Dow Jones Futures Fall; Tesla Stock Spikes to Buy Zones on S&P 500 Nod | Daily Investor Affairs


Dow Jones futures and S&P 500 futures fell slightly on Monday night, while Nasdaq futures edged higher. Tesla (TSLA) jumped overnight upon learning that it will join the S&P 500 Index next month. Tesla action triggers multiple buying points.


Modern (ARNM) News on the coronavirus vaccine supported the stock rally on Monday, with the Dow Jones Industrial Average hitting a record while the S&P 500 and Nasdaq composite also recorded strong gains.

Dow Jones Stocks Walmart, Home Depot Bénéfices dus

Actions Dow Jones Walmart (WMT) et Home Depot (HD) publishes its results Tuesday morning. Walmart stock rose 1.3% to 152.44 on Monday, hitting a new high, after the discount giant sold most of its catch in its Japanese unit Seiyu. WMT stock traded an official buy point of 151.43, but 146.70 could have been the better entry.

Home Depot’s stock on Monday closed up 0.9% to 279.57. Home improvement giant to buy industrial supplies distributor HD supply (HDS), its former unit. The shares are near a buy point of 293.05.

However, investors might prefer Target (TGT) and Lowe’s (LOW) at Walmart and Home Depot, respectively. Both of these big box retailers are also reporting income this week.

Tesla stock is on the IBD ranking.

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Dow Jones Futures today

Dow Jones futures fell 0.3% from fair value, while S&P 500 futures fell 0.3%. Nasdaq 100 futures soared 0.1%. Tesla stock gives a boost to Nasdaq 100 futures, but not yet to S&P 500 futures.

Keep in mind that overnight action on Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular trading session.

Join the IBD experts as they analyze the exploitable stocks during the stock market rally on IBD Live.

Coronavirus news

Coronavirus cases around the world have reached 55.34 million. Covid-19 deaths have exceeded 1.33 million.

Coronavirus cases in the United States have reached 11.53 million, with deaths exceeding 252,000.

New cases of Covid in the United States are over 162,000 so far on Monday. Coronavirus cases in the United States have surpassed 100,000 every day since election day, November 3. California is stepping up restrictions in more areas of the state, with Los Angeles County already there. Several states and cities are tightening restrictions, as cases and hospitalizations skyrocket.

Modern (ARNM) said Monday morning that its coronavirus vaccine was 94.5% effective. Who came after Pfizer (PFE) and BioNTech (BNTX) jointly declared on November 9 that their Covid vaccine is more than 90% effective. However, Moderna’s coronavirus vaccine can be stored at normal refrigeration temperatures. Pfizer / BioNTech vaccine should be stored at ultra-low temperatures.

Pfizer and BioNTech will report on the safety data of their Covid vaccine in a few days, quickly followed by Moderna. After that, both coronavirus vaccines can go to the FDA for emergency approval. Ideally, both vaccines are approved and millions of Americans are vaccinated by the end of the year.

Moderna stock jumped nearly 10% to 97.95 on Monday. Shares climbed 23% last week on expectations the Moderna vaccine would be as effective as Pfizer’s.

BioNTech stock plunged 14%, erasing virtually all of the 15% jump from last week.

Pfizer shares slipped 3.3%. Stocks rose 6% last week, but never closed above a buy point after a brief breakout.

Monday stock rally

Snapshot of the US Stock Market Today

Index symbol Price Loss of profit % Change
Dow Jones (0DJIA) 29952,22 +472,41 +1,60
S&P 500 (0S and P5) 3627,13 +41,98 +1,17
Nasdaq (0NDQC) 11924,13 +94,84 +0.80
Russell 2000 (Etc.) 177,52 +4,02 +2,32
IBD 50 (FFTY) 37,96 +0,35 +0,93
Last updated: 4:04 PM ET 11/16/2020

The Dow Jones led Monday’s stock rally, with real economy stocks benefiting from a coronavirus vaccine.

The Dow Jones Industrial Average climbed 1.6% in Monday’s stock trading. The S&P 500 Index rose 1.2%. The Nasdaq composite is up 0.8%.

Growth stocks performed well. Among the top ETFs, the Innovator IBD 50 ETF (FFTY) gained almost 1%. The iShares Extended Tech-Software Sector (IGV) ETF fell 0.1%, weighed down by work at home names. The VanEck Vectors Semiconductor ETF (SMH) jumped 2.8%.

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Stock de Tesla

In a long-awaited move, Tesla stock will join the S&P 500 ahead of the opening on Monday, December 21, according to S&P Dow Jones Indices. Stocks could be added all at once or in two installments ending on the rebalance date, due to Tesla’s large market cap. The Tesla share will replace an S&P 500 company that has yet to be named.

Tesla shares climbed 13% to 461.92 in overnight trading in massive volume. This signals a strong move above the 50-day moving average and intraday high of 452.50 from last week. This could lead aggressive investors to buy TSLA shares. Tesla’s official point of purchase is 466.

In Monday’s session, Tesla stock was extraordinarily calm, dipping 0.1% to 408.09 in modest shares.

It is often a good idea to wait a few minutes after opening to see if the early action will continue. Considering the huge volume overnight, Tesla stock trading will be huge to start Tuesday’s session.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.


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