Dow Jones futures were higher precocious Monday aft the banal marketplace rally saw Tesla banal surge to all-time highs to deed the $1 trillion milestone. The Former President Donald Trump SPAC dived. And Facebook net topped estimates aft the close.
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On Monday, the Dow Jones Industrial Average moved up 0.2%. The S&P 500 roseate 0.5%, portion the Nasdaq led the way, rising 0.9%.
Among the Dow Jones leaders, Apple (AAPL) fell little than 0.1% successful today's banal market, portion American Express (AXP), Goldman Sachs (GS) and JPMorgan Chase (JPM) eyed new bargain points successful the existent rally.
Tesla (TSLA) surged astir 13% Monday to deed much grounds highs.
Among companies reporting earnings, Facebook (FB) bushed net targets precocious Monday, while Advanced Micro Devices (AMD) and Microsoft (MSFT) volition study aft the adjacent Tuesday.
Among the apical stocks to bargain and watch, Cleveland-Cliffs (CLF), Nvidia (NVDA) and Olaplex (OLPX) are successful oregon adjacent caller bargain zones.
Microsoft, Olaplex and Tesla are IBD Leaderboard stocks. Nvidia was featured successful this week's Stocks Near A Buy Zone story, portion Cleveland-Cliffs was Friday's IBD Stock Of The Day.
Dow Jones Futures Today
After the banal marketplace adjacent Monday, Dow Jones futures roseate 0.2% vs. just value, portion S&P 500 futures rallied 0.3%. Nasdaq 100 futures gained 0.5% vs. just value. Remember that trading successful Dow Jones futures and elsewhere doesn't needfully construe into existent trading successful the adjacent regular stock market session.
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 35743.78 | +66.76 | +0.19 |
| S&P 500 | (0S&P5) | 4566.92 | +22.02 | +0.48 |
| Nasdaq | (0NDQC ) | 15226.71 | +136.51 | +0.90 |
| Russell 2000 | (IWM) | 229.65 | +2.24 | +0.99 |
| IBD 50 | (FFTY) | 50.19 | +0.80 | +1.62 |
Last Update: 4:42 PM ET 10/25/2021 |
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Among exchange traded funds, Innovator IBD 50 (FFTY) moved up 1.55% Monday. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 1%. And the SPDR S&P 500 ETF (SPY) ascended 0.5%.
Stock Market Rally
The banal marketplace rally strengthened Monday, arsenic the Dow 30 and S&P 500 notched all-time highs, portion the Nasdaq recovered from Friday's mean loss.
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For regular banal marketplace commentary, beryllium definite to cheque retired IBD's The Big Picture.
On Friday, The Big Picture commented, "The Nasdaq and S&P 500 made it 3 consecutive play gains. In the past week, the Nasdaq added 1.3% and the S&P 500 roseate astir 1.7%. For the period of October, the Nasdaq is up 4.4% and the S&P 500 up 5.5%. Friday's organisation time was a stumble for the banal market, but thing to propulsion it disconnected its caller uptrend."
Five Best Dow Jones Stocks To Watch Now
Dow Jones Stocks To Buy And Watch: Amex, Goldman, JPMorgan
American Express ended Monday successful the 5% bargain country supra a 178.90 bargain constituent successful a cup with handle, according to IBD MarketSmith illustration analysis. Shares mislaid 2.55% Monday.
Goldman Sachs is wrong striking region of a 420.86 bargain constituent successful a level basal pursuing Monday's 0.1% rise. Meanwhile, JPMorgan remains astatine the apical of the 5% bargain portion past a 163.93 introduction successful a cupful with grip amid a caller bounce disconnected the 50-day moving average. The 5% bargain country tops retired astatine 172.13. JPM banal was down 0.5% Monday.
American Express and Goldman Sachs some person beardown relative spot lines. A beardown comparative spot enactment astatine the commencement of a caller uptrend is indicative of a imaginable marketplace leader.
Dow Jones Earnings: Microsoft
Software elephantine Microsoft fell 0.3% up of Tuesday's net results. Shares stay successful bargain scope supra its latest bargain point. The flat base had a 305.94 bargain constituent and the 5% bargain portion tops retired astatine 321.24.
The bluish spot volition study net precocious Tuesday. Analysts expect the institution to gain $2.08 per stock connected gross of astir $44 billion.
Facebook Earnings
Late Monday, societal media elephantine Facebook reported its quarterly net results. The institution earned $3.22 per stock connected income of $29 billion, topping net forecasts but missing top-line estimates. Facebook shares gained astir 1.5% successful extended trade.
On Friday, Facebook shares tumbled much than 5% successful the aftermath of disappointing gross and guidance from rival Snap (SNAP). Facebook banal is investigating its semipermanent 200-day moving average. Shares reversed from aboriginal losses to rally 1.3% Monday, ending the league conscionable supra its semipermanent 200-day line.
Stocks To Buy And Watch: AMD, Cleveland-Cliffs, Nvidia, Olaplex
Advanced Micro Devices broke retired past a 114.59 bargain constituent retired of a double-bottom basal past week — according to IBD MarketSmith illustration investigation — and is present extended pursuing Monday's 2.1% rise. Earnings are owed retired Tuesday aft the close.
According to IBD Stock Checkup, AMD boasts a cleanable 99 IBD Composite Rating. The IBD Composite Rating identifies stocks with a blend of beardown cardinal and method characteristics.
Friday's IBD Stock Of The Day, Cleveland-Cliffs, is rapidly nearing a 26.61 bargain constituent successful a cupful basal amid Monday's 6.6% climb. Meanwhile, the banal triggered a caller introduction during Friday's crisp determination backmost supra its 50-day moving average. Per Stock Of The Day analysis, "The high-volume determination past its 50-day line, on with a interruption supra the downsloping inclination enactment from CLF stock's Aug. 13 intraday precocious of 26.51, offered investors an aboriginal introduction point."
IBD SwingTrader banal Nvidia is trying to interruption retired past a cup-base's 230.53 buy point for a 2nd consecutive session. NVDA shares concisely topped the introduction Friday earlier closing beneath it. The banal rallied astir 2% Monday, closing conscionable supra the bargain point. Positively, the stock's relative spot line is adjacent caller highs, reaffirming the stock's enactment status.
IBD Leaderboard banal Olaplex closed Monday successful the 5% bargain area past an IPO basal introduction astatine 27.84. Shares reversed astir 3% little Monday, but stay supra the entry. The bargain country tops retired astatine 29.23. Per Leaderboard analysis, it besides cleared an assertive trendline introduction adjacent 27.
Donald Trump SPAC Dives
Digital World Acquisition — a special-purpose acquisition company, oregon SPAC, merging with Trump Media & Technology Group — dived 11% Monday, reversing little and giving backmost a portion of Friday's 107% surge. DWAC banal rallied astir 4% successful extended trade. Last week, erstwhile President Trump announced plans to motorboat a societal media institution named Truth Social. There volition besides beryllium a subscription-based video-on-demand work to beryllium called TMTG+.
A SPAC, besides known arsenic a blank-check company, is an alternate to a accepted archetypal nationalist offering. These blank-check companies person nary assets beyond cash. They commercialized connected banal exchanges and past merge with backstage companies, taking those companies public.
Tesla Stock
Tesla banal surged 12.7% Monday, hitting a $1 trillion valuation aft car rental elephantine Hertz ordered 100,000 Tesla vehicles for its fleet. Meanwhile, Morgan Stanley boosted its terms people connected Tesla from 900 to 1,200, citing higher measurement expectations aft the company's third-quarter report.
On Sunday, Tesla Chief Executive Elon Musk tweeted that the company's afloat self-driving software, FSD Beta 10.3, was "seeing immoderate issues," truthful the institution was rolling backmost to Beta 10.2. But past aboriginal Monday, helium tweeted that FSD Beta 10.3.1 was "rolling retired now."
The banal deed caller highs Monday, trading arsenic precocious arsenic 1,045.02. TSLA shares are sharply supra a 764.55 bargain constituent successful a cup with handle, arsenic good arsenic earlier entries astatine 700.10 and 730.
Dow Jones Leaders: Apple
Among the apical Dow Jones stocks, Apple fell 0.1%, adding to Friday's 0.5% loss.
A caller cupful basal is forming that has a 157.36 bargain point, according to IBD MarketSmith illustration analysis. Be connected the lookout for a imaginable grip to connection a much risk-optimal entry.
Be definite to travel Scott Lehtonen connected Twitter astatine @IBD_SLehtonen for much connected maturation stocks and the Dow Jones Industrial Average.
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