Dow Jones Futures Fall: 7 Top Stocks To Buy And Watch In Today’s

Dow Jones futures dropped 130 points following Monday’s stock market fall. Despite Monday’s slight losses, the market uptrend has been strengthening. And seven top stocks to buy and watch include Dow Jones energy giant Chevron (CVX) and IBD Leaderboard stock Quanta Services (PWR).

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Arista Networks (ANET), CF Industries (CF), Devon Energy (DVN), Diamondback Energy (FANG) and Mosaic (MOS) were key earnings reports after the close Monday.

ANET shares jumped 6% in extended trade on strong Q2 results. CF stock dropped more than 1%. Devon shares inched lower. Diamondback slipped less than 1%. And Mosaic was down nearly 3%.

Meanwhile, Dow Jones stock Caterpillar (CAT), along with Incyte (INCY) and Uber Technologies (UBER), will report ahead of Tuesday’s open.

Stock Market Today

On Monday, the Dow Jones Industrial Average fell 0.1%, and the S&P 500 moved down 0.3%. The tech-heavy Nasdaq composite declined 0.2%, ending a three-day win streak.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) dropped 0.1%, and the SPDR S&P 500 ETF (SPY) fell 0.3%.

Tesla (TSLA) slashed gains to less than 0.1% Monday. Among Dow Jones leaders, Apple (AAPL) and Microsoft (MSFT) lost 0.6% and 1%, respectively, in today’s stock market.

In the strengthening stock market environment, Dow Jones stocks Chevron and UnitedHealth (UNH) — as well as Cheniere Energy (LNG), Exxon Mobil (XOM), Quanta Services, Ulta Beauty (ULTA) and Vertex Pharmaceuticals (VRTX) — are among the top stocks to buy and watch.

Quanta, UnitedHealth and Vertex are IBD Leaderboard stocks. Chevron and Exxon were featured in this week’s Stocks Near A Buy Zone column.

Dow Jones Futures Today: Treasury Yields, Oil Prices

After Monday’s close, Dow Jones futures lost 0.4% vs. fair value, while S&P 500 futures fell 0.5%. Nasdaq 100 futures were down 0.5% vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

The 10-year Treasury yield ticked lower Monday, closing at 2.6% and falling for a fifth straight session. The 10-year yield is at its lowest level since early April. Meanwhile, U.S. oil prices tumbled around 5%, with West Texas Intermediate futures trading below $94 per barrel.

What To Do In The Current Stock Market Rally

Last week, IBD upgraded its market outlook from “uptrend under pressure” to “confirmed uptrend” due to improving stock market conditions.

Investors have the green light to boost their exposure to stocks, focusing on those breaking out past correct buy points. Gradually commit capital to leading stocks. Still, it’s not time…