March 3, 2024


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Dow rises as earnings season continues;  Netflix earnings on deck

Dow rises as earnings season continues; Netflix earnings on deck

The Dow Jones Industrial Average rose Tuesday morning, as Johnson & Johnson & Travelers announced its quarterly earnings results. Later, Netflix earnings will accrue after the close.


Oilfield services giant Halliburton (halo) and giant defense Lockheed Martin (LMT) reported earnings before the market opened on Tuesday, kicking off the quarterly results of their groups. HALE stock It fell 1.1% early, and Lockheed Martin shares were down 1.2% in morning trading.

Lululemon (lulu) was up more than 3% early Tuesday after Truist upgraded the stock from hold to buy. Twitter (TWTR) is down nearly 2% after Monday’s jump of 7.5%. The symbol of the electric car Tesla (TSLA) is up 0.7% Tuesday morning.

between the Dow Jones LeadersAnd apple (AAPL) And Microsoft (MSFT) lost part of 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 top stocks on Tuesday to buy and watch.

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 Tuesday’s opening, the Dow Jones Industrial Average rose 0.6%, while the S&P 500 gained 0.5%. The Nasdaq Composite Technology Weight Index rose 0.3% in morning trade.

within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ) gained 0.3%. SPDR S&P 500 ETF (spy) rose 0.5%.

The 10-year Treasury yield rose to 2.9% on Tuesday morning after rising to 2.86% on Monday, its highest level since December 2018. Meanwhile, US oil prices are down more than 3%, with Texas Intermediate crude trading below 104 dollars per barrel.

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Stock market rally continues to struggle

The stock market ended Monday with modest losses, extending Thursday’s sharp declines.

Monday the big picture The column commented, “The S&P 500’s hold at 4400 is in doubt. But the index made a low of 4370. This is important, because it is 13 points higher than the close of 4,357 on March 16, when the S&P made its value Follow through to confirm the gathering. So technically, the shaky uptrend continues. The same cannot be said of the Nasdaq, which undermined its follow-up on March 18 more than a week ago. The tech-heavy indicator should be considered correcting. And generally weak action in tech stocks only reinforces that idea.”

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: Johnson & Johnson, Travelers

Dow Jones stock Johnson & Johnson (JNJ) And travelers (TRV) announced its quarterly results early Tuesday.

JNJ stock rose about 2% after the company cut its full-year earnings and sales forecast. The stocks are in a buying range above 173.72 buying points for a double bottom.

Traveler shares fell nearly 2% after first-quarter earnings and better-than-expected sales results for the insurance giant. The stock extended past the entry point of 163.39 of the flat base.

Dow Jones Buy & Watch: American Express

Dow Jones Financial Stock American Express tracks the base of a teacup with a handle, showing 194.45 buying points. AXP shares were up 0.5% on Tuesday morning.

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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. The bullish indicator is that the stock’s RS line is at its highest level since June 2021. Stocks were flat on Tuesday.

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 now shows a cup with a handle with a buy point of 125.21 as a result of last week’s weakness. EW shares are up nearly 1% on Tuesday morning after Monday’s 0.6% drop.

Murphy Oil broke the 43.30 buy point of the bullish base amid Monday’s 3.2% advance. MUR . STOCK Boasts a rating of 99 perfect IBD compounds, for every IBD stock check. Shares were down 1% early Tuesday.

Defense contractor Raytheon Technologies finished less than a flat base 104.44 pips long after stocks rose on Monday. RTX shares rose slightly on Tuesday morning.

Oil and gas producer Shell, April 1 IBD stock today, is in a buying range above 56.23 buy points for a flat base after Monday’s 0.4% rise. Buying space increased 5% to 59.04. Shell shares rose about 1% on Tuesday morning.

Ulta Beauty shares are in Purchase range 5% macaroni cup with handle 408.83 points of purchase according to IBD Market Smith Graph analysis. 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 rose 0.4% early Tuesday.

Netflix earnings

Netflix earnings Expected late Tuesday, analysts say the company could expect its slowest growth in 10 years. The company’s earnings are expected to decline 22% to $2.92 per share on revenue of $7.93 billion. Sales are expected to increase by 11% compared to the same period last year.

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NFLX shares are down more than 50% from their 52-week high after Monday’s 1% drop.

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

Tesla Stock

Tesla stock It rose 0.7% Tuesday morning, in a pace that added to Monday’s 2% rise. The EV giant will announce its quarterly results late Wednesday.

Tesla shares ended Monday about 13% away from buying a cup with a handle at 1,152.97 points. The stock traded as high as 1,243.49 on November 4, and on Monday closed about 19% 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 lost 0.3% on Tuesday morning.

Shares of software leader Microsoft rose 0.25% on Monday, but it’s still sharply below its 50 and 200-day lines. The stock is about 20% off its 52-week high. MSFT shares were down 0.2% early Tuesday.

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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