Dow Jones futures rose late Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally had a quiet strong day. The major indexes closed with slim gains on Wednesday. But there have been many breakthroughs, while electric vehicle stocks like New (New) And the Tesla (Tesla) Backed by top, outstripped the big names and overall growth. Meanwhile, Bitcoin rose again to a new high.
visa (FifthBreaked from a base, with tough competition Master Card is a credit card (MASome buy signals falter. Taiwan Semiconductor (TSM), A copper miner Freeport McMuran (FCX) And China play e-commerce Vape Shop (VIP) Survey Three tight weeks A good day for chip makers, periodicals and Chinese internet plays, respectively. Walt Disney (DisIt emerged from a short monotheism.
Meanwhile, Nio is still in a bullish range from the 10-week streak bounce and other bullish signals. While the IPOs for 2020 Li Auto (In the) And the Exping Motors (XPEVFace big tests, BYD Corporation (I will) In a short consolidation as Tesla stock rose to a record high. Everyone may get a boost in sales from Shanghai by expanding the license plate policy that encourages sales of electric vehicles.
Finally, the tech giants lagged somewhat after the big gains on Monday. Apple’s stock Microsoft (MSFT) pulled back. But that could be a positive pause if they form handles.
Why simplify this IBD tool burntthe classroom For the highest stock
Tesla, Apple, Microsoft and TSM stocks are on IBD Leaderboard. FCX stock is on SwingTrader. Microsoft and Mastercard stocks are up and running Long-term leaders of IBD, While Visa shares are essentially a leader in the long-term. Taiwan Semi and VIPS stocks are in IBD 50. Tesla and FCX stocks are at IBD Big Cap 20.
Microsoft, Apple, Visa and Disney stocks are all components of Dow Jones.
Dow Jones futures today
Dow futures rose 0.2% against fair value. The S&P 500 and Nasdaq 100 futures rose 0.1%.
Remember to work on overnight Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.
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The number of coronavirus cases around the world has reached 83.02 million. The death toll from Covid-19 has exceeded 1.81 million.
The number of Coronavirus cases in the United States reached 20.19 million, with the number of deaths exceeding 350,000.
The UK approved the AstraZeneca coronavirus vaccine on Wednesday. The AstraZeneca (AZNAnd Oxford vaccine is faster and easier than Pfizer /Biotechnology (BNTX) And moderna vaccines, as well as being easier to store. So it will be a major player in vaccinations, especially in developing countries.
Little batches of modern (MRNAThe Coronavirus vaccine arrived in Texas last week, outside of its proper temperature range. The Pfizer (PFEAt the same time, it requires very cold storage.
The stock market rises
The stock market rally brought slight gains to the major indices, but the smaller cap stocks and growth names were fine.
The Dow Jones Industrial Average rose 0.2% on Wednesday Stock market trading. The S&P 500 rose 0.1%. The Nasdaq Composite Index advanced 0.15%. The Russell 2000 Index, which lost 1.85% on Tuesday, rebounded, gaining 1.05%.
Bitcoin price It rose to over $ 29,000 overnight, topping the early Sunday peak above $ 28,000. Bitcoin and other cryptocurrencies have surged, especially in the past two months. Bitcoin gray scale box (GBTCOne way equity investors play Bitcoin, it jumped 9.6% to a new closing high on Wednesday.
Apple stock fell 0.85% to 133.72. On Tuesday, the iPhone maker hit a record high of 138.79, surpassing 138.08 buy points before reversing modestly lower. Dealing with those levels could be beneficial, as weak equity holders were rocked as Apple’s stock rose 12.3% so far in December.
Microsoft shares fell 1.1% to 221.68 after reversing slightly lower on Tuesday. A handle at these levels, near another resistance zone, will provide a lower formal buy point for the MSFT stock.
The growth names did well overall, especially the chip names. Programs and initial public offerings were mixed.
between the The best ETFs, The Innovator IBD 50 ETF (fifty(1.5%, while the Innovator IBD Breakout Opportunities ETF)fitIt jumped 2.3%. IShares Technology and Software Extended Fund (ETF)IGVIt was basically flat, down 4 cents. Microsoft stock is one of IGV’s most important assets. (VanEck Vectors Semiconductor Foundation)SMH) Rose 1.85%, with TSM a major component.
TSM stock titles
Taiwan Semiconductor shares rose 3.2% to 108.90, closing at 107.94 Point purchase From three tight weeks. Investors could have started a position in TSM stock on December 24th Relative strength line For TSM stock it reached a record high, reflecting its outperformance against the S&P 500.
Among other names of chips that work well, Homogeneous strength (MPWR) Consolidates at record levels and buy point. AMD (AMD), Applied materials (AMAT), Lam research (LRCX) And the Integris (ENTGThey find support or bounce off them 21-Day Exponential Moving Averages. All five are in IBD 50, like TSM stock.
Stock Breakup Visa
Visa shares rose 1.9% to 218.36, shedding 217.75 buy-points from A. Flat base It can also be taken as an indication of a consolidation dating back to early September. Investors could have started a position in Visa shares on Monday, as it broke a short trendline.
Mastercard shares rose 2.6% to 355.55. The official buy point is 367.35, although 357.10 can be considered as a handle entry. The MA stock has already moved above some of the early entries, including 348.09.
For both Visa and Mastercard stocks, the relative strength lines lagged while ratings of relative strength are lackluster at best. Investors buying these shares are betting on an economic recovery and travel in 2021, boosting transactions, including lucrative cross-border payments.
The visa was on Wednesday IBD stocks today.
FCX shares jumped 7.2% to 26.53 on Wednesday, snapping 25.53 narrow buying points for three weeks, according to MarketSmith Analysis. This comes after a strong rally after reaching a low of 4.82 on March 18th. The copper and gold mining company is benefiting from higher demand and prices as the global economic outlook improves.
However, FCX appears to be stretched now.
Among the related stocks, Larva (Never) Rose 1.9% to 180.04, bouncing off the 10-week streak as the Dow Jones giant is trading in its own narrow pattern.
VIPS stock jumped 6.4% to 27.76, spending an entire month of consolidation above its previous base. This included a tight pause of three weeks. VIPS, like FCX, may be extended a bit now.
Vipshop, as a smaller Chinese e-commerce game, may be less influenced by regulators that crack down on giants like Ali Baba (Baba).
BABA shares rose 0.9%, extending its bounce from the heavy selling. JD.com (DinarIt rose 3.9%, which is executable as it removes short term resistance and continues to move above the ten-week line. Bindowdu (PDD) It rose 7.8% to a new high, and looks extended. to do that Baidu (Start) And the Bilibili (Bailey), Which jumped 13% and 14% respectively on Wednesday.
Disney shares rose 2.2% to 181.17, closing a short merger that had been tight for nearly three weeks. This is a potential area for DIS stock investors to add a few stocks, but perhaps not start a new position.
The latest consolidation follows a November 9 hiatus on Pfizer’s bullish initial coronavirus news, followed by other big gains in DIS shares.
Nio Stock, China EV Stock
Nio stock It jumped 4.85% to 48.38. After testing its 10-week moving average again on Tuesday and nearly touching the 50-day line for the first time in months, Nio’s stock is now 8.5% higher than its 10-week line, and is still feasible. It was also breached above the downward sloping trend line, providing another early entry. In another week, Nio may have a fresh base at 57.30 buy points.
As for competing startups in China, XPEV rose 1.8% and Li Auto 1.4%. The first is just above the 50 day streak but under 10 weeks. Li’s stock is slightly lower than both, although it is far from its weekly lows.
BYD Group, a more established EV maker and big battery producer, rose 2.2% to 25.71. BYD stock, which is listed in Hong Kong and traded without a prescription in the US, formed an indicator in short consolidation, offering 26.30 buy points.
Finally, Tesla stock rose 4.3% to 694.78, its fifth straight gain, and reached a record high of 696.60 for the day. TSLA stock has now been nearly flat since entering the S&P 500 ahead of the December 21 opening at 695.
Shanghai electric vehicle sales surprise in China
Shanghai on Wednesday extended its policy of offering free license plates for new energy vehicles from the end of the year to the end of February. NEV vehicles include electric, hybrid, and fuel cell vehicles. Obtaining license plates in major Chinese cities can be very costly and limited. Shanghai NEV License Plate Policy boosted November sales gains for Tesla, Nio, Xpeng, Li Auto and BYD Group, with more of the same expected in December.
After February, the EV sales picture could be more complex, with the risk of overall supply exceeding demand. Tesla is supposed to ramp up production of the Model Y made in China, while Volkswagen should do the same with rival ID.4. Nio, Li Auto, Xpeng, BYD and other automakers and startups will have higher electric vehicle production.
In the short term, Nio, Xpeng, Li Auto and BYD should release production and delivery data in December by the end of next week. Tesla will release its fourth-quarter global production and delivery numbers by late next week.
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