Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Apple (AAPL), Amazon.com (AMZN) and Shopify (SHOP) headline a new rush of earnings.
The stock market rally showed strong action in the past week, amid a massive wave of earnings, a fresh Fed rate hike and big economic data.
Apple and Amazon report Thursday night on what will be another big week of earnings. AAPL stock ended the week at an all-time closing high. Amazon stock made a bullish bounce from the 10-week moving average. That would be actionable, but upcoming earnings raised the risks. SHOP stock is close to an aggressive entry, with Shopify earnings due early Wednesday.
On Semiconductor (ON) will report before Monday’s open. ON stock is extended, trading near record highs.
Meanwhile, Microsoft (MSFT) and Tesla (TSLA) have forged new buy points.
In addition to AMZN stock, Shopify, Microsoft and Tesla, here are five more near buy points: video-based streaming safety firm Samsara (IOT), oil services giant SLB (SLB), chipmaker Marvell Technology (MRVL), chip design firm Synopsys (SNPS) and Tesla archrival BYD (BYDDF).
Tesla and SHOP stock are on IBD Leaderboard. SNPS stock is on SwingTrader. Microsoft stock is on the IBD Long-Term Leaders list. Tesla and IOT stock are on the IBD 50. TSLA stock is on the IBD Big Cap 20.
The video embedded in this article discussed the weekly market action and analyzed MRVL stock, SLB and Tesla.
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live
Stock Market Rally
The stock market rally had a downside reversal Thursday, but ultimately closed with solid-to-strong weekly gains. The major indexes are all close to 52-week highs.
The Dow Jones Industrial Average snapped a 13-day win streak Thursday, but rose 0.7% in…