<p>Dow Jones futures, S&P 500 futures, and Nasdaq futures rose slightly after hours. Microsoft (MSFT) is set to announce its latest AI advancements at its Ignite 2023 event on Wednesday, while President Biden will meet with China President Xi Jinping. The stock market rally on Tuesday saw powerful gains, with stocks such as MercadoLibre (MELI), Cloudflare (NET), Amazon.com (AMZN), Super Micro Computer (SMCI), and Toll Brothers (TOL) breaking out or flashing buy signals. After the close, Brazilian fintech Nu Holdings (NU) reported in-line Q3 earnings and revenue that slightly beat. Berkshire Hathaway (BKRB) is set to release Q3 stock holdings after the close. Look for Target (TGT), TJX Cos. (TJX), and XPeng (XPEV) to report early Wednesday.</p>
<p>Microsoft will announce its latest AI advancements at its Ignite 2023 event on Wednesday, with some buzz that it could unveil its own AI chip. President Biden and China President Xi will meet on the sidelines of the annual APEC conference in San Francisco. Amazon, Microsoft, and Nvidia stock are on IBD Leaderboard. Amazon stock, MercadoLibre, and Nvidia are on SwingTrader. MSFT stock is on the IBD Long-Term Leaders list. MELI stock, Nvidia, and Microsoft are on the IBD 50. Cloudflare was Tuesday’s IBD Stock Of The Day. Nvidia and MELI stock were selections last week. The video embedded in the article highlighted Tuesday’s big market rally as well as analyzing DraftKings (DKNG), Super Micro Computer, and TOL stock.</p>
<p>Dow Jones futures rose 0.1% vs. fair value. S&P 500 futures and Nasdaq 100 futures climbed 0.1%. At 8:30 a.m. ET, investors will get the October producer price index and October retail sales. The stock market rally made big gains in heavy volume Tuesday on the tame October CPI report. Leading stocks had a great day, with breakouts or buy signals from a wide array of sectors. The 10-year Treasury yield plunged 19 basis points to 4.44%, the lowest since late September. ETFs Among growth ETFs, Microsoft AI News And Biden-Xi rose in strong performance.</p>
<p>MELI stock, Cloudflare, Amazon.com, Super Micro Computer, and Toll Brothers all made significant moves in response to the market conditions. Microsoft stock extended from the 50-day line. Microsoft stock offered early entries at the start of the month. The market rally continues to flash a green light for adding exposure. The major indexes are powering higher, breadth is improving, and a large number of leading stocks have been flashing buy signals. If you’ve been adding exposure gradually from the Nov. 1 follow-through day, you should be significantly invested, with some solid gains in many cases. That could cushion investors if and when the market stages a pullback or pause beyond one day.</p>
<p>Keep working on your watchlists and analyze your portfolio. Look for add-on entries in strong performers, and consider scaling out of laggards. Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.</p>
