X A session that started on an uncertain note pulled off healthy gains Monday, as rising prices and a rally in security and small cap stocks sent the indexes higher.
The Nasdaq popped 0.5% to take a new high, despite Tesla's (TSLA) 3% decline and a 0.3% pullback by Apple (AAPL), and as IBD 50 stocks NetEase (NTES) and Nvida (NVDA) each gained about 5%.
The Dow Jones industrial average rose 0.4% and the S&P 500 logged a 0.5% gain. The S&P 500 also took out new highs, both intraday and at the close, as Qorvo (QRVO), Nvidia and NetApp (NTAP) posted its three strongest gains.
Trade was higher on both the NYSE and the Nasdaq, according to preliminary data.
Johnson & Johnson (JNJ) topped the Dow industrials index, boosted by an upgrade to overweight. The move lifted the stock back above 10-week moving average and up the right side of a flat base with a 129.10 buy point.
Verizon Communications (VZ) was the only Dow stock to drop 1% or more.
Security software plays were among the day's big winners, as Goldman Sachs named several leading names in the response to the WannaCry global ransomware attacks. Mimecast (MIME) spiked 11%, FireEye (FEYE)bolted 8% and Proofpoint (PFPT) gained 7%. Proofpoint ended 4% above an 82.09 buy point and an alternative entry at 84.46.
On the IBD 50, NetEase's strong-volume 5% advance drove shares back above their 10-week moving average as the stock works on a cup base. Nvidia is extended and ticking off new highs above a 121.02 flat base buy point.
Workday (WDAY) ended the day not quite 4% above a 92.10 buy point in a cup-with-handle base.
Vipshop Holdings (VIPS) slipped 0.9% before the closing bell, then bolted 5% higher upon reporting its first-quarter results after the close.
On Tuesday, Home Depot (HD), Stratasys (SSYS), TJMaxx (TJX) and Sina (SINA) are among the stocks expected to deliver early earnings results.
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