market rally roar; 5 growth stocks near buy points

Dow Jones Futures opens on Sunday evening along with S&P 500 Futures and Nasdaq Futures, with Apple (AAPL) and Microsoft leading the best performing weeks. The stock market rally was strong last week. It signals a change in personality. X 10-Year Treasury yields surged to 14-year highs in one week. But yields, particularly two-year yields, plummeted on Friday, sparking hopes that the pace of Fed rate hikes will soon slow down, according to a Wall Street Journal report. The leading index, which rose solidly throughout the volatile week, rose sharply on Friday. The S&P 500 and Nasdaq removed major short-term resistance when they joined the Dow. But with some positive market signals, investors should look for potential winners in the next bull market. Snowflake (SNOW), Shift4Payments (FOUR) and DoubleVerify (DV) are fast-growing technology companies that have gone public over the past two years. Lithium giants Albemarle (ALB) and Shockwave (SWAV) are also booming, and their stocks are about to return to key levels within the base. Meanwhile, Apple stock, Microsoft (MSFT), Google parent Alphabet (GOOGL), Amazon.com (AMZN), and Metaplatform (META) all report next week, with Boeing (BA), Merck (MRK), Vertex Pharmaceuticals (VRTX) and Hundreds of other companies. With the exception of Vertex and MRK stocks, all are near buy points, and all names listed above are off highs. Still, the earnings report can be a catalyst for big market gains, sharp losses, or more whiplash action. Vertex and DV stocks are listed on the IBD leaderboard and IBD 50. Albemarle and SWAV shares are on the leaderboard watchlist. VRTX shares are in IBD Big Cap 20. Microsoft and Google stocks are in IBD Long-Term Leaders. Shift4Payments was Friday’s IBD stock. Dow Jones Futures Today Dow Jones Futures opens at 6pm on Sunday with S&P 500 Futures and Nasdaq 100 Futures. Remember that overnight actions on Dow futures and elsewhere do not necessarily lead to actual trading in the next regular stock market session. Join an IBD expert analyzing viable stocks in a stock market rally in IBD Live Stock Market Rally. Attempts at a stock market rally jumped to kick off the week, and profits declined and then rebounded again on Friday. The Dow Jones Industrial Average surged 4.9% in the stock market last week. The S&P 500 rose 4.75%. The Nasdaq Composite rose 5.2%. Small cap Russell 2000 rose 3.6%. Apple stock, Microsoft, Google and Amazon all took back their 21-day moving averages on Friday. The meta stock is nearing a bear market bottom as Snap(SNAP) plunged Friday on a disappointing third-quarter report. Friday’s market rebound came in a Wall Street Journal report that Fed officials are considering a slower rate hike after a fourth straight 75 basis point move at the November meeting. Some Fed policymakers on Friday and last week are also starting to lay the groundwork to curb rate hikes. The market is now leaning slightly towards the Fed’s 50 basis point rate hike in December. Thursday’s 75% chance is another 3/4 point increase. Obviously, there is a lot of economic data between now and the December 14th Fed meeting. The 10-year Treasury bond yield surged 20bp to 4.21%, rising for the 12th week in a row. However, the benchmark Treasury yield fell back from its 14-year high of Friday’s intraday high of 4.33%, dropping the session by 2 basis points. The yield on the two-year Treasury, more closely tied to Fed policy, hit a 15-year high of 4.64% on Friday but fell sharply to close the day at 4.48%, down 1 basis point for the week. The US dollar fell solidly during the week, mainly on Friday, as Treasury yields recovered to their weekly highs and the Bank of Japan clearly intervened to support the yen. U.S. crude futures rose 0.5% to $85.05 a barrel last week. But natural gas prices plummeted 23%. Among the best ETFs in ETFs, the Innovator IBD 50 ETF (FFTY) is up 5.6% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) is up 4.2%. The iShares Expanded Tech-Software Sector ETF (IGV) is up nearly 7%, and MSFT stock is a huge IGV component. The VanEck Vector Semiconductor ETF (SMH) rose 7.6%. The SPDR S&P Metals & Mining ETF (XME) was up 9% last week. The Global X US Infrastructure Development ETF (PAVE) rose 4.8%. The US Global Jet ETF (JETS) rose 5.35%. The SPDR S&P Homebuilders ETF (XHB) rose 0.5%. The Energy Select SPDR ETF (XLE) rose 8.3% and the Financial Select SPDR ETF (XLF) rose 3.8%. Healthcare Select Sector SPDR Fund (XLV) Up 2.1% Reflecting a more speculative story stock, the ARK Innovation ETF (ARKK) rose 5.6% last week and the ARK Genomics ETF (ARKG) rose 2%. China’s top 5 stocks to watch out for right now went public in September 2020 and surged to a record 429 in December 2020. However, the stock fell to 110.27 in June 2022. However, the SNOW stock has now bottomed around 50. -205.76 buy point and one line. The share price rose 16% last week to 177.10. Early entry is possible by moving above the 200-day line. However, SNOW stocks may have large overhead resistance. Snowflake boasts strong revenue growth, but continues to turn profitable with the expectation of big profits in 2023. DoubleVerify shares, an April 2021 IPO, have consolidated over the past few weeks and found support at the 50-day level. . The buy point for DV stock is 30.02. Shares attempted a breakout on Tuesday and retreated, but still had a solid week. The digital advertising segment has strong revenue and solid revenue growth. MarketSmith analysis shows FOUR stock is working from its own bottom with a buy point of 51.52. Shift4Payments stock can enter early above 48.66, which means liquidation of the 50-day and 200-day lines. With its June 2020 IPO, digital payment processors are expanding from restaurants to a variety of other sectors. Revenue growth is strong and is expected to continue through 2023. ALB stock rebounded nearly 14% last week to 270.01. It plunged nearly 13% the previous week as some analysts bet on lower lithium prices. Prices for metals used in electric vehicles are soaring to record highs as supply outstrips demand for years to come. With no recent IPO, Albemarle is benefiting from higher-priced contracts as it ramps up production over time. ALB stock now has a new base with 308.34 buying points. A decisive move beyond the 50-day line could provide an early entry. SWAV shares rose 9% last week to 276.70. It is below the 50-day line, which is currently serving as resistance. The buy point for Shockwave stock is 315. However, a strong move above the 50-day break the trend line and offers an early entry. One caveat: volume has been low in recent weeks. However, Shockwave revenue is surging with triple-digit revenue growth. The relative strength line remains near all-time highs, even as SWAV shares retreat from their late August highs. Analysis of 5 stock market rallies in which the S&P 500 Giants are bullish The stock market rallies have been positive, despite continued volatility. The leading index was higher than Monday’s opening day and remained comfortably positive throughout the week as Treasury yields continued to rise. Friday’s WSJ report suggests that Fed officials may finally be preparing to turn down aggressive tightening. The Dow Jones Industrial Average closed comfortably above its 21-day moving average on Friday, including the S&P 500, Russell 2000 and even the Nasdaq Composite. NYSE volume rose in all sessions. On Thursday, options expiring resulted in Nasdaq volume rising at the close. A market rally may have a bridge, but that doesn’t mean you’re out of the competition. This could be another bear market rally. The Dow is just below the 50-day moving average and above its 10-week moving average, and the other indexes are not too far behind. Above the 50-day line there is a 200-day average and a mid-August high. Oil prices are performing well thanks to the recent rally in oil prices and expectations for further gains over the winter. Natural gas producers are struggling as natgas futures plummeted. Some biotech, pharmaceutical and healthcare companies continue to gain strength, including Merck, Vertex, Cardinal Health (CAH) and Humana (HUM). Growth stocks are rare, but many are still forming, such as ALB stocks and Shockwave. Time the Market with IBD’s ETF Market Strategy What to Do Now Keeping your emotions in check while remaining flexible is a key part of investing. The market rally is somewhat bullish, so you can’t get stuck in a bearish mindset. But I don’t want to be too excited to place a big bet. Investors can take small positions in stocks or broad market ETFs. If this works and the market rally continues to build momentum, you can slowly add positions. But if the market crashes again, step back quickly. So make sure your watchlist is up to date over the weekend. Select a list of future viable or potentially viable stocks. However, keep a broader list of stocks that show relative strength. Remember, earnings seasons can shake up entire markets and sectors, not just individual stocks. Apple revenues could shake up various iPhone chip makers and vendors. Microsoft, Google, Meta Platforms and Amazon may raise hopes or doubts about cloud computing, IT spending, e-commerce and online advertising. Microsoft and Google report their stocks on Tuesday night, while Boeing and Meta report on Wednesday. Merck, Vertex, Amazon and Apple stocks are up on Thursday. Read the big picture daily to stay in sync with market direction and key stocks and sectors. Follow Ed Carson on Twitter @IBD_ECarson for stock market updates and more. 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