The Dow Jones Industrial Average briefly rallied 125 points Monday, as the stock market rally looked to kick off 2022 on a positive note. Tesla stock surged 10% on blowout deliveries.
Chinese EV leaders Li Auto, Nio, and Xpeng Motors also reported strong deliveries over the weekend.
Among the Dow Jones leaders, Apple (AAPL) rose 1.7% Monday, while Microsoft (MSFT) moved down 0.4% in today’s stock market.
Also among the Dow 30, Home Depot (HD) continues to rebound from support, while Nike (NKE) aimed to retake a key level.
Electric-vehicle leader Tesla (TSLA) traded up 10% Monday. Its rival, Rivian (RIVN), was down over 2%. Lucid Group (LCID) climbed around 2%. And Chinese EV leaders Li Auto (LI), Nio (NIO), and Xpeng Motors (XPEV) were sharply mixed Monday morning after their December sales reports over the weekend.
Among Monday’s top stocks to buy and watch, Applied Materials (AMAT), Datadog (DDOG), Fortinet (FTNT), Huntsman (HUN) and Icon (ICLR) are in or near new buy zones.
Icon, Microsoft, and Tesla are IBD Leaderboard stocks. Datadog is an IPO Leader. Fortinet was featured in last week’s Stocks Near A Buy Zone column. Applied Materials is an IBD SwingTrader stock.
Huntsman was Wednesday’s IBD Stock Of The Day.
Courtesy: Investors
