Finance

Futures rise: Apple valued at $3 trillion; big news on artificial intelligence is about to be released


Dow Jones futures edged higher overnight, as did S&P 500 futures and Nasdaq futures. MongoDB (MDB) and toll brothers (Thor) was the headline news after the close, ahead of an AMD artificial intelligence event set to take place on Wednesday.




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The gains in stocks were mixed, even as U.S. Treasury yields continued to slide on weak jobs data. Large-cap stocks outperformed, while small-cap stocks lagged. apple (AAPL) broke out, and the valuation returned to over $3 trillion. amazon.com (Amazon) recycled buy some. Nvidia (NVDA) and Tesla (Tesla) rebounded from the 50-day line. Microsoft (Microsoft Corporation) rose slightly within the buy zone.

MongoDB (MDB), Asana (ASEAN), health equity (Huaqingyuan), toll brothers (Thor), Sentinel One (S) and aviation environment (AVAV) reported Tuesday night.

early Wednesday, Ollie’s Bargain Store (Ollie) will release quarterly financial data.

Advanced Micro Devices (AMD) will hold an Advancing AI event on Wednesday morning. It is expected to officially launch the MI300 data center GPU to expand competition with Nvidia. AMD shares fell 0.2% to 118.38 on Tuesday, below the 21-day line. While the 122.11 cup-handle buy point is still technically valid, investors should probably use the November 29 high of 129.73 as the new handle entry point.

Amazon stock, Microsoft and Nvidia stocks all rising IBD rankings.Apple stock and Nvidia stock were added to swing trader Tuesday. MSFT stock at IBD Long-Term Leader Nvidia stock, SentinelOne, MongoDB and Microsoft all made the list. IBD50.Microsoft and MDB stocks in IBD Large Cap 20.

Apples are on Tuesday Daily IBD Stock.

The video embedded in the article recaps Tuesday’s market action and combines shares of Apple stock, Amazon, and Nvidia.

Dow Jones Futures Today

Dow Jones futures rose 0.2% from fair value, S&P 500 futures rose 0.25%, and Nasdaq 100 futures rose 0.45%.

The 10-year Treasury yield edged up to 4.19%.

Remember what you did that night Dow Jones Futures and other places that won’t necessarily translate into actual transactions on the next regular basis stock market Meeting.

main profit

MDB stock fell sharply in overnight trading, showing it fell below its recent buy point. MongoDB earnings crush opinion MongoDB shares rose 2.5% to $433.67 on Tuesday, just out of the buy zone of a cup-and-handle base.arrive Market Smith AnalysisThe official buying point is 412.67.

ASAN stock tumbled on a longer-term move, although Asana also broke above the view and guided higher, suggesting it’s back below buy territory. Shares rose 2.2% to 23.31 on Tuesday. Asana stock cleared a 22.13 handle buy point on Friday.

HQY stock was little changed overnight after HealthEquity earnings beat third-quarter views. Shares of Health Savings Account Manager fell 4 cents to 69.02 on Tuesday, just below their 50-day line. HealthEquity stock is trading from a 13-month buy point of 76.62 Cup with handle A decisive move above the 50-day line could provide an early entry opportunity.

TOL shares edged higher in late trading Luxury homebuilder tops list of profitability views and gave solid first-quarter and 2024 fiscal guidance. Toll Brothers stock closed flat at 87.21. This is a slight stretch from the handle cup buy point of 82.39, but within range of the shelf entry of 87.12.

SentinelOne stock surges in long-term trade, boding well for future Cybersecurity firms report smaller losses than expected Revenue grew 42%. SentinelOne also guided for higher fourth-quarter revenue. Shares fell 1.2% to 20 on Tuesday, but have been rising to the right of the 43% depth bottom, with a buy point of 21.95. The controversial S shares entered the market at around 18:00 in early trading.

AVAV stock edged higher overnight after strong earnings from AeroVironment. Shares of the drone maker edged up 0.8% to 141.23 after hitting a new intraday high on Monday. AVAV stock extends from a buy zone.


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Stock market rebounds

Stock market gains were mixed, with large-cap stocks supporting the major averages and small-cap stocks retreating.

The Dow Jones Industrial Average fell 0.2% on Tuesday stock market tradingThe S&P 500 fell slightly and the Nasdaq rose 0.3 points.

The Dow Jones held at its 52-week high, while the S&P 500 and Nasdaq were just below their 52-week highs.

While the overall trend remains positive, it’s not a good day for market breadth. Losers outnumbered winners on the New York Stock Exchange by a ratio of 2 to 1, and nearly the same on Nasdaq.

The small-cap Russell 2000 index fell 1.4%, after rising 2.9% on Friday and rising 1.1% on Monday.

Invesco S&P 500 Equal Weight ETF (RSP) fell 0.8%, significantly lagging the S&P 500.

First Trust Nasdaq 100 Equal Weight Index ETF (QQ) fell 0.6%, but off its lows. The Nasdaq 100 rose 0.25%, boosted by shares of Apple, Amazon, Nvidia, Tesla and others.

The leading stocks performed well overall, while the declining sectors mostly just paused in the upward trend, with the exception of the oil and gas sector.

U.S. crude oil prices fell 1% to $72.32 a barrel.

The 10-year Treasury yield plunged 11.5 basis points to 4.17%, a three-month low. The probability of the Fed cutting interest rates in March is now over 65%, compared with about 35% a week ago.

ETF

Among growth ETFs, iShares Expanded Tech-Software Sector ETF (IGV) closed just below the breakeven point. Microsoft stock is a huge holding by IGV, and SentinelOne is also in the fund. VanEck Vectors Semiconductor ETF (SMH) remains unchanged. NVDA stock is SMH’s largest holding, with AMD also a significant component.

The ARK Innovation ETF reflects stocks with more speculative stories (alke) fell 0.9%, while ARK Genomics (arkg) fell 3.25%. Tesla stock is the top holding of the ARK Invest ETF.

SPDR S&P Metals & Mining ETF (XME) fell 2.5%, with the Global X U.S. Infrastructure Development ETF (pave) gave up 1.1x%. American Global Jet (Jeters) fell 1.55%. SPDR S&P Homebuilders ETF (Xin Hong) fell 0.5%, TOL stock became a member of XHB. Energy Select SPDR ETF (XLE) fell 1.75%, with the Healthcare Select Sector SPDR Fund (XLV) fell slightly by 0.1%.

Industrial Select Sector SPDR Fund (XLI) fell 0.8%. Financial Select SPDR ETF (XLF) dropped 0.5%.


Tesla vs. BYD: Electric car giants compete for the crown, but who is more worth buying?


giant stocks

Large-cap stocks, which have paused or pulled back over the past few weeks, posted gains on Tuesday.

Apple shares rose 2.1% to 193.42, clearing the 192.93 cup-and-handle buy point. AAPL stock closed at a valuation of $3.008 trillion, returning to the $3 trillion level. Apple iPhone maker Foxconn on Tuesday raised its fourth-quarter revenue outlook after reporting strong November results.

Amazon shares rose 1.4% to 146.88, rebounding from the 21-day line and regaining the 145.86 buy point.

Tesla shares rose 1.3% to 238.72, rebounding from the 50-day line and ending a four-day losing streak. The stock price retreated from an intraday high of 246.66 points. The electric vehicle giant’s stock price is 278.98 points. double bottom Buying point, but investors can use the November 29 high of 252.75 as an early entry point.

On Tuesday, weekly electric vehicle registration data showed Tesla China sales continue to grow, possibly helped by the updated Model 3. The EV giant has recently offered some incentives in China, but they are relatively modest given the intense EV price war there. On the other hand, weak sales in Germany could cool Tesla stock’s enthusiastic afternoon on Tuesday.

Nvidia shares rose 2.3% to 465.66 on Tuesday, off its 50-day line after three consecutive days of losses. The 476.09 double bottom buy point remains valid, but NVDA stock must first break above the 21-day line. Nvidia may be working on new integrations. Volume was slightly below average after several high-volume declines over the past few weeks.

Wednesday’s AMD AI event is important for Nvidia, which has dominated the AI ​​chip business so far.

MSFT shares edged up 0.9% to 372.52. On Monday, shares traded below the 366.78 base buy point, but ultimately closed above that entry point and the 21-day moving average. Microsoft shares are 7.4% above their 50-day moving average, a trend that is no longer continuing after first surpassing that key level by 11% on November 10.


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what to do now

Although on Tuesday, the stock market rebound still looked healthy, market breadth improved.

There are some stocks flashing buy signals, but investors may just want to hold on while the major indexes and some leading stocks consolidate. If they haven’t done so already, investors can take profits in the expansion stock after November’s big rally. But this depends on situational risk exposures and concentrations and your personal investing style.

Stay tuned for the watch list. Make sure to screen well beyond growth stocks, as growth in several other sectors has accelerated as well.

read overall view Stay up to date with market direction and leading stocks and industries every day.

Follow Ed Carson on X/Twitter: @IBD_ECarsonThe thread is located at @edcarson1971 With the blue sky @edcarson.bsky.social Get stock market updates and more.

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