Stock Market Today With IBD

Stock Market Today With IBD episodes:

• 05.03.2024

  Nasdaq Retakes 16,000 With Gusto; CEG, Skechers, Apple In Focus

  With Friday’s jobs report reigniting rate-cut hopes, along with positive reactions to earnings from Apple and Amgen, the Nasdaq composite decidedly cleared the 16,000 level. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch...

  
• 05.02.2024

  Nasdaq Soars Ahead Of Jobs Report; Qualcomm, ResMed, FTI In Focus

  Winners beat losers on the Nasdaq by more than 2-to-1. The ratio was around 4-to-1 positive on the NYSE. The 10-year Treasury yield popped early but reversed slightly lower ahead of Friday’s jobs report, which is expected to show nonfarm...

  
• 05.01.2024

  Stocks Swing Wildly After Fed Statement; Pinterest, BAH, AVAV In Focus

  The market initially breathed a sigh of relief that it didn’t get a hawkish statement from Fed Chairman Powell. He acknowledged that inflation is still too high, but he also said the Fed would slow down its bond selling, which...

  
• 04.30.2024

  Indexes Skid Ahead Of Fed; Eli Lilly, Modine, Constellation Energy In Focus

  The S&P 500 and Nasdaq pulled back from their 50-day lines to undercut their 21-day lines, awaiting the latest Fed meeting and other big news. Eli Lilly jumped on earnings, flirting with a buy signal.

  
• 04.29.2024

  Indexes At Inflection Point; Carrier Global, United Rentals, Howmet In Focus

  While it’s nice to see indexes on the upswing, there’s more work to be done. Specifically, the 50-day line is looming for indexes and could be a place where bears wrestle control again. And don’t forget a heavy earnings week...

  
• 04.26.2024

  Stocks Snap Back After Last Week’s Bad Break; Nvidia, ALAB, Cava In Focus

  After last week’s bad break, Alphabet is trying to help the market get its mojo back. As stocks snapped back on Friday, Nvidia, Astera Labs and Cava flashed buy signals. In this extended edition of Stock Market Today, Alissa Coram...

  
• 04.25.2024

  Stocks Recover After Sell-Off; Southern Copper, Sweetgreen, OWL In Focus

  The first estimate to Q1 GDP came in at 1.6%, well below the 2.3% consensus. Core inflation on a year-over-year basis also came in above expectations, raising fears of stagflation. Stocks moved off lows even as the 10-year Treasury yield...

  
• 04.24.2024

  Nasdaq Fades After Strong Start; Hubbell, Ingersoll Rand, NTRA In Focus

  Breadth was weak all day even when the Nasdaq was near session highs. The 10-year yield rose near its high for the year, up 5 basis points to 4.65%. After earnings reports from META and ServiceNow, Microsoft and Alphabet are...

  
• 04.23.2024

  Indexes Rise Again, But Wait For More. TransDigm, Neurocrine, Chipotle In Focus.

  The indexes rose solidly for a second straight session, but don’t get excited yet by the nascent rally attempt, especially with earnings season kicking into high gear. TransDigm is on the cusp of a buy signal amid strength in aerospace...

  
• 04.22.2024

  Indexes Up But Does Anything Change? Church & Dwight, Alphabet, Heico In Focus

  Indexes faded into the close but still ended with solid gains. But don’t be tempted. One day isn’t enough to change a trend. Still it’s worth noting stocks that are doing well. On the defensive end, Church & Dwight broke...

  
• 04.19.2024

  Bull Market Precedent Breaks Wide Open; Nvidia, SMCI Plunge

  The major indexes suffered significant losses Friday, with the S&P 500 breaking below the key 5,000 level. Last Friday was an expectation breaker, signaling more weakness could follow – and that’s exactly what we got. The bull market precedent of...

  
• 04.18.2024

  Stocks Fade Early Gains; Embraer, Quanta Services, TXRH In Focus

  The Nasdaq composite and S&P 500 extended their losing streaks to five sessions after early gains faded. The Nasdaq held up relatively well despite an earnings sell-off for Taiwan Semiconductor. The 10-year Treasury yield added 5 basis points to around...

  
• 04.17.2024

  Stocks Fall But S&P 500 Holds Key Level; Eli Lilly, Itron, GOOGL In Focus

  The 10-year Treasury yield dropped 7 basis points to around 4.59%, but sellers still hit growth stocks hard. Oil fell 3% to around $82.75 a barrel. Eli Lilly initially popped on positive news but couldn’t hold gains; Itron is setting...

  
• 04.16.2024

  Indexes Hold Below Key Levels; Sea Limited, DraftKings, Datadog Act Well

  The major indexes held their ground despite comments from Fed chief Jerome Powell, but remain below their 50-day moving averages. Some leading stocks had solid sessions, including Sea Limited, DraftKings and Datadog.

  
• 04.15.2024

  Morning Gap Up Doesn’t Last; Atkore, Casey’s, HealthEquity In Focus

  The back-and-forth between Iran and Israel is still putting some pressure on stocks and raising volatility. An early morning gap up faded and then some by the close with few areas left unscathed. Atkore had a nice move higher finding...

  
• 04.12.2024

  Market Breaks Expectations; Coupang, Nvidia, Arista Provide Lessons

  Thursday looked promising, but now we need to readjust our expectations.

  
• 04.11.2024

  Tech Stocks Jump On Tame PPI Data; AVGO, ASML, ABNB In Focus

  Breadth was lackluster again, along with volume, but leading stocks continue to act well. Winners had a slight edge over losers on both exchanges. In the chip sector, Broadcom and ASML are setting up in new bases with healthy RS...

  
• 04.10.2024

  Stocks Head Lower After CPI Report; Axon, ARES, CAVA In Focus

  Sellers hit stocks hard after core consumer prices on a year-over-year basis came in hotter than expected for the fourth straight month. The 10-year Treasury spiked 19 basis points to 4.56%.  Declining stocks outnumbered advancers on the Nasdaq by nearly...

  
• 04.09.2024

  Stocks Await CPI Inflation Report; Nvidia, Royal Caribbean, Nutanix In Focus

  The major indexes didn’t make big moves Tuesday ahead of Wednesday’s CPI inflation report. Nvidia stock slumped Tuesday, undercutting recent lows but finding 10-week line support. Royal Caribbean fell below a recent buy point. But Nutanix is holding up, close...

  
• 04.08.2024

  Indexes Stay In Their Lane While Medpace, Apollo, Exxon Mobil Outperform

  After Thursday’s downside reversal, indexes have stayed within the highs and lows of that day. It sets up a nice lane for the markets but take note when it breaks from its lane. Take extra note of the stocks that...

  
• 04.05.2024

  Stocks Attempt Recovery, But Is A Pullback Coming? Meta, ServiceNow, Celsius In Focus

  After Thursday’s downside reversal and weak recovery attempt on Friday, could a pullback or intermediate correction be in the cards? IBD’s Mike Webster walks through each day’s action and levels he’s watching. We revisit a precedent to see if the...

  
• 04.04.2024

  Stocks Reverse Lower Ahead Of Jobs Report; Saia, CELH, NOW In Focus

  A 1.2% intraday gain for the Nasdaq composite faded to a loss of more than 1% by the close. Oil settled at its highest level since late October, up 1.4% to $86.59 a barrel. Friday’s jobs report is expected to...

  
• 04.03.2024

  Stocks Rally After Sell-Off; Salesforce, XPO, Dexcom In Focus

  Advancing stocks outnumbered decliners on both exchanges by less than 2-to-1. The 10-year Treasury jumped above 4.40% after ADP reported stronger than expected job growth in March. But the 10-year yield backed off highs for the second straight session. Salesforce...

  
• 04.02.2024

  Stocks Bend As Yields Rise; Meta Platforms, Uber, Eli Lilly In Focus

  The 10-year Treasury yield added to Monday’s surge, hitting 2024 highs Tuesday. That pressured stocks once again, though the indexes came off morning lows. Meta Platforms, Uber Technologies and Eli Lilly are finding support around their 10-week lines.

  
• 04.01.2024

  Small Caps Hit As Rates Rise; Wynn Resorts, Hubspot, FWRG In Focus

  The 10-year Treasury yield jumped 13 bps to around 4.33% after manufacturing data in the U.S. and China came in better than expected. The March jobs report also looms large on Friday. Casino operator Wynn Resorts, software firm Hubspot and...

  
• 03.28.2024

  Russell 2000 Hits New High In Quiet Session; TOST, MHO, MLM In Focus

  The 10-year Treasury yield ticked higher ahead of a key report on inflation Friday morning. The stock market will be closed Friday in observance of Good Friday, but the bond market will be open. Winners beat losers on the NYSE...

  
• 03.27.2024

  Small Caps Jump, Breadth Improves; Medpace, Nextracker, BROS In Focus

  Profit-taking hit several top-rated growth stocks as the Russell 2000 small-cap index moved into position for another breakout try. The 10-year Treasury yield fell for the sixth time in seven trading sessions with the latest reading on inflation due Friday....

  
• 03.26.2024

  Indexes Fade Late; Trump Media, ServiceNow, Royal Caribbean In Focus

  The major indexes faded late, but near record highs. Donald Trump stock Trump Media skyrocketed out of a base in its post-SPAC merger debut, but came well off intraday highs. ServiceNow flirted with aggressive entries as several software names set...

  
• 03.25.2024

  Indexes Mark Time But Refuse To Give Up Ground; Arm, Axon And Allstate In Focus

  Even China news suggesting that Chinese chips would be favored over others wasn’t enough to shake this market. The major indexes continued to trade sideways but are making themselves comfortable above prior levels of resistance. It’s still worth sticking with...

  
• 03.22.2024

  Two Familiar Catalysts Fuel Strong Market Week; Uber, Eli Lilly, CrowdStrike In Focus

  The major indexes all hit record highs during the week, fueled by two familiar catalysts: A dovish Fed and AI optimism. Breadth was strong beyond tech with a number of stocks breaking out. Uber, Eli Lilly and CrowdStrike are setting...

  
• 03.21.2024

  Stocks Fade After Strong Start; ARES, DUOL, NBIX In Focus

  The Nasdaq composite rallied 1%, but early gains faded, hurt by a 4% drop for Apple. Small caps outperformed for the second straight session. Reddit had a strong debut after pricing at 34. Financial stocks also outperformed and several gave...

  
• 03.20.2024

  Stocks Soar After Fed Statement; CyberArk, Monday.com, JFrog In Focus

  The Federal Reserve policy statement could’ve been hawkish in light of recent hot inflation data, but it wasn’t. The Fed envisions three rate cuts before the end of the year, in line with market expectations. CyberArk, Monday.com and JFrog continue...

  
• 03.19.2024

  Market Resilient With Fed On Tap; Woodward, Arista Networks, Synopsys In Focus | Stock Market Today

  The market showed resilience, with Nvidia reversing higher. But the Fed rate-hike outlook looms large. Woodward and Arista Networks are setting up near flat-base buy points, with Arista paring solid intraday losses. Synopsys made a bullish move.

  
• 03.18.2024

  Time To Look For Setups In Other Areas? DraftKings, Apollo, Royal Caribbean In Focus

  The Nvidia GTC conference is in full swing but maybe it’s time to look outside of AI? The Nasdaq composite led the day but attention may also shift to March Madness brackets and a setup in DraftKings breaking a downtrend....

  
• 03.15.2024

  Stocks Pause Ahead Of Big News; ServiceNow, Arista, East West Bancorp In Focus

  The key indexes continued to pause or pull back from recent highs, with the Nasdaq and Russell 200 testing the 21-day line. Sideways action could create new buying opportunities, but right now is fueling more fake outs, with ServiceNow and...

  
• 03.14.2024

  Small Caps Hit Hard On Economic Jitters; Alphabet, ARES, MOD In Focus

  The 10-year Treasury yield spiked by 10 basis points to 4.29% after wholesale prices came in higher than expected. February retail sales were also soft as the Nasdaq and S&P 500 marked fresh distribution days. Alphabet moved above its 50-day...

  
• 03.13.2024

  Nasdaq Holds Firm Despite Chip Selling; Microsoft, FCX, Coupang In Focus

  Breadth was slightly negative on the Nasdaq and slightly positive on the NYSE. The 10-year Treasury yield rallied up to a key level near 4.19% ahead of Thursday’s PPI report. Microsoft is basing nicely above its 10-week line; Freeport-McMoRan soared...

  
• 03.12.2024

  Big Techs Lead Major Indexes Higher; ServiceNow, Shockwave, Archrock In Focus

  The major indexes shrugged off a somewhat-hot CPI inflation report on Tuesday, as Nvidia led big-cap techs higher. One of those tech giants, ServiceNow, flashed a buy signal. So did Shockwave Medical, along with natural gas services firm Archrock. But...

  
• 03.11.2024

  Indexes Hold Firm Ahead Of CPI Report; Arch Capital, On, Neurocrine In Focus

  After Friday’s reversal you would expect more weakness but indexes didn’t give up a lot of extra ground. Arch Capital was one of the few breakouts for the day and it isn’t alone in its strength as other insurance stocks...

  
• 03.08.2024

  Nvidia Leads Tech Reversal; Square-Parent Block, XP Flash Buy Signals

  An extremely extended Nvidia reversed lower Friday, taking down other the Nasdaq. Is this a blip or character change for the AI leader? Meanwhile, Square-parent Block and Brazilian brokerage XP flashed buy signals.

  
• 03.07.2024

  Stocks Strengthen Ahead Of Jobs Report; Entegris, On Holding, Cloudflare In Focus

  Winners beat losers on the S&P 500 by more than 2 to 1, but the ratio was less than 2 to 1 positive on the Nasdaq. All eyes will be on Friday’s employment report, which is expected to show February...

  
• 03.06.2024

  Stocks Rebound After Sell-Off; Dexcom, CyberArk, Block In Focus

  Fed Chairman Jerome was on Capitol Hill Wednesday, giving his Semiannual Monetary Report to Congress in front of a House committee. He’ll be in front of the Senate tomorrow ahead of Friday’s jobs report. The Nasdaq composite rebounded after some...

  
• 03.05.2024

  Software Leads Market Slide; Duolingo, PNC Financial, Lennar In Focus

  The stock market retreated Tuesday, with the Nasdaq giving up its Thursday-Friday gains to record highs. Software stocks were big losers Tuesday, including Duolingo. Bank stocks such as PNC Financial continue to do well, while homebuilders like Lennar are holding...

  
• 03.04.2024

  Indexes Pause As Defensive Sectors Lead; BlackRock, Rollins, Samsara In Focus

  While the Nasdaq composite and S&P 500 took a little pause there were still some big movers under the surface. With Super Micro joining the S&P 500 it got a 25% boost but is wildly extended. BlackRock broke out of...

  
• 03.01.2024

  Nasdaq Hits Record High; Taiwan Semiconductor, Tidewater, Confluent In Focus

  The stock market rally had a strong week, with the Nasdaq hitting a record high and small caps moving back above recent highs. That offered buying opportunities for leaders such as Taiwan Semi, but the Nasdaq is already extended again....

  
• 02.29.2024

  Indexes Do Victory Lap Into Close; AMD, Celsius, Duolingo In Focus

  With PCE data coming in as expected, indexes got a strong start. After some slow action midday they really ramped up into the close. AMD got a nice boost breaking out of tight area, Celsius rocked its earnings and put...

  
• 02.28.2024

  Stocks Dip Ahead Of Inflation Data; MakeMyTrip, Cava, ONON In Focus

  The 10-year Treasury yield dipped 4 basis points to around 4.27% as the bond market ponders a “higher for longer” interest-rate scenario for the Fed. Amid some selling in the online travel group, India-based MakeMyTrip is showing strength and support;...

  
• 02.27.2024

  Market Rally Showing Constructive Action; Embraer, AMD, Shift4 In Focus

  The major indexes are pausing at record highs while small caps are running back to two-year best, just what the market rally needs. There aren’t many stocks to buy, though Brazil’s Embraer flashed an early entry. AMD and Shift4 Payments...

  
• 02.26.2024

  Is It Time For A Market Pause? Coinbase, DFH, Google In Focus

  The Personal Consumption Expenditures report is due out on Thursday and earnings are winding down. Is this the time for the market to pause? Bitcoin play Coinbase doesn’t seem to be ready for a pause as it retook a buy...

  
• 02.23.2024

  Market Rally At Record Highs; Lennar, Manhattan Associates, AMD In Focus

  The S&P 500 hit record highs thanks to Nvidia earnings with the Nasdaq almost there. The market rally is already looking stretched again. Breadth has been so-so, though leadership remains robust. Lennar is flirting with a breakout while Manhattan Associates...