Dow Jones futures were relatively unchanged before the opening of trading on Tuesday, as were S&P 500 futures and Nasdaq 100 futures during overnight trading. The stock market rally has identified seven top stocks to buy and watch, including e-commerce leader Amazon and sports-betting giant DraftKings. Key earnings movers on Monday included Diamondback Energy, NXP Semiconductor, and Vertex Pharmaceuticals. While FANG and NXP shares saw slight gains, Vertex shares dropped 2.5% in extended trading. The Dow Jones Industrial Average rose 0.1% on Monday, with the S&P 500 up 0.2% and the tech-heavy Nasdaq composite climbing 0.3%. Tesla experienced a slight decrease of 0.3% while Nvidia gained 1.7%. Apple and Microsoft also performed well in the stock market, with Apple up 1.5% and Microsoft up 1.1%. In addition to Amazon and DraftKings, other top stocks to buy and watch include MercadoLibre, Uber Technologies, Intel, Walmart, and UnitedHealth. Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, saw little change before Tuesday’s opening bell. It’s important to remember that overnight action doesn’t always correlate with actual trading in the next regular stock market session. On Monday, the 10-year U.S. Treasury yield rebounded after substantial losses the week prior, while oil prices made a slight recovery. The stock market rally is currently in an uptrend, making it an ideal time to read IBD’s The Big Picture column for market insights. It is recommended to gradually increase market exposure as more breakouts emerge. Helpful resources for stock ideas include IBD MarketSmith’s “Breaking Out Today” list and the MarketSmith “Near Pivot” list. Dow Jones stocks Intel, Walmart, and UnitedHealth show potential for growth. Intel is in buy range, Walmart is in buy range, and UnitedHealth is adding a handle to a large consolidation. In terms of growth stocks, Amazon and DraftKings have made positive moves in the market. Amazon’s stock rose last week, and DraftKings surged above the 50-day line, moving above two entries. Other growth stocks to watch include MercadoLibre and Uber Technologies. Tesla stock experienced a slight decrease as it continues to face resistance around its long-term 200-day moving average. Apple and Microsoft, both Dow Jones stocks, performed well on Monday. Apple regained its 50-day line, while Microsoft rallied for a seventh-straight session and moved closer to a cup base’s official buy point.
Dow Jones Futures: Sustained Market Rally Persists; Top 7 Stocks to Purchase and Monitor
