Dow Jones Falls As Fed Meeting Looms; Tesla Called 'Top Pick'

The Dow Jones Industrial Average reversed little Monday, up of a slew of captious net reports and a two-day Federal Reserve argumentation gathering this week. One of the aboriginal winners connected the banal marketplace contiguous was electric-vehicle elephantine Tesla (TSLA), which was named a "top pick" astatine Morgan Stanley.

↑ X NOW PLAYING A Tale Of Two Markets; 3M, GE Aerospace, ServiceNow successful Focus

After the opening bell, the Dow Jones Industrial Average fell 0.1%, portion the S&P 500 added 0.3%. The tech-focused Nasdaq composite climbed 0.8% successful greeting action.

Early Monday, the 10-year Treasury output ticked little to 4.15%. Oil prices eased, with West Texas Intermediate futures trading astir $77 a barrel.

Among exchange traded funds, the Invesco QQQ Trust (QQQ) was up 0.8%, portion the SPDR S&P 500 ETF (SPY) gained 0.4% aft the open.

Tesla banal rallied 4.6% Monday greeting aft it became Morgan Stanley's caller "Top Pick" among U.S. automakers, replacing Ford (F). The brokerage cited 40% upside to the firm's 310 terms target, "more managed" expectations connected autos and almighty emerging worth stimulants.

Morgan Stanley, however, added that it believes near-term expectations astir afloat self-driving vehicles and robotaxis whitethorn beryllium excessively high. It holds an overweight standing connected Tesla shares.

Wake-Up Calls Still Ringing For Nvidia, Google, Meta And More

Stock Market Today: Fed Meeting, Jobs Report Loom

This week's biggest quality is expected from the two-day Federal Reserve gathering that begins Tuesday with a argumentation announcement expected Wednesday. The Labor Department is owed to study July payrolls connected Friday.

Big net reports this week see Dow Jones tech titans Apple (AAPL), Intel (INTC) and Microsoft (MSFT), portion blue-chip components Boeing (BA), Merck (MRK), Pfizer (PFE) and Procter & Gamble (PG) are besides expected to announce.

Other are expected from Magnificent Seven players Amazon (AMZN) and Meta Platforms (META).

Key net movers Monday see McDonald's (MCD), On Semiconductor (ON) and Philips (PHG).

McDonald's shares fell 0.1% successful greeting trading, portion On climbed surged much than 11%. And Philips banal soared implicit 13% successful aboriginal action.

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Dow Jones Bounces

On Friday, the Nasdaq composite rallied 1%, portion the S&P 500 surged 1.1%. And the Dow Jones Industrial Average fared champion among the large indexes connected the banal market, popping 1.6%.

Investor's Business Daily's Big Picture column commented, "While Friday's bounce was encouraging, it was not capable to stave disconnected achy play losses for the S&P 500 and Nasdaq. With immoderate noteworthy events successful the coming week, including a slew of tech earnings, it remains prudent to clasp vulnerability to the 40% to 60% level for now."

During Friday's IBD Live show, the IBD Live squad discussed the existent trading conditions and however investors should grip the banal marketplace today.

Now is an important clip to work The Big Picture column amid the ongoing marketplace action. Also, beryllium definite to work however to set to changing marketplace conditions, with IBD's caller vulnerability levels.

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Stock Market Today: Best Stocks To Watch

Among the champion companies to watch connected the banal marketplace today are Badger Meter (BMI), GE Aerospace (GE), ServiceNow (NOW), Tenet Healthcare (THC) and Toll Brothers (TOL).

Also connected the database are Dow Jones components Amazon, American Express (AXP), Apple, IBM (IBM) and Microsoft.

IBD MarketSurge's Breaking Out Today database included Installed Building Products (IBP). Shares topped a 257.45 double-bottom introduction Friday. Shares inched 0.4% higher successful greeting trades Monday.

Check retired the MarketSurge "Near Pivot" list for much stocks nearing bargain points successful bases. To find much banal ideas, cheque IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.

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Dow Jones: American Express, IBM

Among Dow components, payments elephantine American Express regained a level base's 244.41 entry, according to MarketSurge signifier recognition, pursuing Friday's gains. Meanwhile, IBM staged a breakout Thursday pursuing the company's net report. Shares are supra a 189.47 cup-with-handle entry. IBM banal fell 0.3% aboriginal Monday.

Outside the Dow Jones index, Badger Meter is breaking retired supra a 202.81 introduction successful a level base, arsenic it climbed 2.4% Friday. Shares were up different 1.6% Monday morning.

GE stock's caller breakout past a 170.80 buy point remains nether pressure, but shares are rebounding. Shares roseate 0.2% aboriginal Monday.

ServiceNow surged past week connected second-quarter net results, topping a 806.52 grip entry. ServiceNow fell 0.6% aboriginal Monday.

Tenet Healthcare added 1.4% Friday, further extended supra a level base's 142.35 entry. Shares added 1.2% Monday.

Finally, homebuilder Toll Brothers broke retired past a 135.37 cup-base entry, with a 5.1% beforehand Friday. And connected Monday morning, Toll Brothers banal moved up 0.9%.

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Stock Market Today: Companies To Watch

These are 4 stocks successful oregon adjacent bargain zones successful today's banal market.

Source: IBD Data arsenic of July 25

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Magnificent Seven Stocks: Nvidia

Magnificent Seven stock Nvidia (NVDA) roseate 2.1% successful greeting trade.

Nvidia stock, an IBD Leaderboard name, closed beneath its 50-day enactment Friday, with crisp losses past week.

Dow Jones Leaders: Amazon, Apple, Microsoft

Among Dow Jones components successful the Magnificent Seven, Amazon, Apple and Microsoft traded higher aft Monday's stock marketplace open.

Amazon triggered the 7% nonaccomplishment regularisation past week aft falling good beneath a 191.70 bargain constituent successful a level base. Shares are besides beneath their 50-day line. Amazon banal roseate 0.7% Monday.

Apple banal inched higher, but inactive remains squarely disconnected its grounds high, which was acceptable connected July 15. Shares gained 0.4% Monday.

Microsoft shares rebounded 1.6% Friday, inactive beneath their level base's 430.82 bargain constituent and 50-day line. And aboriginal Monday, the banal was up 0.7%.

Be definite to travel Scott Lehtonen connected X, formerly known arsenic Twitter, astatine @IBD_SLehtonen for much connected maturation stocks, the Dow Jones Industrial Average and the banal marketplace today.

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