Market Rally Steps Up, But Apple, Big Earnings Due; 5 Growth Stocks Near Buy Points

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with Apple (AAPL) and Microsoft leading peak earnings week. The stock market rally had strong gains last week.


The 10-year Treasury yield spiked to fresh 14-year highs during the week. But yields, especially the two-year rate, tumbled Friday on a Wall Street Journal report stoking hopes for slower Fed rate hikes soon.

The major indexes moved above key short-term resistance. Volatility remains fierce for the indexes, stocks and overnight futures.

But with some positive market signals, investors should be looking for potential winners in the next bull market. Snowflake (SNOW), Shift4Payments (FOUR) and DoubleVerify (DV) are fast-growing tech firms that came public in the past two years. Lithium giant Albemarle (ALB) and Shockwave (SWAV) also are booming, with their stocks trying to make their way back to a key level within bases.

Meanwhile, Apple stock, Microsoft (MSFT), Google parent Alphabet (GOOGL), (AMZN), and Meta Platforms (META) all report next week, along with Boeing (BA), Merck (MRK), Vertex Pharmaceuticals (VRTX) and hundreds of other companies.

Aside from Vertex and MRK stock, both near buy points, all of the names listed above are well off highs. Still the earnings reports could be a catalyst for big market gains, sharp losses or more whipsaw action.

Vertex and DV stock are on IBD Leaderboard as well as the IBD 50 list. Albemarle and SWAV stock are on the Leaderboard watchlist. VRTX stock is on the IBD Big Cap 20. Microsoft and Google stock are on IBD Long-Term Leaders. Shift4Payments was Friday’s IBD Stock Of The Day.

Dow Jones Futures Today

Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

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