Rachel Fox and Justin Nielsen walk through Monday’s market action with key stocks to watch in Stock Market Today. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com<br>for information about our collection and use of personal data for<br>advertising.

Is This The Market Turn We Were Hoping For? Viking, PriceSmart, GE In Focus

Stock Market Today With IBD

Good afternoon, everyone. Welcome to Stock Market Today from Monday, August 3rd. It's your host, Rachel Fox here. And today we saw the major indexes burst higher with oil prices sliding after President Trump caught off new strikes, shifted back to more diplomatic efforts towards a ceasefire. Here to help me break down all you need to know about today's market action is IBD Head of Market Research, Justin Nielsen. Justin, what do you have on tap for us today?

Well, yeah, we'll definitely talk about the market because a very interesting reaction as opposed to last week. So we'll go through that. And then we'll also talk about a few stocks setting up. And interestingly, this is outside of the tech sector. So we'll go over Viking, one of the cruise line operators, PriceSmart in the retail and GE Aerospace. All right. Very good. We will get to those stocks. But before we do, I'm going to go ahead and take a quick look at the major indexes.

Just we saw the S&P 500 strengthen into the close up 1.6 percent. We saw the NASDAQ lead with a gain of roughly 2.1 percent. The Dow also rose up 1.4 percent. And we also saw the equal weighted S&P 500 index RSP up only 1 percent. But that has been quite strong as of late. So I'm going to go ahead, share my screen and we can get into some analysis here on these major indexes.

So just a little overview. We're seeing the S&P 500 continue to really pull further above the 50 day line here. It also got above this recent level of resistance today as well.

Is This The Market Turn We Were Hoping For? Viking, PriceSmart, GE In Focus

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Is This The Market Turn We Were Hoping For? Viking, PriceSmart, GE In Focus

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.