Dow Jones (Dow Jones) futures and Friday’s S&P 500 futures and Nasdaq (Nasdaq) futures fell slightly early on Friday. Twitter (TWTR), Tesla (TSLA) Competitor o (NIO) and Apple suppliers Skyworks solution (SWKS) led another busy period of after-hours earnings. The stock market rose on the main index on Thursday, but the see-saw behavior and breakthrough reversal were disappointing.
The S&P 500 Index and the Nasdaq Composite Index hit record highs, and Wall Street opened strongly. However, as Nasdaq (Nasdaq) fell sharply, and then rebounded to obtain a small gain, the stock gave up its gains almost immediately. Facebook (FB) Earnings rose and closed strongly. Century Community (CCS) and energy stocks also rose sharply.
Key benefit delay
Amazon.com (AMZN), Nio, KLA Corp. (KLAC), Twitter, Fortin (FTNT), Atlassian (Team) and Five9 (FIVN) Reported earnings.Also Almighty battery (OMCL) Dexcom (DXCM) and apple (AAPL) Supplier Skyworks and Cirrus Logic (CRUS).
Simultaneously, Digital Turbine (APPS) announced that the preliminary fiscal revenue for the fourth quarter was higher than market expectations. Overnight APPS stock rose 6%, but this is likely to be below its 50-day line.
Amazon’s stock price rose in late trading driven by blowout earnings, hitting a record high and sending a buy signal. Software makers Five9 and Atlassian also triggered buying signs, and FTNT’s stock also rose. Nio’s stock was basically flat. But Twitter, Skyworks and Cirrus Logic were sold off, and Dexcom and KLA also retreated. OMCL inventory has not been activated.
FTNT stock is on the list of long-term IBD leaders. TEAM stock is on the “long-term leader” watch list. The price of Tesla’s stock is IBD 50.
Dow Jones Futures Today
Dow Jones futures prices fell 0.2% from fair value. S&P 500 futures fell 0.3%. Nasdaq 100 futures fell 0.4%.
Keep in mind that overnight trading in Dow Jones Index futures and elsewhere will not necessarily translate into actual trading in the next regular stock market session.
Join IBD experts, who analyze the operational stocks that are rising in the stock market on IBD Live.
Global coronavirus cases reached 15114 million. The death toll from Covid-19 exceeds 3.17 million.
In the United States, the number of coronavirus cases has reached 33.04 million, and the death toll has exceeded 589,000.
Stock market rebound
The main index of the stock market rose closed higher, but also showed some weakness.
The Dow Jones Industrial Average rose 0.7% in Thursday’s stock trading, including the Standard & Poor’s 500 Index. The Nasdaq Composite Index edged up 0.2%, offsetting the intraday drop, but it was far from exceeding the opening high of 1%.
Apple shares rose to 137.07 at the opening, breaking through the 135.63 cup (with handle) base. But the stock price fell rapidly, closing down 0.1% to 133.48. Late Wednesday, Apple reported that due to strong iPhone sales, a spurt of growth, it also announced interest rate hikes and $90 billion in stock repurchases. But the guidance is conservative.
Among the best ETFs, the innovative IBD 50 ETF (FFTY) fell 0.7%, while the innovative IBD Breakthrough Opportunity ETF (BOUT) rose slightly by 0.1%. iShares’ expanded technology software ETF (IGV) fell 1.4%, of which Current service (Now) Roll over to put other software names under pressure. The VanEck Vector Semiconductor ETF (SMH) rose 0.9%. Qualcomm’s earnings, together with Qualcomm’s Apple’s performance, are an important part of Qualcomm’s stock and help support other iPhone suppliers, including Skyworks.
The SPDR Standard & Poor’s Metals and Mining ETF (XME) fell 2.3%, and the Global X US Infrastructure Development ETF (PAVE) rose slightly by 0.3%. The US Global Jet ETF (JETS) fell 0.15%.
ARK Innovation ETF (ARKK) fell 2.9% and ARK Genomics ETF (ARKG) fell 2.1%, both reflecting speculative story stocks, both of which encountered resistance at the 50-day decline. Tesla stock is the largest overall holding of the ARK Investments ETF.
The 5 best Chinese stocks to buy and watch now
Amazon’s revenue soared by 215%, surpassing previous beliefs, while e-commerce and cloud computing giants have higher guidance prices. AMZN’s stock rose by 2.35% to 3,553 in after-hours trading, but it definitely did not fall back from the after-hours gains. The stock price rose slightly by 0.4% to 3,471.31 on Thursday, within the range of the 3,346.03 handle buy point. This situation coincides with the peak of Amazon stock in early February. Investors can also use 3,552.35 higher than the combined high as another ticket.
With losses exceeding expectations, Weilai Auto’s revenue fluctuated in the first quarter, but sales soared, exceeding market expectations. The Chinese electric car manufacturer also put forward higher guidance for second-quarter revenue. In the overnight operation, Nio’s stock did not fluctuate much.The stock price fell 5.3% on Thursday to 38.99, hitting the 50-day resistance again, as Ford (F) said that due to the industry’s shortage of chips, it will have to cut production in the second quarter.
Tesla shares fell 2.5% on Thursday to 677 points, breaking below the 50-day line and the short-term high in March. The stock price fell slightly overnight. TSLA stock still has 780.89 cup handle trading points, but fell 8.3% in each of the three trading days.
Skyworks’ earnings were slightly better than expected, while the iPhone supplier’s guidance was slightly higher than the analyst’s target. But SWKS stock fell 7.5% in after-hours trading. After hitting an intraday record of 204, the stock rose 0.7% to 197.86 on Thursday. The buying point for Skyworks stock is 194.59.
Cirrus Logic Benefits
Cirrus Logic’s revenue and revenue are insufficient. In the overnight operation, CRUS shares fell 11%. Apple suppliers edged up 0.2% on Thursday to 86.24. The buy point for Cirrus Logic stock is 103.35. The bottom line of the formation of shares is too low for normal operation. But investors can use 89.44 as an early entry ticket.
KLA earnings were better than expected. KLAC’s stock fell 2% in after-hours trading. The chip equipment giant rose 0.5% on Thursday to 326.36, gaining support near the 50-day line. KLAC stock broke out in early April, but fell quickly. The stock may be forming a new merger. Investors can break the morning price of 340, the high of last week.
Dexcom’s earnings were better than expected. The diabetes product manufacturer gave full-year online revenue guidance, but this was after steadily exceeding sales expectations for the first quarter. DXCM stock fell 6% in late trading. The stock price fell 1% on Thursday to 421.70. The repurchase point of Dexcom shares is 456.33, which can be traced back to the beginning of August. Investors can use 423.50 as early entry funds.
Fortinet’s earnings exceeded expectations and has a strong guiding role. FTNT shares rose 4% in overnight trading. The share price of the cybersecurity leader fell 1.3% to 195.47. Thursday. Fortinet’s stock has fallen slightly from its April 16 high, but no new tickets have been offered.
Atlassian’s revenue also exceeded expectations in the third quarter, and the guidance is also strong. TEAM shares rose nearly 6% to 241 points. The stock price fell 3.3% to 228.12. The lowest point of TEAM stock is 241.14 and the lowest point is 241.13.
5 9 incomes easily beat. FIVN stock skyrocketed 7% overnight to 186. The stock price fell 2.9% to 174.26. The reserve price of Five9’s cup is 201.85. However, aggressive investors can use 181.98 as a tool to enter the market early, and the price is too low to be appropriate.
Omnicell’s revenue ranks first, and the drug distribution automation company signed Scripps Health as a customer. OMCL stock is not yet active. The stock price rose 1% on Thursday to 143.86. Omnicell stock is based on a purchase price of 146.10, which is part of the foundation-based infrastructure.
Twitter’s revenue exceeded expectations, but with the announcement of revenue guidelines, user growth failed to materialize. TWTR shares plunged 11.5% overnight, marking its decline to the bottom of the consolidation. The stock price fell 0.9% to 65.09 on Thursday.
Market rebound analysis
The stock market rose on Thursday to close higher, but in many ways, this was disappointing. Several early breakthroughs failed, but the overall breadth was weak.
How meaningful is Thursday’s action? If the major stock indexes and major stock indexes settle down and set new highs soon, Thursday’s early sell-off will soon be forgotten. However, if the sell-off continues or the stock meets resistance near current levels, Thursday’s action will be even greater.
What drove the fall from the high on Thursday morning? There are several possible factors.
- On Tuesday night, US President Joe Biden (Joe Biden) proposed a tax on the business and capital gains of the wealthy, even though these are widely known.
- Ford’s chip-related production cuts shocked the entire industry.Ford plunged nearly 10%, while General Motors (GM), Volkswagen (VWAGY) and Tesla’s stock prices have also fallen.
- Current service (NOW) The software plummeted due to disappointing key indicators.
- The goal of the Biden administration is to classify gig economy workers as employees, thereby undermining the business model. Uber (UBER), elevator (elevator), Dash (DASH) etc.
- The 10-year U.S. Treasury bond yield jumped to a maximum of 1.688%, and then fell back to only 1.64%. In the past week, this situation has continued to rebound. Although many financial stocks rose, the higher yields on 10-year Treasury bonds put pressure on the market, especially high-value growth stocks.
But in the final analysis, it doesn’t matter why the stock moves. What matters is whether they rise or fall.
In any case, Thursday is a good example of why investors have to wait at least five minutes after the market opens before buying stocks, especially after major news. Investors who did this could have avoided falling into rapid and compelling breakthroughs like Apple and Apple. Alignment technology (ALGN).
With the start of trading on Friday, investors may make a decision. Generally, it is usually a good idea to wait for a struggling stock to regain critical support before the end of the week and then sell the remaining stock. Therefore, make sure that your exit strategy is in place.
Read The Big Picture every day to keep up with the market direction and leading stocks and industries.
Please follow Ed Carson on Ed via @IBD_ECarson on Twitter for stock market updates and other information.
You may also like:
Why use this IBD tool to simplify the search for popular stocks
Use MarketSmith to capture the next big winner stocks
Want to make quick profits and avoid huge losses? Try SwingTrader
The best growth stocks to buy and watch
IBD Digital: Unlock IBD’s advanced inventory lists, tools and analysis