Dow falls 200 points ahead of key inflation data; 6 top stocks to buy and watch

Dow futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average snapped a two-day winning streak on Monday.Top 6 stocks to buy and watch including hot IPO stocks moving eye (MBLY).


Earlier Tuesday, the producer price index (PPI) will be released at 8:30 a.m. ET. The PPI is expected to rise 0.5% in October from the previous month. Wholesale inflation is expected to jump 8.3% from a year ago.

Third-quarter earnings season continues this week, with key reports coming from Dow Jones stock Cisco Systems (CSCO), The Home Depot (HD) and walmart (WMT) and Applied Materials (AMAT), Kohl’s (KSS), Lowe’s (low), Macy’s (male), Nvidia (Nvidia), Palo Alto Networks (PANW) and Target (TGT).

stock market today

On Monday, the Dow Jones Industrial Average fell 0.6%, or 211 points, and the S&P 500 lost 0.9%. The tech-heavy Nasdaq Composite fell 1.1%.

Among exchange-traded funds, Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 0.9% and the SPDR S&P 500 (SPY) fell 0.8%.

Electric car giant Tesla (TSLA) fell 2.6% on Monday. In Dow Jones stock, apple (AAPL) fell 0.4%, Microsoft (MSFT) fell 2.25% in stocks today.

Among the best stocks to buy and watch, IBD Leaderboard stocks Arista Network (ANET), IBD SwingTrader stock General Motors (General Motors), GlobalFoundries (GFS), Mobileye and Phillips 66 (PSX) — and the Dow Jones name caterpillar (CAT) — is one of the best stocks to buy and watch.

Arista Networks is a stock on the IBD Leaderboard Watchlist and was also featured in last week’s “Stocks Near the Buy Zone” column along with three other hot stock ideas. General Motors is an IBD SwingTrader stock. Mobileye was the featured IPO leader last week.

4 Fastest-Growing Stocks to Buy and Watch Right Nowrent stock market rebound

Dow Jones futures today: Treasury yields, oil prices

Dow Jones futures were up 0.3% ahead of Tuesday’s open, up from 0.3%. fair value, while S&P 500 futures rose 0.4%. Futures on the tech-heavy Nasdaq 100 rose 0.5%, up from 0.5%. Fair value. Remember, overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

The 10-year U.S. Treasury yield edged up to 3.86% on Monday, recovering a fraction of last week’s slump. Meanwhile, U.S. oil prices fell more than 4 percent as West Texas Intermediate crude futures traded just above $85 a barrel.

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What to do in a stock market rally

Now is a great time to read IBD’s big picture column after the stock market trend changed from a “pressurized uptrend” to a “confirmed uptrend.”

At this time, flexibility is very important. Despite the recent gains, investors should remain cautious and limit exposure to no more than 40%. Waiting for more confirmation of sustained intensity before adding more exposures. Immediate distribution would be a sign of remaining more defensive.

If your recent stock purchases continue to make progress, you should feel more confident in the stock market rally. But sharp reversals and losing trades are certainly signs of keeping your powder dry.

(Check out a list of IBD stocks such as the IBD 50 and stocks near the A Buy Zone for more stock recommendations.)

Five Dow Jones Stocks to Buy and Watch Now

Dow Jones Stocks to Watch: Caterpillar

Dow Jones member Caterpillar is trying to break the 238 buy point at the cup base, According to IBD MarketSmith pattern recognition. Caterpillar shares were flat on Monday.

According to the IBD Stock Check, CAT stock has an impressive 97, while the IBD Composite Rating is 99.

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

IBD leaderboard stock Arista Networks was trying to break out of a volatile base 132.97 buy point after gaining 2.1% on Monday. The stock briefly surpassed the entry before closing below it.

Automaker and IBD SwingTrader stock General Motors gave up its 40.20 buy point as it fell 2.8% on Monday. If the stock re-enters the market, the buying area is high at 42.21.

Following Monday’s 0.4% gain, GlobalFoundries’ IBD stock has recently traded about 1% from the cup base’s 66.06 buy point.

IPO bellwether Mobileye breaks 29.96 buy point from IPO base According to IBD MarketSmith pattern recognition, but the stock price reversed lower on Monday and returned to the bottom. The 5% chase zone will peak at 31.46.

Monday’s IBD 50 Stocks To Watch pick, Phillips 66, is breaking out of a cup-handle base’s 110.08 buy point. Shares exploded on Friday, but gave up some of their gains on Monday. The stock is in the 5% buy zone, rising to 115.58.

Analyze the leading stocks in the current stock market rally with an IBD expert on IBD Live

Tesla stock

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

Shares are down more than 50% from their 52-week highs and well below their 50- and 200-day moving averages.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares fell 0.4% on Monday, but remained above the recently recovered 50-day line. The stock is down about 20% from its 52-week high.

Microsoft fell 2% on Monday, giving back all of Friday’s gains. The stock halted the day’s losses at the 50-day line. The software giant is still down more than 30% from its 52-week high.

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

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