Dow Jones Futures: The stock market rally is at all-time highs on Apple, Amazon and Google, but growth has a bad day
Dow Jones futures rose late Monday, along with S&P 500 futures and Nasdaq futures. The stock market rally saw record highs on major indices led by major companies an Apple (AAPL), Microsoft (MSFT), Amazon.com (AMZN), Google parent the alphabet (GOOGL) And the The social networking site Facebook (FB), And masking weaknesses in the high-octane growth names.
Apple, Microsoft, Amazon.com, and Google all boast a trillion dollar valuation, while Facebook stock is the fifth largest S&P 500 component at $ 789 billion. Apple has blown up with so many early entries and it’s almost official level Point purchase. Microsoft, Amazon, and Google stocks are all executable.
In addition to megacap technologies such as Apple, Amazon, Microsoft, Google, and Facebook, many other big companies have performed well, including C. B. Morgan Chase (JPM), Walt Disney (Dis), visa (Fifth) And the Master Card is a credit card (MA). JPMorgan stock is in buy territory, and Disney is trying to clear a short merger while Visa and Mastercard are releasing early entries.
All of these stocks are in the S&P 500 Index. Apple, Microsoft, Disney, JPMorgan, and Visa stocks are also a component of Dow Jones.
Apple and Microsoft Stock are up and running IBD Leaderboard. Amazon stock is running SwingTrader. Microsoft and Mastercard stocks are Long-term leaders of IBD. AMZN stock is located at IBD 50.
Why simplify this IBD tool burntthe classroom For the highest stock
Dow Jones futures today
Dow futures rose 0.3% against fair value. S&P 500 futures rose 0.3% and Nasdaq 100 futures rose 0.2% above fair value.
The House approved a bill to increase direct checks for the stimulus package for adult Americans to $ 2,000 from $ 600. It is unclear what the Republican-led Senate will do.
Remember to work on overnight Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.
Join IBD experts as they analyze executable stocks in the stock market up on IBD Live.
The number of Coronavirus cases worldwide has reached 81.65 million. The death toll from Covid-19 has passed 1.78 million.
The number of Coronavirus cases in the United States reached 19.77 million, with the number of deaths exceeding 343,000.
The UK is likely to approve an AstraZeneca vaccine for the coronavirus on Tuesday, which will help speed up the immunization process. The UK has already administered the Pfizer and BioNtech vaccines for several weeks.
AstraZeneca (AZNCEO Pascal Suriot said Sunday that new data will show the vaccine is as effective as Pfizer and modern (MRNAVaccinations that protect about 95% of patients. Moreover, the vaccine is 100% effective in preventing serious cases of Covid, which is what Moderna vaccine has also shown.
Previous studies have shown that the AstraZeneca vaccine is, on average, 70% effective, but Syriot told the Sunday Times, „We have come up with the winning formula,” but he did not provide further details.
AstraZeneca vaccine is much easier and cheaper to make Pfizer and Moderna RNA-based vaccines, especially key to developing countries.
AstraZeneca may not seek FDA approval for several weeks, until the late-stage trial ends in the United States.
AstraZeneca shares rose 1.8% on Monday. Pfizer shares fell 1.2%, while BioNTech and Moderna each lost more than 9%.
The stock market rises
The stock market rally saw a strong day, with all major indices reaching record levels, after President Trump signed the stimulus bill into law after threatening to veto it.
The Dow Jones Industrial Average rose 0.7% on Monday Stock market trading. The S&P 500 index advanced 0.9%. The Nasdaq Composite Index rose 0.7%.
Meanwhile, many high-growth stocks have had a tough session.
The mobile home (CVNA) It fell 8.5%, nearly getting close to a breakout at Monday’s low. Trade office (TTDIt’s down nearly 11%, breaching the 21-day streak. China EV stock Xpeng (XPEVIt’s down 9.2%, below the 50 day streak for the first time ever. Shopify (a store6.4%.
between the The best ETFs, The Innovator IBD 50 ETF (fifty(Down 1.75%, while IBD Breakout Opportunities ETF)fit2. iShares Expanded Tech-Software Sector ETF lost.IGVIt’s down 1.4%, even with Microsoft shares the most in the decade. (VanEck Vectors Semiconductor Foundation)SMHDecreased by 0.2%.
an Apple The stock rose 3.6% to 136.69, taking its monthly gain to nearly 15%. This is a record close and just below the September 2 high of 137.98, with Point purchase 10 cents above that. AAPL stock has already filtered many early entries and is now extended, but a traditional breakout may come soon. The Relative strength line As for Apple’s stock, it has almost risen to a new high as well. The RS line, the blue line in the provided charts, tracks the stock’s performance against the S&P 500.
Microsoft shares rose 1% to 224.96, the highest close since September 2 and moving above the trend line. Shares have already rebounded up from the 10-week streak during the previous several sessions. The other alternative entry for the MSFT stock would be 228.22. The official buy point is 232.96, according to MarketSmith Analysis.
Amazon The stock rose 3.5% to 3,283.96, bouncing off its 10-week streak and shedding some short-term resistance. It also broke a short trend line starting from the October 12th high at 3496.24. This + 10 cents rally would be another early entry, with 3,552.35 official buy points.
Google stock rose 2.3% to 1,773.96, rebounding from the 10-week streak and recovering 21-day exponential moving average. It returned strongly above the previous buying point at 1.726.20, while it started building the right side of the new consolidation.
Facebook stock rose 3.6% to 277, beating the 50-day streak. The RS FB stock streak reached a five-month low on Christmas Eve.
JPMorgan stock faded from intraday highs but is still up 0.7% at 125.34. This is in a range from the 123.60 handle entry into a long and deep consolidation. The RS JPM stock streak has improved for several months but is still far from its December 2019 peak. The $ 30 billion repurchase plan triggered the collapse of the JPM stock last week, also supported by higher Treasury yields and widening Treasury spreads.
Visa Stock, Mastercard Stock
Visa shares rose 1.9% to 212.63 while Mastercard rose 2.5% to 344.47. They have both bounced off their 10 week streaks and ditched the short trend lines. She has a visa Flat base With 217.75 buy points, although investors could treat that as a handle inside the consolidation going back to September 2. For the MA stock, investors can see 357.10 as an entry handle in the consolidation. RS lines of Visa and Mastercard stocks have declined modestly for several months, but that came after long periods of outperformance.
Disney shares rose nearly 3% to 178.86, briefly spending a short consolidation period at 179.55. That’s after jogging at the start of November. Investors are optimistic about the future of broadcasting on Disney + while also looking to a post-pandemic world where the theme parks and cinemas can completely reopen.
Stock market trading?
Over the past several weeks, growth investors have grown accustomed to the strong gains in their holdings while the major indices have moved slightly higher. This reflected big-cap technologies like Amazon stocks which are moving sideways or rising more slowly than the broad market, with the notable exception of Apple. On Monday, the stock market rally reversed the shift, as tech giants and other large corporations cemented strong gains in major indices as growth and speculative names slumped.
Big-cap tech companies have been out of favor for a few months, while the financial sector has had a tough 2020. Perhaps it is time for these slow-moving but strong market performers to make new headway, while the names of growth – especially Coronavirus or Coronavirus – friendly stocks – take a breather. But is this the beginning of a long-term turnover or just a pause in the growth stocks?
The short week after Christmas will make this hard to tell. Also, some investors may be taking profits now, and expect to sell after January 1 as investors can sell the big winners without paying out the capital gains for another year.
But if you start trying to explain why your stocks are down by guessing that investors are speculating that other investors will sell in the new year, you can speak for yourself from prudent portfolio management.
If the stock is faltering on the sell or profit-taking rules, do not guide, be decisive. If your portfolio takes a big hit, you will probably want to reduce holdings on a larger scale, while keeping full positions in a few of the underlying holdings.
Read The Big Picture Every day to keep up with the market trend, stocks and leading sectors.
Please follow Ed Carson on Twitter at IBD_ECarson Stock market updates and more.
You may also like:
Today stock IBD has returned to the buying area after the call was closed
Best growth stock to buy and monitor
IBD Digital: Open IBD’s premium stocks, tools, and analytics today
Find the best long-term investments with IBD’s long-term leaders
„Creator. Amator de cafea. Iubitor de internet. Organizator. Geek de cultură pop. Fan de televiziune. Mândru foodaholic.”