Dow Jones Futures Fall: 7 Top Stocks to Buy and Watch in Today’s Stock Market

Dow Jones futures fell 130 points after the stock market fell on Monday. Despite a slight decline on Monday, the market remains bullish. And the seven top stocks to buy and watch include the Dow Jones energy giant beam ,CVX) And IBD leaderboard store quanta services ,PWR,


Arista Network ,sides, CF Industries ,CF, Devon Energy ,dvn, Diamondback Energy ,fang) And mosaic ,state Minister) were the major earnings reports after the Monday closed.

Shares of ANET jumped 6% in extended trading on strong Q2 results. CF stock dropped more than 1%. Devon shares were down. Diamondback slid less than 1%. And Mosaic was down about 3%.

Meanwhile, Dow Jones Stocks Kamla ,cat), with incyte ,INCY) And Uber Technologies ,Uber), will report before Tuesday’s open.

stock market today

The Dow Jones Industrial Average fell 0.1% on Monday, and the S&P 500 was down 0.3%. The tech-heavy Nasdaq Composite lost 0.2%, ending a three-day winning streak.

US Stock Market Today Overview

index sign, symbol worth profit loss % Change
Dow Jones ,0 paisa, 32799.18 -45.95 -0.14
S&P 500 ,0S&P5, 4118.62 -11.67 -0.28
Nasdaq ,0NDQC , 12368.98 -21.71 -0.18
Russell 2000 ,IWM, 187.15 -0.10 -0.05
IBD 50 ,ffty, 28.49 +0.04 +0.14
Last Updated: 4:36PM ET 8/1/2022

among exchange traded fundsNasdaq 100 Tracker Invesco QQQ Trust (QQQ) dropped 0.1%, and the SPDR S&P 500 ETF (Detective) fell 0.3%.

Tesla ,TSLA) on Monday, the profit fell less than 0.1%. among dow jones leader, Apple ,AAPL) And Microsoft ,msft) declined by 0.6% and 1%, respectively. Today’s stock market.

In a strong stock market environment, the Dow Jones sold Chevron and unitedhealth ,uhh) – With all Chenier Energy ,LNG, Exxon Mobil ,XOM), Quanta Services, upside down beauty ,ULTA) And Vertex Pharmaceuticals ,VRTX) – are among the top stocks to buy and watch.

Quanta, UnitedHealth and Vertex are IBD leaderboard stock. Chevron and Exxon were featured in This Week’s Stock near a buy area column.

Dow Jones Futures Today: Treasury Yield, Oil Prices

After Monday’s close, the Dow Jones futures declined 0.4% versus fair value, while the S&P 500 futures fell 0.5%. Nasdaq 100 futures were down 0.5% versus fair value. Remember that overnight action dow jones futures and nowhere else necessarily translates into actual business in the next routine Share Market session.

The 10-year Treasury yield edged lower on Monday, closing at 2.6% and falling for the fifth straight session. The 10-year yield is at its lowest level since the beginning of April. Meanwhile, US oil prices fell nearly 5%, with West Texas Intermediate futures trading below $94 a barrel.

What to do in the current rally of the stock market?

Last week, IBD upgraded its market outlook from a “pressure uptrend” to a “confirmed uptrend” due to improving stock market conditions.

Investors have the green light to boost their exposure to the stock, focusing on those who break past correct buy points, Slowly infuse capital in major stocks. Still, this is not the time to be overly aggressive.

Use each buy as a reaction to the current strength of the market rally. Don’t panic if you miss the first couple of breakouts. If the stock market uptrend is real, there will be plenty of time to buy the stock and make money. This is an important strategy as prior follow-ups have failed this year and rallies have been cut short.

big picture of friday The column commented, “In a potentially dangerous week dominated by Big Tech earnings and the latest Fed meeting, the indexes still managed to power higher. It seems Wall Street is increasingly inclined to believe the economy is turning a corner. is changing.”

If you’re new to IBD, consider taking a look at stock trading system And can slim basics, recognize chart pattern One of the key is investment guidelines. Offers a wide range of IBD growth stock listssuch as leaderboard And swing trader,

Investors can also create watchlists, find companies nearby point of purchaseor develop custom screen IBD Marketsmith,

Five Dow Jones stocks to watch now

Dow Jones Stocks to Watch: Chevron, UnitedHealth

Dow Jones energy giant Chevron is building the right side of a cup base with 182.50 buy points. Be on the lookout for potential handles to offer low entry. Shares jump after last week Strong earnings results for the company. Chevron stock went down 2% on Monday.

health insurance giants and IBD leaderboard Stock UnitedHealth is in a buy range above the 518.80 buying point of its double-bottom-with-handle base after Monday’s 1.3% loss. IBD Marketsmith chart analysis.

UNH Stock Shows a solid 94 out of a perfect 99 ibd overall rating, To IBD Stock Checkup. Investors can use the IBD composite rating to easily measure the quality of a stock’s fundamental and technical metrics.

4 Top Growth Stocks To Look ForRstock market rally

Top stocks to watch: Chenier, Exxon, Quanta, Ulta, Vertex

Chenier Energy A. is in a buy zone after crossing trendline entry Around 140. Now the stock is trying to break the previous one double bottoms 146.45 buying point. relative strength line Just reaching new heights, a positive sign. Shares fell 1.7% on Monday.

Friday’s IBD Stocks Exxon Mobil reclaimed the 50-day line and topped an aggressive early entry around 93.24, as Shares rose 4.6 percent on Friday, But the energy giant gave up some ground on Monday, falling 2.5%. Meanwhile, a cup-base entry at 105.67 is also in play.

IBD leaderboard Stock Quanta Services is back at 138.56 buy point on a cup-with-handle basis after Monday’s minor loss. IBD Marketsmith chart analysis. Quanta’s earnings are due on Thursday.

Ulta Beauty is forming a flat base with a 429.58 buy point, but it’s finding it difficult to conclusively retake its 50-day line amid Monday’s 1.4% gain. The base comes in the wake of a failed breakout after a cup in June with Handel’s 426.93 entry.

Vertex Pharmaceuticals dropped its cup with Handle’s 279.23 buy point and fell below the 50-day line after Monday’s drop of 2.35%. The company will report earnings on Thursday.

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

Tesla Stock

Tesla stock fell less than 0.1% on Monday, but still extended its winning streak to four sessions. The stock is at its highest level since early May and is finding resistance around its 200-day line, which is an important level to watch.

The stock is down about 28% from its 52-week high.

Dow Jones Leaders: Apple, Microsoft

among Dow Jones sharesApple shares fell 0.6% on Monday, ending a three-day winning streak. Last week, the stock recovered its 200-day line for the first time since May 5.

Microsoft dropped 1% on Monday but remains above its 50-day line. Nevertheless, the software giant is still below its long-term 200-day line. The stock closed nearly 20% from its 52-week high.

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

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