Dow Jones futures and S&P 500 futures rose modestly Sunday night, while Nasdaq futures edged lower. Bitcoin tumbled again Sunday but pared losses.
The stock market rally ended up with slim weekly gains or losses on the major indexes, but that belies the big daily and intraday swings and continued sector rotation.
Five Stocks To Watch
Here are five stocks to watch to help get a read on the market rally: Nvidia stock, Google parent Alphabet (GOOGL), Freeport-McMoRan (FCX), recent IPO Roblox (RBLX), and Tesla (TSLA).
Nvidia (NVDA) arguably is actionable now, breaking a downtrend Friday and in range from its 50-day line. However, Nvidia earnings are on tap Wednesday. That earnings report and NVDA stock’s reaction will be important for the broader semiconductor sector. Several chip stocks are on the edge of early entries, including equipment makers ASML (ASML) and Lam Research (LRCX).
Google stock is perhaps the best-looking big-cap tech right now. The megacap is in range from its 10-week line and breaking a short trend line. The relative strength line for GOOGL stock is near a record high as well. Facebook (FB) also is looking healthy.