Stock Market Today: Dow Leads With Modest Gains; This IBD 50 Stock Surges To Highs | Stock News & Stock Market Analysis

The major market indexes held modest gains in early Tuesday morning trade. The Dow Jones industrial average rose 0.3%, the S&P 500 advanced 0.2% and the tech-heavy Nasdaq moved up 0.1%.

XAutoplay: On | Off Among the Dow Jones Industrial components, energy giant Exxon Mobil (XOM) and home improvement store Home Depot (HD) led the way with gains of almost 1% apiece. Shares of Exxon trying to get back above their 50-day line, while Home Depot is further extended from a 160.96 flat-base entry.

On the downside, Apple (AAPL) slipped 0.2%, as it trades just off its highs. Shares are extended from a 160.97 cup-with-handle entry.

FANG stock (AMZN) advanced 0.3%, looking to add to its four-day win streak. Cyber Monday sales reached record levels with the e-commerce giant being a huge beneficiary of the spending. Shares are extended from a 1083.41 buy point.

Meanwhile, other FANGs were mixed in the stock market today. Facebook (FB) added 0.2%, Netflix (NFLX) fell 0.3% and Google-parent Alphabet (GOOGL) was virtually unchanged.

Facebook was on the cusp of being extended from a 175.59 flat-base entry. The 5% buy range tops out at 184.37.

Among companies reporting earnings, RV maker Thor Industries (THO) jumped 12% early Tuesday after crushing fiscal-Q1 targets late Monday. The IBD 50 stock is now almost 40% above a 110.01 cup-with-handle entry after a brief pullback to the 10-week line earlier this month.

Fellow RV maker Winnebago Industries (WGO) took a cue from Thor, jumping over 6%, hitting a new high. The stock is about 45% above a 37.30 cup-with-handle entry.

Recent IPO Roku (ROKU) continued its winning way, rising 4% and hitting a new post-IPO high. Shares are over 60% from a 29.90 IPO-base entry.

Square (SQ) followed up Monday’s 16% decline with a nearly 3% gain after reversing from heavy early losses. Shares had been on a tear in 2017 before Monday’s downgrade-driven freefall.

Also within the IBD 50, Essent Group (ESNT) moved up 1.7%, as it looked to snap a four-day losing streak. Shares remain extended from a 41.54 flat-base entry after finding support at the 50-day line.

On the downside, (ALRM) faltered over 5% and is back significantly under its 50-day line. Shares are building a new base.


IBD 50’s Thor Industries Brings The Hammer, Crushes Q1 Earnings

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Originally posted 2017-11-28 15:51:35.


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