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Current stock market rally printed; Tesla, Octa, Costco Moving | Investors Business Daily

Dow Jones futures fell modestly on Thursday, along with the S&P 500 futures and Nasdaq futures, among weak Chinese trading data, after the current stock market rally hit another day of heavy sales. The S&P 500 index and Nasdaq slipped during their 200-day moving averages on Thursday, but many growth names went well. At the end of Thursday Tesla announced (TSLA) loans to build its Shanghai factory and lost another top manager. Octa (OKTA), Upland Software (UPLD) and Costco Wholesale (COST) all peaked revenue views. Okta stock and Upland stock looked ready to cross buy points, but not in the same direction. Costco stocks are signaled to move over technical technical levels. Tesla shares rose slightly. X Dow Jones Futures Today Dow Jones futures were 0.25% below fair value. S & P 500 futures dampened 0.25%. Nasdaq 100 futures fell 0.35%. Remember that overnight in Dow futures and elsewhere does not necessarily exceed actual trade on the next regular stock market period. It has really been true this week. Dow Jones futures have pointed to modest gains or losses, not a weekly stock market recovery. The Shanghai Composite fell 2.9%, partly on the US Stock Exchange's sold Thursday, but also due to weak trading data. China's exports decreased by 21% year-on-year, while imports decreased by 5%. It was partly due to the new year of the month, but both fell more than expected. Current stock market newspaper The large average values ​​fell for a fourth straight session. Dow Jones fell…

Dow Jones futures fell modestly on Thursday, along with the S&P 500 futures and Nasdaq futures, among weak Chinese trading data, after the current stock market rally hit another day of heavy sales. The S&P 500 index and Nasdaq slipped during their 200-day moving averages on Thursday, but many growth names went well. At the end of Thursday Tesla announced (TSLA) loans to build its Shanghai factory and lost another top manager. Octa (OKTA), Upland Software (UPLD) and Costco Wholesale (COST) all peaked revenue views. Okta stock and Upland stock looked ready to cross buy points, but not in the same direction. Costco stocks are signaled to move over technical technical levels. Tesla shares rose slightly.




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Dow Jones Futures Today

Dow Jones futures were 0.25% below fair value. S & P 500 futures dampened 0.25%. Nasdaq 100 futures fell 0.35%. Remember that overnight in Dow futures and elsewhere does not necessarily exceed actual trade on the next regular stock market period. It has really been true this week. Dow Jones futures have pointed to modest gains or losses, not a weekly stock market recovery.

The Shanghai Composite fell 2.9%, partly on the US Stock Exchange’s sold Thursday, but also due to weak trading data. China’s exports decreased by 21% year-on-year, while imports decreased by 5%. It was partly due to the new year of the month, but both fell more than expected.

Current stock market newspaper

The large average values ​​fell for a fourth straight session. Dow Jones fell 0.8%. The S & P 500 index withdrew 0.8% and the Nasdaq composite material declined 1.1%, both underperforming their long-term 200-day moving average. But many growth stocks, especially in the software sector, held on Thursday. It twisted the script from Monday, when the big averages fell modestly, but the software and other top layers were suddenly sold. IShares Expanded Tech Software Sector ETF (IGV) slowed 0.2% after a 0.6% retreat on Wednesday. Among the better ETFs in the current stock market rally, IGV ETF is down 3% so far this week.

This is an important day to read The Big Picture.

So far, the stock market seems normal. After 10 consecutive weeks of profits, the stock market was due to some sort of repayment. Look at a weekly chart to put the marketing campaign in context. On the other hand, investors should consider taking at least partial gains to lock in profits. If the stock market continues to slip, you will be glad you did. If the market recovers, you get more capital to distribute, as new buying opportunities arise.

Shares sold on Thursday when the European Central Bank warned of weaker growth in the euro area, announced new stimulus measures and promised not to raise interest rates by at least 2020. These movements raised concerns about global growth and drove the dollar to a 23-month high. Tesla Shanghai Gigafactory Loan

Tesla announced it has secured about $ 520 million in 12-month lending from Chinese banks to help build Shanghai Gigafactory. Tesla aims to increase overall capacity and circumvent auto tariffs on the world’s largest market for electric vehicles and automatic sales.

Meanwhile, Tesla’s CEO of technology, Michael Schwekutsch, leaves the electric car vehicle after more than three years. Many high quality Tesla execs have left the company during the past year.

The Tesla share rose 1% in late trading after rising 0.1% to 276.59 on Thursday. But it is after tumbling nearly 14% in the previous four sessions on Tesla’s latest price cuts and redundancies, as well as the closure of most of its stores, raising concerns about demand.

Okta Earnings Report

The octave earnings report came in better than expected for the fourth quarter. The cyber security company lost 4 cents per share adjusted, which reduced the loss from a year earlier. Revenue increased by 50% to $ 115 million. But Okta looks larger than expected losses for Q1 and 2019.

The Okta share fell 7% to 75.50 in late trading. It signals a test at a 75.59 point of purchase.

Costco Earning

Costco revenue jumped 42% to $ 2.01 a share in the January-second quarter, crushing impressions by 34 cents. Revenue increased 7% to $ 35,396 billion. Core same-store sales increased by 6.7%, with adjusted e-commerce sales increasing 25.5%. At the same time, the February quota increased by 4.6%.

The Costco share was 4.7% to 227. It would drive shares back over its 200-day moving average after the stock market closed 1.1% to 216.79 in the regular session. The Costco share can also break a downward trend line as it works against a 245.26 buy point.

Uppland Software Earnings

Upland Software revenue increased by 57% to 58 cents per share while revenues spread 63% to $ 45.2 million. The manufacturer of software for project and information technology management, workflow automation and digital engagement also led slightly higher for revenue for Q1 and 2019.

Uppland Software warehouse jumped 11% to 37.60 late. It suggests a breakout over a 35.70 cup-with-handle purchase point. The stock rose by 3.3% on Thursday, recovering from its 200-day moving average. The Upland Software share has a 97 IBD composite quality of the best possible 99. However, while the relative control line has moved slightly higher since the beginning of December, it follows a six-month downward trend.

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