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
Oct 30, 2023 • 19min
Indexes Start The Week Strong, But Will It Last? Meta, Ollie’s, FTAI In Focus
Indexes started strong but started to look shaky shortly after the open. Still the recovery throughout the day didn’t necessarily breach intraday highs but closed on a better note. A number of stocks that were trading below their 50-day lines have now moved up above them including Meta Platforms and Ollie’s Bargain Outlet. Meanwhile, over in aerospace and defense, a strong relative strength line is leading FTAI Aviation into new highs. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 27, 2023 • 18min
Stocks Suffer Sharp Weekly Losses; Microsoft, UnitedHealth, Weatherford In Focus
The major indexes fell this week to multimonth lows, while the Russell 2000 hit its worst level since 2020. Microsoft, UnitedHealth and Weatherford are three stocks holding up relatively well with earnings out of the way. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 26, 2023 • 20min
Indexes Worsen As Leaders Fall; Walmart, TechnipFMC, Arista Networks In Focus
The S&P 500 and Nasdaq composite fell further as earnings season puts another level of pressure on indexes. Walmart is holding up though as it carves out a shallow base. TechnipFMC got a boost from its latest earnings but was already resisting the downtrend while Arista Networks reacted negatively to Meta earnings showing how quickly stocks that are holding up can change. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 25, 2023 • 20min
S&P 500, Nasdaq Break Below Recent Lows; Google, Vertiv, CME In Focus
The S&P 500 and Nasdaq composite fell sharply, undercutting their recent lows, ending their short-lived rally attempts. Treasury yields ran up while big earnings were mixed at best. Google plunged on weak cloud results. Vertiv whipsawed lower on its mixed results, while CME rebounded from steep early losses. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 24, 2023 • 16min
Indexes Bounce Into Big Earnings; International Seaways, GE, Fair Isaac In Focus
The major indexes rose Tuesday, but a rally attempt is just getting started as a huge earnings wave kicks off. International Seaways is near a buy point, while GE jumped above key levels on strong earnings. But Fair Isaac tumbled on a rival’s weak results. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 23, 2023 • 17min
Indexes Try To Bounce, Breadth Still A Problem; Duolingo, PDD, Vertex In Focus
The Nasdaq undercut its rally day lows early but bounced back. Was it enough? More evidence is needed. Duolingo remains worthy of watching as it got support at its 50-day line. Meanwhile, PDD and Vertex Pharmaceuticals both found support at their 21-day lines. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 20, 2023 • 18min
Nasdaq Near Lows as Earnings Wave Looms; Microsoft, Meta, Google In Focus
The Nasdaq nearly undercut recent lows while the S&P 500 tested its 200-day line and the Russell 2000 hit a 52-week low, as high bond yields pressure stocks. Microsoft, Meta and Google lead an earnings wave, with the three titans holding up relatively well. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 19, 2023 • 17min
Stocks Fade Late After Powell Speech; Tesla, Zscaler, VERX In Focus
Fed Chairman Jerome Powell signaled no rush to hike rates again amid a soaring 10-year Treasury yield. WTI crude oil futures spiked above $90 a barrel amid soaring gasoline prices. Tesla sold off after reporting earnings; Zscaler reversed lower despite an upgrade and big price target hike, while small-cap software stock Vertex is still showing strength. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 18, 2023 • 15min
Stocks Tumble As Oil, Bond Yields Rise; CDNS, AXON, BRZE Hold Up
The 10-year Treasury yield rose above 4.90% for the first time since 2007. WTI crude oil settled at $88.32 a barrel, up 1.9%, as oil and gas stocks outperformed. Decliners beat advancers on the NYSE by 5 to 1. Cadence Design Systems is retesting a prior buy area; Axon is in a buy zone, and Braze is showing strength as it forms a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 17, 2023 • 15min
Stocks Stuck In Range; Fair Isaac, Super Micro Computer, DraftKings In Focus
The major indexes came off lows but also hit resistance, though small caps had a strong session. Treasury yields soared toward 16-year highs. The S&P 500 and Nasdaq are still stuck in a range. Learn more about your ad choices. Visit megaphone.fm/adchoices
