The Dow Jones Industrial Average briefly added 130 points ahead of gains on Wednesday as Apple shares struggled to gain support at a key level. Microsoft jumped on stock repurchase news, while Tesla shares sought to gain a streak of victories in the current stock market.
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Among the leaders of Dow Jones, the technology titan apple (AAPL) fell 0.7% while Microsoft (MSFT) rose 1.3% on Wednesday. Nike (NKE) draws a new base, but is below a key technical level.
Tesla (TSLA) tried to win the two-day winning streak on Wednesday, falling 0.5% in the morning trade. The EV leader is just above a new entry. PayPal (PYPL) traded up 0.4% on Wednesday as it continues to offer a new point of purchase.
Among the most important actions to buy and see, Palantir Technologies (PLTR), Shopify (SHOP), Yeti (YETI) i ZoomInfo (ZI) are located in or near new shopping areas.
Microsoft, PayPal and Tesla are shares of the IBD rating. Yeti is the IPO leader of the IBD. Nike appeared in the Stocks Near A Buy Zone column this week. ZoomInfo was the IBD 50 Stocks To Watch selection on Tuesday.
Dow Jones Today
The Dow Jones industrial average rose 0.2% on Wednesday morning. The S&P 500 struggled to maintain a 0.2% rise, while the Nasdaq, which used the technology, traded less than 0.1% in midday shares.
General information on the US stock market |
||||
|---|---|---|---|---|
| index | Symbol | Price | Gain / Loss | % Change |
| Dow Jones | (0DJIA) | 34590.50 | +12.93 | +0.04 |
| S&P 500 | (0S and P5) | 4446.46 | +3.41 | +0.08 |
| Nasdaq | (0NDQC) | 15021.12 | -16.64 | -0.11 |
| Russell 2000 | (IWM) | 220.41 | +0.37 | +0.17 |
| MII 50 | (FFTY) | 49.37 | +0.40 | +0.82 |
Last update: 10:44 AM ET 9/15/2021 |
||||
Among the funds listed on the stock exchange, the innovative IBD 50 (FFTY) added 0.1% on Wednesday. The Nasdaq 100 Invesco QQQ Trust ETF (QQQ) tracker faded 0.5%. Meanwhile, the SPF S&P 500 ETF (SPY) flattened out after an advance.
The concentration of the stock market continues
The Nasdaq is on pace to extend a five-day losing streak with light losses on Wednesday. The S&P 500 continues to seek support for its 50-day key line, while the Dow Jones Industrial Average falls further below its own 50-day line.
Tuesday’s The Big Picture column commented: “IBD downgrades and cuts the stock market in 197 industry groups. Some of these groups have shrunk to a minimum of stocks and deserve less attention. But on Tuesday, sales were clearly manifested in oil and gas exploration, telecommunications services and infrastructure, chemicals, banking and steel stocks. At least three dozen industrial groups focused on these areas fell by 2% or more. “
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Dow Jones shares to buy and watch: Nike
According to the analysis of the IBD MarketSmith chart, Dow Jones leader Nike draws a flat base with a buy point of 174.48. But stocks are below their key 50-day mobile line. Regaining support at this critical level would be optimistic for the immediate prospects of action. Shares fell 1% on Wednesday.
As of Sept. 10, Nike was No. 8 on the Dow Jones industrial average, advancing more than 15 percent. Goldman Sachs (GS) was the first Dow Jones share with a 53% year-over-year increase through September 10th.
Actions to buy and see: Palantir, Shopify, Yeti, ZoomInfo
Palantir Technologies is just above the 26.04 point of purchase of the cup with handle, according to IBD MarketSmith chart analysis, amid the 0.2% drop on Wednesday morning. The purchase area of 5% exceeds 27.34.
Shopify continues to track a flat base showing a buy point of 1,650.10, but falls even further below the 50-day moving average. According to the IBD stock check, SHOP shares have a 98 on a 99 of perfect IBD composition. The IBD Composite Rating identifies stocks with a mix of key features and solid techniques.
SHOP shares lost about 1% on Wednesday.
The leader of the IPO, Yeti, is approaching the 105.72 point of purchase of a flat base, gaining 0.3% on Wednesday morning. On the upside, the relative strength line of stocks is near new highs, indicating a strong higher return on the stock market. The RS line should reach a new high on the day of departure, which would confirm that the shares were market leader.
Yeti appeared in the Leaders column of last week’s IPO.
Shares of 50 IBDs on Tuesday to watch, ZoomInfo, are trying to break out of a 67.73 buy point on a flat basis after Tuesday’s breakout attempt, but are below the buy point. Shares lost 1.3% in morning trading.
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PayPal stock
Shares of PayPal lost 0.4% on Wednesday, threatening to fall after the 0.6% gain on Tuesday. The top stocks are right on the 50 day average line.
PayPal trades around 7% of the 310.26 point of purchase on a flat basis. Meanwhile, an aggressive entry stands at 296.80, or a figure above Wednesday’s high.
Tesla shares
Shares of the IBD leaderboard, Tesla shares, fell 0.5% in early Wednesday, at a pace of winning a two-day winning streak. Tesla is in a buy range above an alternative entry at 730. In recent weeks, stocks have regained their aggressive buying point of 700.10 in a correction. Meanwhile, a deep, large base continues to take shape.
On January 25, Tesla shares hit a record high of 900.40, after rising to 93% from a 466 point of purchase in a cup with a handle.
Dow Jones leaders: Apple, Microsoft
Among Dow Jones ’top stocks, Apple was down 0.7% on Wednesday, at a rate that added to Tuesday’s losses. On Tuesday, shares fell 1% following the debut of the company’s iPhone 13.
Apple shares are just below the 148 trend line buying point, while struggling to get support on its 50-day key line.
Software giant Microsoft jumped 1.3% on Wednesday after the company raised its quarterly dividend by 11% to 62 cents a share. The tech giant also announced a $ 60 billion share repurchase program for Microsoft. The shares are approximately 15% above the 263.29 points of purchase of a cup base and are approaching new highs.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more information on Dow Jones growth stocks and the industry average.
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