DD stock chart

Stock Market Today: Dupont Stock DD Trades Lower – Buy?

DuPont (NYSE: DD) shares are trading at a discount of 4.14% to the monthly high, reflecting an uptrend from the March 52-week low. At the beginning of the week, DD published preliminary results for Q1, expecting performance above market analysts’ expectations due to the growing demand for personal protective equipment and water filtration during the pandemic. The Dupont predicts adjusted earnings per share of $0.82–0.84, with revenue of about $5.2 billion.

During the previous week, DuPont shares grew by 1.67%. S&P500 dropped by 3.91% within the same period.

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DD Support and Resistance

Dupont stock has started to recover after a protracted fall. DD stock prices are near recent highs. Currently, the DD stock is consolidating within the range of 35.00–41.00. DD has the potential to further correction. Technical indicators don’t give a clear signal: the price has consolidated between MA(50) and MA(200), and MACD histogram is located near the zero line

Resistance levels: 41.00, 46.00, 51.00.

Support levels: 35.00, 28.45.

mifinance

Is Dupont DD Stock A Buy?

Many investors are asking themselves if Dupont Stock is a buy. The answer is Yes – Maybe DD stock is a buy. The recent drop has made it very appealing and it will likely not go down much further. The real downside is the lost opportunity cost. Meaning, DD is likely to go up, but not very fast. Investors looking for a fast flip may want to look at other stocks.  However, longer-term investors should definitely add Dupont stock (NYSE: DD) to their watch list.

Stock Market Today

S&P futures are higher, up 33 to 34 points because of:

  1. The US Senate unanimously voted and approved another coronavirus stimulus bill with $484 billion worth of additional economic aid.
  2. The White House said it would make every effort to help the ailing US oil industry and stem job losses, including access to coronavirus rescue funds.
  3. President Donald Trump said he would request larger companies to return federal stimulus aid intended for smaller businesses.
  4. Netflix said first-quarter subscriber growth was much more substantial than expected but was unsure of the long-term coronavirus outlook.

Oil continues to be in a bearish whipsaw action because of the glut of supply and oil ETFs. Well, the market won’t have that May light sweet crude oil contract to kick around anymore.

Now expired, the contract’s brief foray into negative territory — it did end up above zero — has caught the world’s attention as a signal of cratering global economic demand, and not just the chaotic supply battle between Saudi Arabia, Russia, and the upstart US shale producers.

Earnings Reports Today

APH, BIIB, BKR, BOKF, CPF, DAL, DGX, EVR, FCFS, KMB, KNX, LAD, NDAQ, NEE, NEP, SLGN, T, TDY, TMO, WWW before the open.

AMTD, AXTI, BDN, CASH, CDE, CLB, CNS, CSX, CVBF, DFS, ECHO, EGBN, FFWM, FNF, FR, GGG, HLX, ICLR, INBK, KMI, LOB, LRCX, LSTR, LVS, MC, MMLP, NEU, NTGR, NEW, OBNK, ORLY, OSBC, PFBC, PHR, PLXS, PUB, ROIC, RUSHA, SAM, SLG, SLM, SNBR, SRE, STC, STRM, STX, SUI, TCBI, UFPI, UMPQ, UVSP, VMI, WRE, XLNX, after the close.

Economic Calendar

UK CPI for March (2 a.m.)

UK PPI for March (2 a.m.)

UK Retail Price Index for March (2 a.m.)

UK RPI for March (2 a.m.)

French Manufacturing, Business Climate Index for April (2:45 a.m.)

French Production for April (2:45 a.m.)

MBA Mortgage Applications (7 a.m.)

FHFA Home Price Index for February (9 a.m.)

Eurozone Preliminary Confidence Indicator for April (10 a.m.)

Energy Information Administration Crude Oil Inventory Data (10:30 a.m.)

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