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IBD Screen Of The Day: Dow Jones Stock Apple Leads These 4 Top Names To Watch

Investors looking for stocks to buy and watch should check out the IBD Screen Of The Day, a column that focuses on a list of top ideas in the IBD Stock Screener. Today’s IBD screen highlights the CAN SLIM Select screen, featuring Dow Jones leader Apple (AAPL).




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FAANG stock Facebook (FB), Ally Financial (ALLY) and LPL Financial (LPLA) also make the cut.

Stocks To Buy And Watch: Apple

Dow Jones leader Apple moved down 1% Tuesday, falling from Monday’s all-time high of 153.49. Apple shares are in buy range above a 148 trendline buy point. The 5% buy range tops out at 155.40.

According to the IBD Stock Checkup, Apple stock shows a strong 97 out of a best-possible 99 IBD Composite Rating.

The Composite Rating — an easy way to identify top growth stocks — is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.

Apple is an IBD Leaderboard stock. Leaderboard upped its exposure to the Dow Jones tech titan during Monday’s 3% advance.

Facebook Breaks Out

Among other stocks to buy and watch, social media giant Facebook is trading just above a 377.65 buy point in a flat base, according to IBD MarketSmith chart analysis.

Facebook stock dipped 0.2% midday Tuesday but remains above the entry. The 5% buy areas runs up to 396.53.

The FANG stock leader is an IBD Sector Leader. Earlier this year, the company’s market cap surged past the $1 trillion mark. Its platforms include the likes of Facebook, Instagram, Messenger and WhatsApp.

Outside Dow Jones: 2 Financial Leaders Near Buy Points

Among other key stocks to buy and watch, Ally Financial and LPL Financial are approaching new buy points amid today’s stock market action.

Ally is nearing a 54.92 buy point in a cup with handle. Shares rallied nearly 2% Tuesday midday. The Detroit-based company is among the country’s largest providers of auto financing options.

A key flaw is the stock’s lagging RS line. It remains far from its old highs. The relative strength line measures a stock’s price performance vs. the S&P 500 and is the blue line on every IBD daily and weekly chart.

LPL stock is moving up the right side of a cup base. For now, the new entry is 159.84. LPL’s base also features the look of a saucer. With a 20% correction within the pattern, it’s too deep to be a proper flat base.

Be on the lookout for a potential handle to offer a more risk-optimal entry. The stock moved up 0.6% Tuesday midday. LPL Financial provides brokerage and investment advisory services to financial advisors.

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