July 24, 2024


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Dow rises, but Netflix crashes 30% on profit;  Tesla Earnings Due

Dow rises, but Netflix crashes 30% on profit; Tesla Earnings Due

The Dow Jones Industrial Average rose 200 points on Wednesday, even as Netflix stock collapsed more than 30% in early morning trading. At a later time, Tesla’s earnings after the close are due.


Abbott Laboratories (ABT), ASML (ASML) And Baker Hughes (BKR) was one of the most important drivers of earnings on Wednesday morning. Abbott’s stock is down about 1%. ASML shares jumped more than 5%. BKR shares are down about 4.5% in morning trading.

Lululemon (luluIt advanced more than 1% after announcing a five-year plan to double revenue by 2026. Twitter (TWTR) was slightly lower after falling 4.7% on Tuesday. electric car giant Tesla (TSLA) is up 0.5% on Wednesday morning.

between the Dow Jones LeadersAnd apple (AAPL) And Microsoft (MSFT) by 0.5% and 1.2%, respectively in Stock market today.

Despite the faltering stock market rally, Dow’s leaders American Express (AXP) And Larva (cat) – along with IBD Leaderboard stock watch list Edwards Live Science (EW), murphy oil (mor), Raytheon Technologies (RTX), coincidence (shill) And Ulta Beauty (Ulta) – Among the largest stocks to buy and watch on Wednesdays.

Microsoft and Tesla IBD Leaderboard Stores. Caterpillar and Edwards Live Science appeared In this week Stocks near the buying area pole. Edwards was too Monday stock from IBD. The caterpillar is IBD SwingTrader stock.

Dow Jones today: Treasury yields and oil prices

After Wednesday’s opening, the Dow Jones Industrial Average rose 0.85%. The S&P 500 was up 0.6%, and the Nasdaq was up 0.3% in morning trading.

within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ) popped 0.4%. SPDR S&P 500 ETF (spy) rose 0.4%.

The 10-year Treasury yield fell to 2.89% on Wednesday morning after rising to 2.91% Tuesday, its highest level since December 2018. Meanwhile, US oil prices rose more than 1%, with Texas Intermediate crude trading around $104. barrel.

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stock market rise

The stock market ended Tuesday with solid gains, cutting a two-day losing streak.

Tuesday the big picture The column commented, “Tuesday’s rebound saw the Nasdaq Composite Index up nearly 2.2% and the Nasdaq 100 up 2.2% as well. Small companies beat their big-cap siblings. The iShares Russell 2000 rebound of nearly 2% lifted the ETF. The main stock market is back again with its 50-day moving average. The S&P 500 and Dow Jones industrial indexes settled gains in the 1.4%-1.6% range.”

If you are new to IBD, consider taking a look at stock trading system And CAN SLIM Basics. Distinguish chart patterns It is one of the key investment guidelines. IBD offers a wide range of Stock Growth ListsLike leaderboard And SwingTrader.

Investors can also create watch lists, find companies near a profile buy pointor develop custom screens in IBD Market Smith.

Five Dow Jones stocks to watch right now

Dow Jones Earnings: Procter & Gamble

Dow Jones stock Procter & Gamble Company (PG) announced its quarterly results early Wednesday. The company topped earnings and sales estimates, resulting in a gain of 1.15% in morning trading.

The PG stock tracks a mug with a handle that has 161.31 buy points.

Dow Jones stocks to buy and watch: American Express, Caterpillar

Dow Jones Financial Stock American Express also tracks the base of a cup with a handle, showing 194.45 buying points. The stock retraced up the 50-day streak during Tuesday’s 1.5% gain. AXP shares rose more than 1% Wednesday morning.

while, IBD SwingTrader Caterpillar in the scope of purchase after a cup with handle Buy point 227.15 after Thursday’s breakout move. The 5% buy space It rises to 238.51. Bullish indicator – The stock’s RS line is at its highest level since June 2021. Shares are up 1.4% on Wednesday.

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Four Growth Credits to Buy and Watch at Cursstock market rally

Stocks to buy and watch: Edwards, Murphy, Raytheon, Shell, Ulta

IBD Leaderboard Watchlist Edwards Lifesciences stock is just shy of a cup with a 125.21 buy point for the handle after Tuesday’s 4.4% rally. EW shares rose Wednesday morning.

Murphy Oil closed at 43.30 buy point of the bullish base after Tuesday’s 1.1% decline. MUR . STOCK Boasts a rating of 99 perfect IBD compounds, for every IBD stock check. Shares were up 2% early Wednesday.

Defense contractor Raytheon Technologies finished over A flat base 104.44 pips long after stocks rose on Tuesday. RTX shares are up 1.3% on Wednesday morning.

Oil and gas producer Shell, April 1 IBD stock today, is moving higher in the buying range above the 56.23 buy point of the flat base after Tuesday’s 1.3% rally. Buying space increased 5% to 59.04. Shell shares were down about 0.5% on Wednesday morning.

Ulta Beauty shares are still barely in Purchase range 5% macaroni cup with handle 408.83 points of purchase according to IBD Market Smith Chart analysis, following Tuesday’s 3% advance. The buying area rose to 429.27. The stock’s relative strength line is at a new high, which is a major sign of market leadership. ULTA shares were up 1% early Wednesday.

Netflix earnings

Netflix earnings report It was mixed late on a Tuesday. Profits exceeded estimates, while sales failed to meet targets. Disappointingly, the company lost 200,000 subscribers in the March quarter. Analysts and the company’s own guidance expected 2.5 million new subscribers in the period.

NFLX shares were down 30% Wednesday morning. The stock on Tuesday finished about 50% of its 52-week high.

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

Tesla Earnings Due

Tesla stock It rose 0.5% on Wednesday morning, after Tuesday’s rise of 2.4%. The electric car giant will announce its quarterly results late Wednesday. Analysts expect the company to earn $2.26 per share on revenue of $17.65 billion, according to FactSet.

Shares of the EV giant on Tuesday ended about 11% from their handle cup buying point at 1,152.97. The stock traded as high as 1,243.49 on November 4 and finished on Tuesday about 17% of that all-time high.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares launched 7%-8% loss reduction base From 176.75 buying pips at a double bottom base last week. Meanwhile, the handle buy point is the latest entry point to watch at 179.71. The stock rose 0.5% on Wednesday morning.

Shares of software leader Microsoft Corp. rose 1.7% on Tuesday, but it’s still sharply below its 50 and 200-day lines. The stock is about 20% off its 52-week high. MSFT shares rose 1.1% early Wednesday.

Make 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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