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Tag Archives: Plunges
Hollywood plunges into all-out war on the heels of pandemic and a streaming revolution – The Associated Press
- Hollywood plunges into all-out war on the heels of pandemic and a streaming revolution The Associated Press
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- View Full Coverage on Google News
Peru bus plunges off cliff, killing at least 24
Jan 28 (Reuters) – At least 24 people died in northern Peru after a bus carrying 60 passengers plunged off a cliff in early on Saturday, police told local media.
Peru’s transportation supervisory agency (SUTRAN) confirmed the crash in a statement, without providing a number of fatalities or injuries.
The tragedy, involving a bus for the company Q’Orianka Tours Aguila Dorada, occurred in the district of El Alto in the far north of Peru, SUTRAN said.
SUTRAN said early investigations showed the bus appeared to have an up-to-date safety inspection and accident insurance.
Road accidents are relatively common in Peru, with many drivers operating vehicles on precarious roads and without proper training. In 2021, 29 people died when a bus plunged off a highway in the Andes mountains.
Reporting by Brendan O’Boyle; Editing by Cynthia Osterman
Our Standards: The Thomson Reuters Trust Principles.
Founder of investment firm, 46, plunges to death from NYC rooftop bar
The founder of an investment firm plunged to his death from a Manhattan rooftop bar on Wednesday night, cops and law enforcement sources said.
The 46-year-old man plummeted from Bar 54 at the Hyatt Centric Times Square New York in front of at least two witnesses around 6:30 p.m., police and the sources said.
He landed on the street below and was pronounced dead on scene, cops said.
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His death is being investigated as a suspected suicide, an NYPD spokesperson said.
Sources said the man was a founder and partner at a Connecticut-based investment company.
This is the second time in less than four months a person plunged from the same hotel bar.
In October, aspiring model Elizabeth Gaglewski, of Queens, fell from Bar 54 before hitting a 27th floor balcony, the NYPD said. The 26-year-old woman was remembered as “sweet and loving” by family.
If you are struggling with suicidal thoughts or are experiencing a mental health crisis and live in New York City, you can call 1-888-NYC-WELL for free and confidential crisis counseling. If you live outside the five boroughs, you can dial the 24/7 National Suicide Prevention hotline at 988 or go to SuicidePreventionLifeline.org.
Driver dies after Tesla plunges into San Rafael backyard pool
SAN RAFAEL — The driver of a Tesla died after she crashed through a fence and into a swimming pool at a home in San Rafael Saturday.
Dave Cannon via KPIX
A woman was heading west on Point San Pedro around 7 a.m. Saturday when her Tesla left the roadway and ran into the pool outside a residence on Bonnie Banks Way, according to CHP officer Darrel Horner.
According to Horner, the woman was not wearing a seat belt.
San Rafael police and San Rafael fire department were first to arrive at the scene and the driver was pronounced dead, Horner said.
It is not yet known if the Tesla was in self-driving mode at the time of the crash.
No one in the home was hurt and damage was confined to the pool area.
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Dow Jones Futures Rise After Housing Data; Tesla Plunges On Reduced Production Schedule
Dow Jones futures rose Tuesday morning, with an early dose of economic data set to launch the short, final trading week of the year. China-based stocks rallied as that nation further eased its Covid restrictions. Tesla stock dived more than 6% after Reuters reported that the electric-vehicle giant plans to run a reduced production schedule at its Shanghai plant in January.
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Tuesday’s economic data includes two housing reports, with Case-Shiller home price index and FHFA House Price Index — both out at 9 a.m. ET — along with the Dallas Fed Manufacturing Survey out at 10:30 a.m. ET
October’s Case-Shiller home price index came in better than estimates, but still fell 0.5% after September’s 1.2% decline, and a year-over-year increase of 8.6%. Meanwhile, the FHFA House Price Index was flat for October, with a 9.8% year-over-year rise.
Finally, the Dallas Fed Manufacturing Survey is expected to post a -11.0 reading in December vs. -14.4 in the previous month.
On the earnings front, the schedule is bare this week heading into the final week of 2022, with Cal-Maine Foods (CALM) the sole reporter on Wednesday after the close.
Southwest Airlines (LUV) declined more than 3% after the company canceled more than two-thirds of its flights Monday, with plans to cut its schedules on Tuesday and Wednesday due to holiday winter storms.
EV giant Tesla (TSLA) dived more than 6% Tuesday. Dow Jones tech leaders Apple (AAPL) and Microsoft (MSFT) traded mixed ahead of today’s stock market open.
Medpace (MEDP), IBD Leaderboard stock Neurocrine Biosciences (NBIX), O’Reilly Auto Parts (ORLY) and Texas Roadhouse (TXRH) — as well as Dow Jones names Amgen (AMGN) and Caterpillar (CAT) — are among the top stocks to consider for investor watchlists. Keep in mind the recent market weakness should keep investors on the defensive.
Neurocrine and Texas Roadhouse are IBD Leaderboard stocks. Caterpillar and Medpace were recent IBD Stock Of The Day companies.
IBD’s latest newsletter MarketDiem gives you actionable ideas for stocks, options and crypto right in your inbox
Dow Jones Today: Oil Prices, Treasury Yields
Ahead of Tuesday’s opening bell, Dow Jones futures moved up 0.1% vs. fair value. S&P 500 futures inched higher. Tech-heavy Nasdaq 100 futures moved down 0.2% in morning action, with Tesla pulling hard to the downside while China names Trip.com (TCOM), Pinduoduo (PDD) and JD.com (JD) logged strong gains.
Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.2% and the SPDR S&P 500 ETF (SPY) moved up 0.5% early Tuesday.
Chinese authorities said the country would end its mandatory quarantine requirement for incoming travelers beginning on Jan. 8. Restrictions on the numbers of passengers and international flights will also be lifted. The latest step in China’s easing of strict Covid restrictions comes even as infections are reported to be spreading rapidly through the country.
China-based solar manufacturers posted some of the strongest early moves, with JinkoSolar (JKS) and Daqo New Energy (DQ) each up more than 4.5%. Among ETFs, KraneShares CSI China Internet (KWEB) jumped 2.3%. The iShares MSCI China (MCHI) added 2.2%.
The 10-year Treasury yield ticked higher to 3.81% Tuesday morning, with the 10-year yield rising after last week’s strong gains. Meanwhile, U.S. oil prices traded up less than 1% Tuesday, as West Texas Intermediate futures traded just above $80 a barrel in morning trade.
Stock Market Rally Under Pressure
On Friday, the Dow Jones Industrial Average rose 0.5%, and the S&P 500 advanced 0.6%. The tech-heavy Nasdaq composite climbed just 0.2%.
Friday’s The Big Picture column commented, “The Nasdaq composite also fought back from negative territory, though its gain was a miserly 0.2%. The tech-heavy index ended up slipping 1.9% for the week and it has work to do to break its downtrend. It is faring far worse than the S&P 500 this year, giving up nearly 34%.”
Now is an important time to read IBD’s The Big Picture column amid the ongoing stock market volatility.
Five Dow Jones Stocks To Buy And Watch Now
Dow Jones Stocks To Watch: Amgen, Caterpillar
Drugmaker Amgen continues to trace a flat base amid a three-week losing streak. And shares are below their 50-day line after sharp losses. For now, the correct buy point is 296.77, but the stock needs to decisively retake its 50-day first. AMGN stock traded a fraction higher Tuesday.
Dow Jones member Caterpillar broke out past a 239.95 buy point in a flat base last week, according to IBD MarketSmith pattern recognition, and just a few cents below the entry following Friday’s advance. Bullishly, the stock’s relative strength line, a key technical indicator, is at new highs. CAT stock rose 0.3% Tuesday.
CAT stock shows a strong 98 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. The Composite Rating is designed to help investors easily find top growth stocks.
4 Top Growth Stocks To Watch In The Current Stock Market Rally
Top Stocks To Watch: Medpace, Neurocrine, O’Reilly, Texas Roadhouse
Medpace bounced sharply from its 50-day line last week, with a gain of 3.3%. The stock rose 0.7% Friday to extend a win streak to four sessions. For now, the correct buy point looms at 235.82, but an earlier entry at 220.09 is also in play. MEDP stock was unchanged Tuesday.
IBD Leaderboard stock Neurocrine slipped 1.7% Friday, ending a five-day win streak that saw the biotech leader find support at its 50-day level. A strong rebound is bullish for the stock’s immediate prospects and the stock is likely forming the right side of a new base. NBIX stock was flat Tuesday.
O’Reilly Auto Parts was also finding much-needed support at its 50-day line last week and remains squarely above a 750.98 flat-base entry. A big rebound off the 50-day line could bring a follow-on entry point, but the market uptrend is under pressure right now, which increases the risk of buying stocks. A new base is likely forming, which will offer a new entry in the near future. ORLY shares were inactive Tuesday.
Texas Roadhouse shows a new buy point at 101.85 in a flat base, but is now consolidating below its 50-day line. The IBD Leaderboard stock will look to recover that key benchmark over the coming sessions, and the current two-day win streak is a promising start. TXRH stock traded unchanged Tuesday morning.
Stocks To Watch
These are four top stocks to watch in today’s stock market, including two Dow Jones leaders.
| Company Name | Symbol | Correct Buy Point | Type Of Base |
|---|---|---|---|
| Medpace | (MEDP) | 235.82 | Consolidation |
| Texas Roadhouse | (TXRH) | 101.85 | Flat base |
| Caterpillar | (CAT) | 239.95 | Flat base |
| Amgen | (AMGN) | 296.77 | Flat base |
Source: IBD Data As Of Dec. 27, 2022
Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live
Tesla Stock
Tesla stock declined another 2% Friday, extending a losing streak to six sessions and hitting another 52-week low. Last week, Tesla shares dived 18% to hit a new 52-week low price at 121.02. Shares closed about 69% off their 52-week high.
Shares extended their losses Tuesday morning, diving another 6% after Reuters reported Tesla extended its production cuts that began this month into next year. Tesla stock is set to hit a new low, trading below 116 a share in premarket trade.
Tesla reportedly suspended production at its Shanghai plant on Saturday, hurrying its plan to pause production at the plant at the end of December.
Dow Jones Leaders: Apple, Microsoft
Among Dow Jones stocks, Apple shares dropped 0.3% Friday, closing just shy of their 52-week low, which was set on June 16 at 129.04. The stock is around 28% off its 52-week high. Shares lost a fraction Tuesday.
Microsoft stock rose 0.2% Friday, but remains below the 50-day line after last week’s 2.4% decline. The software giant remains about 30% off its 52-week high. MSFT stock moved up 0.3% early Tuesday.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
YOU MAY ALSO LIKE:
Top Growth Stocks To Buy And Watch
Learn How To Time The Market With IBD’s ETF Market Strategy
Find The Best Long-Term Investments With IBD Long-Term Leaders
MarketSmith: Research, Charts, Data And Coaching All In One Place
How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks
Six dead in Spain after bus plunges off bridge into river
Six people died and two were injured after a passenger bus careened off a bridge and plunged into an overflowing river in northwestern Spain, emergency services said on Sunday.
Two survivors – the vehicle’s 63-year-old driver and a female passenger – were pulled out of the river by firefighters with rope and taken to nearby hospitals with varying degrees of injury.
The driver tested negative for alcohol and drugs, a police spokesperson told Reuters.
The spokesperson added that the search-and-rescue operation around the bridge had now concluded, while engineers attempted to find a way to safely recover the wreckage from the river Lerez.
The river’s strong current and high flow due to heavy rains sweeping the Galicia region hampered efforts to retrieve the bodies throughout the weekend.
The coach from the company Monbus was travelling between the cities of Lugo and Vigo on Saturday night and had stopped at a penitentiary center near the site of the accident.
It skidded off a straight road on the bridge for reasons that remain unclear and plunged into the water in a fall of at least 40 meters (131 feet) at around 9.30 p.m. local time (2030 GMT).
Emergency services were first alerted by a call from a passerby who noticed the bridge’s protective barrier had been severely damaged. Shortly afterwards, they received a second call from inside the bus as it was filling up with water.
The river remained above its overflow threshold throughout the night, forcing emergency rescue workers to suspend the operation for nearly two hours before resuming in the morning.
Authorities at first reported a total of nine people onboard the bus when it fell, based on the driver’s testimony, though the count is now believed to have been eight based on missing person reports filed by relatives.
The regional president of Galicia, Alfonso Rueda, pointed to the “very bad” weather conditions as one of the possible causes of the accident.
Dow Jones Dives On Jobless Claims, GDP; CarMax Plunges On ‘Vehicle Affordability Issues’
The Dow Jones Industrial Average dived more than 400 points Thursday in the wake of first-time jobless claims and another estimate for third-quarter gross domestic product. Chip stocks came under pressure after weak quarterly results from Micron Technology. And CarMax plunged as it reported consumers are starting to balk at car prices.
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The Labor Department said Thursday that initial jobless claims rose to 216,000, below estimates for a rise to 225,000 vs. 211,000 in the prior week. Also, the Commerce Department reported another estimate of third-quarter GDP came in stronger than expected. This third estimate showed growth of 3.2% vs. the second estimate’s 2.9%.
On Friday, investors will shift their attention to more inflation data, with the release of November’s personal consumption expenditures figures.
Micron Technology (MU) dropped more than 3% Thursday. Late Wednesday, the memory-chip maker missed estimates for its fiscal first quarter amid a cyclical downturn. The chip industry bellwether also predicted current-quarter results that were far below analyst views, sending chip stocks to broad early losses.
CarMax (KMX) careened 8% lower, after management said inflation and rising interest rates led to “vehicle affordability issues.” The company fell far short of third-quarter earnings estimates.
Chinese stocks were strong outperformers Thursday morning, as Hong Kong’s Hang Seng Index surged nearly 3% on pledges for new growth initiatives and some easing of international tension. Alibaba (BABA) rose nearly 1%, while JD.com (JD) was unchanged. Pinduoduo (PDD) inched lower.
Electric-vehicle giant Tesla (TSLA) dropped more than 3% Thursday. Dow Jones energy giant Chevron (CVX) fell 0.6% Thursday morning, as U.S. oil prices continue to rise. Dow Jones tech leaders Apple (AAPL) and Microsoft (MSFT) traded lower after today’s stock market open.
IBD Leaderboard stock Neurocrine Biosciences (NBIX), KLA (KLAC), O’Reilly Auto Parts (ORLY) and Texas Roadhouse (TXRH) — as well as Dow Jones names Amgen (AMGN), Caterpillar (CAT) and Home Depot (HD) — are among the top stocks to consider for investor watchlists. Keep in mind the recent market weakness should keep investors on the defensive.
Neurocrine and Texas Roadhouse are IBD Leaderboard stocks. Caterpillar was a recent IBD Stock Of The Day company.
IBD’s latest newsletter MarketDiem gives you actionable ideas for stocks, options and crypto right in your inbox
Dow Jones Today: Oil Prices, Treasury Yields
After Thursday’s opening bell, the Dow Jones Industrial Average moved down 1.3%, while the S&P 500 fell 1.6%. The tech-heavy Nasdaq composite lost 2.2% in morning action.
Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 1.8% and the SPDR S&P 500 ETF (SPY) moved down 1.3% early Thursday.
The 10-year Treasury yield ticked lower to 3.67% Thursday morning, on pace to snap a three-day win streak.
Meanwhile, U.S. oil prices traded up nearly 2% Thursday, as West Texas Intermediate futures rose to almost $80 a barrel in morning trade.
Stock Market Rally Under Pressure
On Wednesday, the stock market posted a strong performance, with the Dow Jones Industrial Average rallying 1.6%. The S&P 500 and Nasdaq composite both rose 1.5%.
Wednesday’s The Big Picture column commented, “Meanwhile, the new rally attempt faces another inflation data test on Friday. Before the stock market opens, the last traders manning equity desks across the country ahead of the three-day Christmas holiday will be eyeing closely the November personal consumption expenditures figures.”
Now is an important time to read IBD’s The Big Picture column amid the ongoing stock market volatility.
Five Dow Jones Stocks To Buy And Watch Now
Dow Jones Stocks To Watch: Amgen, Caterpillar, Home Depot
Drugmaker Amgen is building a new flat base following a big advance into the middle of November. But shares are below their 50-day line after sharp losses in recent weeks. For now, the correct buy point is 296.77, but the stock needs to decisively retake its 50-day first. AMGN stock traded down 0.8% Thursday.
Dow Jones member Caterpillar broke out past a 239.95 buy point in a flat base, according to IBD MarketSmith pattern recognition, during Wednesday’s 2.8% breakout move. Bullishly, the stock’s relative strength line, a key technical indicator, hit a new high. CAT stock lost 1.1% Thursday.
CAT stock shows a strong 97 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup.
Home improvement retailer Home Depot is about 4% below a cup-with-handle base’s 329.77 buy point after reversing last week’s breakout move. HD stock traded down 1.6% Thursday morning.
4 Top Growth Stocks To Watch In The Current Stock Market Rally
Top Stocks To Watch: KLA, Neurocrine, O’Reilly, Texas Roadhouse
Chip equipment leader KLA reclaimed its cup-with-handle’s 392.60 entry during Wednesday’s 2.8% advance. KLA shares traded down 3.9% Thursday.
IBD Leaderboard stock Neurocrine rallied for a fourth straight session Wednesday, gaining 1% and continuing to rebound from support at its 50-day level. A strong rebound is bullish for the stock’s immediate prospects and would likely lead to the formation of a new base. NBIX stock added 0.4% Thursday.
O’Reilly Auto Parts is also finding much-needed support at its 50-day line this week and remains squarely above a 750.98 flat-base entry. A big rebound off the 50-day line could bring a follow-on entry point, but the market uptrend is under pressure right now, which increases the risk of buying stocks. ORLY shares dipped 1% Thursday.
Texas Roadhouse shows a new buy point at 101.85, but is now consolidating below its 50-day line. The IBD Leaderboard stock will look to recover that key benchmark over the coming days. TXRH stock traded down 1.1% Thursday morning.
Stocks To Watch
These are five top stocks to watch in today’s stock market, including three Dow Jones leaders.
| Company Name | Symbol | Correct Buy Point | Type Of Base |
|---|---|---|---|
| KLA | (KLAC) | 392.60 | Cup with handle |
| Texas Roadhouse | (TXRH) | 101.85 | Flat base |
| Caterpillar | (CAT) | 239.95 | Flat base |
| Home Depot | (HD) | 329.77 | Cup with handle |
| Amgen | (AMGN) | 296.77 | Flat base |
Source: IBD Data As Of Dec. 21, 2022
Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live
Tesla Stock
Tesla stock declined 0.2% Wednesday, extending a losing streak to four sessions and hitting another 52-week low. Shares lost more than 3% Thursday morning, marking a fresh 52-week low at 132.28.
On Wednesday, TSLA stock hit a new 52-week low, trading as low as 135.89. Shares closed about 66% off their 52-week high.
Dow Jones Leaders: Apple, Microsoft
Among Dow Jones stocks, Apple shares jumped 2.4% Wednesday, snapping a five-day losing streak. The stock remains near its 52-week low, which was set on June 16 at 129.04. The stock is around 26% off its 52-week high. Shares traded down 1.5% Thursday.
Microsoft rose 1.1% Wednesday, rising for a second straight day and moving further above their 50-day line. The software giant remains about 30% off its 52-week high. MSFT stock moved down 1.6% early Thursday.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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Dow Jones Dives On Fear Of More Rate Hikes Into 2023; Tesla Stock Plunges
Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold off more than 480 points Monday. Tesla stock dived after multiple reports said Tesla is planning to cut its EV production in China, as demand seems to be faltering.
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The EV giant refuted the reports, calling the claims that it’s cutting its China production untrue. Still, investors left the stock down more than 6% and near the day’s lows.
More Fed Rate Hikes Into 2023?
The stock market headed south Monday, as stronger-than-expected economic data sparked fears that the Federal Reserve will continue to aggressively raise interest rates into next year due to a strong labor market. Early Monday, the ISM services report came in better than expected, with a 56.5 reading in November vs. a 54.4 in October. The ISM services is a barometer of U.S. business conditions in the service sector; a reading above 50 indicates expansion and a sub-50 reading is contraction.
Monday’s economic data came directly on the heels of Friday’s strong jobs report that showed employers added 263,000 payroll positions while the unemployment rate held at 3.7% and wages jumped.
According to Nick Timiraos at the Wall Street Journal, “Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage points at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect.”
Timiraos continued, “policymakers expect price pressures to ease meaningfully next year, but brisk wage growth or higher inflation in labor-intensive service sectors of the economy could lead more of them to support raising their benchmark rate next year above the 5% currently anticipated by investors.”
The 10-year Treasury yield jumped to 3.59% Monday, rebounding from last week’s sharp losses.
Earnings reports this week include Academy Sports + Outdoors (ASO), AutoZone (AZO), Broadcom (AVGO), Ciena (CIEN), Lululemon Athletica (LULU), Ollie’s Bargain Outlet (OLLI) and Toll Brothers (TOL).
Stock Market Today
On Monday, the Dow Jones Industrial Average lost 1.4%, or 482 points, and the S&P 500 dropped 1.8%. The tech-heavy Nasdaq composite sold off 1.9%. Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) moved down 1.7% and the SPDR S&P 500 (SPY) fell 1.8%.
Electric vehicle giant Tesla (TSLA) traded down 6.4% Monday. Among Dow Jones stocks, Apple (AAPL) declined 0.8% and Microsoft (MSFT) dropped 1.2% in today’s stock market.
Celsius (CELH), Chubb (CB), Dexcom (DXCM) and KLA (KLAC)— as well as Dow Jones names Caterpillar (CAT), Chevron (CVX) and Home Depot (HD) — are among the top stocks to buy and watch.
Dexcom is an IBD Leaderboard stock. Caterpillar and Home Depot were featured in this week’s Stocks Near A Buy Zone column. Celsius was a recent IBD 50 Stocks To Watch pick and a New America stock. Caterpillar was Thursday’s Stock Of The Day.
4 Top Growth Stocks To Buy And Watch In The Current Stock Market Rally
Dow Jones Futures Today: Oil Prices
Ahead of Tuesday’s opening bell, Dow Jones futures rose 0.2% vs. fair value, while S&P 500 futures gained 0.25%. The tech-heavy Nasdaq 100 futures were up 0.3% vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
U.S. oil prices reversed from early gains to fall more than 3%. West Texas Intermediate futures traded just above $77 a barrel. Crude oil prices initially rose after the European Union sanctions on Russian crude oil went into full effect.
IBD’s latest newsletter, MarketDiem, gives you actionable ideas for stocks, options and crypto right in your inbox.
What To Do In The Stock Market Rally
Now is an important time to read IBD’s The Big Picture column with the stock market trend back in a “confirmed uptrend.”
While it’s certainly true that the S&P 500 and Nasdaq composite are still in confirmed uptrends, the crop of actionable stocks has been disappointing. It hasn’t been easy increasing exposure.
When it comes to new buys, what kind of feedback are you getting? Are new buys making progress from buy points? In this case, it’s OK to give them some room. But don’t be afraid to take partial profits if a gain hits at least 10%. If new buys go the wrong way, cut losses when the stock is 3% to 4% down, instead of waiting for the 7% rule to trigger.
Light, flexible trading is the best course of action for now. If the uptrend starts to gain traction again, there will be plenty of opportunities to increase exposure. And don’t be afraid to look for early entries, rather than waiting for a stock to hit a conventional buy point.
(Check out IBD Stock Lists like the IBD 50 and Stocks Near A Buy Zone, for additional stock ideas.)
Five Dow Jones Stocks To Buy And Watch Now
Dow Jones Stocks To Buy And Watch: Caterpillar, Chevron, Home Depot
Dow Jones member Caterpillar is close to retaking its cup base’s 238 buy point, according to IBD MarketSmith pattern recognition, and is about 2% below the entry. CAT stock fell 1.5% Monday.
CAT stock boasts a solid 94 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup.
Energy giant Chevron fell 2.5% Monday, falling further below its 182.50 buy point in a consolidation base.
Home improvement retailer Home Depot ended Monday about 4% below a cup base’s 333.08 buy point following the stock’s 2.4% decline.
Top Stocks To Buy And Watch: Celsius, Chubb, Dexcom, KLA
Energy-drink maker Celsius dropped 3.5% Monday, snapping a three-day win streak. Shares are trying to break out past a cup base’s 118.29 buy point, but are about 4% below the entry, according to IBD MarketSmith pattern recognition.
Insurance giant Chubb is trading just below a cup-with-handle’s 216.10 buy point Monday after the session’s 1.7% loss. The 5% buy area tops out at 226.91.
IBD Leaderboard stock Dexcom is approaching an alternate entry at 123.46 despite Monday’s 1.3% fall. Shares are about 5% away from their latest buy point.
New IBD Long-Term Leader KLA continues to hold just below a cup-with-handle’s 392.60 buy point amid a three-day losing streak, as shares dipped 0.25% Monday. The RS line continues to hold right at new highs, a sign of stock market leadership.
Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live
Tesla Stock
Tesla stock skidded 6.4% Monday, snapping a three-day win streak and giving up the entirety of last week’s gains.
In recent weeks, the stock hit its lowest level since Nov. 23, 2020, reaching a new 52-week low price at 166.19. Since then, the stock has rebounded but remains sharply below its 50- and 200-day moving average lines. Shares are around 55% off their 52-week high.
Dow Jones Leaders: Apple, Microsoft
Among Dow Jones stocks, Apple shares declined 0.8% Monday, but are still holding above their 50-day line. The stock is more than 20% off its 52-week high.
Microsoft faltered 1.2% Monday, as shares continue to hold above the 50-day line. The software giant remains about 27% off its 52-week high.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks
Lake Victoria crash: Commercial aircraft plunges into lake in Tanzania
CNN
—
Several passengers on board a commercial flight operated by Precision Air which crashed into Lake Victoria in Tanzania on Sunday have been rescued, according to officials.
Boats with emergency response personnel were deployed to the crash site at Africa’s largest lake near Bukoba airport. It was not immediately clear how many passengers were on board or if there were any fatalities in the crash.
Speaking at the site, Kagera provincial police commander William Mwampaghale said “everything is currently under control.”
“Rescue operations are underway, we have so far rescued several people and eventually we will make sure we have rescued everyone and removed the airplane out of the water,” he said.
“Those who have been rescued have been taken to our referral hospital.”
Video circulating on social media taken by onlookers on the shores of Lake Victoria showed the aircraft submerged in the water with emergency responders coordinating rescue efforts from nearby boats.
Tanzania’s President took to social media to call for calm while rescuers worked at the site of a downed plane.
“I have received with sadness the information of the crash of the Precision Air flight at Lake Victoria, in the Kagera region,” President Samoa Suluhu wrote on Twitter Sunday.
“I send my condolences to all those affected by this incident. Let’s continue to be calm as the rescue operation continues and we pray to God to help us.”
Precision Air is a Tanzanian airline based out of Dar es Salaam.
This is a developing story – more to come