Dow Jones Falls 200 Points Ahead of Key Inflation Data; Top 6 Stocks to Buy and Watch

Dow Jones Falls 200 Points Ahead of Key Inflation Data;  Top 6 Stocks to Buy and Watch
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Dow Jones futures rose ahead of the open on Tuesday after the Dow Jones Industrial Average snapped a two-day winning streak on Monday. Six top stocks to buy and watch include hot IPO stocks Mobileye (MBLY).


Early Tuesday, the Producer Price Index (PPI) will be released at 8:30 am ET. PPI is expected to rise 0.5% in October vs. The last month. And wholesale inflation is expected to rise 8.3% from a year earlier.

Third Quarter Earnings Season continues this week, with key reports coming from Dow Jones stocks cisco systems (CSCO), house deposit (High Definition) Y Walmart (WMT), With Applied Materials (AMAT), Kohl’s (KSS), Lowe’s (BASS), macy’s (METER), nvidia (NVDA), Palo Alto Networks (PANW) Y objective (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 Nasdaq Tech Composite was down 1.1%.

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

electric vehicle giant Tesla (TSLA) decreased 2.6% on Monday. Among dow jones stocks, Apple (AAPL) traded down 0.4% and Microsoft (MSFT) lost 2.25% in stock market today.

Among the top stocks to buy and watch, IBD classification table Values Arista Networks (A NETWORK), IBD SwingTrader Values general motors (GM), GlobalFoundries (GFS), Mobileye and Philips 66 (psx) – as well as the name Dow Jones Caterpillar (CAT) are among the top stocks to buy and watch.

Arista Networks is a IBD classification table tracking list stock and also showed up in the Stocks column near a buy zone from last week, along with three other top stock ideas. General Motors is a IBD SwingTrader Values. And Mobileye was featured last week leader of the IPO.

4 Top Growth Stocks to Buy and Watch in the Current stock market rally

Dow Jones Futures Today: Treasury Yields, Oil Prices

Before the opening bell on Tuesday, Dow Jones futures were up 0.6% versus 10%. fair value, while S&P 500 futures rose 1%. Tech-heavy Nasdaq 100 futures were up 1.5% versus fair value. Remember that the overnight action in Dow Jones Futures and elsewhere does not necessarily translate to actual trading in the next regular stock Exchange session.

The 10-year Treasury yield rose to 3.86% on Monday, recovering a small part of last week’s decline. Meanwhile, US oil prices fell more than 4% as West Texas Intermediate futures traded just above $85 a barrel.

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What to do in the stock market rally

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

At this time, it is important to be flexible. Despite recent gains, investors should remain cautious, limiting exposure to no more than 40%. Please wait for further confirmation of the continued strength before adding more exposure. Immediate distribution would be a signal to stay more defensive.

If your recent stock purchases continue to make progress, then you should feel more confident in the stock market’s rally. But sharp reversals and losing trades would of course be signals to keep more of your powder dry.

(Verify IBD Stock Lists As the IBD 50 Y Stocks near a buy zonefor more stock ideas).

Five Dow Jones Stocks to Buy and Watch Now

Dow Stocks to Watch: Caterpillar

Dow Jones member Caterpillar is trying to top 238 from a cup base point of purchase, according to IBD MarketSmith pattern recognition. Caterpillar shares were flat on Monday.

CAT shares boasts an impressive 97 out of a perfect 99 IBD composite score, according to the IBD stock check.

Top stocks to buy and watch: Arista, GM, GlobalFoundries, Mobileye, Phillips 66

IBD classification table Arista Networks shares attempted to break above a choppy base of 132.97 point of purchase amid Monday’s 2.1% rise. Stocks briefly topped the entry before closing just below.

car manufacturer and IBD SwingTrader General Motors stock gave up the 40.20 buying point of its cup handle during Monday’s 2.8% drop. If the stock takes entry again, the buying area reaches a high of 42.21.

Recent stock of IBD of the day GlobalFoundries is trading around 1% from a buying point of 66.06 at a base rate after Monday’s 0.4% rise.

IPO leader Mobileye surpassed the purchase point of 29.96 from an IPO base, according to IBD MarketSmith Pattern Recognition, but stocks reversed lower on Monday and are down again. The 5% chase zone would peak at 31.46.

Stock picks to watch from Monday’s IBD 50Phillips 66, is breaking past the 110.08 base of a mug with a handle point of purchase. Stocks broke on Friday but gave back some of those gains on Monday. The stock is in the 5% buy zone, rising to 115.58.

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

tesla shares

tesla shares declined 2.6% on Monday, snapping a two-day winning streak and erasing Friday’s gains.

The stock is more than 50% below its 52-week high and well below its 50- and 200-day moving average lines.

Dow Jones Leaders: Apple, Microsoft

Among dow jones stocksApple shares fell 0.4% on Monday but still remain above their recently recovered 50-day line. The stock is 20% below its 52-week high.

Microsoft fell 2% on Monday, giving back all of Friday’s gains. The stock stopped the session’s decline at the 50-day line. The software giant remains more than 30% off its 52-week high.

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


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