Dow Jones futures were lower late Monday after the stock market rally hit record levels. Tesla stock surged to more all-time highs. And Mosaic, NXP Semiconductor and ZoomInfo were three earnings movers after the close.
XOn Monday, the Dow Jones Industrial Average moved up 0.3%. The S&P 500 rose 0.2%, while the Nasdaq led the way, rising 0.6%.
Among the Dow Jones leaders, Apple (AAPL) declined 0.6%, while Microsoft (MSFT) lost 0.7% in today's stock market. American Express (AXP), Goldman Sachs (GS) and JPMorgan Chase (JPM) continue to trade near new buy points in the current rally.
Tesla (TSLA) surged 8.5% Monday to hit more record highs.
Among companies reporting earnings, Mosaic (MOS), NXP Semiconductor (NXPI) and ZoomInfo (ZI) reported earnings after the close Monday.
Among the top stocks to buy and watch, Albemarle (ALB), Alphabet (GOOGL) and ServiceNow (NOW) are in or near new buy zones.
Microsoft, ServiceNow and Tesla are IBD Leaderboard stocks. Albemarle was featured in this week's Stocks Near A Buy Zone story.
Dow Jones Futures Today
After the stock market close Monday, Dow Jones futures, along with the S&P 500 and the Nasdaq 100 futures, were slightly lower vs. fair value. Remember that trading in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 35913.68 | +94.12 | +0.26 |
| S&P 500 | (0S&P5) | 4613.67 | +8.29 | +0.18 |
| Nasdaq | (0NDQC ) | 15595.92 | +97.53 | +0.63 |
| Russell 2000 | (IWM) | 233.95 | +5.90 | +2.59 |
| IBD 50 | (FFTY) | 50.96 | +0.61 | +1.21 |
Last Update: 4:30 PM ET 11/1/2021 |
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Among exchange traded funds, Innovator IBD 50 (FFTY) moved up 1.2% Monday. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 0.4%. And the SPDR S&P 500 ETF (SPY) ascended 0.2%.
Stock Market ETF Strategy And How To Invest
Stock Market Rally
The stock market rally strengthened further Monday, as the Dow Jones Industrial Average, Nasdaq and S&P 500 notched more all-time highs. The Dow 30 briefly topped the 36,000 level before closing beneath it.
On Monday, The Big Picture commented, "The Nasdaq holds a quarter-to-date gain of 7.9%. That's equally respectable. Credit this gain in large part to strength in the chip, business software, automotive, retail and financial sectors of the market. The S&P 500 has advanced 7.1%."
With the Nasdaq at all-time highs and a limited amount of distribution, investors should remain bullish on the positive trend in the market. So, investors should be looking for new buying opportunities to incrementally increase market exposure. And, like always, be disciplined about your purchases. Don't chase extended stocks, and be sure to cut losses after sell signals.
For daily stock market commentary, be sure to check out IBD's The Big Picture.
Five Best Dow Jones Stocks To Watch Now
Dow Jones Stocks To Buy And Watch: Amex, Goldman, JPMorgan
American Express ended Monday about 3% below a 178.90 buy point in a cup with handle, according to IBD MarketSmith chart analysis. Shares rose 0.25% Monday, snapping a five-day losing streak.
Goldman Sachs is within striking distance of a 420.86 buy point in a flat base following Monday's 0.8% gain. The top Dow Jones stock featured in this week's Stocks Near A Buy Zone column.
Meanwhile, JPMorgan remains at the top of the 5% buy zone past a 163.93 entry in a cup with handle after a recent bounce off the 50-day moving average. The 5% buy area tops out at 172.13. JPM stock was down less than 0.1% Monday.
Stock Market Earnings: Mosaic, NXP, ZoomInfo
Mosaic missed Q3 earnings and sales targets late Monday, sparking a 5% retreat in shares in extended trade. Mosaic shares ended Monday about 9% above a 38.33 buy point in a cup base.
NXP Semiconductor fell 1.5% Monday evening after the company reported diluted EPS of $1.91 a share on revenue of $2.86 billion. The stock is tracing a double-bottom base that displays a 218.24 buy point. Shares bullishly regained their 50-day line on Monday.
ZoomInfo climbed 4% in extended trade after reporting strong Q3 earnings and sales results after the close. ZoomInfo stock continues to hold above its key 50-day line in the wake of a failed breakout past a 67.73 buy point.
Stocks To Buy And Watch: Albemarle, Alphabet, ServiceNow
Lithium miner Albemarle is at the top of the buy range past a cup with handle's 244.46 buy point following last week's breakout. The 5% buy area goes up to 256.68. Shares rallied 2.2% Monday. Earnings results are due out Wednesday, so this breakout carries more risk.
IBD SwingTrader stock Alphabet gave up a new buy point — a 2,925.18 entry in a flat base — according to IBD MarketSmith chart analysis — amid Monday's 3.1% stumble.
The IBD Stock Checkup shows that Alphabet stock boasts a 98 out of a perfect 99 IBD Composite Rating. The IBD Composite Rating identifies stocks with a blend of strong fundamental and technical characteristics.
IBD Leaderboard stock ServiceNow is clinging to its 681.20 flat-base entry amid Monday's 2.3% slide. The software maker is in the 5% buy area that runs up to 715.26.
Per Leaderboard analysis, ServiceNow's latest base is a second stage pattern, after shares climbed a little more than 20% from the previous base. Earlier-stage formations — first and second stage — offer more upside and are less likely to fail than later-stage bases.
Join IBD experts as they analyze leading stocks in the current stock market uptrend on IBD Live
Tesla Stock
Tesla stock raced 8.5% higher Monday, hitting more all-time highs. The company announced it was opening up its supercharging network to other EVs in Europe for the first time. The pilot project takes place at 10 supercharger locations in the Netherlands.
Last week, the EV giant's shares moved above a $1 trillion valuation milestone. The stock traded as high as 1,209.75 Monday. TSLA shares are sharply above a 764.55 buy point in a cup with handle, as well as earlier entries at 700.10 and 730. An alternate entry at 900.50 also could be identified.
Dow Jones Leaders: Apple, Microsoft
Among the top Dow Jones stocks, Apple stock is forming a new cup base with a 157.36 buy point, according to IBD MarketSmith chart analysis. Shares lost 0.6% Monday. The current weakness could be the start of a potential handle, which would offer a lower entry if the stock is able to continue to bounce from its 50-day line.
Software giant Microsoft dropped 0.7% Monday, snapping a four-day win streak. On Oct. 18, Microsoft broke out past a flat base's 305.94 buy point. The 5% buy zone tops out at 321.24, so the stock is now extended.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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