These seven stocks are riding a huge profit wave; what to do

Dow Jones futures were slightly lower Sunday night, as were S&P 500 futures and Nasdaq futures, heading into a big week of earnings economic news.


Stocks continued to rise last week, with the Dow Jones and S&P 500 hitting record highs on Friday, but the Nasdaq struggled to gain ground after midday on Wednesday.

apple (AAPL), Microsoft (Microsoft Corporation), meta platform (Mehta), Google parent company letter (Google), (Amazon), Advanced Micro Devices (AMD) and Novo Nordisk (NVOCC) will dominate the headlines for a tsunami of earnings in the coming week, with Microsoft undoubtedly being the most important.

Meanwhile, the Federal Reserve will meet from Tuesday to Wednesday. Policymakers won’t take any action but could hint at when the Fed might start cutting interest rates. The market believes that cutting interest rates in March is a difficult decision. This is also a busy week for economic data, including December’s jobs report on Friday.

Still, investors may want to wait until a substantial amount of news breaks before significantly increasing their exposure.

Meta and NVO stocks are now online IBD rankings.MSFT stock is now online swing trader and IBD Long-Term LeaderGoogle stock, Meta, Microsoft and Novo Nordisk are all in IBD50. Meta stock and Google are both there IBD Large Cap 20.

Dow Jones Futures Today

Dow Jones futures fell 0.25% from fair value, S&P 500 futures fell 0.3%, and Nasdaq 100 futures fell 0.3%.

The 10-year Treasury yield fell to 4.13%.

Crude oil futures rose 1%.

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.

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Stock market rebounds

The stock market rally capped off another strong week of gains, with the Dow Jones Industrial Average rising 0.65% last week stock market tradingThe S&P 500 rose 1.1%. The Nasdaq rose 0.9% but ended in the lower half of its weekly range.

The small-cap Russell 2000 index rose 1.75%, ending a four-week decline.

Invesco S&P 500 Equal Weight ETF (RSP) exceeded 1.1%, close to the high in the past two years.

First Trust Nasdaq 100 Equal Weight Index ETF (QQ) rose 0.5%, almost breaking through a record high.

Tesla (Tesla), humana (snort) and Intel (International Trade Centre) plummeted amid tough guidance. But the upside is that this somewhat dampens earnings expectations for the week ahead.

That helped cool down the Nasdaq, which had been extending Wednesday morning. At Friday’s close, the index was 5.2% above its 50-day moving average, which is no longer extended, but far from it.

The 10-year Treasury yield rose 1 basis point to 4.16%, but rose above the 50-day slide line.

U.S. crude futures rose 6.5% to $78.01 a barrel, a two-month high.


Among growth ETFs, iShares Expanded Tech-Software Sector ETF (IGV) rose 1.2%, of which Microsoft is a huge component. VanEck Vectors Semiconductor ETF (SMH) rose 0.6% but closed nearer the weekly low. AMD is SMH’s major holding.

SPDR S&P Metals & Mining ETF (XME) rose 1.15% last week. US Global Jets ETF (Jeters) jumped 5.6%. SPDR S&P Homebuilders ETF (Xinhong) fell 1%. Energy Select SPDR ETF (XLE) rebounded 5.1% from six-month lows. Healthcare Select Sector SPDR Fund (XLV) fell 0.1%.

Industrial Select Sector SPDR Fund (XLI) rose 0.9%. Financial Select SPDR ETF (XLF) rose 1.9%.

The ARK Innovation ETF reflects the more speculative story stocks (alke) fell 0.8% last week, with the ARK Genomics ETF (arkg) rose 0.9%.

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Huge profits worth noting

Apple, Microsoft, Google, Amazon and Meta are all multi-trillion dollar tech giants, while AMD is the large-cap chip leader.

Not only do these companies have a combined market value of well over $10 trillion, but their performance and guidance will have a huge impact on chips, software and the broader market, ranging from e-commerce to online advertising to cloud computing, and yes, Artificial intelligence.

Microsoft may be the most important financial report because it is a leader or player in many hot technology fields, from artificial intelligence to cloud computing, as well as business software, games and even network security. Microsoft stock is once again the most valuable company, with a market capitalization of $3.002 trillion. Apple shares fell back to $2.989 trillion.

Microsoft, Google and AMD will release reports late Tuesday, while Apple, Meta and Amazon will report later Thursday.

Google, Amazon, Meta and Microsoft all extended from the buy point, and Apple stock also saw early entry, not far from the official buy point.

Meanwhile, Novo Nordisk reported earlier Wednesday. Novartis is a leader in weight loss drugs. Eli Lilly and Company (Li Lai), which was reported on February 6.NVO stock reportedly back in buy zone with Eli Lilly Market Smith Analysis.

Why this IBD tool simplifies burningch For top stocks

what to do now

Stocks continued to rise, fueled by near-perfect economic data and generally strong earnings.

However, with the Nasdaq close to extending and the number of stocks issuing buy signals currently relatively limited, investors may want to see how the market handles next week’s big earnings and economic news.

If you have profitable stocks on hand, you have to decide whether to take partial profits, close the position, or ride the trend. We should also pay attention to the stocks of giants such as Apple, Microsoft, and AMD that may have a greater impact on stock prices. Your holdings and the market.

Stay engaged and be flexible.

The coming days are likely to yield many setups and buying opportunities, so have your watch list ready. On the other hand, a negative market reaction to this week’s news could trigger a sell signal. So please keep your exit plan updated.

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

Please follow Ed Carson’s thread: @edcarson1971 andX/Twitter @IBD_ECarson Get stock market updates and more.

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