The Dow Jones Industrial Average closed higher on Monday. Trump’s media and technology (DJT) significantly outperformed major benchmarks. tesla (TSLA) Soars amid CEO Elon Musk’s boast, but fellow members of the Magnificent Seven alphabet (GOOGL) and meta platform (META) fell on the stock market today. And famous investor Cathie Wood invested in diving AI stocks.
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On the other hand, the following three notable stocks are in difficult situations near their entry points. howmett aerospace (HWM), broadcom (AVGO) and stride (LRN).
Stock market today: Nasdaq rises, Paramount CEO exits
Stock prices looked to extend last week’s gains and shrugged off some volatility to close in positive territory. The Nasdaq Composite rose 0.4%. SiriusXM (SIRI) was up 5% and doing well here.
The S&P 500 also struggled to come out of the negative market, posting a 0.3% gain. albemarle (ALB) did well here, up 7.6%. domino pizza (DPZ) soared 5.6% after beating earnings.
paramount global (PARA) also rose 2.9%, outperforming the benchmark index. It has been reported that CEO Bob Bakish will resign as merger talks progress. He will be replaced by three executives. According to MarketSurge analysis, Paramount stock is above its 50-day moving average but below its 200-day line.
S&P 500 sectors ended the day mostly positive. Consumer goods and utilities rose the most. Telecommunications services and finance were the only sectors to close in negative territory.
Small-cap stocks outperformed, with the Russell 2000 up 0.7%. In the stock market on this day, the Innovator IBD50 (FFTY) exchange traded fund rose 0.2%.
U.S. Treasury yields fell ahead of the next Fed meeting starting Tuesday. The 10-year Treasury note fell 6 basis points to 4.61%, and the 30-year fell 5 basis points to 4.73%. The five-year bond yield fell five basis points to 4.64%, and the two-year bond yield fell three basis points to 4.98%.
Today’s Dow Jones: Apple shares soar, Boeing soars
The Dow Jones Industrial Average rebounded toward the close, finishing 146 points higher. This corresponds to an increase of 0.4% for him.
Apple soared after Mr. Bernstein drove the stock to outperform the market. Analyst Toni Sacconaghi argued that concerns about a weakened China may be overdone. He believes that “China’s pervasive weakness is more cyclical than structural.”
The stock closed up 2.5%. According to MarketSurge chart analysis, it has now regained its 50-day moving average.
boeing However, the Dow Jones index (BA) fared slightly better, rising 3.8%. caterpillar (CAT) and amgen (AMGN) was also a top performer in the Dow.
intel (INTC) fell 1.6% to a slow start, ending at the lowest price of the day. united health (UNH) was also a laggard, down 1.3%.
Cathie Wood expands her diving stock
Cathie Wood, CEO of ARK Invest, is never afraid to raid her piggy bank when she sees an opportunity to buy promising stocks after a sell-off.
And she was at it again on Friday, picking up more than 100,000 shares. Palantir Technologies (PLTR) ARK Autonomous Technology & Robotics (ARKQ) Exchange Traded Fund. Palantir stock rose 1.4% on Monday.
Palantir stock, seen as a play on artificial intelligence, tends to have wildly volatile prices. It has fallen 26% from its March 7 high of 27.50. It remains below the important 50-day line as it consolidates, and the high to the left of the 27.50 pattern serves as a potential buy point.
Unlike some stocks favored by star fund managers, Palantir has continued to perform well this year. As of 2024, it has increased by nearly 33%. It also has an impressive overall rating of 98.
Palantir recently won a $178 million U.S. Army contract for Project Titan, an artificial intelligence-powered battlefield system.
Other moves made by the adventurer Wood include: Roku (Roku) and meta platform (META) For ARK Innovation ETF (ARKK).
However, while buying what appears to be a bargain is an attractive proposition, it can often result in losses for investors. Investor’s Business Daily recommends buying stocks with strong earnings and stock performance. Look for strong industry leaders that are demonstrating superior revenue growth and sales. IBD 50 is a rich hunting ground for such problems.
Donald Trump stocks soar, reclaiming major indexes
The roller coaster ride continued for Trump Media & Technology investors. The stock rose 12.4% on Monday.
This allowed Trump Media stock to close above its key 50-day moving average. The stock is now up nearly 50% from its April 16 low of 22.55, with the 200-day line providing buying support.
The stock’s trading volume has continued to rise over the past few sessions and is at a high level. Despite this, the IBD overall rating remains low at 40 out of 99 points.
The stock appears to have had some success since executives moved to take on short sellers. The company advised shareholders on how to prevent them from lending their shares to traders who had bet that the stock would fall.
Trump Media CEO Devin Nunes last week asked several House committees to investigate whether there was any naked short selling of the company’s stock. This is when the seller short sells an asset without securing the right to own, borrow, or borrow the asset.
When a short squeeze occurs, it can cause asset prices to rise rapidly.
Stock market today: Tesla soars, Elon Musk boasts about AI
Tesla shares continued to soar on the stock market today after it was revealed that the company had signed a deal that would pave the way for the company to bring fully autonomous driving capabilities to China.
Tesla will roll out self-driving services based on mapping and navigation features provided by Chinese tech giant Baidu (BIDU).
Wedbush Securities analyst Dan Ives welcomed the move after CEO Elon Musk visited China over the weekend. Ives called the visit a “home run.” He has a price target of 275 and an outperform rating on Tesla stock.
As if that wasn’t enough, Musk also took to his social media platform X to boast about the electric car giant’s efforts in artificial intelligence.
“Tesla plans to spend about $10 billion this year on a combination of training and inference AI, the latter used primarily in cars.” Mr Musk wrote. “Companies that spend at this level and don’t execute efficiently can’t compete.”
Tesla stock closed the day up 15.3%, a strong move given its market capitalization of more than $600 billion. It has again surpassed the 50-day moving average.
The stock’s relative strength line has also turned higher following recent declines, but there is plenty of room to make up for it. Tesla stock has fallen nearly 22% since the beginning of the year.
It was Tesla’s biggest gain since March 9, 2021, when it rose 19.6%, according to FactSet data.
Magnificent Seven: Meta Stock, Alphabet Fall
Beyond Tesla, other stocks in the Magnificent Seven were in a mixed bag at the beginning of the new week.
Nvidia (NVDA) struggled to get out of negative territory and ended the session flat. The AI trend has formed a new consolidation and is trading near the 50-day line. It is a member of the Investors Business Daily Leaderboard’s Top Stocks list.
Google’s parent alphabet (GOOGL) was the biggest laggard, dropping 3.4%. After rising significantly in response to last week’s results, some of the gains have been absorbed.
meta platform (META) continued to struggle following last week’s disappointing quarterly report, declining 2.4%.
microsoft (MSFT) ended the day down 1%. Amazon.com (AMZN) rose 0.8%.
Outside of the Dow Jones: I-Entry for 3 stocks
As stock market performance improves, investors should focus on stocks holding near buy points.
Howmet Aerospace is nearing a flat base entry of 69.55 on the stock market today. Its relative strength line is approaching new highs. The stock just regained its 50-day moving average, which is a positive sign. Best possible, he has an IBD overall rating of 99.
The company is scheduled to announce its financial results on Thursday, so it’s a stock to keep an eye on for now. The approach that IBD emphasizes is the use of options as a strategy to reduce risk regarding returns.
Broadcom formed the second stage double bottom foundation. According to MarketSurge analysis, the ideal entry point here is 1,403.98.
Stride is another stock to keep an eye on as it burns through its profits after building towards a buy point. The educational play is about to reach an early integrated entry of 69.70.
Volume rose significantly after last week’s earnings announcement. Earnings rose 23% to $1.60 per share, and sales rose 11% to $521 million.
Stride stock has an overall rating of 97 and a B+ Accumulation/Distribution Rating reflecting recent institutional buying. In total, 71% of the shares are held by funds.
Follow Michael Larkin on X, formerly known as Twitter. @IBD_MLarkin For a detailed analysis of growth stocks.
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