The Dow Jones Industrial Average experienced a decline despite gains in e-commerce stocks like Shopify (SHOP) and Amazon.com (AMZN). Meanwhile, three Warren Buffett stocks are approaching potential entry points, and Tesla (TSLA) faced challenges amid a lawsuit against a Swedish government agency.
The Dow Jones slipped 0.2%, with notable moves in individual stocks. iRobot (IRBT) plummeted due to acquisition news, while Carpenter Technology (CRS), Roku (ROKU), and Skechers USA (SKX) attempted breakouts.
Nasdaq Performance: Growth Stocks Shine
The Nasdaq, though down 0.1%, saw standout performances from growth stocks. MercadoLibre (MELI), an IBD SwingTrader play, led with a 4.1% gain. However, the S&P 500 closed down 0.2%, with lithium stock Albemarle (ALB) struggling.
Dow Jones Today: Mixed Performances
The Dow Jones recorded a light slip of 0.2%, with 3M (MMM) leading gains and Walgreen Boots Alliance (WBA) lagging. Microsoft (MSFT) and Walmart (WMT) performed well, while Dow Inc. (DOW) and Walt Disney (DIS) faced declines.
Warren Buffett’s Top Picks Near Entry Points
Warren Buffett’s Berkshire Hathaway (BRKB) portfolio highlighted three stocks near potential entry points. Moody’s (MCO) showed strength just below an entry of 363.19, with solid fundamentals and positive institutional activity.
D.R. Horton (DHI), trading below a cup-with-handle entry of 130.79, benefits from the housing stock rally amid weakening Treasury yields. Visa (V) is in the buy zone above a cup-base entry of 250.06, boasting a strong EPS Rating of 92.
E-Commerce Boost: Shopify and Amazon Rise
E-commerce stocks received a boost on positive Black Friday data. Shopify (SHOP) surged 4.9%, extended from a 67.60 buy point. Amazon (AMZN) rallied 0.7% and remained in the buy zone above a 145.86 entry.
iRobot Stock Declines Amid EU Warning
iRobot stock faced a decline after the EU’s antitrust watchdog warned about potential competition restrictions in its acquisition deal with Amazon. The stock briefly halted trading, reversing below moving averages.
Tesla Lawsuit and Stock Movement
Tesla stock reversed higher after filing a lawsuit against the Swedish Transport Agency over labor issues. The company seeks the ability to collect license plates directly, facing challenges amid an ongoing labor feud.
Notable Breakouts: Carpenter Technology, Roku, Skechers USA
Several stocks exhibited interesting breakouts. Carpenter Technology entered a buy zone above a cup-with-handle entry of 71.30. Roku soared above a consolidation entry of 98.44, and Skechers USA cleared a cup-base entry of 56.53, though with lackluster volume.
