Stock Market Today With IBD
Investor's Business Daily
A roundup of the most compelling market action each trading day at the closing bell from Investor's Business Daily.
Episodes
Mentioned books
May 20, 2024 • 19min
Power Trend Starts, Stocks Comply; AppLovin, Monolithic Power, Booking In Focus
As a power trend starts, many stocks are giving second chances at buy areas. AppLovin held tight after earnings and has a look that can be found among many stocks today. Monolithic Power reaffirmed its breakout from last week after holding tight for a couple of days. Of course, Nvidia earnings are due after the close on Wednesday which puts a spotlight on chips. Finally, Booking.com is a little slower but shows strength outside of tech. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 17, 2024 • 1h 9min
Why A Powerful Trend Is Just Getting Started; Nvidia, CrowdStrike, GDX In Focus
As Nvidia earnings loom large next week, the stock market is on the verge of delivering a powerful signal. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 16, 2024 • 13min
Stocks Hold Firm As Dow Crosses 40,000; FSLR, HIG, MELI In Focus
The Dow Jones industrial average briefly crossed the 40,000 level but backed off highs by the close along with the Nasdaq and S&P 500. Decliners beat advancers on both exchanges by a small margin after the Nasdaq confirmed the latest uptrend Thursday with a follow-through day. First Solar is approaching an alternate entry; Hartford Financial gave an early buy signal as it forms a flat base; MercadoLibre is trying to clear a new entry. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 15, 2024 • 14min
Stocks Soar On Tame Consumer Prices; Lennar, Azek, Broadcom In Focus
Weaker-than-expected retail sales and a palatable reading on consumer prices fueled a fresh round of buying. The 10-year Treasury yield and U.S. dollar fell sharply. Breadth wasn’t great on the Nasdaq at less than 2-to-1 positive. Winners beat losers on the NYSE by just over 2-to-1. Lennar rallied with other homebuilders, while Azek moved bullishly above its 50-day line. Broadcom rose to the top of an 11-week consolidation. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 14, 2024 • 14min
Nasdaq Nears Record High; On Holding, Embraer, CrowdStrike In Focus
The Nasdaq is nearing a record high, while leading stocks continue to act well. On Holding gapped out of a base on strong earnings. Embraer raced back above a buy point a few days after its quarterly results. CrowdStrike is holding in range of an aggressive entry within a base. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 13, 2024 • 22min
Why Flat Action Is A Good Thing; Pure Storage, Costco, PulteGroup In Focus
Indexes were mostly flat on Monday and after a strong showing last week, that’s constructive. We still have stocks setting up including Pure Storage forming a shallow double bottom, Costco potentially ready for a handle and PulteGroup with a shallow cup with handle. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 10, 2024 • 53min
Why Now Is The Time To Take A Bullish Stance; Arista Networks, Taiwan Semi, FICO In Focus
As the market starts to trend above a key level, now is the time to take a more bullish stance. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 9, 2024 • 14min
Indexes Close In On All-Time Highs; Celsius, Manulife, WSM In Focus
The Dow Jones extended its winning streak to seven sessions. The 10-year Treasury yield eased 3 basis points to around 4.45% after jobless claims came in stronger than expected. Celsius made a bullish move after a volatile reaction to earnings earlier in the week; Manulife cleared a base and is still in a buy zone; Williams-Sonoma is back near highs with earnings coming up. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 8, 2024 • 15min
Dow Jones Makes It Six Straight; TSMC, Aerovironment, Jefferies In Focus
Small caps were under pressure all day, but the Nasdaq composite and S&P 500 pared early losses. Decliners beat advancers by less than 2-to-1 on both exchanges as utility stocks outperformed. Taiwan Semiconductor isn’t far from a new entry as it forms a double-bottom base; Aerovironment could try to add a handle to its current pattern; Jefferies is near the top of a shallow cup base. Learn more about your ad choices. Visit megaphone.fm/adchoices
May 7, 2024 • 12min
Stocks Pause After Recent Run; Star Bulk Carriers, Ares Management, Embraer In Focus
The major indexes paused Tuesday after a trio of solid gains. A number of stocks still flashed buy signals, often on earnings, though there were big losers as well. Star Bulk Carriers broke out with Ares Management and Embraer near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices
