Dow Jones Rallies In Today’s Stock Market; Apple Rises

The major stock indexes were squarely higher in today’s stock market action, as voters headed to the polls for the midterm election. The Dow Jones industrial average rallied in morning trade. Leaderboard stock Ulta Beauty (ULTA) broke out above a buy point early Tuesday. Dow Jones stock Apple (AAPL) looked to halt its two-day slide. (For updates on this story and other market coverage, visit the Stock Market Today.)


The Dow Jones industrials rose 0.2% while the S&P 500 moved up 0.4%. The tech-heavy Nasdaq was sharply higher, rising 0.8%.

The stock market’s rally attempt continues. Investors should be on the lookout for a follow-through day, which would confirm a new uptrend is underway.

Stock Market Earnings: Regeneron, Zebra Tech

Among companies reporting earnings, Regeneron Pharmaceuticals (REGN) beat the Street’s earnings and sales targets early Tuesday. Shares rose about 2%, as they look to move up the right side of a potential base. Still, the stock is stuck below its 50-day line.

Zebra Technologies (ZBRA) is breaking out above a 179.57 buy point after the company reported strong Q3 earnings results. Shares surged 6%. Bullishly, the stock’s relative strength line is at a new high to confirm the breakout’s strength.

On the downside, Ralph Lauren (RL) dropped 5% on the retailer’s quarterly earnings early Tuesday. The stock is trying to find support at its 50-day line, as it trades within a consolidation that has a 147.89 buy point.

Tinder Parent, Gym Operator To Report Late

After the stock market close, Match Group (MTCH) is expected to earn 36 cents per share on revenue of $437 million. Shares rose 0.2%, as they consolidate about 16% off their 52-week high. Shares found resistance at their 50-day line Friday.

Meanwhile, Planet Fitness (PLNT) is estimated to earn 24 cents per share on sales of $126.1 million. The longtime leader is consolidating just below its 50-day line and is holding up relatively well in the current correction.

Dow Jones Stock Apple

Dow Jones stock Apple looked to stem its two-day sell-off that sent shares down as much as 10.8% since the company’s earnings results late Thursday. On Monday, Rosenblatt Securities downgraded the iPhone maker from buy to neutral. The analyst firm reduced its expectations for iPhone production and shipments. Shares advanced over 1%.

IBD 50 Stocks: Ulta Beauty Breaks Out

Among the leading growth stocks, Ulta Beauty is breaking out above a flat base’s 290.40 buy point with about a 2% gain Tuesday. The stock’s RS line is at a new high, signifying strong market outperformance.

HealthEquity (HQY) moved up 1% and is just 4% away from a cup-shaped base’s 100.09 buy point. The stock’s RS line is at a new high.


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Originally posted 2019-09-19 23:24:34.


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