The Dow Jones Industrial Average rose on Friday morning and aims to add to Thursday’s strong rise as the young stock market rebounds. Treasury yields continued to rise, but US oil expanded losses and traded at around $ 110 per barrel.
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Tesla rivals before Friday’s opening Nio (NIO) reported higher-than-expected losses in the fourth quarter, but earnings growth was slightly higher than expected. Nio shares fell 7% in the morning trading. Shares on Thursday fell 60% from a 52-week high.
Tesla (TSLA) rose 0.2% at the beginning of Friday and was added to the rise on Thursday.
Among the Dow Jones stocks Apple (AAPL) lost 0.3%, Microsoft (MSFT) fell 0.1% in today’s stock market. UnitedHealth (UNH), the notable Dow Jones stock closed in the buying range on Thursday after a recent breakout.
IBD leaderboard stocks as the stock market continues to rise Arista Networks (ANET), Broadcom (AVGO), Alpha & Omega Semiconductor (AOSL), Globalfoundries (GFS) and CVS health (CVS) is one of the top stocks to buy and monitor on Friday.
Arista, Microsoft and Tesla are IBD leaderboard stocks. Arista was also the IBD50 Stocks To Watch pick on Tuesday. And Broadcom was featured in this week’s Stocks Near ABuy Zone column.
Dow Jones Today: Treasury Yields, Oil Prices
After the opening of the market on Friday, the Dow Jones Industrial Average rose 0.2% and the S & P 500 rose 0.15%. The high-tech-heavy Nasdaq Composite index rose in the morning trading.
Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.2% after its opening on Friday.
Following Thursday’s closing price of 2.34%, Friday’s 10-year Treasury yield rose to 2.39%. US oil prices widened losses on Friday morning as West Texas intermediate crude oil traded for less than $ 110 a barrel.
As the European Union aims to reduce Russia’s reliance on natural gas, the United States has promised to increase shipments of liquefied natural gas to Europe. The United States aims to ship 50 billion cubic meters of LNG annually to Europe until at least 2030, officials said Friday, an increase from the record 22 billion cubic meters of LNG purchased from the United States last year. ..
Stock market rally
The stock market recorded a strong rise on Thursday as the Nasdaq Composite rose nearly 2%. See IBD’s The Big Picture column for a daily stock market commentary.
Thursday’s big picture column said, “Chip giants and IBD leaderboard stock Nvidia have jumped nearly 10% in the rally. Leaderboard commentary shows that Nvidia has crossed the trendline entry point of 272.38. After soaring, it was raised to three-quarters of the size. It can run up to 286. “
If you are new to IBD, consider reviewing its stock trading system and the basics of CANSLIM. Recognizing chart patterns is one of the keys to investment guidelines. IBD offers an extensive list of growth stocks such as Leaderboard and SwingTrader.
Investors can also create watchlists, find companies approaching their buying points, and develop custom screens in IBD Market Smith.
4 Dow Jones Stocks to See Now
Dow Jones Stocks to Buy and Monitor: UnitedHealth
Managed care giant UnitedHealth shows a 500.10 buy point with a handle entry on the double bottom base. Shares held in the purchase range beyond that entry after a 2% rise on Thursday. UNH’s share price was flat at the beginning of Friday.
Bullishly, the relative strength line of stocks is close to the new highs, indicating significant stock market outperformance.
Four Top Growth Stocks to Watch Nowrent stock market rally
Stocks to buy and watch: Arista, Broadcom, GlobalFoundries, CVS
Arista Networks, a IBD SwingTrader stock, is in the birange above the double-bottom 133.97 buypoint, following a 4.9% rise on Thursday. Shares rose 0.1% at the beginning of Friday.
Chip giant Broadcom rose 4.5% on Thursday, surpassing early entry at 614.74. Stocks are on the right side of the new cup base. A good purchase point for cup base is 677.86. AVGO stocks rose 0.3% on Friday morning.
According to IBD MarketSmith chart analysis, chip leader Alpha & Omega Semiconductor is out of the 5% purchase range, which reached the top at 62.45, following a 8.4% surge on Thursday. AOSL shares rose 0.3% at the beginning of Friday.
GlobalFoundries, the IPO Stock of the Week last week, has surpassed the cup-based 73.35 buypoints after rising nearly 9% on Thursday. The purchase area goes up to 77.02. GFS shares rose 1.4% on Friday morning.
The recent IBD Stock Of The Day CVS Health continues to build a flat base with 111.35 buypoints. CVS shares fell nearly 1% on Friday morning.
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Tesla stock
Tesla’s share price rose 0.2% at the beginning of Friday, aiming to extend its eight-day streak. The stock has decisively regained its 50-day line this week as it moves up on the right side of the cup base with a buypoint of 1,208.10. Look for potential handles to provide the best buypoints for your risk.
The stock traded at a high of 1,243.49 on November 4, but closed on Thursday at about 18% off the previous high.
Dow Jones Readers: Apple, Microsoft
Among the Dow Jones stocks, Apple stocks rose 2.3% on Thursday, extending the winning streak to eight sessions. The stock is above the 50-day line and is approaching the double-bottomed 176.75 buypoint. AAPL shares fell 0.3% at the beginning of Friday.
Software leader Microsoft rose 1.5% on Thursday and stocks regained the 200-day line. Microsoft stocks fell 0.1% on Friday morning.
Follow Scott Lehtonen on Twitter. @IBD_SLehtonen For more information on growth stocks and the Dow Jones Industrial Average.
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