Instant Crashes, Intel Taps Earnings; Donald Trump makes PSPC great again – .

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Instant Crashes, Intel Taps Earnings; Donald Trump makes PSPC great again – .


Dow Jones and S&P 500 futures fell slightly on Thursday night, while Nasdaq futures fell as Snap stock slumped and Intelligence (INTC) fell on profits. This Snap Break (SNAP) the news also hit Facebook (FB), parent of Google Alphabet (GOOGL) et Twitter (TWTR), Pinterest (NIP) et Trade office (TTD), while Intel news inflated AMD’s stock.



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The stock rally was mixed on Thursday, but the S&P 500 hit an all-time high as growth stocks led despite rising Treasury yields. Tesla (TSLA) approached a buy point on Thursday, several stocks issued buy signals. But the big driver of the day was the merger partner SPAC for Donald Trump’s new social media venture.

Dow Jones Futures Today

Dow Jones futures have lost a fraction of fair value. Futures contracts on S&P 500 fell 0.25%. Futures on the Nasdaq 100 fell 0.6%. Intel stock is a member of the Dow Jones, S&P 500 and Nasdaq. Facebook and Google stocks are S&P 500 and Nasdaq titans.

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

Tesla, Google and AMD stocks are listed on the IBD rankings. AMD stock is also on SwingTrader. Google stock is on IBD Long-Term Leaders. Snap stock, AMD and Google are on the IBD 50.

The video embedded in this article reviewed the overall market action and analyzed Match group (MTCH), Boot barn (BOOT) et Netflix (NFLX).

Instant Stock Cracks, Facebook Collapses

Instant profits far exceeded third-quarter estimates. But the revenues narrowly lacked. Parent Snapchat also guided the low fourth quarter earnings. Recent Apple (AAPL) privacy changes negatively impact Snap’s advertising activities.

Snap stock fell 22%, signaling a dip below the 50 and 200 day lines and a possible five-month low. Snap stock had tried to get back into place after several red herrings over the past few months.

Meanwhile, Snap’s advertising woes are a bad sign for social media rivals and beyond.

FB stock, which was trying to recover from its own woes, fell 5% at the end of the session. Facebook has warned of headwinds over Apple’s privacy changes.

TWTR shares lost 4%. Google stock fell 3%, falling below its 50-day line. The PINS stock slipped 2.5%. Pinterest climbed 13% on Wednesday on reports that Pay Pal (PYPL) is in talks to purchase the scrapbooking site.

Trade Desk stock lost 6%. Facebook, Google and Twitter are releasing a report next week, with Trade Desk results likely in early November.

Intel Benefits

Intel’s profits have exceeded views. But adjusted revenue was lower in some metrics, particularly data center chips. The earnings forecast for the fourth quarter was weak as operating expenses increase. The CFO of the chip giant is also stepping down. Intel stock, lagging for some time, fell 9%.

AMD’s share rose slightly following Intel’s woes, a recurring theme in recent years. Advanced micro-systems (AMD), which reports its results next week, climbed 2.5% to a closing record on Thursday.

Actions Tesla

Tesla stock rose 3.3% in Thursday’s session to 894 after strong earnings. TSLA stock reached 900, a fraction of the end of a nine-month cup base and 900.40 point buy, according to MarketSmith analysis. Stocks are on track to rise for a ninth straight week, with particularly strong gains over the past two. So Tesla stock pausing just at or below all-time highs wouldn’t come as a surprise and would likely be healthy.

SPAC Agreement with Trump Media

After being banned from numerous social media sites, former President Trump created his own. Trump Media & Technology Group To Go Public Through SPAC Merger With Acquisition of the digital world (DWAC). Trump Media & Technology will have a Truth Social social media site, as well as a subscription video-on-demand service TMTG +.

DWAC stock jumped 357% to 45.50. More than 400 million DWAC shares traded in Thursday’s session. DWAC stock rose sharply under the extended trade, as social media rivals Snap, Facebook and Twitter sold off.


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


Thursday stock market rally

The stock market rally ended in a mixed manner but ended relatively strong.

The Dow Jones Industrial Average cut losses to just a fraction of Thursday’s stock trading, nearly exceeding IBM (IBM) plunges 9.6% on weak sales. The S&P 500 index rose 0.3% to a new all-time high a day after the Dow Jones. The Nasdaq composite climbed 0.6%. Russell 2000 small cap gained 0.3%

The 10-year Treasury yield rose 4 basis points to 1.68%, a five-month high.

Crude oil futures fell 1.1% to $ 82.50 a barrel, the first decline in six sessions. Copper prices fell almost 4%.

ETF

Among the top ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.15%, while the Innovator IBD Breakout Opportunities (BOUT) ETF lost 1%. The iShares Expanded Tech-Software Sector (IGV) ETF gained 1%. The VanEck Vectors Semiconductor ETF (SMH) rose 1.1%.

The SPDR S&P Metals & Mining ETF (XME) fell 1.7% as metal prices and mixed earnings took their toll. The Global X US Infrastructure Development ETF (PAVE) was just above breakeven. The US Global Jets ETF (JETS) was down 0.1%. The SPDR S&P Homebuilders ETF (XHB) edged up 0.3%. The Energy Select SPDR ETF (XLE) fell 1.85% and the Financial Select SPDR ETF (XLF) slipped 0.4%.

Reflecting more speculative historical stocks, ARK Innovation ETF (ARKK) climbed 0.8% and ARK Genomics ETF (ARKG) rose 0.15%. Tesla share remains the number 1 stock among ARK Invest ETFs.


Five best Chinese stocks to watch right now


Market rally analysis

The stock rally had a strong Thursday, given a variety of factors.

Falling prices for crude and metals affected these sectors. As always, commodity stocks will follow the underlying commodity price.

Treasury yields hit new highs. But growth stocks led the way on Thursday, with several new flashing buy signals. Transportation, at least the rail and trucking companies, continued to do well. Some retail and clothing names sound solid, as well as consumer discretionary names in general.

The Dow Jones and the S&P 500 are at all-time highs. The Nasdaq is not far behind.

Futures contracts on the Nasdaq suggest technology could pull back on Friday.

But a break could be constructive for many top stocks after running for a few weeks, including Tesla stock. Service now (NOW), Apple, Microsoft (MSFT) and GOOGL stocks might form handles around their buying points, they might look more attractive. These four tech giants will release their results next week, along with hundreds of other companies.


Time the market with IBD’s ETF market strategy


What to do now

The stock market rally continues to perform well and offers new buying opportunities. Depending on your exposure, you can continue to make new purchases. But there’s also nothing wrong with letting the market digest its recent gains and see how the next week unfolds.

Obviously, the goal is to make money, and to do it quickly during bullish market trends. But that doesn’t mean it all has to happen in a day. So don’t try to make it happen.

Identify potential new winners by running screens and creating your watchlists. Pay special attention to those with future income.

A multitude of earnings reports will generate hundreds of winners and losers, and set the tone for various industries and the overall market recovery.

Read The Big Picture every day to stay in tune with the market direction and major stocks and sectors.

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

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