Dow Jones Futures Fall: Fed Minutes, Home Depot, Walmart Earnings Ahead

Dow Jones futures prices declined after Monday’s stock market action. Dow Jones shares home depot (HD) and walmart (WMT) will report on Wednesday after key economic data – Fed minutes and US retail sales – before Tuesday’s open.


factory (fn) and ZipRecruiter (ZIP) were major earners after Monday’s close. Shares of Fabrinet rose 12% in extended trading, while shares of ZipRecruiter fell 5%.

Dow Jones Earnings: Home Depot, Walmart

Home improvement retailer Home Depot will report its Q2 results early Tuesday. Analysts expect the company to earn $4.95 per share on sales of $43.3 billion. HD shares closed nearly 25% from their 52-week high on Monday.

Discount retailer Walmart extended the winning streak to seven sessions on Monday, gaining 0.3%. Walmart Q2 earnings are expected to fall 9% year over year to $1.62 per share on revenue of $150.9 billion.

stock market today

The Dow Jones Industrial Average rose 0.45% on Monday, while the S&P 500 was up 0.4%. The tech-heavy Nasdaq Composite climbed 0.6%, extending Friday’s gains.

US Stock Market Today Overview

index sign, symbol worth profit loss % Change
Dow Jones (0USD) 33912.63 +151.58 +0.45
S&P 500 (0S&P5) 4297.14 +16.99 +0.40
Nasdaq (0NDQC) 13128.05 +80.86 +0.62
Russell 2000 (IWM) 201.07 +0.71 +0.35
IBD 50 (FFTY) 29.83 -0.12 -0.40
Last Updated: 4:34PM ET 8/15/2022

Among exchange-traded funds, Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.8% and the SPDR S&P 500 (SPY) rose 0.4%.

EV Giant Tesla (TSLA) rose 3.1% higher on Monday. Among the leaders of the Dow Jones, Apple (AAPL) and Microsoft (MSFT) rose 0.6% and 0.5% respectively in today’s stock market.

In a healthy stock market environment, Dow Jones stock Coke (KO) and Merck (MRK) – as well albemarle (ALB), costco (cost), monolithic power systems (MPWR) and Oli’s Sauda Outlet (OLLI) — among the top stocks to buy and watch.

Albemarle is an IBD leaderboard stock. Albemarle and Costco were featured in this week’s Stocks Near a Buy Zone column.

Dow Jones Futures Today: Treasury Yield, Oil Prices, Fed Minutes

Before Tuesday’s open, the Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were each down 0.1% versus fair value. Remember that overnight action in Dow Jones futures and elsewhere does not necessarily entail actual trading in the next regular stock market session.

The 10-year Treasury yield edged lower on Monday, closing at 2.79% and extending Friday’s loss. In early August, the 10-year yield hit its lowest level since early April, but is now trying to rebound. Meanwhile, US oil prices fell more than 3%, with West Texas Intermediate futures trading below $89 a barrel.

Minutes of its latest meeting of the Federal Reserve are due to expire on Wednesday morning. Minutes from the September meeting are likely to provide clues to the central bank’s views on a possible interest rate hike. At the most recent Fed meeting, the central bank provided a 75-basis-point rate hike for a second straight meeting, and Fed Chairman Jerome Powell indicated a third such hike “might be appropriate” in September.

What to do in the current rally of the stock market?

The stock market’s rally remains healthy, with the Dow Jones Industrial Average hitting a four-day winning streak. The Nasdaq and S&P 500 indexes retreated from Thursday’s negative reversal and have risen in two straight sessions.

With the market showing signs of strength, investors have the green light to increase exposure, but keep positions short to begin with. If a new purchase progresses, increase the exposure systematically. There’s still a lot of uncertainty in the stock market to navigate, so it still makes sense to have a fair amount of cash on hand.

Friday’s The Big Picture column commented, “The stock market roared on Friday to cap its fourth straight week. The index rallied its way higher again, with inflation data encouraging the bulls.” did.”

If you’re new to IBD, consider looking into its stock trading system and CAN SLIM basics. Recognizing chart patterns is one of the keys to investment guidelines. IBD offers a wide range of growth-stock lists such as leaderboards and swing trader.

Investors can also create watchlists, find companies near a buying point, or develop custom screens at IBD MarketSmith.

Five Dow Jones stocks to watch now

Dow Jones Stocks to Watch: Coca-Cola, Merco

Dow Jones soda giant Coca Cola is building a flat base with a 67.30 buy point. There is also a handle entry running on 65.14. Shares are rebounding from their 50-day line amid Monday’s 1.3% rally and are nearing an opening entry.

Merck is also forming a flat base, a pattern showing a 95.82 buy point. Shares are trying to hold above their 50-day line amid a 0.5% drop on Monday, according to IBD MarketSmith chart analysis.

According to IBD Stock Checkup, MRK stock shows a solid 94 out of a perfect 99 IBD overall rating. Investors can use the IBD composite rating to easily measure the quality of a stock’s fundamental and technical metrics.

4 Top Growth Stocks To Look ForRstock market rally

Top stocks to watch: Albemarle, Costco, Monolithic, Ollie’s

IBD leaderboard stock and lithium maker Albemarle is in a buying range after a big cup with Handel’s 273.78 buy point following Friday’s breakout. The 5% buy zone goes up to 287.47. Early last week, the shares topped a short cup with a 250.25 buy point. Shares were up 0.9% on Monday, extending the winning streak to four sessions.

Retail giant Costco is manufacturing a cup that shows 552.81 purchase points. The stock rose 1.6% on Monday and is down about 3% from the latest entry.

The Day Monolithic Power Systems’ recent IBD stock added a handle to the one-cup base last week, moving the correct buy point from 580.10 to 541.49. Meanwhile, the stock remains above the 514.80 entry. The stock was up 1.7% on Monday.

Olly’s Bargain Outlet is repurposing its 10-week line — a key support level — that puts the top discount retailer in a new buying zone. Shares are also forming a handle after a large cup base, putting the latest buy point at 72.37. The current price action is about 10% off that entry. Shares fell 0.4% on Monday.

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

Tesla Stock

Tesla stock climbed 3.1% on Monday, closing at its highest level since May 4. The stock is again trying to move decisively above the resistance around its 200-day line, which is an important level to watch. The 3-for-1 stock split will take place on August 24.

The stock is down about 25% from its 52-week high.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones shares, Apple shares climbed 0.6% on Monday, rising for the second-straight day. The stock continues to form the right side of a cup base with 179.71 buy points. Another explanation could be a large double bottom that extends to January. Either way, the buying point is the same. Keep an eye out for a potential handle to form and offer a low entry.

Bullishly, the stock’s relative strength line is already at new highs, indicating an outperformance in the larger stock market.

Microsoft gained 0.5% on Monday, closing just below its longer-term 200-day line, a key resistance area to watch. The stock ended up about 16% from its 52-week high.

Be sure to follow Scott Lehton on Twitter @IBD_SLehtonen For more information on growth stocks and the Dow Jones Industrial Average.

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