Dow futures rise: market rally faces inflation report. Nvidia dives into this warning

Dow Jones futures rose after the stock market movement on Monday. The main inflation report – the Labor Department’s Consumer Price Index – is due on Wednesday. Nvidia’s stock fell more than 6% after the chip giant issued a revenue warning for the current quarter.


American International (AIG), Novavax (NVAX), Shock Wave Medical (SWAV) and Take-Two Interactive. interactive (TTWO) was a major profit driver after Monday’s close.

AIG shares are up nearly 1%. Vaccine maker Novavax crashed 33% after cutting its 2022 revenue guidance due to lack of demand for a Covid-19 vaccine. Shockwave jumped nearly 8% in the extended trade. Video game maker Take-Two is down nearly 7%.

at the same time, PERIGO (PRGO), Planet Fitness (PLNT) and Ralph Lauren (RL) will report before Tuesday’s opening.

Stock Market Today: Dive into Nvidia Stock

On Monday, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 fell 0.1%. The tech-heavy Nasdaq Composite fell 0.1%, extending its moderate losses on Friday.

Among the exchange-traded funds, the Nasdaq 100-tracked Invesco QQQ Trust (QQQ) Index (QQQ) is down 0.3%, and the SPDR S&P 500 (SPY) is down 0.1%.

Graphics Slide Maker nvidia (NVDA) triggered a sell-off in chip stocks on Monday after warning that revenue forecasts for the fiscal second quarter will not reach previous estimates. The company reported initial sales of $6.7 billion for the quarter ended July 31. It previously forecast sales of $8.1 billion for the period. Official results will be announced in August. 24. The Vaneck Semiconductor ETF (SMH) is down 1.7% on Monday. fellow chip stock Advanced Micro Devices (AMD) is down more than 2%.

in another place, Tesla (TSLA) cut its gain to 0.8% on Monday. Among the leaders of Dow Jones, apple (AAPL) and Microsoft (MSFT) lost 0.3% and 0.9% respectively in the stock market today.

In the enhanced stock market environment, Dow Jones shares coca cola (KO) and United Health (United Nations) – well monolithic power systems (MPWR), Initial deal executor (OLLI) and Vertex Pharmaceuticals (VRTX) – Among the top stocks to buy and watch.

UnitedHealth and Vertex are IBD Leaderboard shares. Ollie’s and Vertex in this week’s column featured stocks near the buying zone. Vertex is also the idea of ​​IBD SwingTrader.

Dow futures today: Treasury yields, oil prices, inflation report

Ahead of Tuesday’s open, Dow Jones futures are up 0.15% against stocks. at fair value, while S&P 500 and Nasdaq 100 futures were up about 0.1% each. 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 fell on Monday to close at 2.76% and give up part of Friday’s rally. The 10-year yield is trying to recover after hitting its lowest level since early April. Meanwhile, US oil prices rebounded more than 1.5%, with West Texas Intermediate crude futures trading above $90 a barrel.

The Labor Department’s Consumer Price Index will be released early Wednesday. Consumer prices are expected to rise 0.2% in July, down from the 1.3% jump in June, according to Econoday estimates. However, inflation is expected to rise 8.7% in July from a year ago, reversing its 9.1% year-over-year rise in June.

What to do in the current stock market

In recent weeks, the International Investment Bank raised its market outlook from “upside pressure” to “confirmed upside” due to improved stock market conditions.

With signs of strength in the market, investors have the green light to increase exposure, but keep deals small to start. If a new purchase starts to make progress, systematically increase exposure. There is still a lot of uncertainty for the stock market to navigate, so having a decent amount of cash on hand still makes sense.

Friday’s big picture column commented, “It was another resilient stock market performance on Friday that left the bulls feeling good about the sure upside.”

If you are new to IBD, consider taking a look at the CAN SLIM Stock Trading System and Basics. Recognizing chart patterns is one of the keys to investing guidance. IBD offers a wide range of developing stock listings, such as Leaderboard and SwingTrader.

Investors can also create watch lists, find companies close to a point of purchase, or develop custom displays at IBD MarketSmith.

Five Dow Jones stocks to watch right now

Dow Jones stocks to watch: Coca-Cola, UnitedHealth

Dow Jones soda giant Coca-Cola is building the right side of a flat base with 67.30 pts. Stocks are testing the 50-day line amid a three-day losing streak, falling 0.65% on Monday.

Health insurance giant UnitedHealth and IBD Leaderboard are in a buying range above its double-handle base buying point at 518.80 after Monday’s 0.3% rise, according to IBD MarketSmith chart analysis.

UN stock shows 94 solids of Class 99 IBD compounds, per IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics.

4 growth stocks to watch at Cursstock market rise

Top stocks to watch: Monolithic, Ollie’s, Vertex

Thursday, IBD Stock Of The Day Monolithic Power Systems continues to build the right side of the consolidation with 580.10 buying points. Meanwhile, shares are up about 3% above the early entry level of 514.80. Keep an eye out for a potential handle to offer another alternative purchase point. Shares rose 0.6% on Monday.

The bargain executor of Ollie’s Bargain Outlet is recovering from its 10-week streak – a critical support level – putting the top discount retailer into new buying territory. The stocks are also carving a handle after a large cup base, making the last point of purchase at 72.37. The current price action is about 10% away from this entry.

IBD SwingTrader stock at Vertex Pharmaceuticals is up 2.1% on Monday, moving outside the buying range past the cup with the handle entering at 279.23. Stalking area 5% up 293.19. The stock’s June 23 breakout is back on track after last week’s second-quarter earnings results.

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

Tesla Stock

Tesla stock pared its gains to 0.8% on Monday, reclaiming a small portion of Friday’s 6.6% slide. Last week, stocks reached their highest level since early May, but are now finding resistance around the 200-day line, a key level to watch. On Friday, the company announced that a 3-for-1 stock split would take place on August 3. 24.

The stock is about 30% off its 52-week high.

Dow Jones Leaders: Apple and Microsoft

Among Dow Jones stocks, Apple shares fell 0.3% on Monday, extending its losing streak into three sessions. In recent sessions, the stock retraced the 200-day streak for the first time since May 5th.

Microsoft stock fell 0.9 percent on Monday, falling for the second day in a row. The software giant is still in the lower 200-day long-term range. The stock has closed about 20% from its 52-week high.

Be sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.

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