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Dow futures fall as jobless claims rise; Pivotal job report on deck

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Dow futures fell Thursday morning after the release of the Labor Department’s weekly jobless claims data. Meanwhile, a pivotal September payroll report is due out Friday morning.




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conagra (CAG), Constellation brands (STZ) And the McCormick (MKCC) is one of the most important news reporters on Thursday. Conagra is up more than 2%, while Constellation is up 2.5% in premarket trading. McCormick shares remained mostly unchanged after missing sales targets and third-quarter earnings.

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Interactive Peloton (PTON) rose after less than 1% The company said it plans to To cut about 500 jobs, or roughly 12% of the remaining workforce. CEO Barry McCarthy said the company has six months to prove it can survive on its own. Shares are down more than 90% from their 52-week high.

electric car leader Tesla (TSLA) is down 1.5% on Thursday, as Mizuho cut its target price for the stock from 391.67 to 370. Among the Dow Jones industrial companies, tech giants apple (AAPL) And the Microsoft (MSFTThey were both directly ahead stock market today Open.

As the stock market continues to search for a bottom, latency (CMI), Murphy United States of America (Musa), Neurobiological Sciences (NBIX), Vertex Pharmaceuticals (VRTX) And the world wrestling entertainment (WWE) – as well as Dow Jones stock United Health (United nations) – Among the top stocks to watch. Despite this week’s gains, the market situation is still “in correction” and investors should remain on the defensive.

Vertex is a recent addition to IBD Leaderboard. latency is IBD SwingTrader stock. Murphy USA appeared in This week’s stock is near the buy zone column, along with three other ideas for the hottest stocks. World wrestling was a Today’s stock Thursday. Neurocrine . was Today’s stock On September 26th.

Dow Jones today: Treasury yields, oil prices, unemployment claims

Before the opening bell on Thursday, Dow Jones futures were down 0.3% against fair value, while S&P 500 futures were down 0.25%. Nasdaq 100 futures lost 0.15% against fair value. Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market session.

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within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(down 0.3%, the SPDR S&P 500 ETF)spy) lost 0.4%.

The 10-year Treasury yield gave up early gains Thursday morning, dropping to 3.75% Thursday morning. The 10-year Treasury yield fell to 3.56% this week before rebounding. Last week, the 10-year Treasury yield briefly crossed 4%, which it hasn’t in more than a decade.

Meanwhile, US oil prices gave up a small part of their recent gains, retreating Thursday, with West Texas Intermediate crude futures remaining stable above $87 a barrel. Last week, oil fell to its lowest level for the year – around $76 a barrel – before rebounding. On Wednesday, the Organization of the Petroleum Exporting Countries agreed to cut production by up to 2 million barrels per day The biggest cut since the start of the epidemic.

Unemployment claims were first released to the Labor Department at 8:30 a.m. ET. Initial claims rose to 219,000, above estimates that called for an increase to 203,000 from 193,000 the previous week, according to Econoday.

Trying to rally in the stock market

On Wednesday, the Nasdaq cut its losses to just 0.3%, while the S&P 500, which lost 1.8% early, managed to trim that decline to less than 0.2%. The Dow Jones Industrial Average rose 5.5% during the Monday and Tuesday sessions, and was down 0.1%.

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wednesday big picture He warned, “Sure, the upcoming inflation data will get additional attention later this month. But in the near term, investors will now absorb another steady stream of third-quarter results. This news will give fund managers more clues about the scale of high inflation, and the apparent slowdown in The US economy, affects earnings, and is probably the number one factor in stock prices.”

The market advance on Monday started a new bullish attempt, which was your first day. The action on Day 2 and Day 3 is not significant as long as the index does not cut its lowest level since Friday. If this drop is trimmed, an attempt to rise is made and the market continues to look for a bottom.

Then, on the fourth day or so, investors should wait a day to follow up. Starting Thursday (Day 4), you are looking at the NASDAQ or S&P 500 index rising sharply in higher trading volumes than the previous session. Large enough height in climbing scale marks Follow-up day. This would give investors the green light to start buying blue-chip stocks that crossed a previous correction buy points.

Now, before the possible follow-up day, is the perfect time to build Powerful watchlist A high performance stock. Many long-term leaders tend to breakout at or near follow-through, which is a bearish market signal. Missing this early opportunity can be a costly mistake.


Five Dow Jones stocks to watch right now

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Dow Jones stocks to watch: UnitedHealth

UnitedHealth stock in Dow Jones advanced 0.75% on Wednesday, extending its three-session winning streak and closing just below the main 50-day line. The stock is building a flat base that has 553.23 buying points, according to IBD Market Smith Graph analysis. UN stock jumped 1% Thursday morning.

UN stock Shows a solid value of 94 out of 99 perfect IBD compound classification, for every IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics. UnitedHealth announced its third-quarter results on October 14.


4 growth stocks to watch at Cursstock market correction


Top stocks to watch: Cummins, Murphy USA, Neurocrine, Vertex, WWE

Cummins is moving quickly up the right side of the cup base which has 233.95 buy points. Stocks retraced the 50-day streak this week in significant volumes, which is a positive sign. The company’s next earnings results are November 4th. Cummins stock was inactive Thursday morning.

Murphy USA gas station and mini-market builds a flat base with 303.19 points of purchase. Shares fell more than 1% on Wednesday, and continued to decline after Tuesday’s bearish reversal. The stock finds strong resistance at the 50-day line. A decisive recovery to this level will be bullish for the base-building prospects for the stock. Third-quarter earnings results are due October 26th. Shares were flat on Thursday.

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Neurocrine Biosciences is attempting to hack 109.36 flat base purchase points, according to IBD Market Smith Graph analysis. Stocks topped the entry briefly on Tuesday, but are now about 1% below their buying starting point. The RS line reached a new high on Friday, which is a bullish signal. Shares were down 1% early Thursday.

IBD stock leaderboard Vertex Pharmaceuticals is fast approaching the 306.05 buy point for the flat base and above the early entry at 296.24. While a weak market condition may keep you on the sidelines, the stock’s resilience makes it a great idea to watch. Its RS streak is off new highs, a potential sign of an outperformance in the stock market. VRTX stock is down 0.2% Thursday, even as RBC raised its price target from 276 to 281.

World Wrestling Entertainment is trying to break through the cup base at 75.33, but it closed about 2% below the entry level after Wednesday’s 0.5% drop. The RS line reached a new high this week. WWE shares added early Thursday.


Join IBD experts as they analyze the leading stocks in an attempt to rise the current stock market on IBD Live


Tesla Stock

Tesla stock It slipped 3.5% on Wednesday, closing at its lowest level since July 18. Shares fell 1.5% Thursday morning. Mizuho analyst Vijay Rakesh lowered the company’s target price on Tesla shares from 391.67 to 370. In a research note, the analyst believes the September quarter for electric car makers was mostly on the line as supply and logistics “remain challenging.” The company has maintained a buy rating on Tesla stock.

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Shares are down nearly 40% from their 52-week highs and sharply below their 50 and 200-day lines. The electric car giant’s Q3 results are October 19.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares rose 0.2% Wednesday, up for a third day in a row. Stocks are still nearly 20% off their 52-week highs and below their 50 and 200-day lines. Third-quarter earnings results on October 27. Apple stock fell 0.4% Thursday morning.

Microsoft rose on Wednesday, extending its winning streak to three sessions and continuing its recovery from last week’s 52-week low. The software giant is still around 30% of its 52-week high. Microsoft shares fell 0.6 percent early Thursday.

Make sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.