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
Feb 2, 2024 • 18min
Major Indexes Hit New Highs; MongoDB, Axon Enterprise, Synopsys Flash Buy Signals
Losers trounced winners Friday, but the Dow Jones and S&P 500 hit record highs while the Nasdaq roared to a two-year best thanks to Meta Platforms and Amazon. MongoDB also was a beneficiary, clearing a handle buy point, while Axon Enterprise and Synopsys flashed early entries. Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 1, 2024 • 17min
Stocks Rebound After Fed Sell-Off; Nextera, Ferrari, Appfolio In Focus
Advancers beat declines on the Nasdaq by nearly 2-to-1. The ratio was more than 3-to-1 positive on the NYSE. The Russell 2000 small-cap index outperformed and found support at its 50-day line again. Solar stock Nextracker and Ferrari gapped up on earnings, while real estate software firm Appfolio is showing strength and support after its earnings gap. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 31, 2024 • 15min
Stocks Pull Back After Tech Earnings, Fed Statement; RCL, TREX, MCO In Focus
The Nasdaq composite suffered a rare distribution day, falling 2% in higher volume. Breadth was more than 2-to-1 negative on both exchanges. Royal Caribbean Cruises is showing uncanny strength ahead of earnings; Trex is forming a flat base while holding above its 10-week line, while Moody’s is trying to clear a flat base. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 30, 2024 • 12min
Techs Retreat Ahead Of Huge Earnings; Lululemon, Toll Brothers, Weatherford In Focus
Tech stocks fell Tuesday on Apple and possible profit-taking ahead of huge earnings reports starting Tuesday night. Lululemon Athletica and Toll Brothers flirted with buying opportunities before backing off. Weatherford plunged along with many oil machinery, services and drilling plays as Saudi Arabia halted production capacity projects. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 29, 2024 • 12min
Stocks Jump As Bond Yields Fall; UiPath, Chipotle, Azek In Focus
Advancing stocks beat decliners by more than 2-to-1 on both exchanges. The 10-year Treasury yield fell 9 basis points to 4.07% after the Treasury Department cut its borrowing plans in Q1. UiPath has started work on the right side of a cup base. Chipotle Mexican Grill cleared a flat base, while Azek gave an early buy signal as it forms a flat base. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 26, 2024 • 17min
Stocks Back Off Highs But Up For Week; Expedia, Novo Nordisk, Elastic In Focus
The major indexes rose solidly again for the week, with the S&P 500 and Dow Jones hitting fresh all-time highs Friday before reversing. The Nasdaq struggled to advance after mid-week, but that’s not all bad given the massive earnings wave ahead. Expedia is flashing an early entry as travel stocks step up. Novo Nordisk is in a buy zone with earnings due. Elastic is trying to reclaim a buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 25, 2024 • 20min
Nasdaq, S&P 500 Extend Win Streaks; Adobe, Pinterest, Caterpillar In Focus
The first estimate to Q4 GDP came in much stronger than expected, fueling early positive sentiment. Winners beat losers on the Nasdaq by about 3 to 2, but the ratio was nearly 3 to 1 positive on the NYSE. Caterpillar topped a new buy point; Adobe is near highs as it builds a new base; Pinterest is holding support at its 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 24, 2024 • 12min
Nasdaq, S&P 500 Fade After Strong Start; XP, Expedia, EWBC In Focus
Declining stocks had a slight edge over advancers on both exchanges. The 10-year Treasury yield reversed higher and closed above its 50-day line. Brazilian fintech XP gave back early gains after clearing a trendline; Expedia is holding support at its 10-week line; East West Bancorp reversed higher and is still in buy range after topping a 74.61 entry. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 23, 2024 • 11min
Market Pauses At Record Highs; Snowflake, CSX, D.R. Horton In Focus
The stock market rally paused with the major indexes mixed, holding at 52-week or all-time highs. Snowflake broke out. CSX has traded tightly in a buy zone with earnings on tap. D.R. Horton plunged on earnings. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jan 22, 2024 • 15min
Small-Caps Outperform As Yields Drop; Digital Realty, MongoDB, ASML In Focus
A gap up at the open for the major indexes gave up a lot of ground but still finished positive. But it was the small-caps that really led the way as yields came down. Real estate was on the rise and Digital Realty broke out of from a flat base. MongoDB broke above a downtrend and cleared an important 400 level again. Finally, semiconductor equipment maker ASML Holdings broke out from a cup with handle but it has earnings around the corner. Learn more about your ad choices. Visit megaphone.fm/adchoices
