Stock Market Today With IBD

Investor's Business Daily
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Jun 8, 2023 • 19min

Tech Stocks Rebound After Sell-Off; Monday.com, ITCI, Adobe In Focus

Small caps lagged but IWM fought off lows by the close. Breadth wasn’t great as declining stocks had a slight edge over advancers on both exchanges. Monday.com is back in a buy zone; ITCI is bouncing off its 10-week moving average, and Adobe is near the top of a long consolidation ahead of next week’s earnings report. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 7, 2023 • 22min

Software Sell-Off Hits Nasdaq; Workday, DigitalOcean, Meritage Homes In Focus

The Russell 2000 small-cap index outperformed again, but several software stocks came under heavy selling pressure. Volume rose, giving the Nasdaq composite and S&P 500 another distribution day. Workday looks ready to test the 200 level; DigitalOcean halted an eight-session win streak, while Meritage Homes topped a new buy point. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 6, 2023 • 16min

Indexes Mask Underlying Strength; Shopify, TransMedics, Taiwan Semiconductor In Focus

The major indexes had another relatively quiet session, but market breadth was strong, with small- and mid-cap stocks rising sharply to their best levels in nearly three months. Shopify decisively cleared a trendline, while TransMedics jumped from the 50-day line. Taiwan Semiconductor moved back into a buy zone. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 5, 2023 • 17min

Markets Take A Well-Deserved Pause; Fortinet, Samsara, Fluence Energy In Focus

 The Nasdaq went back to leading for the day while the Russell 2000 faltered. But in the perspective of Friday’s big gains, the indexes didn’t give up too much. Fortinet came out strongly above a handle area while Samsara followed up on Friday’s breakout. Meanwhile, Fluence Energy pulled back from its highs of the day but is still showing positive action. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 2, 2023 • 15min

Market Rally Revs Up, Widens Out; Tesla, Lennar, DexCom In Buy Areas

Stock indexes rallied strongly on Friday and for the week. The Nasdaq continues to look strong, perhaps slightly extended. But notably, market breadth improved considerably, with the Dow Jones, Russell 2000 and the S&P 500 equal-weight ETF powering above key levels. Tesla broke out as several other stocks flashed early entries. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 1, 2023 • 19min

Stocks Soar Ahead Of Jobs Report; CRWD, NET, TDW In Focus

Stock indexes rallied broadly as investors grow more confident about a soft landing for the U.S. economy. Breadth improved with winners beating losers on the Nasdaq by about to 2-to-1. CrowdStrike recovered after an earnings downdraft; Cloudflare extended gains and Tidewater bounced off a key support level. Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 31, 2023 • 21min

Indexes Pare Losses After Soft Start; Extreme Networks, Global-E Online, Datadog Rise

The Nasdaq composite and S&P 500 halted three-session win streaks in orderly fashion. But declining stocks still had the upper hand over advancers on both exchanges. Extreme Networks extended gains and closed near the top of a 6-month consolidation, while Global-E Online and Datadog showed more relative strength. Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 30, 2023 • 16min

Nasdaq Slashes Gains; Life Time Group, On Semiconductor, Fluence Energy In Focus

The major indexes closed mixed with the Nasdaq coming well off highs while the Dow was slightly lower for most of the session. Life Time Group and On Semiconductor cleared official buy points Tuesday morning, but reversed lower. Fluence Energy held much of its jump around buy points, but is extended from key levels. Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 26, 2023 • 21min

Indexes Finish Strong In Split Week; Arista, Smartsheet, Tesla In Focus

The major indexes rallied strongly on Friday. For the week, the Nasdaq roared, led by chip and AI plays such as Arista Networks. But the Dow Jones slipped amid weak market breadth. Smartsheet and Tesla are both near buy points. Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 25, 2023 • 17min

Nvidia Stock Soars, Leads Big Tech Rally; ELF Beauty, Monday.com, KLA Show Strength

Blue chips and small caps lagged and breadth was weak again, with declining stocks beating advancers on both exchanges by nearly 2-to-1. Nvidia soared more than 20% after guiding fiscal Q2 revenue about $4 billion above expectations. KLAC gave a buy signal; MNDY rallied again in fast trade and ELF soared on strong results. Learn more about your ad choices. Visit megaphone.fm/adchoices

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