The Dow Jones Industrial Average rose as stocks rallied amid positive consumer data. Roger Federer shoe stock On Holding (ONON) exploded past a buy point after the firm served up strong earnings. Tesla (TSLA) gained as fellow EV stocks such as Rivian Automotive (RIVN) and Lucid Motors (LCID) charged higher.
A number of other stocks also rose past buy points, including Arteris (AIP), Hayward (HAYW) and Ulta Beauty (ULTA). However, crypto play Riot Blockchain (RIOT) was hammered after it posted a surprise quarterly loss, with a plummet in the value of Bitcoin adding to its woes.
Stocks were helped by encouraging consumer data. The Commerce Department revealed early Tuesday that October retail sales data had jumped a better-than-expected 1.7%. Economists had expected an increase of 1%. It was also up on September’s rise of 0.8%.
Nasdaq Gains As Tech Stocks Rally
The Nasdaq benefited from strength in tech stocks, rising 0.8%. This made it the top major index of the day. Peloton Interactive (PTON) made up some ground as it rose more than 15%.
The S&P 500 also rose, closing up about 0.4%. Qualcomm (QCOM) fared best here after it posted a gain of nearly 8%.
The S&P sectors closed mixed, with technology and consumer discretionary making the best gains. Consumer staples and real estate turned in the worst performances.
Small caps struggled, but the Russell 2000 managed to squeeze out a slight gain of 0.2%.
U.S. Stock Market Today Overview
Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 36144.13 +56.68 +0.16
S&P 500 (0S&P5) 4701.16 +18.36 +0.39
Nasdaq (0NDQC ) 15973.86 +120.01 +0.76
Russell 2000 (IWM) 238.98 +0.43 +0.18
IBD 50 (FFTY) 51.18 +0.87 +1.73
Last Update: 4:08 PM ET 11/16/2021
It was growth stock investors that gave the bears the harshest spanking. The Innovator IBD 50 ETF (FFTY) closed up about 1.7%.
Dow Jones Today: Home Depot Pops On Earnings
The Dow Jones Industrial Average closed with a gain of about 0.2%.
It closed in the green largely due to the excellent performance of Home Depot (HD), which popped on earnings.
It moved to a new high in heavy volume, rising 5.7%. HD stock is now near the top of its buy range past a three-weeks-tight pattern buy point of 375.25. It is actionable as high as 394.01.
The home improvement giant posted Q3 EPS of $3.92 a share, while revenue came in at $36.8 billion. That spanked analyst views for $3.41 EPS on revenue of $34.88 billion, according to FactSet data.
Boeing (BA) was the worst performer on the Dow Jones today. It closed down just over 3%, surrendering its 200-day moving average in the process.
Roger Federer Shoe Stock Explodes
On Holding, which is backed by tennis legend Roger Federer, rocketed higher after serving up strong earnings.
It closed the day up nearly 25%. At its session peak, the stock had risen by just over 27%. The new issue completed a cup-with-handle base with a 39.90 buy point last week.
The shoe play powered higher after earnings per share came in at 0.04 Swiss franc (4 cents). Revenue jumped 68% to 218.04 million Swiss francs ($235.20 million).
This was clear of estimates, with analysts expecting a loss of 0.11 franc for the latest quarter, according to FactSet.
The company also guided higher for 2021 and 2022 revenue.
On was featured as a potential options play in Monday’s IBD Stock Of The Day
This strategy was used by the IBD Leaderboard, which switched from a quarter position in ONON stock to an earnings option equivalent of a half position.
Leylah Fernandez: Fans chanting my name at Indian Wells Masters felt surreal
US Open runner-up Leylah Fernandez admitted that hearing fans chant her name at the Indian Wells Masters felt “surreal.” On Friday, Fernandez played her first match since her outstanding US Open campaign and fans in the stands chanted her name.
Fernandez, who is now enjoying a career-high ranking of No. 28 in the world, saw off Alize Cornet 6-2 6-3 to progress into the Indian Wells third round. “It’s surreal. You dream of that happening, but you don’t expect that to happen …
I got goosebumps. Like, even now, my Heart suit is beating so fast … I was so happy,” Fernandez said, per Mark Masters. Fernandez was asked on what did she work after the US Open. “Everything (laughs) … We always try to look for that extra inch, extra millimetre to be better …
We worked on everything,” Fernandez claimed.
Fernandez was thrilled to meet Maria Sharapova
“I was lucky enough to to meet Maria Sharapova at the Met (Gala). We kind of chatted a little bit and she gave me some pretty good advice.
She told me her own experience and the way that she was able to bounce back,” Fernandez revealed. Meanwhile, 2020 French Open champion Iga Swiatek shared advice for Fernandez and US Open champion Emma Raducanu. “Well I would say balancing all the things you have to do on-court and all the things that [you’ve] been doing for the past years with all that new stuff,” Swiatek explained.
“Because it can overwhelm [you] at the beginning. It was good for me that Roland Garros was the last tournament of the season. I know that [Fernandez and Raducanu] probably have one or two more. “Then they’re going to have a break and they’re going to have time to reflect on [their success].
“Also having the people around you who won’t be pushing you to do more because of public relations or publicity. Just you know maybe staying calm a little bit and waiting for how you will react to all of that.”
Maria Sharapova Beautiful and Sexy on a Magazine! (PHOTOS INSIDE)
Martina Hingis Used Me! Says Ex Husband to Le Journal du Dimanche
Martina Hingis is happily back to tennis life. After leaving the circuit, she got back to living it. Just in doubles though, and some random single’s appearances in Fed Cup, just to show that despite the years and rust, she still is one of the greatest talents ever witnessed in women’s tennis.
As great as she is on court, Martina over the years has draw attention on her personal life far more than she ought to, with troubled relationships. Now, her former marriage is back on the news, with Martina’s ex husband Thibault Hutin taking on French Le Journal du Dimanche, to reveal that first of all the couple is legally still bonded and secondly that Swiss champion has used him over the years they have been together.
Hingis and Hutin got married in 2010, and while according to the media the Swiss is divorced, legally it appears the couple is yet to tear apart. In 2013 Thibault sued Martina for harassment. Their divorce is yet to be made official, and that hurts Hutin, as reported by JDC.
“My life is trash. I mistakenly left riding to preserve our marriage. I left my passion, there is nothing left. Without my family, I wouldn’t be able to pay my rent” confessed Thibault. When the couple met, Martina had just gotten back from a two-year suspension for cocaine abuse, thus she was quite fragile and not well seen by the media.
“Martina asked me to do interviews with her. Someone told me about her problems briefly, I didn’t know anything about it. Back than things were still tense. She wasn’t allowed to go to tournaments. She needed to rebuild an image.
The marriage with a good Frenchman was perfect at that time. She used me. Thinking about it now it seems obvious”. After more trouble, that including a surprising visit from Hutin to Hingis in New York that didn’t go well, the two separated in 2013.