Tuesday, June 18, 2024

Dow Jones futures fall amid approval for a Pfizer vaccine for coronavirus; 4 technical giants near the point of purchase

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Alan Binder
Alan Binder
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Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, fell early Wednesday, even as the United Kingdom approved the Pfizer-Bio-Ntech Coronavirus vaccine for emergency use.


On Tuesday, Dow Jones leader Apple hit a new buying point, while Tesla neared all-time highs. Chinese EV leaders Nio and Xpeng Motors are down more than 10% each, while Nikola is down roughly 15%. Li Auto rebounded on monthly delivery numbers early Wednesday.

Tech giants Advanced Micro Devices, Facebook, PayPal and Taiwan Semiconductor are in or near their purchasing territories.

The Dow Jones Industrial Average advanced 0.6%, or 185 points. The S&P 500 rose 1.1%, while the tech-composite Nasdaq rose 1.3%. The S&P 500 and the Nasdaq both hit all-time highs.

between the Dow Jones leadersAnd the an Apple (AAPL) Increased by 3.1% while Microsoft (MSFT1% advance.

Dow Jones Salesforce.com (CRMAfter reporting profits and announcing the acquisition Slack Technologies (Action) Late Tuesday. at the same time, Veeva Systems (VEEVThe third-quarter estimate topped late, but stocks are down more than 2.5%.

Tesla (TSLAThey are 3% ahead of the S&P 500 addition news and are totally shy of Monday’s high. The leaders of Chinese electric vehicles New (NIO) And the Exping Motors (XPEVDecreased despite reporting strong monthly delivery numbers. at the same time, Li Auto (In theIt rose about 2% early Wednesday on the basis of monthly handover figures.

Stocks in or near buying areas cause the stock market to rise Advanced Micro Devices (AMD), The social networking site Facebook (FB), PayPal (PYPL) And the Taiwan Semiconductor (TSM).

Apple, Microsoft, PayPal, and Tesla Stock IBD Leaderboard. AMD and Facebook Appeared In this week The stocks are near the buying area pole.

Dow Jones Futures Today: Coronavirus Vaccine

Early Wednesday, Dow Jones futures were down 0.4% against fair value, while S&P 500 futures were down 0.2%. Nasdaq 100 futures traded, down 0.2%, against fair value. Remember to trade in Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.

The UK on Wednesday morning approved the Pfizer-BioNTech vaccine for emergency use. The Covid-19 vaccine will be rolled out next week. Pfizer (PFEEquities rose 3.5% while Biotechnology (BNTXShares jumped 7% in pre-market trading.

Among the ETFs, Innovator IBD 50 (fifty) Rose 0.8% on Tuesday. (Invesco QQQ Trust associated with the Nasdaq 100)QQQThe ETF is up 1.3%. Meanwhile, the SPDR S&P 500 ETF (spyIt jumped 1.1%.

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Amidst a stock market rally due to the coronavirus, the tech-heavy Nasdaq rose 37.7% for the year through Tuesday’s close. Meanwhile, the S&P 500 is up 13.4%, while the DJIA is up 4.5% year-to-date, through the December 1 close.

An overview of the US stock market today

index Code price Profit / loss % They change
Dow Jones (0DJIA) 29823.52 +184.88 +0.62
Standard & Poor’s 500 (0S & P5) 3662.41 +40.78 +1.13
Nasdaq (0NDQC ) 12355.11 +156.37 +1.28
Russell 2000 (etc.) 182.63 +1.61 +0.89
IBD 50 (fifty) 39.82 +0.32 +0.81
Last update: 4:48 PM Eastern Time 1/12/2020

Coronavirus updates

According to th Worldometer data tracker, The cumulative number of confirmed coronavirus cases in the United States surpassed 14 million on Tuesday. The total deaths associated with the virus have risen to more than 276,000.

The cumulative total of confirmed Covid-19 cases worldwide since the start of the outbreak exceeded 64 million on Tuesday, with more than 1.48 million virus-related deaths.

Coronavirus stock market rally

November has become a major month for the stock market, after IBD The Big Picture He indicated that the market had returned to a new bullish trend after a bullish follow-up day on November 4th.

The big picture for Monday He commented, “So, technically speaking, S&P has added 500 new days of distribution to the number of the past 25 trading sessions. However, it is useful to compare Monday’s turnover with other full-day trading sessions in recent days.”

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Dow Jones profits: Salesforce

Salesforce stock in the Dow Jones reported better-than-expected third-quarter results late Tuesday.

The company also announced that it had acquired Slack Technologies in a deal worth $ 27.7 billion. Salesforce would use a combination of cash and stocks to pay for the deal: For one share of Slack, Slack shareholders would receive $ 26.79 a share and 0.776 shares of Salesforce.

Salesforce stock is down more than 4% in pre-market trade.

The cloud software company is the second performing stock on the Dow Jones Industrial Average, as it has risen 48.4% since the start of the year.

Apple stock reaches a new point of purchase

Apple Dow Jones broke above a violent entry point at 122.09. Shares rose 3.1% on Tuesday, just above early entry. Another strong entry is at 125.49 while the traditional long point is currently at 138.08, according to MarketSmith Graph analysis.

The blue-chip giant is Dow Jones No. 1 in performance for 2020, with a 66.6% advance as of Tuesday.

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Shares in or near the buying territories: AMD, Facebook, PayPal, and TSMC

Friday’s stock from IBD, Advanced Micro Devices, is in 5% buy territory above 88.82 Point purchase in a Double bottom, to me MarketSmith Graph analysis. Shares are down less than 0.1% on Tuesday. Purchase space increases 5% to 93.26.

to me Inventory check for IBDAnd the AMD stock It boasts 99 ideal ones IBD compound classification. A composite rating – an easy way to identify the highest-growing stocks – is a combination of fundamental and technical metrics to help investors gauge a stock’s strengths.

FANG share on Facebook continues to track the Cup with handleWhich indicates 297.48 buy points. Shares rose 3.5% to move within 4% of the entry. The main disadvantage is the stock The RS line is lagging. Still far from old highs despite Tuesday’s advance.

PayPal broke out and closed in a 5% buyout above 215.93 long points at the base of the cup. Shares rose 1.1% on Tuesday. The buying area tops at 226.73.

The Taiwanese semiconductor company attempted to breach a fresh 102.54 buy point on Tuesday, but closed below the entry level at around 2%. Shares briefly liquidated a buy point in a rare bullish base.

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Nicola Stock

Nikola shares fell for the fourth straight session on Tuesday, down nearly 15%. The stock closed more than 80% of its 52-week high. This week, the stock is actually down 37.8%.

On Monday, Nicola Plans canceled To build the Badger electric pickup truck in a dramatically curtailed partnership agreement with General Motors.

Nio, Xpeng Tumble; Li Auto delivery

Early Tuesday, Chinese EV drivers Nio and Xpeng reported monthly delivery numbers. Early Wednesday, Li Auto said it delivered 4,646 electric vehicles in November, which translates to a roughly 26% increase during October.

Nio delivered 5,291 electric vehicles in November, up 109% over the previous year. Tesla’s Chinese rival fell 10.2% to add to Monday’s slide of 6.4%.

Xpeng Motors delivered 4,224 electric vehicles, up 342% over the previous year. The P7 smart sports sedan led the gains. The P7 competes with the Tesla 3 model made in China.

Stocks are down nearly 11%, after Monday’s 8.6% decline, and are down nearly 30% from their 52-week high.

Li Auto stock rose nearly 2% Wednesday morning, recovering from Tuesday’s drop of 3.1%. The stock on Tuesday ended more than 25% from its 52-week high. Shares remain well above 21.96 buy points in a handle cup.

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Tesla Stock

IBD Leaderboard Tesla shares advanced 3% Tuesday post S&P indices decided on Dow Jones To add the stock to the S&P 500 in one step. Tesla stock will join the S&P 500 before opening on December 21.

On November 18th, stocks broke above 466 buy points in an awkward cup-handle and are already over 20% of the buy point. On Monday, Tesla stock hit a record high of 607.80 before reversing lower.

Stock Market Earnings: Veeva Systems

Veeva Systems Reported third-quarter results Late Tuesday is above Wall Street estimates. The company reported adjusted earnings of 78 cents per share on revenue of $ 377.5 million. Wall Street expected a profit of 68 cents on revenue of $ 361.9 million.

Shares are down about 2.5% in extended trade. The stock is tracking a short cup base with 314.09 long points.

Dow Jones Leaders: Microsoft

From among the top Dow Jones Stocks, The software giant Microsoft rose 1% on Tuesday. Stocks are moving further above the 50-day support level.

Year-to-date, Microsoft is one of Dow Jones’ largest stocks, advancing 35.7% during the November 30 close.

Stock Market Rise: What To Do Next

Investors should continue to use stock market power to buy breakouts. Be patient and wait for strong breakouts rather than chasing the extended stocks. If new hacks work, add more exposure. But if the breakouts start to fail, you can hold back.

In particular, focus on stocks with strong relative strength. Find it using Relative strength line. The RS line measures the stock price performance against the S&P 500. If the stock outperforms the broader market, the RS line tilts upward. If the stock is performing worse than the broad market, the line will indicate a decline.

Includes stocks to watch Long-term leaders of IBD, Companies with steady earnings growth and price performance. Adel Ishaq (FICO) Do you Latest addition To the list, added on November 13. Shares were extended after they removed the resistance around 450.

Be sure to follow Scott Lehtonen on Twitter at Embed a Tweet Learn more about developing stocks and Dow Jones futures.

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