Dow Jones tumbles as Goldman Sachs slips into earnings; Nvidia is jumping at the buy valuation

The Dow Jones Industrial Average fell on Tuesday, as investors digested a number of big earnings results. Meanwhile, the chip stock leader nvidia (NVDA) jumped on the parser upgrade, while Netflix (NFLXDividends are accrued after closing.


Key earnings mailings include Tuesday morning American bank (Buck), Goldman Sachs (p), Johnson & Johnson (JNJ) And Lockheed Martin (LMT). Along with Netflix, Intuitive surgery (ISRG) reports after closing.

Bank of America shares rose 1.5% on better-than-expected first-quarter earnings, while Goldman Sachs fell 3.5% on weaker revenue results. JNJ shares lost 1.1% in morning trade. Finally, Lockheed shares were up 1.8% in early trade.

stock market today

Graphics chip maker Nvidia jumped 2.2% after HSBC upgraded the stock from put to buy, with its price target rising to 355 from 175. Nvidia IBD Leaderboard stock.

Electric car giant Tesla fell 0.1% in early trading ahead of its first-quarter earnings report, due on Wednesday. Dow Jones Tech Giants apple (AAPL) And Microsoft (MSFT) were higher after the stock market opened today.

five below (five), IBD Leaderboard Watchlist stock floor and decoration (FND), Lululemon Athletica (Lulu) And Vertex Pharmaceuticals (VRTX) – as well as Dow Jones shares Cisco systems (CSCO), c. B. Morgan Chase (JPM), Nike (NKE) And visa (Fifth) – Among the top stocks to buy and watch as the market continues to rise.

JPMorgan and Lululemon appeared in the stocks column near the buy zone for the week.

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Dow jones today: oil prices and treasury yields

After the opening bell on Tuesday, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 rose 0.2%. The technology Nasdaq Composite advanced 0.3% in morning trading, with Nvidia and ASML Holding (ASML) drives the cursor.

Among the US ETFs, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ(up 0.6%, while the SPDR S&P 500 ETF rose)spy) rose 0.3% early on Tuesday.

The 10-year US Treasury yield rose on Tuesday to 3.6%. Last week, the 10-year yield rebounded from its lowest level since mid-September.

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US oil prices continued to decline from the April 12 high above $83 a barrel. West Texas Intermediate futures were trading between $80 and $81 a barrel early Tuesday. Year-to-date, oil prices have been roughly balanced.

Stock market rise

On Monday, the Dow Jones Industrial Average rose 0.3%, with Walgreens Boots Alliance (WBA) And Boeing (Bachelor’s) big winners. Walgreens rose 1.7%, while Boeing jumped 1.6%. The S&P 500 and the Nasdaq Technology Composite rose 0.3%.

Monday’s Big Picture column commented, β€œThe Nasdaq reversed higher, gaining 0.3% on Monday. But the index is facing resistance around 12,250 at a time when it is starting to lag. Although it continues to lead the stock market this year, the RSI line The Nasdaq has fallen the past three weeks or so.”

Now is an important time to read IBD’s Big Picture column with the stock market in an uptrend.

Five Dow Jones stocks to buy and watch now

Dow Jones Stocks to Buy and Watch: Cisco Systems, JPMorgan, Nike, and Visa

Cisco Systems remained squarely below the 51.84 buy point flat base after falling 0.5% on Monday. But no sell signal yet, according to IBD MarketSmith pattern recognition. CSCO shares topped the entry on March 31. Shares rose on Tuesday.

Shares of JPMorgan rose 0.8% on Monday, holding about 4% below flat at 144.44 buy points following Friday’s earnings-supported rally. JPM shares fell 0.1% early on Tuesday.

Nike shares were up 0.2% on Monday, still above the 50-day line. The stock is just above early entry 126.16 and close to 131.41 flat base buy points. NKE shares were up 0.6% in early trade.

Visa stock remains within a buy range above the 230.15 cup handle buy point. The buying range rises to 241.66. V stock rose slightly in early morning trading.

4 top growth stocks to watch in Stock market rise

Best stocks to buy and watch: Five Below, Floor & Decor, Lululemon, Vertex

Five Down fell 1.7% on Monday, extending its losing streak to four sessions and closing below the 50-day line. The shares have now fallen sharply below the 212.66 buy point in a flat bottom. Further weakness is likely to lead to a 7%-8% loss base. Shares rose five on Tuesday.

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background storyOn March 15: Philadelphia-based FivePillow, which operates 1,292 teen and mid-range discount stores in 42 states, closed 2022 on profits and revenue. For the fourth quarter, Five Below earnings rose 23% to $3.07 a share, ending a three-quarter year-over-year streak of declines.

Floor & Decor is still well below the 99.47-point buy cup with handle, with a loss of 0.4% on Monday. FND shares rose 1% early on Tuesday.

background storyFloor & Decor operates 191 warehouse format stores and six design studios in 36 states. It sells tile, wood, laminate, vinyl and natural stone flooring products. They also sell decorative accessories. Earnings are expected to decline by 2% this year before rising to 27% in 2024 and 24% in 2025.

IBD Leaderboard Watchlist Stock Lululemon is just shy of 371.36 buy points in a mug with a handle. Shares rose 1.3% on Tuesday morning.

background storyOn March 28, Lululemon raised guidance for 2023 after it beat fourth-quarter profit and revenue estimates for the holiday, resulting in a 12.7% increase on March 29. Final quarter results also outperformed yogawear and athleisure stores. early January.

Vertex Pharmaceuticals is trading in a buy range of 5% above the 325.29 cup base buy point which rises to 341.55. VRTX stock fell 0.8% on Tuesday.

Backstory: Vertex Pharmaceuticals researches and develops medical treatments for cystic fibrosis, sickle cell disease, muscular dystrophy, kidney disease and type 1 diabetes.

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Stocks to buy and watch the stock market rise

These are the top four stocks to watch in the stock market today, including two of the Dow leaders.

Company Name Code The right point of purchase Point of purchase type
service now (now) 482.43 mug with handle
Nike (NKE) 131.41 Flat base
visa (Fifth) 230.15 mug with handle
Cisco systems (CSCO) 51.84 Flat base
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Source: IBD data as of April 18, 2023

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Tesla stock

Tesla stock rose 1.1% on Monday, bouncing back from Friday’s modest drop. In recent weeks, stocks have launched a 7%-8% loss rule from a buy point of 200.76 in a cup with handle. And they fell sharply below the 50-day line, which is a key level. Now, the stock is seeing some resistance in that area, in a waiting pattern ahead of Wednesday’s first-quarter earnings report. A decisive recovery would be bullish for the stock’s immediate prospects. On Monday, the stock closed 50% off its 52-week high.

TSLA stock fell Tuesday morning, still looking to extend Monday’s gains.

Dow Jones leaders: Apple and Microsoft

Among Dow Jones stocks, Apple shares rose a tiny percentage on Monday. It remains strongly above 157.48 buying points. AAPL stock rose 0.6% on Tuesday. Apple announces its financial results for the second quarter on May 4.

Shares of Microsoft are at the top of the buy range after 276.86 points long to a flat base, up 0.8% on Monday. The buy area of ​​5% of the buy point has risen to 290.70. On Tuesday, MSFT stock rose 0.6%. The company plans to report its financial results for the second quarter on April 25.

Be sure to follow Scott Lehtonen on Twitter at @employee Learn more about developing stocks and the Dow Jones Industrial Average.

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