Stock Market Today With IBD

Stocks had a mixed week, but held up near highs despite hot inflation. Nvidia earnings loom as a huge test for the AI-led rally. Super Micro suffered a bearish sell-off after a climax-like run. Meanwhile, outside of tech, homebuilder Lennar and oil machinery play Weatherford are near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices

The bull run continued Wednesday, helped by another round of strong earnings reports, even as January retail sales came in much worse than expected. The 10-year Treasury yield fell for a second day after soaring Tuesday. Real estate firm Jones Lasalle gapped up powerfully; Airbnb shot higher after an earnings sell-off; Commvault Systems is holding gains bullishly. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rebounded Wednesday after Tuesday’s sell-off. The indexes bounced from or near key levels. But it wouldn’t take much for the Nasdaq to be extended again, while bullish sentiment is near extreme levels. Netflix offered a buying opportunity for nimble traders, while Celsius cleared some key levels. Birkenstock is setting up. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market suffered significant losses Tuesday following hot CPI inflation and negative reactions to key earnings reports. Many leading stocks rebounded from key levels, but market breadth was very weak. Shopify sold off on earnings while Copart and MercadoLibre held up reasonably well. Learn more about your ad choices. Visit megaphone.fm/adchoices

A rally by small and midcap names made up for a small retreat by the Nasdaq composite, but only after the Nasdaq made further ground past 16,000. It is less than a 1% rise away from eclipsing its November 2021 all-time peak. The Russell 2000’s solid gain helped affirm good numbers in terms of market breadth. AI-themed companies continue to attract attention and investor dollars, for good reason. But techs are not the only game in town lately for investors searching for stocks with breakout potential. Today we’ll highlight new buy points emerging in PulteGroup and Diamondback Energy as well as note a profit-taking sell rule in Monday.com ahead of its quarterly results early on Monday. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this podcast, the hosts discuss the exciting market milestones of the S&P 500 and NASDAQ. They analyze the performance of these indexes and share their optimism for the Russell 2000. They also talk about the ProShares Bitcoin ETF and the upcoming Bitcoin halving. Additionally, they delve into the recent developments of Sprout Social and offer strategies for handling market corrections.

Breadth was positive on both exchanges by less than 2-to-1 as the S&P 500 made another effort to move through the 5,000 level. Arm Holdings soared on earnings, Marvell Technology Group is approaching an alternate entry, while UiPath backed off highs after giving an early buy signal. Learn more about your ad choices. Visit megaphone.fm/adchoices

The stock market rally continued as Wall Street weighed another round of strong earnings reports. Netflix is holding gains well after gapping up on earnings last month;  sellers hit ELF Beauty despite another strong earnings report while Intra-Cellular Therapies is forming a base as it holds support at the 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices

The major indexes continue to hold near highs, while small caps rose modestly. Buying opportunities are relatively scarce, and often from earnings. Palantir, BellRing Brands and Varonis flashed different buy signals following earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices

Fed Chair Powell gave a rare interview on “60 Minutes” reiterating a slow move towards rate cuts. While the market slumped early, it just refuses to stay down. Many of the leaders are extended but there are still a few that are actionable. Advanced Micro Devices formed a recent three-weeks-tight pattern that’s worth watching. JFrog broke out of a flat base today. Expedia is forming a very shallow flat base ahead of its earnings report on Thursday. Learn more about your ad choices. Visit megaphone.fm/adchoices