Dow Jones protested 400 points, what to do now; 4 Tech Titans Earnings Report

Dow Jones futures edged higher ahead of Tuesday’s open after the Dow Jones Industrial Average rose more than 400 points on Monday. Tech giants like Alphabet, Apple, Meta Platforms and Microsoft have earnings due this week.


But first, the Dow Jones stock 3M (MMM) and Coca-Cola (KO) will report early Tuesday. Synthetic engine (GM), Halliburton (HAL), Raytheon Technologies (RTX) and UPS (UPS) will also be among the key reporters Tuesday morning.

Stock market today: Chinese stocks plunge

On Monday, the Dow Jones Industrial Average rose 1.3% and the S&P 500 gained 1.2%. The tech-heavy Nasdaq composite index rose 0.9 percent. And the small-cap Russell 2000 is up 0.35%.

Between exchange traded moneyNasdaq 100 Invesco QQQ Trust tracker (QQQ) rose 1.1% and the SPDR S&P 500 (SPY) increased by 1.2%.

Chinese stocks were hit hard on Monday as China’s Hang Seng index fell 6.4%, closing at its lowest level since April 29, 2009. Chinese leader Xi Jinping continue to strengthen his powerappointed several supporters to the party’s most powerful decision-making body after securing a third term defying convention.

Alibaba (TORTOISE) and Baidu (BIDU) decreased by more than 12% each. Daqo New Energy (DQ) decreased by nearly 7%, and Li Auto (LIFE) decreased by 17%. And Pinduoduo (PDD) crashed 24%.

Huge EVs Tesla (TSLA) reduced losses to 1.5% after hitting a 52-week low. Between Dow Jones Securities, Apple (AAPL) traded up 1.5% and Microsoft (MSFT) up 2.1% in stock market today.

AutoZone (AZO), Cardinal Health (CAH), Eli Lilly (ONLY) and Texas Roadhouse (TXRH) – as well as Dow Jones stock Chevron (CVX) and UnitedHealth (UNH) – is one of the top stocks to buy and watch. Remember that the new stock market rally is the perfect time for investors to put their watchlists to work.

Cardinal and Texas Roadhouse are IBD Rankings share. Eli Lilly is a IBD SwingTrader share. UnitedHealth has been featured in this week Stocks near the Buy Zone columnalong with three other top stock ideas.

Top 4 growth stocks to watchrent Stock Market Rally

Dow Jones Futures Today: Treasury yields, oil prices

Before Tuesday’s opening bell, Dow Jones futures were up 0.1% from fair value, while the S&P 500 inched higher. Nasdaq 100 futures contracts are unchanged at fair value. Remember that action overnight in Dow Jones Futures and elsewhere it doesn’t necessarily translate into actual trading the next week stock market meeting.

The 10-year Treasury yield edged higher to 4.23% on Monday, settling at its highest level since June 2008. Meanwhile, US oil prices fell on Monday, pausing after a streak of three. victory day. West Texas Intermediate futures trade near $85 per barrel.

3rd quarter earnings Section: Alphabet, Apple, Meta, Microsoft To Report

3rd quarter earnings season happening this week, with important reports coming from the tech giants Alphabet (GOOGLE), Apple (AAPL), Meta . Platform (META) and Microsoft (MSFT).

Results from Boeing (father), Chevron, Merck and Passport (DRAW) is also due during the week.

Earnings reports cause the most volatility for stocks, and they require special attention. High earnings can propel top stocks to previously untouched levels — and above new buy points — while a less dramatic announcement could send stocks plunging.

The stock market’s reaction to earnings releases can often tell you more than the earnings themselves. If the results look positive but the stock is still sliding, investors may be concerned about the sustainability of growth, rising costs, or other potential negatives.

With the market in attempt-to-recovery mode, investors should watch for companies that beat earnings results easily and reacted strongly to the upside. They could be among the stock market leaders if the market can recover.

What to do during a new stock market rally

Despite the recent gains, this is not the time to forcefully return to the stock with both feet, but to take a calculated approach. Exposure should be limited to a maximum of 20% of a portfolio for most investors. Active investors should maintain exposure below 40% until the market starts to prove itself.

Now is a great time to read IBD’s Big Picture category. After Friday’s strong gains, investors want to put their curated watchlists to work, for future breakouts. But not all followings work, so it’s important to increase visibility slowly and methodically, as the new uptrend has proven itself.

If the uptrend is real and meaningful, there will be plenty of time to make money with successful breakouts. Right now, it’s important to be disciplined in raising your exposure as the stock market rallies strongly.

Five Dow Jones stocks to watch now

Dow Jones Stocks to Watch: Merck, UnitedHealth

Dow Jones members and IBD 50 shares Merck is breaking through in the past double bottomof 93.12 buy points, based on IBD MarketSmith . Pattern Recognition. Shares rose 1.8% on Monday, ending in a 5% buy zone to 97.78. Third-quarter earnings results will come into effect on Thursday before the opening bell.

Healthcare giant UnitedHealth is approaching cup with handle 553.23 buy points, based on IBD MarketSmith . Pattern Recognition. Shares rose 1.5% Monday, moving closer to the stock’s latest entry.

Top stocks to watch: AutoZone, Cardinal, Eli Lilly, Texas Roadhouse

Auto parts leader and Recent IBD Stocks of the Day AutoZone is breaking through 2,362.34 cup base buy points, racing 4.6% higher on Monday. 5% Chasing Zone increased to 2,480.46.

IBD Rankings Cardinal Health stock is in a buy range after a 71.22 entry of the short cup with handle, according to IBD MarketSmith chart analysis. The stock is also breaking out past a 72.38 buy point of the flat base. Expected earnings for November 4

IBD SwingTrader Eli Lilly stock closed further in a buying range past a 335.43 buy point of flat basis, up 2.1% Monday.

Texas Roadhouse is attempting to regain a 95.52 buy point of a flat base after a brief breakout move last week. Stocks ended Monday just above entry. Earnings are due on Thursday.

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

Tesla shares

Tesla shares fell as much as 7.4% on Monday before reducing losses to 1.5% after cutting Model 3 and Model Y car prices by up to 9% in China. Shares hit their lowest level since June 2021.

Shares closed down about 49% from their 52-week high.

Dow Jones Leaders: Apple, Microsoft

Between Dow Jones SecuritiesShares of Apple rose 1.5% on Monday and are down about 18% from their 52-week high. Despite a recent rally, the stock remains below the 50 and 200-day lines. Apple earnings will be recognized on the Thursday after closing.

Microsoft rose 2.1% on Monday, the second straight day of gains. The stock is in recovery mode after hitting a 52-week low on Oct. 13. The software giant is still down about 30% from its 52-week high. Microsoft earnings are due late Tuesday.

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


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