Dow Jones Futures: Tesla Deliveries Crush Views, Stock Eyes Breakout; Bring On The 2022 Market Rally

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Tesla deliveries blew out Q4 forecasts Sunday following strong deliveries from Chinese EV rivals.


The stock market rally rose slightly last week, capping a solid if choppy 2021. The S&P 500 and Dow Jones hit record highs while the Nasdaq is close.

EV stocks are in focus to start 2022. Tesla (TSLA) delivered 308,600 vehicles in the fourth quarter, crushing consensus analyst forecasts and exceeding the most-optimistic targets.

Tesla stock revved up around Christmas, then traded tightly near a trendline. That has turned into a handle buy point.

On Saturday, China startups Nio (NIO), Xpeng (XPEV) and Li Auto (LI) reported strong December deliveries. XPEV stock and Li Auto showed bullish action late last week, while Nio also rebounded.

China EV giant BYD (BYDDF) will likely release December sales later this week.

Meanwhile, DDOG stock also has a weekly handle like Tesla, while Advanced Micro Devices (AMD) is working on a handle-like pause in its short consolidation. All are finding support near their 50-day lines.

Tesla and AMD stock are on IBD Leaderboard and the IBD 50. Datadog (DDOG) was Friday’s IBD Stock Of The Day.

The video embedded in this article took a look at the market action for the past week and for 2021, while also analyzing Tesla, AMD and Datadog.

Dow Jones Futures Today

Dow Jones futures open at 6 p.m. ET, along with S&P 500 futures and Nasdaq 100 futures.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

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