Dow Jones Rallies 250 Points; What To Do Now; 10 Best Stocks To Buy And Watch Now

Dow Jones futures were slightly lower in extended trade after the Dow Jones Industrial Average rallied 254 points Monday. IBD Stock Of The Day Etsy (ETSY) and security leader Axon Enterprise (AXON), both which broke out today, are two of the 10 best stocks to buy and watch as the stock market rally continues.


Economic Data, Earnings Reports

On the economic front, data this week includes Tuesday’s preliminary January PMI for manufacturing and services from researcher Markit and, on Thursday, fourth-quarter GDP estimates from the Commerce Department as well as the Labor Department’s weekly jobless claims and December new homes sales numbers from the Census Bureau. Finally, inflation data will wrap up the week on Friday with the Commerce Department’s PCE price index.

Key earnings this week include Dow Jones members American Express (AXP), Boeing (BA), Chevron (CVX), IBM (IBM), Intel (INTC), Johnson & Johnson (JNJ), Microsoft (MSFT), Travelers (TRV), Verizon Communications (VZ) and Visa (V).

Other important earnings reporters are ASML (ASML), D.R. Horton (DHI), Halliburton (HAL) and Tesla (TSLA).

Stock Market Today

On Monday, the Dow Jones Industrial Average rallied 0.8%, and the S&P 500 climbed 1.2%. The tech-heavy Nasdaq composite jumped 2%. Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) moved up 2.2% and the SPDR S&P 500 (SPY) rose 1.2%.

Electric-vehicle giant Tesla traded up 7.7% Monday. Among Dow Jones stocks, Apple (AAPL) gained 2.35% and Microsoft (MSFT) rose 1% in today’s stock market.

Axon Enterprise, Etsy, IBD Leaderboard stock Fluor (FLR), recent IBD Stock Of The Day Medpace (MEDP), Monster Beverage (MNST) and Vertex Pharmaceuticals (VRTX) — as well as Dow Jones names Caterpillar (CAT), Chevron (CVX), JPMorgan Chase (JPM) and Visa (V) — are among the top stocks to buy and watch with the market extending its recent gains.

Fluor and Medpace are IBD Leaderboard stocks. Vertex was IBD’s Stock Of The Day on Wednesday. Axon and JPMorgan were featured in this week’s Stocks Near A Buy Zone column.

4 Top Growth…


Read More

Recommended For You

Leave a Reply

Your email address will not be published.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