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Dow Jones Rises Ahead Of Earnings Season; Tesla Stock Surges

Dow Jones Rises Ahead Of Earnings Season; Tesla Stock Surges

The Dow Jones Industrial Average rose Monday, looking to add to Friday’s powerful stock market gains. December-quarter earnings season kicks off this week, with highly anticipated results from Dow Jones members JPMorgan Chase (JPM) and UnitedHealth Group (UNH). And Tesla (TSLA) stock continued to bounce after hitting a new low Friday.




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Global markets and oil prices received a boost after positive recovery comments from a People’s Bank of China official on Sunday. That helped send Tesla and a number of China-based stocks, as well as chip stocks including ASML Holding (ASML) and Nvidia (NVDA) to the top of the Nasdaq 100 in early trade.

Companies reporting earnings Monday morning include Acuity Brands (AYI) and Commercial Metals (CMC). Acuity Brands was up 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} after posting better-than-expected results for its fiscal first quarter. And Commercial Metals shares rose nearly 3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} after strong results. Lastly, Lululemon Athletica (LULU) plunged 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} after it warned its fourth-quarter gross margin would come in lower than expected.

Other companies reporting later this week include Jefferies (JEF), KB Home (KBH), Taiwan Semiconductor Manufacturing (TSM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC).

Dow Jones stock Visa (V) and Mastercard (MA) were both upgraded to overweight ratings at KeyBanc. Visa shares climbed 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while MA stock moved up 0.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

Electric-vehicle leader Tesla rallied more than 8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday. Dow Jones tech giants Apple (AAPL) and Microsoft (MSFT) were both squarely higher after today’s stock market open.

Cardinal Health (CAH), Deere (DE), Medpace (MEDP) and IBD Leaderboard stock Neurocrine Biosciences (NBIX) — as well as Dow Jones names Caterpillar (CAT), Chevron (CVX) and Walmart (WMT) — are among the top stocks to buy and watch with the market back in rally mode.

Neurocrine is an IBD Leaderboard stock. Caterpillar and Medpace were recent IBD Stock Of The Day companies. And Cardinal Health was featured in a recent Stocks Near A Buy Zone column.

IBD’s latest newsletter MarketDiem gives you actionable ideas for stocks, options and crypto right in your inbox

Dow Jones Today: Oil Prices, Treasury Yields

After Monday’s opening bell, the Dow Jones Industrial Average rose 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, and the S&P 500 gained 0.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. And the tech-heavy Nasdaq composite rose 1.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in morning action.

Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and the SPDR S&P 500 ETF (SPY) traded up 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} early Monday.

The 10-year Treasury yield ticked higher to 3.58{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning, looking to rebound from last week’s sharp losses. Big losses Friday were sparked by the December jobs report.

Meanwhile, oil prices rebounded Monday morning following last week’s slide. West Texas Intermediate futures rose more than 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, trading around $76 a barrel.

Stock Market Rally

On Friday, the Dow Jones Industrial Average advanced 2.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, and the S&P 500 jumped 2.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. The Nasdaq composite surged 2.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

Friday’s The Big Picture column commented, “The positive action in high volume has caused the IBD market outlook to switch to “market in confirmed uptrend.” Nevertheless, it is still an uncertain environment, and exposure should be increased in a measured fashion. Investors should stick to 20{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to 40{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} exposure for now.”

Five Dow Jones Stocks To Buy And Watch Now

Dow Jones Stocks To Buy And Watch: Caterpillar, Chevron, Walmart

Dow Jones member Caterpillar closed squarely in buy range above a flat base’s 239.95 buy point following Friday’s 3.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} advance, according to IBD MarketSmith pattern recognition. The buy zone goes up to 251.95. Bullishly, the stock’s relative strength line, a key technical indicator, is at new highs. Shares were up 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

CAT stock shows a strong 98 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. The Composite Rating is designed to help investors easily find top growth stocks.

Energy giant Chevron is trying to retake its 50-day line, as it continues to build a cup base that has a 189.78 buy point. CVX shares rose 0.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning, climbing with oil prices.

Discount retailer Walmart bullishly reclaimed its 50-day line during Friday’s 2.45{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} jump. Shares are building a cup with handle that has a 154.74 buy point and are about 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} away from the latest entry. Walmart shares fell 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning.

4 Top Growth Stocks To Buy And Watch In The New Stock Market Rally

Top Stocks To Buy And Watch: Cardinal Health, Deere, Medpace, Neurocrine

Cardinal Health, a recent IBD Stock Of The Day, rallied 2.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday, regaining its 50-day line. CAH stock was down 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Another recent IBD Stock Of The Day, Deere, is building a flat base with a 448.50 buy point. Shares are approaching their latest buy point after moving back above the 50-day line during Friday’s 2.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} rise. DE stock traded up 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning.

Medpace continues to consolidate below its 50-day line. For now, the correct buy point stays at 235.82, but an earlier entry at 220.09 is also in play. MEDP stock was up 1.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday.

IBD Leaderboard stock Neurocrine Biosciences is rebounding from support at its 50-day line. A new flat base shows a buy point at 129.39, with an early entry at 122.93. NBIX stock was down 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

Stocks To Buy And Watch In New Stock Market Rally

These are six top stocks to watch in today’s stock market, including three Dow Jones leaders.

Company Name Symbol Correct Buy Point Type Of Base
Cardinal Health (CAH) 81.67 Flat base
Deere (DE) 448.50 Flat base
Neurocrine Biosciences (NBIX) 129.39 Flat base
Caterpillar (CAT) 239.95 Flat base
Chevron (CVX) 189.78 Cup base
Walmart (WMT) 154.74 Cup with handle
Source: IBD Data As Of Jan. 9, 2023

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

Tesla Stock

Tesla stock reversed from big losses Friday, ending the session up 2.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. On Friday, shares hit a 52-week low at 101.81, closing about 71{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their 52-week high.

Shares looked to add to Friday’s gains, rising 8.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares rebounded 3.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday. Last week, the stock hit a new 52-week low price of 124.17. The stock remains around 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high. Shares rose 1.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning.

Microsoft stock rallied 1.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday, snapping a four-day losing streak. The software giant is about 31{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high and is still just off its 52-week low of 213.43, reached on Nov. 4. MSFT stock moved 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} higher early Monday.

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

YOU MAY ALSO LIKE:

Top Growth Stocks To Buy And Watch

Learn How To Time The Market With IBD’s ETF Market Strategy

Find The Best Long-Term Investments With IBD Long-Term Leaders

MarketSmith: Research, Charts, Data And Coaching All In One Place

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

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Dow Jones Falls 275 Points; Tesla Stock Skids To End Historic 2022

Dow Jones Falls 275 Points; Tesla Stock Skids To End Historic 2022

The Dow Jones Industrial Average fell 275 points Friday morning at the start of the final trading session of 2022. Tesla stock reversed from early losses in morning trade, set to finish with its worst yearly performance on record, crashing more than 65{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.




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Electric-vehicle leader Tesla (TSLA) rose nearly 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday. Dow Jones tech giants Apple (AAPL) and Microsoft (MSFT) traded lower after today’s stock market open.

Cardinal Health (CAH), Medpace (MEDP), IBD Leaderboard stock Tenaris (TS) and Texas Roadhouse (TXRH) — as well as Dow Jones names Amgen (AMGN), Caterpillar (CAT) and Chevron (CVX) — are among the top stocks to consider for investor watchlists. Keep in mind the ongoing market weakness should keep investors on the sidelines.

Tenaris is an IBD Leaderboard stock. Caterpillar and Medpace were recent IBD Stock Of The Day companies. And Cardinal Health is featured in this week’s Stocks Near A Buy Zone column.

IBD’s latest newsletter MarketDiem gives you actionable ideas for stocks, options and crypto right in your inbox

Dow Jones Today: Oil Prices, Treasury Yields

After Friday’s opening bell, the Dow Jones Industrial Average moved down 0.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while the S&P 500 lost 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. The tech-heavy Nasdaq composite dropped 1.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in morning action.

Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and the SPDR S&P 500 ETF (SPY) moved down 0.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} early Friday.

The 10-year Treasury yield rose to 3.84{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday morning, with the yield on pace to rise sharply for a second straight week.

Meanwhile, U.S. oil prices traded less than 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} lower Friday, as West Texas Intermediate futures traded down about 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} on the week, near $78 a barrel, following a two-week advance.

Stock Market Correction

On Thursday, the Dow Jones Industrial Average rallied more than 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and the S&P 500 rose nearly 1.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. The Nasdaq and small-cap Russell 2000 both advanced 2.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} each. Through Thursday’s close, the Nasdaq declined 33{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year to date, its worst annual performance since 2008. The Dow Jones industrials and S&P 500 are set to post 2022 losses of 8.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and 19.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, respectively.

Thursday’s The Big Picture column commented, “Despite Thursday’s gains, IBD’s stock market outlook remains at ‘market in correction’ due to the amount of weakness in recent weeks. That means investors should primarily be on the sidelines in preparation for a new confirmed uptrend. Thursday was Day 1 of a new rally attempt, so a potential follow-through day could occur as soon as next week (Day 4 or later of the rally attempt).”

Five Dow Jones Stocks To Watch Now

Dow Jones Stocks To Watch: Amgen, Caterpillar, Chevron

Drugmaker Amgen continues to trace a flat base amid a potential four-week losing streak. Shares ended a four-day losing streak with a 0.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} rise Thursday, but are still below their 50-day line. For now, the correct buy point is 296.77, but the stock needs to decisively retake its 50-day first. AMGN stock is up more than 16{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} for the year through Thursday. Shares traded up 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday.

Dow Jones member Caterpillar finished back above a 239.95 buy point in a flat base Thursday, according to IBD MarketSmith pattern recognition. The buy zone goes up to 251.95. Bullishly, the stock’s relative strength line, a key technical indicator, is at new highs. CAT stock has a year-to-date gain of just over 16{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and is one of the top-performing Dow Jones stocks this year. Shares inched lower Friday.

CAT stock shows a strong 98 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. The Composite Rating is designed to help investors easily find top growth stocks.

Energy giant Chevron is trying to again clear its 50-day line amid Thursday’s 0.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain, as the stock continues to trace the right side of a flat base that has a 189.78 buy point. CVX stock is the Dow’s year-to-date leader, up 52{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Shares were down 0.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday morning.

4 Top Growth Stocks To Watch In The Current Stock Market Correction

Top Stocks To Watch: Cardinal Health, Medpace, Texas Roadhouse

Cardinal Health, a recent IBD Stock Of The Day, is holding close to a 81.67 buy point in a flat base. Shares declined 1.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Thursday. CAH stock was down 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday.

Medpace continues to rebound from its 50-day line, rallying more than 3.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Thursday. For now, the correct buy point looms at 235.82, but an earlier entry at 220.09 is also in play. MEDP stock was down 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday.

Texas Roadhouse shows a new buy point at 101.85 in a flat base, but is now consolidating below its 50-day line. The restaurant leader will look to recover that key benchmark over the coming sessions, but the stock is at its recent lows. TXRH stock traded down 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday morning.

IBD Leaderboard stock Tenaris is trying to break out past a 35.15 flat-base entry. Shares rose 1.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Thursday to retake the entry. The RS line hit a new high this week. TS stock fell 1.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday morning. Keep in mind the weak stock market outlook means investors should avoid new stock buys.

Stocks To Watch

These are six top stocks to watch in today’s stock market, including three Dow Jones leaders.

Company Name Symbol Correct Buy Point Type Of Base
Cardinal Health (CAH) 81.67 Flat base
Tenaris (TS) 35.15 Flat base
Texas Roadhouse (TXRH) 101.85 Flat base
Caterpillar (CAT) 239.95 Flat base
Chevron (CVX) 189.78 Flat base
Amgen (AMGN) 296.77 Flat base
Source: IBD Data As Of Dec. 28, 2022

Join IBD experts as they analyze leading stocks in the current stock market correction on IBD Live

Tesla Stock

Tesla stock extended its rebound Thursday, surging more than 8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Shares hit a 52-week low this week at 108.76. And they closed about 70{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their 52-week high.

Shares looked to to their recent rebound, rising nearly 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} after reversing from early losses Friday morning.

TSLA stock is set to finish 2022 with its worst annual performance on record, losing more than $700 billion in market valuation amid investor concerns about production disruptions, demand worries and Chief Executive Elon Musk’s focus on Twitter (TWTR). Tesla stock is down more than 65{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} this year.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares jumped 2.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, ending a four-day losing streak and rebounding from their lowest level since June 2021. The stock is around 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high and down 27{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} since the start of the year. Shares lost 0.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday morning.

Microsoft stock rallied 2.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Thursday, but is still below the 50-day line. The software giant is about 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high with a year-to-date loss of more than 28{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. MSFT stock moved down 0.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} early Friday.

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

YOU MAY ALSO LIKE:

Top Growth Stocks To Buy And Watch

Learn How To Time The Market With IBD’s ETF Market Strategy

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Vogue’s Forces of Fashion Lineup Announced, Featuring Kim Jones, Christopher John Rogers, Iman, Gigi Hadid, and More

Vogue’s Forces of Fashion Lineup Announced, Featuring Kim Jones, Christopher John Rogers, Iman, Gigi Hadid, and More

Vogue’s Forces of Fashion convention returns this 12 months with an in-individual party in New York, having put on October 14. Offered the tumultuous and typically ground-breaking situations that have taken area in the past few decades, the meeting will be centered on checking out the foreseeable future of trend, specially as it relates to topics of sustainability, diversity, social obligation, and higher illustration of all types of teams within the sector. 

The full line-up for the New York meeting was revealed currently (other conferences are also prepared for Mexico Town on October 13, and London, also on Oct 14). Anna Wintour, chief material officer, Condé Nast and global editorial director, Vogue will kick off the occasion with opening remarks. Chloe Malle, a Vogue contributing editor, will be the host for the working day and information contributors through a day of exciting discussions with some of fashion’s most influential people today. As an included bonus, attendees will have the prospect to satisfy this year’s CFDA/Vogue Vogue Fund class of finalists.

Kim Jones, the artistic director of couture and womenswear at Fendi, as properly as Dior Men’s inventive director for all set-to-don and accessories, will sit down with Nicole Phelps, the international director of Vogue Runway and Vogue Business, to talk about how he’s equipped to continue to be inventive and juggle all his tasks even though however obtaining time to stay plugged in to up to date tradition and cook dinner up some of the coolest collaborations. Also in attendance will be Daniel Roseberry, Schiaparelli’s creative director, who will sit down with World of Interiors editor in chief, and worldwide editor at big at American Vogue, Hamish Bowles, to speak about how Roseberry’s Texas upbringing has manifested in the opulent types he creates at his Paris atelier, which have taken the world—and in particular the pink carpet—by storm, as very well as how he is updating couture for the 21st century. And speaking of getting the pink carpet by storm, the designer Christopher John Rogers, known for his beautiful use of coloration and volume, will be in conversation with Vogue Runway’s personal José Criales-Unzueta, who just so occurred to be his classmate at the Savannah School of Artwork and Style and design. The two will be talking about what it will take to make it in style currently, but there is bound to be a couple of exciting tales about the designer ahead of he was simply just recognised to the earth as CJR.

In the meantime, the actress and founder of the perfumery Henry Rose, Michelle Pfeiffer will be in dialogue with the manner designer Stella McCartney, and Vogue’s global community lead, magnificence and wellness director Celia Ellenberg, about constructing a beauty brand with intention and  mindfulness. One more inspiring conversation will choose position among the product and land protector Quannah Chasinghorse, and Xiye Bastida, a weather justice activist and cofounder of Re-Earth Initiative, who will focus on how they use their platforms to raise consciousness and concretely result transform in the environment. Iman, the supermodel, entrepreneur, and philanthropist will be in dialogue with Aurora James, founder of Brother Vellies and The Fifteen {cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Pledge about holding the business to account and what significant representation can, and should really, seem like. 

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Dow Jones Rallies As Tesla Surges 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} On Deliveries; Chinese EV Stocks Mixed

The Dow Jones Industrial Average briefly rallied 125 points Monday, as the stock market rally looked to kick off 2022 on a positive note. Tesla stock surged 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} on blowout deliveries. Chinese EV leaders Li Auto, Nio and Xpeng Motors also reported strong deliveries over the weekend.




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Among the Dow Jones leaders, Apple (AAPL) rose 1.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, while Microsoft (MSFT) moved down 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in today’s stock market. Also among the Dow 30, Home Depot (HD) continues to rebound from support, while Nike (NKE) aimed to retake a key level.

Electric-vehicle leader Tesla (TSLA) traded up 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday. Its rival, Rivian (RIVN), was down over 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Lucid Group (LCID) climbed around 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. And Chinese EV leaders Li Auto (LI), Nio (NIO) and Xpeng Motors (XPEV) were sharply mixed Monday morning after their December sales reports over the weekend.

Among Monday’s top stocks to buy and watch, Applied Materials (AMAT), Datadog (DDOG), Fortinet (FTNT), Huntsman (HUN) and Icon (ICLR) are in or near new buy zones.

Icon, Microsoft and Tesla are IBD Leaderboard stocks. Datadog is an IPO Leader. Fortinet was featured in last week’s Stocks Near A Buy Zone column. Applied Materials is an IBD SwingTrader stocks. Huntsman was Wednesday’s IBD Stock Of The Day.

Dow Jones Today

After the stock market open Monday, the Dow Jones Industrial Average rose 0.15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while S&P 500 moved up 0.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. The Nasdaq rose 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in morning trade.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, while the SPDR S&P 500 ETF (SPY) traded up 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Chip stocks were strong performers Monday morning, and the iShares Semiconductor ETF (SOXX) rose 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Chip giant Taiwan Semiconductor (TSM) rose about 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Elsewhere, the 10-year Treasury yield ticked up to near 1.59{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning, following a fall to near 1.51{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday.

Benchmarks in Frankfurt and Paris rose more than 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} near midday in light, post-holiday trade. Markets in London, Tokyo and Shanghai remained closed on holiday.

Stock Market ETF Strategy And How To Invest

Stock Market Rally

The stock market closed out 2021 with mild, weak action on Friday. That extended the tech-heavy Nasdaq composite’s losing streak to four sessions. The Dow Jones Industrial Average and S&P 500 fell for a second straight day.

Despite the weakness, the market outlook remains in a “confirmed uptrend.” This gives investors a green light to buy top-rated growth stocks breaking out past correct buy points.

Friday’s The Big Picture commented: “Investors should show prudence going into the new year, but there is reason for optimism. History shows that when the S&P 500 gains 20{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} or more in a calendar year it averages a gain of 7.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} the next, according to Dow Jones market data. In addition, the median return in the following year is a gain of 10.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.”

For daily stock market commentary, check out IBD’s The Big Picture.

IBD’s 2022 Stock Market Forecast

Dow Jones Stocks To Watch: Home Depot, Nike

Home Depot stock advanced 1.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday, nearing a record high. Home Depot was the No.1 Dow Jones performer in 2021, up 56.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} for the year. (The No. 2 Dow Jones stock was Microsoft with a 51.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} advance.) HD shares were up 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Dow Jones retail leader Nike is tracing a new flat base that has a buy point at 179.20, according to IBD MarketSmith chart analysis. Shares fell further below their 50-day line during Friday’s 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} decline, as they fight to decisively move above that resistance. Nike shares gained 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Four Top Growth Stocks To Watch In The Current Stock Market Rally

Stocks To Buy And Watch: Applied Materials, Datadog, Fortinet

IBD SwingTrader stock Applied Materials retreated back below a 159.10 buy point in a flat base during Friday’s 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss. The initial breakout occurred in weak volume, but remains in play. Look for a volume increase of at least 40{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} if and when the stock retakes its buy point.  The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area runs up to 167.06. Applied shares were up 1.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

IPO Leader Datadog is approaching a cup base’s 199.78 buy point. Meanwhile, resistance around the 186 price level could provide an early entry for aggressive investors. Shares lost 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday, as they pull back to their key 50-day moving average. DDOG shares gained 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Cybersecurity leader Fortinet remains in the 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area above a 355.45 buy point in a consolidation despite Friday’s 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss. The buy area tops out at 373.22. Bullishly, the stock’s relative strength line hit a new high on the breakout day, confirming the stock as a market leader. The RS line measures a stock’s price performance vs. the S&P 500. Fortinet shares were up 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

IBD Leaderboard stock Icon is still in buy range past a 301.82 buy point in a consolidation, according to IBD MarketSmith chart analysis, in the wake of the Dec. 22 breakout move. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area runs to 316.91. Per Leaderboard commentary, Icon also cleared resistance around 290, which served as an early entry. The stock was up 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} early Monday.

Wednesday’s IBD Stock Of The Day, Huntsman, remains in buy range past a 34.57 flat-base entry following Friday’s 0.35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy range goes up to 36.30. HUN stock shows an 89 out of a perfect 99 IBD Composite Rating, according to the IBD Stock Checkup. Huntsman stock rose 1.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

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

EV Stocks: Li Auto, Nio, Xpeng, Lucid Motors, Rivian

Over the weekend, Chinese EV leaders Li Auto, Nio and Xpeng Motors reported their December deliveries.

Li Auto delivered 14,087 Li One hybrid SUVs in December, up 130{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year over year. Q4 deliveries reached 35,221, above its 30,000-32,000 target and Q3’s 25,116. The stock dropped nearly 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

LI stock continues to work on a new base, after triggering the 7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}-8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss-cutting sell rule below a cup-with-handle base’s 34.93 buy point in early December. Shares surged above their 50-day moving average last week, which is bullish price action as the stock looks to build the right side of a new base.

Nio delivered 10,489 vehicles, up 49.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year over year, but down slightly from November’s 10,878. NIO stock rose about 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday. Shares closed Friday about 53{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their 52-week high and sharply below their 50- and 200-day moving averages.

Xpeng deliveries surged 181{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to 16,000 vehicles last month, a new record after November’s 15,613. Shares moved down over 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

XPEV stock activated a round-trip sell signal from a 48.08 buy point during early December’s sharp sell-off. Xpeng shares surpassed resistance around the key 50-day moving average Thursday, jumping 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. There is no valid buy point yet, but Thursday’s action was a step in the right direction.

Among U.S.-based EV stocks, Lucid Motors shares climbed around 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, looking to recover from Friday’s 1.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} decline. LCID stock remains extended past a 28.49 buy point in a cup-with-handle base, but huge gains have faded. Shares are setting up for another try to retake the 50-day line, which would be a positive for the stock’s consolidation.

Recent initial public offering Rivian was down over 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, on pace to add to Friday’s 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain. RIVN shares closed Friday about 42{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their post-IPO highs. Continue to wait for an IPO base to form before considering a purchase. Recent sharp losses are a significant setback in the stock’s basing process and there is no new buy point in sight.

Five Best Dow Jones Stocks To Watch Now

Tesla Stock

Tesla stock surged 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, looking to snap a four-day losing streak. On Sunday, Tesla deliveries totaled 308,600 deliveries in Q4. That included 296,850 Model 3 and Y vehicles and 11,750 Model S and X luxury EVs. For the full year, Tesla said annual vehicle deliveries surged 97{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in 2021, delivering 936,172 vehicles.

Early Monday, Tesla shares rose above 1,119.10 buy point. The buy point is based on a combination of factors — the stock is rebounding from 50-day support and cutting back above a downward sloping trendline. The 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area will top out at 1,162.46.

There is also an alternative buy point, based on a short handle, at 1,119.10. That buy zone extends to 1,175,06.

Shares traded as high as 1,243.49 on Nov. 4, but the stock ended Friday about 15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple stock ended Friday down 0.35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, but remains about 16{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} above a 153.27 buy point out of a cup-with-handle base, according to IBD MarketSmith chart analysis, and close to the 20{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}-25{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} profit-taking level. AAPL shares rose 1.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Software leader Microsoft decisively regained its 50-day line in recent weeks, as the top Dow Jones stock approaches a flat base’s 349.77 buy point with an early entry at 343.89. Shares moved down 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, adding to Friday’s 0.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} decline.

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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Is Julio Jones playing today vs. the Dolphins? Latest fantasy news on Titans WR

Julio Jones’ position has been in question this week after he was placed on the reserve/COVID-19 listing six days back. What is his status ahead of the Titans activity in opposition to the Miami Dolphins in 7 days 17? Will Jones be offered for fantasy soccer administrators?

Will Julio Jones engage in today against Miami?

On Saturday, the Titans announced that they activated Bud Dupree, Denico Autry, and Buster Skrine from the COVID record. But Jones remained on the COVID checklist, and as a result, will not be cleared to engage in now. He is officially out.

The Titans have struggled to continue to keep their offensive weapons on the field collectively this yr, and the time has not pretty worked out the way they hoped. When Derrick Henry, A.J. Brown, and Jones are all nutritious and on the field, Tennessee has 1 of the most hazardous offenses in football.

Regrettably, the Titans haven’t been ready to enjoy that trio much this time. The 3 stars have played together in only five game titles, of which Tennessee gained four.

Tennessee will have to count greatly on Brown all over again these days if they want to pull out a earn from Miami.

How has Julio Jones performed so much as a Titan?

It was often going to be an adjustment for 33-calendar year-old Julio this period. He is enjoying for a workforce other than the Atlanta Falcons for the very first time in his occupation. Jones has been a prolific talent considering the fact that he arrived into the league. He promptly notched around 1,000 yards as a rookie and has continued to strike the 1,000-lawn marker in all but 3 seasons of his 11-12 months vocation.

This 12 months, amidst lacking game titles and changing to a new staff, Julio will publish his lowest normal-period acquiring whole considering that turning professional. Jones has performed in 9 online games and will miss yet another now.

Highlighted Story
Sunday Night time NFL DFS Picks: Top lineup involves Aaron Jones, AJ Dillon, and Davante Adams

He’s still to find the close zone so considerably this year. Jones has posted very low landing totals in the earlier, but he’s never ever gone scoreless in a period. He did have only three scores in 2020.

Jones totally nonetheless has talent. In Week 2, he generated 128 yards on 6 receptions for the Titans. He’s nevertheless an fantastic asset — he’s just experienced a tough time remaining on the discipline.

Julio Jones’ fantasy outlook

Julio wasn’t a ideal fantasy wide receiver heading into the year. He’s having a small more mature, moved to a new team, and was heading to have to share touches with Henry and Brown. But Jones’ generation has been even reduced than envisioned.

Injuries and COVID protocols that have price him 7 video games so far won’t help his data, as Julio has been qualified much less occasions in 2021 than at any time in his job. His 38 targets mark the least expensive of his vocation. His earlier minimal was 57 in 2013 when he fractured his foot in Week 5.

Julio has hit 10 points in fantasy this period just once this year (in Week 2). He’s also not played in more than 50{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the Titans’ snaps in his last three online games. He’s not a viable starter in fantasy proper now.

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Dow Jones Rallies On Pfizer Vaccine News; Tesla Stock Rises After China Sales

The Dow Jones Industrial Average rallied 100 points early Wednesday, as Pfizer provided an update on the effectiveness of its vaccine vs. the omicron Covid-19 variant. Apple hit new highs, while Tesla stock dropped after reports of strong electric-vehicle sales in China.




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Among the Dow Jones leaders, Apple (AAPL) gained 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, while Microsoft (MSFT) fell 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in today’s stock market. Nike (NKE) also ticked 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} lower, still below a buy point despite Tuesday’s strong gain.

EV leader Tesla (TSLA) shed early gains and dropped 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday. EV peer Rivian (RIVN) was down 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while Lucid Group (LCID) moved down around 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) were mixed after Wednesday’s open.

Among the top stocks to buy and watch, Endeavor Group (EDR), Louisiana-Pacific (LPX), NXP Semiconductors (NXPI) and Zim Integrated Shipping (ZIM) are in or near new buy zones. Despite the recent stock market strength, investors should still be developing watchlists, and avoid making new purchases until the market’s current rally attempt stages a follow-through day.

Microsoft and Tesla are IBD Leaderboard stocks. Louisiana-Pacific was Tuesday’s IBD 50 Stocks To Watch pick. NXP was spotlighted in this week’s Stocks Near A Buy Zone story. Endeavor was featured in last week’s IPO Leaders story. Zim is an IBD SwingTrader stock.

Dow Jones Today: Pfizer Vaccine News

After the stock market open Wednesday, the Dow Jones Industrial Average pared gains to 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, as Honeywell International (HON) dragged on the index following a Bank of America downgrade. The S&P 500 rose 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while the tech-heavy Nasdaq composite reversed higher after early losses.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, while the SPDR S&P 500 ETF (SPY) gained 0.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.

Elsewhere, the 10-year Treasury yield traded down to around 1.46{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday morning, following its close at 1.48{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Tuesday after two straight days of strong gains. Crude oil prices were lower, with West Texas Intermediate down about 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} and on pace to snap a two-day advance.

Early Wednesday, Pfizer (PFE) and vaccine partner BioNTech (BNTX) said a third dose of their Covid-19 vaccine neutralized the omicron variant in lab tests. They also reported that the two-dose regimen was significantly less effective vs. the new variant than prior strains of the virus. Pfizer shares and BNTX shares both traded higher after the open.

Stock Market ETF Strategy And How To Invest

Stock Market Rally Attempt

The stock market posted strong gains Tuesday, as the major stock indexes continued their rebounds from last week’s weakness. Tuesday marked Day 2 of a new rally attempt on the Nasdaq. That is a positive sign, but means the market correction isn’t over yet — one or two days doesn’t make a trend. Starting at Day 4, you are looking for the index to rise sharply in higher volume than the prior day. That would indicate a follow-through day, and signal the start of a potential uptrend.

Now, while the market is still correcting, is a good time to search for stocks that could become the next uptrend’s leaders. One tool helpful in such a search is the relative strength line. The RS line measures a stock’s price performance vs. the S&P 500. If the stock is outperforming the broader market, then the RS line angles upward. If a stock is performing worse than the broad market, then the line will point lower.

After Tuesday’s session, The Big Picture commented: “With two solid gains this week, much of the stock market’s damage from the previous couple of weeks is patched up. The Nasdaq sank almost 8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} from its Nov. 22 peak and is now 3.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} from new highs.”

The stock market outlook was downgraded on Friday, so it’s an important time to read IBD’s The Big Picture.

Five Best Dow Jones Stocks To Watch Now

Dow Jones Stocks To Watch: Apple, Nike

Apple shares hit new highs Tuesday, rallying more than 3.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. The stock is getting further extended past a 153.27 buy point out of a cup-with-handle base, according to IBD MarketSmith chart analysis. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy zone topped out at 160.93. Apple shares moved up 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, setting another all-time high.

Retail leader Nike remains about 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} below a cup base’s 174.48 buy point after Tuesday’s 1.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain. Shares fell 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Stock Market Earnings: Toll Brothers

Photronics (PLAB), Thor Industries (THO) and Lovesac (LOVE) were all making strong morning moves after reporting earnings early Wednesday.

Toll Brothers (TOL) reported better-than-expected fiscal fourth-quarter earnings and sales late Tuesday. Shares dropped more than 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday. TOL stock closed Tuesday in buy range past a 68.98 buy point, but is already extended above a 67.43 handle entry. That 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area topped out at 70.80.

Elsewhere, Stitch Fix (SFIX) dived 27{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday after cutting its revenue outlook for the fiscal year due to ongoing supply chain pressures. Shares closed Tuesday about 78{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their 52-week high.

Stocks To Buy And Watch: Endeavor, Louisiana-Pacific, NXP, Zim

IPO Leader and Ultimate Fighting Championship owner Endeavor Group is trying to break out past a cup-with-handle base with a 31.80 buy point, according to IBD MarketSmith chart analysis. Shares are about 3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} below the new entry after Tuesday’s breakout attempt. The stock was down about 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

The stock’s relative strength line is making strong upward progress and is at its highest level since early October. The RS line measures a stock’s price performance vs. the broad market. A strengthening RS line during periods of market weakness indicates leadership potential.

Louisiana-Pacific — Tuesday’s IBD Stocks To Watch pick — is breaking out past a 73.76 buy point in a cup with handle amid Tuesday’s 3.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} rise. Shares are in the 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy range that tops out at 77.45. LPX stock moved up 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Chip leader NXP Semiconductors is testing a 227.60 buy point in a cup-with-handle base following Tuesday’s 6.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} advance. The buy area goes up to 238.98. Shares were down over 6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday after UBS started coverage with a sell rating and a 170 price target.

IBD SwingTrader stock Zim Integrated Shipping is rapidly approaching a cup with handle’s 60.19 buy point following Tuesday’s 4.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} climb. Shares rallied 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

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EV Stocks: Li Auto, Xpeng, Lucid Motors, Rivian

Li Auto triggered the 7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}-8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss-cutting sell rule below a cup-with-handle base’s 34.93 buy point after Friday’s sharp loss. Shares are fighting to regain their 50-day line after finding support around the long-term 200-day moving average. Shares tacked on 0.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Xpeng Motors triggered the round-trip sell signal from a 48.08 buy point during last week’s decline. Investors should sell the growth stock if it falls back near the buy point after it has made a gain of more than 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Try to sell before all gains are wiped away. XPEV shares ended Tuesday above their 50-day support level. Wait for the stock to form a new base, which would offer a new entry. The stock moved up 0.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday.

Lucid Motors shares threatened to extend a five-day losing streak Wednesday, falling 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. LCID stock remains extended past a 28.49 buy point in a cup-with-handle base, but huge gains have dwindled.

Hot initial public offering Rivian extended Tuesday’s 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} fall, dropping nearly 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} early Wednesday.

RIVN shares closed Tuesday about 35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their post-IPO highs. The decline is a potential positive for investors remaining disciplined and waiting for an IPO base to form before considering a purchase. The recent weakness is the start of Rivian’s first base formation, and Monday’s strong gain was a step in the right direction.

Tesla Stock

Tesla stock turned down 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, after Tuesday’s 4.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain as it rebounds from a key support level. Early Wednesday, the China Passenger Car Association reported that Tesla Shanghai sold 52,859 made-in-China Model 3 sedans and Model Y crossover SUVs in November, including 21,127 that were exported.

Shares traded as high as 1,243.49 on Nov. 4, but the stock ended Tuesday about 15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high.

TSLA shares remain sharply above a 764.55 buy point in a cup with handle, as well as earlier entries at 700.10 and 730. The chart also showed an alternate entry at 900.50. Tesla shares are likely forming a new base, but there is no new buy point yet.

Dow Jones Leaders: Microsoft

Among Dow Jones stocks, software giant Microsoft moved down 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Wednesday, as it fights to continue its rebound from the 50-day line.

On Oct. 18, Microsoft stock broke out past a flat base’s 305.94 buy point. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy zone topped out at 321.24, so the stock is extended.

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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