Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed ahead of Tuesday’s stock market open, as Wall Street braced for Nvidia‘s (NVDA) critical earnings report scheduled for Wednesday.
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Ahead of that earnings report, Nvidia stock sold off 1.3% Monday following a news report that the AI chipmaker is struggling with overheating issues with its next-generation Blackwell processors when installed in high-capacity server racks. The new Dow Jones stock is scheduled to report earnings late Wednesday.
For the fiscal fourth-quarter, Wall Street currently expects Nvidia to earn 75 cents a share, up 86%, on sales of $33.1 billion, up 83%, per IBD MarketSurge data.
Elsewhere, Palantir Technologies (PLTR) and Tesla (TSLA) diverged sharply on the stock market today.
Palantir tumbled nearly 7%, sliding from last week’s all-time high. Meanwhile, Tesla rebounded 5.6% on news that President-elect Donald Trump’s transition team wants a federal framework for self-driving vehicles.
Looking ahead to the rest of the week, key earnings reports include those of retailers Walmart (WMT) and Target (TGT)
Finally, investors are awaiting a lighter week of economic news. The focus will be on housing, though the numbers will be largely dated, given the six-week climb in mortgage rates — back to 7% for the first time since early July. Housing starts and building permits for October are out Tuesday.
Existing home sales will be reported on Thursday. Meanwhile, S&P Global’s preliminary indexes for the manufacturing and services sector, out Friday, provide an early indicator of the pace of economic growth for November.
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Stock Market Today
On Monday, the Dow Jones Industrial Average fell 0.1%, while the S&P 500 gained 0.4%. And the tech-heavy Nasdaq advanced 0.6%.
Among the best companies to watch on the stock market today are Broadcom (AVGO), Costco Wholesale (COST), Deckers Brands (DECK) and FanDuel parent Flutter Entertainment (FLUT).
Dow Jones components making notable moves are Amazon.com (AMZN), Apple (AAPL), Microsoft (MSFT) and Walt Disney (DIS).
Disney was featured in this Stocks Near A Buy Zone column.
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Dow Jones Today: Oil Prices, Treasury Yields
Ahead of Tuesday’s opening bell, Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
On Monday, the 10-year U.S. Treasury yield ticked lower to 4.41%. And oil prices rallied more than 3%, as West Texas Intermediate futures settled around $69.20 a barrel.
What To Do Now
Now is an important time to read IBD’s The Big Picture column amid the ongoing stock market action. Following Monday’s session, be sure to check out today’s The Big Picture and today’s updated exposure level.
On Monday’s “IBD Live” show, the team discussed the current trading conditions of the stock market rally.
An essential resource for daily breakouts is IBD MarketSurge’s “Breaking Out Today” list. It shows MarketSurge Growth 250 stocks that are breaking out past buy points. Meanwhile, the MarketSurge “Near Pivot” list shows more stocks nearing buy points in bases.
To find more stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone. These features identify bullish patterns and buy points and are available to check every day.
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Dow Jones: Disney Snaps Win Streak
Dow Jones entertainment giant Disney slipped 1.3% Monday, snapping a nine-day win streak. Shares are building a cup base with a 123.74 buy point, according to MarketSurge pattern recognition.
Outside the Dow Jones index, artificial intelligence giant Broadcom is below support around its 50-day line, as it continues to build a flat base that has a 186.42 entry.
Heico is testing support at its flat base’s 269.38 buy point and is a recent IBD Stock Of The Day. Deckers stock is in buy range past a 172.57 buy point in a cup-with-handle base.
Shares of Flutter jumped past a 252.84 buy point in a flat base during last week’s jump to new highs. The FanDuel parent climbed 0.6% Monday, pushing the stock out of buy range.
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Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today’s stock market.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Ferrari | (RACE) | 498.23 | Flat base |
| Costco Wholesale | (COST) | 923.83 | Flat base |
| Broadcom | (AVGO) | 186.42 | Flat base |
| Deckers Brands | (DECK) | 172.57 | Handle entry |
Source: IBD Data as of Nov. 18
Magnificent Seven Stocks: Alphabet, Meta
Among Magnificent Seven stocks, Alphabet (GOOGL) rallied 1.6% Monday. Shares are below a 182.02 buy point in a cup with handle following a short-lived breakout attempt.
Meta Platforms (META) remains below its 50-day moving average line, a key level to watch. Shares have formed a flat base with a 602.95 buy point.
Dow Jones Leaders: Amazon, Apple, Microsoft
Among Dow Jones components in the Magnificent Seven, Amazon stock declined 0.5% Monday, still barely above a 201.20 buy point.
Shares of Apple closed Monday back above their 50-day line, as they continues to consolidate following the company’s Oct. 31 earnings report.
Microsoft shares rose 0.2% Monday, still below the 50-day line. The stock’s RS line remains near its lows.
Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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