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Home / Business / Dow Jones Futures: Microsoft, Apple, Amazon Drive – Current Stock Market Rally; StoneCo, Tilray Up Late

Dow Jones Futures: Microsoft, Apple, Amazon Drive – Current Stock Market Rally; StoneCo, Tilray Up Late



Dow Jones futures rose slightly on late Monday along with S & P 500 futures and Nasdaq futures. At Monday's session, the major averages rose slightly, though Boeing's stock weighed on Dow Jones. The world's most valuable companies, Dow Tech giants Microsoft and Apple, continued to outperform. No. 3Amazon shares have made a buy point. Two IPO shares listed in late 2018 were reported late: StoneCo (STNE), a hot Brazilian payment game backed by Warren Buffett, and marijuana stocks Tilray (TLRY). The StoneCo share shot up after closing at a buy point in the air. Tilray shares rose modestly. Shares of HealthEquity fell.




Dow Jones Futures Today

Dow Jones futures, S & P 500 futures, and Nasdaq 100 futures rose 0.15% over their fair value. 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 posted modest gains on Monday after the strong upswing last week. Boeing (BA) fell 1.8%. Microsoft (MSFT) climbed 1.4% and Apple (AAPL) rose 1%, as the two most valuable companies continue to outperform the current stock market. Microsoft stock hit a new high, still in the range of 113.35. Apple approached the 200-day line.

Meanwhile Amazon.com (AMZN), which has the third highest market capitalization, cleared the buying point and rose 1.7% to 1,742.15. This has just cleared a buy point of 1,736.51 from a flat base within a larger consolidation. The Amazon share has also surpassed the 200-day mark. However, the volume was only 2% above normal and below the minimum of 40% to 50% that investors should look for. Also the relative strength of Amazon has been moving sideways for several months.

However, growth stocks had a muted day overall. The innovator IBD 50 ETF (FFTY) climbed by 0.2%.

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StoneCo Profit

The StoneCo profit increased to 27 cents from $ 137.6 million. Analysts were expecting a StoneCo profit of 13 cents and a turnover of 117 million US dollars.

The StoneCo share rose 20% to 41.44. Equities rose 6.4% to 34.60, just after a high-handle entry of 34.60. If StoneCo is above the 5 percent buy zone on Tuesday, investors could use the opening price as the entry point.

The StoneCo share rose to a record high of 34.50 on March 4, breaking a very low cup basis, but it soon stabilized

Several other payment holdings have broken out. On Monday Fidelity Information Services (FIS) admitted the purchase of Worldpay (WP) for $ 35 billion, continuing a wave of mergers among payment processors.

Tilray Earnings Report

Tilray's earnings reported a loss of 33 cents on sales of $ 15.5 million. Wall Street expected the Canadian marijuana maker to lose $ 15 per share in sales of $ 17 million. The Tilray share is the only pure IPO of marijuana on the US stock exchanges. Companies listed in America after their debut in Canada.

Tilray shares rose 2.4% to 74. Equities fell 0.4% to 72.24 and remained below the 50-day mark.

Tilray's shares peaked at 300 on September 19, peaking after being listed at $ 17 a share two months earlier. After a strong pullback, the Tilray share has moved sideways in recent months. So many rivals of marijuana have risen in the current stock market rally.

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