Dow Jones futures fell modestly late Thursday night along with S&P 500 futures and Nasdaq futures. The post-election stock market rally benefited even more on Thursday, boosted by generally positive earnings and dubious rhetoric from the Federal Reserve. Such as megacup stocks Apple (AAPL) and Micro .ft are buying stock buy signals.
X
After closing, Roku stock, Square (SQ), Cloudflare (Net), Exxon Enterprise (AAXN), Trade desk (TTD), T-Mobile U.S. (TMUS) and Peloton Interactive (PTON) were among the many notable earnings reports.
Roku (RQ), Square Stock, CloudFlare, Exxon Enterprise, Trade Desk, T-Mobile and Piloton all beat the earnings scenario, with Roku making surprising profits. All except overnight Peloton stock. Exxon and T-Mobile stocks, at the very least, are flashing on buy signals.
The stock market rally continues on the election results
The rally in the stock market on the Dow Jones and S&P 500 was confirmed by strong gains on Wednesday. Key indices and leading stocks also moved stronger on Thursday, following the Nasdaq’s own follow-up day. The Dow Jones has closed well with its 50-day line. The Nasdaq and S&P 500 indexes rallied just below their peaks in mid-October.
Micro .ft (MSFT), like the Nasdaq and the S&P 500, continue to flash buying signals. Apple Pal Stock, Amazon.com and Salesforce.com (CRM) is now also giving an initial entry. Facebook (FB) and Google Parent Alphabet (Google) further increased their purchase range.
Many more leading stocks cleared buy points on Thursday, including II-VI (IVI), Yeti (YETI) and Paltir (PLTR), while an additional benefit from recent breakouts.
Investors prefer the current election results, which indicate that Biden will win the presidency, while G.O.P. The Senate would favor handling, suggesting no major changes. However, there is still a declining chance that President Donald Trump could pull off a victory in the second Electoral College. Georgia, meanwhile, is likely to run for two Senate seats on January 5.
The micro .ft stock is on the IBD leaderboard. Micro .ft and CRM stock IBD are long-term leaders. Amazon is on stock and Facebook is on IBD50.
Dow Jones futures today
Dow Jones futures fell 0.4% to fair value. S&P 500 futures sank 0.45%. Nasdaq 100 futures retreat 0.5%. Remember that overnight trading in Dow futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.
But Dow Jones futures have pointed to strong market gains over the past few sessions.
At 8:30 a.m. Friday, the October October employment report is pending. Dow futures are sure to move before it opens.
Join IBD experts as they analyze the additional stocks in the stock market boom on IBD Live.
Corona virus news
The coronavirus case has reached 49.01 million worldwide. Covid-19 deaths topped 1.23 million.
U.S. Coronavirus cases have hit 9.91 million in India, killing 200,000 people.
New coronavirus cases topped 118,000 so far today, already surpassing Wednesday’s record. Daily mortality tends to be slightly higher, but nowhere near record highs.
Stock market rally on Thursday
US stock market observed today |
||||
|---|---|---|---|---|
| Index | Symbol | Price | Advantages / disadvantages | Change% |
| Dow Jones | (0 DJIA) | 28390.51 | +542.85 | +1.95 |
| S&P 500 | (0s and p5) | 3510.41 | +66.97 | +1.94 |
| Nasdaq | (0NDQC) | 11890.93 | +300.15 | +2.59 |
| Russell 2000 | (IWM) | 164.95 | +4.53 | +2.82 |
| IBD50 | (FFTY) | 39.35 | +1.07 | +2.80 |
Last updated: 4:24 PM ET 11/5/2020 |
||||
The stock market rally led to a stronger gain on Wednesday’s election results.
The Federal Reserve did not implement further fiscal stimulus for now, but Fed Chief Jerome Powell indicated that policymakers are more prepared to do the necessary work.
The Dow Jones Industrial Average rose 1.95% in average stock market turnover. The S&P 500 index also rose 1.95%. The Nasdaq Composite was up 2.6% in volume compared to the previous session. It qualifies as a follow-up day for the tech-heavy index.
Good performance in growth stocks. Among the best ETFs, the innovator IBD50 ETF (FFTY) grew 2.8%. Eichers Extended Tech-Software Software Sector ETF (IGV) with key components of Salesforce Stock and Micro .ft rallied 2.3%. Vanek Vectors Semiconductor ETF (SMH) rose 4%.
Tech giants in the range
Apple Pal stock rose 3.55% to 119.03, clearing its 50-day line and moving ahead of the trend line. It provides an early buy signal, but the iPhone maker is clearly not leading the charge. Micro .ft jumped 3.2% to 223.29, closing at 225.31 by points. It is still in the entry range from early Wednesday as it comes above the 50-day line and breaks the downtrend. Amazon popped 2.5%, clearly breaking the downtrend after its 50-day withdrawal on Wednesday. The CRM stock pops 3.8% at 260.22, reclaims its 50-day line and closes right on the trend-line starting from the left side of the double-bottom. Investors can start the position today, cross the trend line, add to the shares and finally come back to the official 270.26 by point.
Facebook rose 2.5% to 294.68%, still reaching an all-time high of 285.34 early entries. Google stock, already at a high level, rose nearly 1% to 1,762.50. It is still in the range of 1,726.20 cup-base by points.
While these megacaps may not be the big leaders in this new stock market boom, investors may consider putting in some money to add relative stability compared to wild highflyers.
Roku, Square Lead Key Revenue
Roku’s earnings came in at 9 cents, which rejected comments for a 40-cent loss on the stock. Revenue is much higher than estimated at 73% to 1 451.7 million. Roku stock rose 3% in overnight trading. On Thursday, the stock ran 4.3535%, which will extend the big rebound from the 0-day line.
Square revenue rose 36% year-on-year to 34.34 cents a share, up 1%% to 33 3.33 billion. Analysts had expected earnings of 16 cents per square foot and revenue of 2.0 2.07 billion. Square rose 3.7% overnight, near a record high.
Piloton has views with 137% subscribers in earnings and sales. But the home fitness leader said delivery of the bike to new customers would face delays in Q2 2021. Piloton stock fell 7% in extended trading after rising 6.8% on Thursday.
Exxon earnings rose 43% to 40 cents a share, rejecting speculation of a decline. Revenue for the makers of teasers, body cameras and digital evidence collections rose 27% to 6 6,166.4 million. Federal law enforcement order bookings are 400% sky high. Xxon stock rose 7.4% to 116.50, indicating a move above 113.10 by points from a high handle or short consolidation next to the long base.
Cloudflare stock rose 11% overnight. NET stock is poised to clear short-term consolidation after gaining support at its 21-day exponential moving average in late October. Cloudflare’s earnings were surprising, while revenue growth is at its peak. The guidance for the current quarter was slightly above the outlook.
Trade Desk earnings beat Adjusted EPS View by adj૨ cents per share of 1.27. Revenue rose 32% to 6 216.1 million, hitting easily. TTD stocks popped 12%, a record high.
A year ago, T-Mobile’s earnings per share was 1.01. But that was almost double analysts ’estimates for T-Mobile’s earnings of 51 cents. Revenue from sprint mergers rose 74% to .3 19.3 billion. He was above the above opinions. TMUS stock rose 6% to 124.75 overnight, which will be a new high. Investors can treat 123.52 as a buy point.
What you should do now
With the Dow Jones, S&P 500 and now the Nasdaq following days, the stock market rally is now three strong moves. Leading stocks have broken everywhere. This is definitely the time to move on to exposure. While it can be difficult to shift your mindset from defensive to offensive, the early stages of a new market rally are often when the big leaders of the run burst. With a big gain in the market, new purchases generally make strong progress, cushioning investors for the inevitable down day.
This does not mean that you need to be limited to exposure to all cash or margins in Flu. The market rally draws you.
Work on those watchlists and study your potential goals.
Read the big picture every day to stay in tune with the market direction and leading stocks and sectors.
Please follow Ed Carson on Twitter IBD_ECarson For stock market updates and more.
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