Dow Jones Futures Rise As Market Rally Gains Steam; Nvidia, Google Are Buys; Tesla Rivals Nio, Xpeng Report Sales

 Dow Jones Futures Rise As Market Rally Gains Steam; Nvidia, Google Are Buys; Tesla Rivals Nio, Xpeng Report Sales

Dow Jones futures rose modestly Tuesday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to strengthen last week, with more breakouts and buying opportunities picking up. But investors should step cautiously, ready to act in a still-tricky market.




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Goldman Sachs stock, Nvidia (NVDA), Google-parent Alphabet (GOOGL) and General Electric (GE) are all in buy range.

Nvidia stock and Google are on IBD Leaderboard. Goldman Sachs (GS) is on SwingTrader and the IBD 50.

Tesla EV Rivals Nio, Xpeng Report Sales

Nio (NIO) and Xpeng (XPEV) reported May delivery figures early Tuesday. Nio reported sales of 6,711, up 95% vs. a year earlier, but down 5.5% from 7,102 in April. Xpeng sales of 5,686 shot up 483% vs. a year before, rising 10% from 5,147 in April.

Li Auto (LI) and BYD Co. (BYDDF) will likely release May sales in the next couple of days. Can Nio and its China EV rivals grab share from Tesla

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