Dow fell 200 points ahead of key inflation data; 6 top stocks to buy and watch

Dow futures rose ahead of Tuesday’s open after the Dow Jones Industrial Average snapped a two-day winning streak on Monday. Six of the biggest stocks to buy and watch include hot IPO stocks Mobileye (MBLY).


Early Tuesday, the Producer Price Index (PPI) is due at 8:30 AM ET. The PPI is expected to have increased by 0.5% in October compared to the previous month. Wholesale inflation is expected to jump 8.3% from a year ago.

Third quarter earnings season This week continues, with major reports coming out of Dow Jones stock Cisco systems (CSCO), Home Depot (HD) And the Walmart (wmt), along with Applied materials (AMAT), kohl (KSS), Louie (a little), Messi (M), nvidia (NVDA), Palo Alto Networks (Banu) And the targeting (TGT).

stock market today

On Monday, the Dow Jones Industrial Average lost 0.6%, or 211 points, and the S&P 500 fell 0.9%. The Nasdaq Technology Composite fell 1.1%.

within Exchange money tradedNasdaq 100 Index Tracker Invesco QQQ Trust (QQQ(down 0.9% and the SPDR S&P 500 Index)spy) fell 0.8%.

electric car giant Tesla (TSLA) fell 2.6% on Monday. within Dow Jones stockAnd the apple (AAPL) trading down 0.4% and Microsoft (MSFT) has lost 2.25% in stock market today.

Among the top stocks to buy and watch, IBD Leaderboard stock Arista Networks (Network), IBD SwingTrader stock general motors (GM), GlobalFoundries (GFS) and Mobileye Phillips 66 (psx) – as well as the name Dow Jones Larva (cat) – among the top stocks to buy and watch.

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Arista Networks is IBD Leaderboard Stock and watch list also appeared in the Stocks Near Buy Zone column last week, along with three other top stock ideas. General Motors is IBD SwingTrader stock. And Mobileye was featured last week Underwriting leader.

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Dow futures today: treasury yields, oil prices

Before the opening bell on Tuesday, Dow Jones futures were up 0.3% against fair value, while S&P 500 futures were up 0.4%. Futures for the technology-heavy Nasdaq 100 Index rose 0.5% against fair value. Remember to work in overnight Dow Jones futures contracts and elsewhere that does not necessarily translate into actual trading in the next regular session Stock market session.

The 10-year Treasury yield rose to 3.86% on Monday, recovering a small portion of last week’s decline. Meanwhile, US oil prices fell more than 4% as WTI futures traded above $85 per barrel.

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What to do in the stock market

Now is an important time to read IBD’s The Big Picture column After the stock market trend moved from “uptrend under pressure” to “confirmed uptrend”.

At this time, it is important to be flexible. Despite the recent gains, investors should maintain a cautious attitude, and limit exposure to no more than 40%. Wait for more confirmation of continued strength before adding more exposure. An immediate distribution would be a sign of staying more defensive.

If your recent stock purchases continue to make progress, you should feel more confident about the stock market rally. But sharp reversals and losing trades will, of course, be signs of keeping more of your powder dry.

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(paying off IBD inventory listings Like the defect 50 And the Stocks near the buy zonefor additional stock ideas.)

Five Dow Jones stocks to buy and watch now

Dow stock to watch: Caterpillar

Dow Jones member Caterpillar is trying to bypass 238 cup bases Point purchaseAnd the to me IBD MarketSmith Pattern Recognition. Caterpillar shares were flat on Monday.

CAT stock It features an impressive 97 out of 99 IBD perfect compound rating, per IBD stock check.

Top stocks to buy and watch: Arista, GM, GlobalFoundries, Mobileye, Phillips 66

IBD Leaderboard Arista Networks attempted to pass 132.97 bases out Point purchase Monday’s rally of 2.1%. The stock topped the entry briefly before closing just below it.

automaker and IBD SwingTrader General Motors gave up a 40.20 buy point for the Cup during Monday’s drop of 2.8%. If the stock re-enters, the buy zone tops at 42.21.

Today’s latest stock from IBD GlobalFoundries is trading about 1% away from 66.06 points long at the base of the cup after Monday’s rise of 0.4%.

Underwriting leader Mobileye broke above 29.96 buy points for the IPO base, to me IBD MarketSmith Pattern RecognitionOn Monday, however, stocks fell back below them. A 5% chasing area would top at 31.46.

Pick Monday stocks from the IBD 50 to watchPhillips 66, pierces cup base with handle 110.08 Point purchase. Stocks broke out on Friday, but gave up some of those gains on Monday. The stock is in the 5% buy zone, which rises to 115.58.

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

Tesla stock

Tesla stock It fell 2.6% on Monday, snapping a two-day winning streak and erasing Friday’s gains.

Stocks are down more than 50% from their 52-week highs and sharply below the 50- and 200-day moving average lines.

Dow Jones leaders: Apple and Microsoft

within Dow Jones stockApple shares fell 0.4% on Monday, but still held above the recently restored 50-day line. The stock is down about 20% from its 52-week high.

Microsoft fell 2% on Monday, giving up all of Friday’s gains. The stock halted the session decline at the 50-day line. The software giant is still more than 30% off its 52-week high.

Be sure to follow Scott Lehtonen on Twitter at @employee Learn more about developing stocks and the Dow Jones Industrial Average.

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