“Unfortunately we have detected a new variant which is a reason for concern in South Africa,” virologist Tulio de Oliveira told a hastily-called news conference.
Dow Jones Futures: Stock Market Surges As Biden Rules Out Lockdowns; 4 EV Stocks Race Higher
Dow Jones futures were higher late Monday. The stock market bounced after Friday’s omicron Covid-19 sell-off, as President Joe Biden ruled out new lockdowns. Electric-vehicle stocks Li Auto, Lucid Motors, Rivian and Tesla raced higher Monday.
On Monday, the Dow Jones Industrial Average moved up 0.7%. The S&P 500 rose 1.3%, while the Nasdaq led the way, rising 1.9%. Crude oil prices rose over 2%. Bitcoin surged 7%. And the 10-year Treasury yield climbed to 1.53%.
Among the Dow Jones leaders, Apple () traded up 2.2%, while Microsoft ( ) moved up 2.1% in today’s stock market. Nike ( ) remains below a recent buy point despite a 1.1% gain Monday.
Electric-vehicle leader Tesla () rallied 5.1% Monday. EV peer Rivian ( ) surged nearly 7%, while Lucid Motors ( ) gained 6.5%. Chinese EV leader Li Auto ( ) bolted higher after delivering earnings, while Xpeng Motors ( ) edged higher.
Among the top stocks to buy and watch, Nucor (), Pioneer Natural Resources ( ), Pfizer ( ) and Zim Integrated Shipping ( ) are near new buy zones.
Microsoft, Nucor and Tesla are IBD Leaderboard stocks. Apple was featured in this week’s Stocks Near A Buy Zone story. And Zim was spotlighted in last week’s IPO Leaders story.
Dow Jones Futures Today: Biden Comments On Omicron; Powell, Yellen On Deck
After the stock market close Monday, Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were up 0.2% vs. fair value. Remember that trading in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Among exchange traded funds, Innovator IBD 50 () moved up 1.6% Monday. Nasdaq 100 tracker Invesco QQQ Trust ( ) gained 2.2%. And the SPDR S&P 500 ETF ( ) ascended 1.2%.
U.S. Stock Market Today Overview
Last Update: 4:38 PM ET 11/29/2021
Midday Monday, President Biden said in a news conference that he doesn’t expect the U.S. to impose additional travel restrictions to slow the spread of the omicron variant. “The degree of the spread impacts on whether or not there’s a need for any travel restrictions. But I don’t anticipate that at this point,” Biden said. He added that lockdowns are off the table “for now.”
Early Tuesday, Treasury Secretary Janet Yellen and Federal Reserve chief Jerome Powell will testify before a Senate Committee in a hearing titled,
Stock Market ETF Strategy And How To Invest
Stock Market Rally
The stock market snapped back from Friday’s sell-off, as the major stock indexes closed with sharp gains Monday.
On Friday, The Big Picture commented: “Following news over the Thanksgiving holiday that scientists are monitoring a new, fast-mutating variation of the coronavirus emerging from South Africa, stocks of all stripes gapped down at the open Friday. Judging by the half-day session’s close, the stock market expressed more caution than confidence in the short term.”
For daily stock market commentary, be sure to check out IBD’s The Big Picture.
Five Best Dow Jones Stocks To Watch Now
Dow Jones Stocks To Buy And Watch: Apple, Nike
Apple rebounded from Friday’s 3.2% loss, rallying 2.2% Monday. Shares are at the top of the buy range above a 153.27 buy point out of a cup-with-handle base, according to IBD MarketSmith chart analysis. The 5% buy zone tops out at 160.93.
Retail leader Nike is about 2% below its cup base’s 174.48 buy point after Monday’s 1.1% gain.
Dow Jones Earnings: Salesforce
Dow Jones software leader Salesforce () bullishly regained its 50-day benchmark during Monday’s 4.4% climb. Shares remain extended past a 275.32 buy point in a cup with handle despite their recent pullback.
Late Tuesday, Salesforce earnings per share are expected to fall 89% to 92 cents from a year ago. Salesforce revenue is expected to climb 25% to $6.8 billion
Stock Market Earnings: Ambarella, NetApp, Zscaler
Ambarella (), NetApp ( ) and Zscaler ( ) will report their quarterly earnings results after the close Tuesday.
Chip designer Ambarella is expected to earn 49 cents per share on sales of $90.3, representing year-over-year increases of 444% and 61%, respectively. The stock found much-needed support at its 50-day line Monday.
NetApp’s earnings are expected to grow 15% to $1.21 per share year over year on revenue of $1.55 billion. NTAP shares are tracing a flat base with a 94.79 buy point. Shares are trading back above their key 50-day moving average after Monday’s 3.6% rise.
Cybersecurity leader Zscaler is expected to earn 12 cents per share on sales of $212 million. Shares closed Monday just 5% off their 52-week high following Monday’s 5.65% advance.
Stocks To Buy And Watch: Nucor, Pioneer, Pfizer, Zim
IBD Leaderboard stock Nucor has been trying to break out past a 119.42 buy point out of a cup-with-handle base, but is sharply below the entry after Monday’s 1.7% decline. Shares are about 6% below the latest entry.
Drug giant Pfizer is on the cusp of being extended past a 51.96 buy point in a cup base following a strong breakout on Friday in the wake of the newly discovered omicron variant. Shares reversed 3% lower Monday but are still above the buy point. The 5% buy zone tops out at 54.56.
Pfizer was Friday’s IBD Stock Of The Day. On Friday, vaccine partner BioNTech () said it will take two weeks to determine whether its vaccine will be able to contend with the new variant.
Tuesday’s IBD Stock Of The Day, Pioneer Natural Resources, continues to build a flat base with a 196.74 buy point amid Monday’s 2.6% gain.
IPO Leader Zim Integrated is building a cup-with-handle base with a 60.19 buy point, according to IBD MarketSmith chart analysis. The stock advanced more than 8% Monday and is nearing the new entry.
EV Stocks: Li Auto, Xpeng, Lucid Motors, Rivian
Li Auto is trying to break out past a cup-with-handle base’s 34.93 buy point. The stock surged as much as 11.1% Monday before paring gains to 6.4% after the company reported quarterly earnings results ahead of the market open. Shares closed just below the entry.
The Tesla rival said it lost 6 cents a share adjusted, missing analyst targets. But revenue shot up 210% in local currency to $1.21 billion, beating the Street’s estimates. Li Auto delivered 25,116 vehicles in the third quarter. The company said fourth-quarter revenue should jump 113%-127% in local currency to $1.37 billion-$1.46 billion.
Xpeng Motors is extended past its 48.08 buy point in a choppy cup base following last week’s sharp gains. XPEV shares rose 0.5% Monday.
Lucid Motors shares traded up 6.5% Monday, more than recovering from Friday’s 1.6% decline. LCID stock remains far extended past a 28.49 buy point in a cup-with-handle base.
Hot initial public offering Rivian rose 6.8% Monday, snapping a two-day losing streak and rebounding from Friday’s 2.4% loss.
RIVN shares closed Monday about 33% off their post-IPO highs. The decline is a potential positive for investors remaining disciplined and waiting for an IPO base to form before considering a purchase. The recent weakness is the start of Rivian’s first base formation, but the last two weeks of price action weren’t very constructive given the sharp losses.
Tesla stock rallied over 5% Monday, recovering from Friday’s 3.05% skid. Shares traded as high as 1,243.49 on Nov. 4, but the stock ended Monday about 9% off its 52-week high.
TSLA shares remain sharply above a 764.55 buy point in a cup with handle, as well as earlier entries at 700.10 and 730. The chart also showed an alternate entry at 900.50.
Dow Jones Leaders: Apple, Microsoft
Among the top Dow Jones stocks, software giant Microsoft moved up 2.1% Monday, nearly erasing the entirety of Friday’s 2.4% decline.
On Oct. 18, Microsoft stock broke out past a flat base’s 305.94 buy point. The 5% buy zone topped out at 321.24, so the stock is extended.
Be sure to follow Scott Lehtonen on Twitter atfor more on growth stocks and the Dow Jones Industrial Average.
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Covid: as rules on mask wearing in England return, what exactly is the law? | Coronavirus
As part of targeted measures to prevent the spread of the new Covid-19 variant Omicron, from 4am on 30 November, people in England will be required by law to wear a face covering in certain places.
The measure will be introduced as a precaution while more information is gathered and assessed on the variant’s transmissibility and any possible effect on Covid-19 vaccines, Downing Street said.
Face coverings are compulsory in shops and settings such as banks, post offices and hairdressers, as well as on public transport, unless individuals are exempt. Hospitality settings are excluded from the rules, except takeaways that do not offer consumption of food or drinks on the premises.
Boris Johnson said: “The measures taking effect today are proportionate and responsible, and will buy us time in the face of this new variant. Based on everything we know, our vaccines and boosters remain our best line of defence, so it is more important than ever that people come forward when eligible to get boosted.
“Not only will today’s steps help us slow down the variant’s spread, but they will help us protect each other and the gains we have all worked so hard for.”
The measures will be reviewed in three weeks.
Where you will have to wear a face covering
The new rule applies to:
All public transport, including taxis and private hire vehicles, and transport hubs (airports, rail and tram stations and terminals.
maritime ports and terminals, bus and coach stations and terminals)
Shops and supermarkets and generally places that offer goods or services for retail sale or hire, enclosed shopping centres and indoor markets.
Takeaways without space for consumption of food or drink on the premises.
Premises providing personal care and beauty treatments such as hair salons, barbers, nail salons, massage centres, tattoo and piercing studios.
Auction houses and retail galleries.
Banks, building societies, high-street solicitors and accountants, credit unions, short-term loan providers, savings clubs and money service businesses.
Estate and lettings agents and retail travel agents.
Masks must also be worn during driving lessons and driving tests.
Where you don’t have to wear a face covering
All hospitality venues are exempt, including pubs, restaurants, cafes and canteens, bars, restaurants and bars in hotels or members’ clubs, and shisha bars.
Also exempt are photography studios, as well as premises – other than registered pharmacies – providing medical or dental services, audiology services, chiropody, chiropractic, osteopathic, optometry or other medical services including services relating to mental health.
What are the punishments for non-compliance?
People who are not wearing a face covering where they have to can be fined in form of a fixed penalty notice and ordered to pay £200, rising to £400 for the second such offence, and to £800 for the third, up to a maximum of £6,400 in the case of a sixth and subsequent fixed penalty notices.
Who will police this new law?
The new requirement to wear a face covering in certain places can be enforced by a constable, a police community support officer, a TfL officer, staff of public transport operators, or any person designated by the secretary of state for the purposes of this regulation.
These people can direct a person to wear a face covering or direct that person to leave the relevant place and, where a person does not comply with a direction given to them by a constable, the constable may remove them from the relevant place.
Proceedings for an offence under these new regulations may be brought by the Crown Prosecution Service, Transport for London or any other person designated by the secretary of state for the purposes of this regulation.
All contacts of suspected Omicron cases must self-isolate, regardless
of their age or vaccination status. They will be contacted by NHS test and trace, Downing Street said.
The face mask mandate will expire at the end of 20 December 2021.
Who’s in the ‘Selling the OC’ Cast? Here’s What We Know
It doesn’t appear that any of the women from Selling Sunset will be migrating over to Selling the OC. Fans will likely be introduced to a brand new batch of real estate agents who know what they’re doing on the beachside.
We can still expect to see the familiar faces of Chrishell Stause, Christine Quinn, and Mary Fitzgerald in the upcoming fifth season of Selling Sunset.
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