Skip to content
Wednesday, February 08, 2023
Y M L P-207

Y M L P-207

It's a Business Adventure

  • Insurance Business
  • Insurance Insider
  • Health Insurance
  • Business News
  • Finance
  • Business
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
You are Here
  • Home
  • Dow Jones Futures Rise After Stock Market Stages Nasty Reversal With Netflix, Tesla Earnings Due
Health Insurance

Dow Jones Futures Rise After Stock Market Stages Nasty Reversal With Netflix, Tesla Earnings Due

July 19, 20227 min read Sylvia

Dow Jones futures were higher following Monday’s nasty stock market reversal ahead of Netflix earnings, due out Tuesday. Tesla earnings are on deck for Wednesday.




X



Earnings season continues, with reports out from Dow Jones stock IBM (IBM) and Johnson & Johnson (JNJ), along with Halliburton (HAL) and Lockheed Martin (LMT). IBM reported late Monday, while J&J, Halliburton and Lockheed will report early Tuesday.

Stock Market Today

On Monday, the Dow Jones Industrial Average fell 0.7% after rallying as much as 1.1% at its intraday peak. The S&P 500 moved down 0.8% after rising as much as 1.1%. And the tech-heavy Nasdaq composite lost 0.8% after gaining as much as 1.5% in earlier trade.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) dropped 0.85%, and the SPDR S&P 500 ETF (SPY) declined 0.8%.

Bank of America (BAC) inched higher after its second-quarter results. Charles Schwab (SCHW) declined 1.5% despite a strong earnings report, while Goldman Sachs (GS) jumped 2.5% on better-than-expected earnings results.


Most Trusted Financial Companies — Take A Survey And Win A $50 Amazon Gift Card


Tesla (TSLA) slashed gains to 0.2% Monday. Among Dow Jones leaders, Apple (AAPL) sold off 2.1% on reports that the company plans to slow hiring and spending growth next year to prepare for a potential recession. Microsoft (MSFT) traded 1% lower in today’s stock market.

In the volatile stock market environment, Dow Jones leaders Johnson & Johnson, Merck (MRK) and UnitedHealth (UNH) — as well as Dollar Tree (DLTR), Northrop Grumman (NOC), Quanta Services (PWR) and Verra Mobility (VRRM) — are among the stocks to watch. Keep in mind that ongoing stock market volatility is a reason to stay more defensive.

UnitedHealth is an IBD Leaderboard stock. Dollar Tree is an IBD SwingTrader stock. Quanta was Thursday’s IBD Stock Of The Day. Verra was featured in this week’s Stocks Near A Buy Zone column.

Dow Jones Futures Today: Treasury Yields, Oil Prices

After Monday’s close, Dow Jones futures rose 0.15% vs. fair value, and S&P 500 futures gained 0.3%. Nasdaq 100 futures were up 0.3% vs. fair value. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

The 10-year Treasury yield ticked higher Monday, closing at 2.96%. Meanwhile, U.S. oil prices rebounded nearly 5%, with West Texas Intermediate trading above $99 per barrel.

Stock Market Rally

Individual stock action has been mostly improving in recent trading sessions, which is a good start during a struggling stock market rally. Still, be more conservative and keep positions small when it comes to new buys. Don’t raise exposure too quickly, especially amid plenty of uncertainty. Monday’s sharp reversal just provides more confirmation of a difficult environment in which to make progress.

Friday’s The Big Picture column commented, “The Nasdaq composite rose 1.8% and looks ready for another rendezvous with its 50-day moving average. Stock market bulls want to see the index back above this key level. If it can do that, a tradable rally could gain even more traction.”

If you’re new to IBD, consider taking a look at its stock trading system and CAN SLIM basics. Recognizing chart patterns is one key to the investment guidelines. IBD offers a broad range of growth-stock lists, such as Leaderboard and SwingTrader.

Investors also can create watchlists, find companies nearing a buy point, or develop custom screens at IBD MarketSmith.


Four Dow Jones Stocks To Watch Now


Dow Jones Earnings: IBM, Johnson & Johnson

IBM reported better-than-expected Q2 results late Monday. But shares fell more than 3% in extended trade. The company reported adjusted earnings of $2.31 a share on revenue of $15.5 billion. Analysts were expecting adjusted earnings of $2.27 on revenue of $15.1 billion. IBM stock ended about 5% off its 52-week high.

Dow Jones leader Johnson & Johnson remains below a double-bottom base’s 181.84 buy point, according to IBD MarketSmith chart analysis, after Monday’s 2.2% decline. The company reports early Tuesday.

Dow Jones Stocks To Watch: Merck, UnitedHealth

Drug giant Merck dropped 2.8% Monday, and is about 3% below its flat base’s 95.02 buy point.

Health insurance giant and IBD Leaderboard stock UnitedHealth is in buy range above its double-bottom-with-handle base’s 518.80 buy point after Monday’s 2% drop.

UNH stock shows a strong 96 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. Investors can use the IBD Composite Rating to easily gauge the quality of a stock’s fundamental and technical metrics.


4 Top Growth Stocks To Watch In The Current Stock Market Rally


Top Stocks To Watch: Dollar Tree, Northrop, Quanta, Verra

IBD SwingTrader stock Dollar Tree moved further above its cup-with-handle’s 166.45 buy point Monday, rising 0.9%. On another positive note, the discount retailer’s RS line is right at new highs. Dollar Tree stock shows a strong 97 out of a best-possible 99 IBD Composite Rating, per the IBD Stock Checkup.

Northrop Grumman fell below its key 50-day line, as it continues to build a flat base that has a 492.40 buy point. NOC shares were down 2.6% Monday.

Quanta Services is putting the finishing touches on a cup with handle that has a 138.56 buy point, according to IBD MarketSmith chart analysis. Shares are about 8% away from the latest entry after Monday’s 0.8% loss.

Verra Mobility is trying to break out past a cup-with-handle’s 16.83 buy point. Shares briefly topped the entry early Monday, but they closed mildly below the buy point. The stock’s RS line continued to show tremendous strength as it hit a new high Monday.


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


Netflix Earnings

Netflix earnings are due out late Tuesday. The company’s is expected to earn $2.96 a share, flat vs. the year-ago period on sales of about $8.03 billion. Revenue is expected to climb 9% year over year.

Last quarter, the company forecast losing 2 million subscribers in the June quarter amid price hikes and increased competition. Wall Street analysts now expect the video streamer to lose 1.72 million subscribers in Q2.

Netflix stock closed Monday more than 70% off its 52-week high.

Tesla Stock

Tesla stock rose 0.2% Monday, extending a win streak to four sessions. Shares are trying to decisively regain their 50-day line, but remain deeply below their 200-day line. Tesla stock traded as high as 1,243.49 on Nov. 4. Shares are about 42% off that record high.

The EV giant’s earnings are due out Wednesday after the stock market closes. Analysts expect the company’s earnings to rise 28% to $1.86 per share on revenues of $16.5 billion.

Tesla delivered 254,695 vehicles in Q2, roughly in line with lowered Wall Street estimates. FactSet analysts expect deliveries to ramp up in the second half of 2022, with chip supply slowly increasing. Wall Street sees Tesla notching 1.4 million units by the end of the year.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares sold off 2.1% Monday, snapping a two-day win streak. Apple remains above its 50-day line after bullish action in recent weeks. Shares remain far below their long-term 200-day line. The stock is about 20% off its 52-week high. Apple earnings are due out July 28.

Microsoft dropped 1% Monday, again finding resistance around its 50-day line. The stock closed about 27% off its 52-week high. The software giant will report quarterly results on July 26.

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

YOU MAY ALSO LIKE:

Top Growth Stocks To Buy And Watch

Learn How To Time 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 Simplifies The Search For Top Stocks

Amazon Fba Business, Atlanta Business Chronicle'S, Boss Baby Back In Business, Business Administration Degree, Business Attire Women, Business Card Design, Business Cards Templates, Business Casual Dress, Business Casual Outfits, Business Checking Account, Business Credit Card, Business For Sale Near Me, Business Intelligence Platform, Business Lawyer Near Me, Business Loan Calculator, Business Name Ideas, Business Professional Women, Business Spectrum Login, California Business Entity Search, Capital One Spark Business, Carl Weber'S The Family Business, Charlotte Business Journal, Custom Business Cards, Delaware Business Search, Fl Sos Business Search, Florida Business Search, Harvard Business Publishing, Insurance For Small Business, Kelley School Of Business, Maryland Business Express, Maryland Business Search, Moo Business Cards, National Business Furniture, New York Business Search, Ohio Business Gateway, Onedrive For Business, Online Business Ideas, Paramore Misery Business, Risky Business Cast, Small Business Insurance, Spectrum Business Customer Service, Tom Cruise Risky Business, Us Small Business Administration, Verizon Wireless Business, Verizon Wireless Business Login, Virtual Business Address, What Is Business Administration, Women'S Business Casual, Yelp Business Login, Yelp For Business
Share
Facebook Twitter Pinterest Linkedin

Post navigation

Insurance delays hurt patients and doctors, but Congress can fix it
Icons of Cincinnati — Entrepreneurs thriving in the Buckeye State

Related Posts

  • The Engineering Network Announces Event for 2023

    The Engineering Network Announces Event for 2023

    October 30, 2022November 15, 2022
  • Henry Kravis KKR | Conflict, Integrity, Collaboration

    Henry Kravis KKR | Conflict, Integrity, Collaboration

    October 29, 2022November 15, 2022
  • 7 Common Mistakes to Avoid

    7 Common Mistakes to Avoid

    October 28, 2022November 15, 2022
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • December 2016

Recent Posts

  • Capabilities Of Management
  • An Overview Of Indian Mutual Funds
  • Searching For a Legal Freelance Consultant
  • Twitter
  • The Management Consulting Presentation Framework

BL

agen beras di malang 

Tags

Amazon Business Login Amazon Business Prime Bank Of America Business Account Best Business Schools business Business Attorney Near Me Business Bank Account Business Card Holder Business Card Maker Business Cards Near Me Business Card Template Business Casual Attire Business Casual Shoes Business Casual Woman Business Plan Examples Ca Business Search Capital One Business Credit Card Ca Sos Business Search Chase Business Checking Chase Business Credit Cards Chase Business Customer Service Chase Business Login Chase Business Phone Number Cheap Business Cards Citizens Business Bank Cox Business Login Digital Business Card Facebook Business Suite Finance In Business Free Business Cards Google Business Login Harvard Business School Lands End Business Massage Parlor Business Near Me Michigan Business Entity Search Mind Your Business Mind Your Own Business Ohio Business Search Risky Business Costume Skype For Business Small Business Loan Small Business Saturday 2021 Starting A Business Texas Business Entity Search Triumph Business Capital

Visit Now

Home For The Holidays

Related Article

Finance

Role of Pulses in Indian Agriculture

February 3, 2023November 22, 20227 min read
Finance

Trade Finance As A Business Development Strategy

January 19, 2023November 22, 20223 min read
Finance

Examine Out This Possibility to Find out Extra About the Globe of Finance

January 19, 2023November 22, 20224 min read
Finance

Advantages of Aquaponics When Compared To Soil Based Agriculture

January 12, 2023November 22, 20223 min read
ymlp207.net
Proudly powered by WordPress | Theme: Engage News by Candid Themes.