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
Dec 12, 2023 • 15min
Nasdaq Hits 2023 High; Amazon, Netflix, Freshworks Rise Off Key Support
Discussion on the recent stock market rally and the performance of major indexes. Analysis of specific stocks like Amazon, Netflix, and Freshworks. Implications of a market tumble and the technical analysis of Amazon stock. Analyzing stock pullbacks and entry points for buying opportunities.
Dec 11, 2023 • 18min
Megacaps Hit But Not All Stocks; Applied Materials, Copart, Snowflake In Focus
The megacaps were down but strength was found elsewhere including chips and industrials. Copart broke a downtrend getting support at the top of a flat base. Applied Materials got support at its double bottom entry and broke above a downtrend in a handle. Finally, Snowflake is on the verge of breaking out of cup with handle. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 8, 2023 • 17min
S&P 500 Hits 2023 High; Arm Holdings, Microsoft, Crispr Therapeutics In Focus
Friday’s jobs report and tumbling inflation expectations helped push the S&P 500 to a 2023 high, with the Nasdaq almost there, suggesting the market rally may be on the cusp of another leg higher. Arm Holdings blasted out of an IPO base as chip stocks heat up. Microsoft has held a buy point and a key level. Crispr Therapeutics won a historic FDA approval, but CRSP suffered a classic “sell the news” reversal. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 7, 2023 • 18min
Markets Take Back Wednesday’s Fade; AMD, Alphabet, Booking.com In Focus
Weekly jobless claims came in as expected as the market fought to win back its gains lost from Wednesday. AMD was featured on the show yesterday and in what looked like a delayed reaction powered higher and broke above 120. Google had AI news of its own that pushed it back above its 50-day moving average line. Over in travel, Booking.com cleared a tight area around 3,200. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 6, 2023 • 13min
Stocks Fade After Strong Start; Ollie’s Bargain Outlet, AMD, TREX In Focus
Stock market indexes faded after initial gains, bonds were bought as oil prices slumped. Ollie’s Bargain Outlet and AMD couldn’t sustain their gains, while Trex is near the top of a cup base. Analysis includes resistance levels of the S&P 500 and concerns over potential economic slowdown. Performance of Russell 2000 and implications for small caps discussed. Ollie's Bargain Outlet's lack of sustained growth and its impact on the market highlighted. Insights and suggestions for investing in Ollie’s Bargain Outlet, AMD, and TREX provided.
Dec 5, 2023 • 14min
Megacaps Bounce Back As Small Caps Lag; Apple, Amazon, Nvidia In Focus
The major indexes were narrowly mixed Tuesday even with Treasury yields tumbling on weak job openings data. Apple broke out while Amazon bounced back to a buy point. Nvidia rose slightly off a key level, but volume is lacking while archrival AMD is expected to unveil an AI chip. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 4, 2023 • 19min
Megacaps Take A Break, Time For Rotation? Uber, Booz Allen, TopBuild In Focus
The Nasdaq finished off its lows as 14,000 remains a level to watch as well as the 21-day line. But small caps were unfazed by the Nasdaq’s woes. A number of stocks still had good days including Uber which is getting added to the S&P 500. But don’t go chasing extended stocks in an extended market. Booz Allen Hamilton broke out of a fresh cup-with-handle and defense and intelligence are areas of interest right now. Finally, construction and real estate continued to show power with TopBuild extending its gains above a breakout around 300. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 1, 2023 • 18min
Small Caps Led Broad Advance; Arm Holdings, United Rentals, D.R. Horton In Focus
The Dow Jones hit a fresh 52-week high Friday with the S&P 500 and Nasdaq close behind. But Friday’s big winner was the Russell 2000, blasting above its 200-day line. Other measures showed improving breadth. Recent IPO Arm Holdings, construction play United Rentals and D.R. Horton flashed buy signals. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 30, 2023 • 17min
Tech Stocks Pause After Bullish Run; IR, SNOW, CW In Focus
Bond yields rose as health care, industrial and financial stocks outperformed. Among the Magnificent 7 stocks. Nvidia, Alphabet and Tesla lagged. Ingersoll Rand is near the top of a cup base; Snowflake soared on earnings and Curtiss-Wright is still in a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 29, 2023 • 12min
Indexes Fade Early Gains; WDAY, DT, NET In Focus
Software stocks outperformed, helped by strong earnings reports from Workday and CrowdStrike. Breadth was about 2-to-1 positive on the NYSE and slightly less than 2-to-1 positive on the Nasdaq. Workday gapped up on earnings, while group peers Dynatrace and Cloudflare topped buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices
