Dow Jones futures were somewhat little aboriginal Tuesday, with the archetypal Bitcoin ETF acceptable to debut. Tesla banal is approaching all-time highs, portion tech titans Alphabet, AMD and Nvidia are successful caller bargain areas.
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On Monday, the Dow Jones Industrial Average moved down 0.1%. The S&P 500 roseate 0.3%, portion the Nasdaq led the way, rising 0.8% to extremity astatine league highs.
Among the Dow Jones leaders, Apple (AAPL) rallied 1.2% Monday, portion Microsoft (MSFT) moved up 1% successful today's banal market. American Express (AXP), Goldman Sachs (GS) and JPMorgan Chase (JPM) eyed new bargain points successful the existent rally.
Dow Jones stocks Johnson & Johnson (JNJ), Procter & Gamble (PG) and Travelers Companies (TRV) volition study net Tuesday morning.
Tesla (TSLA) gained 3.2% Monday, extending a triumph streak to six sessions. The EV elephantine is approaching grounds highs.
Among the apical stocks to bargain and watch, Advanced Micro Devices (AMD), Alphabet (GOOGL), CrowdStrike (CRWD) and Nvidia (NVDA) are successful oregon adjacent caller bargain zones.
Advanced Micro Devices, Microsoft and Tesla are IBD Leaderboard stocks. AMD featured successful this week's Stocks Near A Buy Zone story. CrowdStrike was featured successful past week's IPO Leaders column. Nvidia is an IBD SwingTrader stock.
Dow Jones Futures Today: Bitcoin ETF To Debut
Ahead of the banal marketplace unfastened Tuesday, Dow Jones futures fell 0.1% vs. just value, portion S&P 500 futures moved down little than 0.1%. Nasdaq 100 futures edged higher vs. just value. Remember that trading successful Dow Jones futures and elsewhere doesn't needfully construe into existent trading successful the adjacent regular stock market session.
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 35259.01 | -35.75 | -0.10 |
| S&P 500 | (0S&P5) | 4486.39 | +15.02 | +0.34 |
| Nasdaq | (0NDQC ) | 15021.81 | +124.47 | +0.84 |
| Russell 2000 | (IWM) | 225.07 | -0.09 | -0.04 |
| IBD 50 | (FFTY) | 49.55 | +1.07 | +2.21 |
Last Update: 4:24 PM ET 10/18/2021 |
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Bitcoin traded astir $61,300 precocious Monday, rising 2.5% implicit the past 24 hours, according to CoinDesk. On Tuesday, the ProShares Bitcoin Strategy ETF (BITO) — which is linked to Bitcoin futures — volition statesman trading connected the NYSE nether the ticker 'BITO', according to the company.
"BITO volition unfastened up vulnerability to Bitcoin to a ample conception of investors who person a brokerage relationship and are comfy buying stocks and ETFs, but bash not tendency to spell done the hassle and learning curve of establishing different relationship with a cryptocurrency supplier ...," ProShares CEO Michael Sapir said successful a statement.
The Securities and Exchange Commission hasn't formally approved the ProShares Bitcoin Strategy ETF. The SEC whitethorn ne'er officially bash so. But BITO tin statesman trading if the SEC doesn't object.
Among exchange traded funds, Innovator IBD 50 (FFTY) moved up 2.1% Monday. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 1%. And the SPDR S&P 500 ETF (SPY) ascended 0.3%.
Stock Market ETF Strategy And How To Invest
Stock Market Rally
The banal marketplace rally added to Friday's gains with mostly affirmative enactment Monday, though the Dow 30 did adjacent somewhat lower. All 3 large banal indexes — the Nasdaq, the Dow Jones Industrial Average and S&P 500 — are supra their cardinal 50-day benchmarks.
This is an important clip to work The Big Picture.
On Friday, The Big Picture advised, "After Thursday's follow-through, investors should adhd stocks successful measured steps, astatine slightest portion the marketplace builds connected the archetypal push. Remember, the growth-heavy Nasdaq 100 is inactive beneath the 50-day line. Now the question is, wherever to commencement investing? The marketplace enactment has been shifting each year. It presently favors commodities, trucking, energy, financials and a fewer different sectors."
Five Best Dow Jones Stocks To Watch Now
Dow Jones Stocks To Buy And Watch: Amex, Goldman, JPMorgan
American Express is conscionable 1% distant from a 178.90 bargain constituent successful a cup with handle, according to IBD MarketSmith illustration analysis. Shares rallied 0.6% Monday.
Goldman Sachs gained 1.9% Monday, rising person to a 420.86 bargain constituent successful a level base. Meanwhile, JPMorgan is successful the 5% bargain portion past a 163.93 introduction successful a cupful with grip pursuing past week's trial of the 50-day moving average. The 5% bargain country tops retired astatine 172.13.
American Express and Goldman Sachs some person a beardown relative spot line. Strong relative spot lines astatine the commencement of caller uptrends are indicative of imaginable marketplace leaders.
Dow Jones Earnings: J&J, Procter & Gamble, Travelers
Johnson & Johnson, Procter & Gamble and Travelers volition study net up of Tuesday's marketplace open.
J&J is expected to gain $2.36 per stock connected income of $23.7 billion, according to Benzinga. The banal closed Monday sharply beneath its 50- and 200-day moving averages.
Procter & Gamble's net are expected to dip 2% to $1.59 a stock vs. the year-ago period. Revenues are expected to measurement $19.8 billion. P&G banal is warring for enactment astir its 50-day line.
Travelers is expected to gain $1.90 per stock connected income of $8.1 billion. Shares are tracing a level basal that has a 163.39 bargain point.
Stocks To Buy And Watch: AMD, Alphabet, CrowdStrike, Nvidia
IBD Leaderboard banal Advanced Micro Devices is breaking retired past a 114.59 bargain constituent retired of a double-bottom basal and is successful bargain range. AMD banal jumped astir 4% Monday.
According to IBD Stock Checkup, AMD boasts a cleanable 99 IBD Composite Rating. The IBD Composite Rating identifies stocks with a blend of beardown cardinal and method characteristics.
FANG banal person Alphabet extended a triumph streak to 4 sessions Monday, rallying 1%. The banal is backmost supra its 50-day enactment and supra a abbreviated trend line. Meanwhile, shares are approaching a 2,925.17 buy point successful a level base, according to IBD MarketSmith illustration analysis.
Cybersecurity person CrowdStrike is nearing a 289.34 bargain constituent successful a cupful basal aft past week's bullish retake of the 50-day line. Shares were up 4.5% Monday. The banal is an IPO Leader.
IBD SwingTrader banal Nvidia handily reclaimed its 50-day enactment during Thursday's astir 4% advance, placing the spot elephantine successful a caller bargain area. NVDA banal is tracing a consolidation with an authoritative bargain constituent astatine 230.53. The banal rallied 1.65% Monday. Bullishly, the stock's relative spot line is nearing a caller high, reaffirming its enactment status.
Netflix Earnings
Netflix (NFLX) net are owed retired Tuesday aft the close. The FANG leader's net are expected to turn 48% vs. the year-ago play to $2.57 per share. Sales are estimated to emergence 16% to astir $7.4 billion, according to IBD data.
Netflix banal ended Monday retired of the 5% bargain country past a 593.39 bargain constituent successful a consolidation. Shares are conscionable disconnected all-time highs.
Tesla Stock
Tesla banal roseate implicit 3% Monday to 870.11, extending a triumph streak to six sessions and nearing grounds highs. TSLA shares are present comfortably supra a 764.55 bargain constituent successful a cup with handle, arsenic good arsenic earlier entries astatine 700.10 and 730.
The banal closed Monday astir 3% beneath grounds highs. On Jan. 25, Tesla banal deed a grounds precocious of 900.40, aft climbing arsenic overmuch arsenic 93% from a 466 bargain constituent successful a cup-with-handle pattern.
Dow Jones Leaders: Apple, Microsoft
Among the apical Dow Jones stocks, Apple roseate 1.2% Monday aft the company's "Unleashed" merchandise launch. The institution unveiled caller MacBook Pro notebooks, caller AirPods wireless earbuds and a lower-priced tier for its Apple Music service.
Apple shares closed Monday beneath their 50-day line, astir 7% disconnected their 52-week high. A caller level basal is forming that has a 157.36 bargain point, according to IBD MarketSmith illustration analysis.
Software elephantine Microsoft roseate 1% Monday, arsenic the banal moves person to its caller bargain point. A new level base shows a 305.94 bargain point.
Be definite to travel Scott Lehtonen connected Twitter astatine @IBD_SLehtonen for much connected maturation stocks and the Dow Jones Industrial Average.
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