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Dow Jones Futures Rise, Major Gasoline Pipeline Still Shut; These Stocks Are 'Out Of Bounds'

Posted Date: May 10 2021
Dow Jones futures rose slightly early Monday morning, while S&P 500 futures edged higher and Nasdaq futures fell. Crude oil futures and gasoline futures edged up as the nation's largest gasoline pipeline remained largely shut following a cyberattack.
The stock market rally is looking strong, the Dow Jones and S&P 500 at record highs and a steady stream of breakouts from a variety of industries. But the Nasdaq and growth stocks generally are struggling once again.
CAN SLIM investors tend to have a bias toward growth, especially highly valued growth stocks, because they typically offer the best opportunities for huge gains. But ultimately, CAN SLIM investors need to follow the market, including which stocks and sectors are leading right now.
In 2020, highly valued growth names had a tremendous year. Tesla stock, Roku (ROKU), Square (SQ) and  Teladoc Health (TDOC) delivered massive gains. As major holdings across ARK Invest ETFs, including ARKK, they fueled huge returns for Cathie Wood's vehicles.

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