Dow Jones drops ahead of Powell’s keynote speech; Pinterest plunges in earnings

Dow Jones futures were higher before opening on Tuesday after the Dow Jones Industrial Average fell 34 points on Monday. Federal Reserve Chairman Jerome Powell will speak on Tuesday in Economic Club of Washington, DC., and investors will be looking for hints of future Fed rate hikes after The jobs report exploded on Friday.


At the end of Monday, diodes (DIOD), Fabrinet (FN), Pinterest (pin code), skyscrapers Solutions (SWKS) And Interactive software Take-Two (TTWO) are the main reporters of income.

Diodes beat estimates for Q4 revenue and profit, but the stock was essentially flat in after-hours trading. Shares of Fabrinet rose less than 1% thanks to better-than-expected sales and earnings results.

Pinterest dropped as much as 16% in extended trading before reducing its loss to about 10% later sales estimate is missing. Skyworks rallied 2% despite mixed results, as the company approved a new $2 billion share buyback program.

Take-Two miss Wall Street targets for the December quarter, citing weaker consumer spending. Take-Two also led much lower than views in the March quarter. TTWO shares fell more than 1% in extended trading.

Other earnings reports this week include Mexican Barbecue Chipotle (CMG), Disney (dis), Payment software (PAYC), supersonic (TDG) And Vertex Pharmaceuticals (VRTX).

Stock market today

On Monday, the Dow Jones Industrial Average fell 0.1% and the S&P 500 fell 0.6%. The tech-heavy composite Nasdaq sold off 1%. Between exchange-traded fundsNasdaq 100 Invesco QQQ Trust tracker (National Assembly member) fell 0.85% and the SPDR S&P 500 (spy) lost 0.6%.

electric car giant Tesla (TSLA) traded up 2.5% on Monday. Between Dow Jones stock, Apple (AAPL) decreased by 1.8% and Microsoft (MSFT) decreased by 0.6% in stock market today.

IBD Rankings stock watchlist semiconductor grid (LSCC), Etsy (ETSY), next star (NXST) And stop wings (WING) — as well as Dow Jones stock caterpillars (CAT) And JPMorgan Chase (JPM) — among the top stocks to buy and watch, given the continued strength of the market’s rally.

The lattice is a IBD Rankings Watchlist stocks. Etsy is a recent IBD shares of the day. Nextstar is a recent company IBD 50 Stocks To View Options. caterpillars and nets has been featured in this week’s Stocks Near Buy Zone column.

Top 4 growth stocks to buy and watch in the near termrand the stock market recovered

Dow Jones Futures Today: Oil prices, Treasury yields

Before Tuesday’s opening bell, Dow Jones futures were up 0.2 percent from fair value and S&P 500 futures were up 0.25%. Nasdaq 100 futures are up 0.25% from fair value. Remember that action overnight in Dow Jones futures and other places that don’t necessarily translate into actual transactions the next time stock market meeting.

Yields on the 10-year US Treasury note rebounded sharply on Monday, stabilizing at 3.63%. On Friday, 10-year bond yields spiked following the Labor Department’s strong jobs report.

Oil prices recovered more than 1% on Monday, breaking a three-day slide that sent West Texas Intermediate futures down below $73 a barrel. WTI futures trade around $74.50 a barrel, still near recent lows.

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What to do during the ongoing stock market rally

Now is a great time to read IBD . Big Picture Column with the stock market trending in a “confirmed uptrend” amid the strong rally since early January.

Given last week’s more encouraging action amid a five-week straight Nasdaq rally, investors should increase their exposure to 60% to 80%. But be ready to act quickly because things can change quickly in the stock market, especially with Fed Chair Powell’s speech on Tuesday.

(Payment procedures IBD Stock List like IBD 50 And Stocks Near Buy Zonefor more stock ideas.)

Five Dow Jones stocks to buy and watch now

Dow Jones stocks to buy and watch: Caterpillar, JPMorgan

Dow Jones flagship stock Caterpillar has returned to buying range on a flat base entry point of 239.85, as it tries to find support around the 50-day moving average, according to a report. IBDSmith . Market chart analysis. Shares were up 1.5% on Monday.

Banking giant JPMorgan remains in buy range above a flat base buy point of 138.76 amid Monday’s 0.6% gain. JPM shares showing a solid 94 out of a perfect 99 IBD Composite Ratingaccording to Check out IBD stock. Composite Ratings are designed to make it easy for investors to find top growth stocks.

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Top stocks to buy and watch: Lattice, Etsy, Nexstar

IBD Leaderboard Watchlist Lattice fell 1.45% on Monday, still in buy range above 76.57 cup-with-handle buy point. LSCC shares showing a strong 98 out of a perfect IBD Composite Rating.

plot: The Oregon-based designer of gateway arrays focuses on four key markets: data center, computing, automotive, and industrial. Its logic chips are winning new designs for their outstanding quality in terms of small size, low power, reliability and ease of use. On December 5, Lattice officially launched its newest chip design platform, Avant, and executives say the new product will double its total addressable market. Lattice reports its fourth-quarter results on February 13.

Etsy remains out of buy range above a 137.01 buy point in cup-with-handle despite a 2% drop on Monday. The 5% buy area topped out at 143.86.

plot: The company is an online e-commerce platform provider where arts and crafts, vintage and other unique merchandise creators will sell their wares. It has a unique business model that has, over the past few years, gone from being a niche e-commerce marketplace to being a premier shopping destination across multiple categories.

Media giant Nexstar is in a buying range past the 204.72 buy point of the cup base and Tuesday IBD 50 stocks to view options. Earnings will be announced on Thursday.

plot: America’s largest local television corporation, Nexstar Media produces and distributes local and national news, sports, and entertainment content. In addition to its leading position in television, Nexstar is also one of the world’s leading diversified media companies.

Wingstop Eyes Latest Buy Points

Wingstop is approaching a 170.97 buy point in a skewed cup base, despite a 1.1% loss on Monday, ending a four-day winning streak. Keep an eye out for a potential handle to provide a lower entry.

plot: According to Dow Jones Newswires, the Dallas-based restaurant chain has more than 1,900 locations in the US and international markets. Its international locations include Mexico, Columbia, Panama, Singapore and the United Kingdom. The company added a net 40 stores last quarter. The earnings report will be released on February 22.

Join IBD experts as they analyze the top stocks in the current stock market rally on IBD Live

Tesla shares

Tesla shares added 2.5% on Monday, extending its winning streak to five sessions and closing at the highest level since Dec. 2.

Despite the strong bounce since January 6, the stock remains below the 200-day line. And Tesla stock closed Monday down about 50% from its 52-week high.

Leading Dow Jones: Apple, Microsoft

Between Dow Jones stockShares of Apple fell 1.8 percent on Monday, ending a four-day rally that helped the stock regain its 200-day long-term moving average. Shares are still down about 16% from their 52-week high.

Microsoft shares fell 0.6% on Monday, falling for the second straight session. The stock is trying to stem its slide around the 200-day line and is about 19% below its 52-week high.


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