Dow Jones futures will open Sunday, along with S&P 500 futures and Nasdaq futures. Nvidia (NVDA), Walt Disney (DIS), DocuSign (DOCU), Robinhood (HOOD) and Under Armour (UAA) are worth watching in the coming days.
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The stock market rally was mixed last week, with small caps and high-value growth retreating overall. But the Dow Jones and S&P 500 hit record highs. Not only did steel, materials, financials, discount retail and housing-related stocks have a strong week, but Apple (AAPL), Microsoft (MSFT), Tesla (TSLA) and Google parent Alphabet (GOOGL) all had nice gains. Apple stock and Tesla flashed buy signals late last week.
But after a flurry of real economy breakouts early in the week, the number of actionable stocks faded late in the week. Nvidia, Disney, DocuSign, Under Armour and HOOD stock could offer buying opportunities in the coming days, with DOCU stock technically in buy range now. But investors need to be able to resist the temptation to buy a stock just to be active.
Apple, Microsoft and Tesla stock are all on IBD Leaderboard, as well as Nvidia and DOCU stock. Apple stock and Tesla are also on SwingTrader. Microsoft stock and Google are on IBD Long-Term Leaders. DocuSign and Google stock are on the IBD 50.
The video embedded in this article analyzes Nvidia stock, Disney and Unity Software (U), another Leaderboard member.
Dow Jones Futures Today
Dow Jones futures will begin trading at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live
Coronavirus News
Coronavirus cases worldwide reached 207.36 million. Covid-19 deaths topped 4.36 million.
Coronavirus cases in the U.S. have hit 37.38 million, with deaths above 637,000.
Stock Market Rally
The stock market rally had a mixed week, but the Dow Jones and S&P 500 did hit fresh highs.
The Dow Jones Industrial Average rose 0.9% in last week’s stock market trading. The S&P 500 index climbed 0.7%. The Nasdaq composite dipped 0.1%, though the big-cap Nasdaq 100 advanced 0.2%. The small-cap Russell 2000 lost 1%, nearly all on Friday with a large number of hefty losers.
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) fell 0.8% last week while the Innovator IBD Breakout Opportunities ETF (BOUT) gained 1.3%. The iShares Expanded Tech-Software Sector ETF (IGV) dipped 0.2%. The VanEck Vectors Semiconductor ETF (SMH) slumped 2.3% as Micron Technology (MU) and other memory-focused chip names sold off on DRAM pricing concerns.
SPDR S&P Metals & Mining ETF (XME) popped 5.4% and Global X U.S. Infrastructure Development ETF (PAVE) 3.6%, fueled by the Senate passing a $1.2 trillion infrastructure bill. U.S. Global Jets ETF (JETS) slid…
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