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
Oct 24, 2023 • 16min
Indexes Bounce Into Big Earnings; International Seaways, GE, Fair Isaac In Focus
The major indexes rose Tuesday, but a rally attempt is just getting started as a huge earnings wave kicks off. International Seaways is near a buy point, while GE jumped above key levels on strong earnings. But Fair Isaac tumbled on a rival’s weak results. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 23, 2023 • 17min
Indexes Try To Bounce, Breadth Still A Problem; Duolingo, PDD, Vertex In Focus
The Nasdaq undercut its rally day lows early but bounced back. Was it enough? More evidence is needed. Duolingo remains worthy of watching as it got support at its 50-day line. Meanwhile, PDD and Vertex Pharmaceuticals both found support at their 21-day lines. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 20, 2023 • 18min
Nasdaq Near Lows as Earnings Wave Looms; Microsoft, Meta, Google In Focus
The Nasdaq nearly undercut recent lows while the S&P 500 tested its 200-day line and the Russell 2000 hit a 52-week low, as high bond yields pressure stocks. Microsoft, Meta and Google lead an earnings wave, with the three titans holding up relatively well. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 19, 2023 • 17min
Stocks Fade Late After Powell Speech; Tesla, Zscaler, VERX In Focus
Fed Chairman Jerome Powell signaled no rush to hike rates again amid a soaring 10-year Treasury yield. WTI crude oil futures spiked above $90 a barrel amid soaring gasoline prices. Tesla sold off after reporting earnings; Zscaler reversed lower despite an upgrade and big price target hike, while small-cap software stock Vertex is still showing strength. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 18, 2023 • 15min
Stocks Tumble As Oil, Bond Yields Rise; CDNS, AXON, BRZE Hold Up
The 10-year Treasury yield rose above 4.90% for the first time since 2007. WTI crude oil settled at $88.32 a barrel, up 1.9%, as oil and gas stocks outperformed. Decliners beat advancers on the NYSE by 5 to 1. Cadence Design Systems is retesting a prior buy area; Axon is in a buy zone, and Braze is showing strength as it forms a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 17, 2023 • 15min
Stocks Stuck In Range; Fair Isaac, Super Micro Computer, DraftKings In Focus
The major indexes came off lows but also hit resistance, though small caps had a strong session. Treasury yields soared toward 16-year highs. The S&P 500 and Nasdaq are still stuck in a range. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 16, 2023 • 21min
Stocks Rebound But Not All Clear Yet; Lululemon, KLA, AeroVironment In Focus
Given the poor finish on Friday it was nice to see a rebound, but the indexes still have some work to do. It was still an inside day for a lot of stocks and the 50-day line is still looming as potential resistance. Lululemon jumped on an addition to the S&P 500, KLA is showing strength among semiconductors and AeroVironment is worth a revisit as it breaks a downtrend. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 13, 2023 • 17min
Stocks Suffer Significant Losses; Tesla, SLB, Sterling Construction In Focus
After a strong start to the week, the major indexes and leading stocks had a rough finish. The Nasdaq, which reclaimed its 50-day line on Wednesday, fell sharply Friday. Leading stocks struggled. Tesla fell back toward its 50-day ahead of earnings. Sterling Construction plunged. Energy was an exception, with Weatherford advancing with oil prices. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 12, 2023 • 15min
Stock Market Sinks As Bond Yields Spike; Vertex, KLA, MMYT In Focus
Headline consumer prices were slightly hotter than expected, but core prices were in line. The 10-year Treasury yield reversed sharply higher after hitting a low of 4.53%. Published reports blamed a weak 30-year Treasury auction. The U.S. dollar also surged, fueling negative sentiment. Biotech Vertex is showing relative; KLA rallied for the sixth time in seven trading sessions; MakeMyTrip continues to hold above its 10-week line. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 11, 2023 • 17min
Stocks Hold Firm After Inflation Data, Fed Minutes; ADBE, PSN, LII In Focus
Breadth was slightly negative on the Nasdaq but slightly positive on the NYSE. The minutes from the September Fed meeting showed the majority of officials favoring one more rate hike before the end of the year. Money flowed into bonds again, sending the 10-year Treasury yield lower for a second straight session. Adobe is back above its 10-week line as it forms a good base, while Parsons and Lennox International are near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices
