Stock Market Rally Shows Character Change With Tesla, Apple In Focus; Here’s What To Do Now

The stock market rally showed growing momentum this past week, with the major averages all making big moves. Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures.


Market rally leadership remains narrow, concentrated in the artificial intelligence space, as well as chips and software. Many of those stocks are extended. But if market breadth continues to improve, a wider array of buying opportunities will develop.

Already, Tesla (TSLA) broke out Friday. DexCom (DXCM), Lennar (LEN) and JPMorgan Chase (JPM) flashed early entries late in the week. Marriott International (MAR) arguably is actionable as well.

All reflect possible leadership areas. Tesla stock joins EV rivals such as BYD (BYDDF) in clearing buy points. DXCM stock is one of several medical products securities trying to push higher. LEN stock is among a number of homebuilders rebounding again. JPM stock stands out among financials, but the sector is rebounding. MAR stock is among a broadly reviving travel sector.

Investors should be looking to add exposure amid the promising bullish shift. But be ready to step back.

Meanwhile, Apple (AAPL) is expected to show off its mixed-reality headset on Monday, its first new hardware product since the Apple Watch in 2015. The headset will take on rivals such as the Meta Quest from Meta Platforms (META). Apple stock is on the cusp of clearing its January 2022 highs and is closing in on a $3 trillion market cap.

Tesla stock joined IBD Leaderboard on Friday, joining Meta stock. LEN stock joined SwingTrader on Friday. Lennar was Friday’s IBD Stock Of The Day.

Dow Jones Futures Today

Dow Jones futures open at 6 p.m. ET on Sunday, 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

Stock Market Rally

The stock market rally showed strong, broad gains, especially late in the week.

The Dow…


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