Dow Jones Surges 376 Points Into Key CPI Inflation Report; What To Do Now

1 month ago Investor's Business Daily

Dow futures were little changed ahead of Tuesday's open after the Dow Jones Industrial Average rallied 376 points Monday. Stock Market TodayOn Monday, the Dow Jones Industrial Average and the S&P 500 each rose 1.1%. Among Dow Jones stocks, Apple (AAPL) rose 1.9% and Microsoft (MSFT) jumped 3.1% in today's stock market. But be ready to move quickly as things can rapidly change on the stock market, especially with Tuesday's release of the CPI inflation report. Dow Jones Leaders: Apple, MicrosoftAmong Dow Jones stocks, Apple shares jumped 1.9% Monday, rebounding from last week's losses.
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Stock Market Bounces At Weekly Support; Musk Escape Clause? SNAP Snaps

The major stock market indexes sold off overnight into Friday and bounced at the edges of Monday's opening. Twitter (TWTR) stock sold off after allegations the Biden administration may have handed Elon Musk a get-out-of-deal-free card. Stock Market EarningsDow Jones component American Express (AXP) fell nearly 5% despite strong earnings and revenue in line with estimates. Stock Market Movers And ShakersAT&T (T) added another 2% in the first hour after rallying 7.7% on Thursday, in reaction to a surprisingly upbeat earnings report and outlook. If You Want To Find Winning Stocks, Better Know ItIBD Live: Learn And Analyze Growth Stocks With The ProsLooking For The Next Big Stock Market Winners?

5 months ago Investor's Business Daily

Oil Stocks Bounce As China Concerns Ease

However, U.S. crude oil prices reversed Monday's early losses, settling up 1.2% to $77.24 per barrel. China Protest Impact On Oil StocksMonday's fall in oil prices and oil stocks followed reports that hundreds of protesters marched Sunday in Beijing and in Shanghai. Oil stocks and oil-related stocks responded Monday. Oil Stocks Take Back Ground Amid China Covid ShiftEnergy giants Exxon Mobil (XOM) and Chevron (CVX) added more than 1% in premarket trade. U.S. oil prices felt some added pressure on Monday after the White House on Saturday eased oil sanctions on Venezuela.

3 months ago Investor's Business Daily

Single-Family Home Rentals And The Rise Of Large Landlords

Before 2008, investors with five or more properties owned about 10 million single-family rental homes, according to information presented in the House report. That was a bit less than 8% of the 129.64 million single-family homes late in 2007, based on Census Bureau data. Large Buyers Take Advantage Of CrisesBy the end of 2021, Tricon Residential owned 29,000 single-family home rentals, primarily in the U.S. Sunbelt. A 2018 study of post-foreclosure single-family rental homes in Atlanta found large landlords were 68% more likely to file for evictions than small landlords. And the share of institutional single-family home purchases fell to 20% in June, down from the 28% peak in February.

4 months ago Investor's Business Daily

Vertex Shrugs Off Recent Malaise With A Third-Quarter Beat-And-Raise

Vertex Pharmaceuticals (VRTX) beat third-quarter expectations, helping VRTX stock surge on Friday. XIn midday trading on today's stock market, VRTX stock advanced 4.2% and was trading near 300.10. It was unclear what drove the dive, though it could possibly be related to an upcoming presentation from 4D Molecular Therapeutics (FDMT) for a cystic fibrosis treatment. Today, Vertex is the de facto leader of the cystic fibrosis market. VRTX Stock: Trikafta Cannibalization ContinuesVertex's newest medicine, Trikafta, was the only of its four cystic fibrosis products to grow.

4 months ago Investor's Business Daily

Dow Jones Futures Fall: Market Rally Wipes Out Powell Gains As Apple, Exxon, Tesla Skid

Dow Jones futures fell early Wednesday, along with S&P 500 futures and Nasdaq futures. XThe stock market rally had another weak session, with Apple (AAPL) and Exxon Mobil (XOM) breaking below key levels Tuesday while Amazon.com (AMZN) and Tesla (TSLA) are starting to move toward bear market lows. This stock market rally has had several big one-day gains followed by pullbacks. Join IBD experts as they analyze actionable stocks in the stock market rally on IBD LiveStock Market RallyThe stock market rally quickly retreated after Tuesday's open and continued to trend lower during the day before slightly paring losses near the close. Time The Market With IBD's ETF Market StrategyWhat To Do NowSo far, the market rally has eventually rebounded each time, setting higher highs along the way.

3 months ago Investor's Business Daily

Tesla Stock Dives As Tesla Carves Prices Lower In China, Japan, Australia

Tesla stock was poised to skid to new 30-month lows Friday after the company steepened its discounts on Model 3 and Model Y autos sold in China. XThe China price cuts, the company's second discount in the country in fewer than 10 weeks, focused growing attention on a weakening of consumer demand. Tesla also cut Model Y and Model 3 prices in Japan, South Korea and Australia, according to Nikkei Asia. Also on Thursday, Mizuho maintained its buy rating, while modestly trimming its price target on Tesla stock to 250, from 285. Tesla stock dropped more than 60% in 2022, and is down another 10% in January.

2 months ago Investor's Business Daily

MEDP Stock: IBD Stock Of The Day Flashes Buy — But Tread Cautiously

Medpace Holdings (MEDP) is Tuesday's IBD Stock Of The Day as MEDP stock bounces off its 50-day line amid bullish fourth-quarter expectations. In the months since, however, MEDP stock trended down and then sideways. But MEDP stock soared almost 38% the day after the company issued its outlook. MEDP stock has a strong Relative Strength Rating of 95 out of a best-possible 99. Shares also have a nearly perfect Composite Rating of 96, putting MEDP stock in the leading 4% of all stocks in terms of fundamental and technical measures.

2 months ago Investor's Business Daily

CPI Inflation Rate Slides, But Core Prices Are Sticky

The CPI inflation rate fell faster than expected in December. However, core inflation, which strips out food and energy, only slowed in line with forecasts amid stubborn services inflation. XThe CPI inflation rate eased to 6.5% from 7.1% the prior month vs. Wall Street expectations of 6.6%. The annual core inflation rate eased to 5.7% from 6%. The core CPI inflation rate peaked at a 40-year-high 6.6% in September.

2 months ago Investor's Business Daily

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