Dow Jones futures rose modestly Monday morning, along with S&P 500 futures and Nasdaq futures, as the stock market rally eyes a positive open to the new year. Tesla stock and Chinese EV makers Nio, Li Auto and Xpeng are rallying after reporting strong sales over the weekend.
On Saturday, Tesla (TSLA) reported fourth-quarter deliveries and production figures, with deliveries nearly hitting the 500,000 full-year target. China EV maker startup Li Auto (LI) announced booming December sales. On Sunday, China EV makers Nio (NIO) and Xpeng (XPEV) reported fast-rising December deliveries. BYD Co. (BYDDF) also should report December figures in the next few days.
Tesla and Nio stock were two of 2020’s biggest winners, with Xpeng, Li Auto and BYD also delivering triple-digit gains.
Meanwhile, Bitcoin prices blasted through milestones on Saturday and Sunday before erasing most of those gains. That’s after Bitcoin skyrocketed in 2020.
The stock market rally had modest gains last week, capping a strong 2020, especially for tech and growth stocks. After such a surprising and often-powerful stock market rally in 2020, what are the lessons for 2021? There are several, but investors should always remember this: The stock market is going to do what the stock market is going to do.
25 Stocks In Buy Range Now
Here are 25 quality stocks that are flashing buy signals, either from traditional breakouts, early entries, or bullish rebounds from key levels. Some have better-looking charts and fundamentals than others. But they offer an ideas at the breadth of stocks and sectors that are actionable heading into 2021. Several of these sectors have numerous other stocks that are setting up for possible buying opportunities.
EV Stocks: Nio stock and BYD.
Tesla stock is on IBD Leaderboard, along with Taiwan Semiconductor, AMD and Chipotle. Chipotle stock, Five Below and Freeport McMoRan are on SwingTrader. Idexx Labs, Epam Systems, Pool Corp., MSCI and Mastercard are on IBD Long-Term Leaders, while MPWR stock and Chegg are on the watchlist. AMD stock, Monolithic Power, Chegg, Taiwan Semi and Pool are on the IBD 50.
Dow Jones Futures Today
Dow Jones futures rose 0.4% vs. fair value. S&P 500 futures climbed 0.45%. Nasdaq 100 futures advanced 0.5%.
On Saturday, the Bitcoin…