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Dow Jones Futures: Current Stock Market Rally Near Highs; Snap, iRobot, Texas Instruments are sources of profit



Dow Jones futures moved up late Tuesday, along with S & P 500 futures and Nasdaq futures. In a strong profit margin after the stock market reached record highs on Tuesday. The current stock market rally could mean that it is a long-term bull. Texas Instruments (TXN), iRobot (IRBT), Snap (SNAP), Edwards Lifesciences (EW) and ( EBAY) reported late.




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Texas Instruments' shares fell lower as the CFO signaled that a slowdown in the chips could last longer. That could be bad news for the hefty chip progress that has been swiftly boosting the current stock market rally.

Snap's share crashed after hours as eBay's stock rose. Edwards Lifesciences shares fell lower and iRobot shares fell.

The IRobot stock has a composite score of 98 out of 99, Texas Instruments a composite rating of 95, followed by Edwards Lifesciences with 93, eBay with 87 and Snap with 77. [19659006] Dow Jones Futures Today [19659007] Dow Jones futures rose a fraction of the fair value. S & P 500 futures increased. Nasdaq 100 futures climbed 0.1%. Keep in mind that the overnight action in Dow futures and elsewhere is not necessarily translated into actual trading in the next regular trading session.

Current Stock Market Rally

The current stock market rally was reinforced by gains from . Twitter (TWTR) to Lockheed Martin (LMT). The Nasdaq Composite rose 1.3% and the S & P 500 Index rose to 0.9%. Both reached the all-time high, reaching a fraction of last year's record high. The Dow Jones recovered 0.5% and is now within 1% of record highs. The Nasdaq 100 continued to reach record highs and rose 1.3%, while Apple (AAPL) and FANG stocks outperformed the S & P 500 index, while Qualcomm (QCOM) surpassed 6% % increased. 19659004] Growth stocks performed well, especially software. Among the best ETFs, the iShares Expanded Tech Software Sector ETF (IGV) rebounded 1.6%, after peaking again last week. The VanEck Vectors Semiconductor ETF (SMH) rose 0.8% to a new high, but fell slightly in hours as the stock of Texas Instruments fell. The innovator IBD 50 ETF (FFTY) rose by 1.1%.

Long-term bull market?

With megacap technology and growth stocks peaking at record highs, it's no wonder that stock market indexes are knocking on the door. 19659004] If the current stock market rally deletes the old highs convincingly, that would be a strong signal that a new or revived long-term home market is back in play. Over the last few months, the stock market has offered dozens of top stocks that broke out bullishly and made solid gains. This stock market rally was tradable, but we had no clear indication that it was indeed a bull market.

Texas Instruments Stock

Texas Instruments earnings and sales outperformed the first quarter results. Gross margin and Texas Instruments forecast for the second quarter were slightly below consensus. The shares initially fell by 5%, but then fell by 1.7% to 114.41. Chief Financial Officer Rafael Lizardi says that cyclical downturns usually fall by four to five quarters. TI just had the second quarter of declining sales. Investors bought the shares of Texas Instrument and other chip names due to expectations of a recovery in the industry during the year.

Texas Instruments' stock closed at 1.2% at 116.38 and was still within the buy range at a purchase price of $ 113.08. Group Leader Xilinx (XLNX) and Industrieriese Intel (INTC) report this week.

Snap Stock

The Snapchat parent has the highest sums per loss, revenue, and revenue achieved by user levels. The Schnappaktie rose at the beginning of late, but could only gain about 2.5%. The stock closed 4% at 11.99, while Twitter's share increased its gain by nearly 16%. Snap stocks have been recovering from a long downtrend, but they do not yet have a suitable base or buy point.

IRobot Stock

IRobot's earnings outperformed, but sales declined. The shares of the Roomba manufacturer fell by 15%. The most recent IBD share of the day, the iRobot share had managed by 1.4% to 130.57, close to a base entry of 132.98.

EBay Stock

EBay earnings outperformed the outlook. Equities rebounded 4.85% after eBay's share price jumped 1.4% to 36.67. The e-commerce giant is working on a buy point of 39.24 points, either with a long cup with a handle or a short flat bottom. The strength of relative strength has been delayed, but a strong eBay stock-pick would bring the RS line to short-term highs.

Edwards Lifesciences Stock

Edwards Lifesciences earnings and sales beat. However, the shares of the medical device manufacturer lost 2.75% late. The stock of Edwards Lifesciences closed at 1.4% just below the 50-day mark. It's trying to recover after it went off with medication last week.

Boeing gains on track Dow Jones Futures

Dow Jones futures could be particularly volatile overnight. Boeing earnings early Wednesday morning results show that investors wanted to know how expensive the 737 Max fiasco will be. Boeing (BA) is the largest weight in the price-weighted Dow Jones Industrial Average. Many other big names report before the opening, with a tide after the close.

The current stock market rally could easily reach all-time highs with the Nasdaq just 0.15% below its high and the S & P 500 index at 0.25%. It would not come as a surprise, however, if the major stock indices hit resistance just above or above record levels.

Follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more

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