Dow Jones rallies as Apple rises ahead of earnings; Tesla stock soars – .

Dow Jones rallies as Apple rises ahead of earnings; Tesla stock soars – .

The Dow Jones Industrial Average gained 200 points on Thursday, as Apple stock surged ahead of expected earnings after the close. Tesla stock surged higher, trading just above all-time highs. And ServiceNow, Shopify, and Twilio have been key revenue drivers.


Among the leaders of the Dow Jones, Apple (AAPL) rose 2.7% on Thursday, while Microsoft (MSFT) lost 0.3% in today’s stock market. American Express (AXP), Goldman Sachs (GS) and JPMorgan Chase (JPM) considered new points of purchase.

Tesla (TSLA) rose more than 2% on Thursday, but remains outside Tuesday’s all-time highs.

Among companies reporting profits, Service now (NOW), Shopify (SHOP) and Twilio (TWLO) announced its results ahead of Thursday’s opening. Amazone (AMZN) will report after the close.

Among the best stocks to buy and watch, Alphabet (GOOGL) et Cleveland Cliffs (CLF) are located in or near new shopping areas.

Microsoft and Tesla are stocks in the IBD ranking. Alphabet is an IBD SwingTrader share. Cleveland-Cliffs was the IBD title of the day on Friday.

Dow Jones today

Early Thursday, the Dow Jones Industrial Average rose 0.55%. The S&P 500 gained 0.9% in morning trading, while the high-tech Nasdaq composite rose 1.1%.

Snapshot of the US Stock Market Today

Index symbol Price Loss of profit % Changer
Dow Jones (0DJIA) 35680.52 +189.83 +0,53
S&P 500 (0S&P5) 4587.49 +35.81 +0.79
Nasdaq (0NDQC ) 15387.11 +151.27 +0.99
Russel 2000 (IWM) 227.01 +3.36 +1.50
SMALL 50 (FFTY) 49,72 +1,12 +2.30
Last updated: 11:00 AM ET 10/28/2021

Among exchange-traded funds, Innovator IBD 50 (FFTY) rose 1.9% on Thursday. The Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 0.6%. And the SPDR S&P 500 ETF (SPY) rose 0.6%.

Stock ETF strategy and how to invest

Stock exchange rally

The stock rally continues to meet some resistance, as the Dow Jones Industrial Average and S&P 500 headed squarely lower on Wednesday. The Nasdaq erased strong gains, ending mostly unchanged for a second straight session.

The Big Picture commented on Wednesday, “The Nasdaq’s intraday gain of 0.8% did not match the initial 1% advance of the previous session. But both sessions were pretty much mirrored how they ended. 12 hundredths of a point, significantly less than 0.1%, isn’t exactly what bulls in the stock market would call appetizing. “

For daily stock market commentary, be sure to check out The Big Picture from IBD.

Five best Dow Jones stocks to watch right now

Dow Jones stocks to buy and watch: Amex, Goldman, JPMorgan

American Express finished just below a buy point of 178.90 in a handle cup on Wednesday, according to IBD MarketSmith’s chart analysis, after last week’s breakout day. Shares fell 0.3% on Thursday.

Goldman Sachs is a striking distance from a 420.86 buy point on a flat basis after Wednesday’s 1.6% drop. Shares rose 0.2% on Thursday. Meanwhile, JPMorgan remains at the top of the 5% buy zone after entering 163.93 in a handle cup after a rebound off the 50 day moving average. The 5% buy zone peaks at 172.13. JPM stock was up 0.6% on Thursday.

American Express and Goldman Sachs both have strong relative strengths. A strong relative strength line at the start of a new uptrend indicates a potential market leader.

Amazon earnings

Amazon’s profits are due after the close on Thursday. When the company reports, analysts expect earnings of $ 8.90 per share on revenue of $ 111.5 billion.

Amazon shares are up 0.1% in morning trading and are just above their 50 day line.

Apple Gains

Apple was up nearly 3% ahead of Thursday’s results after the close. Analysts expect the company to earn $ 1.24 a share on $ 85 billion in revenue.

Apple stocks hold just above their 50-day moving average as a new cup base forms with a buy point of 157.36, according to IBD MarketSmith’s chart analysis. Be on the lookout for a potential handful to provide a more optimal entry in terms of risk.

Stock market benefits: ServiceNow, Shopify, Twilio

ServiceNow reported third quarter profits that were better than Wall Street estimates, while revenue expectations exceeded expectations. Despite the battered earnings, ServiceNow shares rose more than 2%, just below their recent flat-base entry of 681.20.

Shopify stock gained nearly 2% on Thursday morning after its third quarter earnings, revenue and gross merchandise volume beat expectations. Stocks are at their 200-day long-term moving average.

Twilio reported better than expected third quarter earnings and sales on Wednesday evening. But Twilio shares plunged 17% in morning trading, falling to multi-month lows.

Stocks to Buy and Watch: Alphabet, Cleveland-Cliffs

Wednesday’s IBD action of the day Alphabet tries to break above a flat base buy point of 2,925.18 amid Thursday’s 0.5% loss, according to IBD chart analysis MarketSmith. According to IBD Stock Checkup, the IBD SwingTrader stock has an IBD Composite Rating of 98 out of 99. The IBD Composite Rating identifies stocks with a mix of strong fundamental and technical characteristics.

Cleveland-Cliffs is quickly approaching a buy point of 26.61 in a cut base in the middle of this week’s rally. CLF shares were down more than 1% on Thursday morning. Meanwhile, the stock sparked a new entry during last week’s sharp pullback above its 50-day moving average.

Join the IBD experts as they analyze the major stocks in the new uptrend in the stock market on IBD Live

Actions Tesla

Tesla stock rose more than 2% on Thursday morning, trading just below Tuesday’s all-time highs. On Monday, its shares reached a valuation of $ 1,000 billion after car rental giant Hertz ordered 100,000 Tesla vehicles for its fleet.

The stock hit an all-time high on Tuesday, trading as low as 1,094.94 before reversing lower. TSLA stocks are well above a buy point of 764.55 in a handle cup, as well as earlier entries at 700.10 and 730. Another entry at 900.50 could also be identified.

Dow Jones Executives: Microsoft

Among the main stocks in the Dow Jones, the software giant Microsoft lost 0.5% Thursday morning, but remains well above a recent buy point.

On October 18, Microsoft broke the flatbase buy point of 305.94. The 5% buy area peaks at 321.24, so the stock is now extended.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen to learn more about growth stocks and the Dow Jones Industrial Average.


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