futures: headline inflation report due; 6 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).




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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 continues this week, with key reports coming out of Dow Jones stock Cisco systems (CSCO), Home Depot (HD) f Walmart (WMT), along with Applied materials (AMAT), kohl (KSS), Louie (a little), Messi (M) , nvidia (NVDA), Palo Alto Networks (PANW) and 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%.

Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) was down 0.9% and the SPDR S&P 500 (SPY) was down 0.8%.

electric car giant Tesla (TSLA) fell 2.6% on Monday. Among Dow Jones stocks, apple (AAPL) decreased by 0.4% and Microsoft (MSFT) lost 2.25% in the stock market today.

Among the top stocks to buy and watch is IBD Leaderboard stock Arista Networks (ANET), 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.

Arista Networks is an IBD Leaderboard watchlist and was also featured in the Stocks Near Buy Zone column last week, along with three other top stock ideas. General Motors is a share of IBD SwingTrader. Mobileye was the pioneer of the featured IPO last week.


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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 that overnight action in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular 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 big picture column after the stock market trend has 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.

(Check out our lists of IBD stocks such as the IBD 50 and Stocks Near the Buy Zone, for additional stock ideas.)


Five Dow Jones stocks to buy and watch now


Dow stock to watch: Caterpillar

Dow Jones member Caterpillar is trying to pass 238 points to buy the base of the cup, According to IBD MarketSmith Pattern Recognition. Caterpillar shares were flat on Monday.

CAT stock boasts an impressive 97 out of 99 IBD Composite Perfection rating, according to an examination of IBD stocks.

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

IBD Leaderboard’s Arista Networks stock attempted to surpass the 132.97 buy point of a choppy base amid Monday’s 2.1% rally. The stock topped the entry briefly before closing just below it.

Automaker and IBD SwingTrader shares General Motors Co. gave up 40.20 buy points for the cup and handle during Monday’s drop of 2.8%. If the stock re-enters, the buy zone tops at 42.21.

Last day stocks from IBD GlobalFoundries are trading about 1% away at 66.06 points long at the base of the cup following Monday’s 0.4% rally.

IPO Leader Mobileye broke above 29.96 IPO base buy points, According to IBD MarketSmith pattern recognition, however, stocks pulled back on Monday and are back below there. A 5% chasing area would top at 31.46.

Monday’s IBD 50 stock pick, Phillips 66, crosses a buy point of 110.08 for a handle cup base. 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.


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


Tesla stock

Tesla stock 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

Among Dow Jones stocks, Apple shares fell 0.4% on Monday, but still held above the 50-day line that was recently restored. 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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