Is Donald Trump Stock Set to Rebound? Five AI Stocks Ready for Buying Opportunities

Is Donald Trump Stock Set to Rebound? Five AI Stocks Ready for Buying Opportunities

Dow Jones futures rose slightly after hours, along with S&P 500 and Nasdaq futures. The stock market rally was relatively quiet on Tuesday, with the Nasdaq leading a decline into the close for slight losses.




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that of Donald Trump Trump Media and Technology Group (DJT) came off a base on Tuesday, as parent company Truth Social began trading under the ticker DJT following the completion of its SPAC merger. But Trump stock closed well above intraday highs, below the buy point.

You’re here (TSLA) made a decent gain, but hit key resistance.

Parent Google Alphabet (GOOGLE) And ServiceNow (NOW) flirted intraday with buying signals. Crowd strike (CRUD), CyberArk Software (CYBR) And Cloud Flare (NET) are set up. All of these names are AI or AI-related stocks.

On the other hand, Nvidia (NVDA) fell slightly as AI chip stocks took a break, with Arm holds (ARM) in sharp decline.

Early Wednesday, Carnival (CCL) will declare its income working on a new basis. CCL shares fell 0.5% to 17.03. Cruise Chef Royal Caribbean (RCL) stands in a buying zone. RCL edged up 0.4% to 136.87.

Nvidia and Arm stocks are underway MII classification, with CyberArk stock on the rankings watch list. CrowdStrike, Royal Caribbean and Cloudflare shares are on sale MII 50. ServiceNow stock is on sale IBD large cap 20. ServiceNow was Tuesday IBD Stock of the Day.

The video embedded in this article reviews the actions of Trump Media DJT, ServiceNow and Royal Caribbean.

Dow Jones Futures Today

Dow Jones futures rose 0.15% from fair value, with Merck (MRK) jump late after the FDA Approves Pulmonary Hypertension Drug. Dow S&P 500 futures rose 0.1%. Nasdaq 100 futures advanced 0.1%.

Remember that overnight action Dow Jones Futures and elsewhere does not necessarily translate into real exchanges during the next regular class sotck exchange session.


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Stock market rally

The stock market rally was slightly positive through the close, with key indices closing with slight to modest declines.

The Dow Jones Industrial Average lost about 0.1% on Tuesday stock market trading and the S&P 500 index fell 0.3%, down slightly for a third consecutive session. The Nasdaq Composite Index fell 0.4% after falling on Monday. The small-cap Russell 2000 index slipped 0.2%.

There haven’t been many breaking stocks, with a few exceptions like Trump Media’s DJT. But many actions demonstrated constructive action.

Meanwhile, the S&P 500 and Nasdaq are not extended from their 50-day lines, so there remains a little room for major stocks to run.

US crude oil prices fell 0.4% to $81.62 per barrel.

The 10-year Treasury yield rose two basis points to 4.33%.

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Among growth ETFs, the iShares Expanded Tech-Software Sector ETF (VAT) increased slightly by 0.2%. ServiceNow is one of the top holdings, with CrowdStrike shares also in IGV. The VanEck Vectors Semiconductor ETF (SMH) fell 0.9%, with Nvidia stock the dominant position.

Reflecting more speculative stocks, ARK Innovation ETF (ARKK) slipped 0.4% and ARK Genomics ETF (ARKG) decreased by 0.9%. Tesla stock is a major holding among Ark Invest’s ETFs.

SPDR S&P Metals & Mining ETF (XME) fell by 0.8%. SPDR S&P Homebuilders ETF (XHB) fell by 0.2%. The Energy Select SPDR ETF (XLE) lost 0.8% and the Health Care Select Sector SPDR Fund (XLIV) gained 0.4%.

The Select Industrial Sector SPDR Fund (XLII) fell by 0.4%. The Financial Select SPDR ETF (45) increased by 0.3%.


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Donald Trump’s actions explode

Trump Media Actions rose to 79.38 intraday. But DJT stock closed up 16% at 57.99, below the consolidating 58.72. point of purchase.

Trump Media, parent company of Trump’s social network Truth Social, began trading on the Nasdaq on Tuesday. Digital World Acquisition finally merged with Trump Media & Technology Group on Monday. Before becoming a DJT stock, DWAC soared 35%.

There is definitely a meme stock quality to Trump Media, with a strong partisan edge. High volatility is therefore likely to persist for some time.

Trump Media stock rose solidly overnight in active trading.

Stocks Near Buy Points

Google shares rose 0.4% to 150.67, briefly topping 152.15. cup with handle buy intraday point. Stocks rose last week following a report that Apple (AAPL) is thinking about using Google’s Gemini AI tool on the iPhone. THE line of relative force is rebounding, but remains well below its peaks in late January and late October. This reflects GOOGL stock’s underperformance relative to the S&P 500 index.

ServiceNow stock edged up 0.5% to 778.57. The software giant has an 815.32 flat base point of purchase. The stock has an early entry of 807.77. Aggressive traders could use last week’s high at 785.88 to start a position, still near the 50-day line.

CrowdStrike stock has had a few wild sessions along the way, but has generally traded closely since mid-February, finding support around the 21-day line with the 10-week line catching up. Investors could use 328.64 as a buy point. CRWD stock rose 1.6% to 330.01 on Tuesday.

CyberArk shares fell 0.7% to 263.49. Shares have a consolidation buy point of 283, generally finding support at the 21-day line like fellow cybersecurity leader CrowdStrike. Investors could use last week’s high of 277.97 as an early entry. This could become an official purchase point in a few days.

Cloudflare stock climbed 3.1% to 99.07, rebounding from the 21-day and 10-week lines, albeit in light volume. The leader in security and traffic optimization software is expected to have a base with an official buy point of 116 after this week. But investors could use the March 21 high of 100.90 as an early entry.

Tesla Stock

Tesla stock jumped 2.9% to 177.67, resuming the 21-day moving average. Shares hit 184.25 intraday, hitting resistance at the 10-week line. TSLA stock hit resistance at the 10-week line earlier this month, with the rejection providing a short selling opportunity.

On Tuesday, weekly registration data in China indicated a drop in Tesla deliveries in this key market in the first quarter. Demand also appears sluggish in the United States and Europe. Tesla will likely report its first-quarter global deliveries on April 2, with indications they will be well below the slow-to-adjust consensus forecast.

Tesla now offers a free month of its Full Self-Driving software for new purchases. CEO Elon Musk also asks drivers to take an FSD test drive before taking delivery of a new Tesla or after having their Tesla serviced.


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Nvidia stock, AI chips

Nvidia shares fell 2.6% to 925.61, ending a six-game winning streak but still near record highs. Broadcom (AVGO) fell 1.5%. However, ARM stock fell 7.5% just below its 21-day line after flirting with an early entry near the open. The high-flying chip’s 2023 IPO is expected to have a new basis after this week.

What to do now

The stock market rally is going well.

There aren’t many stocks giving buy signals right now, but a number of leaders are taking hold. Investors may look to gradually increase their investments, but now is not the time to significantly increase their exposure.

Now is definitely the time to look for these setups, so you can target the most attractive names as they move. So get your watchlists ready.

Read The big picture every day to stay in tune with the direction of the market and the main values ​​and sectors.

Please follow Ed Carson on the discussions at @edcarson1971 and X/Twitter on @IBD_ECarson for stock market updates and more.

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