Χ In the midst of an intensified upward trend in the stock market, investors have the green light to continuously increase their exposure by buying top stocks that exceed the appropriate market points. You can find stock ideas by following IBD’s proprietary watch lists, such as the IBD 50 and the IBD Big Cap 20.
Stock market today
On Monday, the Dow Jones Industrial Average rose 0.3%. The S&P 500 gained 0.7% and the Nasdaq technology index rose 1.3%. The S&P 500 extended its winning streak to three sessions. Among the traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1.55% and the SPDR S&P 500 ETF (SPY) rose 0.7% on Monday.
Overview of the US Stock Exchange today
Index Symbol Profit / Loss Price% Dow Jones (0DJIA) 34955.23 +93.99 +0.27 S&P 500 (0S & P5) 4575.49 +32.43 +0.71 Nasdaq (0NDQC (0NDQC) (0NDQC (0NDQC) ) (0NDQC) (0NDQC) (0NDQC) 14001 +1.501. FFTY) 39.74 +0.15 +0.38 Last Update: 4:50 PM ET 28/3/2022 Among the leaders of the Dow Jones, Apple (AAPL) rallied 0.5% and Microsoft (MSFT) rose 2.3% in today’s stock market. UnitedHealth, a Dow Jones stock, remains in the market after a recent outbreak. Tesla (TSLA), the leader in electric vehicles, rose more than 8% higher on Monday after the company announced plans to split its share. In the volatile, securities-based market, IBD Leaderboard Arista Networks (ANET), Broadcom (AVGO), CVS Health (CVS), European Wax Center (EWCZ) and Regeneron Pharmaceuticals (REGN) are the top stocks on Monday for purchase and monitoring. Microsoft and Tesla are IBD Leaderboard shares. Arista is a shareholder in IBD SwingTrader. Apple appeared in the Shares column near this week’s market zone. The European Wax Center was last week’s IPO Stock Of The Week.
Dow Jones Futures Today: Oil prices, bond yields, Russia-Ukraine talks
Following the closing of the market on Monday, the Dow Jones futures contract increased by 0.1% against the fair value, while the S&P 500 futures contracts increased. Nasdaq 100 futures fell 0.1% against fair value. Remember that overnight action on Dow futures and elsewhere does not necessarily translate into real trading at the next regular trading session. The yield on the 10-year US bond fell to 2.47% on Monday, maintaining the highest level since May 2019 after rising on Friday. US oil prices fell more than 9% on Monday as West Texas Intermediate crude traded below $ 104 a barrel. Dow Jones energy giant Chevron (CVX) fell almost 2%, but remains well above 20% -25% of profitability from entering 113.21 of the cup base. Russia-Ukraine ceasefire talks – to be held in Istanbul, Turkey – are scheduled to begin on Tuesday morning. Previous talks between the foreign ministers of Russia and Ukraine have ended without agreements on a ceasefire or other humanitarian issues.
Stock Market Rally
The stock market showed positive results on Monday, as the Nasdaq and the S&P 500 closed with stable gains. For more daily stock market reviews, take a look at IBD’s The Big Picture column. Friday’s The Big Picture column commented: “Also encouraging? After last week’s strong progress in the following days from both the S&P 500 and the Nasdaq, the market refused to give up those gains.” If you are new to IBD, consider taking a look at the stock trading system and the basics of CAN SLIM. Recognizing chart patterns is a key to investing guidelines. IBD offers a wide range of emerging stock listings, such as Leaderboard and SwingTrader. Investors can also create watch lists, find companies approaching a market point, or develop custom screens at IBD MarketSmith. Four Dow Jones shares to watch now
Dow Jones Stocks To Buy and Watch: UnitedHealth
The giant of Managed Care UnitedHealth shows a purchase point of 500.10 with a handle entry in a base with a double bottom. Shares closed lower on Monday after gaining ground after a slight rally. Upwards, the relative strength of the stock is near new highs, indicating a significant overperformance of the stock market. Top 4 growth stocks to buy and watch the current stock market rally
Shares to buy and monitor: Arista, Broadcom, CVS, European Wax, Regeneron
The IBD SwingTrader Arista Networks stock is trading above the 133.97 double-bottom trading point, according to IBD MarketSmith charts. Shares rose 0.7% on Monday. Giant chip Broadcom rose 0.6% on Monday as it continues to build the right side of a new cup base. The correct buy point of the cup base is 677.86, but there is a more aggressive entry at 614.74. Last week’s top IPO, the European Wax Center, returned below the 31.59 double-bottom market after shares reversed their early gains of 1.4% on Monday. The 5% market area rises to 33.17. Recent IBD Stock Of The Day CVS Health continues to build a flat base with a buy point of 111.35. CVS shares offset losses at 0.5% on Monday. Biotechnology leader Regeneron Pharmaceuticals remains in the market with more than 673.96 flat-base entries in the wake of a March 16 move. REGN shares traded higher on March 23 before regaining ground on March 24. Shares of REGN moved up 2% on Monday. The 5% market zone exceeds 707.66. Join IBD experts as they analyze top stocks in the current IBD Live stock rally
Tesla stock
Tesla shares rose 8% on Monday after the company announced it would ask shareholders to vote at this year’s annual general meeting to approve additional shares to allow the shares to split. The last 5 to 1 split of the EV manufacturer took place in August 2020. The stock traded up 1,243.49 points on November 4, but closed on Monday with just a 12% discount from this all-time high.
Dow Jones leaders: Apple, Microsoft
Among Dow Jones shares, Apple shares were reversed from big losses to gains of 0.5% on Monday. In anticipation of market opening, Nikkei Asia said the company plans to cut production of its iPhone SE and AirPods due to weaker-than-expected demand. Following this gain, the Apple stock is at an impressive distance from the 176.75 double-bottom trading point, after the decisive recovery of the 50-day line last week. The line of relative strength is just from new highs, which is a key technical indicator of strength. The RS series will have to reach a new high on the day of the breakout to confirm Apple’s share as a market leader. Microsoft, the software leader, rose 2.3% on Monday as stocks recovered the 200-day line. A new base is beginning to take shape. Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones industrial average. YOU CAN ALSO LIKE: Top growth stocks for buying and monitoring Learn how to time the market with IBD’s ETF buying strategy Find the best long-term investments with IBD long-term leaders MarketSmith: Research, charts, data and guidance All in one place How to research growth stocks: Why this IBD tool simplifies the search for top stocks
