Dow Jones Futures Fall: Tesla Stock Hits New Buy Point; 5 Top Stocks To Buy And Watch

Dow Jones futures were lower after the stock market rally hit new highs Monday. Tesla stock briefly topped an early buy point, while leading growth stocks Applied Materials, ArcBest and Fortinet broke out past new entries.


On Monday, the Dow Jones Industrial Average advanced 1%. The S&P 500 and Nasdaq climbed 1.4% apiece.

Among the Dow Jones leaders, Apple (AAPL) moved up 2.3% Monday, while Microsoft (MSFT) also rose 2.3% in today’s stock market. Home Depot (HD) continues to rebound from a key level, while Nike battles to rise above a critical resistance level.

Electric-vehicle leader Tesla (TSLA) pared gains to 2.5% after briefly topping an early buy point. Its rival, Rivian (RIVN), surged over 10%. Lucid Group (LCID) reversed from early losses to rally nearly 3%. But Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) posted losses Monday ahead of next weekend’s December sales numbers.

Among Monday’s top stocks to buy and watch, Applied Materials (AMAT), ArcBest (ARCB), Fortinet (FTNT), Icon (ICLR) and Mosaic (MOS) are in or near new buy zones. Following Thursday’s bullish market signal, investors have the green light to purchase new breakouts.

Icon, Microsoft and Tesla are IBD Leaderboard stocks. Fortinet was featured in this week’s Stocks Near A Buy Zone column. Applied Materials and Mosaic are IBD SwingTrader stocks.

Dow Jones Futures Today

After the stock market close Monday, Dow Jones futures lost 0.15% vs. fair value, while S&P 500 futures also fell 0.15%. Nasdaq 100 futures moved down 0.1% vs. fair value. Remember that trading in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Among exchange traded funds, Innovator IBD 50 (FFTY) moved up 2.5%. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1.65%. And the SPDR S&P 500 ETF (SPY) ascended 1.4%.

Stock Market ETF Strategy And How To Invest

Stock Market Rally Continues To Strengthen

The stock market posted more strong gains Monday, as the major stock indexes extended their win streak to four sessions. The…


Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *