Dow Jones Futures: Market Still At Highs, Bitcoin Falls From $100K; When To Sell 'Heat' Stocks

Blockhead12-06

Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures with the November jobs report on tap. DocuSign (DOCU), GitLab (GTLB) and Samsara (IOT) were among the notable ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2489425449?lang=en_US&edition=fundamental","thumbnail":"https://www.investors.com/wp-content/uploads/2023/08/Stock-rocketpandoraboxAI-01-adobe-150x150.jpg","is_english":true,"pubTime":"2024-12-06 08:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2489425449","market":"sg","top_or_hot":-1,"title":"Dow Jones Futures: Market Still At Highs, Bitcoin Falls From $100K; When To Sell 'Heat' Stocks","media":"Blockhead","content":"<div>\n<p>Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures with the November jobs report on tap. DocuSign (DOCU), GitLab (GTLB) and Samsara (IOT) were among the notable ...</p>\n\n<a href=\"https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-at-highs-bitcoin-100k-jobs-report/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Jones Futures: Market Still At Highs, Bitcoin Falls From $100K; When To Sell 'Heat' Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow Jones Futures: Market Still At Highs, Bitcoin Falls From $100K; When To Sell 'Heat' Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-06 08:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-at-highs-bitcoin-100k-jobs-report/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures with the November jobs report on tap. DocuSign (DOCU), GitLab (GTLB) and Samsara (IOT) were among the notable ...</p>\n\n<a href=\"https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-at-highs-bitcoin-100k-jobs-report/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKG","symbol_name":"ARK Genomic Revolution ETF","start_time":0,"source_url":"https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-at-highs-bitcoin-100k-jobs-report/","article_id":"2489425449","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2023/08/Stock-rocketpandoraboxAI-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489425449","pubTimestamp":1733444695,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"The indexes fell Thursday but are still near highs. Bitcoin couldn't hold above $100,000. When should investors sell \"heat\" stocks?","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","XLI":"工业指数ETF-SPDR","IOT.AU":"IOT Group","09439":"嘉实比特币-U","IOT":"Samsara, Inc.","09008":"博时比特币-U","VOO":"Vanguard标普500ETF","IBN":"印度工业信贷投资银行","MSFT":"微软","RBRK":"Rubrik Inc.","HPE":"慧与科技","FDN":"First Trust Dow Jones Internet I","XHB":"房屋建筑商指数ETF-SPDR","XLV":"健康照护类股ETF-SPDR","GTLB":"GitLab, Inc.","IGV":"北美软件ETF-iShares","VSCO":"维多利亚的秘密","TW":"Tradeweb Markets Inc.","CFLT":"Confluent, Inc.","03008":"博时比特币","FFTY":"Innovator IBD 50 ETF","03439":"嘉实比特币","SMH":"半导体指数ETF-HOLDRs","MSTR":"MicroStrategy","09042":"华夏比特币-U","JETS":"U.S. Global Jets ETF","BLK.AU":"Blackham Resources Ltd","LUV":"西南航空","DOCU":"Docusign","XME":"金属与采矿指数ETF-SPDR","SPY":"标普500ETF","TSLA":"特斯拉","ULTA":"Ulta美容","BLK":"贝莱德","03042":"华夏比特币","VEEV":"Veeva Systems Inc.","COIN":"Coinbase Global, Inc.","XLE":"SPDR能源指数ETF","XLF":"金融ETF","AAL.AU":"Alfabs Australia Ltd","MSTR.AU":"MORNINGSTAR INTL SHARES ACT","ASAN":"阿莎娜"},"translate_title":"道琼斯期货：市场仍处于高位，比特币从10万美元下跌；何时出售“热门”股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"03008":1,"IOT":1,"IOT.AU":1,"JETS":1,"LUV":1,"MSFT":1,"MSTR":1,"MSTR.AU":1,"RBRK":1,"SMH":1,"IGV":1,"TW":1,"ULTA":1,"VEEV":1,"VSCO":1,"XHB":1,"XLE":1,"XLF":1,"XLI":1,"XLV":1,"XME":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"AAL.AU":1,"ARKG":1,"ASAN":1,"BLK":1,"BLK.AU":1,"IBN":1,"CFLT":1,"COIN":1,"DOCU":1,"FFTY":1,"GTLB":1,"HPE":1,"FDN":0.9,"NQmain":0.9,"SPY":0.72,"VOO":0.72},"content_text":"Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures with the November jobs report on tap. DocuSign (DOCU), GitLab (GTLB) and Samsara (IOT) were among the notable earnings reports Thursday night.\nThe stock market rally saw modest losses Thursday after the S&P 500 and Nasdaq hit fresh all-time highs intraday. Small caps extended a pullback.\nBitcoin topped $100,000 for the first time, but couldn't hold that level. It kept falling in late trading. Many crypto plays erased intraday gains, including MicroStrategy (MSTR) and Coinbase Global (COIN)\n\n\n\n↑\nX\n\n\n\n\nSmall Caps Lag As Nasdaq Holds Near Highs: Fiserv, Veracyte, Heico In Focus\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nSmall Caps Lag As Nasdaq Holds Near Highs: Fiserv, Veracyte, Heico In Focus\n\n\n\n\nMicrosoft (MSFT) cleared short-term highs, offering fresh early entries. Tradeweb Markets (TW), BlackRock (BLK), Confluent (CFLT) and Icici Bank (IBN) were among stocks flashing buy signals.\nTesla (TSLA) moved above a trading range to a new two-year high.\nA number of highly extended stocks became more so. Investors need a game plan for handling these \"heat\" stocks.\nTesla stock is on the IBD Leaderboard watchlist. Samsara stock is on the IBD 50. Microsoft stock is on IBD Long-Term Leaders. BlackRock was Thursday's IBD Stock Of The Day. Confluent stock was Wednesday's pick.\nDow Jones Futures Today\nDow Jones futures edged lower vs. fair value. S&P 500 futures lost 0.1% and Nasdaq 100 futures fell 0.1%.\nRemember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.\nBitcoin\nBitcoin rose 0.2% to $99,137.34 as of 4 p.m. ET vs. 24 hours earlier. But the cryptocurrency came off early Thursday highs of $103,900 after topping the $100,000 level for the first time Wednesday night.\nIt didn't stop there. Bitcoin slumped Thursday night to just above $97,000 after briefly spiking down to $92,111.\nMicroStrategy stock, which jumped to 444.94 soon after the open, reversed to close down 4.8% to 386.40. MSTR stock is off 0.3% for the week but up nearly 513% so far in 2024.\nCoinbase stock backed off a record high of 349.49 to finish down 3.1% to 320.57. But COIN stock is up 8.2% for the week and 84% in 2024.\nJobs Report\nThe Labor Department will report the November jobs report at 8:30 a.m. ET. Economists expect nonfarm payrolls to rise by 200,000 after job growth cooled to just 12,000 in October due to hurricanes and strikes. That included a loss of 28,000 private jobs. The jobless rate should tick up to 4.2%, while the annual gain in average hourly earnings should edge down to 3.9%.\nEarnings\nSoftware makers DocuSign, GitLab, Samsara, Veeva Systems (VEEV), UiPath (PATH), Microsoft-backed cybersecurity IPO Rubrik (RBRK) and Asana (ASAN) reported Thursday night, along with Hewlett Packard Enterprise (HPE) and retailers Lululemon Athletica (LULU), Victoria's Secret (VSCO) and Ulta Beauty (ULTA).\nRubrik, Asana, DocuSign, Ulta Beauty, Lululemon and GitLab stock were big winners overnight, with Veeva up as well.\nSamsara stock plunged and UiPath tumbled.\nHPE and Victoria's Secret wavered around break-even.\nHP Enterprise had moved into a buy zone Thursday on an analyst upgrade just before earnings. Veeva stock also closed in a buy zone.\nGitLab closed modestly below a buy point. PATH stock was slightly extended from a bottoming base, but hitting resistance at the 200-day line.\nThe other stocks were either extended from buy zones or lagging for months.\n\nJoin IBD experts as they analyze leading stocks and the market on IBD Live\n\nStock Market Rally\nThe stock market rally faded into the close Thursday, but near record highs.\nThe Dow Jones Industrial Average declined 0.55% in Thursday's stock market trading. The S&P 500 index and Nasdaq composite retreated 0.2%. The small-cap Russell 2000 fell 1.25%.\n\nLeading stocks are generally faring well, with speculative stocks really coming on. Airline stocks jumped on bullish guidance from American Airlines (AAL) and Southwest Airlines (LUV)\nHowever, after several big earnings winners on Wednesday, several software plays tumbled on results Thursday. Homebuilders continue to struggle, even with Treasury yields holding at their lowest levels in weeks.\nU.S. crude oil prices fell 0.35% to $68.30 a barrel.\nThe 10-year Treasury yield was flat at 4.18%, again backing off morning highs.\nETFs\nAmong growth ETFs, the Innovator IBD 50 ETF (FFTY) dipped 0.2%. The iShares Expanded Tech-Software Sector ETF (IGV) gave up 1.2%. Microsoft stock is a big component, with Samsara, GitLab, UiPath, Asana and DocuSign stock also in IGV. The VanEck Vectors Semiconductor ETF (SMH) sank 1.7%, with Nvidia the dominant holding.\nARK Innovation ETF (ARKK) declined 0.7% and ARK Genomics ETF (ARKG) slumped 3.6%. Tesla stock remains a major component across Ark Invest's ETFs. Cathie Wood also has built up a sizable stake in NVDA stock.\nSPDR S&P Metals & Mining ETF (XME) shed 0.7%. U.S. Global Jets ETF (JETS) ascended 3.1%, with American Airlines and Southwest both big components. SPDR S&P Homebuilders ETF (XHB) stepped down 1.5%. The Energy Select SPDR ETF (XLE) rose 0.4%.\nThe Health Care Select Sector SPDR Fund (XLV) fell 1.1% and the Industrial Select Sector SPDR Fund (XLI) lost 1.2%. The Financial Select SPDR ETF (XLF) climbed 0.3%.\n\nTime The Market With IBD's ETF Market Strategy\n\nTesla Stock\nTesla stock popped 3.2% to 369.49 on Thursday, clearing a recent range to hit a fresh two-year high. That could have offered an add-on entry for existing TSLA holders, but shares are significantly extended from key moving averages.\nOn Thursday, Bank of America raised its TSLA price target to 400 from 350 in a highly bullish note. BofA is fully expecting Tesla robotaxis and the Optimus robot in the near future.\n\nThese Big-Box Giants Roar As They Create Amazon-Like Businesses\n\nWhat To Do Now\nThe market rally had a relatively quiet day at or around record highs.\n\"Heat\" has definitely been working, with more speculative names running especially hot.\nIf you own greatly extended stocks, a key question is when to sell.\nWhen stocks are more than 20%-30% above their 10-day moving averages, 100% over their 50-day lines or 200% above the 200-day, it may be prudent to bank some profits.\nA lot will depend on your conviction in the stock and your investing style. Some people are looking to hold for the big run, while others want to cash in. If you're going for home runs, you have to accept major drawdowns, with the risk that you'll eventually cut bait after giving up much of your gains.\nIt doesn't have to be an all-or-nothing. Investors can take partial profits on the way up. That can give you the confidence to hold the remaining core position — and to be more willing to sell the remainder if the stock breaks hard.\nOn the way down, investors can take profits on a major point loss or drop through the 10-day line, with other lines in the sand to draw you out.\nThe key is to find a strategy that works for you. So have an exit strategy for those winners.\nRead The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.\nPlease follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.\nYOU MAY ALSO LIKE:\nWhy This IBD Tool Simplifies The Search For Top Stocks\nCatch The Next Big Winning Stock With MarketSurge\nBest Growth Stocks To Buy And Watch\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nHow To Invest: Rules For When To Buy And Sell Stocks In Bull And Bear Markets","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489425449"}