What to do after the stock market crash; Biden ‘s speech on inflation Investor’s Business Daily

Dow Jones futures were higher after today’s stock market crash as major stock indices sold out with huge losses to reach new corrective lows. Next, President Joe Biden’s speech on inflation is scheduled for Tuesday.


CarGurus (CARG) i Microchip (MCHP) have been key drivers of post-closure earnings. CarGurus shares were 13% late. And shares of Microchip strengthened by almost 3% in expanded trading.

In second place, the Chinese EV leader Li Auto (LI), Peloton (PTON), Planet fitness (PLNT) i TransDigm (TDG) are among the companies that reported on Tuesday morning.

Dow Jones Futures Today: Treasury Yields, Biden’s Speech

After closing on Monday, Dow Jones futures were up 0.25% from fair value and S&P 500 futures were also up 0.25%. Nasdaq futures gained 0.3% of fair value. Remember that overnight stock in Dow futures and elsewhere does not necessarily turn into real trading on the next regular stock exchange.

The yield of the 10-year treasury traded at as much as 3.13 percent on Monday, before closing at about 3.08 percent. Yields on the 10-year treasury are at their highest level since November 2018. Meanwhile, U.S. oil prices have fallen nearly 7%, and Texas Intermediate trades just above $ 102 a barrel.

President Biden will deliver a speech on Tuesday, stressing his efforts to fight rising inflation. The April consumer price index will be released on Wednesday. According to Econoday, consumer prices are expected to rise 0.2% in April from 1.2% in March, the biggest monthly improvement in 42 years.

According to Bloomberg, the president plans to detail his legislative efforts ahead of the November midterm elections. Meanwhile, President Biden’s approval rating returned to near its lowest point in February.

The stock market today

On Monday, the Dow Jones Industrial Average sold out 2%, while the S&P 500 fell 3.2%. The technically heavy Nasdaq composite fell 4.3%. Among the funds traded on the stock exchange, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 3.9% and the SPDR S&P 500 ETF (SPY) fell 3.2% on Monday.

Tesla (TSLA) shares fell 9.1% on Monday. Dow Jones leaders, Apple (AAPL) fell 3.3% and Microsoft (MSFT) traded 3.7% less on today’s stock exchange.

Amid deepening stock market corrections, Dow Jones leaders Chevron (CVX) i Merck (MRK) – together with Cheniere Energy (LNG) i Exxon Mobile (XOM) – are among IBD’s top stocks to watch on Tuesday.

Microsoft and Tesla shares are IBD Leaderboard. Chevron was introduced in this week’s Stocks section near the buying zone.

What to do after today’s stock market crash

On Monday, the Dow Jones, Nasdaq and S&P 500 indexes reached new corrective lows as the stock market fell. With the market at new lows, all attempts to grow are over, which means investors should be looking for a day of growth that would mark the beginning of a new attempt to increase.

In the midst of deepening stock market correction, investors should generally be – if not completely – on the sidelines. New purchases are prohibited. Also, keeping a list of stocks holding well in a fallen market is a good way to prepare for the next uptrend in the stock market.

Keep in mind that the leading stocks of the past may not be the leaders of the future. To help identify stock leaders emerging in a new growing market trend, use the relative strength line to see which stocks outperform the general market.

During the stock market correction, investors should identify companies whose stock prices are struggling with stock market declines. The strong RS line will show sharply more, either during the base period or soon after the breakout.

A column by The Big Picture on Monday commented: “Nasdaq’s 4.3% loss on Monday solidified a three-day series of losses of more than 10%. This is the biggest three-day drop since March 2020 (during the pandemic bear market). Its three-day, out of 1,341 points, the highest so far, according to Dow Jones Market Data. “

If you are new to IBD, consider looking at its stock trading system and the basics of CAN SLIM. Recognizing chart patterns is one key to investment guidelines. IBD offers a wide range of growth stock lists, such as Leaderboard and SwingTrader.

Investors can also create watchlists, find companies approaching the point of purchase, or develop custom screens at IBD MarketSmith.

Five shares of Dow Jones to look at right away

Dow Jones stocks to watch: Chevron, Merck

Dow Jones leader and energy giant Chevron continues to build a flat base that has a buying point of 174.86, according to IBD MarketSmith chart analysis. Shares of CVX fell 6.7 percent on Monday, falling below the 50-day line.

CVX shares boast a perfect rating of 99 IBD Composite, per IBD inventory check. Investors can use the IBD Composite Rating to easily assess the quality of a stock’s underlying and technical metrics.

Drug leader Merck is under the glass with an 89.58 buy point after a brief breakthrough attempt last week. Shares fell 0.85% on Monday, ending about 2% below the last listing.

Positively, the line of relative strength of the stock is at new high levels, indicating a large market superiority during the current stock market correction.

The three stocks with the highest growth for currency observationrent stock market correction

Stocks to watch: Cheniere, Exxon

IBD Leaderboard shares of Cheniere Energy are one of the best stocks to watch despite a loss of 8.6% on Monday. Shares incise a flat base showing a buying point of 149.52, according to IBD MarketSmith chart analysis.

Energy giant Exxon Mobil broke through the purchase last week with a buying point of 89.90. But shares have given up on entry and are about 6% below the buying point after falling 7.9% on Monday. An unstable breakthrough illustrates the danger of owning any stocks in the current market environment.

Join IBD experts as they analyze the leading stocks in the current stock market correction on IBD Live

Tesla shares

Tesla shares fell more than 9 percent on Monday, extending a series of losses in three sessions and closing at the lowest level since March 14. Stocks are well below their 50- and 200-day moving averages.

The stock traded as much as 1,243.49 on November 4 and is about 37% away from that highest level of all time.

Dow Jones leaders: Apple, Microsoft

Among Dow Jones shares, Apple shares sold 3.3 percent on Monday. Shares are falling further below their 200-day long-term line.

Software leader Microsoft fell 3.7 percent on Monday, reaching its lowest level since June 2021. Shares are well below their 50- and 200-day limits. Shares closed about 24% of their 52-week high.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.


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