Tesla Reports Growth in Q1 Deliveries

Tesla Reports Growth in Q1 Deliveries

Dow Jones futures, as well as S&P 500 and Nasdaq 100 futures, were lower ahead of Tuesday’s stock market open. Google stock surpassed a new buy point on Monday, while You’re here (TSLA) will publish its first quarter deliveries on Tuesday.


Wall Street expects The electric vehicle giant will announce deliveries of 457,000 units in the first quarter, according to FactSet. That number started last week at 471,000 and steadily declined before Tesla announced global delivery figures. The consensus number of 457,000 likely includes several analyst forecasts that haven’t been updated in weeks or months.

Tesla stock pared losses to 0.3% on Monday, still more than 40% off its 52-week high.

Looking forwardThe Labor Department’s March jobs report, due Friday, is expected to show that employers added 180,000 payroll positions for the month, including 157,500 workers in the private sector, according to the FactSet consensus estimate.

Monday evening, clothing brand PVH (PVH) plunged nearly 20% in extended trading. PVH stock hit a multi-year high on Monday.

Additionally, key drivers of gains this week include Levi Strauss (LEVI) and payroll manager Paychex (PAYX).

Discover IBD’s new exposure levels to help you stay in step with the market trend

Stock market today

On Monday, the Dow Jones Industrial Average fell 0.6% and the S&P 500 fell 0.2%. The tech-heavy Nasdaq Composite Index rose 0.1%.

From Seven magnificent actions, Alphabet (GOOGLE) was the big winner, rising 3% to surpass the 153.78 buy point.

Finally, the tech icons of the Dow Jones Apple (AAPL) And Microsoft (MSFT) finished mixed in today’s stock marketwith Apple down 0.9% and Microsoft up 0.9%.

Alphabet, Arista Networks (Aneta), DraftKings (DKNG) And ServiceNow (NOW) — plus Dow Jones components Disney (SAY), IBM (IBM) And VerizonCommunications (VZ) – are among the best companies to watch on the stock market today.

ServiceNow featured in this Column Stocks close to a buying zone.

IBD’s latest newsletter, MarketDiem, delivers real-world ideas on stocks, options and crypto right to your inbox.

Dow Jones Today: Oil Prices and Treasury Yields

Ahead of Tuesday’s open, Dow Jones futures fell 0.3%, while S&P 500 futures lost 0.1% of their fair value. Tech-heavy futures contracts on the Nasdaq 100 were down 0.2% from fair value. Remember that overnight action on Dow Jones futures and elsewhere does not necessarily translate into actual trading during the next regular trading session.

On Monday, the yield on the 10-year U.S. Treasury rose to 4.32%. And oil prices rose, as West Texas intermediate futures stabilized just below $84 a barrel.

Receive real-time buy and sell alerts on stock market leaders with IBD Leaderboard

Stock market rally: what to do now

Now is an important time to read Chronicle The Big Picture by MII, with stock market prospects in a confirmed upward trend. After Monday’s action, don’t forget to check out Today’s overview for a updated exposure level.

An essential resource for daily escapes is IBD MarketSurge’s “Breaking Out Today” list. This shows MarketSurge Growth 250 stocks that exceed new buy points, such as Google stock. Meanwhile, MarketSurge’s “Near Pivot” list shows stocks near buy points in the bases.

To find more action ideas, check out IBD Stock Lists as MII 50, Large cap 20 And Stocks close to a buy zone. These features identify uptrends and buy points and can be checked daily.

Dow Jones: Disney, IBM, Verizon

Disney surpassed 112.92 for a large mug with handle point of purchase in recent weeks, according to Increase in ITN market graphical analysis. And shares closed out of buy range, despite falling 0.7%.

IBM stock remains below the 196.90 buy point, down 0.6% on Monday. Stocks are trying to find support around their 50-day line.

Telecom giant Verizon builds a cup base with a 43.21 entry, as the stock rebounds bullishly from its 50-day line.

4 Most Important Growth Stocks to Watch in the Stock market rally

Google Stock Breaks Out

Google parent Alphabet surpasses the 153.78 buy point in a consolidation as the stock rose 3% on Monday.

Arista shares returned to a flat base of 292.66 point of purchaseaccording to Market increase charts, with an advance of 3.4% on Monday.

Last week, DraftKings fell below its 46.52 buy point during a short consolidation. And the sports betting giant fell further below that figure on Monday, losing 1%.

Finally, ServiceNow is attempting to retake its 50-day line amid a two-day rally. Stocks build a flat base with an entry of 815.32.

Learn to Time the Market with IBD’s ETF Market Strategy

Stocks to watch

These are four stocks that are in or near buy zones in the current stock market.

Company NameSymbolCorrect purchase pointPoint of purchase type
Disney (SAY)112.92Cup with handle
Arista Networks (Aneta)292.66Flat base
DraftKings (DKNG)45.62Consolidation
ServiceNow (NOW)815.32Flat base
Source: MII data as of April 1, 2024

Join IBD experts as they analyze the top stocks in the current stock market rally on IBD Live

Seven Magnificent Stocks: Nvidia

Among the actions of the Magnificent Seven, Nvidia stock rose slightly on Monday, holding at recent lows. The AI ​​giant is a IBD Ranking Stocks.

Stocks remain just above their all-time highs, set on March 8.

Dow Jones leaders: Apple, Microsoft

Among Dow Jones Stocks In the Magnificent Seven, Apple and Microsoft traded mixed during Monday’s stock market action.

Apple stock fell 0.9% on Monday, back near its recent lows. Stocks remain significantly below their long-term 200-day line.

Microsoft shares ended a five-day losing streak on Monday, rebounding 0.9%. The software giant is poised to reach new heights.

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


Top Growth Stocks to Buy and Watch

Learn to Time the Market with IBD’s ETF Market Strategy

Find the best long-term investments from IBD Long-Term Leaders

MarketSurge: Research, Charts, Data, and Coaching in One Place

How to Research Growth Stocks: Why This IBD Tool Makes Finding the Best Stocks Simple

Source Reference

Latest stories