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Early Wednesday, Dow Jones futures jumped 400 points along with S&P 500 futures and Nasdaq futures following Tuesday’s up session fuelled by coronavirus vaccine optimism. Tuesday’s breakout stocks Alphabet and Apple headline these top five stocks in the coronavirus stock market rally, or near buy zones.
The rally on the stock market powered coronavirus vaccine news up on Tuesday. Apple (AAPL) leader FANG stock Alphabet (GOOGL) and Dow Jones broke out past new buy points Tuesday. Following the breakout last week, Intel (INTC) is in buy range, while top growth stocks Snap (SNAP) and Tesla (TSLA) are approaching new buy points.
Meanwhile, Keysight (KEYS) reported weak quarterly results after the stock market close Tuesday. In the after-hour session, shares of the electronic measuring equipment and systems maker dovetail more than 7 per cent to 96. Keysight stock ended in the 5 per cent buy zone on Tuesday, after a 102.33 entry in a handle cup.
Brazilian payment processor StoneCo (STNE) reported quarterly mixed results late Tuesday. Earnings were missed but estimates were topped by revenues. Volumes of the payments showed signs of rebounding activity. StoneCo stock rose 25 per cent ahead of the stock market open Wednesday to a share of 33.50. The stock is set to open at its highest level since March 13.
A notable holder, with 14.17 million shares, is Warren Buffett’s Berkshire Hathaway (BRKB). But with 31.91 million shares in total, T. Rowe Price Associates holds the most.