at just over $85 a barrel.

IBD’s latest newsletter, MarketDiem, offers actionable ideas for stocks, options and crypto straight from your inbox.

What to Do in a Stock Rally

Now is an important time to read IBD’s Big Picture column after the stock market trend changes from “pressured uptrend” to “confirmed uptrend”.

It is important to be flexible during this period. Despite recent gains, investors should take a cautious stance and limit risk to no more than 40%. Wait for further confirmation of continued strength before adding more exposure. Instant deployment will be a sign to stay more defensive.

If your recent stock purchases continue to make progress, you should rely more on the stock market rally. But sharp returns and losing trades will of course be signs to keep more of your powder dry.

(Payment IBD Stock Lists as IBD 50 and Stocks Near a Buying Zonefor additional stock ideas.)

Five Dow Jones Stocks to Buy and Watch Now

Dow Jones Stocks to Watch: Caterpillar

Dow Jones member Caterpillar tries to beat 238 of a coupe floor point of purchase, according to this IBD MarketSmith pattern recognition. Caterpillar shares were flat on Monday.

cat stock offers an impressive 97 out of an excellent 99 IBD Composites Rating. IBD Stock Control.

Best Stocks to Buy and Watch: Arista, GM, GlobalFoundries, Mobileye, Phillips 66

IBD Leaderboard stock Arista Networks tried to break 132.97 of the trap and volatile base point of purchase It’s in the middle of Monday’s 2.1% climb. Shares briefly debuted before closing just below the entry.

automobile manufacturer and IBD SwingTrader stock General Motors gave up from the 40.20 point of purchase of the pommel cup during Monday’s 2.8 percent decline. If the stock picks up the entry again, the buying area peaks at 42.21.

Last IBD Stock of the Day GlobalFoundries is trading around 1% off the 66.06 buy spot on a trophy basis, after gaining 0.4% on Monday.

public offering leader Mobileye rose above 29.96 points of purchase on an IPO basis, according to this IBD MarketSmith pattern recognition, but shares reversed Monday’s lower and fell below again. The 5% chase zone would peak at 31.46.

Monday’s IBD 50 Stock SelectionPhillips 66 crosses 110.08 of the bottom of a cup with handle point of purchase. Shares broke out on Friday, but gave up some of those gains on Monday. The stock is in the 5% buy zone as high as 115.58.

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

Tesla Stock

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

Shares are down more than 50% at 52-week highs and sharply below the 50- and 200-day moving average lines.

Dow Jones Leaders: Apple, Microsoft

between Dow Jones stocksShares of Apple are down 0.4% on Monday, but still holding above the recently recaptured 50-day line. The stock is about 20% off from its 52-week high.

Microsoft dropped 2% on Monday, giving back all of Friday’s earnings. The stock stopped the session’s decline at the 50-day line. The software giant continues to discount more than 30% at its 52-week high.

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


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