The Dow Jones index rises after the release of key economic data; Netflix is ​​among the top 7 stocks to buy and watch

The Dow Jones index rises after the release of key economic data;  Netflix is ​​among the top 7 stocks to buy and watch

The Dow Jones Industrial Average continued its ongoing winning streak on Tuesday as stock market bulls continued to rally following a new housing report. Meanwhile, Netflix stock is among the seven best stocks to buy and watch amid the market’s new highs.


The Commerce Department revealed housing starts and building permits for November before the market opened. The number of housing starts rose to 1.560 million, beating estimates for a decline to an annual rate of 1.36 million versus October’s rate of 1.372 million. But permits slowed more than expected, reaching a rate of 1.460 million compared to October’s rate of 1.487 million.

Early on Tuesday, Accenture (ACN), FactSet (fds) f Hello who’s there (HEI) was the main driver of earnings.

Accenture shares were down nearly 2% in morning trading, while FDS stock was down nearly 4%. Heico shares rose nearly 3% after closing Monday above the cup base entry level of 182.18.

Late Tuesday, the shipping giant fedex (FDX) is scheduled to announce its earnings results.

Dow Jones Index Today: Oil Prices and Treasury Yields

After the opening bell on Tuesday, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 rose 0.2%. The Nasdaq Composite Index, dominated by technology stocks, rose 0.3% in morning trading. The Dow Jones and Nasdaq are moving toward their ninth straight day in the black.

Among U.S. exchange-traded funds, the Nasdaq 100 Invesco QQQ Trust (QQQ) rose 0.3%, while the SPDR S&P 500 ETF (SPY) rose 0.2% early Tuesday.

The yield on the 10-year US Treasury note fell to 3.92% on Tuesday morning. on monday. The index rose to 3.95%, moving away from its lowest level since late July.

Oil prices stalled on Tuesday after a four-day rebound, with West Texas Intermediate crude futures falling. West Texas Intermediate crude settled at just under $73 a barrel. Last week, WTI reached its lowest level since late June before rebounding.

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Stock market pool

On Monday, the Nasdaq Composite rose for the eighth straight session. The S&P 500 also would have hit its eighth straight record if not for a slight loss on Friday. Currently, both indices are at their highest levels since January 2022 and heading into the new year. Meanwhile, the Dow Jones hit a new all-time closing high on Monday with its eighth straight gain.

“With the Nasdaq up 0.6%, its two distribution days of November 30 and December 4 have been eliminated. The index is up more than 5% since the close of those distribution days. That leaves just one distribution,” the Big Picture column said Monday. day on the Standard & Poor’s 500 Index, a number that adequately reflects the bullish position of the stock market.

Market tops occur over several weeks, as institutional investors shift from buy mode to sell mode. The shrinking number of distribution days indicates that institutions have not yet sold in the record market high.

Now is an important time to read IBD’s “Big Picture” column amid continued gains in the stock market. Be sure to read How to Invest During a Continuing Uptrend.

Learn how to time the stock market with IBD’s ETF market strategy

Stock Market Today: Best Stocks to Buy and Watch

IBD Stock Leaderboard Datadog (Doug), Dwarf beauty (ELF), IBD SwingTrader Case Netflix (NFL) and Snowflake (SNOW) – along with Dow Jones stocks American Express (earn), C. B. Morgan Chase (JBM) and visa (V) – Among the best stocks to buy and watch in the current market rally.

Apple and Snowflake are shown in the column of stocks near the buy zone.

Get real-time buy and sell alerts on stock market leaders with the IBD Leaderboard

Dow Jones Stocks to Watch: AMEX Breakout

Leading financial company American Express surpassed a 175.31 buy point on a cup with handle, posting sharp gains last week. AXP stock added another 0.4% early Tuesday.

Banking giant JPMorgan is in a buy range beyond a 159.38 buy point in a cup base, up 0.6% on Monday. JPM stock fell 0.2% on Tuesday.

Payments leader Visa snapped a two-day losing streak on Monday, remaining in buy range above the 250.06 entry level in the cup base, according to IBD MarketSmith pattern recognition. V stock fell 0.1% on Tuesday.

4 Higher Growth Stocks to Watch in Stock market pool

Stocks to Buy and Watch: NFLX Breakout

IBD SwingTrader Netflix stock now ranks among the best stocks to buy and watch as it rose 3% on Monday. The streaming giant surpassed its 482.70 buy point in a cup with handle. NFLX stock added 0.7% Tuesday morning.

IBD Leaderboard’s Datadog stock breaks through the swing buy barrier at 120.26 after big gains in recent weeks. DDOG stock rose 0.8% on Tuesday, higher than the last entry.

ELF Beauty is out of buy range after entering 139.85 cups following Monday’s 2.4% advance, according to IBD MarketSmith. The buy zone rose 5% to 146.84. ELF stock rose 0.9% on Tuesday.

AI leader Snowflake is in a buy range beyond the cup-with-handle buy point of 192.66. SNOW stock rose on Tuesday, about 3% above the buy level.

Top stocks in today’s stock market action

These are the four best stocks to watch in the stock market today, including Dow Jones stocks.

Company Name Code Correct point of purchase Point of purchase type
Applied materials (truly) 145.86 Alternate entry
JP Morgan (JBM) 159.38 Cup base
Netflix (NFL) 482.70 Cup with handle
Snowflake (the snow) 192.66 Cup with handle
Source: IBD data as of December 18, 2023

Join IBD experts as they analyze the leading stocks in the current stock market rally on IBD Live

The 7 Great Stocks: Nvidia and Tesla

Among the so-called “Great Seven” stocks, Tesla (TSLA) rose 0.7% early Tuesday, while… Nvidia (NVDA) shares fell by 1.4%.

Graphics chip giant Nvidia rose 2.4% on Monday, extending its winning streak to five sessions. NVDA stock has now extended above the double entry level of 476.09.

Tesla stock fell 0.6% on Monday, ending a three-day winning streak and closing back below its early entry level of 252.75. The stock’s large double bottom pattern has a buy point of 278.98.

Dow Jones leaders: Apple, Microsoft

Two Dow Jones stocks are in the Magnificent Seven zone, apple (Apple) and Microsoft (MSFT), traded mixed after the stock market opened today.

Apple stock fell 0.85% on Monday, as its breakout move continues to falter. Shares are barely above the cup-with-handle entry level of 192.93. Apple shares rose slightly on Tuesday.

Microsoft stock added to its gains above a key buy point of 366.78 cups during Tuesday’s 0.5% rise. The software giant’s stock fell 0.1% on Tuesday morning.

Be sure to follow Scott Lehtonen on X, formerly known as Twitter, at @IBD_SLehtonen To learn more about growth stocks and the Dow Jones Industrial Average.

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