Dow Jones futures were higher Tuesday following Monday's volatile stock market action, as the U.S. relocated its embassy in Ukraine amid the ongoing Russia-Ukraine crisis. Arista Networks and Continental Resources were key earnings movers after the close, while Huntsman will report early Tuesday.
Amid a volatile and struggling stock market rally, BHP Group, Deere, Palo Alto Networks and Stifel Financial are among Monday's top stocks to buy and watch. All four stocks are in or near new buy zones.
On Monday, the Dow Jones Industrial Average ended down 0.5%, while the S&P 500 lost 0.4%. The tech-heavy Nasdaq composite inched lower.
Among the Dow Jones leaders, Apple rose 0.1% Monday, while Microsoft edged lower in today's stock market. American Express, a Dow Jones stock to watch, is in buy range after last week's breakout.
Electric-vehicle leader Tesla rallied 1.8%, snapping a two-day losing streak.
Microsoft, Stifel and Tesla are IBD Leaderboard stocks. BHP was featured in this week's Stocks Near A Buy Zone column. Deere is an IBD SwingTrader stock. Palo Alto Networks was Thursday's IBD Stock of the Day.
Dow Jones Futures Today: Ukraine-Russia Crisis
Ahead of the stock market open Tuesday, Dow Jones futures moved up 1.1% vs. fair value, and S&P 500 futures rose 1.5%. Nasdaq 100 futures were up 2.1% vs. fair value.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 34565.78 | -172.28 | -0.50 |
| S&P 500 | (0S&P5) | 4401.55 | -17.09 | -0.39 |
| Nasdaq | (0NDQC ) | 13790.92 | -0.23 | +0.00 |
| Russell 2000 | 200.70 | -0.68 | -0.34 | |
| IBD 50 | 37.15 | -0.40 | -1.07 | |
Last Update: 4:30 PM ET 2/14/2022 |
||||
Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust rose 0.1% Monday, and the SPDR S&P 500 ETF moved down 0.35%.
The 10-year Treasury yield briefly moved back above 2% Monday before settling at 1.99%. Meanwhile, U.S. oil prices advanced around 2%, as West Texas Intermediate crude traded above $95 a barrel.
On Monday, the U.S. closed its embassy in the Ukrainian capital of Kyiv, relocating to Lviv near the Polish border. Secretary of State Antony Blinken said in a statement, "We are in the process of temporarily relocating our Embassy operations in Ukraine from our Embassy in Kyiv to Lviv due to the dramatic acceleration in the buildup of Russian forces."
Early Tuesday, Russia's Defense Ministry said it had pulled back some troops from near Ukraine. Still, Western officials warned that combat units were moving forward.
Stock Market Rally Struggles
The stock market posted mostly disappointing action Monday, as the Dow Jones Industrial Average and S&P 500 ended squarely lower. Amid the recent volatility, now is an important time to read IBD's The Big Picture column.
Friday's The Big Picture commented, "The distribution-day count since late January remains tame. But more importantly, traders who gained market exposure after a follow-through day on Jan. 31 are now under water. You can call that an expectation breaker."
If you're new to IBD, consider taking a look at its stock trading system and CAN SLIM basics. Recognizing chart patterns is one key to the investment guidelines. IBD offers a broad range of growth stock lists, such as Leaderboard and SwingTrader.
Investors also can create watchlists, find companies nearing a buy point, or develop custom screens at IBD MarketSmith.
Four Dow Jones Stocks To Watch Now
Stock Market Earnings: Arista, Continental,
Arista Networks and Continental Resources provided insight to two very different industries after the close Monday.
Cloud software leader Arista reported strong fourth quarter earnings and sales results, sparking an 8% surge in extended trade. ANET shares found stout resistance at their 50-day line last week, but may be set to reclaim that level on Tuesday if the extended session's gains persist.
Continental, a leading shale oil producer, dropped around 1% late Monday after the company's better-than-expected fourth quarter results. CLR shares ended Monday extended past a cup-with-handle's 53.76 entry.
Chemicals maker Huntsman ended out of buy range past a 34.57 flat-base entry Monday. The company is expected to earn 90 cents per share on sales of $2.16 billion.
Dow Jones Stocks To Buy And Watch: American Express
American Express broke out past what IBD MarketSmith chart analysis plotted as a cup-base buy point at 189.13 and is in the 5% buy range that tops out at 198.59. AXP stock traded up 0.3% Monday.
Bullishly, the stock's relative strength line is at new highs, indicating significant stock market outperformance.
3 Top Growth Stocks To Buy And Watch In The Current Stock Market Rally
Stocks To Buy And Watch: BHP, Deere, Palo Alto, Stifel
Mining giant BHP Group fell further below a cup-with-handle entry at 69.66 following Monday's nearly 1% descent, according to IBD MarketSmith chart analysis. The relative strength line continues to ascend but remains far from its old highs, so that's a technical metric to watch.
IBD SwingTrader stock Deere is just below a cup-with-handle's 388.20 buy point after last week's breakout move. The 5% buy zone goes up to 407.61. Shares dropped 1.4% Monday.
Thursday's IBD Stock Of The Day, Palo Alto Networks, is moving up the right side of a consolidation with a 572.77 buy point. Shares rebounded from Friday's sharp losses, moving up 2.1% Monday and ending just below the 50-day line. The cybersecurity leader will report earnings on Feb. 22, so an early breakout move will carry more risk.
IBD Leaderboard stock Stifel Financial fell further below its 78.70 buy point in a consolidation following Monday's 1.6% drop. Its RS line hit a new high last week.
Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live
Tesla Stock
Tesla stock climbed 1.8% Monday, recovering a part of Friday's 4.9% fall. On Monday, the China Passenger Car Association said Tesla sold 59,845 China-made vehicles in January, down from December's 70,847 vehicles.
The stock is again approaching its long-term 200-day line after finding support there previously in late January. Tesla shares remain sharply below their 50-day moving average. There is no proper entry in sight, as the stock continues to consolidate.
The stock traded as high as 1,243.49 on Nov. 4, but ended Monday about 30% off that all-time high.
Dow Jones Leaders: Apple, Microsoft
Among Dow Jones stocks, Apple stock reversed from early losses to move up 0.1% Monday, but remains below its key 50-day moving average line. A new consolidation shows a buy point at 183.04, but a decisive move above last week's high of 176.65 could be an early entry for aggressive investors.
Software leader Microsoft edged lower Monday, as the top Dow Jones stock looks for support around its long-term 200-day line.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
