Dow Jones futures: The coronavirus stock market rally had a strong day, pushing Apple, Intel and Tesla stock near buy points. But earnings loom.
Apple stock, AMD stock, Tesla stock, Microsoft stock and Intel stock are all near buy points or about to have new entries. ButApple (AAPL), Advanced Micro Devices(AMD), Tesla (TSLA), Microsoft (MSFT) andIntel (INTC) all have earnings on tap. Buying a stock just before earnings can be highly risky, with coronavirus shutdowns adding to uncertainty.
Meanwhile, Domino’s Pizza (DPZ), Eli Lilly (LLY) and Citrix Systems (CTXS) all report earnings early Thursday. Domino’s stock, LLY stock and CTXS stock are all slightly extended from recent breakouts.
AMD stock, Microsoft stock and Domino’s stock are all on IBD Leaderboard. MSFT stock and Domino’s stock are on IBD Long-Term Leaders list. Microsoft stock and AMD stock also are on the IBD 50. Apple stock has been added to SwingTrader.
Source: Dow Jones Futures: Coronavirus Stock Market Rally Powers Back; Apple, Tesla, Intel Near Buy Points, But Watch Out For This | Investor’s Business Daily