Dow Jones Futures Rise: Stock Market Rally Enters Power Trend; These 4 EV Plays Flash Buy Signals | Investor’s Business Daily – Investor’s Business Daily

Dow Jones futures rose modestly Thursday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong session after inflation fell more than expected last month. The uptrend is now in a “power trend,” a bullish shift.


Lithium giants Albemarle (ALB) and Sociedad Quimica y Minera de Chile (SQM) cleared buy points on Wednesday, while Livent (LTHM) moved above an aggressive entry.

The Global X Lithium & Battery Tech ETF (LIT) moved above its 200-day moving average. ALB stock is the top LIT holding, along with SQM stock, Tesla (TSLA), China EV and battery giant BYD (BYDDF) and many Asian battery makers.

The lithium stocks and LIT ETFs are ways to play the rising demand for electric vehicles, without having to pick a specific EV maker.

Tesla Stock

As for Tesla, shares of the EV giant rose 3.9% to 883.07 Wednesday. After saying that Tesla stock was a “buying opportunity” on Aug. 4, CEO Elon Musk disclosed he sold $6.9 billion worth of shares on Aug. 5, 8 and 9. TSLA stock tumbled below the 200-day line in the span. Musk cited the possible Twitter (TWTR) takeover for the fresh sales. He said he’s finished with TSLA stock sales for now.

TWTR stock popped 3.7% to 44.43, continuing a strong uptrend over the past month. Legal experts see Twitter having a strong case in forcing Musk to close the deal at $54.20 a share.

Musk also tweeted Wednesday that the Tesla Semi will be released later this year with a 500-mile range. The Semi has been delayed by several years. Also, a report said BYD (BYDDF) would supply batteries to the Tesla Berlin factory, with Blade-powered Model Ys possibly rolling off the line this month. BYD said it has no comment.

BYD stock edged down 0.5% after hitting a two-month low intraday. Shares of the China EV and battery giant are modestly below a rising 50-day line.

Tesla Vs. BYD: Which EV Giant Is The Better Buy?

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