Dow Jones futures fell after key inflation data; Intel drops 10% on missed earnings

Dow Jones futures fell slightly on Friday following key inflation data, with the early release of the PCE price index. chip maker Dow Jones clever (INTC) fell 10% due to missed earnings.


Investors received a breakdown of their December income and personal expenses, and monthly PCE inflation data, from the Department of Commerce at 8:30 a.m. ET. The PCE Price Index rose 0.1% on the month, well above expectations unchanged. The annual inflation rate fell from 5.5% to 5%, in line with estimates. Core PCE price increased by 0.3% as core inflation rate decreased from 4.7% to 4.4%; Both estimates are consistent.

The Fed’s favorite measure of inflation, the core PCE price index, fell to an annualized 3.85% in Q4, new data released alongside the GDP report showed on Thursday.

Fourth-quarter earnings season continues, with results from Dow Jones members American Express (AXP), letter V (CVX), Intel and Passport (DRAW), as well as KLA (KLAC).

American Express shares rose nearly 5%, while Chevron fell more than 1%. CVX stock is rounding the right side of the base of the cup with a buy point of 189.78, according to IBD MarketSmith . Pattern Recognition.

Intel stock plunges 10.5% after the crash company missed Wall Street targets for the fourth quarter and is oriented much lower than expected for the current period.

Visa shares up 1% ahead of marketing next Friday beat the top and bottom estimates. Visa stock closed Thursday in a buy range above a 220.08 handle buy point in a buy pattern. 5% buy area up to 231.08.

Final, KLA beat expectations for fiscal second quarter. But its outlook for the current period is below estimates. KLAC stock fell 4.4%.

Stock market today

Electric vehicle leader Tesla was up about 1% on Friday morning, looking to add Big profit of Thursday. tech giant Dow Jones Apple (AAPL) and Microsoft (MSFT) lower than before stock market today open.

IBD Rankings Share axon enterprise (SWITCH), Notable Stocks in Recent IBD Day Etsy (ETSY), monster beverage (MNST) and Vertex Pharmaceuticals (VRTX) — as well as Dow Jones stock JPMorgan Chase (JPM) — among the top stocks to buy and watch, given the continued strength of the market’s rally.

The axon is a IBD Rankings Share. Etsy and top recently IBD shares of the day. Axon and JPMorgan were introduced in This week’s column Stocks Near the Buy Zone.

The latest IBD MarketDiem newsletter gives you viable ideas on stocks, options and cryptocurrencies right to your inbox

Dow Jones today: Oil prices, Treasury yields

Before Friday’s opening bell, Dow Jones futures were down less than 0.1% from fair value and S&P 500 futures were down 0.4%. Nasdaq 100 futures fell 0.6% in morning trade, pushed lower by Intel’s decline.

Between us exchange-traded fundsNasdaq 100 Invesco QQQ Trust tracker (National Assembly member) lost 0.5% and the SPDR S&P 500 ETF (spy) was trading down 0.3% early Friday.

The yield on the 10-year US Treasury note edged higher to 3.54% on Friday morning. Treasuries are poised to catch up with a three-week rally, pushing 10-year yields near their lowest levels since mid-September.

Oil prices rose more than 1% on Friday, with West Texas Intermediate futures moving above $82 a barrel. Oil prices were flat for the week, near their highest since early December after two weeks of strong gains and ahead of the Organization of the Petroleum Exporting Countries next week.

Stock market recovers

On Thursday, the Dow Jones Industrial Average rose 0.6% and the S&P 500 gained 1.1%. The Nasdaq composite rose 1.8 percent, while the small-cap Russell 2000 index gained 0.7 percent.

Thursday’s The Big Picture Category commented, “IBD’s stock market outlook is in a ‘confirmed uptrend’ amid a strong rally since early January, when Nasdaq signaled a the next day on January 6. Given the current strength of the market, you should methodically increase your exposure if your trades are doing well, with an investment percentage of 40%-60%. Profitable trades will push you closer to the 60% threshold, especially after Thursday’s tech-driven gains.”

Now is a great time to read IBD . Big Picture Column in the context of the stock market is recovering.

Five Dow Jones stocks to buy and watch now

Dow Jones Stocks to Buy and Watch: JPMorgan

Banking giant JPMorgan is back above a flat base buy point of 138.76 amid a five-day winning streak. JPM stock fell a bit on Friday morning.

JPM shares showing a solid 94 out of a perfect 99 IBD Composite Ratingaccording to the Check out IBD stock. Composite Ratings are designed to make it easy for investors to find top growth stocks.

Top 4 Growth Stocks To Buy And Watch Stock market recovers

Top stocks to buy and watch: Axon, Etsy

Security leader Axon was up 0.2% on Thursday, moving higher in a 5% buy range above an 189.72 buy point in a cup with handle pattern. The buy zone peaked at 199.21. Axon stock was flat Friday morning.

plot: Formerly known as Taser International, the company took advantage of a business opportunity driven by public demand for more surveillance of police departments. The body camera line and its accompanying software are currently leading the market. The company is headquartered in Scottsdale, Ariz. also boasts a cloud-based digital proof platform.

Etsy broke out broke through a buy point of 137.01 in a cup with a handle on Monday, but fell deeper below the entry point with a 1% loss on Thursday. If the stock regains its buy point, the 5% buy zone will rise to 143.86. ETSY stock was unchanged on Friday.

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.

Monster, Vertex Eye Buy Points

Monster Beverage is about to break through a flat base 104.75 buy point after rising 0.4% on Thursday. MNST stock was unchanged on Friday.

plot: monster beverage market leader in energy drinks monopoly with private competitor Red Bull. The company’s portfolio of energy drinks brands includes Monster Energy, Reign and NOS Energy.

Monster dominated energy drinks in the US and had a 39% market share last year, according to Jefferies data, bringing in record $5.5 billion in revenue for the company. Red Bull will account for 37% of the US energy drink market by 2021. poison (CELH), on an impressive growth trackaccounted for 4.9% of the market.

Recent IBD Stocks of the Day, Vertex Pharmaceuticals, is moving closer to a buy point of 324.85 in a cup basis after rising for the fifth straight day on Thursday. VRTX stock is slightly higher on Friday.

plot: The company is best known for its cystic fibrosis treatments — a market for which Vertex estimates 88,000 patients. Among them, there are still 20,000 patients who can receive the old-fashioned oral treatment. But analysts are keeping an eye on what’s new from Vertex, including an updated three-drug regimen that could strengthen Vertex’s position against the competition. AbbVie (ABBV).

Stocks to buy and watch as the stock market recovers

Here are the top seven stocks to buy and watch in today’s stock market, including the top three Dow Jones stocks.

Company name Icon Exact point of purchase base type
Monster (MNST) 104.75 flat sole
top (VRTX) 324.85 cup base
axon (SWITCH) 189.72 cup with handle
Etsy (ETSY) 137.01 cup with handle
JP Morgan (JPM) 138.76 flat sole
letter V (CVX) 189.78 cup base
Passport (DRAW) 220.08 cup with handle
Source: IBD data as of January 27, 2023

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

Tesla shares

Tesla shares up 11% on Thursday after The company’s strong Q4 results, extending the winning streak to five sessions. After a strong recovery, the stock is back above the 50-day line, although still below the 200-day line. Tesla shares closed down about 62% from their 52-week high.

Shares of the EV giant were up 1.2% on Friday morning.

Leading Dow Jones: Apple, Microsoft

Between Dow Jones stock, Apple shares rose 1.5% on Thursday, marking a four-day streak of gains. The stock remains above its 50-day moving average after a strong rally in recent sessions. However, the stock is now down about 20% from its 52-week high. Apple will report quarterly earnings on February 2. AAPL stock traded down 0.4% on Friday.

Microsoft stock rose 3.1% on Thursday, definitively recapturing the 50-day moving average, which is bullish for the stock’s immediate outlook. Still, the stock is still down 22% from its 52-week high. Shares were down 0.2% early Friday.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.


Top growth stocks to buy and watch

Learn how to time the market with IBD’s ETF Market Strategy

Find the best long-term investments with IBD’s long-term leaders

MarketSmith: Research, Charts, Data and Coaching All In One Place

How to Research Growth Stocks: Why This IBD Tool Simplifies Finding Top Stocks


News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button