The Dow Jones Industrial Average fell 200 points Friday, as Apple stock sold off below a key level in today’s stock market. Four top growth stocks to buy and watch are Copart, Deckers, Revolve and ZoomInfo.
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Among the Dow Jones leaders, tech titan Apple (AAPL) sold off 1.4%, while Microsoft (MSFT) moved down 0.9% Friday. Nike (NKE) is tracing a new base, but is below a key technical level.
Tesla (TSLA) looked to snap a four-day win streak Friday, falling 0.8% in morning trade. The EV leader is just above a new entry. Among the top stocks to buy and watch, Copart (CPRT), Deckers (DECK), Revolve (RVLV) and ZoomInfo (ZI) are in or near new buy zones.
Deckers, Microsoft and Tesla are IBD Leaderboard stocks. Copart is an IBD SwingTrader stock and was Wednesday’s IBD Stock Of The Day. Revolve is an IBD IPO Leader. Nike was featured in this week’s Stocks Near A Buy Zone column. ZoomInfo was Tuesday’s IBD 50 Stocks To Watch pick.
Dow Jones Today
The Dow Jones Industrial Average moved down 0.65% Friday morning. The S&P 500 lost 0.9%, while the tech-heavy Nasdaq traded down 1.15% in morning trade.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 34618.26 | -133.06 | -0.38 |
| S&P 500 | (0S&P5) | 4446.91 | -26.84 | -0.60 |
| Nasdaq | (0NDQC ) | 15080.36 | -101.57 | -0.67 |
| Russell 2000 | (IWM) | 221.44 | -0.75 | -0.34 |
| IBD 50 | (FFTY) | 50.55 | -0.15 | -0.30 |
Last Update: 10:36 AM ET 9/17/2021 |
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Among exchange traded funds, the Innovator IBD 50 (FFTY) faded 0.15% Friday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) lost 0.7%. Meanwhile, the SPDR S&P 500 ETF (SPY) was down 0.5%.
Stock Market Rally Continues
The Nasdaq threatened to snap a two-day win streak with moderate losses Friday. The S&P 500 continues to hold above support at its key 50-day line, while the Dow Jones Industrial Average is falling further below its own 50-day line.
Thursday’s The Big Picture column commented, „With a still-modest amount of institutional selling, investors should remain confident in the current uptrend. Look for top stocks passing buy points in big volume with the expectation that the indexes continue to rebound. The stock market’s current action is normal, as discussed in Wednesday’s The Big Picture.“
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Dow Jones Stocks To Buy And Watch: Nike
Dow Jones leader Nike is tracing a flat base with a 174.48 buy point, according to IBD MarketSmith chart analysis. But shares are below their key 50-day moving average line. Retaking support at that critical level would be bullish for the stock’s immediate prospects. Shares were up 0.6% Friday.
Through Sept. 10, Nike was the No. 8 performer on the Dow Jones Industrial Average, advancing more than 15%. Goldman Sachs (GS) was the top Dow Jones stock with a year-to-date gain of 52% through Sept. 15.
Stocks To Buy And Watch: Copart, Deckers, Revolve, ZoomInfo
IBD SwingTrader stock Copart is breaking out past a 149.17 buy point in a flat base, according to IBD MarketSmith chart analysis. Shares declined about 1% in morning trade Friday. Copart featured as Wednesday’s IBD Stock Of The Day.
IBD Leaderboard stock Deckers is trying to move past a 444.58 entry in a flat base amid Friday’s 1.2% gain. Per Leaderboard commentary, the top retail stock has cleared a mini trendline entry near 433, providing an early buy point. Its relative strength line just hit a new high.
IPO Leader Revolve climbed almost 2% Friday, moving further up the right side of a new cup base. The entry is at 74.92. In addition, an early entry at resistance near 67.80 is also in play. The top IPO stock appears in this week’s IPO Leaders story.
Tuesday’s IBD 50 Stocks To Watch pick, ZoomInfo, is in the 5% buy zone past a 67.73 buy point in a flat base. The buy area tops out at 71.12. Shares lost 0.3% Friday even after Barclays upgraded the stock to overweight with a raised price target of $83.
According to IBD Stock Checkup, ZoomInfo stock boasts a 98 out of a perfect 99 IBD Composite Rating. The IBD Composite Rating identifies stocks with a blend of strong fundamental and technical characteristics.
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Tesla Stock
Tesla stock rose 0.3% Friday morning, on pace to extend a four-day win streak. Tesla is in buy range above an alternate entry at 730. In recent weeks, shares regained their 700.10 aggressive buy point deep inside a correction. Meanwhile, a deep, large base continues to take shape.
On Jan. 25, Tesla stock hit a record high 900.40, after climbing as much as 93% from a 466 buy point in a cup-with-handle.
Dow Jones Leaders: Apple, Microsoft
Among the top Dow Jones stocks, Apple moved down over 1% Friday, falling below key support at the 50-day line. Apple stock is just below a 148 trendline buy point.
Software giant Microsoft dropped 0.9% Friday, on pace to snap a four-day win streak. Shares are just below a three-weeks-tight add-on entry at 305.94.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.
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