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
Apr 8, 2024 • 17min
Indexes Stay In Their Lane While Medpace, Apollo, Exxon Mobil Outperform
After Thursday’s downside reversal, indexes have stayed within the highs and lows of that day. It sets up a nice lane for the markets but take note when it breaks from its lane. Take extra note of the stocks that do it first. Medpace crossed above Thursday’s high on Friday and followed up today. Apollo retraced a lot of ground on Friday and punctured above Thursday’s high today. Finally, ExxonMobil doesn’t even show anything happening on Thursday as it broke out of a cup base. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 5, 2024 • 55min
Stocks Attempt Recovery, But Is A Pullback Coming? Meta, ServiceNow, Celsius In Focus
After Thursday’s downside reversal and weak recovery attempt on Friday, could a pullback or intermediate correction be in the cards? IBD’s Mike Webster walks through each day’s action and levels he’s watching. We revisit a precedent to see if the current index action is still tracking what unfolded in the market in 2003. Plus, we analyze some of this week’s notable stocks: Meta, Spotify, ServiceNow and Celsius. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 4, 2024 • 11min
Stocks Reverse Lower Ahead Of Jobs Report; Saia, CELH, NOW In Focus
A 1.2% intraday gain for the Nasdaq composite faded to a loss of more than 1% by the close. Oil settled at its highest level since late October, up 1.4% to $86.59 a barrel. Friday’s jobs report is expected to show nonfarm payrolls up 200,000 with the unemployment rate holding steady at 3.9%. Saia is testing its 10-week line; Celsius is close to a first test, while ServiceNow continues to build a base. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 3, 2024 • 14min
Stocks Rally After Sell-Off; Salesforce, XPO, Dexcom In Focus
Advancing stocks outnumbered decliners on both exchanges by less than 2-to-1. The 10-year Treasury jumped above 4.40% after ADP reported stronger than expected job growth in March. But the 10-year yield backed off highs for the second straight session. Salesforce and XPO are trading near their 10-week moving averages, while Dexcom is in an alternate buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 2, 2024 • 11min
Stocks Bend As Yields Rise; Meta Platforms, Uber, Eli Lilly In Focus
The 10-year Treasury yield added to Monday’s surge, hitting 2024 highs Tuesday. That pressured stocks once again, though the indexes came off morning lows. Meta Platforms, Uber Technologies and Eli Lilly are finding support around their 10-week lines. Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 1, 2024 • 11min
Small Caps Hit As Rates Rise; Wynn Resorts, Hubspot, FWRG In Focus
The 10-year Treasury yield jumped 13 bps to around 4.33% after manufacturing data in the U.S. and China came in better than expected. The March jobs report also looms large on Friday. Casino operator Wynn Resorts, software firm Hubspot and First Watch Restaurant are all near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 28, 2024 • 11min
Russell 2000 Hits New High In Quiet Session; TOST, MHO, MLM In Focus
The 10-year Treasury yield ticked higher ahead of a key report on inflation Friday morning. The stock market will be closed Friday in observance of Good Friday, but the bond market will be open. Winners beat losers on the NYSE by about 2-to-1. The ratio was about 4-to-3 positive on the Nasdaq. Toast is setting up in a cup-with-handle base; M/I Homes gave an early buy signal; Martin Marietta is trading tightly near highs. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 27, 2024 • 11min
Small Caps Jump, Breadth Improves; Medpace, Nextracker, BROS In Focus
Profit-taking hit several top-rated growth stocks as the Russell 2000 small-cap index moved into position for another breakout try. The 10-year Treasury yield fell for the sixth time in seven trading sessions with the latest reading on inflation due Friday. Medpace and Nextracker are holding gains well after recent breakouts, while Dutch Bros is retesting a prior buy area. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 26, 2024 • 12min
Indexes Fade Late; Trump Media, ServiceNow, Royal Caribbean In Focus
The major indexes faded late, but near record highs. Donald Trump stock Trump Media skyrocketed out of a base in its post-SPAC merger debut, but came well off intraday highs. ServiceNow flirted with aggressive entries as several software names set up. Royal Caribbean is in a buy zone with Carnival earnings on deck Wednesday. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mar 25, 2024 • 22min
Indexes Mark Time But Refuse To Give Up Ground; Arm, Axon And Allstate In Focus
Even China news suggesting that Chinese chips would be favored over others wasn’t enough to shake this market. The major indexes continued to trade sideways but are making themselves comfortable above prior levels of resistance. It’s still worth sticking with A-list stocks and today we’ll take that literally with a look at Arm Holdings as it broke a recent downtrend on the China news. Also worth watching is Axon, formerly known as Taser, as it consolidates the gains from its last earnings move. Finally, it might be slow and boring but insurance companies like Allstate are filling the ranks of leadership and Allstate broke out of a short cup today. Learn more about your ad choices. Visit megaphone.fm/adchoices
