Stock Market Today With IBD
Investor's Business Daily
A roundup of the most compelling market action each trading day at the closing bell from Investor's Business Daily.
Episodes
Mentioned books
Apr 1, 2024 • 11min
Small Caps Hit As Rates Rise; Wynn Resorts, Hubspot, FWRG In Focus
The 10-year Treasury yield jumped 13 bps to around 4.33% after manufacturing data in the U.S. and China came in better than expected. The March jobs report also looms large on Friday. Casino operator Wynn Resorts, software firm Hubspot and First Watch Restaurant are all near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 28, 2024 • 11min
Russell 2000 Hits New High In Quiet Session; TOST, MHO, MLM In Focus
The 10-year Treasury yield ticked higher ahead of a key report on inflation Friday morning. The stock market will be closed Friday in observance of Good Friday, but the bond market will be open. Winners beat losers on the NYSE by about 2-to-1. The ratio was about 4-to-3 positive on the Nasdaq. Toast is setting up in a cup-with-handle base; M/I Homes gave an early buy signal; Martin Marietta is trading tightly near highs. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 27, 2024 • 11min
Small Caps Jump, Breadth Improves; Medpace, Nextracker, BROS In Focus
Profit-taking hit several top-rated growth stocks as the Russell 2000 small-cap index moved into position for another breakout try. The 10-year Treasury yield fell for the sixth time in seven trading sessions with the latest reading on inflation due Friday. Medpace and Nextracker are holding gains well after recent breakouts, while Dutch Bros is retesting a prior buy area. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 26, 2024 • 12min
Indexes Fade Late; Trump Media, ServiceNow, Royal Caribbean In Focus
The major indexes faded late, but near record highs. Donald Trump stock Trump Media skyrocketed out of a base in its post-SPAC merger debut, but came well off intraday highs. ServiceNow flirted with aggressive entries as several software names set up. Royal Caribbean is in a buy zone with Carnival earnings on deck Wednesday. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 25, 2024 • 22min
Indexes Mark Time But Refuse To Give Up Ground; Arm, Axon And Allstate In Focus
Even China news suggesting that Chinese chips would be favored over others wasn’t enough to shake this market. The major indexes continued to trade sideways but are making themselves comfortable above prior levels of resistance. It’s still worth sticking with A-list stocks and today we’ll take that literally with a look at Arm Holdings as it broke a recent downtrend on the China news. Also worth watching is Axon, formerly known as Taser, as it consolidates the gains from its last earnings move. Finally, it might be slow and boring but insurance companies like Allstate are filling the ranks of leadership and Allstate broke out of a short cup today. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 22, 2024 • 15min
Two Familiar Catalysts Fuel Strong Market Week; Uber, Eli Lilly, CrowdStrike In Focus
The major indexes all hit record highs during the week, fueled by two familiar catalysts: A dovish Fed and AI optimism. Breadth was strong beyond tech with a number of stocks breaking out. Uber, Eli Lilly and CrowdStrike are setting up again in somewhat messy patterns. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 21, 2024 • 11min
Stocks Fade After Strong Start; ARES, DUOL, NBIX In Focus
The Nasdaq composite rallied 1%, but early gains faded, hurt by a 4% drop for Apple. Small caps outperformed for the second straight session. Reddit had a strong debut after pricing at 34. Financial stocks also outperformed and several gave buy signals, including Ares Management. Duolingo limped past a 241.86 entry, while an early breakout faded for Neurocrine Biosciences. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 20, 2024 • 14min
Stocks Soar After Fed Statement; CyberArk, Monday.com, JFrog In Focus
The Federal Reserve policy statement could’ve been hawkish in light of recent hot inflation data, but it wasn’t. The Fed envisions three rate cuts before the end of the year, in line with market expectations. CyberArk, Monday.com and JFrog continue to trade well with relative strength lines near new highs. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 19, 2024 • 12min
Market Resilient With Fed On Tap; Woodward, Arista Networks, Synopsys In Focus | Stock Market Today
Market resilience seen with Nvidia reversing higher; Woodward and Arista Networks at buy points; Synopsys making bullish move. Delving into navigating market volatility around Fed meetings, analysis of software, chips, and aerospace stock performance, and insights on earnings growth and market performance.
Mar 18, 2024 • 15min
Time To Look For Setups In Other Areas? DraftKings, Apollo, Royal Caribbean In Focus
The Nvidia GTC conference is in full swing but maybe it’s time to look outside of AI? The Nasdaq composite led the day but attention may also shift to March Madness brackets and a setup in DraftKings breaking a downtrend. A Fed meeting is coming this week which will put the focus on financials like Apollo Global Management with support at its 10-week line. Finally, if you need to get away from it all there is Royal Caribbean as a shallow cup base forms. Learn more about your ad choices. Visit megaphone.fm/adchoices
