Dow Jones rallies as AMC shares rise to 35%; Reminiscent of Tesla stock slides, zoom turns video revenue

The Dow Jones Industrial Average rallied 100 points on Wednesday as AMC stock rose as much as 35% in morning trade. Tesla stock recalled news, while Zoom Video declined after reporting strong earnings results.

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In the middle Dow Jones Leaders, Apple (AAPL) Received 0.5% on Wednesday Microsoft (MSFT) Moved at 0.4% Today’s stock market. Caterpillar (Kate) And J.P. Morgan (J.P.M.) Are above the latest purchase points.

Tesla (DSLA) Wednesday at a low of 3%, at a pace that extends a loss to three sessions. Zoom video (Z.M.) Announced earnings late on Tuesday.

Best stocks to buy and watch, Application materials (Amat), Nvidia (NVDA) And Trans Digm (D.T.G.) Are in or near buy zones.

Microsoft and TransDigm IPT Leaderboard Shares. Nvidia Featured This week Buy stocks near the zonal column, Applied Materials a IPT SwingTrader role.

Dow Jones today

The Dow Jones Industrial Average traded up 0.3% on Wednesday, with the S&P 500 up 0.3%. The technology-heavy Nasdaq hybrid rose 0.2% in morning trade.

In the middle Transfer Trade Funds, Inventor IPD 50 (FFTY) Wednesday 1.2% lower. Nasdaq 100 Tracker Invesco QQ Trust ETF (QQQ) Traded up to 0.25%. Meanwhile, the SPDR S&P 500 ETF (Spy) 0.2% higher.

Stock market rally

The Dow Jones Industrial Average sought to extend its success to five sessions on Wednesday because it is higher than the May 10 record. Meanwhile, technology-heavy Nasdaq is above its 50-day moving average following a positive comeback last week. The potential resistance is around 14,000.

Big picture on Tuesday The column commented, “The Nasdaq hybrid closed 0.1% lower, which was five time sessions of sluggish price performance. On the plus side, the Nasdaq holds above its 50-day moving average and has some room before it reaches the potential resistance level of 14,000.”

For more stock market commentary, see The Big Picture of IPT.

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Buy and View Stocks: Applied Products, Nvidia, Trans Digm

Consumer goods traded up nearly 1% on Wednesday, trading at 146.10, down 4% Buy point A Integration. Meanwhile, the stocks are trying to destroy one Initial entry At 138.77.

According to IPD stock testing, AMAT stock Has a strong 97 out of a perfect 99 IPD Joint Assessment. Collective appraisal allows investors to easily measure the basic and technical metrics of a stock.

Nvidia tries to keep above its 648.67 buying point on a file site following Friday’s breakout move IPT Marketsmith Chart analysis. The stock is up 2% in the morning just above Wednesday’s entry. The 5% buy zone goes up to 681.10.

New IPT Leaderboard The stock has crossed the trans dikm 633.14 buying point Flat base Last week. The 5% buy zone Goes up to 664.80. As noted on the Leaderboard, the relative strength of TransDigm has risen to an all-time high since the site’s creation began in early April. That is a positive sign.

The stock accumulated 0.5% on Wednesday and traded above the 5% buy zone.

AMC stock

AMC Entertainment (A.M.C.) Rose to 35% on Wednesday morning, rising to 43.76 and adding 22.7% on Tuesday.

AMC stock While Reddit short-pressed mania raised heavily discounted stocks, its January high is above 20.36. The stock rallied 116% last week amid a new round of social media.

Zoom in on video revenue

Zoom video reported Strong revenue results Late Tuesday. Earnings for the April quarter rose 560% to $ 1.32 a share. Revenue rose 191% to $ 956.2 million, the company said.

The stock was down 0.3% on Wednesday morning. The shares are up more than 40% from their 52-week high.

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Tesla stock

Tesla shares fell 3% on Wednesday morning, threatening to exacerbate a loss for three sessions. Tesla recalls 6,000 Model 3 and Model Y cars in the United States because the brake caliper bolt may be loose and reduce tire pressure, Reuters reports, Citing a petition filed with the National Highway Traffic Safety Administration.

The stock recovered from its long-term 200-day moving average last week, still above that critical level. A new site may be created, but the stock is far from any new purchase.

On January 25, Tesla’s stock reached a record high of 900.40, up 93% from 466 buy points per cup with the handle.

Dow Jones Leaders: Apple, Microsoft

In the middle of the top Dow Jones Shares, Apple rose 0.5% on Wednesday as the stock struggles to regain the 50-day line. A decisive revision of the 50-day tax would be positive for the stock’s expectations; However, the lagging RS tax on stocks indicates significant stock market performance.

Earlier this month, a 7% -8% loss reduction from the 135.63 buy point in the stock triggered the sell-off rule.

Software company Microsoft advanced 0.55% on Wednesday and is in the buying range Flat base 246.23 Buy point, step IPT Marketsmith Chart analysis. The buy zone goes up to 258.54.

Don’t forget to follow Scott Lehton on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.

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