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Narrow Gains As Earnings Divide Dow Jones Stocks Investor's Business Daily

The stock market today got a positive start, as earnings from Twitter (TWTR), Lockheed Martin (LMT) and two Dow Jones stocks helped fuel Tuesday's modest early gains. 19659002] X The Nasdaq swung 0.4% higher, while S&P 500 added 0.2%. ( For the latest news and market coverage visit the Stock Market Today .) The Dow Jones industrial edged up 0.1%, as Coca-Cola ( KO) and United Technologies (UTX) jumped on earnings surprises. Verizon (VZ) and Procter & Gamble (PG) slid the bottom of the Dow, after their quarterly results. Earnings reports sent Twitter, Lockheed Martin, Hasbro (HAS), Whirlpool (WHR) and Cadence Design (CDNS) to early early gains Hasbro and Cadence Systems led among Nasdaq 1 00 stocks. At the bottom of the Nasdaq 100, Tesla (TSLA) and Apple (AAPL) were down 1.5% and 0.3%, respectively. IPOs were active, as Jumia Technologies (JMIA), Cactus (WHD), Trade Desk (TTD) and Lift (LIFT) moved higher. Qualcomm (QCOM) took an early lead among chipmakers, up almost 2% on the roll-out of what is purported to be China's first 5G network. Medical equipment maker Waters (WAT) tanked to the bottom of the S&P 500 on disappointing first-quarter results. Spam-maker Hormel (HRL) was also among the S&P 500's hardest hit, down on an analyst downgrade Dow Jones Stocks: Coke, United Tech Surge Coca-Cola and United Technologies scrambled more than 2% higher in early action. Coke scored narrow earnings and revenue beats, following a boost from U.K. and European Union bottlers stockpiling inventory ahead of the U.K.'s…

The stock market today got a positive start, as earnings from Twitter (TWTR), Lockheed Martin (LMT) and two Dow Jones stocks helped fuel Tuesday’s modest early gains. 19659002] X

The Nasdaq swung 0.4% higher, while S&P 500 added 0.2%. ( For the latest news and market coverage visit the Stock Market Today .)

The Dow Jones industrial edged up 0.1%, as Coca-Cola ( KO) and United Technologies (UTX) jumped on earnings surprises. Verizon (VZ) and Procter & Gamble (PG) slid the bottom of the Dow, after their quarterly results.

Earnings reports sent Twitter, Lockheed Martin, Hasbro (HAS), Whirlpool (WHR) and Cadence Design (CDNS) to early early gains

Hasbro and Cadence Systems led among Nasdaq 1

00 stocks. At the bottom of the Nasdaq 100, Tesla (TSLA) and Apple (AAPL) were down 1.5% and 0.3%, respectively. IPOs were active, as Jumia Technologies (JMIA), Cactus (WHD), Trade Desk (TTD) and Lift (LIFT) moved higher.

Qualcomm (QCOM) took an early lead among chipmakers, up almost 2% on the roll-out of what is purported to be China’s first 5G network. Medical equipment maker Waters (WAT) tanked to the bottom of the S&P 500 on disappointing first-quarter results. Spam-maker Hormel (HRL) was also among the S&P 500’s hardest hit, down on an analyst downgrade

Dow Jones Stocks: Coke, United Tech Surge

Coca-Cola and United Technologies scrambled more than 2% higher in early action. Coke scored narrow earnings and revenue beats, following a boost from U.K. and European Union bottlers stockpiling inventory ahead of the U.K.’s potential exit from the EU.

Jet engine and aircraft components maker United Technologies posted an 8% earnings gain vs. views for a decline. Revenue jumped 20%, comfortably topping analyst estimates. United Tech is up to 6% since moving above a 129.74 buy point on April 1.

Twitter, Lockheed Surge On Earnings

Twitter flew 12% higher, scoring and early breakout Tuesday. A 132% earnings gain surprised analysts expecting a slight decline, and 18% revenue growth also topped. The company reported 330 million monthly average users, down vs. year-on-year levels but higher than the fourth quarter.

The gain sent to Twitter shares well above 35.49 buy points in a four-month, cup-with-handle base. The base formed within a larger consolidation, which weighs the breakout with added risk from overhead supply. The breakout was a breakaway gap, which sets up a buy zone beginning at the stock’s opening price for the day, at 36.94

Aerospace leader Lockheeed Martin throttled up nearly 4% in premarket trade. The Bethesda, MD-based outfit reported a 49% earnings gain and a 23% revenue increase. Both numbers were far above analyst expectations. Management raised its full-year earnings guidance to well above analyst targets

Tuesday’s early gain sent Lockheed out of a buy range above and 311.88 buy point in a cup-with-handle base.

Catch Watch: Alphabet, Netflix Near Buy Points

Three of four FANG stock tech leaders gained in Tuesday’s premarket session. Facebook (FB) led with a 0.9% gain. Netflix (NFLX) trailed the group, down 0.5%.

Facebook ended Monday 47% above a December low and above the mid-point in a possible nine-month base pattern. It reports earnings Wednesday after the stock market’s close

Netflix stock is trading in a buy range above a 371.59 cup-with-handle entry.

Google parent Alphabet (GOOGL) is in the 5 % buy range, above a saucer-with-handle’s 1,236.54 entry.

Leaderboard stock Amazon.com (AMZN) is extended, up to 9% since clearing a flat base buy point at 1,736.51 in March.

Oil Prices Edge Higher

Oil prices crept higher after scoring, on Monday, their biggest one-day gain since Feb. 1. The Trump administration announced Monday it would not extend beyond May 2 the oil-purchase waivers allowing eight countries to purchase oil from Iran without penalty from the U.S. Those waivers included China and India, Iran’s largest oil buyers. The White House said it aims to operate Iran’s oil exports to zero. Those exports have already been halved under U.S. sanctions launched in October. Iran reportedly exported 1.4 million barrels in March

West Texas Intermediate rose 0.3% to $ 65.73 a barrel. Europe’s Brent crude benchmark gained 0.1% to $ 74.13. WTI market its highest closing price on Monday since Oct. 30. The United States Oil Fund (USO) traded added 0.2% in premarket action. The Citigroup Global Markets VelocityShares 3x Long Fund (UWT) gained 0.5%.

IPO Watch: Lift, Jumia, Cactus, Trade Desk Rising

IPOs were in motion early Tuesday, with Jumia Technologies up more than 2% and Cactus showing a 1.5% gain.

Raises popped nearly 2% ahead of the open, looking to extend its first rebound. Shares acquired three of four recent sessions, lifting shares about 10% off Friday’s low. The stock has yet to form a proper IPO base

Trade Desk moved up 0.6% ahead of the open. The online ad service jumped 6% on Monday, making it a potential buy as a rebound from 10-week support, although trade was weak. Trade Desk’s current consolidation is almost 17% deep, which requires one more week to become a valid cup base.

A hawkish turn in China Monetary policy?

Hong Kong’s market returned from its holiday break with a flat performance, and the Shanghai Composite slipped 0.5%. Markets were cautious after the Central Financial and Economic Affairs Commission said China’s monetary policy should be fine-tuned in a timely and pre-emptive way based on economic growth and changes in price situations. The comment was the fourth recent hint In Japan, Tokyo’s Nikkei 225 climbed 0.2%. Europe’s markets also opened after a three-day holiday, and remained mixed in afternoon trade – London’s FTSE 100 gained 0.6%, while Frankfurt’s DAX dipped 0.1% and the CAC-40 in Paris battled into fractional gains.

[19459012FollowAlanRElliottonTwitter @IBD_Aelliott

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