Indexes Calm, But 9 Dow Stocks Could Be Ready To Break Out | Stock News & Stock Market Analysis

U.S. stock indexes shuffled to minor gains midday Thursday, as the market approached the end of 2017. Meanwhile, the Dow Jones industrial average was well-positioned with nine stocks poised for breakouts.

X The Nasdaq and S&P 500 added 0.1%. The blue-chip Dow Jones industrial average rose 0.2%. The small-cap Russell 2000 was up a fraction.

Volume in the stock market today was running below the previous session’s pace.

Blue chips were mostly up. In the 30-component Dow, moves were restrained.

Apple (AAPL), for instance, led the pack but the gain was only 0.6%.

Dow stocks that are near possible breakouts include Microsoft (MSFT) (trying to climb back above an 86.30 entry), DowDuPont (DWDP), Procter & Gamble (PG), Wal-Mart Stores (WMT), Intel (INTC), Johnson & Johnson (JNJ), Coca-Cola (KO), Exxon Mobil (XOM) and Apple.

Each of the nine stocks are within 3% of a buy point. The Street expects three to deliver earnings growth above 15% in 2018. DowDuPont’s estimated growth is 25% for 2018. Apple’s growth in fiscal 2018 ending in September is pegged at 24%. Exxon’s is 16%. Estimates for DowDuPont and Exxon represent upward revisions. Apple’s estimate reflects a downward revision by analysts.

In the IBD 50, a list of some of the best stocks in fundamentals and technicals, China-based solar stock Daqo New Energy (DQ) jumped 9% in heavy volume, marking a new high.

The solar group is No. 1 among 197 industry groups.

Among IBD’s 33 sectors, energy has provided the most new highs in each of the past four days through Wednesday.


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Originally posted 2017-12-28 18:29:46.


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